BTC up 42% year to date while Gold did good at 28%. Will it carry on?

[vennali]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

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[jpnl0006]

Rather than go by the nuerical increase via the percentage scale of determining the upscaled price of bitcoin as compared to gold, i will preferr to work with the number of people who have gained knowledge of the technological framework of bitcoin and has been the driving force behind the increase in advantageous competition between bitcoin and gold.

[20kevin20]

The current worldwide economic status makes this happen. And, imo, we are only getting a very quick glance of what's to come. Whether BTC is about to follow the uprise of safe haven assets or not is the never-ending debate that makes no sense anyway - it's us who will decide whether it is or not.

Personal opinion: the elderly will purchase more gold, the younger will lean towards BTC for a safe investment. We'll see what's going to happen. If the above comes true, BTC and Gold will go in tandem.

[mk4]

Who knows dood. Bitcoin could keep growing to all-time highs in a month or it could go back down to the $3000 levels in a week.

You've been here since 2013— 3 solid years ahead of me. If there's something you should have known by now, it's that bitcoin is unpredictable as heck, and that speculating what's going to happen in the short term is a total waste of time.

[The Cryptovator]

First of all, I don't want to compare bitcoin with gold. Gold has real-life existence and Bitcoin is a digital decentralized cryptocurrency. Gold doesn't need to be backed by Bitcoin backed by the community. The most important thing is Bitcoin is high volatile cryptocurrency and gold price is stable. So, compare the price trend bitcoin & gold wouldn't possible. You might indeed get a high return from the bitcoin due to volatility, at the same time you might lose huge funds as well. Most of the time Bitcoin price trend is higher than gold. I believe it will happen always, we can't imagine after 20 years where will be the bitcoin price but believe gold can't run with bitcoin anyway.

[minairia3]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

I think bitcoin is highly risk asset compared to gold. I know both fan go up and down but we can be sure that bitcoin is more volatile than gold based on the past history. I like how the bitcoin moves lately and continue to rise even there are market crisis happening. Im more bullish though on digital crypto than gold.

Anytime it could also got dumped. Knowing many whales are having fun to play their funds on the market.

[buwaytress]

Yeah, you know how Bitcoin is. Spends most of the time doing nothing and 1% of the time near ATH, and any which way you look, loves to go in parabolic cycles that means if you don't catch the top, you'll spend most of your Bitcoin holding in tears UNLESS you dollar cost average like us smartie pants.

Gotta say those gold fellas been doing it far longer than us though and their long term is much farther in the horizon than us.

Think gold will catch up on BTC this year, and we still have a good 5 months to see what Bitcoin does.

[Vatimins]

     I personally think that comparing bitcoin related numbers with numbers related to gold wouldn't really do much for anyone concerned since they are both like water and oil. It really doesn't make sense. But for the sake of it, I don't think bitcoin will stay as so because clearly in the past years and months we have seen it move a lot unlike gold that almost doesn't make moves. In short, it is less likely volatile compared to btc.

[crzy]

On the current pump, I can say that gold really lift bitcoin up to where it is now and I support this two because of their real value. The market struggles a lot on the past months and its good to see bitcoin actually pumping along with the good altcoins, gold will never be left behind because it is acceptable by many. If bitcoin breaks another wall, I optimistic for the price of $12k.

[Jet Cash]

Gold, silver, copper and lead are all up. Fiat currencies seem to be dropping. It's difficult to know what one should use for comparison.

I believe that Bitcoin is the only hard digital asset, so maybe we should use a basket of " real "assets for the comparison. Now how about rare earths. They really aren't so rare, but production has been controlled by China. This is changing quickly, so their prices will drop as other counties expand their mining interests, and this could affect the price of some of the precious metals.

[cosmicrays]

Bitcoin may stop abruptly, and gold will gradually continue to grow in price.

[Yamifoud]

We better forgot the gold here because there is no such significant effect on its price as what happens to Bitcoin by now. The surge of Bitcoin as we currently experience today will definitely not affects gold in return. We can imagine how volatile is Bitcoin unlike we saw for gold, in fact, there is no such Bullish term in gold which unlikely to hear and see in the crypto market.

Bitcoin price is moving straight forward after surpassing the $10k wall, but we can expect for its continuous market gains. Because after this surprising market jump, dumps as to follow, we have this scenario almost all the time. Can't just ignore this thing.

[Velkro]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind.

Personally i think prices of gold and Bitcoin are tangled together a bit.
Covid hit economies all over the world, all goverments printing money like crazy making money less valuable.
Things separate from money like minerals or Bitcoin are gaining value because of that.

[Kemarit]

Bitcoin may stop abruptly, and gold will gradually continue to grow in price.

We can't really compare, Bitcoin is still fairly young as Gold has been the solid choice to hedge your wealth for many years now.

They could decouple or not, so it's better to see how Bitcoin will grow by it's own and not compare it to assets, like Gold, the only thing that is similar is in terms of being scarce. So there will be gold bugs around, traditional investors who would rather put their money on it, and of course the obvious crypto enthusiast and maximalist - HODL mentality.

[philipma1957]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

a year ago in July 2019  btc was well over 13000 and it is now 11000.

june 27th 2019 btc was 13300

so it is not that hot 

of course pick june 27 2012 to now it is really hot

[Scripture]

Bitcoin breaks big walls along its way and easily reach the level of $11k which I think can still go up to $12k right before we enter the ghost month. The correction will begin on ghost month which is very common and we can see its previous trend during that month. Bitcoin and gold is both great, if you can have these two then much better.

Bitcoin may stop abruptly, and gold will gradually continue to grow in price.

No one can stop the gold despite that no one can know the total supply of gold, but I don't think bitcoin will stop from growing even if we totally mined its whole supply.

[Cnut237]

BTC has had great returns based on year to date

Year to date is probably not hugely relevant for something as volatile as bitcoin. It's up over 100% since late March, and is at roughly the same price it was a year ago.
If you're looking for a good way to visualise the price trend, I'd say use CMC with the chart set to 'all-time', and use a log scale so that historic data at lower price points doesn't just smear into a flat line.

[Slow death]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind.

Whenever there is a crisis, the rich run for gold so it is complicated to keep comparing bitcoin and gold. my advice: invest in both because with gold the person is less at risk and with bitcoin the person enters the most aggressive way taking many risks and earning a lot of money. the combination of gold and bitoin is a good thing

BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

if bitcoin succeeds in breaking the $ 13,000 then we will see a price growth much higher than the gold price increase

[DeathAngel]

Negative interest rates are a thing now, fiat money is going to drop in value due to constant money printing. People with money are getting out of fiat & into gold & bitcoin, I predict both will keep increasing in value whilst we go through a great depression due to covid. 

[milewilda]

BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

The question is , does it really need to have such comparison when it comes to their price increase annually or a on specific time? People do keep on doing this since where btc do being compared out
from stocks/currencies and gold which to think that they are indeed different market. When it comes to volatility aspect then theres no doubt that Bitcoin do have it but we know on how precious is
Gold is and when it comes to security and confidence then nothing beats out to this precious mineral.When you are serious on making profits then you can have both as you like.