Topic: Could Bitcoin Crash Gold? - page 6. (Read 5913 times)
I dont think either, it can not bitcoin crash the gold, gold is something real and bitcoin is just digital
I don't think so. Are two different assets and everyone of them serve for different purposes. Bitcoin serve to pay for goods only in internet while gold serve as a reserve assets. Maybe are coins in gold but I don't think that someone use them to buy something in everyday life. Both of them has value and is thought that their value is or will be stable in time. Maybe their value even will be increased in time. Especially the value of bitcoin. But gold remain gold. It is the referring point for most of the fiat money in circulation even if this is not official. And this is not few.
Gold exists for thousands of years , There is nothing on the world that could screw Gold on the world including Bitcoin or any cryptoo currency .
They did not need Bitcoin to screw up Gold: https://www.youtube.com/watch?v=6YtMaGEH2RQ
Gold exists for thousands of years , There is nothing on the world that could screw Gold on the world including Bitcoin or any cryptoo currency .
Lol, do you really think something with a $4,000,000,000 market cap could crash something that has a known market cap at least 1000x that?
it mean reaching a price of 300k per coin to crash gold, well not impossible, but it could happen after 2024, even if it happen for 1 day, due to the unstable nature of bitcoin that can build random high pump, we could say that gold is crash
People still invest in ‘gold’ or ‘bonds’ as a way to save money an grow their wealth. But when you need to transfer your gold across the border or withdraw your bonds, you’re sure to draw some attention. Or worse, you might even get robbed. But if you use Bitcoin, then you can just store your money in a digital wallet, and take your property anywhere in the world without a single question being asked. Simple!
That is true, when it comes to transfer your funds, I think bitcoin is very safe as compared to the gold, As you cannot travel with the huge amount of gold to different countries as the custom departments would ready to question you, but in bitcoin you can travel with any number of bitcoins in your digital wallet.
Gold is a physical lump. Bitcoin is not. That's all that a huge amount of people will care about for a long time to come.
If you took out racial memory the concept of Bitcoin as a store of value kicks gold's arse. You can send it anywhere, divide it, pay with it, store it with a few memorised words, it can't be counterfeited, if you buy it it's unquestionably the real deal and it's yours within a few minutes.
In comparison gold is a fucking joke. If you have physical it might be fake. There's hardly anywhere to sell it. No one'll take it for payment. You can't transport it easily or divide it. As for paper gold, oh boy.
But trying to change the hardwired preference of the billions of people who value gold is also a fucking joke. Maybe in a decade or three things'll look very different.
If you took out racial memory the concept of Bitcoin as a store of value kicks gold's arse. You can send it anywhere, divide it, pay with it, store it with a few memorised words, it can't be counterfeited, if you buy it it's unquestionably the real deal and it's yours within a few minutes.
In comparison gold is a fucking joke. If you have physical it might be fake. There's hardly anywhere to sell it. No one'll take it for payment. You can't transport it easily or divide it. As for paper gold, oh boy.
But trying to change the hardwired preference of the billions of people who value gold is also a fucking joke. Maybe in a decade or three things'll look very different.
If bitcoin is now the ultimate money on the planet, will this cause gold to crash to it's intrinsic value as an industrial metal used in circuitry and jewelry?
No.
Stupid mainstream media now says (like many times before) : "Gold is dead"
-> you should buy gold (& BTC )
Lol, do you really think something with a $4,000,000,000 market cap could crash something that has a known market cap at least 1000x that?
Gold market is an ancient a huge market that have countries as owners of gold
So bitcoin could not do anything against gold,they play in different leagues
So bitcoin could not do anything against gold,they play in different leagues
No there are those who will always hold gold. Lots depend on it as part of their portfolio. And it's been used for many many years.
BTC might be added to someones funds, but most won't switch from gold to BTC.
BTC might be added to someones funds, but most won't switch from gold to BTC.
I was watching the charts very closely during the Greek madness that went on during the past few weeks. One would have expected gold to get at least a little boost from the crisis, yet it continued it's downward trend, seemingly completely unaffected by the Greek crisis.
Price of gold is mostly linked to US Dollars and oil prices, not very sensitive to a country's debt defaults (unless it's of a major economic power).
This has me wondering if bitcoin is affecting gold. Gold has been declining in price ever since 2012.
Now that bitcoin is on the scene, it seems that gold is no longer the ultimate store of value nor the ultimate money on the planet.
Now that bitcoin is on the scene, it seems that gold is no longer the ultimate store of value nor the ultimate money on the planet.
Bitcoin is not affecting gold at all. You are expecting too much from a crypto/payment system. Bitcoin will not de-throne gold. Gold is so widely accepted as a store of value for thousands of years, it would be very difficult to change.
Yes I definitely think so.
By watching the increased craziness about Bitcoin I think it will crash gold some day.
By watching the increased craziness about Bitcoin I think it will crash gold some day.
Increased craziness? On this forum or in the real world? Because i never hear people talk about it. Never hear anything in the news. Never read about it in the papers...
Yes I definitely think so.
By watching the increased craziness about Bitcoin I think it will crash gold some day.
By watching the increased craziness about Bitcoin I think it will crash gold some day.
I don't think it ever will... I truely believe BTC will become a mainstream payment method, but i don't think it'll ever replace gold... People love shiny things 
Can someone post that information again, or a link to it, where they say that if only 10% of the investors in gold, invested that money into Bitcoin, it would triple the price of Bitcoin.
I cannot remember the exact figures, but it was a massive figure. I would hope more people would find Bitcoin as the safe haven, and not the other way around.
I have searched the internet, and I could not find any reason for the steep decline in the gold price. Have the found new deposits or cheaper technology to extract it?
I cannot remember the exact figures, but it was a massive figure. I would hope more people would find Bitcoin as the safe haven, and not the other way around.
I have searched the internet, and I could not find any reason for the steep decline in the gold price. Have the found new deposits or cheaper technology to extract it?
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If bitcoin is now the ultimate money on the planet, will this cause gold to crash to it's intrinsic value as an industrial metal used in circuitry and jewelry?
If bitcoin is now the ultimate money on the planet, will this cause gold to crash to it's intrinsic value as an industrial metal used in circuitry and jewelry?
bitcoin is growing for sure but it is not the ultimate currency that can conquer the world and replace every other sort of money or valuable objects .
IMO Gold is always going to be the valuable metal and because of its usage in a lot of stuff it will never lose its market, but at the same time bitcoin is a growing market which attracts more and more people everyday.
I don't think gold will ever be destroyed in prices. It has survived 5000 years, I don't see why it wouldn't survive another 5000.
If you look at gold prices historically, you can see that gold has long periods of growth and long periods of depreciation so the current situation where gold is losing its value is quite normal.
Now, did the gold get another competitor in bitcoin, it certainly is!
Will gold's prices be influenced by bitcoin in the future, sure they will. It rests to be seen how and in what ways. We will let this be shown by the markets.
If you look at gold prices historically, you can see that gold has long periods of growth and long periods of depreciation so the current situation where gold is losing its value is quite normal.
Now, did the gold get another competitor in bitcoin, it certainly is!
Will gold's prices be influenced by bitcoin in the future, sure they will. It rests to be seen how and in what ways. We will let this be shown by the markets.
We'll have tons of money inevitably migrating from Gold to BTC in the future. When old gold holders die and the young generation inherits it, if they are dumb as bricks they'll realize it's worth investing some of your gold in BTC. There is so much gold compared to BTC, the space for growth is real.
Log progression. We getting there:
Log progression. We getting there:
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