Brexit: Gold Might be a Better Bet Than BTC for a While

[OROBTC]

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"... for a While"

And gold HAS been doing better than BTC since the Brexit results came in early Friday morning (US ET), last I looked gold was up some $9.00 in Asian trading tonight, while BTC is down.

It looks like The Fear Trade is to buy gold.  BTC has not moved much either direction since then.

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[Pab]

Bitcoin is after huge rally,btc is not safe heaven,gold is safe heaven
By the way,Will be voting in UK Parliment in Tuesday to repeat referendum
Hard to imagine that referendum will be repeated but it is possible

[HeroCat]

Fear can be for GBP with Brexit, not for gold. What Brexit will do with GBP, we willl see in the future. Gold always have some value in all countries. 

[n691309]

Many british people were not able to withdraw money as mentioned in the third posts here but I don't prefer to buy gold to escape this situation, bitcoin is much better and easier to manage them as it is digital asset instead of gold which is physically. Panic is everywhere even in bitcoin because of halving but hope this time will be good.

I would think it all depends on who had what connections during the Brexit, and those who knew people with ties to the precious metal distribution or mining industries could have potentially walked away with some gold or other precious metals before everything went down, but Bitcoin would have also been a relatively good investment, assuming that they had the money to go out and buy it at the time.

Who believed that they will quit EU, the percentage was really near to each other, but i think gold is mostly everywhere in GB but investing in bitcoin can be better because I think that because of brexit bitcoin price has been increased a bit and hope it will rise more.

Well man I agree with you. Investing in bitcoin for now might be better. I also hope that it will rise more this coming week.

I don't know if the number of people is keeping increasing but the price is dropping down for a few days now and if people get more interested in bitcoin means that they will buy and price normally would increase but i think that is not happening, seems that people are more interested in gold rather than in bitcoin.

[leopard2]

Everything in Britain is working as normal - we have our own currency, we control our own currency, we now are no longer part of the EU with it's mad ideas about confiscating people's savings via bail-ins (something Britain has never done in 1000 years of history).

Brexit has made Britain safer and your ordinary Brit isn't going to sell the blessed pound sterling for anything else.

Foreigners might panic though.

true, bonds that are under British law are much more secure than flimsy EU law (no collective action clause shit)

very possible that GBP survives the EUR

any fiat currency is a scamcoin but EUR is currently worst scamcoin, I wish the German Mark would still be around

---> we need EU referendums in EVERY FUCKING EU country 

[expert4knowledge]

Well bitcoin is better than gold for now for profit because of it's up and down price that is happening now. There's a big chance that one will profit from the current pump and dump. It might not be a safe haven for now but it is a good time to earn easy money on bitcoin.

Agree, if one person wants to do some investment and do not follow prices... for long term then gold may be better but there are some assumptions that bitcoin may increase very much.

[groll]

Yep gold has always been there.  It's been there since the times of gladiators and pyramid building.  People used it before as their money.  Even the bitcoin coin is made up of gold .  But seriously, you can have some investment to both.  Bitcoin shows a promising outcome if you want to have an investment.  It become popular nowadays.  If you are into investing try to have them both as these two gives promising income in investing.