Gold is the new gold... or the old gold... or both

[blockman]

I think bitcoin might be looked at more negatively than in a positive manner in this tensed situations, because a major portion of the countries are actually not very friendly to crypto, and crypto doesn't have the long history of proven value as gold has, like, gold is considered as valued by probably 100% of the countries that exist, so, in these situations, fiat might be scrutinized, gold will be seen as positive while crypto negatively.

In the past, it's utterly that negative view that many people look at bitcoin. Today, it's not the same anymore. It just keeps on adding that there are countries that recognize how good it is and the bad view that has been with it in the past is changing constantly. And it's amazing to see that when bitcoin has dropped a lot, just after a few days we saw a pump that we're all happy about. The difference between gold and bitcoin is truly a lot but if you're for gold, there's nothing wrong with that as you can take both of them as an asset. Still, bitcoin is the store of value for many of us and as for a country, we shall see if many of them are going to make it as a reserve.

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[Sir Legend]

It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

Bitcoin and cryptocurrencies which carry the concept of decentralization, of course, very much depends on the user and community, now it is easier for transactions with bitcoin so I'm sure it will make users continue to grow and of course it will have an impact on prices that will continue to rise, hold and be patient for at least 5 more years then we will see the difference compared to now.

[andriarto]

It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

Bitcoin and cryptocurrencies which carry the concept of decentralization, of course, very much depends on the user and community, now it is easier for transactions with bitcoin so I'm sure it will make users continue to grow and of course it will have an impact on prices that will continue to rise, hold and be patient for at least 5 more years then we will see the difference compared to now.

The behavior of bitcoin's movement lies in the activities of its users, but by comparing it with gold and the current situation where there is a conflict between Russia and Ukraine, I think it has an effect even if it is only for a moment, and that too occurs because of the momentary panic of the users. and we can see at this time where bitcoin is back up after experiencing a decline

[Dunamisx]

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

For now it can be yes as an answer, why is because:
Bitcoin is still the first and leading cryptocurrency so far we had and maintain that,

You can also confirm that from the prize it worth, although it run bullish alongside bearish in style in which that's the law it obeys on volatility, and it price nor value isn't compared nor affected by any  other stock markets, therefore bitcoin is an entity on it own and stand by to determine its market value from within the equilibrium of it demand and supply, market cap, market vol. and the rest.

In other way round, we can say no because change is the only constant variable in life as no one knows what the future is about to bring, possibly another coin system when the evolution of metaverse is fully achieved. But as at present, bitcoin still remains the lead and maintain it uniqueness just as valuable as gold is.

[hatshepsut93]

I still believe that bitcoin will one day be digital gold in a sense that it will be a safe haven asset, but it might take us a decade or two to get there. It needs to be regulated in most countries, because regulatory uncertainty is a major factor for viewing bitcoin as a risk asset.

[ninis45]

To say bitcoin is new gold seems too much, I'm sure bitcoin will continue to fluctuate even though one day the price of bitcoin reaches $ 1 million, not having a physical form is an obstacle because there will be many cases of wallet hacks that make us hear about it every day. as long as bitcoin is still valuable and profitable I just want to join the profit in bitcoin.

I myself until now assume that bitcoin will not be able to become gold now and forever because seeing the growth and increase in the value of gold tends to be more stable and safer
while bitcoin is not like that and is more risky but I believe owning and storing bitcoins will provide benefits and the level of security is more reliable in our hands

[TheUltraElite]

Fluctuation in Bitcoin prices should not bother one, especially those that have been into the crypto market 3 years upwards.

It bothers those who get in the wrong price/time. Their own lack of research on past prices is the blamed for that. But these people make the maximum noise in social media.

I get to know about Bitcoin in 2017 when it was around $17,000 and with more than three years of investing I can say that the price now should not delay or disturbed anybody who is interested in investing and just take the opportunity now to do that.

The war situation has made the price fluctuate but this is more prominent in fiat and metal sectors than bitcoin. Bitcoin has been moving between 39k to 45k over and over in cycles. I dont think the situation is making this but some bear trend that had started before the war. Nonetheless, good time to buy right now, but probably lower prices will be reached.

Gold prices did drop and if someone wanted to buy gold coins/bars, this is a good time for that.

I still believe that bitcoin will one day be digital gold in a sense that it will be a safe haven asset, but it might take us a decade or two to get there. It needs to be regulated in most countries, because regulatory uncertainty is a major factor for viewing bitcoin as a risk asset.

No asset is ever a safe haven. This is a temporary bubble phrase. Each has its own risks and benefits, depending on which one must make the choice of whether they want to allocate a part of their portfolio. Regulation of bitcoin is still not clear how it will happen, therefore instead of thinking what will happen, take action now and stock up on bitcoin at lower price. I am optimistic about regulation and I know it will be for the better only.

[Fortify]

It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

It's somewhat predictable that this was going to happen with cryptocurrencies. Gold has been a store of value for decades, if not centuries and that is because it has a fairly predictable limited supply. It is used by people in many countries to offer protection and stability against any volatility within their local currencies, which it has been able to do relatively well for a long time. There have been large swings in the price of gold but the historical trend has always been drifting upwards - it has jewelry and industrial usages. Contrast that with cryptocurrency which has only been around for about 14 years and there is bound to be some jittery behavior in periods where the markets are facing huge volatility.

[so98nn]

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

If still somebody says that BTC price is not correlated with stocks even after the April episode, I'm really going to virtually slap that guy...

This is a graph from a previous discussion

[...]

SP, NASDAQ  and Bitcoin today:
[...]

The same bouncing, from the start of the day bitcoin is up 2.4 %, S&P 500 1.5%, NASDAQ  3.4% and Dow 0.3%.
I don't know where it got this tight up to the stocks but right now is swinging the same way around, of course, it has better gains than it and it's pretty normal for it but it will take the same hits.
On the bright side, that means being a global currency or asset, it comes with pros and cons.

So does it mean now bitcoin is also nothing more but the stocks and shares that we used to trade in the real world market. I am definitely more into bitcoin these days than I was into buying shares of company or even trying out mutual funds, SIP's. The reason for me was bitcoin's independent nature from the real world. I mean yes its volatile, crazy ups and down but it was something to trade with when you are into swing or day trade. If it starts to follow the patterns of share market, then thats gonna be end of fun ride isnt it?

Over the period, big fortune 500 would be comparable with the bitcoin or other coins for example. So its like brokers will jump in, and institutional investors would be one of the leaders in the market for same thing.

Bitcoin has to be independent. It must be that way so that we can escape the shares and stocks when they are bleeding out. But not the other way around.

[aysg76]

Yeah few days back we saw the actual gold prices rising suddenly amid the war crisis while the bitcoin was paving it's way to rise but failed and started to dump again but what after that? How many people were able to use gold in these war times which they called safe heaven? The majority started using crypto especially bitcoin as banks in both countries poses restrictions on fiat uses and Russia even blocked the accounts of people depriving them of their own money.At this time only helping hand to common man was bitcoin which was their last hope and their own funds.

The prices start to rise once again and stood at $43k down to $39k at this time but gold market also saw Major downfall but the thing is nobody will talk about it in the same way they declare btc dead with each crash or dip but soon the world will recognise the true importance of it.

Few days back only there was conversation about this gold topic in WO thread and here is one post from the same :

Peter Schiff falling the rabbit hole with his gold bars :



Those who were happy with gold prices surging this is how gold rug pull happens:



The blue lines are gold representation and orange one for the one and only bitcoin.

You see how much it was dumped after that because at the time of urgency there is no market to take your gold as everything is being destroyed but bitcoin could easily help you out.It can't stop war but it can help you survive whereas gold is becoming more of commodity giving no return and bitcoin is store of value steadily rising and can be used as monetary tool also.

[STT]

Theres a difference from the base value, the yield given to holders and then the market value which reflects liquidity.   Russian stocks for example will crash as the ability to trade them freely is restricted but the base value to Russian oil and gas reserves still remains in that ownership   The yield will depend on the companies ability to retail and Russia does still sell oil and gas daily.
 Gold has no yield, it has no counterparty risk or ability to suspend its trading centrally and its global not subject to national governments.   In times of war gold is exchanged for goods, its always been that way.
  BItcoin has some fractional trading as its quoted on FIAT markets alongside all assets (even gold has this leverage) so is subject to reversal when liquidity retracts, thats the initial reaction but we've also seen it rise from speculation it will be used outside of the dollar system.

[newdevices]

Gold and crypto both are valuable but i think both are different base.Gold is most valuable things offline but Bitcoin is most valuable coin in crypto market. Bitcoin is long term coin and bitcoin huge development increase last few years  but gold price increase little. I think gold and bitcoin price will be more increase in future.

Both do have a high value and the most obvious is that for gold itself it is an offline asset which has a tangible physical form,
while for Bitcoin it is better known as an online asset which does not have a physical form,
what is certain between Bitcoin and gold are both profitable investments

[Argoo]

To say bitcoin is new gold seems too much, I'm sure bitcoin will continue to fluctuate even though one day the price of bitcoin reaches $ 1 million, not having a physical form is an obstacle because there will be many cases of wallet hacks that make us hear about it every day. as long as bitcoin is still valuable and profitable I just want to join the profit in bitcoin.

Gold has always been, is and will be one of the most valuable metals, as it has been for many millennia. The cynical invasion of Ukraine by eight Russian armies on February 24 shocked many. Traditionally, the price of gold has jumped, but cryptocurrencies have fallen, but now they have almost recovered. Almost the same impact on the cryptocurrency occurred as it was with the official announcement of the coronavirus pandemic.
But I don't think bitcoin will ever go up in value to $1 million. Even if he has such an opportunity, it is naive to think that states will allow this.

[tygeade]

Gold and crypto both are valuable but i think both are different base.Gold is most valuable things offline but Bitcoin is most valuable coin in crypto market. Bitcoin is long term coin and bitcoin huge development increase last few years  but gold price increase little. I think gold and bitcoin price will be more increase in future.

Both do have a high value and the most obvious is that for gold itself it is an offline asset which has a tangible physical form,
while for Bitcoin it is better known as an online asset which does not have a physical form,
what is certain between Bitcoin and gold are both profitable investments

The both of them are really good investment, in fact I would advise anyone to also invest in gold. Gold has been one of the best investment that anyone can make for years now. Before I got to know about Bitcoin I once invested in gold, and it was really worth it.

Although I decided to choose Bitcoin over gold, because Bitcoin is more easier for me to access, and it doesn’t really need any intermediaries, is just straight to the point, and also you are more likely to get bigger profits from investing in Bitcoin than you would in gold. But the both of them are really good, and they would make you profit if you are to invest in any of them.

[dezoel]

But what were you really expecting from bitcoin?

The current price of Bitcoin now, which is around $40,000, is more than what it has been before 2021. So, isn’t that a good progress so far?

You know that there is no way that the price of Bitcoin would keep on increasing on a steady, there will always be time like this when there is a correction and the market is bearish.

It is not normal for a market to always be bullish, there will always come a time that it will take a break and it will go to a lower price and become stable at that. But, it is not going to be permanent, after some few years there's also going to be another Bull run in the market.

[Semar Mesem]

Since I know bitcoin about 10 years ago the sentence to say bitcoin is digital gold I often hear, of course we can't compare gold and bitcoin because it will be very different, the thing that always makes me curious is whether bitcoin can last at least another 10 years? while gold was received thousands of years ago and of course it will be accepted for thousands of years.

[fiulpro]

It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

Few things that can be considered when we think about bitcoins as a whole :

1. Freedom of digital movement at any time
2. Much more profits on short term holding
3. Trading made relatively simple
4. Unbiased and nearly untouched by the governmental assets
5. No waiting time while selling when you are trading digitally ( digital gold) on certain platforms as well

I understand the bitcoins fell but do you really think it's not gonna rise ? I do think that comparison is futile but Bitcoin is the one that have helped me escape this war and it's the one that's paying me through every thick and thin. I would certainly consider bitcoins more profitable over gold.

[SaveOurSea]

Since I know bitcoin about 10 years ago the sentence to say bitcoin is digital gold I often hear, of course we can't compare gold and bitcoin because it will be very different, the thing that always makes me curious is whether bitcoin can last at least another 10 years? while gold was received thousands of years ago and of course it will be accepted for thousands of years.

Basically gold and Bitcoin are different, I think nowadays almost everyone understands that,
when talking about will Bitcoin last another 10 years, I personally think it most likely can because at the beginning of the emergence of Bitcoin we did not expect that it would last this long and the price continued to increase,
apart from that we all do not know and maybe in the future cryptocurrency will continue to grow

[so98nn]

It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.

I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.

The problem is not with the bitcoin actually, the problem started when peeps around the world made it into fortune making machine by adopting it as institutional investment and brokerage based asset. As soon as they added it in the whole forex criteria we thought its gonna be good for the crypto space but we forget one thing, bitcoin actually got screwed as normal asset though practically it was supposed to be "decentralised" asset. But indirectly it got stitched to those institutes and broker firms. Peeps there might not be full crypto traders, they could be just sipping the honey kinda peeps who will sell when they will react to the global news.

Thats what happening. Its no store value, correct, lets not cry about it, we let it go that way over the period of time.