Bitcoin vs. Gold Prices

[Bella Thorne]

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.

[Isaacck]

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.

[airdrophunter]

Bitcoin is believed to be the new gold of today. But the only difference between the prices of these two entities is that gold's prices are stable compared to bitcoin's volatile that rises and falls drastically any time of the day.

[bengsabeng]

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.

no one knows the price of bitcoin in the future. fluctuating bitcoin prices make many people afraid to invest bitcoin.
government recognition of bitcoin is also very influential.

[Epimetheus]

Bitcoin price movement is more significant than the price of gold which is an investment commodity that has existed since long. But in this increasingly modern era investors are turning to bitcoin where these commodities are based on blockchain technology and gold is now beginning to be abandoned by some investors.

Gold and bitcoin both are profitable things in different circumstances. Gold is old and more trustable then Bitcoin because it is use everywhere.  Bitcoin is a digital currency and highly volatile in comparison to gold. And gold has a stable price in most of the time. Another thing is gold has physical appearance which makes increase its market price higher than gold. Bitcoin price is not stable.  its price is more than gold only for a limited time but not always. Gold is more trustable then Bitcoin and it is usable every corner of earth due to this many investors invest in gold in comparison to Bitcoins 

[GamingBro]

If we comparing prices only, bitcoin is the winner already but at my opinion it's wrong because gold have value in real life for example. Also gold have stable price and more turst than bitcoin.

[anakkampung17]

Obviously different like heaven and earth. Now the gold price is not the best hope to invest. But with the difference with bitcoin prices it may now be very far away to want it. Precisely now is the best day to join in bitcoin patiently selling next year you will get rich. And gold may also be rich, but the time ratio is 1:10.

[sirminesalot]

Bitcoin is believed to be the new gold of today. But the only difference between the prices of these two entities is that gold's prices are stable compared to bitcoin's volatile that rises and falls drastically any time of the day.

the price of gold and bitcoin are very different. both in price turns are also different. gold tends to slow in price increases but bitcoin is faster. fluctuating properties in bitcoin make prices rise and fall quickly

[Elsie123]

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 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.

[efxtrader]

If we comparing prices only, bitcoin is the winner already but at my opinion it's wrong because gold have value in real life for example. Also gold have stable price and more turst than bitcoin.

In my opinion, bitcoin is like gold in digital world. Bitcoin price more expensive than gold because bitcoin supply less than gold supply. Max supply bitcoin only 21million coin and gold always mined

[putriliesma]

If the price comparison is obviously gold lost by bitcoin, but gold has a more stable price than bitcoin. Bitcoin also has a recap of rising prices higher than gold, but bitcoin can also fall in price in just a matter of days, hours, minutes and seconds.

[BobK71]

Anyway you look at it, 2008 resulted in a de facto devaluation of the dollar against gold.

Yes, but then you have to explain the revaluation of the dollar against gold soon thereafter. I don't deny that the dollar was losing to gold in 2009-2011, but it was based on the expectations of the likely (or not so likely) collapse of the dollar system in the coming years rather than on reality. For example, there was no price hyperinflation or anything close to what can be loosely called that. When these expectations didn't come true, the speculative rise of gold mostly retrieved back to the baseline. In other words, it turned out to be only a temporary devaluation.

I try not to speculate on the precise cause of each price movement, at least in this kind of discussion.

In the 70s, gold went from $35/oz (a price set in 1934) to $800 around 1980, and then back down to the $300 level and basically stayed flat.  In the mid 2000s, gold went eventually to the $2000 level, and then back down to the $1000 level in early to mid-2010s, and basically stayed flat.

We see a pattern.  Gold basically holds flat most of the time, except for step-wise movements up ($35 to $300 to $1000.)  But each step up, or devaluation of the dollar, is accompanied by a big overshoot, followed by a big drop.  This overshoot-and-drop pattern also seems to hold with Bitcoin (and even more so with altcoins.)

Over the decades, we can formulate a theory *based on these numbers alone* that the dollar is essentially continuously devalued against gold, when the noise is taken out.   (And I won't explicitly speculate as to why the noise is there!)

(BTW, we have to look at the pure price of gold in dollars, not 'inflation adjusted dollars,' as you call them.  If there's such an asset as inflation adjusted dollars, please let me know and I would love to own it!)

[crazymelons12]

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?

[YzzyGo]

When it comes to investments, bitcoin would still top over gold due to it high volatility wherein you can get more out of. Of course, with this high rewards there is also higher risks.

[zissmieus]

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!

With the current market situation, many people are reluctant to invest in virtual currencies because it is time for the virtual currency to fall, suggesting that gold prices are rising, but with some uncertainty. In my opinion, investing in virtual money is a right way.

[Driggers95]

Bitcoin price movement is more significant than the price of gold which is an investment commodity that has existed since long. But in this increasingly modern era investors are turning to bitcoin where these commodities are based on blockchain technology and gold is now beginning to be abandoned by some investors.

I think gold is an excellent place to invest but compared to bitcoin, both have different characteristics and are both profitable and risky. Bitcoin has the higher risk, but returns are higher than gold investment. There may be people who are at risk because they are still going.

[BigBos]

Bitcoin price movement is more significant than the price of gold which is an investment commodity that has existed since long. But in this increasingly modern era investors are turning to bitcoin where these commodities are based on blockchain technology and gold is now beginning to be abandoned by some investors.

I think gold is an excellent place to invest but compared to bitcoin, both have different characteristics and are both profitable and risky. Bitcoin has the higher risk, but returns are higher than gold investment. There may be people who are at risk because they are still going.

however, both can be said to be the best investment for now. bitcoin is great for generating revenue retrieval tools, especially if it's in a short time. we can take advantage of trading. but, gold also has other advantages.

[Kambal2000]

however, both can be said to be the best investment for now. bitcoin is great for generating revenue retrieval tools, especially if it's in a short time. we can take advantage of trading. but, gold also has other advantages.

Sometimes, we need to explore things out and if we can find out that bitcoin is  better than gold by evaluating them both then we can just simply follow our instincts, that is why it is so important that we know personally what we are entering at.

[max fray]

The demand for gold is very diverse, and bidding with its participation is almost universal and regulated on many exchanges. Crypto currency is also widespread, but only in those countries that have recognized legal transactions with crypto currencies. However, gold differs very much from crypto-currency. Gold is less volatile and it has more liquidity on the market.

[fabrizoc]

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.