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3862406 No.3862406 [Reply] [Original]

I have about 4000$ USD between ETH, BTC, and bitcoin cash (lol) from what started as 200$ i got for free some years back. but am considering pulling out while shits hot and start investing in gold (DCA monthly purchase) because it's much more stable, doesn't make me nervous.

Would I be a retard to leave crypto behind?

>> No.3862425

>>3862406
>Would I be a retard to leave crypto behind?
Yes, but you would be retarded to not have a backup plan as well. 4k isn't a lot of money, but if your that concerned buy 1000 in spendable amounts of gold. While gold is stable, it wont increase in value even close to the amount bitcoin will.

>> No.3862506
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3862506

>>3862406
>>3862425
rather, buy silver. Especially if you only invest like 1,000

>> No.3862512

what a vast fortune

you are right to secure it in a stable commodity, how responsibility of you

if i lost 4000 dollars i'd literally kill myslef

sincerely p̶a̶j̶e̶e̶t̶ Mr. Shekelstein

>> No.3862544

>>3862406
OP, I'm a strong believer in gold, however it's not a short term investment, never has been. Gold is for people who have a million dollars and want to put away 200,000 in case the market collapses. If you're young and looking to grow your wealth, BTC (not shitty altcoins) is the way to grow your money for the next two years or so. Normies are only just beginning to buy in. It will be at 30,000 by the end of 2019. Because blockchain is so unique and BTC was the first, it will continue to stay on top and get the lions share of the available project funding. Putting money in gold isn't the worst thing you could do, it's far better than shartcoins or USD, but it isn't going to make you rich.

>> No.3862546

>>3862406
Moved into Gold back in 2014. That was a mistake.

>> No.3862566
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3862566

both xag and xau are not partically bullish atm

>> No.3862591

>>3862406
Kids don't care about gold anymore, it's like diamonds. They grew up in a virtual world, so in case of uncertainty they will buy virtual money. Forget about gold anon, and thanks me later

>> No.3862638
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3862638

>>3862544
Wise, do you recommend sitting on BTC and hoping for longterm returns, or diversifying into stronger coins then (ETH, etc)? I've been day trading (sell at +400, buy a few hours later at -300, etc, but would rather pit into something and long hold

>> No.3862646

>>3862591
this.

gold's industrial use is a thin margin of the current price. if people stop using it as a store of value the price will less than half of what it is currently.

>> No.3862724

>>3862406
Consider this, gold in the long term is a shit investment. If you are seeking shelter from a unstable market, consider the transaction cost of converting your crypto and buying gold. Now consider the transaction cost of converting it back into crypto. Calculate the cost and the projected rise/fall of your gold/crypto. Base your decision on this if you want to risk converting crypto into gold.

Your circumstances may vary depending on where the market is at any given time. But one thing is certain, gold is shit in the long term with the available data we have in the last 100 years.