Bitcoin Forum

I don't think it can be a coincidence that gold, bitcoins and even silver to some extent are at incredible lows at the same time. Anyone care to offer their explanation of why they think this is the case?

THE FUD


Google 'Gold News'. 98% of articles will explain it.

BTC is unrelated to Precious Metals, but ok.

I'm not an economist by any means, but the reason PMs are deflating is because they were in their own bubble not too long ago, perpetuated by FUD caused by the global recession. During the recession, the value of important currencies like USD and Euro dropped with their respective economies, so investors wanted to hedge their losses by investing in Precious Metals. The price began to rise and rise, so people started buying Gold and Silver not because of their value as a hedge against inflation, but because the spot price was hitting record highs every day. (Trademark sign of a speculative bubble). As the global economy began to improve, investors drew their money out of Gold and Silver to reinvest into the rising stock market. This caused the bubble to deflate.

Bitcoin is dropping in a similar way. The bubble is still deflating.

None are at "incredible lows."

Lets not turn this into a battle of semantics. I am talking in the short term. From the period of now to say...4 months ago, prices of gold, bitcoins and silver are lower than they have been.
Also, I realize they are separate markets. And yes, PMs are used as a hedge against inflation, so one is compelled to think inflation is slowing down as PMs are decreasing in price. You don't think this same affect has anything to do with bitcoins? That people aren't looking for alternate means of investment because the dollar is getting stronger?

Another question...what do you think will  be worth more in 6 months? $1,000 in gold or $1,000 in BTC?

6 months ?
I vote definitely for gold, but I would rather send profit to hell, continue supporting an excellent idea like BTC
 that idea was seen as an  "investment opportunity" by large number of  "investors"

I'm in for the long run

http://www.bizforum.org/Journal/www_journalJVP010.htm
Gold details there.

Bitcoin as of a while ago, are also as short-able as an ETF.
https://exante.eu/press/news/314/
"Additionally, they can also initiate a short position in the shares of the Bitcoin Fund even without selling Bitcoin – this is more or less like an ETF or contract for difference (CFD) instrument."

This means you can drive the price like a car if you have access to enough fiat currency.

good day what is the shares of this Bitcoin fund thanks...Ira

I am not understanding the question.

Min to open an account EUR100.000
Per trade minimum EUR10.000

It is for institutional investing.  Banks, sovereign funds, pension trusts, that sort of thing.

Speculative bubbles.