Topic: As long as gold exists, now so will Bitcoin (Read 233 times)
It will be. Now many people in the world invest and know btc
Gold is natural resource whereas Bitcoin is Digital resource so if we compare gold with Bitcoin. in future bitcoin have lot of future value appreciation and trust whereas gold is governed by govt
i don't find any correlation between bitcoin and gold, gold already exist thousand years ago and don't have many similiarities with bitcoin.
Bitcoin is currency just like dollar
Bitcoin is currency just like dollar
As long as Bitcoin can be shown to be a hedge against gold, there will always be people who buy it.
People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.
The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:
60% equities
30% bonds
6% gold
3% cryptocurrency
People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.
The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:
60% equities
30% bonds
6% gold
3% cryptocurrency
Bitcoin and gold are both use for transactions; barters, or any means of exchange of goods. But this fact doesn't mean they always go together. Bitcoin and gold have different values. And the sense that if bitcoin would fall then so gold, vice versa. They stand with same agenda but not perspective and function which made them work individually.
Gold is among those primitive currencies and particularly stable at that. But, I always believe that comparing bitcoin with gold, is like the usual example of non-comparable apples and oranges. Yes they may have similarities in terms prices and other stuffs, but the two are totally on a different paradigm.
gold and bitcoin are very luxury and valuable goods. gold has a luxurious charisma for its users and bitcoin has a very high value. so it can make rich quickly.
but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.
but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.
Bitcoin will exist as long as people keep on using this great technology same as gold, as long as people mined for it gold will exist. This is about how the demand works, though the supply matter I still believe forever will exist on this.
I don't think gold and Bitcoin are same. Bitcoin slightly different goal than gold. To me, the main purpose of gold is to store it for future purpose but for Bitcoin there comes a term like investing or mining etc. So to me gold and Bitcoin are two different things. But for future betterment I would definitely prefer Bitcoin rather than gold.
I my opinion gold will live forever, but Bitcoin might be replaced by something other interesting and profitable. It is a virtual stuff, and you cannot compare gold and BTC.
Well more like gold and crypto in general if you want to compare even though i don't think these have solid connection with each other. Its only for investment that these two are similar and bitcoin or gold can exist without the other.
gold and bitcoin are very luxury and valuable goods. gold has a luxurious charisma for its users and bitcoin has a very high value. so it can make rich quickly.
but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.
but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.
As long as Bitcoin can be shown to be a hedge against gold, there will always be people who buy it.
People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.
The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:
60% equities
30% bonds
6% gold
3% cryptocurrency
People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.
The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:
60% equities
30% bonds
6% gold
3% cryptocurrency
I don't think the value of bitcoin would go along with the value of gold. They are different and will always be. We all know that gold was known before bitcoin, wherein a large interval of years. But then, it is seen how these two are being compared all the time. That is why I do not think that if one would fall or even rise then the other would do so.
Gold is an asset that will continuously rise its value due to its Scarcity. Gold will always present because this is one of the tangible asset most of the people want to have. Bitcoin, on the other hand is known to its popularity but we can never tell the future of it, whether it will stay for a longer time or not. There are many cryptocurrencies now out there that booming and the possibilty that thwy might surpass the value of bitcoins. Bitcoins value today is declining and this event is making its popularity decline also.
I don't think gold and Bitcoin are same. Bitcoin slightly different goal than gold. To me, the main purpose of gold is to store it for future purpose but for Bitcoin there comes a term like investing or mining etc. So to me gold and Bitcoin are two different things. But for future betterment I would definitely prefer Bitcoin rather than gold.
I my opinion gold will live forever, but Bitcoin might be replaced by something other interesting and profitable. It is a virtual stuff, and you cannot compare gold and BTC.
hedging against gold uses stocks/dollars, but bitcoin could be similar to gold than stocks.
I think if one diversify its portfolio in such a way, then I think cryptocurrencies are very worthy investment. Bitcoin is better than gold to me, it will rise for sure.
Bitcoin will be more powerful than the gold. Gold is now stable but soon bitcoin will be wanted by everyone
Bitcoin has been far more powerful as tool than Gold for years now. The only advantage Gold has over Bitcoin is its physical form. In terms of the open market, Bitcoin has a lot to learn and catching up to do. Gold is one of the most liquid markets in the world, where Bitcoin is probably one of the very few markets with the least available liquidity, and this needs to change. It'something this market has been dealing with for years now, and it has improved a tiny bit throughout the years, but that's not enough, especially if you want to diminish the heavy volatility. Considering that professional capital has other ways of entering, it will probably take a long while before the level of liquidity improves significantly.
I don't get the logic in which bitcoin is being compared to gold. Gold is a physical asset in which you can really hold physically. And bitcoin is an asset but you can't hold it physically, only on the internet. But it is minable with the use of technology only. Why do we need to compare these two things? Both have different function in this world. But the other one is better, which is bitcoin.
Bitcoin will be more powerful than the gold. Gold is now stable but soon bitcoin will be wanted by everyone
We cannot compare gold and bitcoin, gold has its phase to exists. Bitcoin will be bitcoin as long the demand will continues to exists. The community for bitcoin will be bigger daily so bitcoin will continue to grow and will exists longer.
Bitcoin will be more powerful than the gold. Gold is now stable but soon bitcoin will be wanted by everyone
Humans are never satisfied anyway and good investors do not miss chances of investing that is why they are also investing on Bitcoin to balance their equations of investment.
Gold bugs are not necessarily Bitcoin or Crypto currency investors. 
A lot of Gold investors are invested in physical Gold
coins, because they want full control over their investment. {It gives them some sense of security} ... So you will not easily
change their position on this. {believe me I tried, they are very stubborn and conservative investors} These people are still
traditional investors in physical items.
A lot of Gold investors are invested in physical Gold coins, because they want full control over their investment. {It gives them some sense of security} ... So you will not easily
change their position on this. {believe me I tried, they are very stubborn and conservative investors} These people are still
traditional investors in physical items.
I can not see the gold market and the bitcoin market in the same way, both are assets of different approaches and ways of use. But I agree with the fact that investors always look for a way to balance their investments and somehow safeguard the profits, that is, they do not totally invest all in bitcoin or gold, divide the investment in case one of the two does not have a rise as stipulated. It is the strategy that many manage, similar to the one we manage the ones we invest in altcoins.
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