by a bunch of miners. You also have a "release" over a long period, as miners mine the two commodities. The unit of measure to compare the
two, is not a big issue for most. I own gold & Bitcoin and I see the benefits of both.
Topic: Why Bitcoin Gold parity is meaningless - page 2. (Read 882 times)
People compare Bitcoin with Gold, because there are a lot of similar characteristics between the two commodities. Both are rare and it is mined
by a bunch of miners. You also have a "release" over a long period, as miners mine the two commodities. The unit of measure to compare the
two, is not a big issue for most. I own gold & Bitcoin and I see the benefits of both.
by a bunch of miners. You also have a "release" over a long period, as miners mine the two commodities. The unit of measure to compare the
two, is not a big issue for most. I own gold & Bitcoin and I see the benefits of both.
it is not not nothing 
bitcoin has been around only 8 years, and how long has Gold been around?
if you go out and tell any person in the street in any country of the world, old or young about gold they all know it.
but if you do that with bitcoin, you will be disappointed. but that is changing and more people know about bitcoin.
i say after this long reaching this parity is a decent achievement although it is not something to lose your head over.
and besides all these talks are great for bitcoin publicity.
bitcoin has been around only 8 years, and how long has Gold been around?
if you go out and tell any person in the street in any country of the world, old or young about gold they all know it.
but if you do that with bitcoin, you will be disappointed. but that is changing and more people know about bitcoin.
i say after this long reaching this parity is a decent achievement although it is not something to lose your head over.
and besides all these talks are great for bitcoin publicity.
Comparing Bitcoin to gold will not always work well in your behalf but both have the same value over dollar that is $1200 plus I think you need to focus on one commodity but if you want to risk it all you can always trade on both and I think trading wit both commodities are great and I am trading with spark profit and TQL if you know both that sites it is a great warm up if you are a newbie in trading.
New Fix on this calculations,
I do apologize for using the wrong minimun tradeable unit for gold. One person here post the correct unit, and is the (Grain). That is equal to (0.0648 gr)
so the calculation is this:
Real Values are:
0.00000001 BTC = 0.0000125 usd
1 grain Gold = 1.24 usd
The gold is still 99337,26 times greater.
Right now we are seeing a lot of news with Bitcoin pariry with gold. In my opinion this parity doesnt make any sens and im going to explain why.
First just to clarify im got no relations or hold any gold. for me is an impractical way to store money (for security reasons).....so the price of bitcoin is higher than gold, but the thing is that we are using the wrong units to measure this, the actual parity is 1 BTC versus 1 onz of gold, but this are not the real values, why:
1 BTC i qual to 1.00000000 BTC and the minimiun measurable and tradeable unit of The BTC will be 0.00000001 BTC, equals to (1250 usd, actual value of BTC) 0.0000125 usd.
1 onz of Gold is iqual to 28.35 gr so the minimiun measurable and tradeable unit of Gold will be 1 gr (1 gr Gold round) equals to (1201 usd ,actual value of Gold) 42.36 usd.
Real Values are:
0.00000001 BTC = 0.0000125 usd
1 gr Gold = 42.36 usd
Right now of course nobody trade 0.00000001 BTC but if look into the future and beleave that BTC is going to be part of the normal trade life like gold for example, we are forecasting that 1 BTC is going to be iqual to at least 4236.000.000 usd, and this big number is the result for 0.00000001 BTC when the BTC =1 gr of Gold.
We are seeing that the mainstream is using this units and the bitcoin mainstream comunity too. Do not fall in to this. This "Gold Support" is not real.
i apologize for my english.
This is my humble opinion...regards and good luck!
I do apologize for using the wrong minimun tradeable unit for gold. One person here post the correct unit, and is the (Grain). That is equal to (0.0648 gr)
so the calculation is this:
Real Values are:
0.00000001 BTC = 0.0000125 usd
1 grain Gold = 1.24 usd
The gold is still 99337,26 times greater.
Right now we are seeing a lot of news with Bitcoin pariry with gold. In my opinion this parity doesnt make any sens and im going to explain why.
First just to clarify im got no relations or hold any gold. for me is an impractical way to store money (for security reasons).....so the price of bitcoin is higher than gold, but the thing is that we are using the wrong units to measure this, the actual parity is 1 BTC versus 1 onz of gold, but this are not the real values, why:
1 BTC i qual to 1.00000000 BTC and the minimiun measurable and tradeable unit of The BTC will be 0.00000001 BTC, equals to (1250 usd, actual value of BTC) 0.0000125 usd.
1 onz of Gold is iqual to 28.35 gr so the minimiun measurable and tradeable unit of Gold will be 1 gr (1 gr Gold round) equals to (1201 usd ,actual value of Gold) 42.36 usd.
Real Values are:
0.00000001 BTC = 0.0000125 usd
1 gr Gold = 42.36 usd
Right now of course nobody trade 0.00000001 BTC but if look into the future and beleave that BTC is going to be part of the normal trade life like gold for example, we are forecasting that 1 BTC is going to be iqual to at least 4236.000.000 usd, and this big number is the result for 0.00000001 BTC when the BTC =1 gr of Gold.
We are seeing that the mainstream is using this units and the bitcoin mainstream comunity too. Do not fall in to this. This "Gold Support" is not real.
i apologize for my english.
This is my humble opinion...regards and good luck!
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