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Poll

Which assets will you choose to accumulate:

Bitcoin (BTC)
21 (91.3%)
Gold
2 (8.7%)

Total Members Voted: 23

Author Topic: Has BTC really become more attractive than gold?  (Read 8816 times)

Offline Wiseman

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Re: Has BTC really become more attractive than gold?
« Reply #120 on: May 12, 2024, 08:25:28 AM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
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Re: Has BTC really become more attractive than gold?
« Reply #120 on: May 12, 2024, 08:25:28 AM »

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Offline $crypto$

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Re: Has BTC really become more attractive than gold?
« Reply #121 on: May 12, 2024, 02:35:36 PM »
Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
When demand increases, it will affect the price of bitcoin which can rise and clearly this is good news for us, especially for people who have held bitcoin for a long time, because it is very likely that holders can make more profit than what we feel now .

For us, we will be happy when many people start paying attention to bitcoin, especially those who are investors who have large amounts of capital, because that will influence price movements.

Offline Mr. Magkaisa

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Re: Has BTC really become more attractive than gold?
« Reply #122 on: May 12, 2024, 07:01:49 PM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

          -   It is really better to buy Bitcoin compared to gold, as far as I know other gold investors have moved their funds to Bitcoin first because they know there is a bull run coming this year to next year.

And for sure the other gold investors will hear that they are going back to the bear market, they will sell their bitcoin and they will go back to gold again because the price of Bitcoin is going back to the downtrend.

Offline Wiseman

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Re: Has BTC really become more attractive than gold?
« Reply #123 on: Today at 08:13:21 AM »
Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
When demand increases, it will affect the price of bitcoin which can rise and clearly this is good news for us, especially for people who have held bitcoin for a long time, because it is very likely that holders can make more profit than what we feel now .

For us, we will be happy when many people start paying attention to bitcoin, especially those who are investors who have large amounts of capital, because that will influence price movements.

Of course, this news is very good and naturally it will have a very good effect on the price increase and this is very good. Not only for those who hold Bitcoin for a very long time. But also for those who just want to buy it. By simply doing analytics, people can now understand that now it is also very good. time to buy Bitcoin and hold it.
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Offline Uruhara

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Re: Has BTC really become more attractive than gold?
« Reply #124 on: Today at 08:37:50 AM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
Currently, without us realizing it, the number of wallets that store bitcoin continues to increase quite rapidly. And indeed many institutions are getting into bitcoin. Especially after the Bitcoin ETF was approved. Without us realizing it, the world's big companies also continue to accumulate more than we thought. And this is indeed good news in the growth of bitcoin adoption. And with this perhaps the price of bitcoin will not fall further except in the bear market that will come after the bullrun.

Offline Peter90

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Re: Has BTC really become more attractive than gold?
« Reply #125 on: Today at 10:52:38 AM »
Similar to me and my friends: Our grandparents and parents all love to accumulate gold, but we no longer buy gold as a way to reserve wealth. We choose crypto, especially BTC to accumulate because it is simpler, more convenient to buy with smaller amounts, and has much higher profits than gold. We seem to have left gold behind as a part of the past.

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