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Author Topic: From Gold & Stocks to Bitcoin: An Exodus?  (Read 1043 times)
iamTom123
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August 31, 2017, 04:16:51 AM
 #1

In the past many years, gold has not been a stellar performer and some are even calling gold earnings as flat and bland, so to speak. This year, it can now be told that gold seems to be lacking the necessary shine and luster. As investors are looking for other ways to get the most return of their money, many are shifting to cryptocurrencies...away from the traditional gold and the conventional stocks.

Added to this situation is the fact that some monetary policies espoused by many governments further shave the remaining trust some people on centralized financial system. This is making Bitcoin and other cryptos taking the role as the new safe haven...a title long held by the physical gold.

Right now, there is an "exodus" away from gold and stocks and the line is now on the doorsteps of Bitcoin. The thing is that Bitcoin is now the safe haven and at the same time this haven is also the heaven when it comes to earnings or ROI.

Thus, we now have Bitcoin as the new safe haven and the heaven of many returns! What a great twist of things...but this is not anymore surprising.

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August 31, 2017, 04:41:18 AM
 #2

I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.

I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.

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August 31, 2017, 06:02:41 AM
 #3

I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.

I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.

There might be some risk,but it`s decreasing more and more.I think that bitcoin is more stable and secure than before and not so speculative like some altcoins.Anyway,gold and stocks will always be here and there`s no need to find an exodus from them.I don`t think that gold and stocks are actually a part from the centralized financial system,because the bankers can`t control gold supply and the stocks markets.
They are trying to manipulate some stocks ,but they aren`t always successfull.



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TheQuin
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August 31, 2017, 06:27:30 AM
 #4

I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.

I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.

There might be some risk,but it`s decreasing more and more.I think that bitcoin is more stable and secure than before and not so speculative like some altcoins.Anyway,gold and stocks will always be here and there`s no need to find an exodus from them.I don`t think that gold and stocks are actually a part from the centralized financial system,because the bankers can`t control gold supply and the stocks markets.
They are trying to manipulate some stocks ,but they aren`t always successfull.

There is risk in everything, it's a relative term. I agree that Bitcoin is more stable and less of a risk than previously, I was just arguing the term 'safe haven'. I would definitely still put it in a high-risk category.

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August 31, 2017, 07:03:43 AM
 #5

In the past many years, gold has not been a stellar performer and some are even calling gold earnings as flat and bland, so to speak. This year, it can now be told that gold seems to be lacking the necessary shine and luster. As investors are looking for other ways to get the most return of their money, many are shifting to cryptocurrencies...away from the traditional gold and the conventional stocks.

That's an odd take, considering that gold has been strongly uptrending for 1.5 years now. It's up 25% from the lows. As the oldest school traditional store of value, that's pretty damn volatile (and effective at hedging against fiat money).

Added to this situation is the fact that some monetary policies espoused by many governments further shave the remaining trust some people on centralized financial system. This is making Bitcoin and other cryptos taking the role as the new safe haven...a title long held by the physical gold.

I could see Bitcoin taking the role of the safe haven, but that doesn't mean it needs to (or will) replace gold. They are both decentralized monies and can be complementary to one another. There is no need for this perception of competition with gold. Although I'm sure some gold bugs are a bit annoyed at missing all the gains in BTC. Cheesy

Right now, there is an "exodus" away from gold and stocks

Proof? Tongue

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August 31, 2017, 07:15:47 AM
 #6

I think very soon we would have solution to inflation and major financial issues the whole world has been going through since the inception of humanity has been. From batter trade to fiat money we are having now few people have been the one incharge of financial  in the whole world. Bitcoin will serve as a solution to this elites control on our financial system to a freedom for every one to benefit from this great technology.


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August 31, 2017, 07:27:39 AM
 #7

I think very soon we would have solution to inflation and major financial issues the whole world has been going through since the inception of humanity has been. From batter trade to fiat money we are having now few people have been the one incharge of financial  in the whole world. Bitcoin will serve as a solution to this elites control on our financial system to a freedom for every one to benefit from this great technology.

Well i would agree that btc could solve some problems regarding wealth of the elite. Money could be obtained by any society in any class. But i dont think it could solve financial issues around the world. The world is still in debt to 1 or 2 families and i doubt they did not even notice the growing economy of btc. Chances are that in time, they would become a highlight on how they are investing in btc.

                                     
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August 31, 2017, 07:33:16 AM
 #8

I think very soon we would have solution to inflation and major financial issues the whole world has been going through since the inception of humanity has been. From batter trade to fiat money we are having now few people have been the one incharge of financial  in the whole world. Bitcoin will serve as a solution to this elites control on our financial system to a freedom for every one to benefit from this great technology.

I'm still having some trouble seeing how we get from Point A to Point B, so humor me. Even if people start to increasingly hold their wealth in BTC, how does that free people from fiat money?

Bitcoin may provide some personal freedom and a hedge against fiat inflation, but it doesn't dismantle governments! You will still always need to pay your taxes in your national currency. And any debt is always payable in national currency; that's the power of fiat. Unless governments are literally taken out of the picture, you can't escape from fiat money.

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August 31, 2017, 08:02:12 AM
 #9

In the past many years, gold has not been a stellar performer and some are even calling gold earnings as flat and bland, so to speak. This year, it can now be told that gold seems to be lacking the necessary shine and luster. As investors are looking for other ways to get the most return of their money, many are shifting to cryptocurrencies...away from the traditional gold and the conventional stocks.

Added to this situation is the fact that some monetary policies espoused by many governments further shave the remaining trust some people on centralized financial system. This is making Bitcoin and other cryptos taking the role as the new safe haven...a title long held by the physical gold.

Right now, there is an "exodus" away from gold and stocks and the line is now on the doorsteps of Bitcoin. The thing is that Bitcoin is now the safe haven and at the same time this haven is also the heaven when it comes to earnings or ROI.

Thus, we now have Bitcoin as the new safe haven and the heaven of many returns! What a great twist of things...but this is not anymore surprising.

I can't imagine an exodus from Gold, holders aren't going to the local gold dealer, getting cash, depositing cash into their account, then buying 0.25 Bitcoin per ounce sold, or if they are they are lunatics!
Gold is a good holder of value, I personally would rather be moving some of my now very expensive Bitcoin into gold in case this is a bubble that is going to pop.

Fungibility or lack thereof, means that people generally hold gold, rather than trade, or at least with physical gold anyway.  I think people might be investing less new money into gold, so that they can buy Bitcoin, but that isn't an exodus.


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August 31, 2017, 10:12:55 AM
 #10

I imagine most people who have gold are older people. Most of them aren't going to switch to bitcoin. But I'm sure some will, and "some" of $8 trillion could be a few hundred billion dollars worth of market cap over the next few years, which would help out bitcoin immensely. But the younger generation will absolutely buy bitcoin instead of gold.


As for stocks, I think there will be a small amount of money being switched from stocks to bitcoin, but again this small amount could add several hundred billion dollars to bitcoins market cap. Mostly I think it will be future stock money that is instead put into bitcoin. Once investment firms let people buy bitcoin through them, some people will start putting say 10% of their normal stock investment in bitcoin, for example. So less, an exodus than just people splitting money between stocks and bitcoin in the future.

Now if there is an actual exodus from gold and stocks of any decent degree, then bitcoin will shoot up into several hundred thousand dollars very quickly.
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August 31, 2017, 10:21:26 AM
 #11

In the past many years, gold has not been a stellar performer and some are even calling gold earnings as flat and bland, so to speak. This year, it can now be told that gold seems to be lacking the necessary shine and luster. As investors are looking for other ways to get the most return of their money, many are shifting to cryptocurrencies...away from the traditional gold and the conventional stocks.

That's an odd take, considering that gold has been strongly uptrending for 1.5 years now. It's up 25% from the lows. As the oldest school traditional store of value, that's pretty damn volatile (and effective at hedging against fiat money).

Added to this situation is the fact that some monetary policies espoused by many governments further shave the remaining trust some people on centralized financial system. This is making Bitcoin and other cryptos taking the role as the new safe haven...a title long held by the physical gold.

I could see Bitcoin taking the role of the safe haven, but that doesn't mean it needs to (or will) replace gold. They are both decentralized monies and can be complementary to one another. There is no need for this perception of competition with gold. Although I'm sure some gold bugs are a bit annoyed at missing all the gains in BTC. Cheesy

Right now, there is an "exodus" away from gold and stocks

Proof? Tongue

I agree with everything replied to iamTom123. This is simply investors selling now and looking for other opportunities and better investments. Today some investors think it is Bitcoin and other cryptocurrencies.

But when it starts to "lose its luster" and gold start moving up again, I am sure we would all see the news saying "See? Gold was always the best store of value", and would again change their position the minute a bear market comes.



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alyssa85
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August 31, 2017, 11:23:58 AM
 #12

It's strange you've started this topic, because Forbes has done an article today saying "Bitcoin is the new Gold":

https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#77e785013b36

Quote
North Korean dictator Kim Jong-un is launching missiles over Japan. China is trying to write its own navigation rules in South China Sea. Washington is in disarray. Global debt continues to pile up. And central banks continue to hold interest rates at near zero levels.

Global uncertainty is rising. Yet, gold isn’t rallying.

Bitcoin, the new ‘gold,’ is.

Once, gold was the hedge against uncertainty, the asset where investors could park their cash in times of political and economic turmoil. Now Bitcoin is taking its place, as evidenced by the performance of the two assets in recent months.

Vaskiy
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August 31, 2017, 03:05:20 PM
 #13

Right now more users have been getting into bitcoin understanding much about the goodness and the profit bitcoin provides. Same time there are people who started to earn good volume of bitcoin and hold it in the form of gold for the high security of the earning.

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August 31, 2017, 05:46:56 PM
 #14

Earn bitcoin and now it is difficult. I don't know other sites except bitcointalk which provide the opportunity to earn bitcoins. A lot of people who started their acquaintance with bitcoins here become active participants of the community. But this is still not enough for the rapid growth of popularity.

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milenium
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August 31, 2017, 05:54:07 PM
 #15

In the past many years, gold has not been a stellar performer and some are even calling gold earnings as flat and bland, so to speak. This year, it can now be told that gold seems to be lacking the necessary shine and luster. As investors are looking for other ways to get the most return of their money, many are shifting to cryptocurrencies...away from the traditional gold and the conventional stocks.

Added to this situation is the fact that some monetary policies espoused by many governments further shave the remaining trust some people on centralized financial system. This is making Bitcoin and other cryptos taking the role as the new safe haven...a title long held by the physical gold.

Right now, there is an "exodus" away from gold and stocks and the line is now on the doorsteps of Bitcoin. The thing is that Bitcoin is now the safe haven and at the same time this haven is also the heaven when it comes to earnings or ROI.

Thus, we now have Bitcoin as the new safe haven and the heaven of many returns! What a great twist of things...but this is not anymore surprising.


Do you think that investors are getting rid of gold? This is not true.
Gold was in demand 3000 years ago, 500 years ago, now also in demand, and in the future gold will be in demand

And as for the currency, I agree with you, sooner or later there will be a couple of world currencies, the others will disappear.

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August 31, 2017, 05:54:24 PM
 #16

Virtual gold is like virtual currency,it is hedge for dollar,dollar up gold down and vice verca,real gold supply is limited,and now gold supply is going down,there is not unlimited gold recources


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August 31, 2017, 06:00:41 PM
 #17

 gold has the indisputable track record, having been a cherished store of value for thousands of years across human civilizations.
Kemarit
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August 31, 2017, 07:41:42 PM
 #18

Again, if investors are getting out of Gold and stocks, this is due to the good ROI that bitcoin is giving them. Is has nothing to do with hedging it against a looming crisis like World War 3. Bitcoin will be totally useless in that kind of situation. Maybe they are just protecting their wealth or assets because bitcoin is also a store of value. For me, there are exodus because of their potential profit and bitcoin as safe haven for the preservation of wealth. Gold has been with us for so many years, but I doubt that gold holders will simply pull out of it. They just have a better alternative now - Bitcoin.

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August 31, 2017, 07:59:35 PM
 #19

I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.

I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.

I think there are a lot of news articles now circulating that some huge gold investors are flocking into the doorstep of bitcoin. I can only speculate that maybe they can't take for granted now the price of bitcoin as compare to the price of gold that's why like any typical investors like in stocks, they would go on which one is the 'hottest' craze at the moment. So bitcoin eventhough risky, but the potential to earn a good profit is good, then they will easily go with it. But they will not completely abandoned gold but rather just go where the money is, and the current trend points to crypto currency, bitcoin in general.

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August 31, 2017, 08:37:59 PM
 #20

I'm interested what evidence you have that "there is an "exodus" away from gold and stocks"? With gold at YTD highs back over $1300 and stock indices at all time highs, it would seem the opposite is true.

I've been an advocate of Bitcoin since 2013 and I truly believe that it has potential to go massively higher. However, it is ridiculous to suggest that it is a safe haven. It is a highly speculative investment that has the potential to give spectacular returns, but as always that comes with a high level of risk.

I think there are a lot of news articles now circulating that some huge gold investors are flocking into the doorstep of bitcoin. I can only speculate that maybe they can't take for granted now the price of bitcoin as compare to the price of gold that's why like any typical investors like in stocks, they would go on which one is the 'hottest' craze at the moment. So bitcoin eventhough risky, but the potential to earn a good profit is good, then they will easily go with it. But they will not completely abandoned gold but rather just go where the money is, and the current trend points to crypto currency, bitcoin in general.

Gold investors are not the typical hot-headed kind, who just go after the latest craze. They are usually the most sane types, who prefer to avoid risk in a frothing economy. If they shift to gold, it is big news.

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