Topic: Bitcoin still bigger in 2019 from all other Commodities - page 3. (Read 873 times)

gold does not have a significant effect if we invest. But if seen from the increase it is clear the price of gold rises every year and is safer. Of course, when compared to price movements, Bitcoin is more tempting but very risky. We never know how long Bitcoin/cryptocurrency will last.

IEOs actually almost out performed bitcoin last year,it  has great returns though....will see how it does this time around

Bigger than other commodities?
That's the wrong way to put it. Bitcoin is way behind other commodities or investment asset when it comes to market cap. That's why the direct comparison won't make sense too. The volatility and returns will change largely when btc reach such a market cap.
But yeah when it comes to returns, yes, Bitcoin left these commodities and stocks way behind. 100% return a year is amazing for any trader.

That's interesting--I can't recall exactly what palladium gets used for, but I'm pretty sure it's for industrial purposes much like platinum.  Don't know why it's up so much.  Guess I'll have to do some googling.

Is bitcoin actually considered a commodity?  I never thought of it as one.  It's more like a hybrid of a currency and a stock (though I know it doesn't fit the definition of being a stock).  Interesting to think of it as a "digital commodity" because I don't know how many of those there are.  Anyway, bitcoin was up over 100% for 2019 if I'm not mistaken.  It started off the year at around $3200 and ended it above $7k, right?  That might be nitpickiness, but those numbers could be more exact IMO.

Gas was up that much?  I don't own a car but I do look at the prices when I'm at the local gas station, and they didn't move that noticeably for much of the year.  Interesting.

Heard about this yesterday, and here's your confirmation, thanks for the topic.
I find that what's fast is bad, as far as the crypto world is concerned.
I like it to be gradual, to go through all the phases, before we get to the big price, it is important for me to go slowly and safely.
People are more and more important to the figure, not security, I do not like such people, I find them greedy.

Thank you OP for highlighting this aspect of bitcoin else there are threads that says 2019 is bearish. You can get enormous gain on bitcoin provided you have bought it at start of 2019 when bitcoin was at its lowest. Investors prefer other markets like gold, equity and forex as they are more stable, mature and driven by fundamentals.

Still, this goes to show how strong bitcoin is holding up against time. Though even now we still can't say for sure what would happen in the future. These lows help shake off the bad fruits on the tree making bitcoin much more stabler in the long run. What we could do as loyal bitcoin investors/users is to spread news to entice more people and completely inform them of the pros and cons of investing so we can weed out the weak of the heart.

Yes, but as time passes, this will be less and less so. Don't think of bitcoin as a way to growth money, that side effect is naturally fading due to maturity overtime.

See those little gold price increases? That's where bitcoin is headed. Sure, you can still earn more with bitcoin, but its nothing like in the previous years.

100% increase is like going from 1 to 2. Do you remember when bitcoin went from 1 to 100? how about 1000? Those days are long gone, they are the exclusive treasure for the early investors.

People are expecting bitcoin to go from 7k into 14k (or hope it does) like it was the biggest of things, in reality that would be the same as going from 1 to 2. In my opinion, bitcoin is more likely to to not reach 2, but anything in-between. If it does manage to do 2x (100%) that is also ok, but don't expect the trend to last forever, it goes against its historical movement. When you see the entire graph, you should recognize the logarithmic curve, starts steep and fast, almost vertical, then transitions into slow and shallow, going horizontal. Bitcoin can never become fully horizontal and peg itself with fiat, because fiat production is unlimited. But it will approach it, just like gold. Gold, however, can suddenly go down, if more is discovered somewhere. There won't be any bitcoin discoveries (surprises).

In the end bitcoin is becoming a coin that doesn't lose value overtime, just as it was intended. "Digital gold" is not incorrect, but some people have the wrong conception of what gold is, or would be. People need to study Austrian economics and embrace a future of deflation, true savings based economy rather than debt/credit expansion fractional reserve endless bubble/crash cycles.

And they will, its only a matter of time.

I hope so. It shakes out those who aren't in here for the long haul, but just want to extract liquidity from this space and leave.

In the end, if we focus on the common folks, they do not care about Bitcoin at today's price still being a better performer than most other assets/commodities. All they see is a peak of nearly $14,000 and current price of around $7000. The Peter Schiff's of this world happily use that to scare off potential newcomers, and as long as the price keeps going down, they will think he is right.

Admittedly, Bitcoin does look bearish from a technical point of view. If we go by the trend, it's more likely to see lower lows than higher local highs.

As expected, bitcoin is one of the most valuable things right now on this world. But that doesn't mean that people need it. Things such as gasoline wheat are something that people actually need. But it would be better if the technology behind bitcoin is something we can use for our everyday lives. And so, bitcoin must co-exist with and not replace fiat.

This will definitely encourage more people to invest in bitcoin. They also see how important bitcoin now and how it really innovate the payment system. I think its really time for everyone to understand its importance specially in our financial market. We are on the digital age where people's needs and processes improvement need to coincide.

Indeed the return of bitcoin is still in the top position of several large commodities, but many people here are not aware of it because here only discuss the decline in bitcoin prices every day.
Broadly speaking, investment in bitcoin provides a good percentage for the long term when compared to oil commodities, besides that purchases are also not as complex as other commodities that have very high minimum purchases.
Finally, not everyone can have these commodities, in contrast to bitcoin which can be bought by everyone ranging from small income to large income per year.

Although bitcoin most bigger in 2019 from all other Commodities but bitcoin price look lower for last yearn in 2019, for other commodities can have higher price like gold and coffe or gasoline but for bitcoin keep down whit lower price without have change to higher price, maybe 2020 will give good moment for investor hold bitcoin with long time to get much profit back.

For me bitcoin is a versatile currency, it can be an asset and a currency that is easily transacted. Bitcoin is responsive but it depends on everyone's perspective and being an assets in bitcoin does not mean slowing adoption but it also supports, people have been interested in bitcoin in large part because it makes it an asset.

yeah, because bitcoin can reach all financial markets. which at this time most people use bitcoin for fast transactions and between countries. besides that many who trade in commodities are choosing bitcoin. because of rapid fluctuations, so make quick profits. actually they equate bitcoin with gold is because of the system. so the best commodity right now is bitcoin.

Well it is complicated to start with. There has always been the speculative market with bitcoin because it has been a center of attraction for long as to how and where it can be used. Now it became a trading asset or something to store value in recently when prices went up. Whether to use it as an asset does not make it stop its use just like gold.

It has a value and so it can be used for transactions and stored. So what is the problem here? It is rising in price and people are making profit from it.

I am waiting several months later for bitcoin become higher price or not before I leave with bitcoin investment, I think many people keep trust with bitcoin can back to higher price again but when halving time coming bitcoin keep down many investor move their investment to other way, not good ideas when investing with bitcoin if price keep and exist with lower price, how come to get much profit with bitcoin later.

Bitcoin is clearly a digital asset, unlike gold and other types of assets. And in the future, Bitcoin will surely be a popular payment method worldwide. Investing in Bitcoin at the present time is a completely right choice and will help investors be more profitable in the future. But I'm not sure Bitcoin can replace Fiat because Fiat is a very popular and long-standing currency and people will always choose Fiat first because of their habit

This is very good info and this information is very good for those looking for commodities to invest, although highly volatile Bitcoin is still the best commodity to invest, and many more people are coming in Cryptocurrency, and this is good the more people realizing this study the more investors will be attracted, and this is the best time when halving is coming.

I don't think that looking at short term price movements alone proves much, especially when you are taking a look at the long term fundamentals of bitcoin and not just looking at percentages.

following this type of logic, one could argue that bitcoin is completely worthwhile and futile just because it endured a bear market in 2018 - it's obviously not a valid argument, so nor is this type of argument even in the positive direction.

Even looking at market capitalisations and market activity in general could prove to be more useful when analysing long term fundamentals of investments.