Bitcoin vs. Gold Prices

[sgenuine]

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/

[PalindromemordnilaP]

Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.

[BitcoinMarketer39]

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 really good for long term investment and there are a lot of people who are keep on investing so we can expect that the price will increase even further more while gold is not obtainable by a normal person and not everyone can simply earn it.

[fiomcorka]

I'm pro-gold really, but I'm certainly not obsessed with it. It is a time-proven and well-tried asset for storing wealth even if its real value goes down somewhat over decades, primarily because there was no major economic wreck in the last 40 years (2008 doesn't count as a complete economic shutdown). But if there will be none in the future or it will be a little bit too hard for gold to keep up with, it is useless (apart from jewelry).

Also, could you explain in a few words why power is not the ultimate value as far as society is concerned?

There are multiple scenarios where gold is a good investment.  2008 saw gold at least double.

If you have power, it sounds good on the surface.  But you're in effect fighting against all those who held power in the past.  The incentives of the modern world system encourages the powerful to kick all cans down the road (especially in the monetary and financial realm.)  Most of your power will be spent countering the effects of the actions of your predecessors.

Gold is considered as a good stable and profitable investment that has been doing by people since years or score years. While Bitcoin is a modern technology that has made everything easy for you and these days it is very responsive and the price yesterday was 9.1k dollar and now today the price is 9.3k dollar. Gold beside any other investment is still good but the profit is low as compared to Bitcoin.

[Jupeter]

Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.

Bitcoin and gold is both good, but i am confidet that bitcoin will surely have more bright future than gold, and the future price of bitcoin can rise even $30k or $40k so in that way many people can earn more money with bitcoin over than gold.

[Jannatul Shefa]

I think bitcoin price is hundred times better than gold price. Nowadays bitcoin price is more than gold price. But as people are connected with gold investment for a long time . They think it's more faithful than any other investment. But in modern time investors find more interest in bitcoin investment.

[sabarr]

bitcoin and gold are different investments and have different futures, there are some people who think gold is more profitable because it has a more stable price and a smaller risk, but for me bitcoin has a greater advantage but it may indeed have a greater risk also than gold, so each has its own enthusiast

[John Joseph Mago]

For me Bitcoin is the best because Bitcoin price move faster than gold and If you are holding gold its like 1%-20% yearly but If you are holding Bitcoin it should be 120% or more and you can use Bitcoin to buy other cryptocurrency.

[weblaraveluser]

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!

The problem between bitcoin and gold is that, they are both profitable but not both obtainable, i can say that bitcoins is more profitable more than gold since everyone can easily invest and start trading in the market.

[Jackblack90909]

There is many differences between Bitcoin and Gold, so we cant compare between their prices since they are differents.
Bitcoin is firstly a digital currency, and also an asset. While gold is an physical asset and used mainly offline.
But usually Gold's prices are a lot more stables than Bitcoin which is known by its volatility.

[Xising]

Gold is better for most "securing savers" but the reasons are not only to be safe from governments and central banks. it's also to secure the funds against the currency losing value.

See this chart https://fred.stlouisfed.org/graph/?g=1xM3 and notice the difference between Clinton economy and the Bush Jr debt disaster.( I am not a US citizens so can be wrong but Clinton made the US economy far better to what it used to be before, he helped a lot.)
See after 2001 (Bush) a long 15 years growing period for gold while the US debt started to become a nightmare (oh it was already but Bush just helped to be sure lol)

No matter if the countries are from West or East, the national debt has a worldwide citizenship lol. A financial reset is totally possible

That's right. I think Bitcoin or cryptocurrencies, in general, are still too young to be compared to gold, which is already an institution, especially amongst things of value. It has proven it's worth time and time again over the years, and that's why, gold is one of the most stable, but most expensive items as well. Much to the opposite of Bitcoin, that although it is expensive, it lacks that stability aspect that people look for.

[Wowcoin]

There is many differences between Bitcoin and Gold, so we cant compare between their prices since they are differents.
Bitcoin is firstly a digital currency, and also an asset. While gold is an physical asset and used mainly offline.
But usually Gold's prices are a lot more stables than Bitcoin which is known by its volatility.

Yes their are many differences because gold we can use this as a personal collection and we can use it offline, while bitcoin we need internet to mine and get bitcoin. The price are different too bitcoin price are very fast to go up and down and gold are so stable.

[Snaic]

I agree that in bitcoin it is now possible to earn and not bad to increase profit. However, very long hold bitcoin, especially in those cases when it reaches very high its price values, I would not have risked, given the result of the last drop of bitcoin since December last year. Therefore, I would now prefer to earn in bitcoin, and keep the earnings already about half in gold.

[kidoseagle0312]

Bitcoin for me is already surpassed the price value of Gold. This topic has been discussed so many time here in this forum in different thread section. Then also for me Bitcoin produce profit in just a matter short period of time while in Gold price is not that quick as like bitcoin does.

[satria stell black]

Bitcoin and Gold prices are very different. We can not equate between Bitcoin and Gold. Maybe everyone can believe in Gold but not everyone can believe in Bitcoin. Bitcoin still sounds very foreign while Gold is already very well known throughout the country. But if for me the most profitable is Bitcoin. This has been very proven.

[ocid]

Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.

it is obviously proven that bitcoin prices are far superior to gold, but these two species must have their respective weaknesses and advantages, so people can definitely tell which one is better to serve as an investment asset for a much more future promising its value.

[Btcmicel]

Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.

it is obviously proven that bitcoin prices are far superior to gold, but these two species must have their respective weaknesses and advantages, so people can definitely tell which one is better to serve as an investment asset for a much more future promising its value.

For me bitcoin and gold is the same high in terms of our market value. But gold is established by a thing, we're in people used to wear. While bitcoin is known as a kind of money, through online transaction.

[dvillier]

There is numerous contrasts amongst Bitcoin and Gold, so we cannot think about between their costs since they are differents.
Bitcoin is right off the bat an advanced money, and furthermore a benefit. While gold is a physical resource and utilized primarily disconnected.
Be that as it may, normally Gold's costs are significantly a larger number of stables than Bitcoin which is known by its unpredictability.

[Md.Sufian]

Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital. Yet the distinctions between the two run much deeper. Bitcoin is a digital coin. Like gold, it is made by mining, but the process is completely electronic. Gold has been used as a form of currency for more than 2,000 years. The supply of gold—as in, what we can access—increases when miners retrieve the precious metal from the ground. Which is wonderful to see.

[SHOSHI ISLAM 5]

                                      Bitcoin vs. Gold Prices
                                     ==============


<><><><>Gold and silver have the unique attribute that their scarcity is secured by physics rather than code and data,
so I think there will always be a special role for them.

And it also helps that you can't create alt-precious-metals everyday!<><><>