If a war occurs then gold and bitcoin will be a good store of value for us and the price of bitcoin will not be affected by the war that occurs. We can see with the two wars that have occurred recently, Ukraine vs Russia and Israel vs Hamas, but the price of Bitcoin has not fallen, instead it is now rising. Even if a third world war occurs, cryptocurrency technology will eventually survive and replace gold and cash after the war, blockchain technology is superior.
Additionally, in case of war, carrying gold is very heavy during war and carrying a ledger (digital wallet) can be put in your pocket and protected. I don't see how difficult it is to choose. The internet and electricity can always be reopened once everything is settled and the store of value will always remain on the blockchain until transferred.
Topic: In times of war, Gold rises. What about Bitcoin? - page 4. (Read 756 times)
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
You're comparing Bitcoin to gold, but why? You are aware of their distinctions from one another. We are also aware of Bitcoin's advantage over gold. Therefore, I don't think it means that more people are investing in gold and that no one wants to buy Bitcoin; it's not like that.
Is Bitcoin not trusted at all? For more than ten years, Bitcoin has been operating in that manner. The fact that the investors no longer want Bitcoin indicates that they did not invest in gold. That's also not the case. They are investors because there are still people who want to invest in things like gold, bitcoin, and other cryptocurrencies, right? You're aware that it must be.
"Silver wins battles , Gold wins wars " and Bitcoin wins in both of them so the current rise of Bitcoin is no coincidence and in my opinion we slowly transit towards bull run. Will it get a big spike in price until the last year ? I doubt that , however , I won't be surprised to see price above 33k by the end of the year. 
Bitcoin and Gold are different classes of assets. Bitcoin might not fluctuate in times of war. Bitcoin will pump in the coming months, and the price will go past $30k. On the other hand, Gold is stable at the moment with slight fluctuations in the price.
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.
I guess Bitcoin is still new to the world. Investors trust Gold because it has been around for centuries. I think we should give Bitcoin more time to see what happens. I'm certain the world will adopt BTC as the new store of value because of the benefits it provides. Volatility aside, Bitcoin is better than Gold because it's portable, decentralized, and highly-divisible. It should only be a matter of time before people recognize this.
I'm in no hurry to see Bitcoin going all the way to "Mars" as long as it does the job it's supposed to (bringing banking to the unbanked). If it doesn't sacrifice decentralization in the long run, it could last a lifetime. Maybe Bitcoin and Gold will co-exist for generations?
Bitcoin and Gold are different classes of assets. Bitcoin might not fluctuate in times of war. Bitcoin will pump in the coming months, and the price will go past $30k. On the other hand, Gold is stable at the moment with slight fluctuations in the price.
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.
I think large institutional investors still see Bitcoin as a store of value, with too much short term volatility. They do not want to lock in their investors money and then wait a few years for the Bitcoin price to recover or to reach a new "all-time-high" 
They want something like Gold that are giving them long-term steady growth in the price. On the other hand, some smaller individual investors might want to exit from the "government" controlled ...centralized financial system, during a war.... because those institutions become an ideal target for the enemy. (It is safer to store your wealth on a decentralized Blockchain that are not controlled by any governments)
The people fleeing their country, might also temporarily use "Bitcoin" to store their wealth.... because they know if it is stored in a Bank or on themselves, then it might get confiscated or blocked by their own government. (Bank runs) So it is better to cross the border, with your wealth stored on the Blockchain.
They want something like Gold that are giving them long-term steady growth in the price. On the other hand, some smaller individual investors might want to exit from the "government" controlled ...centralized financial system, during a war.... because those institutions become an ideal target for the enemy. (It is safer to store your wealth on a decentralized Blockchain that are not controlled by any governments)
The people fleeing their country, might also temporarily use "Bitcoin" to store their wealth.... because they know if it is stored in a Bank or on themselves, then it might get confiscated or blocked by their own government. (Bank runs) So it is better to cross the border, with your wealth stored on the Blockchain.
Bitcoin is convenient and has more convenient characteristics for speculative investors and manipulators. Therefore, it too has its audience. Bitcoin cannot be "discounted", nor can it be considered a very stable means of saving or accumulation. At least it is not for the mass consumer/investor, especially not ready to play for a long time.
Yeah BTC will be rising soon. Well past 30k this month and around 40k by Jan 1.
Much more likely to do that than another method.
My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear
added on. Gold is stable for now but you don't know about its future availability.
I.e. are asteroid filled with gold real and mineable:
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
if this is true gold will drop well under 500 usd an oz.
and if it is true silver looks more solid.
Much more likely to do that than another method.
My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear
added on. Gold is stable for now but you don't know about its future availability.
I.e. are asteroid filled with gold real and mineable:
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
if this is true gold will drop well under 500 usd an oz.
and if it is true silver looks more solid.
I doubt Gold will lose value quickly, especially when it's been trusted by investors for centuries. I know the discovery of an asteroid with Gold in it increases the supply. But that doesn't mean its value will go down overnight. The only way this could happen is if BTC becomes the world's preferred store of value. It could take decades before we're able to witness such a change.
I'm fine with BTC just the way it is, as long as it doesn't sacrifice decentralization in the long run. Knowing that the supply of BTC is limited, there's a high chance the cryptocurrency will reach a new ATH in the future. With or without market momentum, don't expect Bitcoin to go anywhere soon. Just my two sats.
If we think that other large quantities of gold can be found on Earth or on other planets and cause the value of gold to decrease. We should also not rule out the possibility that bitcoin will be decrypted in the future, there may be some algorithm or technology that breaks the blockchain...something like that. Our world is developing extremely fast and anything can happen. Bitcoin has been unbreakable for the past 14 years but there is no guarantee it won't be broken in the future, similar to gold.
We’ll have to wait & see, I don’t believe we are truly seeing the effects of both wars on the rest of the world currently. Heating gas & oil prices are up a fair bit since before the Ukraine war but I don’t think much else has affected the rest of us yet, maybe grain import prices too. Hopefully things don’t escalate too much because the last thing we all need is a full blown WW3. As for bitcoin it will do fine, we are coming towards a time where historically it performs very well for a couple of years.
Yeah BTC will be rising soon. Well past 30k this month and around 40k by Jan 1.
Much more likely to do that than another method.
My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear
added on. Gold is stable for now but you don't know about its future availability.
I.e. are asteroid filled with gold real and mineable:
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
if this is true gold will drop well under 500 usd an oz.
and if it is true silver looks more solid.
Much more likely to do that than another method.
My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear
added on. Gold is stable for now but you don't know about its future availability.
I.e. are asteroid filled with gold real and mineable:
https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/
if this is true gold will drop well under 500 usd an oz.
and if it is true silver looks more solid.
I doubt Gold will lose value quickly, especially when it's been trusted by investors for centuries. I know the discovery of an asteroid with Gold in it increases the supply. But that doesn't mean its value will go down overnight. The only way this could happen is if BTC becomes the world's preferred store of value. It could take decades before we're able to witness such a change.
I'm fine with BTC just the way it is, as long as it doesn't sacrifice decentralization in the long run. Knowing that the supply of BTC is limited, there's a high chance the cryptocurrency will reach a new ATH in the future. With or without market momentum, don't expect Bitcoin to go anywhere soon. Just my two sats.
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
The US dollar value also goes up in times of war and Bitcoin is mostly valued in US dollars. Don't ask me why the US dollar value goes up.
We live in a crazy world and nothing makes sense anymore.
The laws of finance and economics are about to be thrown at the garbage.Bitcoin is too volatile to be seen as a "safe heaven" asset like gold. I don't think that the Isreal-Hamas conflict will have such a big impact over the prices of all commodities and financial assets. There was a short term impact in the oil price, but it's over.
There will be an impact, if the conflict escalates and Iran blocks the Persian gulf, but I don't think that Iran really wants such escalation.
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
In times of war, Gold rises, you say but there is a statistics:Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
World War 1 - 1914/1918
World War 2 - 1939/1945
- Gold price was $18.99 during 1914-1918 years.
- In 1919 it become $19.95 and increased up to $34.85.
- From 1939 to 1945, it went down from $34.42 to $33.85 and then up to $34.71 in 1945.
- Gold' price started rising in 1972-1973 years and went way up. There are many things that have happened that also lead rise of gold's price but I want to bold the fact that it happened post-war, not pre or intra war.
This is not world war and Israel/Palestine or Ukraine has never had influence on Bitcoin's price, so, these wars rarely affect Bitcoin's price. Usually, in times of war, people only care to survive and no one has time to invest. Investment happens post-war.
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Gold is as old as man and has gained more publicity and recognition than Bitcoin. Bitcoin is just a new invention and many people have not heard or understood how it works. An average man on the street knows the worth of gold and sees it as a safe haven in doomsday-like scenarios. But many people are not technologically inclined so they prefer to stay clear from such presumed complicated investments.
I don't think gold rise because of the war, it just a coincidence. Assuming the one who bought are from those countries, how they can carry the gold that heavy during war?
I guess it's because the FED interest rate keep increase [1] and bad economy.
Bitcoin actually is better than gold in terms of flexibility, even your country are in chaos, you can still freely to buy and sell Bitcoin as long as the war isn't happen entire the world.
[1] https://tradingeconomics.com/united-states/interest-rate
I guess it's because the FED interest rate keep increase [1] and bad economy.
Bitcoin actually is better than gold in terms of flexibility, even your country are in chaos, you can still freely to buy and sell Bitcoin as long as the war isn't happen entire the world.
[1] https://tradingeconomics.com/united-states/interest-rate
I think gold rose because of the war in Israel-Gaza and this has been confirmed by different economists there was a similar experience during the outbreak of the Russia-Ukraine war. I also assume that inconsistency in the government policies concerning Bitcoin can also be the reason why people prefer gold investment. Almost every government in the world supports gold investment, but this is not the case with Bitcoin
I think large institutional investors still see Bitcoin as a store of value, with too much short term volatility. They do not want to lock in their investors money and then wait a few years for the Bitcoin price to recover or to reach a new "all-time-high"
They want something like Gold that are giving them long-term steady growth in the price. On the other hand, some smaller individual investors might want to exit from the "government" controlled ...centralized financial system, during a war.... because those institutions become an ideal target for the enemy. (It is safer to store your wealth on a decentralized Blockchain that are not controlled by any governments)
The people fleeing their country, might also temporarily use "Bitcoin" to store their wealth.... because they know if it is stored in a Bank or on themselves, then it might get confiscated or blocked by their own government. (Bank runs) So it is better to cross the border, with your wealth stored on the Blockchain.
They want something like Gold that are giving them long-term steady growth in the price. On the other hand, some smaller individual investors might want to exit from the "government" controlled ...centralized financial system, during a war.... because those institutions become an ideal target for the enemy. (It is safer to store your wealth on a decentralized Blockchain that are not controlled by any governments)
The people fleeing their country, might also temporarily use "Bitcoin" to store their wealth.... because they know if it is stored in a Bank or on themselves, then it might get confiscated or blocked by their own government. (Bank runs) So it is better to cross the border, with your wealth stored on the Blockchain.
Update: $29k now.
How fast it surged to $29,000, was also how fast it crashed under $29,000. It was a mere pump and dump that started from fake news/false information that was posted everywhere that I-SHARES Spot ETF was already approved today. We haven't seen that kind of surge from fake news since the days of the bull cycle. Hahaha. It's actually very exciting.
Yeah, I just saw it. Damn! Pure manipulation using the news. And because investors are all eyes on Bitcoin waiting for the ETF to be approved they used that to take advantage of them. This is not good, someone or some company should be sued for this. I bet a lot of victims will probably come out to show their support and not let this happen again.
They found a hole, they abused it. If this can keep on happening in the cryptocurrency industry then more investors will just pick Gold instead of Bitcoin and that not going to be great news for all investors whose assets are in Bitcoin. It's scary that just one piece of news can rock the Bitcoin market and yet they are just apologizing for it and maybe fire one of their employees after pinning it to him/her and say it's all okay now. That's absurd.
I believe not. Hahaha. Or they will absolutely miss one of the greatest surges of an asset, while they HODL their Gold for a mere 100% profit held in three years. The opportunity costs would simply be too high to ignore Bitcoin.
Plus did you see how it surged because of the false information? What if it was true and real? To illustrate what kind of surge we might see when the ETF is approved, Gold's early ETF was approved during March 28, 2003. Find a Gold chart and zoom it out to the maximum.
What would an ETF do to Bitcoin's price if approved?
Plus there's the pivot from Quantitative Tightening to Quantitative Easing + BRRRRR-Money-Printing. I believe Bitcoin will surge like the bull cycle of 2015 - 2017.
It's not yet time for bitcoin to increase because the crypto market is unique and different from the stock or commodity market.
There may be many reasons why the price of bitcoin has yet to start increasing, but we will not know why.
Maybe people still trust gold over Bitcoin, but what is clear is that there will be a time for Bitcoin to increase and we have to wait for that time to come.
If the price of bitcoin still hasn't been able to increase, we have to be more patient in waiting for it.
It is too early. I don't like these comparison between a financial asset that is barely 20years old with other financial assets that is a 100plus year old. The performance of both will be different. They will react differently to different situations and circumstances. Unlike gold and stocks which are centralized Bitcoin is not. There may be many reasons why the price of bitcoin has yet to start increasing, but we will not know why.
Maybe people still trust gold over Bitcoin, but what is clear is that there will be a time for Bitcoin to increase and we have to wait for that time to come.
If the price of bitcoin still hasn't been able to increase, we have to be more patient in waiting for it.
Good howigas more store value and since the first world war, it had been the medium of exchange for good or services rendered.
People would just trust a decentralized curywhich require data of connectivity to open.
It's not yet time for bitcoin to increase because the crypto market is unique and different from the stock or commodity market.
There may be many reasons why the price of bitcoin has yet to start increasing, but we will not know why.
Maybe people still trust gold over Bitcoin, but what is clear is that there will be a time for Bitcoin to increase and we have to wait for that time to come.
If the price of bitcoin still hasn't been able to increase, we have to be more patient in waiting for it.
It is too early. I don't like these comparison between a financial asset that is barely 20years old with other financial assets that is a 100plus year old. The performance of both will be different. They will react differently to different situations and circumstances. Unlike gold and stocks which are centralized Bitcoin is not. There may be many reasons why the price of bitcoin has yet to start increasing, but we will not know why.
Maybe people still trust gold over Bitcoin, but what is clear is that there will be a time for Bitcoin to increase and we have to wait for that time to come.
If the price of bitcoin still hasn't been able to increase, we have to be more patient in waiting for it.
I believe that people tend to place more trust in tangible assets they can see and touch and gold the best option for them(although this isn't always true). As a result they often stick with traditional methods of wealth preservation in times of war thinking or only knowing this is the best option. But, this doesn't mean there aren't individuals like us who choose to save and invest in Bitcoin during these times of conflict and even before.
Personally, I would go for Bitcoin as I typically do. This is not only because the same factors affecting gold prices can affect also Bitcoin, but beside that also I have confidence in the long term safety of my assets when stored in Bitcoin, Volatility is always there even in US dollar and Gold.
Personally, I would go for Bitcoin as I typically do. This is not only because the same factors affecting gold prices can affect also Bitcoin, but beside that also I have confidence in the long term safety of my assets when stored in Bitcoin, Volatility is always there even in US dollar and Gold.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks. 🙂
Unfortunately, cryptocurrencies are volatile due to the fact that they don't yet have a very significant volume in financial markets in today's conditions. This causes many companies and large investors to have the perception that cryptocurrencies can't maintain the value of money because they can't provide stabilization. Although there was an increase in the price of gold and a decrease in the price of Bitcoin in the past days, when we check the last 48 hours we can see that there has been a good increase in the price of Bitcoin. Although this situation doesn't directly indicate that many investors see Bitcoin as a store of value, it does indicate that there was a volume flow to Bitcoin and cryptocurrencies during the war period and that if the cryptocurrency markets develop further, many people, investors and companies will switch to Bitcoin. It states that it can be accepted as a store of value.
The thing is world economists set gold as a standard in the economic system which means that everything will be done in the world by comparing it to gold and whenever in the world any dispute or tragedy or disturbances occur in the trading system there is a slight move in the gold price like check the price of gold before Ukraine Russian war and then check it now you will find the difference and in my country, the price is so high as because of inflation in our country. According to my own understanding, the war does not affect the price of bitcoin because bitcoin is a decentralized system that has no relation to these wars, etc so maybe this is the reason for it but I am not sure may be it totally wrong.
Wars have no direct impact on BTC, but indirectly, they do. Because, when war comes, many people start to find a way to save their funds in a form that could be long-lasting, so many invest in gold, as gold is a good and old way to store the value of money you have. And now BTC is also on the list, which means those who are aware of BTC and know the potential it has.Those might consider buying BTC instead of gold; in this way, the demand for BTC will increase and supply is already limited, so the price will rise automatically. I hope now you understand how wars affect the price of BTC.
And I really liked your point that gold will be used everywhere even if there is unlimited supply, and we all know that China is the biggest buyer or lover of gold. Then they can buy all the gold if they have enough funds. Other than this, the price of BTC increased, but not because of the war but due to the fake news of ETF approvals.
I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks.
Bitcoin doesn’t instantly react to the big events sometimes. Gold only moved 3% or something anyway it is not a big deal. The conflict between Israel and Palestine is still a local one so gold&btc don’t really have a reason to go up yet. If more countries join the war then we will definitely see some big action on btc&gold prices.
Some investors indeed don’t trust bitcoin as a store of value indeed and it is only natural because there are also some investors that don’t trust gold too… Believe it or not there are many big whales who hold zero gold because they see it no more than a shiny rock. Different people have different opinions.
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