Buy gold with Bitcoin in seconds
4 stars based on
I have been a gold bug for most of my life, and normally put a substantial portion of my savings in gold. However, sincegold hasn't really been functioning properly as the hedge against inflation that I look for it to be. I suspect the reason for trade bitcoin for gold non performance for the past five years has something to do with central banks constructing derivative markets around gold combined with a large quantity of "paper gold" financial products that are fractional reserve.
Regardless of what the actual reason might be, I have an interest in accumulating gold by trading. Recently I found a simple way to do that which is working pretty well so far. Vaultoro is an online exchange market between Bitcoin and gold. My algorithm is as follows.
Every day, I log in and check the relative change in the trade bitcoin for gold. That means Bitcoin went up against gold since yesterday. Next I subtract the lower value from the higher value and then divide the result by 2. Following this algorithm, as Bitcoin goes up, I accumulate gold. As Bitcoin goes down, I accumulate Bitcoin. The high volatility against Bitcoin makes it the perfect trading partner against gold. Over time, my portfolio gradually accumulates more Bitcoin and more gold, which I can eventually take delivery of.
This method works over long periods of time months to accumulate more Bitcoin and gold. In the short run, I might miss the full potential to benefit from being long on Bitcoin as its price doubles. But I accumulated more gold. This method can be used between any two instruments on other exchanges like Poloniex.
Using this method you could trade between Bitcoin and Ethereum, for example. What I like about this method is that it doesn't keep me up at night worrying if my long position on Bitcoin or Dash will get wiped out by a dip. It is relatively low risk.
Even if I only re-balance once a week or once a month, the method still works. But it is most effective if done at higher frequencies. Advanced Version Trading exchanges have historically been the riskiest part of the Bitcoin ecosystem. Lots of exchanges have failed for various reasons. Therefore, it is important to protect oneself from the risk of the exchange itself failing. If you wanted to use my method you could limit your risk trade bitcoin for gold this:.
When you calculated the account values of your portfolio, count the gold and bitcoin under your control as part of the total portfolio. I now have more gold grams and more Bitcoin than when I began. The spread between buy and sell orders widened massively as a result of the high volatility of Bitcoin. Everybody seems to want to buy the Bitcoin dip, creating a bit of slippage while shifting gold to Bitcoin.
Declaration of Interests I actively trade on Vaultoro using the method described here. If many people copy my strategy on that exchange, it will tend to suppress volatility, which goes against my trading interests.
However, I also used my affiliate link to Vaultoro above. If many people follow the link and open accounts, I may benefit from any trade bitcoin for gold fees generated. I do not think either interest is financially significant enough to bias my perspective. After I followed you I checked your profile to see if I had read other articles you wrote. There was only one other -- and it's trade bitcoin for gold motivated me to join Steemit a week ago!
I believe someone on ZeroHedge copied a link to it in a comment there. Somewhere other than here, anyway I had made a note to consider writing a bot for it, but then forgot about it. So -- best binary options strategies horgent also for the reminder! I guess you could easily go back and run a simulation. Of course once thing to consider is all the taxes to declare What a nightmare.
Hey I was on vacation and missed responding to a few posts. If an individual, trade bitcoin for gold a corporation, paid you, then you don't owe taxes. You have completed some beste cfd brokers on Steemit and have been rewarded with new badge s:. Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to trade bitcoin for gold comment with the word STOP. Trade bitcoin for gold you very much it looks very good, however I'm not sure if I can actually trust them to keep my savings or not.
I'm also interested to know how gold is growing over time? Obviously trade bitcoin for gold as fast as BTC these days but it should be more stable right? When you do the trading number, count the trade bitcoin for gold and bitcoin under your control as part of the total portfolio. Does that make sense to you? You can get your physical gold from Vaultoro? I have not tested the delivery feature.
But they explain it here: Hey, just wanted to say thank you. I used this service today to protect the deflation of my bitcoin holding. You could obtain physical gold from any source. If it is illegal in your country, you could open a box at http: The value of gold is extremely stable over time. So you will never get rich by holding speculating on gold.
But it is a good way to store value longer term, as well as to measure value. So, by trade bitcoin for gold Bitcoin which goes up and down a lot, against gold, I gradually accumulate gold and bitcoin.
If Bitcoin price crashes, since I have been storing gains in gold, it limits my loss. You made your First Comment.
Thank you for your post How much did your gold and bitcoin holdings increase in percentage terms since you began trade bitcoin for gold process? If you wanted to use my method you could limit your risk like this: Authors get paid when people like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP If trade bitcoin for gold want to support the SteemitBoard project, your upvote for this notification is welcome!
Vaultoro has been stable for the past three years. But I cannot guarantee they will always trade bitcoin for gold. Good jobupvote me too Im newcomer.