Bitcoin Will Move up 25 -30x Faster Than Gold Says, Max Keiser

aries9

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Quote from: timerland on July 12, 2019, 04:00:23 PM

Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

I don't agree with how this data seemed to be formulated, since it feels like it's been a completely arbitrary projection. But the general trajectory is certainly going to be that bitcoin's growth will outpace gold's growth in the long run.

Bitcoin is essentially the best digital substitute for gold as a store of value as we have right now. Even people at the Federal Reserve are admitting this (look at the news that just came out if you haven't already, regarding the Fed). It's also experiencing a whole ton more of adoption and thus, increase in demand than gold, not to mention the gradual paradigm shift of gold bugs to opening their minds to cryptocurrencies as a viable safe haven as well.

At the end of the day, as I said, I wouldn't put too much weight on the 25-30x figure he produced - since there is no clear evidence that he's used any legitimate analysis to reach that figure. But I certainly think that over the next few decades, despite gold's status of a global reserve currency will still be there, it will probably diminish somewhat.

I agree -

EdenHazard

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There are many factors which can make bitcoin price goes drastically in the future, such as halving event, its supply becuase it has been limited and the user itself, when cryptocurrencies has been mainstream there will be many people who want to buy bitcoin and store it as their investment place.

So it is not wierd when some expert and some popular person gave a statement to the future of bitcoin who will have a high price. As you may know the created of antivirus Jhon McAfee has gave a prediction to bitcoin price at 2020, the price bitcoin will touch $1 million at that time and he bet if bitcoin cannot reach $1 million at 2020 he will cut his own genitals.

He is so optimistic that bitcoin will reach that price, but who knows no one really knows the price of bitcoin in the future but from the fundamental side we have the right to have a little faith in it.

leea-1334

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Quote from: Adriano2010 on July 21, 2019, 05:13:36 PM

Bitcoin indeed grow faster than gold over time, but still who invest on last bull run they hold and wait for a new ATH and no one know for sure when teh next bull run and a new ATH for bitcoin will come. But i agree that this people who say bitcoin will grow a lot should come also on 2018 and say that.

And we are only at 50% of the ATH of that last bull run, they should not feel too worried,,, it is only 1.5 years ago. Even at 3 years they should not worry because Bitcoin will take a long time to get there, but it will. You cannot stop something that is improving every day and making gold and fiat look really bad day by day. Gold will survive longer than Bitcoin, but Bitcoin can always turn into something else!

samcrypto

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Quote from: Adriano2010 on July 21, 2019, 05:13:36 PM

Bitcoin indeed grow faster than gold over time, but still who invest on last bull run they hold and wait for a new ATH and no one know for sure when teh next bull run and a new ATH for bitcoin will come. But i agree that this people who say bitcoin will grow a lot should come also on 2018 and say that.

This is another trend with bitcoin, and we can’t buy cheap bitcoin anymore but right now there’s still a chance to buy because the new peak is yet to come. Bitcoin moves faster than any investment especially if you compare it to Gold, bitcoin will continue to deliver and go up again.

Adriano2010

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Bitcoin indeed grow faster than gold over time, but still who invest on last bull run they hold and wait for a new ATH and no one know for sure when teh next bull run and a new ATH for bitcoin will come. But i agree that this people who say bitcoin will grow a lot should come also on 2018 and say that.

Krislaw

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Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

25 -30 times faster to the upside than Gold.
What's your take on this, will bitcoin price increase?

Bitcoin already moved faster than gold, this happen 10 year ago begin, so it isn't new for reason make bitcoin price increase.
but gold and bitcoin have same physically different like fiat, other people told bitcoin as future of gold or digital gold, bitcoin have limited but gold unlimited.

fabiorem

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Bitcoin is not ahead of its price.

The bull run will be on the five digits zone, and there is too much ground to cover, if we compare to four digits.

Febo

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Quote from: BitHodler on July 13, 2019, 03:15:37 PM

Quote from: LeGaulois on July 11, 2019, 02:35:05 PM

What a risky prediction, he can bet money on it no problem to him.

I doubt he does. OGs like him sit on a large stack of Bitcoin and just bank on the forks and price appreciation. All he needs to do is open his mouth once in awhile to 'secretly' promote stuff he has been paid for to promote.

Quote from: LeGaulois on July 11, 2019, 02:35:05 PM

Can't believe each time these guys open their mouth an article is published, no matters the shit they say.

It's business for news outlets. They'll grab anything they can write an article about and people here will continue to read it no matter how shitty the content actually is, that's what I call doing business the right way. Cheesy

In the last 12-24 months the quality of crypto content has reached the lowest ever point, yet these news outlets manage to grow with pretty significant numbers. Based on that they will definitely not improve. Why would they? It's easy money.

How far? Question here is not if it is ahead or not. We know it is ahead but how much ahead. Is Bitcoin 25-30 times ahead? My answer is NO. Not right now.

Dreamchaser21

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Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

I hope so, I don't want to see bitcoin on a lower price again maybe its the right time for us to pump again. The increase on bitcoin is the must, this year we need to see a most expensive bitcoin again for us to move forward in the next year. The most anticipated halving with bitcoin should bring the price up again hopefully.

STT

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It wont take decades, the secret to guess that correctly is the Dollar index which is putting in a lower high. Yes Dollar is not crashing, its still in the region of being highly rated asset and that is why gold is still relatively cheap, when gold passes 2,000 not many will have the faith or confidence to realise its still a buy but right now I'd say its a reasonable consideration.
The secret to finding relative value is by contrast to its main alternative and for Gold that is Dollar which itself was rated in gold at one time and still carried on that idea for many decades after. USA has not sold any of its Fort Knox gold, I dont believe any conspiracies of that type because its really not a question of any weight. The only thing that matters is the monetary base and its expansion relative to reserves such as the gold, its far past any reasonable support. If dollar no longer has a link to gold then the price for gold is free to rise far beyond anything expected especially if it were used as an alternative by the worlds central banks.

Its all speculation so far but its a very reasonable path for why gold and also other alternatives such as Bitcoin or many unlinked currency standards would outperform dollars, normal pricing.

1Referee

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Quote from: BitcoinHunt3r on July 14, 2019, 06:22:24 AM

Maybe gold naturally will be good as investment, people who trade it only take advantage from it's price that keep increased in time.

Gold has relatively speaking been a good investment if you got in below $1000. It took Gold 5-6 years to break the resistance level that was preventing it from going higher due to all the (unbacked) paper shorts. Imagine how long it will take for Gold to break through its all time high. It might take decades without investors looking for a safe haven.

Also keep in mind that Bitcoin is a capable competitor that will usurp a big chunk of that safe haven capital. I wouldn't put a single penny in Gold unless you think all fiat currencies will implode and Gold is the only form of value that will hold strong.

Oilacris

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Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

Nothing special!

These popular faces do give out their insights towards btc which is pretty basic and not always been a good thing to follow about.They might give out
positive sentiments but doesnt mean that it do always affect the price.

Bitcoin is been known to be very volatile and it already prove out that it can surpass any traditional currencies/metals/stocks when it comes to price changes.So nothing usual on here.

STT

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I wont argue on the exact amount but he isnt wrong on the differing natures of the two asset types. Gold is supposed to go slow as hell, it also a giant brake to halt any great falls. Overall over time gold never loses its value where as there is a risk apparent in BTC that explains why most of the world is not more involved beyond speculation. BTC requires more work, both to succeed and even just to speculate you are going to be more worried on its variations in price.
My attitude to gold is buy and forget is almost how it should be done, the only requirement is you have the correct time frame. Do not buy gold with less then 10 year requirement, it can fall for that length of time and still be a good valid asset doing as expected. Great if it returns a gain before then but its not in the rulebook.
BTC I'd say anything goes, to really do well it requires a rapid transformation in the world that technology is an asset to that change. Never go 100% or close to that on either type but imo gold is the lower risk of the two by a fair margin hence the lower gains are expected.

Carreuh

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Exactly that bitcoin rises in price faster than gold but bitcoin is also faster than gold, the price of bitcoin is very volatile so it is very difficult to predict, so some people are afraid to invest in bitcoin because the risk is quite large, even though the risk is big there is definitely a big advantage too, all choices are in your hands

BitcoinHunt3r

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Quote from: yvesp110 on July 14, 2019, 02:21:15 AM

Quote from: Febo on July 13, 2019, 10:15:07 AM

Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

It is hard to believe, since Gold is close to start moving. So if price of gold doubles Bitcoin have to get to $300k. If it triples then Bitcoin will have to be $600. And if quadruples, then Bitcoin will have to be close to a million UDS. I firmly believe we will more likely see a ounce of gold at $6k then Bitcoin at 1 million.

I think that Bitcoin is far ahead of what gold can promise right now. We know that gold has been around for more than 1000s of years but Bitcoin in a short period of 10 years has pretty much elbowed aside gold and there are so many reasons behind this. Gold is not usable when it comes to international transactions however it is Bitcoin that makes you able to do things in matter of minutes.

Maybe gold naturally will be good as investment, people who trade it only take advantage from it's price that keep increased in time. But bitcoin have a lot of things inside it, it can be investment, digital money for transaction and there are a lot og things else that can make bitcoin is better.

yvesp110

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Quote from: Febo on July 13, 2019, 10:15:07 AM

Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

It is hard to believe, since Gold is close to start moving. So if price of gold doubles Bitcoin have to get to $300k. If it triples then Bitcoin will have to be $600. And if quadruples, then Bitcoin will have to be close to a million UDS. I firmly believe we will more likely see a ounce of gold at $6k then Bitcoin at 1 million.

I think that Bitcoin is far ahead of what gold can promise right now. We know that gold has been around for more than 1000s of years but Bitcoin in a short period of 10 years has pretty much elbowed aside gold and there are so many reasons behind this. Gold is not usable when it comes to international transactions however it is Bitcoin that makes you able to do things in matter of minutes.

BitHodler

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Quote from: LeGaulois on July 11, 2019, 02:35:05 PM

What a risky prediction, he can bet money on it no problem to him.

I doubt he does. OGs like him sit on a large stack of Bitcoin and just bank on the forks and price appreciation. All he needs to do is open his mouth once in awhile to 'secretly' promote stuff he has been paid for to promote.

Quote from: LeGaulois on July 11, 2019, 02:35:05 PM

Can't believe each time these guys open their mouth an article is published, no matters the shit they say.

It's business for news outlets. They'll grab anything they can write an article about and people here will continue to read it no matter how shitty the content actually is, that's what I call doing business the right way. Cheesy

In the last 12-24 months the quality of crypto content has reached the lowest ever point, yet these news outlets manage to grow with pretty significant numbers. Based on that they will definitely not improve. Why would they? It's easy money.

Febo

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Quote from: Prateek_sharma on July 10, 2019, 03:23:52 AM

Most popular faces of Crypto industry are regularly posting their views on the king coin.

One of the well-known crypto enthusiast and Co-founder of Heisenberg Capital, Max Keiser believes Bitcoin price will move 25 -30 times faster to the upside than Gold.

What's your take on this, will bitcoin price increase?

It is hard to believe, since Gold is close to start moving. So if price of gold doubles Bitcoin have to get to $300k. If it triples then Bitcoin will have to be $600. And if quadruples, then Bitcoin will have to be close to a million UDS. I firmly believe we will more likely see a ounce of gold at $6k then Bitcoin at 1 million.

fabiorem

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Max Keiser is more rational than John McAfee in this respect.

He pointed out that a lot of actors in the cryptospace suffers from "bitcoin derangement syndrome", which mades sense when someone goes "all in" (in both ways) and cant do anything else in his life without worrying about the bitcoin price. A high exposition (or the lack of it) leads someone to BDS, and thats why I said to not go "all in" and have a more balanced investment, since both FUD and FOMO are bad for your health.

Max Keiser predicted a top of 100k for the entire bitcoin history. I still believe it can go to 1 million in a decade, but a stagnation around 100k mades more sense if we put into perspective the boomer mentality among the ones who can afford bitcoin. The younger generations, which are more likely to adopt bitcoin, dont have money to buy it. Some are even living in cuckpods, because they dont have money for rent. Institutions, on the other hand, have a lot of money, but they are ruled by boomers, who fear bitcoin and dont understand it.

buwaytress

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Seriously not really into this whole digital gold analogue gold debate. Gold is gold and there is a reason it was still hidden, smelted, robbed and carried by refugees. I am all for Bitcoin and I have no gold but I wouldn't be expecting rwfugees to be holding btc on a usb any time soon or any time in the next 10 years even.

Gold has its value as something sure. Even as a Bitcoin user I know btc doesn't have value as certain.

It's not 100x gold holders are looking for or even 10x. It is as close to 1x as possible for perpetuity.

Topic: Bitcoin Will Move up 25 -30x Faster Than Gold Says, Max Keiser (Read 683 times)