Bitcoin or Gold?

[Neeranam]

What would you buy right now -  BTC or gold?

I think that BTC is going to take the gold market, but I could be wrong. 

BTC just passed 1,000,000 baht! I started buying it when it was 88,000 baht and survived and Hodled a long 3 -year bear market.  I remember being ridiculed here by some  gold maximalists ????

 

[Neeranam]

I started buying gold in 2001, when it was 6,000 baht and sold about 10 years later for 26,000 baht. 

[bkk6060]

Bitcoin will be more volatile, but potential to become very rich seems much greater.

[gyps]

Hard to make large profits when one coin is $33,000. But, I had an opportunity at $9,000 a few months ago. Oh well!

Edited January 5, 2021 by gyps

[Neeranam]

1 minute ago, gyps said:

Hard to make large profits when one coin is $33,000. But, I had an opportunity at $9,000 a few months ago. Oh well!

I good friend was reluctant to buy BTC at 12,000 but I pointed out that Microstrategy, Gretscale, and other large companies and billionaires had just bought. He then bought 4 BTC and some ETH and is up over $100,000 in a couple of months.

I believe those who say $33k is too much will look back in 1 month and wish they had bought. BTC will be $50k ish by the end of the month, possibly sooner. 

[Hamus Yaigh]

Global market cap of gold is 9T USD, BTC still only 0.6T so money still to be moved.

 

Gold still out there in the ground to be found, BTC only 21m to be made ever.

 

I'm on the BTC side of the fence, but like ETH more.

[gyps]

You maybe be correct. Its just insane really! Just don't have the stomach for it at the moment. I am good to go at this point living well in Vietnam now. More zeroes to my name would just be left to my daughter and wouldn't make much difference in quality of life for me. That being said, if it drops again into the teens I will spend some of my savings...lol

[gyps]

Yes I  like ethereum better. Bought some last month, made some cash and got out. Again, the strategy I guess is to buy and hold. But, at some point taking profits makes sense as well.

 

Edited January 5, 2021 by gyps

[ezzra]

With any amount of you will not cry if you lose it by bitcoin with the rest buy gold...

[OneMoreFarang]

The question is like: Do you want to gable with a million or invest it in something stable?

[Neeranam]

37 minutes ago, gyps said:

Yes I  like ethereum better. Bought some last month, made some cash and got out. Again, the strategy I guess is to buy and hold. But, at some point taking profits makes sense as well.

 

Getting out at the start of a bull cycle? I understand taking profit, but ETH is going to around $7k this year IMO.

[Neeranam]

29 minutes ago, OneMoreFarang said:

The question is like: Do you want to gable with a million or invest it in something stable?

Personally, a calculated gamble is better. 

[Neeranam]

30 minutes ago, ezzra said:

With any amount of you will not cry if you lose it by bitcoin with the rest buy gold...

I only have 50% of my liquid assets in BTC

[ThailandRyan]

56 minutes ago, Neeranam said:

I good friend was reluctant to buy BTC at 12,000 but I pointed out that Microstrategy, Gretscale, and other large companies and billionaires had just bought. He then bought 4 BTC and some ETH and is up over $100,000 in a couple of months.

I believe those who say $33k is too much will look back in 1 month and wish they had bought. BTC will be $50k ish by the end of the month, possibly sooner. 

Ethereum is also the hot new ticket with stablecoins now being approved for use.  Smart contracts will continue to be developed as both Bitcoin and Ethereum with the new 2.0 roll upwards.  Might be some volatile periods but the two will leave the others behind.  Sitting pretty myself because of my purchases back in 2016.  Sold some off after it hit 30k to buy my daughter a house in the US. Luckily i placed some of the cash in an account to pay the taxes the IRS is sure to hit me with.

[worgeordie]

I have noticed people who own Bitcoin or other variants always

are rallying people to join them and buy,buy ,buy......I wonder why,

no I think I know ...

regards Worgeordie

[Neeranam]

1 hour ago, worgeordie said:

I have noticed people who own Bitcoin or other variants always

are rallying people to join them and buy,buy ,buy......I wonder why,

no I think I know ...

regards Worgeordie

I don't think anyone is rallying here. Would you buy gold now rather that digital assets?

[Neeranam]

1 hour ago, ThailandRyan said:

Ethereum is also the hot new ticket with stablecoins now being approved for use.  Smart contracts will continue to be developed as both Bitcoin and Ethereum with the new 2.0 roll upwards.  Might be some volatile periods but the two will leave the others behind.  Sitting pretty myself because of my purchases back in 2016.  Sold some off after it hit 30k to buy my daughter a house in the US. Luckily i placed some of the cash in an account to pay the taxes the IRS is sure to hit me with.

Lovely! I never got in until early 2017. Bitcoin is for keeping your profits but altcoins are for making profits, IMHO. I am big on Polkadot, LINK, and Uniswap.

I could withdraw profits now and buy my eldest daughter a nice condo in Bangkok but hate to take profits now when things are just starting. 

I got my sister to invest in Ethereum last year, and she has made 400% already. 

[fdsa]

> If you had a spare million baht, what would you buy right now?

I would wait until the current bubble bursts and buy Ethereum at <500 usd rate

[JeffersLos]

2 hours ago, Neeranam said:

What would you buy right now -  BTC or gold?

I think that BTC is going to take the gold market, but I could be wrong. 

BTC just passed 1,000,000 baht! I started buying it when it was 88,000 baht and survived and Hodled a long 3 -year bear market.  I remember being ridiculed here by some  gold maximalists ????

 

 

What Thai platform do you use to buy BTC in Thailand nowadays?

[worgeordie]

15 minutes ago, Neeranam said:

I don't think anyone is rallying here. Would you buy gold now rather that digital assets?

Neither both seem overpriced at this time..

regards Worgeordie

[Neeranam]

2 minutes ago, JeffersLos said:

 

What Thai platform do you use to buy BTC in Thailand nowadays?

Bitkub.com 

 

I also use Crypto.com as they give me a debit card where I get 5% cashback, well cryptoback. 

[Surelynot]

Think eggs...basket....

[Neeranam]

Bitcoin is going to be the world reserve currency, I don't think anyone who knows their stuff would disagree with this. 

[Hamus Yaigh]

2 hours ago, Neeranam said:

I only have 50% of my liquid assets in BTC

I couldn't sleep at night with any more than 5% of my liquid assets in anything!

[Neeranam]

14 minutes ago, Hamus Yaigh said:

I couldn't sleep at night with any more than 5% of my liquid assets in anything!

A friend of mine who was voted a top investor warned me it would be a rollercoaster ride.

The only time I can't sleep is when there is a bull cycle.

I've got 90% of my liquid assets in crypto. 50% in BTC and 50% in altcoins.

In 2016, I thought I would be working until I died, and this year I plan to retire, aged 55. 

I was not heavily invested in BTC(but altcoins - DOT, ETH, UNI, OMG, BNB, LINK,) until I watched this video. BTC has gone up 60% since then, less than 1 month ago. 

 

Edited January 5, 2021 by Neeranam

[owl sees all]

How is Shinecoin doing?

 

All the rage in Pattaya a couple of years back.

[Neeranam]

I've never heard of Jim Cramer but I believe he's well-known in the USA. He bought at $10,000 and is up 200% since last Sep. 

 

[Surelynot]

The Winklevoss twins did pretty well out of Bitcoin

[Pilotman]

Gold exists, Bitcoin does not, at least not in the real world. Tangible assets every time, precious metals, property, gems. 

[owl sees all]

1 minute ago, Pilotman said:

Gold exists, Bitcoin does not, at least not in the real world. Tangible assets every time, precious metals, property, gems. 

If people believe in Bitcoin, that makes it valuable.

 

If people stop believing in paper money, it will collapse, like it has done many times in the past.