When will BTC surpass Gold in price? - page 2.

virusasog

sr. member

Activity: 462

Merit: 250

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.

pangdmay

full member

Activity: 193

Merit: 100

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.

ImHash

hero member

Activity: 924

Merit: 506

Spain looted central and south america for centuries because of their gold and US got the gold from Spain by sending the pirates to steal them.
Now you can sit in your house and have access to gold without waging wars and killing people, yes you can mine bitcoin then sell for gold or first for fiat and then buy gold, you could even give cows and eggs to trade with gold if that counts

now can you tell me how much gold can you buy with 1BTC? then calculate how much did it cost you to mine that 1 coin. did you get my point? if bitcoin price is $1000 and you just mined 1 bitcoin by spending $700, and if you can buy 10 grams of gold with $1000 could you go and mine 3 grams by spending 7 grams of that gold?

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.

Harry Callahan

sr. member

Activity: 350

Merit: 250

Quote from: Idrisu on February 14, 2017, 02:35:22 AM

Comparing bitcoin and gold is as comparing dollar and gold. Bitcoin is is a crypto currencies were as gold is physical commodity. In terms of value I think bitcoin several times has surpass the price of gold and when bitcoin got to the level gold is today in terms of age then expect it price to be millions ahead of gold. We should know now that bitcoin is the new brides of investors.

I agree with the fact that bitcoin being a new entrant it still needs time for people to start investing heavily into it .The valuation of bitcoin will surpass gold in a matter of time and the main attraction is because of the limited supply,the price could triple from the current evaluation .

Idrisu

sr. member

Activity: 924

Merit: 260

Comparing bitcoin and gold is as comparing dollar and gold. Bitcoin is is a crypto currencies were as gold is physical commodity. In terms of value I think bitcoin several times has surpass the price of gold and when bitcoin got to the level gold is today in terms of age then expect it price to be millions ahead of gold. We should know now that bitcoin is the new brides of investors.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Gold is a physical valuable object while bitcoin isn't judged on it's value in this way.
So I don't see how they can be compared in this way. Embarrassed

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Bitcoin might surpass golds value but regarding volume i could say bitcoin wont stand a chance in my own opinion. Gold price is somehow stable as of these days which we could able to see that its also a good investment it may fluctuate but a very very small amount unlike bitcoins price movement.

naidray

legendary

Activity: 1232

Merit: 1029

BY what means, we are comparing 1 ounce gold prices with 1 bitcoin prices ?
It is just a physiological comparison as we are referring bitcoin as gold 2.0 or digital gold. There would be no logical relevance between these two.

Bitcoin is being predicted to have more demand in near future whereas bitcoin demand may remain same. Hence bitcoin will be having prices in millions but hardly in next 5 years gold may reach $1500 or $2000 levels.

Vaccinus

sr. member

Activity: 406

Merit: 250

bitcoin has surpassed gold in the past and the last pump wasn't $1160 or more? they had almost the same price but their marketcap is very different gold is a monther there bitcoin still too small, i would look at that more

Quote from: cakravothy on February 12, 2017, 02:04:44 PM

gold price incraese constant although onlye few incraese price
bitcoin very high incraese but fluctuative price sometime down price is crash, if nothing crash bitcoin price can easy above to gold price , but is imposible bitcoin not down price always incraese

gold price do not increase costantly, it was below 1000 not long time ago and it has recovered to above $1000 after few months, now it's stagnant

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Leonard2016 on February 13, 2017, 03:51:54 AM

if people start finding out about bitcoin more, and if the FUD stops spreading by idiots who spam everywhere, then bitcoin price can easily go much higher, surpassing Gold price.

and soo nwe will be talking about when price of bitcoin surpasses price of 1 ton of Gold not an ounce!

FUD will only stopped getting spread when participants in the market would learn to ignore that.
But in the history of trading and investing this never happened.There will always be people believing even the dumbest shit.
Therefore FUD will exist forever and be used to influence the market.

Leonard2016

hero member

Activity: 1036

Merit: 520

if people start finding out about bitcoin more, and if the FUD stops spreading by idiots who spam everywhere, then bitcoin price can easily go much higher, surpassing Gold price.

and soo nwe will be talking about when price of bitcoin surpasses price of 1 ton of Gold not an ounce!

icecube45

legendary

Activity: 1218

Merit: 1000

Yes indeed now bitcoin have been considered because it has almost the same price as gold. It proved there are many people who previously use gold became interested in bitcoin. But it requires a fairly long time for bitcoin prices could surpass gold prices, even bitcoin prices could fall at any time so it is not permanent. Need a little more development so that it can happen, and I'm sure one day bitcoin will be better than gold. And I agree with you that bitcoin is more suitable for investment in the future.

cakravothy

hero member

Activity: 868

Merit: 501

Chainjoes.com

gold price incraese constant although onlye few incraese price
bitcoin very high incraese but fluctuative price sometime down price is crash, if nothing crash bitcoin price can easy above to gold price , but is imposible bitcoin not down price always incraese

Juggy777

hero member

Activity: 2646

Merit: 686

I feel it shall outdate gold very soon not only in price comparison but also as a saving tool. People prefer gold cause it's gives you a good return and good price but I feel over the years it's to stagnant. Look at Bitcoin it goes up and comes down. Gives you a chance to get in and make some money. I would and I actually dp suggest people to get into Bitcoins. As a financial planner I have asked my clients to move 5-10% of their corpus in Bitcoins and they are loving it. Gold for me is a thing of the past, no point now investing in it.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: RoommateAgreement on February 11, 2017, 11:15:33 PM

it really doesn't matter much if bitcoin price and gold come to parity or whatever. it is just a number.

the important thing about price of bitcoin is how it is changing, and so far bitcoin has been rising and being profitable but gold has not been even remotely profitable as bitcoin. and there will be no way gold can be as profitable.

Though these were just numbers, it has values. Gold has got a increased price compared to bitcoin based on the quote from Op. The profit earned with bitcoin is higher than gold, because gold has a stable price which gives a guaranteed profit after a long term but with bitcoin the same can be earned even in a weeks time as the price variation happens often.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

it really doesn't matter much if bitcoin price and gold come to parity or whatever. it is just a number.

the important thing about price of bitcoin is how it is changing, and so far bitcoin has been rising and being profitable but gold has not been even remotely profitable as bitcoin. and there will be no way gold can be as profitable.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: SvenBomvolen on February 11, 2017, 07:39:53 PM

The price for gold is growing much slower than for bitcoin's price> so bitcoin will cross gold's price very soon, maybe this or second month already. Bitcoin and gold have many things in common and i think that the high price is going to be something common as well.

I agree with you . development and bitcoin price movements much faster than gold. gold and bitcoin can be used as a profitable investment. but for me to invest with bitcoin is much more profitable than investing in gold. we have to look at in terms of where to compare a gold and also one Bitcoin. Huh

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Dont expect this to happend before the end of the year. By now theres a lot of water going under the bridge, the Chineses are playing with that big issue of not being able to withdraw bitcoins. After that thing is solved, then maybe we can surpass the gold price if the global media helps with a lot of news of bitcoin hitting it ATH.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Nobody knows. Bitcoin's price doesn't grow linearly (those people talking about only 700-800 at the end of 2016 were very wrong because of that!), and neither does gold's. My best guess is it'll take four or five years for it to finally surpass gold, but in reality bitcoin could surpass it tomorrow, even though the odds of that happening are low.

SvenBomvolen

hero member

Activity: 588

Merit: 500

The price for gold is growing much slower than for bitcoin's price> so bitcoin will cross gold's price very soon, maybe this or second month already. Bitcoin and gold have many things in common and i think that the high price is going to be something common as well.

Topic: When will BTC surpass Gold in price? - page 2. (Read 2131 times)