Topic: Bitcoin vs. Gold Prices (Read 2319 times)
In comparing with gold price in most countries, gold price is more or less stable, at the same time bitcoin prices are insane
Bitcoin always wins the race, around an year the speculation around the cryptocurrency network was completely related to gold price to the bitcoin price. Later in unexpected time span bitcoin overtook the value of gold. This growth continued for a longer time period making bitcoin the best.
Bitcoin is the clear winner.Gold prices are very stable and does not yield that much of profit.The users of gold receive very less or nil in terms of profits.Bitcoin's value is very volatile and this is the main reason for the huge profit margin it gives.Bitcoin is a money earning opportunity for all of us.
Bitcoin price movement is more significant than the price of gold which is an investment commodity that has existed since long. But in this increasingly modern era investors are turning to bitcoin where these commodities are based on blockchain technology and gold is now beginning to be abandoned by some investors.
I like Gold better than bitcoin, because of bitcoins volatility, it makes it harder to purchase and it needs time to increase its value. But otherwise it is also the thing I like in bitcoin, it has a low point and a peak value, I can invest on it on the time of its lowest point and earn in its highest peak.
If comparing the price of bitcoin and gold then like comparing the river water with sea water, everything is very different, bitcoin can rise and fall hundreds or even thousands of percent per year while gold is very stable and never fluctuate.
I found true situation with your quote. It is really different that gold price may the same compared to bitcoin price. Because gold price may not fluctuates everyday but bitcoin may too. In regards to investment gold profits is stable always but bitcoin investment are very volatile and unpredictable but the great chances of earning a lot of profit is with bitcoin because it always doubled the price of gold when good market correction comes out.
If comparing the price of bitcoin and gold then like comparing the river water with sea water, everything is very different, bitcoin can rise and fall hundreds or even thousands of percent per year while gold is very stable and never fluctuate.
It seems to me that if bitcoin is used for debt forgiveness it can do only Americans. I doubt that they will ever be able to give 20 trillion of its foreign debt. But for this they need a capitalization of bitcoin is still very much to increase. We have time to get rich. After the capitalization of bitcoin will reach the debt America I will sell your coins.
For me I dont know the Gold price but for for bitcoin price I'm surely that I will know it.I'm here not only for having a price of bitcoin but to know more about dealing crypto currency. 
I am a bit confused about the whole idea. Why would bitcoin be a part of the monetary engineering thing for any of these countries when it was not even made or invented to do this tasks? Is this just an analysis of yours trying to connect things or you do really have proofs for that statement. Or is this just all coincidence. This is not even under the government control so how can one country benefit from it?
That is totally understandable. A country's government can benefit from Bitcoin by holding a lot of it and using its holdings to ensure its own currency doesn't drop too much in value against Bitcoin. (This is assuming Bitcoin has gained widespread trust as a good store of value.)
This could hypothetically work out for smaller countries or countries in a dire economic situation such as Venezuela, Zimbabwe and other countries where local monetary systems have already failed (Zimbabwe) or are in the process of failing (Venezuela). Bigger and more powerful countries don't need that since they have enough power and economic as well as administrative muscle to force the use of a national currency onto the masses as long as they themselves pursue sane economic and monetary policies with inflation rates bridled.
State issued currency is being inflated all the time, because of the incentives for the elites to issue more money and debt. From the elites' point of view, it's better to have a non-state money be the support for their issued money, in this way. This is the entire reason for having hundreds of years of modern history under gold or silver standards. (A stable gold/silver standard was the 'best' environment for the elites to skim off the cream of the economy by issuing money and debt.)
This is not the real reason behind gold and silver being used as money back in the day. The true reason is that states were weak then, rulers were often overthrown as a result of warfare or intrigue, and thus nobody would use paper money when it was guaranteed to lose all purchasing power in a couple of years, not even the kings themselves. Paper money, and especially paper money not backed up by anything (aka fiat) is an attribute of a powerful state.
You are joking, right
Gold/silver backed currency was the backbone of the British Empire and the Dutch Empire before it. It was also the case for the US until 1971. Were these 'weak states' which were apt to fall in 'a couple of years?'You seem to be overwhelmed (bordering on obsessed) with conspiracy theories.
The proof of the correctness of any idea must be by argument, not by labeling them as conspiracy theories or truths. I only have to tell you that mainstream economists were totally in favor of the gold standard when the elites had enough gold, but are totally against the gold standard since all countries defaulted on gold (ie after 1971.) With this alone, can you tell me there is no deception in either the system or the opinion of economists?
The problem with you is that you use your better knowledge in economics to overpower the average user, to push your elite-friendly agenda. But you don't really understand money (and you still haven't responded to my point that deflationary pain, for which mainstream economists like to blame gold and the future use of Bitcoin, is only caused by elite-driven asset inflation and economic distortion in the first place.) This lack of understanding is shown clearly by comments like the above, about the gold/silver standards.
But very few people really understand money (and I mean in practice, as opposed to what it 'should' be in theory.) So you're far from being alone.
We see a pattern. Gold basically holds flat most of the time, except for step-wise movements up ($35 to $300 to $1000.) But each step up, or devaluation of the dollar, is accompanied by a big overshoot, followed by a big drop. This overshoot-and-drop pattern also seems to hold with Bitcoin (and even more so with altcoins.)
Over the decades, we can formulate a theory *based on these numbers alone* that the dollar is essentially continuously devalued against gold, when the noise is taken out. (And I won't explicitly speculate as to why the noise is there!)
Over the decades, we can formulate a theory *based on these numbers alone* that the dollar is essentially continuously devalued against gold, when the noise is taken out. (And I won't explicitly speculate as to why the noise is there!)
This is not the case as I have already explained before. The rapid surge of gold prices (in terms of over the decades) is not actual dollar devaluation, depreciation, hyperinflation, and whatnot. It is an expectation of future events probably unfolding in that direction. So far these expectations didn't come true, and that accounts for the subsequent massive retreats of gold prices.
'Massives retreats' notwithstanding, the overall pattern from 1913 (the Federal Reserve's founding) to today is that the stable-over-long-period dollar price of gold went from $22, to $35, to around $300, to around $1000. Call it whatever you like, we have never left the gold standard de facto, because we can't, and we have been continuously devaluing the dollar against gold to keep the system stable.
From $22 to $1000, the dollar lost 98% of its value against gold. I'll let that speak for itself.
Gold and Bitcoin (and cryptocurrencies in general) are two entirely different types of assets which serve completely different purposes. Crypto is for speculators, while gold (as well as other precious metals) is mostly for those who are looking to preserve their existing wealth. It could be said that gold is for those who already built their wealth while crypto for those who are yet building it.
Gold and Bitcoin are fundamentally similar in that they are both non-state-issued money, they both have more or less limited supply, and they both don't suffer from the destructive incentives of human-issued money.
Well, from my perspective, you make an erroneous assumption and draw conclusions based on wrong premises. Neither gold nor Bitcoin are money nowadays. Let's face it, money is defined by what functions it has in the economy. Gold has already lost most of these functions, while Bitcoin hasn't yet acquired them fully. Both gold and Bitcoin are just investment assets like many others out there, for example, real estate, land, stocks, etc. Each of these types of assets has limited supply, and they don't typically "suffer from the destructive incentives of human-issued money" (you can't print more land), but this is a prerequisite, a required quality for something to be a valuable asset.
In other words, this "fundamental similarity" is a shaky ground for comparison. It is way too general and broad.
This is what establishment commentators like to say. Gold and Bitcoin are just investments. They are not money. My question is: if they're not money, what are they? They don't allow you to live inside (like real estate.) They don't claim a share of company profits and equity (like stocks,) and they don't claim a future stream of debt repayment (like bonds.) Why do they have value?
You can slap whatever label you want on something, but the inner reality is always what really matters in the end. Gold has value because of its monetary nature. The elites suppress it but allow it to have some value, because it's one of their back-up plans if and when their system collapses. Gold is not circulating only because the elites have so far been able to force poor countries to help prop up the value of Western state money, among other manipulations.
Bitcoin is a slightly more complicated picture, but there are broad similarities. You could say the only major difference is that Bitcoin was designed from day one to play the role gold and silver are forced to play, ie to be a store of value only and not a means of exchange.
Objectively gold is the best asset but it does not mean that gold is a simple asset I mean that gold has the long positive trend but a typical investor is usually not be able to earn using this trend because this trend is on a very long time frame and a typical investor does not operate such long periods in the other hand bitcoin is more applicable to short and medium term investment.
Finally pay attention that gold is pretty overvalued comparing with silver. Gold market is quite difficult market.
Finally pay attention that gold is pretty overvalued comparing with silver. Gold market is quite difficult market.
Btcs are more advantageous. Gold will ultimately end up its resource content some day but about btcs, it will continue to thrive.
The price of btcs are around 10k per btcs and which is certainly much higher than gold price.
Gold is differnet than BTC, and also their prices and charts are differents as well. Gold is much older than Bitcoin and a lot more trusted by people, its price is more stable while BTC price is always volatile.
In the other side, Bitcoin price is going up actually faster than Gold's price.
It is all about matter of choice. If someone wants a steady and reliable resource of income that is quite stable and less risky but low in profits than gold is best option. And in other case, when the things are quite reversed and you want to go for big profits in short time span then bitcoins are the only king here. So it depends on the needs. Nothing can be a perfect package for you. In the other side, Bitcoin price is going up actually faster than Gold's price.
There is an inherent contradiction between the two functions of money. A currency that is superior in storage, such as gold and bitcoin, is often not a good medium. Similarly, the use of fiat currencies, such as those used around the world, as a means of circulation is less reliable.
Actually i would choose bitcoin instead of gold although gold investment is stable and less risky. The value of a bitcoin is much larger than an ounce of gold and I also choose to invest in bitcoin because it gives me more profit.
It seems to me that if bitcoin is used for debt forgiveness it can do only Americans. I doubt that they will ever be able to give 20 trillion of its foreign debt. But for this they need a capitalization of bitcoin is still very much to increase. We have time to get rich. After the capitalization of bitcoin will reach the debt America I will sell your coins.
I prefer bitcoins over gold because the growth in the market is very fast more than gold, another thing is that, gold is also profitable because of the markets volatility so you can always get profit when you trader or just sell your coins.
Gold is a dead investment. We could not get good returns on Gold, while Bitcoin has given us highest return on investment. Better to invest in Bitcoin rather than Gold.
It is dead until it is undead. If you don't know the history of gold, you'd better learn it. Then you would know when gold turns into a great investment, when you start to bless the stars for saving your wealth as gold. Whenever there is an expectation of future dollar devaluation, gold soars massively. And note that it is not required for the dollar to actually devalue, it is enough for people just to expect something like that in the near future. Now imagine what is going to happen to the price of gold if even some of these expectations turn true.
If you think that Bitcoin in these conditions and under such circumstances will soar too, then more power to you. Iit could be said with a good degree of certainty that it will behave more like stocks. Stocks and gold are typically well correlated. I mean, in the negative way, of course. Bitcoin is for speculation, but all speculation dies if situation becomes really dire.
Gold price is amazing it is really always in a status of high price and it take a long time before its price change. While bitcoin price is said to be the more profitable because every small amount of capital that we maybe invest on it it can maybe give us a huge return back so then I believe that bitcoin price is more amazing.
As compared to bitcoin, the bitcoin value is higher than gold, bitcoin is more difficult to store than gold, and a bitcoin is non-material, gold is the object
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