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Author Topic: BTC and Gold?  (Read 11862 times)
th3nolo
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June 23, 2019, 06:42:09 AM
Last edit: June 23, 2019, 06:55:07 AM by th3nolo
 #161

Will bitcoin replace gold? I ask myself. Well, so far there are no such forecasts. People base on the statements they have read somewhere or saw on TV but not on own minds
Now everyone is betting whether Bitcoin reaches 10000. I bet that it will take a couple of months to do it. Well, back to the previous position? I admit that can go to 10,000, but not more.

Couple months? lol Bitcoin will kill every bear left! check its last movements, they're almost exactly on weekends, regulated players are being destroyed when they entry on short positions.

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While Peter Schiff keep talking about bitcoin being in a sucker rally, the gold price is $1399, if you don't know who is Peter Schiff don't worry below, you can find who is he, and why it's so important for gold and bitcoin.















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June 23, 2019, 06:51:12 AM
 #162

Gold is forever valuable and its price will continue to rise while Bitcoin is a man made technology that is limited and is currently have a good value too just like Gold so if in my own opinion they are both good when you both have them but Bitcoin is the trend right now and I'll choose BTC over Gold.

When it comes to percentage valuation of growth, BTC > Gold
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June 23, 2019, 09:41:30 AM
 #163

In summary:

1. Gold is currently better as a store of value
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
3. Both gold and bitcoin are both great assets, and both has their own pros and cons.
we can see the positive side of gold and bitcoin in daily use. gold is prioritized for storage without any loss and risk, while bitcoin has a loss if prices decline and bitcoin can get profit when experiencing price increases.

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June 23, 2019, 09:48:46 AM
 #164

In summary:

1. Gold is currently better as a store of value
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
3. Both gold and bitcoin are both great assets, and both has their own pros and cons.
we can see the positive side of gold and bitcoin in daily use. gold is prioritized for storage without any loss and risk, while bitcoin has a loss if prices decline and bitcoin can get profit when experiencing price increases.

Gold price can increase and decrease too the same with bitcoin. The difference is its volatility. Gold can have minimal losses but minimal gains too unlike bitcoin's huge movements.

 
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June 23, 2019, 06:22:39 PM
 #165

Bitcoin and gold are both profitable and promising for the future. However, at present, bitcoin is more profitable compared to gold. The profits obtained in a single day for one bitcoin can reach dozens to tens of millions. All depends on the strategy that we apply. But the bitcoin market is very vulnerable because prices can change at any time quickly. We have to monitor the price of bitcoin regularly so as not to lose the opportunity to make a profit.

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June 23, 2019, 07:00:04 PM
 #166

But at the same time gold is something that is bound to give you small returns for a x amount of time and if you consider Bitcoins then you will be able to decide for yourself.

Gold cannot make you a millionaire in some years , it will give you secure investments but at the end it's the Bitcoin which is the need of the hour.

Let's just consider it like share market which is easily accessible and also at the same time connected with the whole world .

Bitcoin is just something else. It is more like digital gold power 1000.



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June 24, 2019, 03:25:29 PM
 #167

Gold has always been the requested product and no matter how quickly Bitcoin's fame spreads. It seems to me that the same trends of these assets are related to the general mood in the market. Planned revision of the old standards and the launch of new cryptocurrency. To create them, fireproof assets are needed, and gold is one of those assets.
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June 24, 2019, 03:31:30 PM
 #168

Gold and BTC have common properties for commodity assets: they can be exchanged, sold, stored as value, etc. There are some differences: unlike gold, which is a physical asset, BTC is digital, which facilitates its storage and transmission. Which facilitates the process of obtaining such an asset. But gold, which is an elemental asset accepted by all as a commodity for barter. And perhaps because of the ongoing political changes in China and the United States, investors are stocking up on gold.
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June 24, 2019, 03:32:27 PM
 #169

My prediction is that the bitcoin bull run will rally up to a new all time high and then the bitcoin parabolic price will slowly end and go down again. While bitcoin price goes down, physical gold will begin rising to a new all time high. Gold (actual gold material in your possession, not digital) will rise to a higher than it has ever been in history.
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June 24, 2019, 03:37:12 PM
 #170

Gold and BTC have common properties for commodity assets: they can be exchanged, sold, stored as value, etc. There are some differences: unlike gold, which is a physical asset, BTC is digital, which facilitates its storage and transmission. Which facilitates the process of obtaining such an asset. But gold, which is an elemental asset accepted by all as a commodity for barter. And perhaps because of the ongoing political changes in China and the United States, investors are stocking up on gold.
Many experts and political leaders are not enthusiastic about the statements about the planned issue of the libre coin. Perhaps the growth in demand for gold is a market reaction to attempts to protect themselves from the strong fall in Bitcoin prices.
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June 24, 2019, 03:43:00 PM
 #171

Nobody trusts Facebook. Everyone knows that Facebook is harmful to it's users. Why should anybody trust Facebook's money?
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June 24, 2019, 03:46:56 PM
 #172

Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/

Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...

Its a good read. I will rate Gold higher then BTC at this moment from investment perspective because of
Quote
Gold is not tied to fiat systems; fiat systems were tied to gold until governments decoupled en masse during the great world wars of the 20th century. Gold was and is seen as having intrinsic value.
Source
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June 24, 2019, 03:49:21 PM
 #173

Its a good read. I will rate Gold higher then BTC at this moment from investment perspective because of
Quote
Gold is not tied to fiat systems; fiat systems were tied to gold until governments decoupled en masse during the great world wars of the 20th century. Gold was and is seen as having intrinsic value.
Source


Do you buy gold coins? What kind of coins? Do you buy gold bars? Where?
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June 24, 2019, 03:49:55 PM
 #174

Gold and BTC have common properties for commodity assets: they can be exchanged, sold, stored as value, etc. There are some differences: unlike gold, which is a physical asset, BTC is digital, which facilitates its storage and transmission. Which facilitates the process of obtaining such an asset. But gold, which is an elemental asset accepted by all as a commodity for barter. And perhaps because of the ongoing political changes in China and the United States, investors are stocking up on gold.
I think the concerns are not unfounded. When such a large company launches a coin, and even has the support of leading companies, the project may shake the market. In addition, the popularity of Facebook can play the role of a catalyst and trigger the fomo effect. People are massively ready to buy a coin, not even familiar with the classical rules of cryptocurrency trading, which are quite clearly set out on the educational trading platform taklimakan . You can also see the trading strategies and market predictions. Users run for profit and do not think about the consequences for the market of such a rush around an unverified coin.
Experienced investors always diversify their portfolios and invest not only in Bitcoin, but also stocks, gold. Growing demand for gold may be pushing people's discontent in China after the authorities ’latest attempts to limit Hong Kong’s rights
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June 24, 2019, 05:45:58 PM
 #175

Gold is just for rich people with too much damn money. Keep in mind I love crypto and I am a massive supporter but even i see the calling that gold brings. Why buy gold? Well, why not? If you already have many investments and are set for life you may as well buy some gold so you also have phyiscal wealth as well. It can also be passed on to the next generation. Something cool about holding gold. It is old school.
Who wouldn't want a treasure chest filled with rare diamonds jewels and gold?
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June 24, 2019, 05:55:18 PM
 #176

Gold is just for rich people with too much damn money. Keep in mind I love crypto and I am a massive supporter but even i see the calling that gold brings. Why buy gold? Well, why not? If you already have many investments and are set for life you may as well buy some gold so you also have phyiscal wealth as well. It can also be passed on to the next generation. Something cool about holding gold. It is old school.
Who wouldn't want a treasure chest filled with rare diamonds jewels and gold?
There is no doubt about it that gold is for rich people but keep in mind that bitcoin is in the startup and bitcoin could be for rich people in future.
I am also lover of crypto that's why i am saying that bitcoin can be reach gold level in future but for now gold is king.
https://www.fxempire.com/forecasts/article/gold-bitcoin-and-the-usd-the-main-games-in-town-582237
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June 24, 2019, 07:19:54 PM
 #177

Today's charts for Bitcoin/USD and Gold/USD look somewhat similar. They are going way up with similar green candles. These three investments are in cahoots: BTC, Gold, and USD.
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June 25, 2019, 01:59:01 AM
 #178

I prefer bitcoin than gold. because the increase in the price of bitcoin is much faster than the price of gold. Gold prices only rose 10% the highest each year while bitcoin can rise up to 1000% in a year. and this proves that investing in bitcoin is far more profitable than investing in gold.

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June 25, 2019, 03:34:04 AM
 #179

Do you buy gold coins? What kind of coins? Do you buy gold bars? Where?

The most reliable stores to purchase bullion are APMEX and Kitco. Their prices may be slightly higher than those from your local pawn shop, but the resale value will be higher as well. There are many different options available within these sites. The most popular coins seems to be gold maple coins (from Canadian mint), gold Kangaroo (from Australian mint), and golden eagle (US mint). Other options that can be considered includes gold Krugerrand (from South Africa) and gold panda (from China).

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June 26, 2019, 08:57:47 PM
 #180

Being longer for a longer time doesn't mean you can outperform your competitor. In reality, Gold is used because it has an inherent feature that it is used for art from being used as a store of value. BTC is used only to buy and sell. BTC cannot be turned into any other form as gold can be done. That's the reality but BTC is more decentralized than gold because not everyone will be aloud to mine gold but everyone who wants to mine BTC is free to do so without any governmental approval.

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