Topic: Bitcoin vs. Gold Prices - page 21. (Read 2347 times)
Well I think if we compare the value of bitcoin in to gold the gold is more expensive rather than bitcoin because the value of bitcoin was volatile while the value of gold is stable. As of now the value of bitcoin is still rising and growing rapidly that can be a little bit expensive than gold but as we know we cannot guarantee that the value of the bitcoin will remain as is because we cannot predict the events that happenings in the market. That is why I think that gold is more expensive than gold if we consider some factors.
That's a good assessment. I think that if modern markets supported gold as a legal method of buying/selling goods and services, its price would rise. The value of precious metals would increase if they had additional utility and greater support.
What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.
The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.
It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.
What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.
The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.
It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.
Any country that attempts to promote gold or silver is poking the eyes of the dollar and the US. It's a no-no if you want to survive as a regime. The US 'regime-changed' countries for much lesser offenses.
For example, this happened in the 70s and 80s to poor countries like Panama and Guatemala who refused to borrow dollars and/or allow US companies to take their natural resources. Read 'Confesssions of An Economic Hit Man' for an insider account, and you'll understand what this world is really made of.
As I wrote, money and other key financial assets have never been a free market, and can never be, as long as the imperial elites run this world.
I actually agree with you on that, greed runs the world too thats why these imperial elites have something others dont have with regard to financial assessment. And well never know bitcoin could also be one of their targets pretty soon because of the attention it brought worldwide in the financial aspect.
That's a good assessment. I think that if modern markets supported gold as a legal method of buying/selling goods and services, its price would rise. The value of precious metals would increase if they had additional utility and greater support.
What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.
The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.
It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.
What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.
The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.
It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.
Any country that attempts to promote gold or silver is poking the eyes of the dollar and the US. It's a no-no if you want to survive as a regime. The US 'regime-changed' countries for much lesser offenses.
For example, this happened in the 70s and 80s to poor countries like Panama and Guatemala who refused to borrow dollars and/or allow US companies to take their natural resources. Read 'Confesssions of An Economic Hit Man' for an insider account, and you'll understand what this world is really made of.
As I wrote, money and other key financial assets have never been a free market, and can never be, as long as the imperial elites run this world.
Bitcoin has shown developments and prices this year so that almost everyone is interested in investing in bitcoin, and this will continue to increase year by year, and I can be sure bitcoin prices will outperform gold prices.
if in my opinion, bitcoin gold will not exceed BITCOIN. Why ? because bitcoin is the first originator in a digital currency .
I think Bitcoin is clearly has already showing its best side on the history of its price developments, as well as its popularity that reaches many enthusiasts from different countries to connected with bitcoin and makes every efforts to gain various profits such as investing in particular.
I'm sure, bitcoin will still continue to outperform the gold prices even more higher again and again.
I'm sure, bitcoin will still continue to outperform the gold prices even more higher again and again.
bitcoin compared to the current price of gold is really very different, bitcoin price reached nearly $ 13k times more than the current price.
The recent i think bitcoin is higher price than gold. Gold is like old money investment that can hide tax from government.
With bitcoin we can do the same because bitcoin is not legalized yet.
And bitcoin has bigger potential for investors to get high return.
i agree with you, my opinion bitcoin price is higher than gold, and i am invest in bitcoin will more profitable and and the price rise up quickly. With bitcoin we can do the same because bitcoin is not legalized yet.
And bitcoin has bigger potential for investors to get high return.
The recent i think bitcoin is higher price than gold. Gold is like old money investment that can hide tax from government.
With bitcoin we can do the same because bitcoin is not legalized yet.
And bitcoin has bigger potential for investors to get high return.
With bitcoin we can do the same because bitcoin is not legalized yet.
And bitcoin has bigger potential for investors to get high return.
My assumption is usually that we might have a systemic crisis or collapse, but not an apocalyptic scenario. Sorry if I didn't make it clear. (That is, property and contractual rights are still enforced, but confidence is lost in fiat money.) In fact, here I'm assuming we either won't reach crisis point for now, or the elites are engineering a preventive inflation (using cryptos) so we'll never get there for the foreseeable future.
As Jim Rickards always says, the elites can always have a gold standard that's stable (and indeed prosperous IMO); it's just a matter of what price of gold. (All of the gold-as-deflationary-monster talk from economists are based on cases of trying to maintain an old price of gold that is too low for the new circumstances.)
If I walked around trying to sell 1 ounce gold coins for $50, I doubt anyone would trust me.
But I agree that you never know when society will simply 'forget' a money. Money is just a standard, even if certain basic properties are required before something can become money. I don't however think we're at that point with gold and silver, especially since they're the only monies secured by physics.
A lot of what you would think of as supply and demand based on what people want is actually heavily manipulated by the elites, over the long term. For example, when it suited the global imperial elites to promote gold and demote silver, starting in the 1870s, silver has been outshone by gold ever since. This, knowing that silver is actually a better form of money (since gold would have to move around in tiny quantities for everyday use.)
As Jim Rickards always says, the elites can always have a gold standard that's stable (and indeed prosperous IMO); it's just a matter of what price of gold. (All of the gold-as-deflationary-monster talk from economists are based on cases of trying to maintain an old price of gold that is too low for the new circumstances.)
If I walked around trying to sell 1 ounce gold coins for $50, I doubt anyone would trust me.
But I agree that you never know when society will simply 'forget' a money. Money is just a standard, even if certain basic properties are required before something can become money. I don't however think we're at that point with gold and silver, especially since they're the only monies secured by physics.
A lot of what you would think of as supply and demand based on what people want is actually heavily manipulated by the elites, over the long term. For example, when it suited the global imperial elites to promote gold and demote silver, starting in the 1870s, silver has been outshone by gold ever since. This, knowing that silver is actually a better form of money (since gold would have to move around in tiny quantities for everyday use.)
That's a good assessment. I think that if modern markets supported gold as a legal method of buying/selling goods and services, its price would rise. The value of precious metals would increase if they had additional utility and greater support.
What might be cool is if someone started a service where gold could be deposited at a physical location in exchange for something similar to a debit card. I think the value of precious metals might skyrocket if they had that type of modern infrastructure which made them functional and a valid means of executing transactions.
The overall practice of identifying precious metals, purifying them, weighing them and chipping bits away to get a precise amount required to make a transaction could all be digitized and standardized which would allow them to be more competitive against fiat/crypto.
It may not be viable in a large country like the united states but a small island nation like vanatu might be able to implement the practice. In a way I'm surprised no one has done this before (that I know of) it seems like a logical area to tap.
simple answer bitcoin better because you can save 1M with smimple hardware wallet but need to pay 1000$ to save 1M gold
It has already ended all the bullish trend of the government securing the prices on gold and/or anything that is centralised really. This is because we have the option now, who crypto currencies!
One of the major points I want to bring across is, don't be fooled: key financial assets, including cryptos and other forms of money, are heavily controlled by the elites. Bitcoin is doing well because it's in the elites' interest. Has always been this way, and will always be.
That is, until the public truly wakes up.
For example, it's been circulating in the media that Bitcoin's rise is helped by conditions in Venezuela and Zimbabwe. Their state money is so heavily abused by the government-bank system that the citizens look for a decentralized store of value -- hence the appeal of Bitcoin. The trouble with this narrative is that, gold and silver are equally decentralized (and arguably much easier to use for poor people.) Why aren't they going up? Ah, you see, the elites want to promote Bitcoin, but not gold and silver, at this point.
So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, this assumption may be problematic.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, this assumption may be problematic.
This question becomes my concern a few months ago when bitcoin started to gain a tremendous value within weeks.
Whoever invests Million of dollars into crypto-world at the cheaper price could harm its price after it reaches the peak, especially at this point, due to bitcoin price increase rapidly like $1000 per day. It won't stop soon imo as bitcoin futures still not activated, but when the correction comes, it may hit the market so hard. The only thing that may hold bitcoin price is people who believe in bitcoin as an asset, commodity, currency, or a better monetary system compare to fiat currency. At least, Million of dollars have been spent in this market, people don't want to lose their investment, especially for miners and exchanges.
This question becomes my concern a few months ago when bitcoin started to gain a tremendous value within weeks.
Whoever invests Million of dollars into crypto-world at the cheaper price could harm its price after it reaches the peak, especially at this point, due to bitcoin price increase rapidly like $1000 per day. It won't stop soon imo as bitcoin futures still not activated, but when the correction comes, it may hit the market so hard. The only thing that may hold bitcoin price is people who believe in bitcoin as an asset, commodity, currency, or a better monetary system compare to fiat currency. At least, Million of dollars have been spent in this market, people don't want to lose their investment, especially for miners and exchanges.
Whoever invests Million of dollars into crypto-world at the cheaper price could harm its price after it reaches the peak, especially at this point, due to bitcoin price increase rapidly like $1000 per day. It won't stop soon imo as bitcoin futures still not activated, but when the correction comes, it may hit the market so hard. The only thing that may hold bitcoin price is people who believe in bitcoin as an asset, commodity, currency, or a better monetary system compare to fiat currency. At least, Million of dollars have been spent in this market, people don't want to lose their investment, especially for miners and exchanges.
With any other asset class, I would agree with you. The fast rise would be a problem.
With Bitcoin, which claims to be money and occupy the central part of the system, I think things are different. If the elites promote it to be their new monetary base (which I think has a good chance of being true at this point,) it will have lots of room to go further.
As I mentioned, this is not a sure thing yet, but at these price levels, I believe Bitcoin is still a good bet.
Gold ! What's that ? This is what is going to happen soon when people will actually stop talking about gold and will just talk about Bitcoin. Even newspapers will stop printing prices of gold and start printing the daily prices of Bitcoin. This day is not far as I can see Bitcoin is growing alot . Infact alot more than what was expected this year.
I still think a lot of crypto geeks are in for a big wake up call.
Countries, the elite, central banks and mega rich all back gold not bitcoin. When bitcoin becomes any more than a minor irritation to them they will come down on it hard.
Banks run the world not governments, if they see crypto as a tangible threat to their power and control they will have an orchestrated clamp down across borders killing the price overnight.
I also think we are getting closer to this tipping point, my estimate is 1-2 years max.
Time will tell.
Steve Wozniak (apple co founder) said something interesting in an interview recently. He said humanity will invent better and more efficient methods to harvest gold from the earth's crust. Bitcoin's algorithmic method of limiting its own production has superior chances of maintaining a constant rate of supply.
The real test of gold is whether society can realistically revert to a gold standard in cases of emergency. If a zombie apocalypse occurred tomorrow, would gold emerge as a preferred coin of exchange across remnants of civilization? There are clips on youtube where people walk the streets attempting to sell $1,000 of gold or silver for $50. No one takes them up on it. The concept of gold and its value as a currency may be too neglected within the public eye to be an emergent currency in times of distress. Not only is support for gold exchange non-existent, its utility as a means of exchange may be a lost lore similar to the recipe for making roman concrete or damascus steel.
Golds best hope may be a form of gold renaissance, a resurgence of interest driven by fears relating to fiat hyperinflation. This is occurring in some circles. Preppers, doomsdayers and post apocalyptic planners are all stocking up on precious metals. What gold lacks in bling power and excitement it could more than make up for in endurance.
From my posts on this forum, it might be obvious I favor bitcoin over gold. But even I don't forget gold was here millennia before anyone knew what bitcoin was, and may be around millennia after bitcoin is lost and forgotten.
The real test of gold is whether society can realistically revert to a gold standard in cases of emergency. If a zombie apocalypse occurred tomorrow, would gold emerge as a preferred coin of exchange across remnants of civilization? There are clips on youtube where people walk the streets attempting to sell $1,000 of gold or silver for $50. No one takes them up on it. The concept of gold and its value as a currency may be too neglected within the public eye to be an emergent currency in times of distress. Not only is support for gold exchange non-existent, its utility as a means of exchange may be a lost lore similar to the recipe for making roman concrete or damascus steel.
Golds best hope may be a form of gold renaissance, a resurgence of interest driven by fears relating to fiat hyperinflation. This is occurring in some circles. Preppers, doomsdayers and post apocalyptic planners are all stocking up on precious metals. What gold lacks in bling power and excitement it could more than make up for in endurance.
From my posts on this forum, it might be obvious I favor bitcoin over gold. But even I don't forget gold was here millennia before anyone knew what bitcoin was, and may be around millennia after bitcoin is lost and forgotten.
My assumption is usually that we might have a systemic crisis or collapse, but not an apocalyptic scenario. Sorry if I didn't make it clear. (That is, property and contractual rights are still enforced, but confidence is lost in fiat money.) In fact, here I'm assuming we either won't reach crisis point for now, or the elites are engineering a preventive inflation (using cryptos) so we'll never get there for the foreseeable future.
As Jim Rickards always says, the elites can always have a gold standard that's stable (and indeed prosperous IMO); it's just a matter of what price of gold. (All of the gold-as-deflationary-monster talk from economists are based on cases of trying to maintain an old price of gold that is too low for the new circumstances.)
If I walked around trying to sell 1 ounce gold coins for $50, I doubt anyone would trust me.
But I agree that you never know when society will simply 'forget' a money. Money is just a standard, even if certain basic properties are required before something can become money. I don't however think we're at that point with gold and silver, especially since they're the only monies secured by physics.
A lot of what you would think of as supply and demand based on what people want is actually heavily manipulated by the elites, over the long term. For example, when it suited the global imperial elites to promote gold and demote silver, starting in the 1870s, silver has been outshone by gold ever since. This, knowing that silver is actually a better form of money (since gold would have to move around in tiny quantities for everyday use.)
Gold ! What's that ? This is what is going to happen soon when people will actually stop talking about gold and will just talk about Bitcoin. Even newspapers will stop printing prices of gold and start printing the daily prices of Bitcoin. This day is not far as I can see Bitcoin is growing alot . Infact alot more than what was expected this year.
So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, this assumption may be problematic.
If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, this assumption may be problematic.
This question becomes my concern a few months ago when bitcoin started to gain a tremendous value within weeks.
Whoever invests Million of dollars into crypto-world at the cheaper price could harm its price after it reaches the peak, especially at this point, due to bitcoin price increase rapidly like $1000 per day. It won't stop soon imo as bitcoin futures still not activated, but when the correction comes, it may hit the market so hard. The only thing that may hold bitcoin price is people who believe in bitcoin as an asset, commodity, currency, or a better monetary system compare to fiat currency. At least, Million of dollars have been spent in this market, people don't want to lose their investment, especially for miners and exchanges.
Quote
Bitcoin can still go up 3 times
Thats the answer to your question and the ambiguous situation where you whether bitcoin is better than gold or not. Yes in general that what I think you speculating here and I think bitcoin will surpass all its limits in the next year and so on. It has already ended all the bullish trend of the government securing the prices on gold and/or anything that is centralised really. This is because we have the option now, who crypto currencies!
So people will now understand the importance of bitcoin and other currencies which are decentralised and will start making the positive assumptions about it in the future and now. We have already seen the exclusive performance of the bitcoin and this has led us to experience the greater prices now a days.
Now is the time we should escape the centralised investment and store assets, because we have completely secure and proven decentralised system in the form of bitcoin.
Jump to: