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Author Topic: Bitcoin has defeated gold  (Read 28561 times)
soul-impact (OP)
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March 02, 2017, 04:13:27 PM
 #1

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.





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botany
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March 02, 2017, 04:18:21 PM
 #2

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.  Smiley
arcanaaerobics
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March 02, 2017, 04:30:16 PM
Last edit: March 02, 2017, 09:53:14 PM by arcanaaerobics
 #3

It was done now and this is reality we are in now?
I dunno. Embarrassed
manselr
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March 02, 2017, 04:31:29 PM
 #4

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

We have to either consolidate the price at $1250, or keep growing and the correct above $1250. Both scenarios are good since im just going to hold, there's no point in trying to gamble. I know a lot of people that have lost their positions at around $1100 because "it's crashing anytime now, this cannot be sustained". I told them they were idiots but they were really scared, bitcoin noobs.
hajimasan
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March 02, 2017, 04:32:44 PM
Last edit: March 12, 2017, 05:47:28 AM by hajimasan
 #5

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
I already know that it will happen soon but it got much soon what I expected .
Well here no doubt that it's price will cross 1500$/BTC . Recently a news in many blogs and sites is spreading that the price will go to about 30-40% more ,And the main news source is from coindesk , Since we can't believe at any predictions but we can see reality that is happening with us the current price .
Here my new prediction is that the price of the bitcoin will reach to about 2000$ per bitcoin at the end of the 2017 Because the newcomers are coming in the bitcoin work rapidly that is totally uncontrollable .
calkob
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March 02, 2017, 04:34:48 PM
 #6

Bitcoin just beat gold in the British pound as well in the last 24 hrs.  Grin  current price of gold £1007.74, current bitcoin price is £1014.59.  This is what i have been waiting for since 2013.  i started buying in in late 2013 in the run  up to the Mt Gox disaster and i have bought and held all the way down to £150, i just knew that bitcoin was going to be great one day.  I believe we are only at the start of this journey.
Sundark
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March 02, 2017, 04:37:32 PM
 #7

Nothing can stop Bitcoin right now.
Except when ETF will see a denial traders who are gearing towards even higher price will dump their coins.
Never say never, if you think that we will have $1200 price as a new floor you can be disappointed in two weeks.
In 2013 we had our first ATH and then month later bitcoin dropped to $200. What makes you think that we can't see similar situation in 2017?
BrewMaster
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March 02, 2017, 04:42:18 PM
 #8

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

for me, this means nothing.
because as far as i am concerned bitcoin defeated gold the day it was created. and i found out about bitcoin late but from the day i knew about bitcoin until today i have been seeing profit, and the amount of profit bitcoin has given me, gold could never do in all the previous years.

There is a FOMO brewing...
OmegaStarScream
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March 02, 2017, 04:46:04 PM
 #9

This means nothing, instead you should probably compare the marketcap. where the gold marketcap is currently $7,422,335,235,457 (yes trillions) and bitcoin is 20$ billion. Gold exists for thousands of years now and It won't simply lose It value because bitcoin came to life. In my opinion, nothing could actually beat gold and silver, no matter how much year passes.

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pedrog
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March 02, 2017, 04:48:06 PM
 #10

Still less than a kilogram of gold.

Just another arbitrary number...

Mometaskers
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March 02, 2017, 04:55:46 PM
 #11

There is still more gold in circulation than bitcoin. Also the price can still be quite unstable, though we 'd like to believe that the price wouldn't crash, it's still possible for it to plunge (hopefully nothing below $600). So basically just stay alert and watch for any possible crash. Now depending on whether you still trust bitcoin you can just buy more of the cheap coins. If you're the sort of person that have enough money to invest on both bitcoin or gold, then do so. Don't rely on just one.
manselr
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March 02, 2017, 05:15:56 PM
 #12

Still less than a kilogram of gold.

Just another arbitrary number...

Not arbitrary at all. The oz is the universal measure of gold, and bitcoin has officially surpassed it. This is huge, all economic newspapers and websites will report on this.
Peter Schiff is up for  harsh awakening today.
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March 02, 2017, 06:29:18 PM
 #13

Gold's price absolutely depends on another things and it's worldwidely used from begining. Also if we look bitcoin, it's supply is limited like gold in the earth but bitcoin is new, number of mined bitcoins is still low and many people are interested in using it. Also it's decentralized and it's price depends on latest transactions price. So the word Bitcoim has defeated gold <- is wrong.

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yellow1
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March 02, 2017, 06:50:54 PM
 #14

I don't know why some people thinks this is nothing in bitcoin perspective. Bitcoin already surpassed Gold price per oz. which means this is another milestone in the young history of bitcoin. So if you can't appreciate it and you call yourself bitcoin enthusiast then I don't know what will make you jump for joy.
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March 02, 2017, 07:43:22 PM
 #15

This was something obvious for a person who has invested in bitcoin for a long time that one day we will beat gold easily , but even I agree with you that this happened really fast I'm really happy with the current state of bitcoin I hope It continues to reach new heights and beat better records in the upcoming future.
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March 02, 2017, 07:47:52 PM
 #16

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

That's a good one though but I don't know if the same position will still hold by the time we hear one news that is unfavorable to the crypto-world and the price came crashing. I don't think price should be the only factor in considering which one is higher of the two. We should also consider stability because if that is the case, I am sure bitcoin still has a long to way to go in other to catch up with gold...
betlord90
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March 02, 2017, 07:50:04 PM
 #17

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Obviously bitcoin defeated gold am so happy that i have some of bitcoin that i buy last year and i stored them to my wallet.  I'm very impressive i have 40% profit now nothing can stop bitcoin its very nice to those have patience to wait the bitcoin goes up to the higher level.
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March 02, 2017, 07:52:51 PM
 #18

Gold's price absolutely depends on another things and it's worldwidely used from begining. Also if we look bitcoin, it's supply is limited like gold in the earth but bitcoin is new, number of mined bitcoins is still low and many people are interested in using it. Also it's decentralized and it's price depends on latest transactions price. So the word Bitcoim has defeated gold <- is wrong.

From the perspective of price levels and potential in future, bitcoin is very superior, Bitcoin should be equated with fiat, not gold. Gold is commodity with a very slow movement, but has a strong resistance to raise prices. While bitcoin is the opposite. Not only from price factor, demand a fast moving market is also the main reason. It's just a matter of hope and confidence, bitcoin certainly beats gold.
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March 02, 2017, 09:01:28 PM
 #19

Hold your horses guys. Gold has been sought after for centuries and has survived the test of time while Bitcoin is the new kid on the block. Bitcoin has potential but it needs to prove its mettle first. Today we are progressing slowly which is great but the future might have other plans for us. Bitcoin is gaining ground that's for sure.
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March 02, 2017, 09:09:18 PM
Last edit: March 02, 2017, 09:27:06 PM by mindrust
 #20

Defeated?

You are comparing apples to oranges.

Comparing 1 bitcoin's price to an ounce of gold's price absolutely makes no sense at all. If you want to make some sense, compare their market cap's.

Luckily for you, zerohedge already did that.



Can you see the tiny %0.1?

%49 vs %0.1

Who defeated who? Wake up.

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