Bitcoin vs. Gold Prices

[dolagani]

Bitcoin is the best because of its value the chance to increase high in the market. Actually we couldnt compare gold in terms of its prices because of the more volatility happen in bitcoin always than gold. Although I can say gold is important in our economy impact.

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[Williams_Leo]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

It is known that gold prices are now very stable but to invest in the gold can also face the risk of small when the price of gold always kept at a certain level while the virtual currency developed at a level Higher degrees, but people still choose gold.

[sheldonnnn]

Gold and bitcoin have many advantages. Of course gold is much more stable than Bitcoin. Gold will never lose its value, it was valuable from the beginning of mankind and will be here forever.This is a great reliable and stable investment. However, if you want to get big profits quickly, it's better to choose Bitcoin.

[valentine401]

The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply.  By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive.

Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars.  If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold.

How to answer the question -- where to from here?  As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks.  So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times.  It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be.

Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices.

We have to be careful here.  This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price.  (The reality, at least with gold prices, is of course the opposite.)

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.)  If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold.  The rise of Bitcoin, so far, is consistent with this scenario too.  From here on, our thinking might have to change.

For the answer to that question, watch the news closely for the signs!

Bitcoin is profitable because of the demand in the market and everyone can earn cryptocurrency if they are just determined while gold cannot be obtained simply and it needs a lot of paper works in order to have it.

[RoolBi]

If you want the value of your money is not lost, I think you should buy gold, because the price of gold does not have much fluctuation. Bitcoin is different, if you want to get more of what you own, then bitcoin is a good choice.

[hispout]

Although bitcoin price is more expensive than gold but gold in paired with bitcoin to make long-term investment, but now people prefer to measure because most people do not know full bitcoin and also about the price of more stable gold, so people choose gold

Bitcoin price can became more expensive over than the gold price, and i think a lot of people will surely choose to invest with bitcoin because even the the value of it is not stable, but the value of it can be very high in the future.

Bitcoin now days is going very stable between few dollars and that is why the market is normal and all the processes are going normal we are observing  only little jumps and nothing more. It made easy for people to take their decisions to buy at this time, in other sense the coin is giving some more time to people that for investment the time is still available but soon it is going to fly. On the other hand gold has remained stable and this stability gets out one factor but the profit is low as compared to that from Bitcoin.

[--DarkSecrets--]

Although bitcoin price is more expensive than gold but gold in paired with bitcoin to make long-term investment, but now people prefer to measure because most people do not know full bitcoin and also about the price of more stable gold, so people choose gold

Bitcoin price can became more expensive over than the gold price, and i think a lot of people will surely choose to invest with bitcoin because even the the value of it is not stable, but the value of it can be very high in the future.

Bitcoin now days is going very stable between few dollars and that is why the market is normal and all the processes are going normal we are observing  only little jumps and nothing more. It made easy for people to take their decisions to buy at this time, in other sense the coin is giving some more time to people that for investment the time is still available but soon it is going to fly. On the other hand gold has remained stable and this stability gets out one factor but the profit is low as compared to that from Bitcoin.

This two was totally different from each one but pointing out the possible profit that can we make no doubt its on bitcoins. Technically we didn't need to compare each of the properties or the advantages and disadvantage, as we are starting in the coming era it will both have some good values and whichever we can use as trading assets. Valuing any of this is much give importance and having a good mind towards any practices of having both of this.

[ov3rflow9x]

I love cryptocoins, thats not only about its price or value, but the whole thing. Diffent altcoins have different features that changing the world.

[Ondongeric18]

With due respect to other opinions I do certainly believe that bitcoin is not really comparable to gold in many ways. Gold is physical and no matter how the market changes in price still gold is a precious thing. While bitcoin even with a very differences in ratio would change its value. It is volatile as it is also digital and non existent in the real physical world. But I don't dismiss the idea that it is not that good as an investment. It is just I do favor gold no matter what.

[Indai24]

With due respect to other opinions I do certainly believe that bitcoin is not really comparable to gold in many ways. Gold is physical and no matter how the market changes in price still gold is a precious thing. While bitcoin even with a very differences in ratio would change its value. It is volatile as it is also digital and non existent in the real physical world. But I don't dismiss the idea that it is not that good as an investment. It is just I do favor gold no matter what.

I second the motion here, bitcoin is subject to drastic price fluctuations and could not maintain it's peak price whereas gold demonstrated it's reliability and it will never lose its intrinsic value as precious metal with numerous practical applications.

[BobK71]

I am a bit confused about the whole idea. Why would bitcoin be a part of the monetary engineering thing for any of these countries when it was not even made or invented to do this tasks? Is this just an analysis of yours trying to connect things or you do really have proofs for that statement. Or is this just all coincidence. This is not even under the government control so how can one country benefit from it?

That is totally understandable.  A country's government can benefit from Bitcoin by holding a lot of it and using its holdings to ensure its own currency doesn't drop too much in value against Bitcoin.  (This is assuming Bitcoin has gained widespread trust as a good store of value.)

State issued currency is being inflated all the time, because of the incentives for the elites to issue more money and debt.  From the elites' point of view, it's better to have a non-state money be the support for their issued money, in this way.  This is the entire reason for having hundreds of years of modern history under gold or silver standards.  (A stable gold/silver standard was the 'best' environment for the elites to skim off the cream of the economy by issuing money and debt.)

The reason 'top' economists have attacked gold since the 1960s and 70s is that, since 1914, every government has defaulted on gold and was forced to give up the gold standard, and the public's desire for gold would make it difficult for governments to run totally fiat currencies.

Bitcoin and cryptos provide a way for the elites to go back to the good old days of gold and silver standards, without an embarrassing devaluation of state money against gold/silver.  It's just that, for the project to succeed, they have to make us believe the entire crypto-space has risen up independently.

As a crime detective, before you know anything, if you simply ask 'who benefits?'  you will be more than halfway to your solution, if you find a reliable answer.  I don't of course have any direct evidence of the actual deed (which in this case would be the Fed or BOJ creation of Bitcoin in secret, for example,) but I have lots of indirect evidence.

The problem is that the vast majority of the educated public don't understand this benefit, and they have no evidence other than 'Satoshi disappeared.'

[Lang09]

Bitcoin is more profitable indeed, but it is equally risky compared to Gold where prices hover on relatively the same levels and sometimes would even rise higher depending on situations around the world. Bitcoin may make you rich, but the already rich use Gold for safety.

[SirLancelot]

Well it relies on the circumstance , for my own sentiment, bitcoin is currently most costly than gold, in light of the fact that bitcoin is extremely costly and exceptionally secure not at all like gold, it can be effectively stole.

Well, everything has its own pros and cons. You can’t just compare any two things and then say one is better than other by only seeing some aspects. If you want to compare two things, you must compare them throughout. In this scenario, although bitcoins are doing amazing and in many aspects they are tremendous than gold but you can’t just deny the appraisal and strong hold of gold as well.

Bitcoin price is at the top among all the other currencies due to its demand and love of people as they are tired of using the old payment systems and transacting systems that are costing them huge amount for they do not want to lose their money on banking systems. Gold is also a stable investment but people are doing it with great intentions. But today world is of Bitcoin.

[Aleth]

Gold is far more valuable for me than Bitcoin at this point in time. Every grain of gold counts and is is far far higher than satochi's worth. so Gold is still higher than Bitcoin.

[solidrock]

If you view both as competing currencies then determining which is best is not very productive is it? It will be very interesting to see how the exchange rate btc-gold will look like in the future, maybe when cryptos stabilize a bit more.

[harsak06]

Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

[OrangeII]

Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.

well, bitcoin will be our top choice in that choice. even more so when bitcoin prices really skyrocket. gold is very good to make investment tool, but for me, bitcoin is the number 1 for now. it is the best investment tool.

[Rizky Aditya]

Although bitcoin price is more expensive than gold but gold in paired with bitcoin to make long-term investment, but now people prefer to measure because most people do not know full bitcoin and also about the price of more stable gold, so people choose gold

Bitcoin price can became more expensive over than the gold price, and i think a lot of people will surely choose to invest with bitcoin because even the the value of it is not stable, but the value of it can be very high in the future.

Bitcoin now days is going very stable between few dollars and that is why the market is normal and all the processes are going normal we are observing  only little jumps and nothing more. It made easy for people to take their decisions to buy at this time, in other sense the coin is giving some more time to people that for investment the time is still available but soon it is going to fly. On the other hand gold has remained stable and this stability gets out one factor but the profit is low as compared to that from Bitcoin.

No doubt in these. I have different opinions than other people about bitcoins and gold. We can’t just compare them. Bitcoins aren’t the kind before gold and so is the gold before bitcoins. These both are kings in their own world. But here, if your priority is a safe hand gaming where you may get low but less risky profit, then gold is best. And in other case, for big profits with her risk, bitcoins are amazing.

[Hell-raiser]

Gold has more stable price which will in future go slowly up in the same time bitcoin has ups and downs but in future its price should be like 10x bigger than now so investing in it should bring big profit.

Many financial specialists have another viewpoint. They say that Bitcoin is the better investment, and its prices are growing faster than the prices of gold. Here is an article that can be useful:
https://99bitcoins.com/bitcoin-gold-usd/

Gold and Bitcoin (and cryptocurrencies in general) are two entirely different types of assets which serve completely different purposes. Crypto is for speculators, while gold (as well as other precious metals) is mostly for those who are looking to preserve their existing wealth. It could be said that gold is for those who already built their wealth while crypto for those who are yet building it. Indeed, it is possible to speculate with gold too as there are plenty of gold derivatives which offer you volatility (since this is what speculators are looking for) on par or even exceeding that of Bitcoin.

But in this thread, "paper" gold (that is gold derivatives) is heavily frowned upon, and the discussion is mostly about gold in its physical form (as opposed to paper gold), which you can touch with your fingers and stash away in the backyard of your home.

[darkedelf]

My opinion is equally good but it's better if we choose both. If there is more money we save gold and bitcoin because gold is also a good price but more with the increase in bitcoin may be a great one. so it's good to take a 50% / 50% investment.