Topic: In times of war, Gold rises. What about Bitcoin? - page 3. (Read 664 times)

Don't compare Bitcoin to gold because they have different backbone, just because the price of gold is rising doesn't mean that Bitcoin should too.

But if you're being hopeless because of that scenario, then let's compare. Why gold price doesn't increase that much compare the Bitcoin when it exist for a long time already unlike for Bitcoin which only started way back in 2009, correct me if I'm wrong. Gold is too old fashioned for me, hard to store, prone to thieves, etc.

I would say that both gold and bitcoin are considered different types of investment. Though Bitcoin has more advantages in terms of transparency and volatility and when it comes to value, gold only appreciates its price as time goes by. Bitcoin, as a digital currency commonly referred to as digital gold, has a higher potential for growth but the value is uncertain and everyone is aware of that. You're right that we don't need to compare the BTC to gold as they have differentiation and if you're holding BTC, just hold it and wait till the value appreciates. In the end, Risk takers and investors probably would like to have both as long-term investments.

Bitcoin is highly volatile which doesn't make it a good choice for someone who needs to choose a quick store of their wealth. If your country is at war with another, the first thing you would think about is choosing an asset that is quite stable and wouldn't let your wealth lose a lot of value no matter how much time it takes you to withdraw it from there, and Gold is probably the first thing one would think of because of its stable nature and slow growth rate with no much drop in value over time.

It also can be because a lot of people might not know about Bitcoin in places where the war is going on, and gold is way more popular than Bitcoin, all around the globe, so people think of buying Gold with their wealth when they need an investment asset to save their money from devaluing for any reason.

Tho fake news add another complexity to understand crypto’s behavior during global events, I doubt it too that war directly affects it. If you are part of the victims of the war and everything feels uncertain, you would prefer something stable tather than bitcoin I think. People tend to lean towards more traditional assets during uncertain times like gold, real estate, or government bonds because they consider it safer and their value is more predictable. Cryptocurrencies on the other hand are highly volatile and riskier in such situations. It's all about finding stability amidst the chaos

Any nuclear war scenario will lead to irreversible consequences, and it seems to me that people will be of little interest in gold and Bitcoin. But even in this case, it will be extremely difficult to destroy the entire Bitcoin network, unless there are cataclysms on a global scale, which will change a person’s values, since he will have to think about surviving and finding food. I hope this never happens because everyone needs to understand the consequences of these decisions.

Gold is a safe haven asset, so investors use it during difficult times. Bitcoin is still too young and has a lot of challenges to go through before it will be accepted in the same way as gold.

If you look at the current situation, it turns out - war is not the catalyst for bitcoin's rise....  There is no direct correlation between the Bitcoin rate and the beginning of Russia's terrorist war against Ukraine and economic terror against the EU in 2021-2022. Just as there is no discernible dependence of the Bitcoin rate on the Hamas terrorist attack on Israel and the rising tensions in the Middle East. The only thing that "undermined" the rate is the fake news about BlackRock.
It seems to me that in critical times people will prefer more liquid and more classic assets, especially against the background of unclear situation with cryptocurrencies in general

Exactly,
If you're not a risk taker you shouldn't  get involved with bitcoin but I always tell people that the peace of mind with it pin comes when you can afford a while fraction of bitcoin which is owning one full bitcoin, because as a believer, ive always wish I can afford one bitcoin  and just be at peace because as long as bitvoin doesn't fall to zero, you're still in business and now imagine buying one bitcoin at the current market price and letting it grow to an an all time new price, that's cool profit without stress.

I've also been on the opinion  not to compare bitcoin, gold or even land and I once compared land and bitcoin but frankly, if I have my way, I would hold them all.

You can't analyze markets like this, specially from a very narrow point of view. For example if you zoom out from the charts you can see that Gold price is only recovering from a big dump last month. In other words the current gold price is not new, it is what we had in last week of September.

When analyzing bitcoin there is also a lot of things to consider. For example bitcoin's market is a lot more manipulated than gold's. So obviously you can't expect same behavior. The rise is clearly being suppressed these days despite market's readiness for rallying.

As for war time, it is not yet war time! Despite the extreme brutality of the Israeli terrorists, this is a very localized war in a very small region. So unless it expands and gets a couple of countries involved you can't call it "war time".
So the world is still being affected by the very high interest rate that is literally sweeping all the capital from other markets into the shitty bonds governments are selling because that is more profitable. Unless interest rates are dropped we may not see any major rallies in either gold or bitcoin markets.

Gold has physical form that was investor like, while bitcoin is still need the internet and electromagnetic.

so if the war still continues and gets worse, such as the nuclear war, Bitcoin will be useless and hard to use for transactions because nuclear radiation makes the internet and electromagnetic shut down. Investor know that, the nuclear war create the armageddon that make all internet network is extinct. So when they keep and buy gold, it could help them if that happens.

So, now, just thinking to do not making the nuclear war happen, let's make the peace world if we still love bitcoin.

Stop the war, or if we want the nuclear war, we must think about how to make the network still live even after the internet shutdown.

Yeah, I think there is still that part that many investors are not yet trusting Bitcoin, at least to the extent that they could trust gold. And I think that's completely understandable. Gold has been of value since time immemorial. Bitcoin's résumé may not be as impressive, especially to those traditional investors. But as per gold and Bitcoin's features, in times of war, Bitcoin is probably more advantageous.

Another reason perhaps is that Bitcoin's price is moving according to certain factors aside from the world's conflicts. Although such conflicts may play a role in Bitcoin's price, there could be more influential factors such as the upcoming halving in April next year or the repeated postponement of the SEC's decision on the applications of a Bitcoin spot ETF in the US.

Gold is an asset which has been with the humankind since time immemorial, and its value is of no question.
Thus, we can't discard the fact that it is still one of the reliable assets that people want to hold given circumstances.
Bitcoin, is different as it is a digital asset and a very volatile one up until now.
If you are not a risk taker, you won't involved yourself in this market, you will prefer the tangible ones like gold.

Wars are expensive and since many countries keep a gold reserve for foreign exchange and are likely to spend it during a protracted war we could say the opposite that the war will lead to the selling of gold to fund the war.   Gold in supply greater then usual should lead to a lower price most likely though its also arguable that gold being used so heavily as cash at that time reinforces its usage and validity long term.  It will be ironic but the lead up to war could be when gold value rises.
  China had no gold in its national reserves at this century start and has been buying ever since to gain this advantage, will they then be ready to wage war when they feel enough gold is held ready to spend.  Again I think BTC will do best when used not stored.

I had to qoute your entire op because I basically don't know how best to say this, but I think people already believe so much in gold either digital gold or physical gold and this is because gold had already proven itself long before now unlike Bitcoin or cryptocurrency which is still new in the market and highly volatile but I had to go check gold out and it seems the rise wasn't really significant and bitcoin  has a lot of factors that determine its rise and fall and bitcoin  can either rise or fall with or without war.

Yes,  Not only has Gold risen or benefited in times of war but we have also seen Bitcoin rise as a result of war due to fear of uncertainty, Though Bitcoin has only spent a decade plus, and we haven't had a major war event like that of the Russian invasion of Ukraine where we see Bitcoin play a major role in term of acting as an avenue for Donation of funds to the affected country, and Countries like Russia using it to escape sanctions and thereby making people see more need to bank on Bitcoin and which increases demand.

Gold has a very long track record of being a "flight to safety" type asset when people want to get out of the stock market if they fear a crash. Wars can start a crash and we are in a bit of a volatile moment at the moment, but it can quickly reverse course to be averted - we know that Israel and Palestine are at "war" but it seems very localized right now. If oil prices do go haywire due to conflict in the middle east, it's possible you'll see a small bump in alternative assets, but Bitcoin has at times tracked the stock market, so it too could be a victim of people wanting to cash out and store money in more accessible - offline - places. The longer crypto sticks around the more historical data points we'll have to go on in future.

Yup. Regular investors don't have the reason to, and so they don't trust bitcoin just yet. Gold on the other hand is so trustworthy some people would rather get paid in gold than in fiat even. As for everything else, I don't think the war had much effect on the value of Gold, although historically speaking if this carries on for longer we might see some noticeable effects (I wouldn't stick around to find out tho lol). Bitcoin's a little precarious right now as it just suffered from one of the most devastating price losses last year, and is pretty much just gaining momentum once again to proceed with the upcoming bull run. So it all makes sense for bitcoin to remain stagnant for now (it's not connected to the world economy after all), and for gold to get some gaining although barely noticeable.

Basically, when there is a war, bitcoin gold will be the best store of value for the future. Because these two assets will not be affected when the war occurs, and these two assets will continue to increase in price. It's true that gold is older than bitcoin, but bitcoin is the future of technology. We cannot withstand technological developments that continue to develop rapidly.


In a war situation, especially if you are in a war-torn country, Bitcoin is the main choice rather than gold. Because gold storage is too heavy to carry everywhere and bitcoin storage only requires carrying a wallet seed phrase. Storing bitcoin is easier and safer than gold.

Gold hardly significantly rises in times of war. The surge did not beat energy, oil, and cybersecurity stocks, so it is way more lucrative than gold. Also, war/weapon-related manufacturing certainly rises. So if the conflict does not happen globally those things are certainly correlated to the prices and affect significantly.

And there is hardly a correlation with bitcoin as a value, especially when we talking about war. It is not people did not trust bitcoin, it is not gold is better. But rather simply there is not any direct correlation.

Or you can instead say that gold is older than in Bitcoin. But, BTC isn't a new invention because it existed I think for 14 years already. Many people already know and use it but maybe many of them are still not involved with it for different reasons. If those average people on the street also know Bitcoin, I'm sure they will now prefer it more than gold, for the fact that BTC is digital.

Even though they panic and their house got destroyed, they still can access their BTC later on but this may not always be the case with the gold because they are too bulky. Gold can rise and so as Bitcoin. In fact, BTC despite being newer than it, it value already surpassed it. And there are still more to come with it later on.

I'm not sure why this didn't happen unlike in 2020 when US and Iran had a clash when the US drone kill one of the Iranian most wanted soldier in their list and then all of sudden, we experienced rise in gold and some US stock but collapse when the two parties came to peace. However, I noticed that during the recent wars especially Rus-Ukr and Isreal and Hamas, there are speculations of some organizations usually sponsoring war and taking sides using bitcoin and when United nations or US find out, the address are flagged and if deposited into bitcoin, they are sieze, maybe that's few of the reason bitcoin don't pump because chain analysis thinks bitcoin some people used bitcoin for wars.

I don't understand why Gold price should rice now with Hamas and Isreal, not like they are gold rich countries, it was reported some days that Isreal currency has crash to new low against dollar, I think something isn't adding up with the pumps we have seen in gold or could also be a coincidence, there is another market force that led to the increase.


1% change in traditional market is something they celebrate because the volatility is low over there. That's how they celebrate. However, many traders in there do margins with borrow funds, a 10x with 1% will print some profits or some loss.