BTC up 42% year to date while Gold did good at 28%. Will it carry on? - page 3.

Velkro

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Quote from: vennali on July 27, 2020, 06:33:52 AM

BTC has had great returns based on year to date while Gold doing pretty good and not far behind.

Personally i think prices of gold and Bitcoin are tangled together a bit.
Covid hit economies all over the world, all goverments printing money like crazy making money less valuable.
Things separate from money like minerals or Bitcoin are gaining value because of that.

Yamifoud

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We better forgot the gold here because there is no such significant effect on its price as what happens to Bitcoin by now. The surge of Bitcoin as we currently experience today will definitely not affects gold in return. We can imagine how volatile is Bitcoin unlike we saw for gold, in fact, there is no such Bullish term in gold which unlikely to hear and see in the crypto market.

Bitcoin price is moving straight forward after surpassing the $10k wall, but we can expect for its continuous market gains. Because after this surprising market jump, dumps as to follow, we have this scenario almost all the time. Can't just ignore this thing.

cosmicrays

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Bitcoin may stop abruptly, and gold will gradually continue to grow in price.

Jet Cash

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https://JetCash.com

Gold, silver, copper and lead are all up. Fiat currencies seem to be dropping. It's difficult to know what one should use for comparison.

I believe that Bitcoin is the only hard digital asset, so maybe we should use a basket of " real "assets for the comparison. Now how about rare earths. They really aren't so rare, but production has been controlled by China. This is changing quickly, so their prices will drop as other counties expand their mining interests, and this could affect the price of some of the precious metals.

crzy

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On the current pump, I can say that gold really lift bitcoin up to where it is now and I support this two because of their real value. The market struggles a lot on the past months and its good to see bitcoin actually pumping along with the good altcoins, gold will never be left behind because it is acceptable by many. If bitcoin breaks another wall, I optimistic for the price of $12k.

Vatimins

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Blue0x.com

I personally think that comparing bitcoin related numbers with numbers related to gold wouldn't really do much for anyone concerned since they are both like water and oil. It really doesn't make sense. But for the sake of it, I don't think bitcoin will stay as so because clearly in the past years and months we have seen it move a lot unlike gold that almost doesn't make moves. In short, it is less likely volatile compared to btc.

buwaytress

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Yeah, you know how Bitcoin is. Spends most of the time doing nothing and 1% of the time near ATH, and any which way you look, loves to go in parabolic cycles that means if you don't catch the top, you'll spend most of your Bitcoin holding in tears UNLESS you dollar cost average like us smartie pants.

Gotta say those gold fellas been doing it far longer than us though and their long term is much farther in the horizon than us.

Think gold will catch up on BTC this year, and we still have a good 5 months to see what Bitcoin does.

minairia3

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Quote from: vennali on July 27, 2020, 06:33:52 AM

BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

I think bitcoin is highly risk asset compared to gold. I know both fan go up and down but we can be sure that bitcoin is more volatile than gold based on the past history. I like how the bitcoin moves lately and continue to rise even there are market crisis happening. Im more bullish though on digital crypto than gold.

Anytime it could also got dumped. Knowing many whales are having fun to play their funds on the market.

The Cryptovator

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First of all, I don't want to compare bitcoin with gold. Gold has real-life existence and Bitcoin is a digital decentralized cryptocurrency. Gold doesn't need to be backed by Bitcoin backed by the community. The most important thing is Bitcoin is high volatile cryptocurrency and gold price is stable. So, compare the price trend bitcoin & gold wouldn't possible. You might indeed get a high return from the bitcoin due to volatility, at the same time you might lose huge funds as well. Most of the time Bitcoin price trend is higher than gold. I believe it will happen always, we can't imagine after 20 years where will be the bitcoin price but believe gold can't run with bitcoin anyway.

mk4

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Who knows dood. Bitcoin could keep growing to all-time highs in a month or it could go back down to the $3000 levels in a week.

You've been here since 2013â€” 3 solid years ahead of me. If there's something you should have known by now, it's that bitcoin is unpredictable as heck, and that speculating what's going to happen in the short term is a total waste of time.

20kevin20

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The current worldwide economic status makes this happen. And, imo, we are only getting a very quick glance of what's to come. Whether BTC is about to follow the uprise of safe haven assets or not is the never-ending debate that makes no sense anyway - it's us who will decide whether it is or not.

Personal opinion: the elderly will purchase more gold, the younger will lean towards BTC for a safe investment. We'll see what's going to happen. If the above comes true, BTC and Gold will go in tandem.

jpnl0006

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Rather than go by the nuerical increase via the percentage scale of determining the upscaled price of bitcoin as compared to gold, i will preferr to work with the number of people who have gained knowledge of the technological framework of bitcoin and has been the driving force behind the increase in advantageous competition between bitcoin and gold.

vennali

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BTC has had great returns based on year to date while Gold doing pretty good and not far behind. BTC is up 12% this quarter. How do you think BTC vs Gold will carry on until the end of the year? BTC to lead all the way? Any technological developments needed for BTC to improve on its way to the moon?

Topic: BTC up 42% year to date while Gold did good at 28%. Will it carry on? - page 3. (Read 513 times)