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Author Topic: Will BTC overtake gold this month ?  (Read 5139 times)
Calangaman
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February 23, 2017, 12:50:56 PM
 #1

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !
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February 23, 2017, 12:57:34 PM
 #2

Possible. Because the price of bitcoin has increasing last couple of weeks because a lot of speculation regarding SEC decision on Bitcoin ETF. We are hoping that it will be approved so that we can see a good price on bitcoin up to the end of year, likely like in the 1500-2000 USD. But if not approved, then the price of gold should be higher than bitcoin I think.
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February 23, 2017, 01:23:03 PM
 #3

already in a short time it had jumped from bout $700 to $1000 and there is almost no change of further hike in its value because $300 is not a small increment. Hope so within 6 more months we will have more hike in its value.
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February 23, 2017, 01:31:44 PM
 #4

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

As of the the moment, we still don't know what will happen in the next day, next week or next month. But As you can see for what is happening now there is a fast improving of the price value of bitcoin. Now its more than 1100$ almost the value of Bitcoin now, So I think it can be and possible to achieve.


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February 23, 2017, 01:35:42 PM
 #5

already bitcoin had overtaken gold long back 10 months or so I think and now we have digital gold that is bitcoin and if we could stick to the technology then definitely within few years we will become the nest millionaire because its digital gold and its demand will make its price go up.


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February 23, 2017, 01:39:27 PM
 #6

we will find new users for bitcoin users in the future, at least the increased demand will drive the price of bitcoin could exceed $ 10k in 1 or 2 years ahead

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February 23, 2017, 01:40:00 PM
 #7

This month? Maybe, Maybe not. I would expect that to be the case within 6 months though.
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February 23, 2017, 01:41:05 PM
 #8

Could happen, it wouldn't be surprise and I think it has already happen before. Bitcoin price is climbing up and the current difference in price is not too big. Maybe it will not overtake it already in March and some minor price corrections are also possible for Bitcoin but within the month or two Bitcoin will become the new gold.

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February 23, 2017, 01:48:27 PM
 #9

Could happen, it wouldn't be surprise and I think it has already happen before. Bitcoin price is climbing up and the current difference in price is not too big. Maybe it will not overtake it already in March and some minor price corrections are also possible for Bitcoin but within the month or two Bitcoin will become the new gold.

Right now their wont be major correction in bitcoin price until we dont get any detail about bitcoin getting added in ETF or not because this hike is the reason behind suggestion of adding bitcoin to ETF if it gets confirmed then we can see 50% hike of rate immediately if not opp can happen like 50% correction in price.

As the rate of Bitcoin is rising same time Gold price is also rising, so it will take some time to take over gold price in the market

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February 23, 2017, 01:53:54 PM
 #10

This month? Maybe, Maybe not. I would expect that to be the case within six months, though.
I do agree so. Bitcoin can not increase anymore since investors can sell their Bitcoin anytime and cause the another panic selling which affects the prices of bitcoin. As you can see, exchanges in China have locked most of the investors' accounts and do not let them withdraw the money. Therefore, after unlocking, I believe that there will be thousands of Chinese selling a lot of Bitcoin

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February 23, 2017, 02:00:33 PM
 #11

I don't know about this month, but maybe next month with the news of ETF possibly getting approved March on 11th. If so then bitcoin price will be higher than gold since there will be a fresh new funds coming in and the demand will be higher.

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February 23, 2017, 02:10:22 PM
 #12

I don't expect btc to overtake gold in this month, since we know that in the last few months the bitcoin price has been going in the range of 800-1100 USD (1,147USD on preev.com atm) and there's nothing to push it over that line, Imo the second half of march bitcoin will overtake gold and that would be for a significant amount.

Also ETF has to be decided on until March 11, and that's one more thing that makes me think it will be in March.

   
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February 23, 2017, 02:34:46 PM
 #13

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

As of now Bitcoin price is $1152.97 and I assume it will continue until February will end, but I think Bitcoin and Precious Metals like gold has a Symbiotic Relationship there is an article that I have red about that Different people have different views about the relationship between gold and bitcoin. Yet, there seems to be some common ground. and Mr. Hoffman see that both are fighting against the fiat regime in different ways and believes bitcoin is more speculative and risky than gold.

So I think that even if Bitcoin would overtakes on gold it will still be the same and bitcoin would still be bitcoin and gold will still be gold.

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February 23, 2017, 02:40:48 PM
 #14

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

It depends on what will be the flow of the price in the upcoming days. So basically, no accurate answer as bitcoin whenever experiencing a massive price increase, was always associated with some dumps to make room for the correction price.

What matters here is not the exact month it will happen but rather it's a sure thing that will really happen in the future.

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February 23, 2017, 02:51:04 PM
 #15

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

It depends on what will be the flow of the price in the upcoming days. So basically, no accurate answer as bitcoin whenever experiencing a massive price increase, was always associated with some dumps to make room for the correction price.

What matters here is not the exact month it will happen but rather it's a sure thing that will really happen in the future.


Okay that exactly right we don't know really what will happen next and if we predict a lot about this month,  I will gladly say it will overtake gold's price. We are now at stage of price oveflow, and its good to harvest while there's more fruit, same with bitcoin the profit is there and your fuit is profit as price goes up everybody is rejoicing.

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February 23, 2017, 02:51:44 PM
 #16

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !
I think, This is the time when bitcoin price will move on and it will be more valued than gold. So In few months later we will see that. So when you know that bitcoin is more valuable than gold, That's seems amazing. Then, My prediction is that bitcoin price will jump more and will cross 1500$ soon. As wee see it's a normal prediction, since bitcoin community increase. 

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February 23, 2017, 02:55:30 PM
 #17

Every time when we come close to that, something happens that push the price down. Most of the times, it has something to do with some

government or China making some bad decision and then the price plummets. I am actually waiting for the next "bad news" to be announced,

which will push the Bitcoin price down. I even think that most of these big hacks were government sanctioned, but that is just my own suspicion.

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February 23, 2017, 03:10:57 PM
 #18

This is such a speculative question that it is more like a guess work rather than speculation.
there are lots of factors you have to consider.
- there has already been a rise and obviously we can't have rise nonstop
- there is the ongoing story with China and all their crap about bitcoin and wanting to regulate their exchanges
- there is also ETF that will come soon (although i believe it is next month)
with all that said we can go both ways, not necessarily rise only.














 

 

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February 23, 2017, 03:20:47 PM
 #19

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

Certainly, there are exciting times ahead and Bitcoin is going to over take gold even if not within this month I'm hopeful they could happen by the end of the year.

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February 23, 2017, 03:25:27 PM
 #20

Now bitcoin price at $ 1,152 and this getting closer to gold price, it is still increasing. But I think it impossible in this month, it will happen in March later in my opinion. And if this happens bitcoin will reach a new record that can overtake gold price. Will good impact if bitcoin could overtake gold, and this is not remembered as the golden moon, but as the golden year for bitcoin.
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