Bitcoin Forum

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?
https://i.imgur.com/O3TsR3r.png

Courtesy- Financial Express

I don't think it really affected the gold markets THAT much yet, though I wouldn't be surprised if it does take a huge percentage of the gold markets sometime in the future; it's pretty much just a matter of 'when'.

Here's a not-the-same-but-really-similar topic: Millennials Are Twice As Likely To Buy Bitcoin Than Gold https://bitcointalk.org/index.php?topic=5298360.0

Hi,

I think that in order to give an opinion on these two large markets we should have some parameters as a reference between both assets.

A few days ago I found a post where a BTC vs GOLD comparison is made and I found it interesting to share.

In this, a comparison of the following parameters is made:

1. Transparency, Safety, Legality.
2. Rarity.
3. Baseline Value.
4. Liquidity.
5. Volatility.

After reading the post, I understood why each of these assets is currently located.

https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/

Regards,

It's inevitable though, we have seen some gold bugs moving to crypto specifically bitcoin because as investors, they are looking for a good asset that they can use to hedge their wealth. And besides the price of bitcoin is new all time high levels, that's why many of gold investors are diversifying their portfolio to include the 'digital gold' in their assets.

And I'm thinking that if we could take a piece of that slice and get those investors to shift to bitcoin, then this is the next phase that we are looking for to shoot the price to $50,000 - to six digits.

https://pbs.twimg.com/media/Dmcahc_WsAACWA9?format=jpg&name=900x900
Source: https://twitter.com/Pladizow/status/1037827416587161605/photo/1

---

Days ago, one big guy decided to invest into Bitcoin because his detection shows bitcoin is repeating the fractal of gold for the future bull run, parabolic growth. IMO, the comparison is not necessary, bitcoin is bitcoin and its growth does not because of gold, gold pattern, fractal, anything. You can look at the fractal and its meaning for investment. Fractal can be from textbooks, any asset, not only from gold.

I have more interests in the S2SF model, not gold and its price pattern. I have strong belief in the scarcity of bitcoin, increase of demand and higher adoption for bitcoin. Price as a consequence of combined reasons, will get millions of dollar.
Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity (https://bitcointalk.org/index.php?topic=5191012.msg52690215#msg52690215)
The live chart for S2SF model: https://digitalik.net/btc/

Bitcoin vs. Gold: following the recent stock market turbulence, especially in the last few months or so, people have begun to increasingly look at gold as safe haven investment. In the meantime though, cryptocurrencies or Bitcoin investments have also unexpectedly expanded. According to financial analysts, and though equity prices were increasing before the Covid 19 pandemic, Bitcoin was incredibly unpredictable. So as an investment, is Bitcoin better? Experts claim in current circumstances that it is gold that scores above cryptocurrency to its famous bitcoin type. The explanation for this is that gold investing has proper oversight, while bitcoin investment is not at all regulated. its extreme uncertainty still renders it unsuitable, even for those who have previously invested in it.


 

What? It's literally a topic that's pointing at Bitcoin bullishness. How is this article made "to scare away potential diverse investors from trying to invest in bitcoin"?

Lol that's right no one would've believe bitcoin is a thing now and scaring potential investors isn't even hard because of the risks involving cryptos. All the bullish of Bitcoin these times inspite of the rise it wil be hard to recruit some investors just to buy bitcoin, I think he confused himself from the post and didn't read most of what's on the article.

Gold is used as a store of value by those with "older" mentality: low volatility, usually rising.
Bitcoin is used by those with some more appetite for risk and more tech savvy.

In time Bitcoin will become more stable. In time the older people will... leave room to others, which may at least be more tech savvy.
Now there's a demand for both. In time the balance will probably shift more and more towards Bitcoin.

People will once in a while move their cash from one investment platform to another and that is what they have done from gold and other assets to Bitcoin now. It is not something new as everyone want to always safeguard their capital and keep a good profit margin. Soon, the money from Bitcoin will also move out elsewhere either to altcoins or to stocks or even back to gold. It is a circle.

Most like the Gold and Bitcoin is much the same? but for me i think if i'm going to be for a long term investment i'll go for Gold well the price of it won't crash dramatically unlike the Bitcoin that in any moment it will crash and so the cons is that i can't pay gold online unlike Bitcoin which more likely a Gold of the internet.

This line was an inevitable conclusion imo, and this phase is probably just the transition, the beginning so to speak. Idk if it has affected the market that much, but I suppose it's only a matter of time, especially since Bitcoin itself is becoming more and more favorable in the eyes of the majority. You can expect people who know how to invest in gold to know about BTC, but I'm guessing that those who know how to invest in BTC don't know much about gold.
Gold isn't that appealing as a long term investment, unlike gold, which is probably why it became like this. Not to mention the ability of Bitcoin to become a safe asset itself, with time that is.

Bitcoin vs Gold? I wonder who will win ;D

I don't think that the popularity of crypto will impact the gold market. Gold has its own market, while crypto also has its market. But if the demand for gold increases, that will make the price will also increase. I think that will happens too with the bitcoin price. But gold still the people's favorite to save their money, but soon, they will also know that bitcoin can do the same as gold.

Well of course I support cryptocurrencies against gold, silver or any other physical assets and thanks to Satoshi and Bitcoin, now we have a new financial technology : Blockchain. And this technology can be used in any industry. But in order to use Bitcoin and any other crypto coins we need computers and internet. What if some days come and we cannot reach computers and networks? I mean any disaster in the world. Gold is also in limited numbers. And then people value what they hold physically.

In short what I want to say is, we cannot compare Bitcoin and Gold. Maybe there will be no winner. Both will leave as brothers...

Why compare these two assets when you can trade each of them?

People are selling gold for bitcoins. Thats strange.

Partially agree with JP Morgan before few years people were investing only on gold because it was the huge amounted asset which will give you big returns, gold is stable investment that is almost a guaranteed return on our investment but BTC has surpassed everything and changed the revolution.

Right now BTC is a better investment comparing to gold but you also have the potential to lose lot of money, to me both are like rank holders and BTC would be declared as winner.

Guessing the reason you chose gold, this is because gold is a Safe Haven asset. In addition, gold already has recognition of its value throughout the world about its value or price. Then, if I'm not mistaken, gold is not affected by the interest rate, monetary or fiscal policies set by the central bank or government. In contrast to bitcoin, only a few countries recognize and legalize it. Although in terms of technology, gold is far behind, the level of confidence in gold is much higher. Because of that, I currently have two investments which I consider to promise the first gold the second bitcoin.

This is all about investment strategies. How much has gold return in term of profit as compared to that of Bitcoin, portfolio managers know which one to choose and 2021 will be epic, not only Gold but the stock market will suffer for cryptocurrencies.

I read similar article  (https://www.worldcoinindex.com/news/jpmorgan-says-bitcoin-will-slowly-eat-into-gold-s-market-share) about JPMorgan says Bitcoin will slowly Eat into Gold's Market share.

I find this very interesting.

There are bitcoin investors who are buying altcoins when they don't see any profits from bitcoin, they rely on profits from altcoins as they are observing the market. Just like what you've explained, if your asset is not moving then probably you will work for something like a different platform where your money will grow. If you realize and understand it is really a cycle and you are just circulating your assets and make it move in the market. But for me, the best asset is still bitcoin above all, although it is volatile because it can give you much larger profits.

It is a fact that many young people do not care about gold or silver. Gold is going to lose its significance as people move to more innovative systems and currencies to fight back against inflation. Bitcoin offers some benefits to users. However, Bitcoin is much more volatile and this creates a barrier for mass adoption. Unless mass adoption happens Bitcoin prices will be volatile as it is now. I hope it will happen soon in 5 or 6 years. As the bitcoin gets extinct the price will go up and at some point, it will not be much more volatile. As many institutions accept Bitcoin and hold their investment in form of Bitcoin, it will play a foundation for Bitcoin. As you can see PayPal has the option to buy crypto but it does not have the option to buy gold. Yes, they can buy through PayPal payment but no gold in the platform. So with the help of such big companies, Bitcoin will capture the share of gold in modern markets.

It’s not balanced because bitcoin is a technology and Gold a natural substance. Gold is controlled by the centralized Authority bitcoin is decentralized.

We will not be able to eliminate gold as a balanced investment, because from our ancient ancestors gold became one of the trade transactions, possibly because of one of these things gold became one of the attractions as an investment.

But times and technology are also changing, the more natural disasters that often occur, the less conventional gold mining is so investors are starting to switch to digital systems, of course this can be a different thing in terms of the risks that occur but all of that is actually an option. respectively because the level of high ratio is also in balance with the benefits.

If you consider the 2021 prediction about crypto bullrun, it's inevitable the other markets such as gold and the entire stock market will suffer. Investors are selling their gold share to cash out more profits in crypto. Look at the gains people had from defi hype alone few months and that was just tip of an iceburg.

Crypto is here to stay and many corporate companies are partnering with crypto companies to promote real world adoption hence money will bleed off gold into crypto.

I feel there is a clear distinction between the two @Gold and Bitcoin in terms of the fact that, one is tangible and the other isn't that's in terms of it's physical nature but, should you look at it from there functionality aspect and what they represent, they have quite the same function.
Looking at currency, you would note a transition up to the paper money or regular fiat but then, one currency that refused to wear out and still remains valued for several reasons is Gold. It's become an asset with a store of value for the fiat currency and this is the position Bitcoin occupies today in respect to other cryptocurencies in the cryptosphere a midst serving as a currency as well.

Now this explains why, the gold market would be affected ad the stability and reliability of Bitcoin has given the crypto aware persons or crypto enthusiast an alternative to choose between Gold and Bitcoin coupled with the fact that, bitcoin is highly volatile and it's worth still continues to appreciate. But then, Gold isn't going to crash with regards to this fact, it will still serve.

People who prefer traditional investments such as gold will stay in it. But we see a transition that even the institutions are getting into bitcoin.

Having that said, there's a probability that those investors who prefer traditional assets and investments will also jump into bitcoin someday. And that demand will increase and be favorable to bitcoin. I think we all knew that day will come.

<a href="http://www.freebiebitcoin.com">Earn free bitcoin</a>

Its exchanges can be tracked for bitcoin investing and it is through investing in many lucrative currencies in the case of gold the demand is much lower even if the price goes up and down there is not much difference in the market. But as the price of bitcoin rises the market improves a lot and the amount of investment in bitcoin increases day by day of gold traders can't do anything they want so bitcoin is in high demand.

I believe there's something JP Morgan doesn't understand when he said the Bitcoin market affected Gold cause Cryptocurrency was created as an alternative solution and not influence Gold market. Besides, I even expect cryptocurrency market to impact gold market positively since we have Gold backed crypto projects

As bitcoin becomes more popular and the adoption of bitcoin by institutional investors like the ones we have seen, it is logical that specialists are wondering about the future of gold.

Just as JP Morgan thinks that in the medium or long term the price of gold will suffer due to bitcoin. If investors prefer bitcoin.
These figures called attention to the analysis:
Grayscale Bitcoin Trust.
$ 2 billion - October.
$ 7 billion for exchange-traded funds backed by gold according to JPMorgan.

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin
 (https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin)

I do expect Bitcoin to have an impact on Gold. I think there will be a change of behavior of investors who are looking to hedge their assets against the stock market and inflation. In my opinion BTC is not just a proof-of-value, but an emergent asset class whose benefits are now being discovered by institutions.

If you're interested I have wrote a piece of content around the BTC v Gold debate. https://cristianpop.net/bitcoin-the-currency-of-a-new-era/

I think the potential threat cryptocurrency holds against the Gold is real but I do not see this having a great impact on the gold market price just yet. Cryptocurrency is becoming more and more as the popular option for storing wealth and assets, and that's a direct competitor to storing this in Gold.

However, crypto isn't yet that widely adopted to have such a great impact on Gold but I do expect that with crypto becoming more and more popular among people storing assets in Gold will not longer be the norm with crypto taking the lead.

Depends on how you’re seeing it, if they said that how sure are they that Bitcoin is taking the market away from gold? The way I am seeing it the gold market is doing really well, and its market even increased in price this year despite everything that happened, the price was going up when oil was going down, and even after covid it’s still doing great, just as Bitcoin is going really great.

So, I don’t think that BTC is taking the investors away from gold, rather it attracted investors, but that doesn’t mean that they stopped investing in gold to invest in BTC, they are still going for gold as well.

Over the long term the interest in bitcoin will grow as older generations are replaced by new generations that have more knowledge about the technology, just above there is link about how millennials are more likely to buy bitcoin than gold, at some point those millennials will become older and they will begin to get more money due to getting better jobs, paying off their debts and inheriting the properties of their older family members and they are going to invest that money somewhere and fortunately for us a great deal of that money will come to this market.

So it is just a matter of time before gold begins to lose ground to bitcoin, now gold will still be used as a store of value but bitcoin will slowly take over that place over the next decades.

Although I am the owner of cryptocurrencies and believe in their success, I cannot put BTC above gold. The fact is that historically, gold has always been and continues to be one of the best and most reliable assets. BTC is a new asset, which means that it still needs to show its stability, importance and popularity in the world. Based on this, I see no reason to compare BTC and gold, but if I had a choice to invest in which of these assets, then I would distribute my investments between these assets equally.

If i decided full investment recently and did not Buy Golds ?surely i am making a Huge Profit this day as Bitcoin finally break the ATH.

But i want assurance , My wife believe in Bitcoin but She also loves Gold so if we have extra funds for sure part of it will go to Gold and Bitcoin or other alt also.

But just hours earlier when i show Her the outcome of my investment in crypto and shocked, deciding from now on we will go ALL IN for crypto and Her gold will be enough to Hold, things that i felt winning over her lol.

It's happening already, bitcoin is the stronger digital gold and gold is more stable than bitcoin due to high volatility, still bitcoin brings more profits than gold and it's supply is getting lower through halving process every four years, there are few millions of Bitcoin left to be mined, bitcoin have shown the whole world how stronger it is over gold, it's now more like Volatility vs Stability but I'm sure the audience will choose Volatility cos that's where the real profit lies.

A wise man would buy both. A rich man would expand even further than that, but most of us don't have limitless capital.

Limited wealth makes us think which investment is better for us to enter into it. This thinking process is the key to our success in holding limitless money like the rich. In order for us to successfully manage $ 1000 finances, we must be able to ensure that we are successfully managing $ 100 finances. Whether it's buying gold or BTC, you will know your success after choosing it.

Never be ashamed of what we have, and still have strong principles so that we can survive to achieve our dreams.

Btc and Gold is totally different currency. Btc don't affected gold market to increase. If you saw gold price, covid-19 time break all record all of time.

The gold market has not been affected by bitcoin as much as someone thinks but it might overtake the gold market in the near future because the majority of the investors are now looking to invest in digital currency and few of them already did this. You will see crypto billionaires on the Forbes list after 2 to 3 years.

It's occurring as of now, bitcoin is the stronger digital gold and gold is more steady than bitcoin because of high unpredictability, still, bitcoin brings a greater number of benefits than gold and its provisions are getting lower through a dividing cycle like clockwork, there are not many great many Bitcoin left to be mined, bitcoin have demonstrated the entire world how more grounded it is over gold, it's presently more like Volatility versus Stability however I'm certain the crowd will pick Volatility cos that is the place where the genuine benefit lies.

I think there will be more investment in gold than Bitcoin because that is what people know is safe. But with Bitcoin we can benefit it's profitability though there is also a high risk. With gold I don't like to possess such asset because it sometimes cause harm to our security like robbery. Now that institutions and companies are hoarding tens to hundreds of thousands of Bitcoins, more and more people are going to try it due to popularity. Centralized market will turn red and cryptocurrency will be green.

It is really good to buy both if you can manage your capital properly but if you don't then you should choose between these two.

But many will say that they will choose gold, especially those who are not familiar with bitcoin.
They will settle on a slow and a profit for a long period of time because they don't know how to risk their money in the market.

While those people who engaged in bitcoin will know how market works and how profitable bitcoin is these days.
Bitcoin can make you have much larger profit due to its volatility and popularity in this season

Gold is older than bitcoin in the world, but bitcoin is now more popular than gold base on what happened during the pandemic. During the pandemic many currencies devalue where bitcoin was still maintaining it value during the process. With the steady increase of bitcoin in the exchange market, during the lockdown, make me to  prefer bitcoin in the area of investment, which is a decentralized currency.
Bitcoin is still rising that is helping their customers to make a good profit from their business.

BTC can be used as a currency it can be sold easily but its disadvantage Bitcoin is volatile its value fluctuate in a short period of time, while gold is a stable investment it can be stored in your vaults and safe, but it can't be used as a currency but its value increase as the time goes by. I hope this statement helps you in determining what are the pros and cons of Bitcoint and Gold.

Despite bitcoin's reputation as a digital counterpart to gold, some analysts believe that bitcoin has little impact on the gold market.
Bitcoin is really showing impressive results this year — it has tripled, and recently updated historical highs. Gold for 2020 showed an increase of 24%. However, gold remains the choice of large institutional investors due to the fact that cryptocurrencies do not have enough transparency and their position in the investment market is too precarious.
In my opinion, bitcoin and gold are closely linked together. And, as a rule, a crisis in one market creates demand in another.
For example, the company One River Digital Asset Management was founded relatively recently, which in November bought bitcoins for $600 million.
In the perspective of the market - Bitcoin is the new digital gold. The main thing is to learn how to correctly predict and manage your capital and investments. My recommendation for novice investors is to find a reliable and experienced partner. At the moment, from my experience, I can recommend one extremely talented person - Roust Semy. I will tell you honestly that you can trust him and build a business together.

The thing that most of us crypto user dreaming about back in the past is about to happen. It's no surprise though considering most of millenials and younger generation prefer to invest in stocks, crypto or the likes and gold is kinda outdated.
digital gold or something similar isn't helping either since I've seen most youngest generation don't even interested to thing like gold but invested more to technology.
Sooner or later crypto market cap including btc will have humongous valuation just almost as much as gold market and it's really gonna happen if the crypto market growth stays this way.

bitcoin and gold are equally good for investment. I choose both to save, for now I can only buy gold and in the future I will save to buy bitcoin.

Great share, thanks a lot! Unbelievable how both BTC and Gold perform on a log scale. Even though, it is as you say that bitcoin is different, never forget that what makes a huge difference here is the option to be used as a store of value. And, in our digital realm, bitcoin does that better than gold.

In the last year, bitcoin overthrew gold and took over the throne by doubling since the summer to a whole new high worth $19,900 while gold fell to $1800 from $2050, its respective all-time high. JPMorgan suspects Bitcoin will only rise in future with barely any chance for a huge fall.

JPMorgan analysts assert, according to reports, that capital has been flowing into Bitcoin while the gold industry is facing the opposite scenario. Hedge funds are seemingly selling their gold positions as their new and ever-and-only adversary Bitcoin has a weekly reception of multi-million inflows.
The institutional situation of gold investment is pretty solid because of the availability of infrastructure and regulated systems. Bitcoin, being a newcomer is insufficient in those fields. Gold funds may be higher than Bitcoin, however many have been turning their backs on the ancient store of value. Many have made the bold acclamation of asserting that Bitcoin is certainly a better store hold than Gold because of its defence against inflation.

In many ways, gold is the precious metal counterpart to the bitcoin. It is estimated that there is approximately 171,000 metric tons of gold in the world, while the Bitcoin system will only be able to generate and support a maximum of 21,000,000 bitcoins until further technological advances are made.

That's right, the opportunity to get a profit is bigger and faster, but the risk is great. ready to make big profits means you have to be ready to lose big, right? We know that bitcoin and altcoin prices are generally volatile. The price can suddenly pump and dump just because of news, this is very tricky, so it must really be based on ability and experience.

For most people who do not like risk, they will definitely prefer gold, even though the price movement is slow but the risk is small. It's different with people who like challenges or risks, the fluctuating price changes in the crypto ecosystem are a challenge that must be conquered.

Gold and bitcoin are both profitable, you can choose one or both, don't be easily influenced by others, dwyor.

Gold is a safe and easy option. That's why general population would rather choose gold. Bitcoin has far more potential but way more risky.

Both are good for investment but i think cryptocurrency have some risk.Because,cryptocurrency up and down every second and gold price is stable every day.

Gold will eventually loose just because of abundence of it when space mining will be actualized. But it does not mean that BTC is better option, thought for next 10 years, better bet on BTC.

Bitcoin making a new case for digital Gold?

https://www.coingecko.com/en/coins/bitcoin/xau
1 BTC = 18 oz of Gold today
1 BTC = 0.5 oz of Gold in 2016

I think they both are good investment
Gold to me feels more long term stashed away
as for bitcoin, its both short and long term.

I am not sure whether we can directly compare 1 oz. of gold with 1 BTC, because the units are different. Why not 1 kg of gold vs 1 BTC? The only perfect comparison I could think about it between the market cap of gold, and that of BTC. And it looks like BTC is a long way behind gold. But the good news is that Bitcoin is catching up pretty fast.

What about this?

January 2017:  Market cap of gold = 400x that of BTC
January 2021: Market cap of gold = 17x that of BTC

No doubt the popularity of BTC is growing year by year. Those who do not like to take risks will keep investing in Gold because of physical storage and on the other hand, those who love to take risks are investing in Btc and now I believe many investors are moving to BTC due to the recent movements and this increase the trust of investors.

BTC is the best investment for now, even I personally prefer to invest in BTC rather than gold, that's because investing in BTC can give me a big profit quickly, whereas if I invest in gold then of course I will need a long time to get profit, because the price of gold increases very slowly compared to the price of BTC, therefore I prefer to invest in BTC rather than gold.

At least it's exchangeable at will. Try doing the same with physical gold.

For many people this is a huge problem. If you don't live in a big city you may find yourself in a bit of a problem when you have to travel to be able to sell your gold. You won't even be able to visit the dealer just like that because most of them don't hold so much cash so you have to set up a meeting, then go there with your gold and go back home with cash or wait for them to send money to your bank.

With bitcoin it can be as easy as 15 min to sent coins via a bitcoin ATM and hold cash in your hand.

But in my opinion many gold investors are now starting to switch to bitcoin because just looking at the price can protect their assets, and when that happens traders only need to shoot prices because there will be many bitcoin buyers.

Protect asset: both gold and bitcoin are considered as means for asset storage. They are all volatile but the volatility of bitcoin is higher than gold's.

At current price and past few months growth of bitcoin and gold, gold temporarily is safer than bitcoin to protect your asset. In a different aspect, profit earning, bitcoin is better than gold. People are investing more capital into bitcoin in recent months because of this and after they witness a massive investments from institutes. Institutional bubble or not, I don't know and only can give answer this. In belief, it is not a bubble.

R. Kiyosaki, the author of the best-seller book "Rich Dad, Poor Dad" wrote on Twitter that he believe bitcoin, gold and silver are best to invest in coming years.

ROI of BTC is greater than ROI of GOLD.But Gold market is so old than the BTC.Total market cap of Gold is 10T but Bitcoin is still touching 1T,Do you think what will be BTC when its market will be 10T.

 :)Gold and Bitcoin, both of which have limited amounts, are naturally anti-inflationary. Generally speaking, the economic crisis will cause gold to skyrocket. After the subprime mortgage crisis in the United States, from 2008 to 2011, gold rose from 680 US dollars to 1920 US dollars, nearly three times. And what about Bitcoin? It is very convenient to purchase and transfer, and it will be halved again this year. Although the current price fluctuates sharply, it is promising in the long run. Moreover, the consensus on Bitcoin continues to strengthen, gradually moving from a niche to the general public. Financial institutions in the United States are also constantly improving Bitcoin-related financial derivatives, paving the way for the entry of traditional institutions. I am optimistic about Bitcoin for a long time.

That will be the case with most of the successful new assets. Bitcoin has been in existence for only 12 years and therefore during the early days the ROI from Bitcoin will be greater when compared to more traditional assets. On the other hand, gold has been used by humans as a precious commodity for thousands of years. Therefore any potential gains would be more moderate in nature.

Bitcoin and Gold both are good in terms of profit and can return high profit but Gold is stable and BTC is not. In terms of profit returns BTC returs 10X more profit as compared to Gold but the risks are also high.

^ everyday Bitcoin enthusiasts continue to rise, it can be said that Bitcoin is heading to the there ^{[market cap 10T]}. There are still two types of investors in the market, some like risk and some don't like risk and are more comfortable playing it safe. those who like risk and want to earn faster will definitely choose Bitcoin, but for those who don't really like risk, they will definitely buy gold as their investment.

the right opinion you say, that bitcoin is almost the same as trading forex or stocks completely different from trading gold.
but indeed both are investments the only difference is the risk factor as you say.

gold is real shape and tangible, so people still love to make gold investment as well as jewelry that can be used to sweeten one's appearance. not with bitcoin, it is formless and full of risks. but behind this risk there is a very promising profit that will be obtained but it can also be detrimental because we are not careful and do the wrong analysis, it is inversely proportional to gold which is a relatively small risk of loss and profit.

I do not want to argue, but our whole world is mathematical and in any area you can find similarities and parallels. Maybe I'm wrong, but such a chart can be found in any cryptocurrency, and you can find a suitable chart.

Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.

The only downside with gold is that you have to pay for storage and insurance but your investment is secured unlike bitcoin that relies on whether the owner is a stupid person that loses the keys and you are still guaranteed a return of investment in the long term, the advantage and disadvantage of bitcoin is its volatility, you will never know what you will get and most of the time, those who trust bitcoin gets big returns, it is up to the individual on how they are going to use that volatility.

Since the identification of btc hodling as a good way to invest your money, investors all around the world habe been venturing into the prospects. With the high liquidity in the market, everyone wants to be a part of it. Many even consider and see bitcoin as the new gold, the new digital gold.

Gold offers a kind of security for the simple and not risky people. He can touch it and it shines beautifully, is heavy. So you have the feeling of having something valuable.


The cryptocurrency market is more volatile because there aren't that many people who are invested there compared to the gold market.


The acceptance for cryptocurrency and Bitcoin will increase, or it will hopefully increase even more this year. Compared to gold, you don't have to that much space for Bitcoin to own a large sum. You don't have to store the gold and you don't have to spend a lot of time sending your coins globally.

choose bitcoin or gold is equally good, I choose gold for future investments in the long term because my capital is limited if my bitcoin is not enough money.

In my personal experience, financial advisors seem to be quite fickle when it comes to using gold in a portfolio.

One minute they think it's the greatest, next minute they think it's old school.

I reckon a lot of them will jump at the chance to buy bitcoin when they can buy little chunks of it in an ETF.

But trust me... they will be fickle about bitcoin too, so let the gold vs bitcoin fickleness begin :)

No, From my point, Bitcoin won't affect the gold value. The Purpose of bitcoin is being used for long-term investment and Crypto Exchange.

I see it having an impact but does the level of influence really matter, since the current situation is that almost every market in every sector I see is rising, not just bitcoin. If you pay attention, gold, stocks, ... are all increasing, showing that the trend of many people is to use money to invest in different financial markets. At this stage they will have little effect in the way that it decreases and everything goes down, or it increases and everything increases. I think the two markets are independent, and they have mutual financial links rather than interactions.

There are some difference between gold and bitcoin that make them very different. For example gold is material thing and bitcoin is immaterial,  the physical form of gold is not only has high value but also useful. Gold usually used as jewelry too. So bitcoin will not affect gold too much, there are many demand for gold forever so the price of gold will keep increase. But for now I prefer like to invest in bitcoin rather than gold since this market condition is very good.

the two are clearly different but I agree that they can work together to complement each other as fellow investments. bitcoin is certainly an unpredictable investment, but based on existing experience, it can be analyzed when there will be an increase, as now is the time for bitcoin investment to be happy.

about the risk it is clear that bitcoin has a high risk and little gold, but the resulting benefits also differ according to the risk it carries. but gold has the advantage that it can be used for some people, it is often used as an accessory and an appearance that shows one's identity, while bitcoin is formless.

i don't think this topic about btc vs gold is still debatable issue.
if a finance company like jp morgan said it, then it's true. big or small, bitcoin are giving some effects to people on how they could invest their money. it doesn't matter if many people skeptical about bitcoin, but for sure it rocks the world of investments.
but the most important thing is, the price of gold can be down not because the value of gold is down, it's just because people might move their money to bitcoin because they think they can earn more profit in short time.

Continued gold production, which is likely to increase in the coming years, is in stark contrast to BTC's fixed supply. As we know, Bitcoin is designed to have a fixed supply of 21 million units.

This fact as well the direct influence related to political decisions of the United States, the Federal Reserve and others is becoming more and more noticeable, and this will affect the desire of buyers for the precious metal, in my opinion.

I have a strong fomo chart for you here.

In Germany there is also a social media trend #ichbinbitcoiner where many people compare gold with bitcoin. and everyone is positive and one politician thinks that it is an attack on the fiat system. i think it is the attack on valuables like gold. Gold is no longer believed to be a valuable investment for young and innovative people. Unfortunately, gold is something for the conservative.

https://i.ibb.co/2qHDBvb/9-B13134-E-0374-483-E-BD7-A-B99360-C01407.jpg (https://ibb.co/4W36x8Q)

Bitcoins and gold both compliment each other, Bitcoins provide unpredictable growth with high potential which is perfectly suitable for long term investment but its highly risky since it can crash anytime without any knowing. On the other side, Gold seems not to do much most of the time in term of increasing but it gives you safety and security and reduces the risk of getting stolen.

I do not accept this.
What has gold got to do with bitcoin?
People should evaluate the market themselves, bro!
When gold is a physical thing, what does it have to do with a virtual thing?

Bitcoin and Gold is two different way her uses or something. People buy gold for showcase but bitcoin buy for earning. So i think bitcoin can not affected gold market.

And gold isn’t even anywhere near bitcoin in terms of portability, scarcity, divisibility and security.... what we are about to experience in coming 10 years as regards to bitcoin price and ecosystem is going to defy any logic humanity has ever seen.

Gold has its own advantages. The factors that you have mentioned (such as portability and divisibility) are not among the merits of gold. Gold is in use for many thousands of years and it is accepted all over the world. However, if you are looking for a semi-liquid asset that can be easily transferred, then gold is not the suitable candidate. However in terms of scarcity, gold is similar to Bitcoin. Easily extractable reserves of gold are already exhausted and now it needs to be mined from less-profitable deposits. That means that the cost of production will go up in due course of time. In theory, mining of gold and Bitcoin mining are very similar.

Bitcoin is getting more expensive and became more popular in the entire world and yes it's a serious things that can effects its price that why more people invested their money there to make money, and that the reason why there are some people in this world says bitcoin price will defeat the price of gold.

Gold is hard to use to pay your bills but using bitcoin you can transact in all over the world without any trouble.

In the original sense, digitization refers to the conversion of analog values into digital formats. The term digitization also stands for the digital revolution or digital transformation.

Even if Bitcoin has become socially acceptable on Wall Street and hedge funds, family offices, foundations and pension administrators want to participate in the boom through investments in special crypto funds, we have not yet broken through the conservative structures. Judgment by Janet Yellen: The US Treasury Secretary sees Bitcoin as a "highly speculative asset" that is mainly used for illegal activities.
Either you want to protect yourself and you are afraid that many are cursing BTC, or she did not understand it.

https://i.ibb.co/nfswvGd/123.jpg (https://ibb.co/Y87NMCn)

Because of the increase of the popularity of Bitcoin in the recent month, Bitcoin really affect the gold market
Companies and investor are starting to invest some in Bitcoin instead of going all-in on gold because BTC is kinda new and fresh
some people invest in gold for Wealth protection and financial exchange and bitcoin is better in these terms
The investor already discover it and will try it for now until they trust and feel secured
in the past few months it only affects a little, but in the long term when investor start to trust bitcoin
it might really affect the gold market big time

It should be noted that due to the pandemic many investors who have been believers in the stock market, forex, gold have seen bitcoin as a safe haven, some investors have not doubted it, they prefer to invest in bitcoin because it is giving profits quickly. It should be noted that gold has much more history than Bitcoin, but this is like comparing which is better if Bitcoin or Fiat money? Both are needed, both have analogous purposes, they represent money, I think that Gold will always maintain its value, it will be seen as one of the main precious metals with the most value in the world, but Bitcoin represents technology, future, value ...

Is what you say can be true that with the increase in bitcoin affecting the gold market, I can believe it but there is also doubt because there is no direct relationship that causes gold and bitcoin to be connected directly as well as the relationship between bitcoin and the circulation of $ US.

After @elonmusk's tweet last year, I really believe that many large companies have started to shift their investment, which has been possible to foreign exchange, shares to bitcoin because bitcoin has been more profitable than both. so that not only companies, but brokers also flocked to buy bitcoin, so that the scarcity of bitcoin made the price of bitcoin unstoppable.

gold is only profitable to be used as an investment because the risk is very small compared to bitcoin, but the benefits are inversely proportional because bitcoin is very profitable.
gold is more used as an investment because it only shows one's identity because it is more in the form of accessories for the body, bracelets, necklaces, rings, etc.

Bitcoin is a very profitable currency for investing where there is no gold near bitcoin the risk is low but not as profitable as bitcoin can be used for gold by gaining profit gold is much needed externally. Bitcoin's price is not comparable to gold bitcoin is kept secret for use,so it is protected from gold.

I'm thinking the same thing. For me Bitcoin has really not affected yet the Gold big time. Gold is as what it is. We Bitcoin users just sell our holdings so that we may use our assets in our daily lives especially if we use it on the market that accepts fiat currencies, because for now we really cannot pay with bitcoin in normal stores and merchants. Two currencies are different and they are revolving in two different systems, so I think there's no significant effect between the two.

Bitcoin is digital gold and that means it's faster. I can move it to a thousand places in seconds. He is stronger. I can pawn a hundred million dollars for three hours in Japan on a Saturday afternoon.

Considering the fact that Bitcoin is an infinitely hard commodity while gold can be produced by people with sufficient motivation, I realized that in the long run, Bitcoin is a harder commodity than gold.

The fact is that when trading gold, a trader does not carry metal with buckets from seller to buyer, but also operates with numbers in the market. In addition, today Bitcoin is mostly used as a speculative asset, while gold for many is a real storage. Undoubtedly in the future, Bitcoin will also achieve the same capabilities, but today the differences between Bitcoin and gold are significant.

In general, gold has various uses in the real world as a medium of exchange as well as jewelry. Gold is also widely traded and accepted among the rest of the world as a valuable asset, the level of confidence in gold may be much higher than that of bitcoin but the two are different asset. The innovation of bitcoin offers something different from gold, and this has taken bitcoin one step further as a means of payment in the modern era. These two asset are different, but have the same currency properties.

This is the point that makes all the difference between the two. Bitcoin has value today due to it's use, intangible nature and the fact that, we can use it in transacting around the globe with little or no complications. Again, it's limited supply has made people attach a worth to it as a save of value being a rare commodity. This is the same function for which gold assumes and now, it's got a better competition in bitcoin and bitcoin is doing great so yeah, the gold market would certainly be affected but, slightly.

Economically bitcoin would be higest price then gold.
After All golds are using by jwelery.
Golds are favourite to womans and bitcoin to us. The future helds on bitcoin. 

So If u are just wants to compare the prices it should btc is one step ahead. But think about gold also 🙃

There have been many articles comparing BTC and GOLD, both of which have advantages and disadvantages. Both are very good for investment,
but if we look at the current performance of Bitcoin, I will without doubt prefer Bitcoin over Gold. For me Bitcoin is better than Gold, because I did
invest in both of them, and it turns out that the profit I made was bigger than I got from Bitcoin. Even though I think Bitcoin is more profitable
than Gold, that doesn't mean investing in Gold is bad. I just see Bitcoin can make people get rich quicker.

You guys compare a lot with the value but the price of Bitcoin or gold doesn't matter. It's not something you should focus on to compare BTC vs XAU.

They both have pros and cons and that's what you should use if you really want to compare both. Comparing the performance of each is irrelevant too. Gold is a store of value while Bitcoin is just used to speculate. People buying gold aren't really looking to make a profit but rather to protect their capital. While people buy BTC purely to make a profit.

People arguments that with Bitcoin you can send money quickly while not with Gold. It can be true, but why that matter to you? You don't spend bitcoins, you make a transaction twice a year and nothing else.

If the financial system collapse in the future (and it will happen) do you think people will accept gold or BTC? Your BTC won't help you much


I bet you're from India. I can tell you that we don't have the same culture depending on where we live. So while it's true in India the women and gold it's not the same in other countries

The people who like to store Gold. Now they prefer BTC and cryptocurrency. They have found much potential in trading, stalking, or mining bitcoin. The gold business is not so fast as bitcoin. Second thing is that for the gold trade, there needs a lot of money but the bitcoin business can be started with low money.BTC business is for all kinds of classes including the rich, middle class, and poor.BTC business is popular in all ages of life but gold business has not such kind of quality.

No friend, Nowadays many Women like Bitcoin becouse now they know about bitcoin, actually every smart person now know about bitcoin's advantage, so it is not acceptable that Women like Gold and Bitcoin only for us.       

Give me one single source saying people who used to hold gold have now turned to cryptocurrencies?
Argument your claim with data and not a blog post from someone living in a bubble.


People investing in gold are not looking to trade, otherwise, they would have invested somewhere else like stocks. You don't really trade with gold and they knew it before jumping it. You don't make tons of transactions like you do with cryptos jumping from on shitcoin to another.

 
Fast in what manner? Rising price? It's 2 different assets, with each different purpose, so it's something normal. You don't compare apples and oranges. It's like comparing Tesla stocks with rice's price.
Fast in the mass adoption? OMG, you're born thousands of years late. FYI, gold was centuries ago, THE money.


That's not even true, you don't know anything about it. Stop talking nonsense. You can invest in gold with $10
Can you do it with BTC. Not really, and if you do, with the TX fee, you're already losing a percentage in the value.


Gold too. Then what?


That's a lie. You watch to much Netflix


Statistically, gold is much more popular than Bitcoin. Mathematics never lies.

Bitcoin brings more benefits to investors and can make profits in the short term. And compared to gold, Bitcoin is easier to store and convenient to trade. With the popularity and use of cryptocurrency, Bitcoin will become the choice of more investors.

If we compare about investing between gold and bitcoin understand the risk, I mean if you want low risk and low return, use gold.
and if you want high risk and high reward, use Bitcoin.
for example, if you invest $3,000 in Gold, you can earn $5,000-$6,000 if all goes well or $1,000 if not.
and if you invest $3,000 into Bitcoin you can get $100,000-$150,000 from it and that is if all goes well or $0 if not.
if we discuss the advantages and disadvantages of both the answer will remain the same, because this topic is often there.

Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.

Bitcoin investment is not too easy to make money like Gold investment where you can invest with a little capital or request a loan from the bank to invest and start making progress instantly in the community. Bitcoin is unpredictable which you can never know when it will pump for you to start earning from your investment or dumping for you to avoid loss in the market. Many gold investors swatch to bitcoin investment during pandemic that was causing many challenges to the world economy and to other centralized currency which was giving bitcoin a massive pumping to prove to the world,The purpose it was created.

Before I got to know bitcoin then I had invested in gold and to this day I have some that I still keep and use every day. Bitcoin and gold are two different things but both can be used for profitable investment asset for years.

Bitcoin is increasingly being used as a mean of payment where nowadays bitcoin has real uses as a currency. It is a decentralized currency that sets it apart from gold. bitcoin offers a different kind of financial innovation while gold has established itself as one of the most sought after assets thousands of years ago until now. I have gold and I also have bitcoins, so I have no problem having both at the same time. Honestly I've never used gold like currency, but I've used bitcoin to buy things since I got to know it.

There is no denying that the intention to use bitcoin for payment is increasing massively but the intention is probably more than fact, more precise, too many assumptions and chances of use but there are no official numbers or reports of this use, although there are few countries exception for usage but users don't have the payment experience as you mentioned, perhaps the currency is just a fictional assumption as well as an illusion of the value of bitcoin. Gold has no such fiction, its very sincere nature makes it less volatile and difficult compared to bitcoin but nonfiction allows it to remain unchanged over time

The recent ATH of Bitcoin has really changed a lot. Media is another reason taking this news to every Investors from different market. Mainly those who were into trading on stock markets, have turned to Bitcoin and crypto currencies with unusual size of amount. Bitcoin proved everyone that long term investment would yield a huge profit when comparing to gold return. Hence almost the large investors / whales are looking upon Bitcoin.

people find how dangerous bitcoin affect the other thing, like investment. people attract with big 'boom' than the small one.
what i believe is, im sure that crypto affect the other part of this world, and in the middle of our life, it will be great thing to have, but gold will be there until the end of time. the point is, they will shock the other but gold will last forever

Bitcoin doesn't really affect gold because of different markets and of course different investment strategies. the price of gold looks more stable suitable for storing wealth while bitcoin in my opinion is the most popular investment now because the price can rise significantly in just a few months

i think yes, it will impact gold market.

just like as he said. gold has some different usecase than bitcoin.
jewelry market already exist for more than thousand years

It does affect gold in that Bitcoin draws away attention from gold as one major investment alternative. I have no statistics at hand right now, but I can imagine that people who decided to buy some gold 12 years ago now rather look into cryptocurrencies and invest their money there. Crypto definitely drew attention away from long established investment markets.

Gold is a good way to hedge against inflation but it does not have the growth potential of bitcoin, its digital counterpart. I am glad I sold most of my gold and bought crypto years ago - it paid off. So I take Peter Schiff and gold bugs like him less seriously now - though he may have a good point now and then.

BTC is gold in Cryptocurrency because it is expensive. And their are many similarities in BTC and gold. Both price can dip or pump any time. Both are expensive.

gold has a lower level of risk than bitcoin, but bitcoin's growth is indeed better, but bitcoin fluctuations are indeed higher, therefore as individuals we just have to choose which one, after knowing the characteristics of both. because in my opinion both are good investment places

Gold and bitcoin share similarities in terms of economic “state” effects, although the fundamental differences in the nature and value of each are fairly obvious.  Today, gold is becoming increasingly popular as a less capital-intensive speculation with familiar jewelry needs, but that does not guarantee the future will continue to be.  Bitcoin is becoming more and more diversified towards a larger store of value.  Bitcoin will be better in the future so it's just a matter of planning and fitting from one's point of view.  Most of my assets are not gold.

I do think that the bitcoin market is going to take a huge share away from the gold market. A lot of the big investors in the gold market are likely going to start shifting to Bitcoin now that it has become a trend. And I don’t think that there is anyone, especially the big institutions, that would like to miss this kind of opportunity. Most of them are now investing their money in Bitcoin.

Every time, since the start of this year, we have been seeing news of big institutions investing money in Bitcoin, and there are even a lot of them that we are yet to know about. But that doesn’t mean that gold is not still a good investment, gold is still going to continue being a good investment for a lot of people, but Bitcoin might surpass it in the future.

BTC is affecting the gold popularity among people.
Before the introduction of bitcoin people used to buy gold and then save it for further use.  They save it and wait for the increase of its price and the sale it on a big profit. But the difficulty was faced by them when they need to find someone to buy the gold when it's on a high price. No one wants to buy gold when it's on a high price. So they faced difficulty during its selling.
Secondly there were chances of robbery.
In case of bitcoin these problems are solved as there are exchanges available for selling bitcoin even at high price and no one can steal it until hackers get access to your account.

you have a good choice. but I prefer both. some bitcoin investments for the long term. and trade altcoins daily. profit from trading, usually I share to add to my BTC assets, and some I will withdraw for daily needs. if the moment is not good to enter on BTC, I prefer to withdraw profit and increase my gold asset collection.
but all that I do if I'm not tempted to spend it on soccer betting (my bad habit).

Gold will suffer because of bitcoin. Both are a store of value.  But bitcoin goes up. So many big financial groups are turning to bitcoin. Instead of gold. That's why gold isn't going up. But bitcoin will and still serves as a store of value. And cryptos are going  mainstream.