Topic: When will BTC surpass Gold in price? - page 3. (Read 2131 times)
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.
Jimbo, thanks for sharing the other thread. I didn't know one existed.
It's really funny that people are bitching about the unit size of gold as a comparison. The Troy Oz is the most recognized unit of measure for gold as an investment. I suppose the alternative is grams? I'd love to find out what the argument against Oz is.
Locking thread.
It's really funny that people are bitching about the unit size of gold as a comparison. The Troy Oz is the most recognized unit of measure for gold as an investment. I suppose the alternative is grams? I'd love to find out what the argument against Oz is.
Locking thread.
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.
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.
There's already a thread dedicated to this.
https://bitcointalksearch.org/topic/gold-price-parity-watch-1776981
It's also been beaten to death in the Wall Observer. Be prepared to be flamed for arbitrarily choosing a troy ounce as the default gold unit.
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.
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.
Jump to: