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[hibi3454]

Hello Everyone,

In a recent development on 7th April 2020, Peer-to-peer crypto-currency exchange, Paxful reported that the site would add provision for trading between gold and bitcoin.
This could be a huge development for Crypto!

Thanks for Reading...
What do you guys think of this?

 

[SCAMEXPOSER]

Sure that is advantage of the improve in technology we are experiencing, then the presence of bitcoin as an alternative to gold makes gold less of it scarcity now.

 

[microunit]

It is a good thing that gold can be exchanged for bitcoin,it will help a lot of people have access to gold now unlike before that wasn't readily easy

yeah agree, as before accessibility is really hard unlike in bitcoin where you can just go into an exchange and then just buy bitcoin then just transfer it to your prefer wallet

 

[Brain]

yeah agree, as before accessibility is really hard unlike in bitcoin where you can just go into an exchange and then just buy bitcoin then just transfer it to your prefer wallet

I like the way the emergent of bitcoin is making life a little easy for people though they are fraudulent people trying to destroy it but it really helpful when it's various usage.

 

[microunit]

I like the way the emergent of bitcoin is making life a little easy for people though they are fraudulent people trying to destroy it but it really helpful when it's various usage.

well yeah, I can't it's that easy as people already have it easy just that company processing the transactions are the ones making it harder, though yeah people will always take advantage of something just to gain more, like they already have fire and the pig is just at their sight why wouldn't they catch and grab the pig to make food right

 

[Ewogboka]

I like the way the emergent of bitcoin is making life a little easy for people though they are fraudulent people trying to destroy it but it really helpful when it's various usage.

The fraudulent people will continue to be around but continuous security measures will prevent them from achieving their aim, this paxful development will now make gold easily accessible.

 

[Brain]

The fraudulent people will continue to be around but continuous security measures will prevent them from achieving their aim, this paxful development will now make gold easily accessible.

Yeah that is why we are hopeful that it will bring the needed security needed and if possible these fraudulent people be traced and captured to deter others

 

[Josemendez]

Hello Everyone,

In a recent development on 7th April 2020, Peer-to-peer crypto-currency exchange, Paxful reported that the site would add provision for trading between gold and bitcoin.
This could be a huge development for Crypto!

Thanks for Reading...
What do you guys think of this?

Only those who trade Gold for Bitcoin will gain especially when the price rises , otherwise the person who traded Bitcoin for gold will lose from both from transaction fee and from the cat that gold do not fluctuate much

 

[Ewogboka]

Only those who trade Gold for Bitcoin will gain especially when the price rises , otherwise the person who traded Bitcoin for gold will lose from both from transaction fee and from the cat that gold do not fluctuate much

This is true, within a month bitcoin could rise or drop within a range $200 to $500 difference but gold may so someone who trade his gold for bitcoin can easily makes his money in a short time though risky too.

 

[Josemendez]

This is true, within a month bitcoin could rise or drop within a range $200 to $500 difference but gold may so someone who trade his gold for bitcoin can easily makes his money in a short time though risky too.

Yeah. I could have loved gold but then I am not too conversant with it's trend and it may not offer much volatility as can be seen when there is positive volatility with Bitcoin

 

[Ewogboka]

Gold doesn't even have high volatility as bitcoin and it doesn't depreciate in value as such so many people use it tie down their money unlike bitcoin that is virtual and volatile.

 

[Josemendez]

Gold doesn't even have high volatility as bitcoin and it doesn't depreciate in value as such so many people use it tie down their money unlike bitcoin that is virtual and volatile.

I do rather invest in fixed deposit in banks than to keep my money with gold which is costly yet lacks volatility for making much profit from it

 

[Ewogboka]

I do rather invest in fixed deposit in banks than to keep my money with gold which is costly yet lacks volatility for making much profit from it

Fixed deposit is not as lucrative or profitable like gold , gold may not be as volatile as bitcoin but it is a sure way to make, I have people that use gold for years and still resell at better price., it has value.

 

[Josemendez]

Fixed deposit is not as lucrative or profitable like gold , gold may not be as volatile as bitcoin but it is a sure way to make, I have people that use gold for years and still resell at better price., it has value.

Well , it is not that I am not aware of this but I don't just like gold investment because it is expensive to begin a d the reward is not that much

 

[Ewogboka]

Well , it is not that I am not aware of this but I don't just like gold investment because it is expensive to begin a d the reward is not that much

That is true though with this paxful strategy of gold investment it will be cheaper as one can buy gold of any amount and hold it with panful

 

[sykt62]

I saw the news before but there a question in my mind how they regulates the business because paxful is p2p market and most of user and scammers.
Address verification needed to be more hard and secure

 

[Josemendez]

I saw the news before but there a question in my mind how they regulates the business because paxful is p2p market and most of user and scammers.
Address verification needed to be more hard and secure

P2p transaction is something I have failed to accept . In as much as there are some security measures put in place , I still don't feel comfortable with it . If paxful wants to use P2P then there should be more measures in place

 

[sykt62]

P2p transaction is something I have failed to accept . In as much as there are some security measures put in place , I still don't feel comfortable with it . If paxful wants to use P2P then there should be more measures in place

We have to accept that it has some drawbacks but also they have great opportunities to earn good amount of money.i scammed 2 times and earn good money from paxful

 

[George10640]

Wow I think that must be wonderful .When you start thinking of the movement of gold how volatile it is and remember being traded with a btc.I think one must be cautious and ready to do what he is supposed to do as a trader.Proper risk management should be put in place first has it has been seen Gold kills people account with out understanding it.I think gold news won't matter a lot compared to fundamentals involved with bitcoin.

 

[Ewogboka]

If you want to trade gold online you will need to do a lot of research about it in relation to paxful and how safe the investment is before you invest it.

 

[George10640]

If you want to trade gold online you will need to do a lot of research about it in relation to paxful and how safe the investment is before you invest it.

Sure because I think gold as always been traded with cfds which involves a lot of risks.Buy and hold strategies will work more here.