Topic: Bitcoin vs. Gold Prices - page 6. (Read 2347 times)
bitcoin and gold are different investments and have different futures, there are some people who think gold is more profitable because it has a more stable price and a smaller risk, but for me bitcoin has a greater advantage but it may indeed have a greater risk also than gold, so each has its own enthusiast
I think bitcoin price is hundred times better than gold price. Nowadays bitcoin price is more than gold price. But as people are connected with gold investment for a long time . They think it's more faithful than any other investment. But in modern time investors find more interest in bitcoin investment.
Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.
Bitcoin and gold is both good, but i am confidet that bitcoin will surely have more bright future than gold, and the future price of bitcoin can rise even $30k or $40k so in that way many people can earn more money with bitcoin over than gold. I'm pro-gold really, but I'm certainly not obsessed with it. It is a time-proven and well-tried asset for storing wealth even if its real value goes down somewhat over decades, primarily because there was no major economic wreck in the last 40 years (2008 doesn't count as a complete economic shutdown). But if there will be none in the future or it will be a little bit too hard for gold to keep up with, it is useless (apart from jewelry).
Also, could you explain in a few words why power is not the ultimate value as far as society is concerned?
Also, could you explain in a few words why power is not the ultimate value as far as society is concerned?
There are multiple scenarios where gold is a good investment. 2008 saw gold at least double.
If you have power, it sounds good on the surface. But you're in effect fighting against all those who held power in the past. The incentives of the modern world system encourages the powerful to kick all cans down the road (especially in the monetary and financial realm.) Most of your power will be spent countering the effects of the actions of your predecessors.
Though they are both different in form, but they almost have the same market price. But eventually, bitcoin will or had surpassed gold's value already. With its volatility, we can say that bitcoin's price can be twice as expensive as gold's in the future.
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/
Just 2008 with its subprime mortgage crisis maelstrom hitting everywhere surprisingly didn't affect the value of gold much. It was the subsequent rounds of quantitative easings that actually doubled its value. But it was not real growth as this growth was primarily based on expectations and anticipation of future devaluation of the US dollar due to monetary policies of the Fed back in the day. But when the dollar devaluation didn't occur, the gold value quickly returned to its baseline levels. In a nutshell, it turned out an overall false expectation, and the only way you could earn money was through speculation, which meant selling gold at 2011 highs. Those who invested in gold for long term didn't get much (if we include dollar inflation into consideration).
Anyway you look at it, 2008 resulted in a de facto devaluation of the dollar against gold.
Yes, but then you have to explain the revaluation of the dollar against gold soon thereafter. I don't deny that the dollar was losing to gold in 2009-2011, but it was based on the expectations of the likely (or not so likely) collapse of the dollar system in the coming years rather than on reality. For example, there was no price hyperinflation or anything close to what can be loosely called that. When these expectations didn't come true, the speculative rise of gold mostly retrieved back to the baseline. In other words, it turned out to be only a temporary devaluation.
Gold is far better than volatile btcs. The former is physical portfolio that assures investment benefits but not like thos virtual cryptoz
Yes, you should be content with 10-155 annual return with your gold while we make that much in a day. It is funny to see people still sticking to gold or other traditional investments.
What is Bitcoin? Pros and cons of investing in Bitcoin, make a reliable long-term investment. Understand the difference of tangible Gold versus cryptocurrencies. Buy tangible Gold ...
Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital. Yet the distinctions between the two run much deeper. Today, APMEX accepts Bitcoin as a form of payment.
Physical Gold Metal is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Physical Gold is widely regarded as a sound long-term investment and a hedge against market volatility.
Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.
Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital. Yet the distinctions between the two run much deeper. Today, APMEX accepts Bitcoin as a form of payment.
Physical Gold Metal is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Physical Gold is widely regarded as a sound long-term investment and a hedge against market volatility.
Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.
Just 2008 with its subprime mortgage crisis maelstrom hitting everywhere surprisingly didn't affect the value of gold much. It was the subsequent rounds of quantitative easings that actually doubled its value. But it was not real growth as this growth was primarily based on expectations and anticipation of future devaluation of the US dollar due to monetary policies of the Fed back in the day. But when the dollar devaluation didn't occur, the gold value quickly returned to its baseline levels. In a nutshell, it turned out an overall false expectation, and the only way you could earn money was through speculation, which meant selling gold at 2011 highs. Those who invested in gold for long term didn't get much (if we include dollar inflation into consideration).
Anyway you look at it, 2008 resulted in a de facto devaluation of the dollar against gold.
If you have power, it sounds good on the surface. But you're in effect fighting against all those who held power in the past. The incentives of the modern world system encourages the powerful to kick all cans down the road (especially in the monetary and financial realm.) Most of your power will be spent countering the effects of the actions of your predecessors.
And how does it take anything from what I said about power being the most valuable asset in society? Indeed, people will be fighting for it precisely because it has so much value. If it didn't, who would care?
Since we were talking about financial assets, power doesn't really belong in the mix. It's like saying your job is your most valuable asset. It is, but so what?
Also, the price of acquiring power is vastly different from one person to the next. To the vast majority, power is simply not accessible. Financial assets are.
Power is not all it's cracked up to be, because it's constantly being weakened by kicking cans down the road, as I mentioned. This 'depreciating value of power' is the reason why, until a great reset happens, the caliber of the people in power will keep getting worse.
All of this goes to saying, at a certain point, a great reset is bound to happen, since the incentives in the system mean that power will slowly eat itself alive.
Bitcoin, the blockchain based digital currency, is often thought to be a global haven asset like gold. In a time of global turmoil, even gold has become unreliable, and could be expropriated like India's. BTC can replace a lot of people have come to believe gold, because of the currency in addition to gold reserves of the ability and the ability of some gold did not, such as low fees, transfer capacity, rapid decentralized nature, etc.
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
Now a days bitcoin price is again rising and it is very good because from start of this year bitcoin is not showing any good movement in the crypto market and many users have sole their bitcoin due to which the price badly affected the privies are changing over time and now a days the gold price are also high in the world market and in our country both the bitcoin and gold prices are it's peak.
For me, I've always wanting to buy bitcoin ever since and making sure to secure our future by having it for a long time, I love how gold stabilize in the market too, but if I were to choose I'll still choose and stick with bitcoin and invest my time and money with it rather than in gold. 
Now a days bitcoin price is again rising and it is very good because from start of this year bitcoin is not showing any good movement in the crypto market and many users have sole their bitcoin due to which the price badly affected the privies are changing over time and now a days the gold price are also high in the world market and in our country both the bitcoin and gold prices are it's peak.
Gold is more stable in value than bitcoin, if you do not want to be dizzy, gold may be a savings for you in the future, but bitcoin has an advantage that will rise in price and down or unstable, I consider it an advantage because to gain profit, when the coin price fall, at that moment is your chance to earn profit. And bitcoin value does not take long enough to recover the price.
You may find this useful -
“According to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.5 million tons may be present (that's over 14 times what Thompson Reuters has predicted). This would imply a $103 trillion market value for gold, or nearly 1,500 times that of bitcoin. Long story short, bitcoin still has a very long way to go to truly catch gold.“
We have a long way to go with btc vs gold prices, however if the crypto market has even 1% or 2% of the gold market we will be in an amazing place.
“According to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.5 million tons may be present (that's over 14 times what Thompson Reuters has predicted). This would imply a $103 trillion market value for gold, or nearly 1,500 times that of bitcoin. Long story short, bitcoin still has a very long way to go to truly catch gold.“
We have a long way to go with btc vs gold prices, however if the crypto market has even 1% or 2% of the gold market we will be in an amazing place.
That's just physical supply, dont forget the paper market on top with comex also leveraged over 250:1 paper to physical gold.
Thats a lot of paper promises for every oz of physical they hold
You may find this useful -
“According to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.5 million tons may be present (that's over 14 times what Thompson Reuters has predicted). This would imply a $103 trillion market value for gold, or nearly 1,500 times that of bitcoin. Long story short, bitcoin still has a very long way to go to truly catch gold.“
We have a long way to go with btc vs gold prices, however if the crypto market has even 1% or 2% of the gold market we will be in an amazing place.
“According to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.5 million tons may be present (that's over 14 times what Thompson Reuters has predicted). This would imply a $103 trillion market value for gold, or nearly 1,500 times that of bitcoin. Long story short, bitcoin still has a very long way to go to truly catch gold.“
We have a long way to go with btc vs gold prices, however if the crypto market has even 1% or 2% of the gold market we will be in an amazing place.
bitcoin is an investment medium in the future is increasingly in demand as its value grows faster and profitable, and slowly people start to leave gold as a place to invest, because the value of gold is more stable, making it less profitable.
Jump to: