ElmedoRator
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February 18, 2021, 12:11:54 PM |
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I see it having an impact but does the level of influence really matter, since the current situation is that almost every market in every sector I see is rising, not just bitcoin. If you pay attention, gold, stocks, ... are all increasing, showing that the trend of many people is to use money to invest in different financial markets. At this stage they will have little effect in the way that it decreases and everything goes down, or it increases and everything increases. I think the two markets are independent, and they have mutual financial links rather than interactions.
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Nunoluck
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February 18, 2021, 12:24:57 PM |
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There are some difference between gold and bitcoin that make them very different. For example gold is material thing and bitcoin is immaterial, the physical form of gold is not only has high value but also useful. Gold usually used as jewelry too. So bitcoin will not affect gold too much, there are many demand for gold forever so the price of gold will keep increase. But for now I prefer like to invest in bitcoin rather than gold since this market condition is very good.
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yohananaomi
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February 18, 2021, 12:35:03 PM |
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Bitcoins and gold both compliment each other, Bitcoins provide unpredictable growth with high potential which is perfectly suitable for long term investment but its highly risky since it can crash anytime without any knowing. On the other side, Gold seems not to do much most of the time in term of increasing but it gives you safety and security and reduces the risk of getting stolen.
the two are clearly different but I agree that they can work together to complement each other as fellow investments. bitcoin is certainly an unpredictable investment, but based on existing experience, it can be analyzed when there will be an increase, as now is the time for bitcoin investment to be happy. about the risk it is clear that bitcoin has a high risk and little gold, but the resulting benefits also differ according to the risk it carries. but gold has the advantage that it can be used for some people, it is often used as an accessory and an appearance that shows one's identity, while bitcoin is formless.
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dihari
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February 18, 2021, 12:43:11 PM |
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i don't think this topic about btc vs gold is still debatable issue. if a finance company like jp morgan said it, then it's true. big or small, bitcoin are giving some effects to people on how they could invest their money. it doesn't matter if many people skeptical about bitcoin, but for sure it rocks the world of investments. but the most important thing is, the price of gold can be down not because the value of gold is down, it's just because people might move their money to bitcoin because they think they can earn more profit in short time.
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Dutchyyy
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February 18, 2021, 06:35:49 PM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FO3TsR3r.png&t=665&c=Zfx5iCzQbeyw7g) Courtesy- Financial Express Continued gold production, which is likely to increase in the coming years, is in stark contrast to BTC's fixed supply. As we know, Bitcoin is designed to have a fixed supply of 21 million units. This fact as well the direct influence related to political decisions of the United States, the Federal Reserve and others is becoming more and more noticeable, and this will affect the desire of buyers for the precious metal, in my opinion.
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MinoRaiola
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February 18, 2021, 07:39:21 PM |
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I have a strong fomo chart for you here. In Germany there is also a social media trend #ichbinbitcoiner where many people compare gold with bitcoin. and everyone is positive and one politician thinks that it is an attack on the fiat system. i think it is the attack on valuables like gold. Gold is no longer believed to be a valuable investment for young and innovative people. Unfortunately, gold is something for the conservative. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F2qHDBvb%2F9-B13134-E-0374-483-E-BD7-A-B99360-C01407.jpg&t=665&c=5_oZ77moms8tWg)
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SmokerFace
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February 23, 2021, 08:09:05 AM |
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Bitcoins and gold both compliment each other, Bitcoins provide unpredictable growth with high potential which is perfectly suitable for long term investment but its highly risky since it can crash anytime without any knowing. On the other side, Gold seems not to do much most of the time in term of increasing but it gives you safety and security and reduces the risk of getting stolen.
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Daryl_Dixon
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February 23, 2021, 01:29:20 PM |
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I do not accept this. What has gold got to do with bitcoin? People should evaluate the market themselves, bro! When gold is a physical thing, what does it have to do with a virtual thing?
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Rasel5209
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February 24, 2021, 07:15:29 PM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FO3TsR3r.png&t=665&c=Zfx5iCzQbeyw7g) Courtesy- Financial Express Bitcoin and Gold is two different way her uses or something. People buy gold for showcase but bitcoin buy for earning. So i think bitcoin can not affected gold market.
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Mituletr
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March 02, 2021, 03:45:17 AM |
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And gold isn’t even anywhere near bitcoin in terms of portability, scarcity, divisibility and security.... what we are about to experience in coming 10 years as regards to bitcoin price and ecosystem is going to defy any logic humanity has ever seen.
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Sithara007
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March 02, 2021, 04:20:38 AM |
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And gold isn’t even anywhere near bitcoin in terms of portability, scarcity, divisibility and security.... what we are about to experience in coming 10 years as regards to bitcoin price and ecosystem is going to defy any logic humanity has ever seen.
Gold has its own advantages. The factors that you have mentioned (such as portability and divisibility) are not among the merits of gold. Gold is in use for many thousands of years and it is accepted all over the world. However, if you are looking for a semi-liquid asset that can be easily transferred, then gold is not the suitable candidate. However in terms of scarcity, gold is similar to Bitcoin. Easily extractable reserves of gold are already exhausted and now it needs to be mined from less-profitable deposits. That means that the cost of production will go up in due course of time. In theory, mining of gold and Bitcoin mining are very similar.
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Matimtim
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March 02, 2021, 06:14:28 AM |
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Bitcoin is getting more expensive and became more popular in the entire world and yes it's a serious things that can effects its price that why more people invested their money there to make money, and that the reason why there are some people in this world says bitcoin price will defeat the price of gold.
Gold is hard to use to pay your bills but using bitcoin you can transact in all over the world without any trouble.
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MinoRaiola
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March 02, 2021, 07:18:33 AM |
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In the original sense, digitization refers to the conversion of analog values into digital formats. The term digitization also stands for the digital revolution or digital transformation. Even if Bitcoin has become socially acceptable on Wall Street and hedge funds, family offices, foundations and pension administrators want to participate in the boom through investments in special crypto funds, we have not yet broken through the conservative structures. Judgment by Janet Yellen: The US Treasury Secretary sees Bitcoin as a "highly speculative asset" that is mainly used for illegal activities. Either you want to protect yourself and you are afraid that many are cursing BTC, or she did not understand it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FnfswvGd%2F123.jpg&t=665&c=yb7JHvdbyT1jtg)
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BeManga
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March 02, 2021, 07:51:21 AM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FO3TsR3r.png&t=665&c=Zfx5iCzQbeyw7g) Courtesy- Financial Express Because of the increase of the popularity of Bitcoin in the recent month, Bitcoin really affect the gold market Companies and investor are starting to invest some in Bitcoin instead of going all-in on gold because BTC is kinda new and fresh some people invest in gold for Wealth protection and financial exchange and bitcoin is better in these terms The investor already discover it and will try it for now until they trust and feel secured in the past few months it only affects a little, but in the long term when investor start to trust bitcoin it might really affect the gold market big time
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LUCKMCFLY
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March 06, 2021, 09:04:18 PM |
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It should be noted that due to the pandemic many investors who have been believers in the stock market, forex, gold have seen bitcoin as a safe haven, some investors have not doubted it, they prefer to invest in bitcoin because it is giving profits quickly. It should be noted that gold has much more history than Bitcoin, but this is like comparing which is better if Bitcoin or Fiat money? Both are needed, both have analogous purposes, they represent money, I think that Gold will always maintain its value, it will be seen as one of the main precious metals with the most value in the world, but Bitcoin represents technology, future, value ...
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yohananaomi
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March 07, 2021, 05:51:08 AM |
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Because of the increase of the popularity of Bitcoin in the recent month, Bitcoin really affect the gold market Companies and investor are starting to invest some in Bitcoin instead of going all-in on gold because BTC is kinda new and fresh some people invest in gold for Wealth protection and financial exchange and bitcoin is better in these terms The investor already discover it and will try it for now until they trust and feel secured in the past few months it only affects a little, but in the long term when investor start to trust bitcoin it might really affect the gold market big time
Is what you say can be true that with the increase in bitcoin affecting the gold market, I can believe it but there is also doubt because there is no direct relationship that causes gold and bitcoin to be connected directly as well as the relationship between bitcoin and the circulation of $ US. After @elonmusk's tweet last year, I really believe that many large companies have started to shift their investment, which has been possible to foreign exchange, shares to bitcoin because bitcoin has been more profitable than both. so that not only companies, but brokers also flocked to buy bitcoin, so that the scarcity of bitcoin made the price of bitcoin unstoppable. gold is only profitable to be used as an investment because the risk is very small compared to bitcoin, but the benefits are inversely proportional because bitcoin is very profitable. gold is more used as an investment because it only shows one's identity because it is more in the form of accessories for the body, bracelets, necklaces, rings, etc.
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Negotiation
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March 07, 2021, 07:05:32 AM |
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Bitcoin is a very profitable currency for investing where there is no gold near bitcoin the risk is low but not as profitable as bitcoin can be used for gold by gaining profit gold is much needed externally. Bitcoin's price is not comparable to gold bitcoin is kept secret for use,so it is protected from gold.
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Kong Hey Pakboy
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March 07, 2021, 11:30:30 AM |
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I do not accept this. What has gold got to do with bitcoin? People should evaluate the market themselves, bro! When gold is a physical thing, what does it have to do with a virtual thing?
I'm thinking the same thing. For me Bitcoin has really not affected yet the Gold big time. Gold is as what it is. We Bitcoin users just sell our holdings so that we may use our assets in our daily lives especially if we use it on the market that accepts fiat currencies, because for now we really cannot pay with bitcoin in normal stores and merchants. Two currencies are different and they are revolving in two different systems, so I think there's no significant effect between the two.
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Skieleton
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March 07, 2021, 04:09:57 PM |
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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://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FO3TsR3r.png&t=665&c=Zfx5iCzQbeyw7g) Courtesy- Financial Express Bitcoin is digital gold and that means it's faster. I can move it to a thousand places in seconds. He is stronger. I can pawn a hundred million dollars for three hours in Japan on a Saturday afternoon. Considering the fact that Bitcoin is an infinitely hard commodity while gold can be produced by people with sufficient motivation, I realized that in the long run, Bitcoin is a harder commodity than gold.
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Spaffin
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March 07, 2021, 04:48:59 PM |
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Bitcoin is digital gold and that means it's faster. I can move it to a thousand places in seconds. He is stronger. I can pawn a hundred million dollars for three hours in Japan on a Saturday afternoon.
Considering the fact that Bitcoin is an infinitely hard commodity while gold can be produced by people with sufficient motivation, I realized that in the long run, Bitcoin is a harder commodity than gold.
The fact is that when trading gold, a trader does not carry metal with buckets from seller to buyer, but also operates with numbers in the market. In addition, today Bitcoin is mostly used as a speculative asset, while gold for many is a real storage. Undoubtedly in the future, Bitcoin will also achieve the same capabilities, but today the differences between Bitcoin and gold are significant.
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