When will BTC surpass Gold in price?

NUFCrichard

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Quote from: LittleBitFunny on February 21, 2017, 11:27:21 AM

I don't think it's that relevant if Bitcoin surpasses gold in price because that won't make everyone suddenly think Bitcoin is a better stable asset to hold. What's relevant is whether the market cap of Bitcoin surpasses the value of all gold in circulation, which will take a long time if it ever happens - and it's hard to say when Bitcoin's value objectively passes that of gold because while Bitcoin is a specific unit, gold is different as it could be a coin, a certain weight etc with different numbers of carats as well.

It's also about how volatile Bitcoin and gold prices are and spreading awareness about the benefits of Bitcoin as a non-physical asset. People often invest in gold for stability when their currency is unstable, and those people need to be convinced that Bitcoin won't just disappear because they're not quite used to the idea of something which doesn't physically exist. They also need to be informed about the benefits of being able to exchange it with any currency anywhere in the world as long as you have access to the Internet - you don't have to put the work into taking gold anywhere.

Quite the opposite! I am planning to swap some bitcoins for gold ounces if/when we reach parity!
We have bounced off the price of gold twice now, I think we might break though this time

Picking the time to buy will be the issue then. I would like a few ounces, but don't want to buy before a rise, or fail to buy before a fall! 1st world problems eh!

LittleBitFunny

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I don't think it's that relevant if Bitcoin surpasses gold in price because that won't make everyone suddenly think Bitcoin is a better stable asset to hold. What's relevant is whether the market cap of Bitcoin surpasses the value of all gold in circulation, which will take a long time if it ever happens - and it's hard to say when Bitcoin's value objectively passes that of gold because while Bitcoin is a specific unit, gold is different as it could be a coin, a certain weight etc with different numbers of carats as well.

It's also about how volatile Bitcoin and gold prices are and spreading awareness about the benefits of Bitcoin as a non-physical asset. People often invest in gold for stability when their currency is unstable, and those people need to be convinced that Bitcoin won't just disappear because they're not quite used to the idea of something which doesn't physically exist. They also need to be informed about the benefits of being able to exchange it with any currency anywhere in the world as long as you have access to the Internet - you don't have to put the work into taking gold anywhere.

talikila

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Quote from: manselr on February 21, 2017, 11:10:58 AM

Quote from: sukamasoto on February 17, 2017, 10:47:18 AM

IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !

Lol in 2019 we will be at around $2,000++, we are just weeks away from reaching gold parity then to surpass it. Gold will keep stagnating as the useless piece of shit it is and bitcoin will keep growing by cold hard facts such as it being more useful than any other method to store and money wealth outside of the government control machine.

I believe that it will surpass gold price in March, 2017. it's about 1,250$ or 1,280$ I think.

manselr

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Quote from: sukamasoto on February 17, 2017, 10:47:18 AM

IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !

Lol in 2019 we will be at around $2,000++, we are just weeks away from reaching gold parity then to surpass it. Gold will keep stagnating as the useless piece of shit it is and bitcoin will keep growing by cold hard facts such as it being more useful than any other method to store and money wealth outside of the government control machine.

whizter

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Quote from: sukamasoto on February 17, 2017, 10:47:18 AM

IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !

yes i am also hopping so that in future the price of bitcoin will increase more and more because more and more people are entering in the world of bitcoin.

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Quote from: virusasog on February 19, 2017, 12:36:56 PM

When we see with gold we already surpassed the gold value, if we compare the value of bitcoin with each gram of gold.

Is that a right comparison ? I do not think so.
Only because of denoting bitcoin as a digital gold, people are considering gold prices to compare with bitcoins still world wide gold has different volume based standards. Some countries are following ounce and some others are following 10gram and 8gram measurement also in practice in some countries.

virusasog

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Quote from: sukamasoto on February 17, 2017, 10:47:18 AM

IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !

Yeah everyday we are seeing any site or businesses are adopting bitcoin. Investing in the sense, I do not agree any of the normal ideas to earning such as lending, trading or gambling. These won't provide big profit. When we see with gold we already surpassed the gold value, if we compare the value of bitcoin with each gram of gold.

Przemax

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One bitcoin is just an arbitrary and meaningless division of btc currency. And if you want to compare one two the other you would have to compare the total market cap which is hundreds if not thousands less for btc. So you will have to wait a lot since they will come close to eachother.

There are problems in counting up the gold market cap since there are so many virtual gold IOU, that makes catching up of bitcoin market cap to gold even harder to achieve.

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Quote from: aardvark15 on February 11, 2017, 06:46:01 PM

It's hard to say because people could shift to gold for some of the same reasons that they would shift to Bitcoin (from stock, bonds, etc.). I think Bitcoin does have more potential to increase more just because there is a limited supply. It could take a few years though.

bitcoin has a great opportunity in terms of price. although the price is not stable, but the rise in the price of bitcoin so fast, and it makes me think that someday, bitcoin will have a higher price than gold, and even able to exceed gold in any case.

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IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !

Mr.grin

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it will be a great day of bitcoin. make a lot of gold investors turn to bitcoin, and of course it would also make the price even higher. when that happens, the user may bitcoin, will sell part they have. The price would be very high.

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Quote from: hollandvan on February 17, 2017, 12:45:29 AM

Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.

Taking a look at the chart, it's clear that how much difference bitcoin and gold have. I have already mentioned this, but comparing bitcoin to gold is not a good idea. When was the last time gold took a $100 jump? Probably years ago(maybe never, too lazy to check) But we know that bitcoin did it just last month and its not uncommon for bitcoin to do that. Secondly, Gold's price graph is almost a straight like, while Bitcoin's graph is an exponential graph. But still if you want an estimate as of when BTC will surpass gold, then it wouldn't be more than few months but the question is will it stay that way?

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Quote from: naidray on February 13, 2017, 08:01:23 AM

BY what means, we are comparing 1 ounce gold prices with 1 bitcoin prices ?

This must be a valid point we need to consider and unfortunately both got struck around $1000 price levels which makes people compare them in more preciously bitcoiners are considering gold as a competitor in value race. Nothing would be wrong here imho, we can expect another competitor around $10k levels when bitcoin will be trading there.

Quote from: HabBear on February 11, 2017, 04:52:34 PM

As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021.

If I remember right, in late 2013 itself, gold prices were beaten by bitcoin. But did not hold. The current sustaining prices may land bitcoins into $1500 levels hence we can expect gold prices will get out numbered.

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Quote from: hollandvan on February 17, 2017, 12:45:29 AM

Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.

i think in this situation, we can see that bitcoin is surpass gold in price in short time because bitcoin price have up trend from time to time and although there is a down trend but the price is always rise again to back the high price. so we should wait for a moment until the price is really surpass the gold price and bitcoin will increase to for the price.

hollandvan

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Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.

gandame

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I must agree of those everybody said in this thread and that made a good point with bitcoin digital currency has more advantages compared to gold and it is really fast growing, which people prefers to have an investments like holding it. This will surpass the price of gold even though it is a history that creates popularity by means of jewelry demand from the past years, and bitcoin will surely be adopted and earned by the modern day society who has passion for profitable income.

Rahar02

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Quote from: pangdmay on February 15, 2017, 10:28:04 PM

Quote from: ImHash on February 14, 2017, 07:23:42 AM

I'll make it simple for you can you buy more gold with spending the gold that you already have?
Can anyone give 10 grams of gold to someone else and then receives 20 grams after a few weeks?

You can spend money on mining bitcoin and then have more money later, show me anything similar and I'll jump on it.

Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society.

I think imhash has a point which bitcoin is better option than gold as how fast bitcoin growing compare to gold.
Bitcoin will surpass gold in price of course, and maybe surpass gold in term of market cap $7 trillion? But in decades to chase as gold has been around for centuries.

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Quote from: HabBear on February 11, 2017, 04:52:34 PM

As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021.

Any of you want to speculate on when bitcoin will surpass the price as gold?

Commodity prices for reference: http://finance.yahoo.com/commodities

With each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency.

It depends on what unit you use for both things.Why you take 1 ounce of gold equal to 1 btc? You can compare 1 kg gold to 1 btc or 1 ounce to 1 btc.Since one is tangible thing and other is not,their unit of measurement are different hence they cant be compared

CyberKuro

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Quote from: HabBear on February 11, 2017, 04:52:34 PM

As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021.

Any of you want to speculate on when bitcoin will surpass the price as gold?

Commodity prices for reference: http://finance.yahoo.com/commodities

With each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency.

Gold price per ounce is $1239 and bitcoin price seems start to rise again at $1035/BTC1.
Bitcoin may surpass gold price in the next month if I guess as long as there's no any issue appear to the surface again, mostly because government regulations such as happened in the last time in China. I think, we still on grow phase and many people consider bitcoin as investment than currency, but if we have more adopters and more merchants accept bitcoin transaction, bitcoin can spend easily as fiat money.

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Quote from: virusasog on February 16, 2017, 01:04:17 AM

Quote from: pangdmay on February 15, 2017, 10:28:04 PM

Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society.

If you gold price chart with bitcoin chart or if you compare with carat. In all the aspects bitcoin is better then gold. Even i saw that gold price fluctuating from past 3 months. As today it dipped around 3$ for 24carat gold in world market.

On this log chart gold is the yellow line along the top. I think a good chance we surpass gold this year

Topic: When will BTC surpass Gold in price? (Read 2131 times)