Bitcoin Forum

One Bitcoin is now more expensive than a ounce of Gold! History people! Welcome to the future! Milestones in the making, We all have a part in shaping the future.

Great, if this continues maybe gold holders will start turning into Bitcoin holders. This is a milestone for bitcoin!
Also, we have established a new ATH and with some luck we won't have a large correction.

Good to have you on board.
This  is the beginning.
Lets connect.

Yay!!! History us here and I'm glad to be a Katy , the next target should be diamond as we keep soaring higher with Bitcoin. This is unprecedented and we are sitting tight on our coins.

We are people who are making bitcoin and it's history. We are one of first. Retail interest in precious metals declined, especially on the backdrop of the government pressure in East Asia. The use of Bitcoin by the Chinese is growing rapidly. I believe that we are experiencing a demographic shift from gold to Bitcoin as the main alternative investment.

Most people buy gold, because they want to diversify and as a safe haven/ for security. Basically keeping their wealth. Bitcoin is a more riskier thing and it is more of an investment.
So they are different. Both have in common, that they are not to easy to buy, but for the average person it will be even harder to get Bitcoin. This could change a bit with the ETF, but you are not holding Bitcoin buying the ETF. But some people also don't buy gold directly, so we will see i guess.
 

But spending BTC is going to be much easier than Gold.  What do you do with a 1 oz coin if you want to spend 75 dollars on something?  Gold is very inconvenient unless you deal in large amount transactions at once.  I fully believe that in the next few years we will see things bought and sold for a few satoshi's.  That is where BTC is so much better in the long run.  Plus, you can steal Gold much easier than BTC if the holder knows what he/she is doing.

I think bitcoin will break new records this year and after SEC approval we may see new hight.Lets celebrate people ;D

Yes that is true. Bitcoin officially surpasses the price of the Gold and i'm sure that is just the start of the price in moving up because that news can be a rocket fuel for our rocket(Bitcoin) to move up to the sky and go to the moon. Keep spreading positive things in bitcoin then just after a few weeks, we will reach 2000$.

This is great news, I am happy to be part of this bitcoin community and having bitcoins! haha

Let us be cautious here.  I do not want to be anti-climatic but this might become a bubble if SEC disapprove ETF.  The current price surge is because of the incoming event.  If ETF is rejected then possibly we will make another history such as the bubble burst of 2013.

I hope we look back 3 years from now and laugh at the days that $1200 excited us :D

"History is written by the victors"

--Winston Churchill

Come on, dont you know that bitcoin hit the price of almost $1900 in the past which is really still the bitcoin's record. Saying that, bitcoin really overpassed the price of gold a long time ago. And it did again, but bitcoin still not breaking his own record.

Comparing the price of one Bitcoin to the price of a certain mass of gold is pointless, so total bullshit.

The only comparison for "parity" that makes any sense is total market cap of both commodities.

Exactly.

For "parity" a BTC would need to be about 39,847 * 171,300,000 / 16,193,587 = $421,511

So not quite there yet.

Makes for some good publicity..

https://i.imgur.com/9RyesRo.png?1

Finally bitcoin making a history, but I don't know whether it will be stable at that price or it is going to fall down again, but I still happy to see bitcoin's price is as good as gold's price, hopefully with this good news it will bring more investor to invest in bitcoin and more shop will be interested to adopt bitcoin

If SEC , ETC and PBOC china autorized aprove bitcoin, bitcoin price can incraese very high go the moon and new record in bitcoin price
maybe bitcoin price can incraese until reach 1500 dollar

Ok step one is achieved! Bitcoin is now more expensive than one ounce of gold, but that is only one standard of gold.
Now we can wait until one bitcoin will worth more than one kilogram of gold, which is currently $39,770

yes this is very exciting. and it will start getting a lot more exciting when the news hits the media and it is filled with it, and that is the time when we start seeing some more real action on the market when the new investment comes in and the new money injected into the market increases the price in another big rally just after this one.

With bitcoin everything has got recorded in the history. Bitcoin as an innovation has made history with its multiple usage in various forms. Then with the increased price than any other currency made history. Now it's on the overcoming of gold price. Soon we'll have a great history based upon the ETF.

It's like that popular tagline:

"IMPOSSIBLE IS NOTHING"  ;D

We all also hope like that, could the Bitcoin is level with gold, in terms as investments like gold.
So that all people can trust that this Bitcoin is a real business or a great investment.

Yeah, no doubt. But bitcoin still have a lot of the problem on his technical network such as the scaling problem on bitcoin. and i think if it will get resolved and the bitcoin will continue to grow in the future.
A new history of bitcoin in this day. Good job bitcoin.

yes indeed bitcoin has making new history with passed through gold price but the big questions is would the price survive at those range because for me it would be useless after the price passed through gold but for next days the price dropped again

I don't know, it feels not so great when bitcoin has reached another ATH, maybe if this level could last until the end of the month and not fall down below $1000 again.
Yes, they should be buy bitcoin and ride this rally but I don't think gold holders will sell their gold in order to buy bitcoin. I agree that diversify is a good way to divide our wealth, not only gold but buy a Land for your future investment.

The gold holders not selling his gold to buy bitcoin because they are already have a sense of
confidence about gold, unlike the Bitcoin, people still have doubts or even don't trust this cryptocurrency
as a good future investment.

Bitcoin is a very risky and very lucrative investment as well.


Well, I think everyone knows that if in the next days the news is unpleasant the price will drop a lot

The people who are interested in technology might very well user bitcoin but not everyone will be interested in having a digital asset and so is the reason they are not selling their gold bullions for bitcoin and you must not sell anything to buy any asset which you are not sure.People who are interested in it are having a good profit and the price is soaring to new boundaries and breaking more records.

Yes now bitcoin is more valuable than gold, it is hard to believe but it has happened. I am among those who say gold is better than bitcoin, but now the reality has proven that bitcoin is better than gold. I think with more valuable the bitcoin now, it will make more people start using bitcoin (even those who previously use gold now moved to bitcoin), so a rise in bitcoin will continue to happen very long. It looks like $ 2,000 / bitcoin will really happen this year.

I think it's just the beginning, because after few years when price will reach $10000 or more it will not matter whether we bought at $1200 or $2000 at that time. Bitcoin already proved itself and we are all enjoying the current rally. I'm very excited and curious to know what will happen after 2-3 years  ;D

We'll wait there will be surprises in this March 11, the announcement of the SEC in the US,
whether the ETF application is accepted or rejected, if accepted means Bitcoin can enter exchange
officially in US. If the entered stock in US, that mean trading volume would soaring could be 100x from now. We must see and wait.

History has already been created when the price of Bitcoins passed away Gold behind. I have been watching TV all day long here in India, and most news channels are just admiring the merits of Bitcoins by saying that how a small thing became a way of monetary medium for people to transact money at the lowest fee.

Thats right we all making history atm, you must be feeling privileged to be part off this.

One day! It gonna be more expensive than my house :) Just jk lel

Anyhow yeah, theres previous thread asking on whether bitcoin or gold is a better investment and right now btc proven to be a valid investment :)

If ETF is approved then Bitcoin go up more than double value. If not approved then maybe a small retrace and then we still go up.

It's been 2 days since this thread and Bitcoin is still ahead of gold. I thought this was just a very short spike, but perhaps it'll become the new normal.

glad to see that bitcoin is more expensive than gold and yes its a new history for bitcoiner user but i think we still need more time to make sure the price is more high than gold. the journey is not end and i think its only a new beginning for bitcoin itself and we will be in high price later.

While this is great for publicity, in reality it's an arbitrary figure because the actual market cap of Bitcoin is several times lower than that of gold. 

What needs to happen is that Bitcoin needs to be viewed as a legitimate and stable asset, if people's aim is for it to achieve the same legitimacy as gold.  Rapid fluctuations in price which temporarily rise over gold are not the way to do this and the most wealthy investors will also probably not think so.

In my view Bitcoin needs to remain a grassroots currency for use from ordinary peopleand not be solely hoarded because it has great opportunity as what it actually is, not just as something which rises in value.

From Febrarury first week onwards bitcoin value is started spiking after christmas spike and still it get increase continuously. We are better than any stock in the world now. Many adoption for blockchain technology nowdays and many companies are started implementing crypto programming to make more security to their businesses.

That's what goldbugs don't get. Gold is absolutely useless in the digital era. Who the hell wants to hold some stupid gold coins in 2017? I mean what is the point in any case? We live in a globalized world, a global economy, the internet is the biggest business, you can't think in local terms anymore, and bitcoin is the best way to make payments across the planet. Gold is only useful if you live in an isolated village with no internet and out of the civilization or something.

Gold might be useless in the digital era but it's been around way longer than Bitcoin has. I'm sure Gold will be around for a very long time. There are still tons of miners out there mining for gold. Who knows how much Gold there is to find.

Unlike with bitcoin, there's only a certain amount of Bitcoins to mine.