RE: Bitcoin's price is at a critical crossroad

You are viewing a single comment's thread from:

Bitcoin's price is at a critical crossroad

in bitcoin •  7 years ago 

I'm buying gold now as a crypto insurance policy. So are Russia and China for when the US economy crashes..

I'm very confident bullion will climb. And Bitcoin will be replaced by better cryptos...

https://www.marketwatch.com/story/why-china-and-russia-are-buying-so-much-gold-2016-08-01

bitcoin
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.59
  • Past Payouts $0.59
  • - Author $0.45
  • - Curators $0.14
1 vote
3
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    I am not sure gold is the way to go anymore, though it has a lot of history to back it up as a store of value in times of uncertainty.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $4.82
    • Past Payouts $4.82
    • - Author $3.62
    • - Curators $1.20
    2 votes
    [-]
      ·  7 years ago (edited)

    I know its a bit boring and it's never going to go nuts like cryptos, but ultimately gold bought using cryptos from gains made on cryptos is truly anonymous and will hold its value whatever happens to economies, cryptos, and laws.

    So it's insurance. While cryptos go up gold won't. And vice versa!

    Truth is I couldn't trade cryptos with full confidence if I thought I could lose the lot. Having 10% as gold means I can't ever lose the lot, so I can gamble the rest.

    And Bitcoin I've made big gains on, sold and moved on from.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.58
    • Past Payouts $0.58
    • - Author $0.44
    • - Curators $0.14
    1 vote
    [-]
      ·  7 years ago 

    Can you buy gold directly with crypto?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $4.46
    • Past Payouts $4.46
    • - Author $3.52
    • - Curators $0.94
    2 votes