BTC vs GOLD

[cosmicbtc]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?
https://i.imgur.com/O3TsR3r.png

Courtesy- Financial Express

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[mk4]

I don't think it really affected the gold markets THAT much yet, though I wouldn't be surprised if it does take a huge percentage of the gold markets sometime in the future; it's pretty much just a matter of 'when'.

Here's a not-the-same-but-really-similar topic: Millennials Are Twice As Likely To Buy Bitcoin Than Gold https://bitcointalk.org/index.php?topic=5298360.0

[coinsolidation.org]

Hi,

I think that in order to give an opinion on these two large markets we should have some parameters as a reference between both assets.

A few days ago I found a post where a BTC vs GOLD comparison is made and I found it interesting to share.

In this, a comparison of the following parameters is made:

1. Transparency, Safety, Legality.
2. Rarity.
3. Baseline Value.
4. Liquidity.
5. Volatility.

After reading the post, I understood why each of these assets is currently located.

https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/

Regards,

[Kemarit]

It's inevitable though, we have seen some gold bugs moving to crypto specifically bitcoin because as investors, they are looking for a good asset that they can use to hedge their wealth. And besides the price of bitcoin is new all time high levels, that's why many of gold investors are diversifying their portfolio to include the 'digital gold' in their assets.

And I'm thinking that if we could take a piece of that slice and get those investors to shift to bitcoin, then this is the next phase that we are looking for to shoot the price to $50,000 - to six digits.

[MusaMohamed]

BTC vs Gold (Both Log Scale) Uncanny pattern resemblence between Golds 43 years of chart data and Bitcoins 9 years.

Source: https://twitter.com/Pladizow/status/1037827416587161605/photo/1

Days ago, one big guy decided to invest into Bitcoin because his detection shows bitcoin is repeating the fractal of gold for the future bull run, parabolic growth. IMO, the comparison is not necessary, bitcoin is bitcoin and its growth does not because of gold, gold pattern, fractal, anything. You can look at the fractal and its meaning for investment. Fractal can be from textbooks, any asset, not only from gold.

I have more interests in the S2SF model, not gold and its price pattern. I have strong belief in the scarcity of bitcoin, increase of demand and higher adoption for bitcoin. Price as a consequence of combined reasons, will get millions of dollar.
Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity
The live chart for S2SF model: https://digitalik.net/btc/

[choechristian00]

Bitcoin vs. Gold: following the recent stock market turbulence, especially in the last few months or so, people have begun to increasingly look at gold as safe haven investment. In the meantime though, cryptocurrencies or Bitcoin investments have also unexpectedly expanded. According to financial analysts, and though equity prices were increasing before the Covid 19 pandemic, Bitcoin was incredibly unpredictable. So as an investment, is Bitcoin better? Experts claim in current circumstances that it is gold that scores above cryptocurrency to its famous bitcoin type. The explanation for this is that gold investing has proper oversight, while bitcoin investment is not at all regulated. its extreme uncertainty still renders it unsuitable, even for those who have previously invested in it.


 

[mk4]

It does not really to be honest, they just release this article to scare away potential diverse investors from trying to invest in bitcoin.

What? It's literally a topic that's pointing at Bitcoin bullishness. How is this article made "to scare away potential diverse investors from trying to invest in bitcoin"?

[cydrix]

It does not really to be honest, they just release this article to scare away potential diverse investors from trying to invest in bitcoin.

What? It's literally a topic that's pointing at Bitcoin bullishness. How is this article made "to scare away potential diverse investors from trying to invest in bitcoin"?

Lol that's right no one would've believe bitcoin is a thing now and scaring potential investors isn't even hard because of the risks involving cryptos. All the bullish of Bitcoin these times inspite of the rise it wil be hard to recruit some investors just to buy bitcoin, I think he confused himself from the post and didn't read most of what's on the article.

[NeuroticFish]

Gold is used as a store of value by those with "older" mentality: low volatility, usually rising.
Bitcoin is used by those with some more appetite for risk and more tech savvy.

In time Bitcoin will become more stable. In time the older people will... leave room to others, which may at least be more tech savvy.
Now there's a demand for both. In time the balance will probably shift more and more towards Bitcoin.

[Maestro75]

People will once in a while move their cash from one investment platform to another and that is what they have done from gold and other assets to Bitcoin now. It is not something new as everyone want to always safeguard their capital and keep a good profit margin. Soon, the money from Bitcoin will also move out elsewhere either to altcoins or to stocks or even back to gold. It is a circle.

[msarro]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

Most like the Gold and Bitcoin is much the same? but for me i think if i'm going to be for a long term investment i'll go for Gold well the price of it won't crash dramatically unlike the Bitcoin that in any moment it will crash and so the cons is that i can't pay gold online unlike Bitcoin which more likely a Gold of the internet.

[onooks]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

bitcoin is in demand because of its technology that is currently used by many industrial companies. While gold does not have gold technology is purely from nature, fundamentally and its survival in surviving gold remains the best if the time when the internet no longer exists. However, the best today is still bitcoin because so many people like programmers are interested in developing it.

Gold will not suffer for years due to bitcoin, will suffer forever.

[Wexnident]

as digital currencies become increasingly popular as an asset class

This line was an inevitable conclusion imo, and this phase is probably just the transition, the beginning so to speak. Idk if it has affected the market that much, but I suppose it's only a matter of time, especially since Bitcoin itself is becoming more and more favorable in the eyes of the majority. You can expect people who know how to invest in gold to know about BTC, but I'm guessing that those who know how to invest in BTC don't know much about gold.

Most like the Gold and Bitcoin is much the same? but for me i think if i'm going to be for a long term investment i'll go for Gold well the price of it won't crash dramatically unlike the Bitcoin that in any moment it will crash and so the cons is that i can't pay gold online unlike Bitcoin which more likely a Gold of the internet.

Gold isn't that appealing as a long term investment, unlike gold, which is probably why it became like this. Not to mention the ability of Bitcoin to become a safe asset itself, with time that is.

[ethereumhunter]

Bitcoin vs Gold? I wonder who will win

I don't think that the popularity of crypto will impact the gold market. Gold has its own market, while crypto also has its market. But if the demand for gold increases, that will make the price will also increase. I think that will happens too with the bitcoin price. But gold still the people's favorite to save their money, but soon, they will also know that bitcoin can do the same as gold.

[eucalyptus]

Well of course I support cryptocurrencies against gold, silver or any other physical assets and thanks to Satoshi and Bitcoin, now we have a new financial technology : Blockchain. And this technology can be used in any industry. But in order to use Bitcoin and any other crypto coins we need computers and internet. What if some days come and we cannot reach computers and networks? I mean any disaster in the world. Gold is also in limited numbers. And then people value what they hold physically.

In short what I want to say is, we cannot compare Bitcoin and Gold. Maybe there will be no winner. Both will leave as brothers...

[lifeforcepools]

Why compare these two assets when you can trade each of them?

[cryptocovetrade]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?
https://i.imgur.com/O3TsR3r.png

Courtesy- Financial Express

People are selling gold for bitcoins. Thats strange.

[kentrolla]

Partially agree with JP Morgan before few years people were investing only on gold because it was the huge amounted asset which will give you big returns, gold is stable investment that is almost a guaranteed return on our investment but BTC has surpassed everything and changed the revolution.

Right now BTC is a better investment comparing to gold but you also have the potential to lose lot of money, to me both are like rank holders and BTC would be declared as winner.

[AakZaki]

~snip~
but for me i think if i'm going to be for a long term investment i'll go for Gold well the price of it won't crash dramatically unlike the Bitcoin that in any moment it will crash and so the cons is that i can't pay gold online unlike Bitcoin which more likely a Gold of the internet.

Guessing the reason you chose gold, this is because gold is a Safe Haven asset. In addition, gold already has recognition of its value throughout the world about its value or price. Then, if I'm not mistaken, gold is not affected by the interest rate, monetary or fiscal policies set by the central bank or government. In contrast to bitcoin, only a few countries recognize and legalize it. Although in terms of technology, gold is far behind, the level of confidence in gold is much higher. Because of that, I currently have two investments which I consider to promise the first gold the second bitcoin.

[Zemomtum]

This is all about investment strategies. How much has gold return in term of profit as compared to that of Bitcoin, portfolio managers know which one to choose and 2021 will be epic, not only Gold but the stock market will suffer for cryptocurrencies.