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HabBear (OP)
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February 11, 2017, 09:52:34 PM |
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As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021. Any of you want to speculate on when bitcoin will surpass the price as gold? Commodity prices for reference: http://finance.yahoo.com/commoditiesWith each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency. |
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No Gods or Kings. Only Bitcoin
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JimboToronto
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February 11, 2017, 09:59:06 PM |
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As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021. Any of you want to speculate on when bitcoin will surpass the price as gold? Commodity prices for reference: http://finance.yahoo.com/commoditiesWith each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency. There's already a thread dedicated to this. https://bitcointalk.org/index.php?topic=1776981.0It's also been beaten to death in the Wall Observer. Be prepared to be flamed for arbitrarily choosing a troy ounce as the default gold unit.  |
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HabBear (OP)
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February 11, 2017, 10:56:42 PM |
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Jimbo, thanks for sharing the other thread. I didn't know one existed.
It's really funny that people are bitching about the unit size of gold as a comparison. The Troy Oz is the most recognized unit of measure for gold as an investment. I suppose the alternative is grams? I'd love to find out what the argument against Oz is.
Locking thread.
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aardvark15
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February 11, 2017, 11:46:01 PM |
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It's hard to say because people could shift to gold for some of the same reasons that they would shift to Bitcoin (from stock, bonds, etc.). I think Bitcoin does have more potential to increase more just because there is a limited supply. It could take a few years though.
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SvenBomvolen
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February 12, 2017, 12:39:53 AM |
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The price for gold is growing much slower than for bitcoin's price> so bitcoin will cross gold's price very soon, maybe this or second month already. Bitcoin and gold have many things in common and i think that the high price is going to be something common as well.
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leowonderful
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February 12, 2017, 01:11:48 AM |
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Nobody knows. Bitcoin's price doesn't grow linearly (those people talking about only 700-800 at the end of 2016 were very wrong because of that!), and neither does gold's. My best guess is it'll take four or five years for it to finally surpass gold, but in reality bitcoin could surpass it tomorrow, even though the odds of that happening are low.
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Wolf Rainer
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February 12, 2017, 01:15:19 AM |
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Dont expect this to happend before the end of the year. By now theres a lot of water going under the bridge, the Chineses are playing with that big issue of not being able to withdraw bitcoins. After that thing is solved, then maybe we can surpass the gold price if the global media helps with a lot of news of bitcoin hitting it ATH.
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iqlimasyadiqa
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February 12, 2017, 01:51:05 AM |
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The price for gold is growing much slower than for bitcoin's price> so bitcoin will cross gold's price very soon, maybe this or second month already. Bitcoin and gold have many things in common and i think that the high price is going to be something common as well.
I agree with you . development and bitcoin price movements much faster than gold. gold and bitcoin can be used as a profitable investment. but for me to invest with bitcoin is much more profitable than investing in gold. we have to look at in terms of where to compare a gold and also one Bitcoin.  |
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RoommateAgreement
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February 12, 2017, 04:15:33 AM |
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it really doesn't matter much if bitcoin price and gold come to parity or whatever. it is just a number.
the important thing about price of bitcoin is how it is changing, and so far bitcoin has been rising and being profitable but gold has not been even remotely profitable as bitcoin. and there will be no way gold can be as profitable.
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Buying the dip...
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n0ne
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February 12, 2017, 04:25:24 AM |
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it really doesn't matter much if bitcoin price and gold come to parity or whatever. it is just a number.
the important thing about price of bitcoin is how it is changing, and so far bitcoin has been rising and being profitable but gold has not been even remotely profitable as bitcoin. and there will be no way gold can be as profitable.
Though these were just numbers, it has values. Gold has got a increased price compared to bitcoin based on the quote from Op. The profit earned with bitcoin is higher than gold, because gold has a stable price which gives a guaranteed profit after a long term but with bitcoin the same can be earned even in a weeks time as the price variation happens often. |
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Juggy777
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February 12, 2017, 04:28:05 AM |
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I feel it shall outdate gold very soon not only in price comparison but also as a saving tool. People prefer gold cause it's gives you a good return and good price but I feel over the years it's to stagnant. Look at Bitcoin it goes up and comes down. Gives you a chance to get in and make some money. I would and I actually dp suggest people to get into Bitcoins. As a financial planner I have asked my clients to move 5-10% of their corpus in Bitcoins and they are loving it. Gold for me is a thing of the past, no point now investing in it.
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cakravothy
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February 12, 2017, 07:04:44 PM |
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gold price incraese constant although onlye few incraese price
bitcoin very high incraese but fluctuative price sometime down price is crash, if nothing crash bitcoin price can easy above to gold price , but is imposible bitcoin not down price always incraese
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icecube45
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February 13, 2017, 07:23:11 AM |
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Yes indeed now bitcoin have been considered because it has almost the same price as gold. It proved there are many people who previously use gold became interested in bitcoin. But it requires a fairly long time for bitcoin prices could surpass gold prices, even bitcoin prices could fall at any time so it is not permanent. Need a little more development so that it can happen, and I'm sure one day bitcoin will be better than gold. And I agree with you that bitcoin is more suitable for investment in the future.
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Leonard2016
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February 13, 2017, 08:51:54 AM |
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if people start finding out about bitcoin more, and if the FUD stops spreading by idiots who spam everywhere, then bitcoin price can easily go much higher, surpassing Gold price.
and soo nwe will be talking about when price of bitcoin surpasses price of 1 ton of Gold not an ounce!
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Denker
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February 13, 2017, 09:05:50 AM |
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if people start finding out about bitcoin more, and if the FUD stops spreading by idiots who spam everywhere, then bitcoin price can easily go much higher, surpassing Gold price.
and soo nwe will be talking about when price of bitcoin surpasses price of 1 ton of Gold not an ounce!
FUD will only stopped getting spread when participants in the market would learn to ignore that. But in the history of trading and investing this never happened.There will always be people believing even the dumbest shit. Therefore FUD will exist forever and be used to influence the market. |
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Vaccinus
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February 13, 2017, 11:22:33 AM |
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bitcoin has surpassed gold in the past and the last pump wasn't $1160 or more? they had almost the same price but their marketcap is very different gold is a monther there bitcoin still too small, i would look at that more gold price incraese constant although onlye few incraese price
bitcoin very high incraese but fluctuative price sometime down price is crash, if nothing crash bitcoin price can easy above to gold price , but is imposible bitcoin not down price always incraese
gold price do not increase costantly, it was below 1000 not long time ago and it has recovered to above $1000 after few months, now it's stagnant |
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naidray
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February 13, 2017, 01:01:23 PM |
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BY what means, we are comparing 1 ounce gold prices with 1 bitcoin prices ?
It is just a physiological comparison as we are referring bitcoin as gold 2.0 or digital gold. There would be no logical relevance between these two.
Bitcoin is being predicted to have more demand in near future whereas bitcoin demand may remain same. Hence bitcoin will be having prices in millions but hardly in next 5 years gold may reach $1500 or $2000 levels.
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Zadicar
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February 13, 2017, 01:13:13 PM |
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Bitcoin might surpass golds value but regarding volume i could say bitcoin wont stand a chance in my own opinion. Gold price is somehow stable as of these days which we could able to see that its also a good investment it may fluctuate but a very very small amount unlike bitcoins price movement.
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swogerino
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February 13, 2017, 01:19:49 PM |
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Gold is a physical valuable object while bitcoin isn't judged on it's value in this way. So I don't see how they can be compared in this way.  |
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Idrisu
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February 14, 2017, 07:35:22 AM |
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Comparing bitcoin and gold is as comparing dollar and gold. Bitcoin is is a crypto currencies were as gold is physical commodity. In terms of value I think bitcoin several times has surpass the price of gold and when bitcoin got to the level gold is today in terms of age then expect it price to be millions ahead of gold. We should know now that bitcoin is the new brides of investors.
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