Topic: Bitcoin vs. Gold Prices - page 3. (Read 2319 times)
In expensive terms, bitcoin might win away from gold. But about the stability and value of gold goods I think is superior. Most people like bitcoin because the price can rise quite high in the not-too-distant future. While gold takes a very long time in the addition of value prices.
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.
(BTW, we have to look at the pure price of gold in dollars, not 'inflation adjusted dollars,' as you call them. If there's such an asset as inflation adjusted dollars, please let me know and I would love to own it!)
In my view, treasury inflation protected securities (so-called TIPS) cut it pretty close to being such an asset, at least as long as official inflation assessment is accurate. I know that you are going to argue over this point, but you can't fool everyone about inflation rates for any longer periods of time. If you mess with the numbers and cook the books, the errors would add up over the years until you can no longer hide real inflation numbers and then you are going to stand there tongue-tied making fool of yourself and your stats.
Gold and bitcoin are very poorly compared to each other. Now it's very profitable to make money in bitcoin, but it's best to partially withdraw the profit and convert it into either ordinary currency or gold.
We can not be sure that bitcoin will grow in price for a long time, and not only grow, we also can not be sure that bitcoin will not fall to its original value in the near future. As for gold, we can be sure that it will always be valuable. This is one of the most significant and undeniable advantages of gold.
We can not be sure that bitcoin will grow in price for a long time, and not only grow, we also can not be sure that bitcoin will not fall to its original value in the near future. As for gold, we can be sure that it will always be valuable. This is one of the most significant and undeniable advantages of gold.
There is a theory that western countries can lose their debt through bitcoin. Will they be able to control bitcoin in this situation? The only thing that elites can do is to allow and prohibit crypto-currencies. Bitcoin will definitely exceed the capitalization of gold with such development
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.
Another major difference is that gold is fundamentally a better safeguard of your savings against the long-term inflationary system set up by governments and central banks: if the elites want to suppress Bitcoin for whatever reason, all they have to do is to buy altcoins and sell bitcoins. The only alt-gold is silver and new precious metals can't be created by writing code.
So take these factors into consideration when allocating your funds between gold and Bitcoin. One thing is for sure: you need to diversify and own both.
So take these factors into consideration when allocating your funds between gold and Bitcoin. One thing is for sure: you need to diversify and own both.
That depends on what you are looking for. If you are a conservative, "value" investor like Warren Buffett and his sidekick Charlie Munger and want to preserve the value of your capital, gold is the way to go (if you were to choose between gold and Bitcoin).
Each type has a different value and has different advantages. Although their risk is very high, they are very profitable for us. Gold is an asset, and a measure of value for the entire world economy. They are safer and the profit they bring is lower than BTC.
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.
So, as asset classes, they have fundamentally the same benefits and risks. (Among the risks is that the elites have the incentives to suppress their value when possible, except possibly for Bitcoin, at this time, since Bitcoin needs to gain enough market capitalization to become a player at all.) That said, Bitcoin's price is still a small fraction of gold, when comparing the same proportions of total supply.
Also, since much of the world's gold has likely moved from West to East, and Western central banks have likely drawn down their gold reserves during their decades of gold price suppression (remember the 1971 US default on gold was simply to avoid a total loss gold by the US government,) the West likely favors Bitcoin, while China and Russia favor gold, as non-state, reserve assets.
Another major difference is that gold is fundamentally a better safeguard of your savings against the long-term inflationary system set up by governments and central banks: if the elites want to suppress Bitcoin for whatever reason, all they have to do is to buy altcoins and sell bitcoins. The only alt-gold is silver and new precious metals can't be created by writing code.
So take these factors into consideration when allocating your funds between gold and Bitcoin. One thing is for sure: you need to diversify and own both.
My opinion is equally good but it's better if we choose both. If there is more money we save gold and bitcoin because gold is also a good price but more with the increase in bitcoin may be a great one. so it's good to take a 50% / 50% investment.
Gold has more stable price which will in future go slowly up in the same time bitcoin has ups and downs but in future its price should be like 10x bigger than now so investing in it should bring big profit.
Many financial specialists have another viewpoint. They say that Bitcoin is the better investment, and its prices are growing faster than the prices of gold. Here is an article that can be useful:
https://99bitcoins.com/bitcoin-gold-usd/
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. Indeed, it is possible to speculate with gold too as there are plenty of gold derivatives which offer you volatility (since this is what speculators are looking for) on par or even exceeding that of Bitcoin.
But in this thread, "paper" gold (that is gold derivatives) is heavily frowned upon, and the discussion is mostly about gold in its physical form (as opposed to paper gold), which you can touch with your fingers and stash away in the backyard of your home.
Although bitcoin price is more expensive than gold but gold in paired with bitcoin to make long-term investment, but now people prefer to measure because most people do not know full bitcoin and also about the price of more stable gold, so people choose gold
Bitcoin price can became more expensive over than the gold price, and i think a lot of people will surely choose to invest with bitcoin because even the the value of it is not stable, but the value of it can be very high in the future.
Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.
well, bitcoin will be our top choice in that choice. even more so when bitcoin prices really skyrocket. gold is very good to make investment tool, but for me, bitcoin is the number 1 for now. it is the best investment tool.
Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.
If you view both as competing currencies then determining which is best is not very productive is it? It will be very interesting to see how the exchange rate btc-gold will look like in the future, maybe when cryptos stabilize a bit more.
Gold is far more valuable for me than Bitcoin at this point in time. Every grain of gold counts and is is far far higher than satochi's worth. so Gold is still higher than Bitcoin.
Well it relies on the circumstance , for my own sentiment, bitcoin is currently most costly than gold, in light of the fact that bitcoin is extremely costly and exceptionally secure not at all like gold, it can be effectively stole.
Well, everything has its own pros and cons. You can’t just compare any two things and then say one is better than other by only seeing some aspects. If you want to compare two things, you must compare them throughout. In this scenario, although bitcoins are doing amazing and in many aspects they are tremendous than gold but you can’t just deny the appraisal and strong hold of gold as well.
Bitcoin is more profitable indeed, but it is equally risky compared to Gold where prices hover on relatively the same levels and sometimes would even rise higher depending on situations around the world. Bitcoin may make you rich, but the already rich use Gold for safety.
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.)
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.)
The reason 'top' economists have attacked gold since the 1960s and 70s is that, since 1914, every government has defaulted on gold and was forced to give up the gold standard, and the public's desire for gold would make it difficult for governments to run totally fiat currencies.
Bitcoin and cryptos provide a way for the elites to go back to the good old days of gold and silver standards, without an embarrassing devaluation of state money against gold/silver. It's just that, for the project to succeed, they have to make us believe the entire crypto-space has risen up independently.
As a crime detective, before you know anything, if you simply ask 'who benefits?' you will be more than halfway to your solution, if you find a reliable answer. I don't of course have any direct evidence of the actual deed (which in this case would be the Fed or BOJ creation of Bitcoin in secret, for example,) but I have lots of indirect evidence.
The problem is that the vast majority of the educated public don't understand this benefit, and they have no evidence other than 'Satoshi disappeared.'
With due respect to other opinions I do certainly believe that bitcoin is not really comparable to gold in many ways. Gold is physical and no matter how the market changes in price still gold is a precious thing. While bitcoin even with a very differences in ratio would change its value. It is volatile as it is also digital and non existent in the real physical world. But I don't dismiss the idea that it is not that good as an investment. It is just I do favor gold no matter what.
I second the motion here, bitcoin is subject to drastic price fluctuations and could not maintain it's peak price whereas gold demonstrated it's reliability and it will never lose its intrinsic value as precious metal with numerous practical applications.
With due respect to other opinions I do certainly believe that bitcoin is not really comparable to gold in many ways. Gold is physical and no matter how the market changes in price still gold is a precious thing. While bitcoin even with a very differences in ratio would change its value. It is volatile as it is also digital and non existent in the real physical world. But I don't dismiss the idea that it is not that good as an investment. It is just I do favor gold no matter what.
I love cryptocoins, thats not only about its price or value, but the whole thing. Diffent altcoins have different features that changing the world.
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