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Author Topic: Will BTC overtake gold this month ?  (Read 5125 times)
blackhawkeye1912
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March 04, 2017, 01:00:24 AM
 #101

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 !

so far as my my friend told me, bitcoin can meet the value of Gold a days or a weeks from now. The price of bitcoin was like an airplane is takinfoff the plane just like up, up in a way. Cheesy



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March 04, 2017, 01:13:36 AM
 #102

This is already happenning that bitcoin overtake gold. As we can observe for now, bitcoin is fluctuating its price high. Its continous pumping all the way. The demand is really soaring high that many users are attracted to bitcoin...

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March 04, 2017, 01:24:27 AM
 #103

I can see BitCoin becoming equal with the price of gold in the short term, but keeping it at the inflated prices BTC has been for the last two or three months is unlikely to continue for many more months.  People have to stop thinking of BitCoin in terms of other fiats or as an investment and instead just start using BitCoins instead of fiat.
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March 04, 2017, 02:01:39 AM
 #104

Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.


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March 04, 2017, 02:08:44 AM
 #105

Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
You can't go and mine large quantities without a permit from the government, but if you get lucky enough there's no-one stopping you from taking a shovel or a pan and going out to get gold yourself. Sure it won't be industrial amounts all the time, but if you're interesting in making a few thousand it is possible to find small gold deposits here and there.

Gold is more universally accepted, however, compared to Bitcoin.














 

 

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March 04, 2017, 02:26:15 AM
 #106

The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.

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March 04, 2017, 03:58:20 AM
 #107

I still don't understand why the fascination in comparing BTC to Gold? It is like comparing apples to emails??!? Huh

It doesn't make any sense at all to be comparing the price of 1 BTC to 1 ounce of gold... they're two very very different things... and tomorrow they could just as easily decide that the unit of measure for gold is 1 lb... and then where would the comparison be? "oh noes... BTC is only $1200... but gold is suddenly $16,000... my BTC are worthless!" Tongue

Yay for BTC increasing in value... but meh at pointless comparison..  Roll Eyes

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March 04, 2017, 04:30:26 AM
 #108

Bitcoin overtook gold briefly today!

https://news.bitcoin.com/bitcoin-worth-one-ounce-gold/


And slow or soon the bitcoin will replace gold be signed with many people who put their whealty in bitcoin than gold,
and for the first bitcoin is higher than gold in the future user's bitcoin is higher than user's gold.
Bitcoin has chance for replace gold and become new gold in internet and bitcoin's price will be increasing around $3000/BTC
because many beneficial of bitcoin that has no in gold.

I personally think that bitcoin will never be able to replace gold. Although the future price of bitcoin and gold will become rivals. Because gold is used to control the circulation of money in each country, then inevitably gold will always be first. Moreover, some rich people prefer gold as a store of their own since the golden form. Unlike the bitcoin that could be stolen anytime by hackers remotely. And I think gold is more secure than bitcoin. Thank you
Well I think in all of instrument investments there are risk include on bitcoin and gold,
the gold can be stolen too if we don't put them on the secure place.
Also the gold can not put in smartphone it is different with bitcoin, bitcoin is very simple
and can be took on every where.
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March 04, 2017, 04:39:49 AM
 #109

The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.

Yes. Crossed the gold value and increasing still.
I don't feel it is right to compare Bitcoin with gold but those are the two major investments used by people around the globe so..

The major advantage with Bitcoin is that you can mine it where as you can't do the same with gold. So Bitcoin will always be better than gold. Smiley

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March 04, 2017, 04:41:00 AM
 #110

The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.
yeah we are waiting for the announcement this if bitcoin will be accepted and if that action will make bitcoin more to move up
as we are seeing more and more supporters are really getting involved and profiting from this investment, very well for all
of us who learn about this before the value went to this now.

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March 04, 2017, 04:42:33 AM
 #111

That means achieving market capitalization in the order of trillions of dollars, so I think this will take many, many years, not a few months.
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March 04, 2017, 07:01:17 AM
 #112

i think its possible if bitcoin is overtake gold this month, but in out there still many people don't know about bitcoin and no matter how much bitcoin price is increase, if people in out there is not interesting with bitcoin then bitcoin is only for bitcoin user and people still use gold for their investment.

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March 04, 2017, 08:18:49 AM
 #113

Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
yes i think both have their own importance, bitcoin is too good for trading and investment and also for shopping. while gold is the best option for saving. if a person has good good amount of money then he can save it form of gold where it will be more save because the price of gold remain too much stable. therefore our money will be more safe in gold. but if you want some investment then good is good for trading.



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Sled
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March 04, 2017, 09:00:32 AM
 #114

Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
yes i think both have their own importance, bitcoin is too good for trading and investment and also for shopping. while gold is the best option for saving. if a person has good good amount of money then he can save it form of gold where it will be more save because the price of gold remain too much stable. therefore our money will be more safe in gold. but if you want some investment then good is good for trading.
When a person has a good amount of money like a bunch of it then i will prefer to him to choose bitcoin rather than gold because gold is more stable and that is a concern for people who want an investment that grows fast and not that stable on its price. Bitcoin is good for people who want savings,investment and trading because bitcoin is all in one and if you have a lot of money then you can grow it fast in bitcoin, you just need some guts in investing to the current price now but i think even the price will be low and you already bought at a high price then you can keep it for long term and let your money multiply without limits.

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March 04, 2017, 09:08:54 AM
 #115

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Exciting times !

Now we know it did overtake gold.
But its physological barrier only, we should not focus on this too much.
Bitcoin is true revolutionary technology, thats important.

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March 04, 2017, 12:51:06 PM
 #116

OK I like, perkembangam bitcoin very quickly in a few months price mningkat 100% smakin many users bitcoin it will smakin fast famous ..

Pls Use google translate with smart.

Bitcoin can not take over gold for long time, gold are rare physical metal and can not reproduce. Lot of people from mine gold since thousands years ago and invest money to buy gold, mine gold. When bitcoin price $5000 gold will have $10000.
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March 04, 2017, 12:55:16 PM
 #117

OK I like, perkembangam bitcoin very quickly in a few months price mningkat 100% smakin many users bitcoin it will smakin fast famous ..

Pls Use google translate with smart.

Bitcoin can not take over gold for long time, gold are rare physical metal and can not reproduce. Lot of people from mine gold since thousands years ago and invest money to buy gold, mine gold. When bitcoin price $5000 gold will have $10000.

Why can't it? Bitcoin is a rare virtual currency, there's only going to be 21 million coins. The future is going to become more dependant on technology and digital infrastructure so I don't see why Bitcoin could not stay higher than gold.
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March 04, 2017, 12:55:25 PM
 #118

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Exciting times !

Now we know it did overtake gold.
But its physological barrier only, we should not focus on this too much.
Bitcoin is true revolutionary technology, thats important.
Yeah that's right, and also this rise in bitcoin seems temporary now based on some outcomes in few weeks we can see BTC price to drop significantly or rise more. ETF is the most popular factor in this. Other than that, overcoming gold is just another psychological barrier just like the $1000 mark.

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densuj
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March 04, 2017, 03:07:45 PM
 #119

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 !
No, I think not for this month (march) the golden month for bitcoin will happens on the next halping block of bitcoin in 2020, because in that month bitcoin is disappear halp and as we know bitcoin is starting popular on every countries and strart many people who use bitcoin, it will make amount of demand increasing and will make bitcoin's price increasing too more than today.

It already has/
Haven't you heard?
Yes you are right for now but are you sure it will taking long time? I don't think about bitcoin in one month (march) but I think about the future of bitcoin be compared with gold, I have said bitcoin is not too famous be compared with gold, many people know about the gold but not all of people know about bitcoin, although personaly bitcoin can become new gold but it will not happening right now.

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March 04, 2017, 11:30:56 PM
 #120

OK I like, perkembangam bitcoin very quickly in a few months price mningkat 100% smakin many users bitcoin it will smakin fast famous ..

Pls Use google translate with smart.

Bitcoin can not take over gold for long time, gold are rare physical metal and can not reproduce. Lot of people from mine gold since thousands years ago and invest money to buy gold, mine gold. When bitcoin price $5000 gold will have $10000.

Why can't it? Bitcoin is a rare virtual currency, there's only going to be 21 million coins. The future is going to become more dependant on technology and digital infrastructure so I don't see why Bitcoin could not stay higher than gold.

Yeah, it can be rare in a virtual currency world, but it's not rare in the world and it can reproduce easily. as you know rare mummy from egypt can be million dollars, rare diamond can be million dollars too

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