In times of war, Gold rises. What about Bitcoin?

[Darker45]

Yeah, I think there is still that part that many investors are not yet trusting Bitcoin, at least to the extent that they could trust gold. And I think that's completely understandable. Gold has been of value since time immemorial. Bitcoin's résumé may not be as impressive, especially to those traditional investors. But as per gold and Bitcoin's features, in times of war, Bitcoin is probably more advantageous.

Another reason perhaps is that Bitcoin's price is moving according to certain factors aside from the world's conflicts. Although such conflicts may play a role in Bitcoin's price, there could be more influential factors such as the upcoming halving in April next year or the repeated postponement of the SEC's decision on the applications of a Bitcoin spot ETF in the US.

[blue Snow]

I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.

Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.

Gold has physical form that was investor like, while bitcoin is still need the internet and electromagnetic.

so if the war still continues and gets worse, such as the nuclear war, Bitcoin will be useless and hard to use for transactions because nuclear radiation makes the internet and electromagnetic shut down. Investor know that, the nuclear war create the armageddon that make all internet network is extinct. So when they keep and buy gold, it could help them if that happens.

So, now, just thinking to do not making the nuclear war happen, let's make the peace world if we still love bitcoin.

Stop the war, or if we want the nuclear war, we must think about how to make the network still live even after the internet shutdown.

[pooya87]

You can't analyze markets like this, specially from a very narrow point of view. For example if you zoom out from the charts you can see that Gold price is only recovering from a big dump last month. In other words the current gold price is not new, it is what we had in last week of September.

When analyzing bitcoin there is also a lot of things to consider. For example bitcoin's market is a lot more manipulated than gold's. So obviously you can't expect same behavior. The rise is clearly being suppressed these days despite market's readiness for rallying.

As for war time, it is not yet war time! Despite the extreme brutality of the Israeli terrorists, this is a very localized war in a very small region. So unless it expands and gets a couple of countries involved you can't call it "war time".
So the world is still being affected by the very high interest rate that is literally sweeping all the capital from other markets into the shitty bonds governments are selling because that is more profitable. Unless interest rates are dropped we may not see any major rallies in either gold or bitcoin markets.

[Obari]

Gold is an asset which has been with the humankind since time immemorial, and its value is of no question.
Thus, we can't discard the fact that it is still one of the reliable assets that people want to hold given circumstances.
Bitcoin, is different as it is a digital asset and a very volatile one up until now.
If you are not a risk taker, you won't involved yourself in this market, you will prefer the tangible ones like gold.

Exactly,
If you're not a risk taker you shouldn't  get involved with bitcoin but I always tell people that the peace of mind with it pin comes when you can afford a while fraction of bitcoin which is owning one full bitcoin, because as a believer, ive always wish I can afford one bitcoin  and just be at peace because as long as bitvoin doesn't fall to zero, you're still in business and now imagine buying one bitcoin at the current market price and letting it grow to an an all time new price, that's cool profit without stress.

I've also been on the opinion  not to compare bitcoin, gold or even land and I once compared land and bitcoin but frankly, if I have my way, I would hold them all.

[DrBeer]

If you look at the current situation, it turns out - war is not the catalyst for bitcoin's rise....  There is no direct correlation between the Bitcoin rate and the beginning of Russia's terrorist war against Ukraine and economic terror against the EU in 2021-2022. Just as there is no discernible dependence of the Bitcoin rate on the Hamas terrorist attack on Israel and the rising tensions in the Middle East. The only thing that "undermined" the rate is the fake news about BlackRock.
It seems to me that in critical times people will prefer more liquid and more classic assets, especially against the background of unclear situation with cryptocurrencies in general

[Inwestour]

Gold has physical form that was investor like, while bitcoin is still need the internet and electromagnetic.

so if the war still continues and gets worse, such as the nuclear war, Bitcoin will be useless and hard to use for transactions because nuclear radiation makes the internet and electromagnetic shut down. Investor know that, the nuclear war create the armageddon that make all internet network is extinct. So when they keep and buy gold, it could help them if that happens.

So, now, just thinking to do not making the nuclear war happen, let's make the peace world if we still love bitcoin.

Stop the war, or if we want the nuclear war, we must think about how to make the network still live even after the internet shutdown.

Any nuclear war scenario will lead to irreversible consequences, and it seems to me that people will be of little interest in gold and Bitcoin. But even in this case, it will be extremely difficult to destroy the entire Bitcoin network, unless there are cataclysms on a global scale, which will change a person’s values, since he will have to think about surviving and finding food. I hope this never happens because everyone needs to understand the consequences of these decisions.

Gold is a safe haven asset, so investors use it during difficult times. Bitcoin is still too young and has a lot of challenges to go through before it will be accepted in the same way as gold.

[Natsuu]

If you look at the current situation, it turns out - war is not the catalyst for bitcoin's rise....  There is no direct correlation between the Bitcoin rate and the beginning of Russia's terrorist war against Ukraine and economic terror against the EU in 2021-2022. Just as there is no discernible dependence of the Bitcoin rate on the Hamas terrorist attack on Israel and the rising tensions in the Middle East. The only thing that "undermined" the rate is the fake news about BlackRock.
It seems to me that in critical times people will prefer more liquid and more classic assets, especially against the background of unclear situation with cryptocurrencies in general

Tho fake news add another complexity to understand crypto’s behavior during global events, I doubt it too that war directly affects it. If you are part of the victims of the war and everything feels uncertain, you would prefer something stable tather than bitcoin I think. People tend to lean towards more traditional assets during uncertain times like gold, real estate, or government bonds because they consider it safer and their value is more predictable. Cryptocurrencies on the other hand are highly volatile and riskier in such situations. It's all about finding stability amidst the chaos

[lixer]

I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.

Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated.

Bitcoin is highly volatile which doesn't make it a good choice for someone who needs to choose a quick store of their wealth. If your country is at war with another, the first thing you would think about is choosing an asset that is quite stable and wouldn't let your wealth lose a lot of value no matter how much time it takes you to withdraw it from there, and Gold is probably the first thing one would think of because of its stable nature and slow growth rate with no much drop in value over time.

It also can be because a lot of people might not know about Bitcoin in places where the war is going on, and gold is way more popular than Bitcoin, all around the globe, so people think of buying Gold with their wealth when they need an investment asset to save their money from devaluing for any reason.

[angrybirdy]

Gold is an asset which has been with the humankind since time immemorial, and its value is of no question.
Thus, we can't discard the fact that it is still one of the reliable assets that people want to hold given circumstances.
Bitcoin, is different as it is a digital asset and a very volatile one up until now.
If you are not a risk taker, you won't involved yourself in this market, you will prefer the tangible ones like gold.

Exactly,
If you're not a risk taker you shouldn't  get involved with bitcoin but I always tell people that the peace of mind with it pin comes when you can afford a while fraction of bitcoin which is owning one full bitcoin, because as a believer, ive always wish I can afford one bitcoin  and just be at peace because as long as bitvoin doesn't fall to zero, you're still in business and now imagine buying one bitcoin at the current market price and letting it grow to an an all time new price, that's cool profit without stress.

I've also been on the opinion  not to compare bitcoin, gold or even land and I once compared land and bitcoin but frankly, if I have my way, I would hold them all.

I would say that both gold and bitcoin are considered different types of investment. Though Bitcoin has more advantages in terms of transparency and volatility and when it comes to value, gold only appreciates its price as time goes by. Bitcoin, as a digital currency commonly referred to as digital gold, has a higher potential for growth but the value is uncertain and everyone is aware of that. You're right that we don't need to compare the BTC to gold as they have differentiation and if you're holding BTC, just hold it and wait till the value appreciates. In the end, Risk takers and investors probably would like to have both as long-term investments.

[AicecreaME]

Don't compare Bitcoin to gold because they have different backbone, just because the price of gold is rising doesn't mean that Bitcoin should too.

But if you're being hopeless because of that scenario, then let's compare. Why gold price doesn't increase that much compare the Bitcoin when it exist for a long time already unlike for Bitcoin which only started way back in 2009, correct me if I'm wrong. Gold is too old fashioned for me, hard to store, prone to thieves, etc.

[Aanuoluwatofunmi]

Is there a need for us to compare the worth of bitcoin with gold, they are two different investment assets, gold is a physical asset while bitcoin a digital one, this alone makes a big difference in comparing them together, bitcoin is decentralized whereas gold has always been centralized, they both have a unique characteristics when it comes to their usefulness in making an investment but what determines their rise is quite different from each other, since most of us are not really into doing gold investment, we may only know about bitcoin which it's demands and supplies determines it's market value.

[posi]

Don't compare Bitcoin to gold because they have different backbone, just because the price of gold is rising doesn't mean that Bitcoin should too.

But if you're being hopeless because of that scenario, then let's compare. Why gold price doesn't increase that much compare the Bitcoin when it exist for a long time already unlike for Bitcoin which only started way back in 2009, correct me if I'm wrong. Gold is too old fashioned for me, hard to store, prone to thieves, etc.

Gold investors never compare these two assets but bitcoin investors love to compare them because they consider gold to be a very valuable asset and if comparing bitcoin, bitcoin is superior to gold then bitcoin will be the best asset in the world. Bitcoin investors are trying to prove themselves right when choosing a top asset.

If you look at the capitalization of both, you will understand why the price of gold does not increase too much and no longer brings us big profits. Yes, gold is outdated but it is still the asset that most people and countries will turn to if there is a crisis, war or inflation. That alone is enough to prove the role of gold in the world.

[legendbtc]

Is there a need for us to compare the worth of bitcoin with gold, they are two different investment assets, gold is a physical asset while bitcoin a digital one, this alone makes a big difference in comparing them together, bitcoin is decentralized whereas gold has always been centralized, they both have a unique characteristics when it comes to their usefulness in making an investment but what determines their rise is quite different from each other, since most of us are not really into doing gold investment, we may only know about bitcoin which it's demands and supplies determines it's market value.

Is it correct to say that gold is centralized because mining it is extremely difficult, and it is not concentrated in one place but scattered all over our earth? So I wouldn't consider gold a centralized asset, but it has been proven and recognized as a valuable asset, so the majority of the world's gold is already held by governments. But that's like bitcoin, the majority of bitcoin is being held by institutions, sharks. So if you think gold is centralized then bitcoin is also on its way to becoming a centralized asset because institutions are holding a lot of bitcoin.

[Joshapat]

During war of course many commodities skyrocket such as gold, foodstuffs, war equipment and others, of course during war the production, distribution and agricultural processes are disrupted, causing prices to skyrocket, of course this is different from bitcoin and cryptocurrencies, most people will do safe things, for example saving or divert to low-risk types of investments.

[Apocollapse]

Is it correct to say that gold is centralized because mining it is extremely difficult, and it is not concentrated in one place but scattered all over our earth? So I wouldn't consider gold a centralized asset, but it has been proven and recognized as a valuable asset, so the majority of the world's gold is already held by governments. But that's like bitcoin, the majority of bitcoin is being held by institutions, sharks. So if you think gold is centralized then bitcoin is also on its way to becoming a centralized asset because institutions are holding a lot of bitcoin.

But since we know max supply of Bitcoin and we can track how many people are hold Bitcoin, we can know the Bitcoin's condition. Although there are few address contain a lot Bitcoins, but the majority of address are around 0.00001-0.1 BTC, this mean Bitcoin is decentralized.

While gold we don't have a clue how much the max supply and the comparation of whales vs Average Joe.

[tjtonmoy]

Bitcoin market is quite new compared to Gold market which has been around for so many decades. There are no comparison between gold and Bitcoin. They are both the best option in their own way. The war could have some impact on the market, but that won't be much. Because only two countries are fighting, and the whole world is still the same. And I don't think the majority of the population of those two countries are involved with Bitcoin. So in the time of crisis, people won't see that much market movement due to not enough people contributing to the market.

If you include war into Bitcoin market then that should be sentimental. And sentimental market movements happen a lot, but the effect does not stay for a longer period of time. If you take that into account then I don't think Bitcoin will see major movements in the market due to the war. Even if the market rises now that could be because of the upcoming between halving.

People still doesn't see Bitcoin as the best store of value just because of the volatile nature of the Bitcoin market. Most people are afraid to lose their money. And I am not against them. You should only invest what you can afford to lose. So if people choose Bitcoin as the store of value then they will have to put money that they are not yet ready to lose. I guess that's the case.

[armanda90]

Don't be afraid with bitcoin price will drop after Israel-Hamas conflict because we are facing the same position when Russia invasion to  Ukraine almost one year but bitcoin keep stable and not get drop with Russia-Ukraine conflict. For many people more interested with gold investment than bitcoin depend on their mindset and lack knowledge with bitcoin how potential in the future with price increasing up, I have experienced with gold investment keep secure but can't earn huge profitable than bitcoin investment.

I think have era with Israel-Hamas conflict ended and there are not war invasion yet, keep focus accumulate or invest in bitcoin during still in lower price and have beneficial in the future when raising to higher price.

[ChiBitCTy]

I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.

Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.

First off, do you have any data to back up the claim that "in times of war, gold rises"?  I"m sure that true to some extent, but I'm not sure how true it is overall (meaning for all wars over the course of time). 

Also bitcoin is in fact rising as we speak, and has been for the past couple days.  I don't think it has much to do with the store of value aspect, people simply panic during times of war fearing the worlds economies will take a massive hit, and in return people tend to sell off any sort of asset, whether thats gold, bitcoin, stocks or bonds. 

I'm just not sure there's a correlation here.

[legendbtc]

Is it correct to say that gold is centralized because mining it is extremely difficult, and it is not concentrated in one place but scattered all over our earth? So I wouldn't consider gold a centralized asset, but it has been proven and recognized as a valuable asset, so the majority of the world's gold is already held by governments. But that's like bitcoin, the majority of bitcoin is being held by institutions, sharks. So if you think gold is centralized then bitcoin is also on its way to becoming a centralized asset because institutions are holding a lot of bitcoin.

But since we know max supply of Bitcoin and we can track how many people are hold Bitcoin, we can know the Bitcoin's condition. Although there are few address contain a lot Bitcoins, but the majority of address are around 0.00001-0.1 BTC, this mean Bitcoin is decentralized.

While gold we don't have a clue how much the max supply and the comparation of whales vs Average Joe.

Yes, we don't know the final supply of gold but it has been mined for thousands of years and is still in short supply and gold is used in many different fields. Therefore, it can be said that the demand for gold is very large compared to the amount of gold circulating in the market.

We have been mining for thousands of years but there is still not enough demand for everyone, you can see how big the demand for gold is. Although bitcoin has a very small supply, whether its demand can surpass that of gold is difficult to say. Supply is important but it also depends on demand to assess the value of an asset.

[CageMabok]

During war of course many commodities skyrocket such as gold, foodstuffs, war equipment and others, of course during war the production, distribution and agricultural processes are disrupted, causing prices to skyrocket, of course this is different from bitcoin and cryptocurrencies, most people will do safe things, for example saving or divert to low-risk types of investments.

These goods only increase in areas where there is war, whereas in many areas that are still quite safe there will be no sudden increase in the price of goods by a significant amount. So you cannot generalize the prices of all goods in all regions of the world, unless all countries are hit by a major war and there are not enough goods to use because the production that can be carried out by companies and factories is limited. Meanwhile, most cryptocurrencies skyrocket due to good moments and news about them so they will not be affected by wars occurring in certain regions, unless all countries are at war so investors have difficulty accessing the cryptocurrency market.