Bitcoin vs. Gold Prices

[djselery]

Both Bitcoin and Gold are very profitable nowadays and their prices keep going up fastly. But currently Bitcoin's price is a lot higher than Gold's price, and it is predicted that it will keep rising for the future too. But Gold is still more stable and trusted by people more than BTC.

[danielnamit]

Since the price of a bitcoin is getting higher and higher, it probably defeat the price of gold after a long time.

[hualangktsld841]

I think gold will be forgotten in a long time. Unless there are major wars in the world, or major changes in the world pattern. At this time, it is clear that bitcoin has a greater growth advantage than gold.

[bitllionaire]

I think gold will be forgotten in a long time. Unless there are major wars in the world, or major changes in the world pattern. At this time, it is clear that bitcoin has a greater growth advantage than gold.

Gold is an ancient tradition of storing wealth throughout the world. Therefore, it will take quite long time for bitcoin to be on that place but the edge of bitcoin will always keep it on top from the gold now. Investors of gold don’t earn rapidly as the investors of bitcoin. Bitcoin since it has started has made its investors earn hundred and thousands percentage of a single bitcoin they invested, on the other side the profit percentage of gold is extremely slow.

[mx667]

I think gold will be forgotten in a long time. Unless there are major wars in the world, or major changes in the world pattern. At this time, it is clear that bitcoin has a greater growth advantage than gold.

Gold is an ancient tradition of storing wealth throughout the world. Therefore, it will take quite long time for bitcoin to be on that place but the edge of bitcoin will always keep it on top from the gold now. Investors of gold don’t earn rapidly as the investors of bitcoin. Bitcoin since it has started has made its investors earn hundred and thousands percentage of a single bitcoin they invested, on the other side the profit percentage of gold is extremely slow.

If for me, I see Bitcoin and Gold as an investment tool only. I do not really care about their prices, you should know that Bitcoin is an object in digital form, while Gold is a physical thing. Of course both have significantly different prices. Bitcoin's price will depend on the development of the digital world and the digital currency, while the Gold price will depend on the difficulty and development of the mining world. The more drained, the more resources will be depleted. And in this case, the digital world has an edge, I think.

[bhadnaufal]

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!

Gold seems to not be as valuable as bitcoin is, this is just amazing... how does BTC came to be as valuable as it is ? that's what everyone around is saying, it might be the future gold.

[BobK71]

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.

If I understand you correctly, you're saying Bitcoin has a better return than gold because Bitcoin is more risky (i.e. less stable than gold.)

This would be a case of 'risk premium.'  For example, stocks on average have to do better than government bonds over the long term, to compensate for the fact that their values are less stable than the bonds.

While this might be true, I still think there's more at play here than risk premium.  As I pointed out, Bitcoin is still cheaper than gold (and was much cheaper not long ago,) so it's more attractive.

But the factor that might be more important than all others is that the Western elites probably favor Bitcoin (and cryptos) over gold as a potential tool for a reset of the entire system, for a variety of reasons (one of which is that it would be very embarrassing to them if gold becomes a thousand times higher than the $35/ounce price that they last tried to defend.)

[terrong]

for now bitcoin is gold in the digital world because of the increasingly high price and sought after by many people. so I agree that bitcoin is better than gold

[btcmayumana]

Looking ahead, bitcoin prices will not be as high as the gold price.
Westerners certainly will not give the debt that they themselves know will be limited later in Bitcoin conditions.
What the russian and chinese want is inversely proportional, this can make inflation for small countries if Bitcoin becomes the official currency. The existence of Bitcoin is certainly a poignant hunting manpower.

[BobK71]

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,

If the price rise of Bitcoin comes mainly from people who want to ride the wave but don't really understand Bitcoin, then it becomes a short-term speculative bubble.  The elites can easily deflate it, especially now with two Chicago exchanges open to trade Bitcoin futures...

[Awraawra]

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!

even before there is a time that bitcoin will be lower than gold but do you know that the price of bitcoin now is higher and higher than gold no one can stop bitcoin now for the highest rate ever...

[Yabuy92]

bitcoin versus gold?

now even bitcoin is hunted rather than gold. from the data google trends just bitcoin more sought than gold, and this is what makes the interest to buy gold down 30% and of course this bothered gold investors.

[beerlover]

This would be a case of 'risk premium.'  For example, stocks on average have to do better than government bonds over the long term, to compensate for the fact that their values are less stable than the bonds.

While this might be true, I still think there's more at play here than risk premium.  As I pointed out, Bitcoin is still cheaper than gold (and was much cheaper not long ago,) so it's more attractive.

But the factor that might be more important than all others is that the Western elites probably favor Bitcoin (and cryptos) over gold as a potential tool for a reset of the entire system, for a variety of reasons (one of which is that it would be very embarrassing to them if gold becomes a thousand times higher than the $35/ounce price that they last tried to defend.)

What kind of risk you are talking about mate there is not that much loss in bitcoin as compared to any other investment coming toward gold, gold has stable values and profit is also stabilized whereas bitcoin has volatile nature (as pf now) prices goes up and down to give people chance to buy and sell to make money and I think in coming year people will forget about gold because bitcoin will delist gold from the safe-heaven investment list.

Bitcoin also will join gold for stable prices at some point of time but we can be sure that time may arrive after 100+ years alone and definitely not in near future.

[cynical]

It has already ended all the bullish trend of the government securing the prices on gold and/or anything that is centralised really. This is because we have the option now, who crypto currencies!

One of the major points I want to bring across is, don't be fooled: key financial assets, including cryptos and other forms of money, are heavily controlled by the elites.  Bitcoin is doing well because it's in the elites' interest.  Has always been this way, and will always be.

That is, until the public truly wakes up.

For example, it's been circulating in the media that Bitcoin's rise is helped by conditions in Venezuela and Zimbabwe.  Their state money is so heavily abused by the government-bank system that the citizens look for a decentralized store of value -- hence the appeal of Bitcoin.  The trouble with this narrative is that, gold and silver are equally decentralized (and arguably much easier to use for poor people.)  Why aren't they going up?  Ah, you see, the elites want to promote Bitcoin, but not gold and silver, at this point.

i can understand this along with other points in this thread.
I think a lot of people are blind to the fact that like other aspects of wealth the elite are involved in crypto and have a certain degree of control.
i am also of the mindset that as we all benefit from the growth of crypto it would make sense to move some of the benefits to gold for instance.

[BitHodler]

now even bitcoin is hunted rather than gold. from the data google trends just bitcoin more sought than gold, and this is what makes the interest to buy gold down 30% and of course this bothered gold investors.

Gold has never really been a trending search option. We also have to take into consideration that the stock markets have been performing rather well this year, so there basically isn't a need to use it as hedge.

I think this entire year there hasn't been anything in the mainstream news that was gold related, or I have missed it accidentally. It shows that there is nothing to gain for them by covering that subject.

Bitcoin on the other hand was almost a daily guest in every news episode. It's just a matter of hype riding, and that's what the media is doing. Last year there was barely any Bitcoin coverage, which should say enough.

[Meraki]

Gold's price is relatively high and also no chance to depreciate so it is safe to have golds as investment as per bitcoin

Bitcoin can still go up 3 times.  

I think with the way bitcoin now it can still go up higher than 3 fold. Because there are still alot of improvement, investors coming this 2018 due to popularity of bitcoin is pumping. So We cant assume what will be the peak price of bitcoin.

for me i fully support bitcoin than gold.

[davinchi]

bitcoin versus gold?

now even bitcoin is hunted rather than gold. from the data google trends just bitcoin more sought than gold, and this is what makes the interest to buy gold down 30% and of course this bothered gold investors.

Bitcoin and Gold? I think is still more expensive than Bitcoin. Gold has been bought and invested in for years, but Bitcoin is just for a decade. I know Bitcoin is being hunted more seriously this time, but I’m n sure if there’s more Investment going into Bitcoin than Gold, cause I can’t really tell how many people are Investing in Gold and how many that are into Bitcoin.

[iekupro]

bitcoin versus gold?

now even bitcoin is hunted rather than gold. from the data google trends just bitcoin more sought than gold, and this is what makes the interest to buy gold down 30% and of course this bothered gold investors.

Bitcoin and Gold? I think is still more expensive than Bitcoin. Gold has been bought and invested in for years, but Bitcoin is just for a decade. I know Bitcoin is being hunted more seriously this time, but I’m n sure if there’s more Investment going into Bitcoin than Gold, cause I can’t really tell how many people are Investing in Gold and how many that are into Bitcoin.

There are tons of gold out there. And there is not much Bitcoin left for you to mining. The limited amount helps Bitcoin beat gold in price.

[Hell-raiser]

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.

With gold, it is pretty easy to predict prices. Unlike Bitcoin, gold value doesn't change much over time. It is its dollar price that changes. So if dollar is going to hyperinflate in the next few years, gold will definitely surge in that currency, but in respect to the value of goods it will likely remain the same give or take a few hundred dollars. Whether dollar is going to crash would depend on the economic policies of the US government as well as the economic situation in countries which aim to replace the American dollar. I mostly refer to China here.

[arpon11]

I am very optimistic that the sky is the limit for bitcoin and other cryptocurrencies especially the ten top most popular cryptocurrencies and if the Russian and Chinese will come to terms in driving cryptocurrencies as it is from the beginning then I think the western elite has no option than to embrace cryptocurrencies in other to reset their economic generally.