Bitcoin Forum
October 03, 2022, 06:28:12 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: when will bitcoin's market cap surpass gold's?  (Read 2092 times)
superduh (OP)
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
December 11, 2013, 01:29:04 AM
 #1

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

ok
1664821692
Hero Member
*
Offline Offline

Posts: 1664821692

View Profile Personal Message (Offline)

Ignore
1664821692
Reply with quote  #2

1664821692
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1664821692
Hero Member
*
Offline Offline

Posts: 1664821692

View Profile Personal Message (Offline)

Ignore
1664821692
Reply with quote  #2

1664821692
Report to moderator
notmichael
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
December 11, 2013, 01:33:48 AM
 #2

I would be happy to wager against Gold going to $200.
superduh (OP)
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
December 11, 2013, 01:35:58 AM
 #3

I would be happy to wager against Gold going to $200.

you've got to have actual money or coins to make a wager...


ok
CoinGeneral
Full Member
***
Offline Offline

Activity: 182
Merit: 100

The General


View Profile
December 11, 2013, 06:31:32 AM
 #4

If BTC does pass Gold value then all media therefore the world will be eyes on Bitcoin

Price increases a sh!t ton after that

ElectricMucus
Legendary
*
Offline Offline

Activity: 1666
Merit: 1057


Marketing manager - GO MP


View Profile WWW
December 11, 2013, 02:51:51 PM
 #5

If you are fairly confident about that, take some of your Bitcoin profits and get busy on the comex futures market. It would be stupid not to.

You are also fairly alone with that too and many people would take the counterpoint of your position as heavy resistance at gold parity suggests. Look over to China... I'm sure there enough people with plenty of funds.
superduh (OP)
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
December 12, 2013, 03:53:26 AM
 #6

If you are fairly confident about that, take some of your Bitcoin profits and get busy on the comex futures market. It would be stupid not to.

You are also fairly alone with that too and many people would take the counterpoint of your position as heavy resistance at gold parity suggests. Look over to China... I'm sure there enough people with plenty of funds.

horrible advice as usual. if i believe i can make more money from bitcoin's appreciation then from gold' depreciation it makes no semse to sell any coins to short gold. gold will go down on it's own. i'll just eat popcorn and watch

ok
Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
December 12, 2013, 05:21:57 AM
 #7

Agree with the sentiment generally, but not the target or timeframe. IIRC, the "industrial demand" component of gold's value is something like $400-$600/oz, so that's a pretty natural floor. I also think it'll take decades for the monetary component of gold to fully collapse (ie, we still have a nasty generation-gap; many people with decades of investing life left don't "trust" digital things). And if China declares gold-backing for the Yuan (or succeeds in getting the IMF to create a new basket reserve currency that includes gold), that could make it take 50-100yrs longer.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1052


Gerald Davis


View Profile
December 12, 2013, 05:23:25 AM
 #8

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The non stop printing presses will ensure gold doesn't go below $200 an ounce ever.  Hell it might go to $100,000 per ounce although $100,000 someday might be low enough to qualify for food stamps.  The dollar has lost 99.2% of its purchasing power in the past 80 years.  That trend isn't slowing down.
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
December 12, 2013, 05:41:50 AM
 #9

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue
TeeBone
Sr. Member
****
Offline Offline

Activity: 502
Merit: 251


View Profile
December 12, 2013, 05:48:57 AM
 #10

LOL

how many times in history people must've proclaimed the death of gold, yet it's survived every fiat and other forms of money. Now , it's btc's turn to put the nail in the coffin. Man, it's funny how people underestimate gold's staying power, you'd think after thousands of years it would gain a little respect lol

Btw, u'll never see gold at $200 or even $500 ever again. With all the printing going on, it's just a matter of time that it shoots up to $3000 and beyond. The chinese, indians, east asians are buying it hand over fist. The real stuff, not comex crap. The West is dead !
ArticMine
Legendary
*
Offline Offline

Activity: 2282
Merit: 1047


Monero Core Team


View Profile
December 12, 2013, 06:18:48 AM
 #11

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue

There is still a lot of upside with "just the geeks" Market share of GNU/Linux on the desktop 1.56% http://www.netmarketshare.com/. World M1 money supply 21 Trillion USD,  1.56% of 21 Trillion USD, 327 Billion USD or 27,000 USD per BTC.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
600watt
Legendary
*
Offline Offline

Activity: 2338
Merit: 2091



View Profile
December 12, 2013, 08:29:00 AM
 #12

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue

There is still a lot of upside with "just the geeks" Market share of GNU/Linux on the desktop 1.56% http://www.netmarketshare.com/. World M1 money supply 21 Trillion USD,  1.56% of 21 Trillion USD, 327 Billion USD or 27,000 USD per BTC.

Hm.... I could live with that geeky 27k per bitcoin i guess....
NUFCrichard
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


View Profile
December 12, 2013, 11:14:16 AM
 #13

I would be happy to wager against Gold going to $200.
Any basis to back up your opinion? Is it because the dollar is so strong and the DOW has lots of room still to rise?
Or that tapering will help markets, and when rates rise it won't be a problem because America is almost debt free and there are so many buyers for bonds?

Dragonkiller
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


Super Smash Bros. Ultimate Available Now!


View Profile
December 12, 2013, 11:48:13 AM
 #14

I would be happy to wager against Gold going to $200.
Any basis to back up your opinion? Is it because the dollar is so strong and the DOW has lots of room still to rise?
Or that tapering will help markets, and when rates rise it won't be a problem because America is almost debt free and there are so many buyers for bonds?



Those things are all good for gold.
Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
December 12, 2013, 07:09:25 PM
 #15

...
how many times in history people must've proclaimed the death of gold...


How many times? Probably not that many, seeing as dollar convertibility was only ended in 1971. This pure-fiat experiment is very very young. For most of civilized history, gold and silver coin were mainstays of many societies. It's really only been the last 40yrs where gold has not served any direct monetary purpose for most of the world.

So I'd imagine the "gold is dead" proclamations haven't been going on that long. Might've had some rumblings in 1913 and then again with Bretton Woods, but nothing too credible since the gold peg to the dollar was still the underlying monetary paradigm until the 1970s.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
December 12, 2013, 07:59:55 PM
 #16

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue

There is still a lot of upside with "just the geeks" Market share of GNU/Linux on the desktop 1.56% http://www.netmarketshare.com/. World M1 money supply 21 Trillion USD,  1.56% of 21 Trillion USD, 327 Billion USD or 27,000 USD per BTC.

Obviously the 1.56% that use linux isn't the 1.56% of the world population. On top of that those that use linux are not going to convert all their usd on bitcoins and more important we want whales to join bitcoin. Off shore money and funds money.
superduh (OP)
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
December 12, 2013, 08:07:08 PM
 #17

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue

There is still a lot of upside with "just the geeks" Market share of GNU/Linux on the desktop 1.56% http://www.netmarketshare.com/. World M1 money supply 21 Trillion USD,  1.56% of 21 Trillion USD, 327 Billion USD or 27,000 USD per BTC.

Obviously the 1.56% that use linux isn't the 1.56% of the world population. On top of that those that use linux are not going to convert all their usd on bitcoins and more important we want whales to join bitcoin. Off shore money and funds money.

honestly, i'd prefer regular people over whales anyday. i'd rather joe shmoe get a bit rich than a rockefeller getting even more rich.

ok
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
December 12, 2013, 08:19:20 PM
 #18

it's bound to happen. who the fuck cares about a shiny yellow metal anymore. not us geeks Wink

so i've been thinking about this and i'm fairly confident gold will plummet back down to 200 or so soon.
let's make predictions
2018?

The problem is that we need everyone else and not only geeks to think that way  Tongue

There is still a lot of upside with "just the geeks" Market share of GNU/Linux on the desktop 1.56% http://www.netmarketshare.com/. World M1 money supply 21 Trillion USD,  1.56% of 21 Trillion USD, 327 Billion USD or 27,000 USD per BTC.

Obviously the 1.56% that use linux isn't the 1.56% of the world population. On top of that those that use linux are not going to convert all their usd on bitcoins and more important we want whales to join bitcoin. Off shore money and funds money.

honestly, i'd prefer regular people over whales anyday. i'd rather joe shmoe get a bit rich than a rockefeller getting even more rich.

Someone will be richer than the other anyway. That doesn't changes with bitcoin. Regular joe can join the coin like the sheep he is anyway but bitcoin has to be noticed first. And price is why 99% of the people notice bitcoin.
CoinGeneral
Full Member
***
Offline Offline

Activity: 182
Merit: 100

The General


View Profile
December 12, 2013, 08:19:50 PM
 #19

If Bitcoin passes Gold market cap, then:


adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1022


Trusted Bitcoiner


View Profile WWW
December 12, 2013, 08:20:48 PM
 #20

Quote
when will bitcoin's market cap surpass gold's?


 Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

2020

 Grin Grin Grin Grin Grin Grin Grin Grin

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!