Gold to bitcoin

[nakamura12]

Gold have been compared to bitcoin but the outcome that bitcoin is bitcoin and gold is gold. Anyway, both have store value yet they don't have the same value although you can use any of it for investment but bitcoin is much better in my opinion and it's also easier to buy bitcoin than gold in my opinion. For gold, there's a chance that you may bought a fake gold or a gold mix with other metals the you will lose some money. I'd say both have it's own advantages and disadvantages. One more thing, I don't think that gold is the director of bitcoin in market movement.

[Z-tight]

For gold, there's a chance that you may bought a fake gold or a gold mix with other metals the you will lose some money.

Some newbies could also buy wrapped BTC's, thinking they have bought BTC, lol, or buy BTC and store it in custodial services. However, i get what you mean and i disagree with the op. The two assets have different markets, they move differently, obviously one is very much volatile than the other.

I do not know where op got this idea from, but it is wrong. It is normal to compare how altcoins 'move' with BTC and how a precious metal like silver moves with gold, but not precious metal and crypto in the way op describes it.

[Justbillywitt]

Bitcoin can only uplift you from poverty if you have a reasonable number of bitcoin in your portfolio and you are going to hold it for a very long term. You don't expect your your 0.001 stash of bitcoin  to take you out of poverty. It's not also a guarantee that your investment in bitcoin will yield you profits. It is expected that bitcoin will go higher in price in the future, but expectations can be disappointed.

 
 with the current level which the bitcoin price has reached, the poor should look for better things to do to elevate themselves and not to invest $100 and expect miracles to happen. Those who turned wealthy through Bitcoin are those who in the earlier days invested $1k to $10k back in 2009 and later make sales now that Bitcoin have reached $100k and above.

Bitcoin is meant for everyone, both the rich and the poor can still invest in it today and profit from it on the long run. Good and fine we are no longer in 2009, were small amounts invested can give a reasonable stash of bitcoin, but it doesn't stop someone from starting his accumulation journey. What the poor need to do now is to buy consistently either on weekly or monthly basis. Imagine if  someone decides to be investing $50 -$100 weekly for the next  10 years or more, such person is definitely going to have a reasonable amount of bitcoin in his possession. That a poor person can't afford to buy a whole bitcoin doesn't mean he should forget about investing in bitcoin. He can start from somewhere and continue topping it, as he keeps getting resources.

[atookz]

Bitcoin and gold are two different things, in my opinion. I don't believe that gold influences the movements of the bitcoin market. I continue to think that monetary policy and crypto dynamics are what drive the movements of bitcoin. While monetary policy frequently affects market sentiment, cryptocurrency dynamics are tied to the uptake and growth of the cryptocurrency itself. Despite the fact that they are both occasionally referred to as safe havens, their methods of operation differ greatly.

[Mahiyammahi]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

This is one of the hot topic amongs Bitcoin holders. BTC or Gold who will win. I think this debate ain't gonna end even if anyone takes over other's. It's like the debate , Who came first Chicken or Egg 😂. If you searched on our forum with this Gold Vs BTC you will find dozzens of topic. Some topic even reached several pages of devate. Time changes but the debate remains still. Actually Bitcoin is like gold. You can consider btc as a digital gold. Unless our world end Gold will remain. Unless something big happened and collapse whole internet BTC will remain .

[bitzizzix]

Bitcoin's value depends on supply and demand, and its supply is limited, at just 21 million Bitcoins. If demand increases, the price of Bitcoin will rise, but this doesn't necessarily mean the price of gold will rise, and vice versa. Gold price movements don't significantly impact Bitcoin because the two have different determinants of value, and the two may only occasionally appear coincidental.
I suspect this is just a coincidence, but these two investments that store value are always competing. However, in terms of long-term price appreciation, Bitcoin is far more significant than gold, which is more stable or even stagnant. If both rise simultaneously, it's likely just a coincidence, as both are stores of value, and gold can be a viable alternative when Bitcoin's price drops and then rebounds when it starts to rise. However, in the long run, in terms of returns, Bitcoin is the best investment.

[beveryu778]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Gold and Bitcoin are two different worlds and two types of investors invest in both. Those who invest in Bitcoin are more concerned about the virtual world and those who invest in Gold are less risk averse and more focused on physical investments. There are very few investors who invest in both Bitcoin and Gold and sometimes sell one and double invest in the other. So I don't think the fluctuation in the price of Gold can ever affect the price of Bitcoin. Coins are always volatile in their own patterns. But what does Gold do on a single decision of the entire world and fluctuate through the stock market.

[Ashim costa]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Even many people compare gold with bitcoin, they are two different things and bitcoin is better 
Behind the fiat currency, there is still a person making this decision to buy gold or bitcoin. If they understand that they can store value more easily with Bitcoin and know that the value can rise and fall more quickly, then they maybe not buy gold. The price of gold is currently high, and this is current by wars, inflation, and global differences. As a result, fear is driving people to buy more and more gold. In the future, this should also be the case with Bitcoin, but I dont think it will take long time.

I agree with you, gold and Bitcoin are two different things. Due to wars and shortages in reserves in different countries, they have become more addicted to buying gold lately. As a result, the price of gold has increased. However, it is comparatively more difficult to store or maintain it than Bitcoin. At the rate at which people are storing gold, one day it will be seen that there will be a decrease in liquide money in the market. Then people will be forced to sell the stored gold at a lower price in the market instead of cash to meet their needs. And that will happen in the future. But on the other hand, storage and maintenance are very easy and safe. You can keep Bitcoin in any digital wallet and it is completely safe and you can meet your needs anywhere in the world. That time is not far away.

On the other hand, this is not possible with gold. Gold and Bitcoin are both operated on two types of market management.

[suzanne5223]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement?

No, Gold is not the director of BTC market price movement because BTC is an independent market of its own. However, there are times and seasons where the market trend of Gold will determine BTC price, and the market trend of BTC will determine the next price of Gold.
This doesn't mean the 2 assets are the drivers of each market price movement

The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

That's because we are in the season where the Gold market determines what will happen in the market. There's also the season where stocks tell what will happen in the entire market.

[qurbanshah02]

Bitcoin and gold are two different things, in my opinion. I don't believe that gold influences the movements of the bitcoin market. I continue to think that monetary policy and crypto dynamics are what drive the movements of bitcoin. While monetary policy frequently affects market sentiment, cryptocurrency dynamics are tied to the uptake and growth of the cryptocurrency itself. Despite the fact that they are both occasionally referred to as safe havens, their methods of operation differ greatly.

Yes, but both have high demand in their respective markets, and gold is more popular because it has been around since the beginning. Bitcoin's power seems to be greater here, while it controls gold, and those who know Bitcoin do not understand gold much, but it also plays a role in its world. It is all the same, but everyone has their own theory of how to operate and increase the price of gold. Yes, you have said it right, but when the price of both is low, everyone is afraid, but not more than gold because it is a worldly thing and it is still digital, so it seems that both are safe. When the price of mags is low, everyone says that it should not decrease and they are afraid.

[moneystery]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement?

Gold and Bitcoin each have their own market... I don't think gold becomes the director of Bitcoin market movements, because in terms of fundamentals and asset characteristics, both have quite significant differences and cannot be equated. Bitcoin moves according to the direction of the market, whether it is negative or positive sentiment, etc., and the same goes for gold, it moves according to market sentiment, so both move on their own respective paths, and nothing directly affects each other.

[Frankolala]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement?

Gold and Bitcoin each have their own market... I don't think gold becomes the director of Bitcoin market movements, because in terms of fundamentals and asset characteristics, both have quite significant differences and cannot be equated. Bitcoin moves according to the direction of the market, whether it is negative or positive sentiment, etc., and the same goes for gold, it moves according to market sentiment, so both move on their own respective paths, and nothing directly affects each other.

I doubt that gold moves according to the market sentiment because whenever, there's a nad news from Trump gold increases in price while other assets depreciates in value including bitcoin. However, I will assume that investors sell some of their bitcoin and put the money into gold. That can also be described as investor sentiment. I concur.

[karabiber]

Institutional investors hold a significant amount of Bitcoin. The recent rapid rise in gold prices could certainly divert the capital flow occurring here to Bitcoin, but we need to carefully examine the underlying reasons for gold's increase. The recent rise in regional conflicts. Major countries increasing their defense budgets and taking military measures, frequent media coverage of wars, and politicians war rhetoric have led to a rush on gold.

It is perfectly natural for people to want to hold a physical store of value during times of crisis, especially during wars. They naturally do this with gold. I do not believe the outcomes of this will have a positive impact on Bitcoin.

[PrivacyG]

Gold versus Bitcoin is a topic that has been debated for MANY years.  Probably ever since Bitcoin exists.  But.  Now it is easier than ever to prove they are not the same.

Gold and Bitcoin often had different charts in globally shocking events.  And now Gold is showing a chart way more different than Bitcoin.  If maybe years ago we saw charts that looked similar between the two, now it is obvious that they are not.  The only thing I can say is similar is that they are both showing a significant indicator.  They indicate that Fiat is dying as we speak.

[Ndabagi01]

Even many people compare gold with bitcoin, they are two different things and bitcoin is better  
Behind the fiat currency, there is still a person making this decision to buy gold or bitcoin. If they understand that they can store value more easily with Bitcoin and know that the value can rise and fall more quickly, then they maybe not buy gold. The price of gold is currently high, and this is current by wars, inflation, and global differences. As a result, fear is driving people to buy more and more gold. In the future, this should also be the case with Bitcoin, but I dont think it will take long time.

Gold is now seen as an asset of the olden days means to fight against inflation, but with the invention of Bitcoin, many things have changed and this two assets are now given more comparison than before to see which one has an edge and more advantage to invest into. Gold is not something we can carry around with us, but Bitcoin can be saved in our wallets and seed phrase with us at anytime to access it, gold doesn’t have all those features which makes it very unlikely that gold will be used more than bitcoin. Bitcoin has shown to be the best in this century and if the adoption spans more to what it has become so far, in the next decade, Bitcoin should have surpass gold in adoption.

[Patikno]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Personally, I don't consider gold to be a determinant of Bitcoin market movements, because I have seen several cases where Bitcoin experienced different movements than gold, and there are also cases where Bitcoin and gold both experienced the same market movements. So, I don't think we can conclude as you said. Cmiiw.

By the way, we know that whenever there is news of war, there will be a market movement trying to secure their finances by buying gold as a reserve of value. And I think that is still true in the current generation, but I am sure things will change in future generations, when people around the world recognize Bitcoin (massive adoption of Bitcoin around the world), so they will be more inclined to choose Bitcoin as a safe haven than gold. We also know that Bitcoin has scarcity, Bitcoin is also borderless, and it is easy to store, and the transfer of Bitcoin in the event of a crisis, or war. So you can imagine what potential Bitcoin has in the future, it is very bright actually. Only time will tell.

[Scarlett_23]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Currently, people are running towards gold or Bitcoin to protect themselves from the inflation of fiat currencies and to reduce their dependence on the US dollar, as well as to lighten the burden of debt. Although gold and Bitcoin are both means of saving for people, there is a difference in the valuation of the two. Gold is a physical asset. This asset can be seen and touched. Since ancient times, people have considered this gold to be one of the means of storing value. On the other hand, the journey of Bitcoin is short-lived. Internet users are understanding the existence of Bitcoin and its popularity is increasing day by day. From this point of view, there is a huge difference between the journey of gold and Bitcoin. Currently, the price of gold is increasing a lot. Bitcoin is much ahead in the short-lived journey compared to gold and its value will continue to increase in the future.

[X-ray]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Probably you see how gold and bitcoin goes up together in this cycle and make simple conclusion about the correlation.

Truth is SPX, Gold, and Bitcoin is going up because the endless money printing that causes inflation and people just want to find safe haven for their assets. Even stocks are getting all time high pretty frequently these days.

On the other hand the interest rate cut has caused bond to be less attractive.

[DanWalker]

Bitcoin is meant for everyone, both the rich and the poor can still invest in it today and profit from it on the long run. Good and fine we are no longer in 2009, were small amounts invested can give a reasonable stash of bitcoin, but it doesn't stop someone from starting his accumulation journey. What the poor need to do now is to buy consistently either on weekly or monthly basis. Imagine if  someone decides to be investing $50 -$100 weekly for the next  10 years or more, such person is definitely going to have a reasonable amount of bitcoin in his possession. That a poor person can't afford to buy a whole bitcoin doesn't mean he should forget about investing in bitcoin. He can start from somewhere and continue topping it, as he keeps getting resources.

Poor people can still invest in bitcoin now or whenever they want, and if they can accumulate consistently and hold for a period of time (10 years) like you said. They will get very good returns on their initial investment. But if they want to become rich or become millionaires like the first investors in 2009. They should find other solutions, and bitcoin is not for them. Because bitcoin won't make them millionaires even if it hits $1 million in the next 10 years.

Therefore, whether the poor should invest in bitcoin now will depend on their goals. Because the days of get rich quick, get rich with small capital with bitcoin are over.

[As-Soon-As]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

If I talk about investment then definitely Bitcoin investment will be the best because Bitcoin is the only easy investment and you own as much Bitcoin as you buy, no third party can be involved in it. But if I look at the price difference then Bitcoin price is at its highest and it is ready to reach its highest price in a very short time. But it seems that its price is very close due to sufficient supply, but if the question of investment between Bitcoin and gold arises, then I will definitely support Bitcoin investment.