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Title: Bitcoin more expensive than gold today. Post by: serchanto on March 02, 2017, 07:57:04 PM For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder.
Title: Re: Bitcoin more expensive than gold today. Post by: DoublerHunter on March 02, 2017, 10:41:16 PM I think the price of bitcoin would reach 2000$ price for this year because you can see even now that the price is slowly climbing up to 2000$. News like this is a big help for bitcoin to rise even more because people will amaze to this kind of news and they will start getting curious and in the end of the day, they will invest in bitcoin.
Title: Re: Bitcoin more expensive than gold today. Post by: BurtW on March 02, 2017, 10:43:11 PM For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder. Gold is measured by mass and priced in USD/gram. How much does a Bitcoin weigh? You cannot compare the two. Title: Re: Bitcoin more expensive than gold today. Post by: Creepings on March 02, 2017, 10:48:56 PM For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder. Gold is measured by mass and priced in USD/gram. How much does a Bitcoin weigh? You cannot compare the two. Point taken, we dont really need to differentiate these two. And bitcoin reached almost $1900 in the past, I think if bitcoins price reached $2000, i will rejoice! Title: Re: Bitcoin more expensive than gold today. Post by: BurtW on March 02, 2017, 10:49:21 PM From another thread:
Total estimated gold ever mined: 171,300,000 kg 1 kg of gold = $39,847 Market cap: $6,825,791m Total bitcoins ever mined: 16,193,587 1 btc = $1,249 Market cap: $20,230m You should postpone the 'parity party' until 1 BTC = $421,512, or when it's value equals the value of ~10.6 kg of gold. sources: google + coinmarketcap For "parity" a BTC would need to be about 39,847 * 171,300,000 / 16,193,587 = $421,511 So not quite there yet. |