Bitcoin vs. Gold Prices

[Budugbass]

I think Bitcoin is clearly has already showing its best side on the history of its price developments, as well as its popularity that reaches many enthusiasts from different countries to connected with bitcoin and makes every efforts to gain various profits such as investing in particular.
I'm sure, bitcoin will still continue to outperform the gold prices even more higher again and again.

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[rhyoanime]

if in my opinion, bitcoin gold will not exceed BITCOIN. Why ? because bitcoin is the first originator in a digital currency .

[mustakforum]

Bitcoin has shown developments and prices this year so that almost everyone is interested in investing in bitcoin, and this will continue to increase year by year, and I can be sure bitcoin prices will outperform gold prices.

[BobK71]

That's a good assessment. I think that if modern markets supported gold as a legal method of buying/selling goods and services, its price would rise. The value of precious metals would increase if they had additional utility and greater support.

What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.

The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.

It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.

Any country that attempts to promote gold or silver is poking the eyes of the dollar and the US.  It's a no-no if you want to survive as a regime.  The US 'regime-changed' countries for much lesser offenses.

For example, this happened in the 70s and 80s to poor countries like Panama and Guatemala who refused to borrow dollars and/or allow US companies to take their natural resources.  Read 'Confesssions of An Economic Hit Man' for an insider account, and you'll understand what this world is really made of.

As I wrote, money and other key financial assets have never been a free market, and can never be, as long as the imperial elites run this world.

[tanghere02]

That's a good assessment. I think that if modern markets supported gold as a legal method of buying/selling goods and services, its price would rise. The value of precious metals would increase if they had additional utility and greater support.

What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.

The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.

It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.

Any country that attempts to promote gold or silver is poking the eyes of the dollar and the US.  It's a no-no if you want to survive as a regime.  The US 'regime-changed' countries for much lesser offenses.

For example, this happened in the 70s and 80s to poor countries like Panama and Guatemala who refused to borrow dollars and/or allow US companies to take their natural resources.  Read 'Confesssions of An Economic Hit Man' for an insider account, and you'll understand what this world is really made of.

As I wrote, money and other key financial assets have never been a free market, and can never be, as long as the imperial elites run this world.

I actually agree with you on that, greed runs the world too thats why these imperial elites have something others dont have with regard to financial assessment. And well never know bitcoin could also be one of their targets pretty soon because of the attention it brought worldwide in the  financial aspect.

[reijusama2583]

Well I think if we compare the value of bitcoin in to gold the gold is more expensive rather than bitcoin because the value of bitcoin was volatile while the value of gold is stable. As of now the value of bitcoin is still rising and growing rapidly that can be a little bit expensive than gold but as we know we cannot guarantee that the value of the bitcoin will remain as is because we cannot predict the events that happenings in the market. That is why I think that gold is more expensive than gold if we consider some factors.

[leonora galvan]

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!

as i know really gold price is higher than bitcoin but now bitcoin is getting higher than gold thats why i choose bitcoin price,before you should have to choose one because gold is gold but now gold change to bitcoin.

[KEPLER99]

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!

as i know really gold price is higher than bitcoin but now bitcoin is getting higher than gold thats why i choose bitcoin price,before you should have to choose one because gold is gold but now gold change to bitcoin.

Gold has lost its importance in the 2k17 and this year show the real power of bitcoin that how much it can go high and bitcoin has a lot to give to the investor as well not only gold investment is affected bitcoin has taken over all the investments like real estate and stocks as well people are withdrawing their money and are investing into bitcoin to earn huge as compared to before and this decision is quite right for everyone,

[Domenc]

Bitcoin and gold both are highly expensive to keep their 1 kg gold or 1 BTC. But if somehow you could afford anyone one of them, then why not try Bitcoin which has proved to me more efficient- in terms of giving returns. The difference in their rate of intersect is so much that i f you buy 1 BTC you can buy 1 kg gold easily after few months, because bitcoin has proven to increase its basic investment into 2x-3x and so on over the time. Still bitcoin has a lot of potential to raise your funds, so try catching bitcoin train rather jumping on gold.

[cydrix]

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!

For now bitcoin is at its high pitch value for us. Bitcoin has the obvious bigger value over gold. Although even if you Hold gold for a reall really long time even for a 100 years it is still going to be valuable. Bitcoin on the other couldnt go that far i think but bitcoin has i think doubled the price of gold for every grams of it.

[patt0]

For now bitcoin is at its high pitch value for us. Bitcoin has the obvious bigger value over gold. Although even if you Hold gold for a reall really long time even for a 100 years it is still going to be valuable. Bitcoin on the other couldnt go that far i think but bitcoin has i think doubled the price of gold for every grams of it.

I don't think you can do the math like that. If you want to compare bitcoin and gold prices you need to look to their marketcap. If you do that, you will see that gold is much more expensive than bitcoin right now because it's marketcap is somewhere around $6 tln and bitcoin is just sitting at $300 bln. Bitcoin price needs to go up a lot, before it becomes as valuable as gold, so this means that if BTC really manages to become gold 2.0, then it's still incredibly cheap.

[aizen10]

obviously, bitcoin price surpass this gold price in terms of value. these are both good for saving money, investing in gold is profitable like what you can get in bitcoin, but if ever the time comes that bitcoin resets, then the value of bitcoin is nothing, so practically, much better to own/buy/hold gold too like you saving/hold your bitcoin to earn profits.

[intoy_victor]

Bitcoin has a higher price than gold. Right now but the past year gold has higher price. But now even if we double the price of gold than btc, btc has a higher price. But the advantage of gold is even if you hold it fo to long it has still a high value while bitcoin has no stable price we dont if the price of btc right now will be always.

[kodtycoon]

Bitcoin and gold both are highly expensive to keep their 1 kg gold or 1 BTC. But if somehow you could afford anyone one of them, then why not try Bitcoin which has proved to me more efficient- in terms of giving returns. The difference in their rate of intersect is so much that i f you buy 1 BTC you can buy 1 kg gold easily after few months, because bitcoin has proven to increase its basic investment into 2x-3x and so on over the time. Still bitcoin has a lot of potential to raise your funds, so try catching bitcoin train rather jumping on gold.

If the calculated 1 kg gold is also very expensive both have their respective advantages, correct bitcoin according to you more efficient than gold that must have a certificate to keep it legitimate maybe.

[teinblek]

I think the bitcoin is better than the gold I see it from
- easy storage
- the price is much more expensive and most importantly
- not taxed
 

[1Referee]

I think the bitcoin is better than the gold I see it from

Let's see.

- easy storage

Correct.

- the price is much more expensive

Nope. You shouldn't pay attention to articles comparing Bitcoin's whole unit (1BTC) value with Gold's troy ounce unit (31.1GR) value. It's an unfair comparison all the way through. If you want to see the main difference, then compare Bitcoin's market with Gold's market cap -> Bitcoin's market cap $295 billion. Gold's market cap $7630 billion. What a difference, right?

- not taxed

Bitcoin does get taxed, just like any other asset. However, it's your obligation to declare your holdings and gains in a completely honest manner. People not being willing to do so doesn't mean that you don't have to pay tax. Bitcoin also doesn't need to be legalized in whatever country to pay tax over your holdings and gains.

[kiloiko]

Bitcoin has a higher price than gold. Right now but the past year gold has higher price. But now even if we double the price of gold than btc, btc has a higher price. But the advantage of gold is even if you hold it fo to long it has still a high value while bitcoin has no stable price we dont if the price of btc right now will be always.

The only one reason gold is somehow better than bitcoin is, its stable price. If you consider bitcoin of year 2010 and then consider price of gold at that time, you come to know that gold have same price as it has now. Maybe some thousands higher but now that much. But now, bitcoins have crossed gold even they are unstable. Gold is second best investment source.

[nidacoinlove]

obviously, bitcoin price surpass this gold price in terms of value. these are both good for saving money, investing in gold is profitable like what you can get in bitcoin, but if ever the time comes that bitcoin resets, then the value of bitcoin is nothing, so practically, much better to own/buy/hold gold too like you saving/hold your bitcoin to earn profits.

for the purpose of diversification of investment this is must to keep something in hard form of assets. Bitcoin is riskier than keeping gold but the quality of gold is that it can be used in like ornaments and such the use of gold is more than the use of bitcoin which makes gold less risky. However bitcoin has made its investors richer.

[JTEN18]

obviously, bitcoin price surpass this gold price in terms of value. these are both good for saving money, investing in gold is profitable like what you can get in bitcoin, but if ever the time comes that bitcoin resets, then the value of bitcoin is nothing, so practically, much better to own/buy/hold gold too like you saving/hold your bitcoin to earn profits.

for the purpose of diversification of investment this is must to keep something in hard form of assets. Bitcoin is riskier than keeping gold but the quality of gold is that it can be used in like ornaments and such the use of gold is more than the use of bitcoin which makes gold less risky. However bitcoin has made its investors richer.

Bitcoin and gold are both good to invest at, I myself was investing in both of them especially gold jewelries where I can sell in case of emergency, but over all I prefer bitcoin over gold as  we all agreed that bitcoin will really make you rich depending on how much we will take risk on it.

[NorihiroName]

I personally do not believe in sustainability of BTC. It's likely that other crypto will overcome it.