Bitcoin vs. Gold Prices

[legenduim]

Bitcoin and Gold are both good investments. But value wise i go for Bitcoin because it is more profitable compare to Gold and more people are getting interested to invest in bitcoin.

THIS is so wise if you are preferring bitcoin over gold because investing into gold for earning some decent profit has become old fashion and it is very slow method of increasing your capital whereas bitcoin is having the potential of making you rich in very short time span.

I think if you invest in Gold you will not make more profit and the price is almost stable at any time. very rarely the price will increase high so be making more profit chances are less in Gold but your investment will be. You invest in Bitcoin you can make big profit but risk is also high

As for me, investing in gold now, you provide the stability for yourself. Dealing with Bitcoin, you risk your money, but the profit can be unreally huge.

[D1n4R]

Bitcoin and Gold are both good investments. But value wise i go for Bitcoin because it is more profitable compare to Gold and more people are getting interested to invest in bitcoin.

THIS is so wise if you are preferring bitcoin over gold because investing into gold for earning some decent profit has become old fashion and it is very slow method of increasing your capital whereas bitcoin is having the potential of making you rich in very short time span.

I think if you invest in Gold you will not make more profit and the price is almost stable at any time. very rarely the price will increase high so be making more profit chances are less in Gold but your investment will be. You invest in Bitcoin you can make big profit but risk is also high

As for me, investing in gold now, you provide the stability for yourself. Dealing with Bitcoin, you risk your money, but the profit can be unreally huge.

the price of gold will run slowly and very little profit but very secure so make some people invest their in contrast to bitcoin which gives a lot of risk because of its fluctuating price

[Hell-raiser]

(2) The elites are supportive of crypto, for their own reasons.  They're just not saying so openly.  I've pointed this out many times, and you can look up my writings under my profile, e.g. the thread 'Debt Does Matter, and Why Cryptocurrencies Have to Go Up' that I started, or the one linked from the OP.

Honestly, I don't think they are "supportive" in the sense you mean it. They might consider and actually use crypto as a sort of economic weapon against other inimical elites and competing economies, but I can't ever imagine that they would voluntarily give up the power and control that fiat money gives them. In other words, they are supportive of crypto as long as it gives them more power and control, as simple as it gets. And then we are back to square one. If crypto is all about free market and laissez-faire economics, how can they genuinely support it?

[allohha]

(2) The elites are supportive of crypto, for their own reasons.  They're just not saying so openly.  I've pointed this out many times, and you can look up my writings under my profile, e.g. the thread 'Debt Does Matter, and Why Cryptocurrencies Have to Go Up' that I started, or the one linked from the OP.

Honestly, I don't think they are "supportive" in the sense you mean it. They might consider and actually use crypto as a sort of economic weapon against other inimical elites and competing economies, but I can't ever imagine that they would voluntarily give up the power and control that fiat money gives them. In other words, they are supportive of crypto as long as it gives them more power and control, as simple as it gets. And then we are back to square one. If crypto is all about free market and laissez-faire economics, how can they genuinely support it?

you do not need to categorically approach the future of the crypto currency and gold. I am 100% sure that I have learned that there are many more prospects to remain the value of all times and peoples, unlike the crypto currency.

[BobK71]

Honestly, I don't think they are "supportive" in the sense you mean it. They might consider and actually use crypto as a sort of economic weapon against other inimical elites and competing economies, but I can't ever imagine that they would voluntarily give up the power and control that fiat money gives them. In other words, they are supportive of crypto as long as it gives them more power and control, as simple as it gets. And then we are back to square one. If crypto is all about free market and laissez-faire economics, how can they genuinely support it?

See:
The Real Reason to Hold Gold and Bitcoin
The Great Reflation Is Underway
Cryptocurrency as the Imperial End Game

It's not one way or the other (state or non-state money), but most of the time both, in modern history, ie using non-state money to bolster state money.  The classic example are the gold/silver standards that comprised about 90% of modern history.  The 45-year 'fiat' era (which is not really fiat but a rolling devaluation against gold) has been one of the most financially unstable periods in modern history.  The elites themselves, at the top, probably wish the gold standard would come back, but a return to gold would be highly embarrassing at this point.  Using crypto as the new gold is a perfect play.

The root issue in all of this is that, unlike ancient and other empires, the modern Western elites don't have enough hard power to impose their issued money onto the world.  (And it must be the entire world.  Shrinking back to the north Atlantic countries at this point would mean a financial crisis that made the Great Depression look good.)  They must use a combination of hard and soft power.  The latter consists of the fiction that the West has the best free-market institutions, so anyone who stores value in Western paper will keep their wealth.  If Western currencies maintain a stable exchange rate against a trusted/libertarian/anti-establishment money over a long time, it becomes a major fundamental boost to this soft power.

But, we have to expect the narrative won't be something like 'gold is money, and currency is debt' as under the gold standard.  The new narrative will be 'governments and central banks have to get their acts together, ie maintain fiscal/monetary discipline, in order to compete with cryptos.'

[yurisoares]

I don't really care about prices atm, but i think gold is gonna re-lose popularity with the years. Maybe to bitcoin or an other new asset.

[highquA1]

But the time has changed and bitcoins have became much more expensive than even gold and platinum

[maydna]

But the time has changed and bitcoins have became much more expensive than even gold and platinum

although it's more expensive than gold, we could buy bitcoin at any portion, we can buy whole 1 bitcoin or some part of bitcoin and as long as we have money, we can buy at any price. and I think bitcoin price will increase and will getting high again so there is a big gap in the price of bitcoin and gold. but I still prefer to buy bitcoin right now and maybe I will buy gold later if I can make a big profit in bitcoin first.

[olivinetowhee]

Its upto the common sense of people. Clever people knows that gold may be less costly but has more validity than btcs

[keywordsbadge]

For me I am gonna support the investment in btcs because btcs can make us rich in a moment and that's exactly what I want

[BobK71]

But the time has changed and bitcoins have became much more expensive than even gold and platinum

No, for the same portion of total supply, gold is still a lot more expensive than BTC.  (See OP.)

[jeanpadel14]

One of the most striking differences between gold and bitcoin is that while the precious metal represents a physical object, bitcoin is entirely digital.

Past that, both the current and maximum supply of bitcoin are known entities. More specifically, the bitcoin protocol caps the total number of these digital currencies at 21 million, and interested parties can find out how many of these bitcoins have been mined by looking online.

[Hell-raiser]

Honestly, I don't think they are "supportive" in the sense you mean it. They might consider and actually use crypto as a sort of economic weapon against other inimical elites and competing economies, but I can't ever imagine that they would voluntarily give up the power and control that fiat money gives them. In other words, they are supportive of crypto as long as it gives them more power and control, as simple as it gets. And then we are back to square one. If crypto is all about free market and laissez-faire economics, how can they genuinely support it?

See:
The Real Reason to Hold Gold and Bitcoin
The Great Reflation Is Underway
Cryptocurrency as the Imperial End Game

It's not one way or the other (state or non-state money), but most of the time both, in modern history, ie using non-state money to bolster state money.  The classic example are the gold/silver standards that comprised about 90% of modern history.  The 45-year 'fiat' era (which is not really fiat but a rolling devaluation against gold) has been one of the most financially unstable periods in modern history.  The elites themselves, at the top, probably wish the gold standard would come back, but a return to gold would be highly embarrassing at this point.  Using crypto as the new gold is a perfect play.

Personally, I don't see any real links between gold and fiat these days. You say that fiat is a rolling devaluation against gold but I don't see how gold is particularly different from anything else, for example, crude oil. What about petrodollar after all, huh? Fiat is depreciating against everything which is anything in terms of value. Apart from that, I don't really feel you can so easily equal gold and crypto. The latter is more like fiat because they share the same trait or fault, lack of inherent value. The recent magnitude 10.0 cryptoquakes that shook the market unequivocally proved that thing, end of story.

[ilhamdoni]

obviously gold answer, because gold will not die, gold has been the standard since the beginning of time

[Btcmarmipp2]

Prices of both are very much different because bitcoin has a volatile value while gold has its stable value and it increasing every year. On my own, I will keep the gold for the long time as its value increasingly but if you hold bitcoin for that long we cannot say on that year is gonna be high or not.

[handyhuman]

I saw a news clip just yesterday where they were discussing the future of Bitcoin. One person on the panel stated that he doesn’t see a reason why Bitcoin can’t achieve a market cap similar to gold. He admitted that the big increases in value of Bitcoin make him nervous for a correction but he said that there is plenty of room for growth if people view Bitcoin as digital gold.

Yeah yourw right and for me bitcoin was my choice because my friends and I were totally have an income on it.This ia also the best way in terms of helping my family.

[tats14]

Well it depends upon the situation , for my own opinion, bitcoin is now most expensive than gold, because bitcoin is very expensive and very securr unlike gold, it can be easily stole.

[maydna]

Well it depends upon the situation , for my own opinion, bitcoin is now most expensive than gold, because bitcoin is very expensive and very securr unlike gold, it can be easily stole.

besides that, we don't have to worry how to safe bitcoin, as long as we can keep our private keys then we are safe. and now, bitcoin price increases higher although it is not as much higher in the last December, but it still more expensive than the gold. we have two type investment today which is bitcoin and gold and we can invest our money in both bitcoin and gold.

[BobK71]

Well it depends upon the situation , for my own opinion, bitcoin is now most expensive than gold, because bitcoin is very expensive and very securr unlike gold, it can be easily stole.

besides that, we don't have to worry how to safe bitcoin, as long as we can keep our private keys then we are safe. and now, bitcoin price increases higher although it is not as much higher in the last December, but it still more expensive than the gold. we have two type investment today which is bitcoin and gold and we can invest our money in both bitcoin and gold.

Yes, even Goldman Sachs agrees that Bitcoin holds advantages over gold for moving and storing.  But the same report puts gold at an advantage on basically everything else.

To me the biggest threat to Bitcoin is altcoins, since there can be an unlimited number of coins, among all altcoins.  Gold is secured by physics, not by code and data as cryptos are.

[BobK71]

Personally, I don't see any real links between gold and fiat these days. You say that fiat is a rolling devaluation against gold but I don't see how gold is particularly different from anything else, for example, crude oil. What about petrodollar after all, huh? Fiat is depreciating against everything which is anything in terms of value. Apart from that, I don't really feel you can so easily equal gold and crypto. The latter is more like fiat because they share the same trait or fault, lack of inherent value. The recent magnitude 10.0 cryptoquakes that shook the market unequivocally proved that thing, end of story.

"Rolling devaluation" is different from simple inflation in the price of everything else, in that the price of gold is suppressed by the elites through derivative trading most of the time, but must be allowed to rise dramatically during times of financial stress.  This is in effect no different from the gold standard, but with frequent devaluations.  (Suppressing gold appreciation against state money was the real purpose of the gold standard.)  The visible difference between devaluation and inflation is that devaluations were always denied strongly beforehand and implemented overnight, and that the gold price would stay the same for a long time afterwards.

It's highly interesting that the official gold-standard rhetoric stated that gold was money, but that was the time when gold earned zero return for very long periods in the 'core' countries.  Today, the officials say gold is nothing, but it's during this period that gold went up 30+ times.

The petrodollar was just a scheme to ally with oil-rich dictatorships to prop up the value of the dollar by accepting only dollars for oil.  Needless to say, this particular market manipulation has had more than its fair share of side effects.

'Inherent value' is highly misleading, because even gold doesn't have enough 'real' use to justify its current value.  The monetary value of anything is always subject to convention and crowd psychology.  (Because money is ultimately just a protocol.)  The elites have a lot of power because of this, BTW, but that power has been spent by issuing money and debt to benefit previous elites.

The meaningful dividing line is not the physical form (or 'inherent value') of any money, but state-issued vs. state-free, today.  (You could argue there is also a bank-issued form.)  Natural monies (gold, silver, Bitcoin) don't carry the inherently destructive incentives built into human-issued money.  That is what makes the real difference.