The gold thread

[CryptoBuds]

That Bitcoin hasn't capitalized from the same fears in the same way than gold is a sign that its risk profile is still perceived by the markets closer to a stock than to gold.

Yes, i believe BTC is a store of value, but not necessarily a safe haven asset yet. Its volatility has to reduce before we can really call it that. Most of my funds are in bitcoin, but that's because i really believe in its potential, but with the geopolitical tension around the world, most investors would choose precious metals over crypto.

I agree with this, but I would add that it is not usually considered a safe haven but specifically in the sort term, and we can see this in the market. In the long term, and to combat currency devaluation, it has proven to be the best option. I think it will be a matter of time, and perhaps not much time, as d5000 points out, before Bitcoin is accepted as a safe haven.

It's only a matter of time before bitcoin becomes a safe haven like gold, but I don't think it will happen anytime soon and it won't be easy to achieve that title.

It is no coincidence that gold has achieved the title and become the standard for safe haven assets. To achieve that, gold took many years and went through many challenges such as economic crisis, world war, pandemic. It must prove to the world that it is a sustainable asset, capable of withstanding risk and preserving value in times of crisis.

So if bitcoin wants to get that title, it has to at least show the world that it can do what gold has done. It won't become a safe haven just because it becomes more stable.

[MinMan]

We still need to grow a lot more, but I still have trust that we will be bigger than gold one day. It will not be today, it is not going to be quick, probably not even within the next 5 to 10 years. But I still think it will happen, we just need to wait for it, right now the gap is something like 15x, and going up that much is not impossible for bitcoin. Obviously bitcoin going up doesn't mean gold will stay the same, as we have seen gold also goes up, but I think bitcoin will go up faster than gold.

So, there will come one day when bitcoin marketcap will be bigger than gold marketcap. I mean simply thinking, if you held bitcoin and gold for the past 10 years, which one would have made more money for you?

[Xril2024]

Gold is one of the assets that people are interested in investing in to protect themselves from inflation. Since ancient times, people have considered investing in gold as safe. In line with this, governments of different countries around the world have started depositing gold in government funds. Currently, this trend has increased even more. People are afraid of inflation. Along with this, there are wars, conflicts and geopolitical tensions between different countries of the world. Again, along with gold, the current generation is also interested in investing in digital gold.

[juttsab@]

Gold is one of the assets that people are interested in investing in to protect themselves from inflation. Since ancient times, people have considered investing in gold as safe. In line with this, governments of different countries around the world have started depositing gold in government funds. Currently, this trend has increased even more. People are afraid of inflation. Along with this, there are wars, conflicts and geopolitical tensions between different countries of the world. Again, along with gold, the current generation is also interested in investing in digital gold.

After Bitcoin Market crash few days ago, there is new trend people or big investors are investing in gold and silver these days and which impact the price of gold so much. Bitcoin market still going down because of Trump and he has not taken back his threats and that's affecting bitcoin price and yesterday it's price dumped down to at least 104k and it's price has not recovered yet. It is difficult to say how much dump it will go and it's seems like bearish season starts in crypto market and it is best to think carefully before investing in bitcoin or gold

[Jewan420]

It's only a matter of time before bitcoin becomes a safe haven like gold, but I don't think it will happen anytime soon and it won't be easy to achieve that title.

It is no coincidence that gold has achieved the title and become the standard for safe haven assets. To achieve that, gold took many years and went through many challenges such as economic crisis, world war, pandemic. It must prove to the world that it is a sustainable asset, capable of withstanding risk and preserving value in times of crisis.

So if bitcoin wants to get that title, it has to at least show the world that it can do what gold has done. It won't become a safe haven just because it becomes more stable.

The discovery of Bitcoin is very old. It is best known for its high value in a very short time, Bitcoin is called a store of value. But the relationship between humans and gold is very old, it is about 6000-7000 years. People have taken help from gold during various disasters and through gold, people have been able to maintain the value of their assets. From the fall of the Roman Empire to the Covid pandemic, gold has rewarded people's trust. Whenever people have faced any major disaster, gold has saved them, so people will not remove their trust in gold in a very short time.

Bitcoin has not yet become a trusted asset like gold, it has benefited people and many people are still taking profits from Bitcoin. But when it comes to disasters such as events like world wars or the collapse of an empire or during a financial crisis, Bitcoin is not yet proven. Bitcoin has not yet had a chance to prove itself in these disasters and has not become a trusted asset for people. I doubt that Bitcoin will be able to replace gold anytime soon.

History shows that during times of major upheaval or uncertainty, people turn to gold as a safe haven asset and the price of gold starts to rise unexpectedly. Although this does not necessarily mean that it will happen during major upheavals. However, when it comes to rapid growth, it usually indicates a major upheaval. We do not know what is going to happen, but such behavior of gold does not bode well.

[laijsica]

Honestly Gold going up this much, in such a short order is worry-some. Why is everyone buying Gold all of a sudden? Its not a good sign.

Means the smart money is buying Gold because they see inflation going higher or they see some catastrophic event. Everything is over-leveraged and over-priced these days. Look at all those stocks with 500 PE ratios. Look at all these useless meme tokens worth billions. Eventually it will break but nobody knows when.

I agree. Fiat will become more unstable in the future and the value of the dollar will decrease. As you said, inflation will cause instability because the world has not yet ended the war. The beginning of new wars is being observed. The arms race is still going on around the world. Another terrible war will be for dominance over oil.

Due to distrust in Fiat, people are trusting alternative assets. Due to increased demand, the price of gold is touching new records and it will increase further.

Due to the trust of investors around the world in Bitcoin, the value of this digital asset has increased so much that it has touched a new ATH this month.

[MarjorieZimmermanGinger]

But I think we should continue to follow what happens with this metal, as it says a lot about the current economic situation, in which people increasingly distrust fiat currencies, and because of its relationship, whether rivalry or complementarity, with Bitcoin.

Gold has been a preferred choice from the past to the present and has perhaps become a preferred asset for some, institutions, or groups. It's not surprising that gold has a large market capitalization. Gold is reaching its current all-time high, and more and more people are likely to profit from it. As you mentioned, fiat is no longer an option because of the many issues that arise with it, so people will seek to adopt a gold approach to protect the value of their currencies. Gold has a good track record of performance and is almost impossible to see a price decline, although people may perceive it differently due to its volatility compared to other assets.

[Coyster]

I mean simply thinking, if you held bitcoin and gold for the past 10 years, which one would have made more money for you?

If we are talking about which asset accrues ROI faster and in large amounts for its investors, then it is obviously bitcoin. But just as it can rise very fast and churn out good numbers for its investors, it can also fall and lose a good amount of its value in a short time. Good thing is that bitcoin has utility, it is not a pump and dump coin like most altcoins, it rises back sooner or later.

That said, gold is renowned for maintaining value. So since investors, countries and institutions are seeking assets to maintain the value of their funds whilst the war around the world persist, they run to gold. And because of the very high demand, the price starts to skyrocket.

[XOOMBOX]

Gold is one of the assets that people are interested in investing in to protect themselves from inflation. Since ancient times, people have considered investing in gold as safe. In line with this, governments of different countries around the world have started depositing gold in government funds. Currently, this trend has increased even more. People are afraid of inflation. Along with this, there are wars, conflicts and geopolitical tensions between different countries of the world. Again, along with gold, the current generation is also interested in investing in digital gold.

You are absolutely right that in history, people have always chosen gold as a safe haven when inflation increases. That is why today's people and governments are also keeping a large amount of gold reserves because it is a real asset and has retained its value for centuries. However, for the current generation, digital gold, which is Bitcoin, has developed this concept in a new way. It is unlimited and easily transferable and is not dependent on the monetary policy of any single country. Just as gold was a safe haven in the past, Bitcoin can play that role in the future. It will just take time to gain some stability and then it can also be established as a safe haven like gold.

[STT]

Gold is still being accumulated and BTC regularly sees large sell offs, thats the large difference between the two.   The buyers of gold for decades now are doing their best not to buy too much and raise the price, they alone know just how much they will buy and its already been surprising to markets in the immense appetite.
   That reliance the market has on that buying will continue where as BTC does not have governments and nations buying to that extent, it remains more speculative even while rising in popularity and demand.

[Father111]

Honestly Gold going up this much, in such a short order is worry-some. Why is everyone buying Gold all of a sudden? Its not a good sign.

Means the smart money is buying Gold because they see inflation going higher or they see some catastrophic event. Everything is over-leveraged and over-priced these days. Look at all those stocks with 500 PE ratios. Look at all these useless meme tokens worth billions. Eventually it will break but nobody knows when.

The meme Worthing over a billions is to drive the attention of investors to invest on it and once so much investors should invest on it will break before noticing it crashing and no coins can be compared to Bitcoin, no matter how the Bitcoin price can in market now, with time it will increase and nobody knows when that is why as an investors we should still accumulating more Bitcoin.

[Free Market Capitalist]

Gold is still being accumulated and BTC regularly sees large sell offs, thats the large difference between the two.   The buyers of gold for decades now are doing their best not to buy too much and raise the price, they alone know just how much they will buy and its already been surprising to markets in the immense appetite.

In addition, FOMO has been unleashed, especially among retail investors, in the purchase of gold. Many investors who have not invested in Bitcoin because they do not yet understand it are rushing to buy in response to the rise in gold prices.

  That reliance the market has on that buying will continue where as BTC does not have governments and nations buying to that extent, it remains more speculative even while rising in popularity and demand.

That's right, we have several approved strategic reserves (as in US states) but are not actively buying/accumulating (except for El Salvador and Bhutan) while, on the other hand, there is a race among several central banks to accumulate gold.

[bettercrypto]

Gold is one of the assets that people are interested in investing in to protect themselves from inflation. Since ancient times, people have considered investing in gold as safe. In line with this, governments of different countries around the world have started depositing gold in government funds. Currently, this trend has increased even more. People are afraid of inflation. Along with this, there are wars, conflicts and geopolitical tensions between different countries of the world. Again, along with gold, the current generation is also interested in investing in digital gold.

Gold is also truly a good investment, but of course, I get more profit from Bitcoin compared to it because of the volatility that BTC has. And if I get extra profit from Bitcoin,
I use that to buy digital Gold on platforms that offer it.

Also, when other Gold investors know that Gold's price has the potential to drop, what they do is exchange it for Bitcoin. This is just one of the diversionary tactics they use as investors. And when they know there's a confirmation that Bitcoin will have a correction, they will move back to Gold. That's how they do things, in my opinion.

[DanWalker]

We still need to grow a lot more, but I still have trust that we will be bigger than gold one day. It will not be today, it is not going to be quick, probably not even within the next 5 to 10 years. But I still think it will happen, we just need to wait for it, right now the gap is something like 15x, and going up that much is not impossible for bitcoin. Obviously bitcoin going up doesn't mean gold will stay the same, as we have seen gold also goes up, but I think bitcoin will go up faster than gold.

So, there will come one day when bitcoin marketcap will be bigger than gold marketcap. I mean simply thinking, if you held bitcoin and gold for the past 10 years, which one would have made more money for you?

There is a huge difference between these two types of assets. Gold is not only used for investment but also used in almost all industries and especially for making jewelry and ornaments. It can be said that the demand for gold is very large, and that is why the increased supply of gold only makes the price of gold and capitalization increase, not decrease.

Meanwhile, bitcoin is only used as an investment asset, a store of value. And since it is not a physical asset and does not have as many applications as gold, its demand is unlikely to surpass that of gold. That's why I'm not optimistic about bitcoin surpassing gold in terms of capitalization.

But when it comes to investment returns, bitcoin definitely offers better returns.

[Sovannar Sangha]

Gold is also truly a good investment, but of course, I get more profit from Bitcoin compared to it because of the volatility that BTC has. And if I get extra profit from Bitcoin,
I use that to buy digital Gold on platforms that offer it.

Also, when other Gold investors know that Gold's price has the potential to drop, what they do is exchange it for Bitcoin. This is just one of the diversionary tactics they use as investors. And when they know there's a confirmation that Bitcoin will have a correction, they will move back to Gold. That's how they do things, in my opinion.

If you have a large capital, it's very easy to get around this. If BTC is expensive, sell some first, then see gold going up again and buy immediately. That's the cycle I understand from reading your post.

The reality is that gold still holds a special place in our parents' hearts. Even though they know about it, it's still not appealing. Our parents' principles are strange. I personally feel this when discussing which assets they consider the best.

[doomloop]

Gold has been on the rise for a long time now, and it's a great thing, let it be up because that is not bad for bitcoin, it's proving that the market is not doing well so that is why they are moving to going to increase all by itself and showing/proving that the market is bad. Why does gold going up mean market is bad? Because people want to take their money out of the market that is bad, and move it into gold which is stable and trusted.

We have seen a lot of people move their money to interest first, when rates were high after that covid deal, then slowly we have started to see them move it to market and then we are going to end up with getting much better results with it. I think it is going to end up with getting a lot better return without a doubt.

[MykeAdams]

We still need to grow a lot more, but I still have trust that we will be bigger than gold one day. It will not be today, it is not going to be quick, probably not even within the next 5 to 10 years. But I still think it will happen, we just need to wait for it, right now the gap is something like 15x, and going up that much is not impossible for bitcoin. Obviously bitcoin going up doesn't mean gold will stay the same, as we have seen gold also goes up, but I think bitcoin will go up faster than gold.

So, there will come one day when bitcoin marketcap will be bigger than gold marketcap. I mean simply thinking, if you held bitcoin and gold for the past 10 years, which one would have made more money for you?

Well it all depends, as an investor if your goal or what your targeting is profit( as in high reqards) bitcoin is the answer, but if your goal is securing wealth for the future, gold is safer. Ad an investor going for gold is prolonging wealth and for it being stable secures the wealth, where as for bitcoin it multiplies it if only the digital market grows and keep growing.
If you want long term and safety, I advice you go for gold, but if you want potentials and ready to manage the risk involved go for bitcoin.

[MykeAdams]

That Bitcoin hasn't capitalized from the same fears in the same way than gold is a sign that its risk profile is still perceived by the markets closer to a stock than to gold.

Yes, i believe BTC is a store of value, but not necessarily a safe haven asset yet. Its volatility has to reduce before we can really call it that. Most of my funds are in bitcoin, but that's because i really believe in its potential, but with the geopolitical tension around the world, most investors would choose precious metals over crypto.

I agree with this, but I would add that it is not usually considered a safe haven but specifically in the sort term, and we can see this in the market. In the long term, and to combat currency devaluation, it has proven to be the best option. I think it will be a matter of time, and perhaps not much time, as d5000 points out, before Bitcoin is accepted as a safe haven.

It's only a matter of time before bitcoin becomes a safe haven like gold, but I don't think it will happen anytime soon and it won't be easy to achieve that title.

It is no coincidence that gold has achieved the title and become the standard for safe haven assets. To achieve that, gold took many years and went through many challenges such as economic crisis, world war, pandemic. It must prove to the world that it is a sustainable asset, capable of withstanding risk and preserving value in times of crisis.

So if bitcoin wants to get that title, it has to at least show the world that it can do what gold has done. It won't become a safe haven just because it becomes more stable.

Bitcoin is a great and profitable asset l, but gold is considered more valuable and stable than bitcoin (for now though). Gold has been used for over 5,000 years before the coming of banks, digital finances came into existence, vast all over the globe it's value is rooted down in history and has passed on from generations to generations, bitcoin on the other hand is only 16 years old (since 2009) I'm contrasts it's still earning global trust as the case maybe.
Bitcoin strength lies on technology and has limited supply (because it only exists on blockchains and no physical use), gold has power or strength because it has reality, right now gold still supercedes bitcoin because of trust and stability ( volatility) but we can be certain that this balance could shift in the future as bitcoin grows maturely.

[woez]

Well it all depends, as an investor if your goal or what your targeting is profit( as in high reqards) bitcoin is the answer, but if your goal is securing wealth for the future, gold is safer. Ad an investor going for gold is prolonging wealth and for it being stable secures the wealth, where as for bitcoin it multiplies it if only the digital market grows and keep growing.

Gold is indeed a trending phenomenon right now, and many prominent figures like Jamie Dimon and Ray Dalio predict that gold will rise to a price of $5,000-$1,000. This is due to the weakening of the dollar's dominance and the assumption that a new era of gold is coming and confidence is refocused on this precious metal.

If you want long term and safety, I advice you go for gold, but if you want potentials and ready to manage the risk involved go for bitcoin.

I personally see this correction as normal, and crypto enthusiasts, especially BTC enthusiasts, say there's still an opportunity to buy BTC, as BTC itself can easily be interpreted as the future of digital gold.

[dezoel]

The weird thing about the market is that gold should be same with bitcoin, meaning we should be moving together and not have anything changing. If we can handle this then we can do a lot better. I mean think about it, we should be able to see this being a lot better connected, bitcoin shouldn't be connected with stock market, it should be connected to gold, because they are basically similar mindset.

If we can see bitcoin growing then we can do a lot better. So focus on doing that and we can be getting a lot better, it should not be a trouble and we can be getting great return. Think about it, if we can do this then it's going to be great and shouldn't be worried. When gold goes up, bitcoin should go up and that will get smarter with time, just reasonable.