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/biz/ - Business & Finance


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49782977 No.49782977 [Reply] [Original]

My Bitcoin lost half it's value. Should I just sell it and buy gold instead?

>> No.49783180

>>49782977
I bought 100 k gold bullion after 2007 crash.
Smartest thing 24 year old me did.
Unlike tulips, its 100% inflation hedge

>> No.49783249

>>49782977
Absolutely.

>> No.49783285

>>49782977
If Bitcoin was attractive to you at double the price why sell? Anything has changed but price?
But seriously, selling an "asset" that's nothing but thin air for gold is always a good idea.

>> No.49783300

>>49782977
it’s the only rational thing to do right now

>> No.49783318

>>49782977
>buy high sell low
anon, I...

>> No.49783399

>>49783318
It's only irrational if btc stops falling and starts rising. Otherwise he is just preventing further losses and opportunity cost.

>> No.49783513

>>49783399
it will bounce back, we've been through this before. if anything, it will soon be time to buy some

>> No.49783555

>>49783285
I thought it was gonna go up, now I think Schiff is right and it'll crash and burn and I'll never see that money again

>> No.49783575
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49783575

>>49782977

>> No.49783659

>>49782977
Gold and Silver have been the MOST stable form of currency in human history for thousands of years. You farm bitcoins but you "invest" in gold, silver and Real Estate. Tangible real things you can convert into money when it's safe and returns are high. Only the rich can afford to take risks and lose ten of thousands of dollars, you retard.

>> No.49783751

Gold is a store of value above anything else. If you need to make money it's not a good investment. A diversified portfolio of stocks is the way to go.

>> No.49783836

Become a bear and then get in again at $10K, OpenAI confirmed that it is the floor.

>> No.49783930

Just buy PAX Gold.
Best of both worlds.

>> No.49783970

>>49782977
Bitcoin will come back, but you're looking at a ten year wait, maybe less. Sell now and get gold or silver. If you have more than $20,000 convert it all into gold or silver. The US economy has started to sink, you want to get off now before the sheeple notice and panics follows.

>> No.49784315
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49784315

>>49782977
Yes you should,
Gold price rose since Ukrainian war, bitcoin halved.
Yes, make it in a /biz/ way
Buy high, sell low!

>> No.49784393

Joe Biden will seize the gold too.

>> No.49784697

>>49783659
I hate to be the one but you don’t even have to convert it. I see people on my local Craigslist accepting gold as payment.

>> No.49784712

>>49782977
If you purchased BitCoin as a hedge against inflation: yes, sell. If you purchased BitCoin as an extremely risky and speculative investment: no, hold.

>> No.49784727

>>49784393
I wish a nigga would. (in minecraft)

>> No.49784776

>>49783285
Your bank account details are only thin air, care to post them?

>> No.49784828

>>49783513
Good luck with that anon.

>> No.49784975

>>49784315
lmao it's down again and the war isn't over. Rate will probably increase even more and gold will fall.

>> No.49785032
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49785032

nothing makes the btc fags seethe more than telling them to buy gold/silver.
seriously, go to the btc subreddit and do it. they'll call you a cultist (how ironic) and ban you
kek kek KEK

>> No.49785078

>>49782977
Unironically yes

>> No.49785261

>>49784975
Where are you putting your money?

>> No.49785327

>>49785261
I trade primarily Oil/gas, maybe cocoa, coffee and copper if I see opportunities. In terms of metals I see more potential to platinum than gold.

>> No.49785368

you didnt sell at 60k last year? is /biz/ really this retarded