At the current moment I don't think this is very likely.
On the contrary Bitcoin price is in upward trend, although that doesn't have to be permanent.
However, if Bitcoins price starts to fall again this will not reflect on gold price because there is no direct connection between Bitcoin and gold.
Besides investors in gold and Bitcoin are totaly different types.
Topic: Will Bitcoin fall bellow 3000$ and Gold price will increase? - page 2. (Read 902 times)
The sudden eye to Gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?
There are definitely signs that precious metals are seeing increased demand during these times of uncertainty. When the Royal Canadian Mint shut down a couple days ago, they said demand for silver coins jumped 300% month over month. https://www.kitco.com/news/2020-03-20/Physical-gold-squeezed-further-Royal-Canadian-Mint-shuts-down-production-for-two-weeks.html
There is a big shortage of physical gold on the market due to producers shutting down: https://www.reuters.com/article/precious-refining-argor/update-1-three-swiss-gold-refineries-suspend-production-due-to-virus-threat-idUSL8N2BG3ZJ
COMEX can't fulfill immediate delivery requirements. With spot supply dried up, there is a premium developing over futures. I have a strong suspicion this is a temporary condition caused mainly by production shutdowns, but Zero Hedge and gold bugs think this is the straw that breaks the camel's back. They think paper gold markets could collapse: https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems
Gold, guns, and bullets.......the original insurance policy in times of uncertainty!
It's not surprising to see gun stores selling out of stock either: https://fox17.com/news/local/sold-out-surge-demand-for-firearms-and-ammunition-creates-national-shortage
The sudden eye to Gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?
Neither bitcoin nor gold will increase during this global epidemic because people are panic to sell off and choose cash in order to buy daily necessities and groceries.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.
The market agrees with you, at least in the short term. Virtually everything is falling against the USD, including other fiat currencies.
At the same time, the market recoveries in BTC and gold have been much stronger than stocks. Bitcoiners and goldbugs have begun theorizing about a "decoupling" from equities and other tumultuous global markets.
Novogratz is bullish on both:
Quote
Gold is almost back to it highs. I believe it’s going much higher. Let’s go $BTC. Get on your horse and ride. Same thesis.
What a time to be alive.
at a time like this gold is very profitable because all stock prices are down, and only gold can survive, and Bitcoin should also put the same footprint, but this condition says different for bitcoin, which people say that bitcoin is digital gold now only becomes just a word, why? because the price of bitcoin is affected and a DUMP occurs, if indeed Bitcoin is digital gold or future gold Bitcoin shouldn't experience the Bearish market
Bitcoin is recovering well after a sudden dump. Which no other market can do. But I'm still not sure how much Bitcoin can go upwards. Where the global economy is in a bad state it is hard to predict anything. But Bitcoin and Gold both are gaining momentum.
Looks like bitcoin is solid, it is trying to beyond 7k and stay there, sure it had some drops again but it is at least on bull stage. Do not forget that whenever bitcoin tries to go up it will eventually achieve it unless something major happens, there is already something major going on right now and I doubt anything could be worse than corona right now, what will happen a huge asteroid hitting the world and destroying all life?
Because, that is literally the only thing left right now that could be shocking. Gold on the other hand will recover a little bit better, it is a lot more known by many people and it is even used for stuff, like gold rings for example, bitcoin is not a physical thing that you can use like that. It already started to recover a bit but not quite there yet, just like bitcoin, so I assume both will go up together.
Because, that is literally the only thing left right now that could be shocking. Gold on the other hand will recover a little bit better, it is a lot more known by many people and it is even used for stuff, like gold rings for example, bitcoin is not a physical thing that you can use like that. It already started to recover a bit but not quite there yet, just like bitcoin, so I assume both will go up together.
Neither bitcoin nor gold will increase during this global epidemic because people are panic to sell off and choose cash in order to buy daily necessities and groceries.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.
Bitcoin can go down below $3k, but I am not sure if the gold price will increase. People cannot use gold to buy something, but people need money to buy something, so if they cannot use fiat, they will search for the other way so they can buy as usual. But people who have gold can sell their gold to get money to buy something, and if that happens, I think that is not related to bitcoin price, but we don't know that. But yes, bitcoin can not be predicted, and it will be up and down every day.
It is generally accepted that when the economic crisis occurs and the prices of classic currencies fall, there is an increase in the price of gold - in other words, because of the decline in currency value, people get rid of money and buy gold, which is why its price increases. At the moment, the situation is more complicated.
I think the price of gold will start rising, but only when the further spread of the virus is stopped.
When it comes to cryptocurrencies, I think their price will fall until the situation is under control and the situation in the markets calms down.
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yes research help . when you research you will know if what is the status of the covid now .
for example china have said to recovered lately which means we can expect for a price hike just like that but when you see something negative then that could be a sign for an incoming dip . i dont think btc will fall and gold will increase but i think gold will drop and btc will increase because people are going for digital currencies because people are now avoiding offline transaction as much as possible .
With these conditions, of course there will be many who panic, especially corona virus will continue to grow every day so with the economic collapse and other stocks will make an impact on us, including one of its bitcoin.
Yeah bitcoin is now an idea as a digital transaction that is safe to use at this time because if it comes in direct contact then it will cause coronavirus to happen, but everyone is still wavering at a time like this so it's true your word is to do research first.
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Bitcoin can go down below $3k, but I am not sure if the gold price will increase. People cannot use gold to buy something, but people need money to buy something, so if they cannot use fiat, they will search for the other way so they can buy as usual. But people who have gold can sell their gold to get money to buy something, and if that happens, I think that is not related to bitcoin price, but we don't know that. But yes, bitcoin can not be predicted, and it will be up and down every day.
That huge crash was for the Covid19, but have you noticed that Bitcoin recovered within a very short time? Though price already started falling again and it's not just Bitcoin rather gold too! It's not about crypto and gold only, rather all the stocks market was falling down! Coronavirus is not going to end very soon, only China got relief, others 180 countries are being affected gradually and thousands of people dying every day! So, yes, we can see another dump, it has possibility but no one can ensure you! So, it's better to research hard and pick the best moment to in and out!
yes research help . when you research you will know if what is the status of the covid now .
for example china have said to recovered lately which means we can expect for a price hike just like that but when you see something negative then that could be a sign for an incoming dip . i dont think btc will fall and gold will increase but i think gold will drop and btc will increase because people are going for digital currencies because people are now avoiding offline transaction as much as possible .
That huge crash was for the Covid19, but have you noticed that Bitcoin recovered within a very short time? Though price already started falling again and it's not just Bitcoin rather gold too! It's not about crypto and gold only, rather all the stocks market was falling down! Coronavirus is not going to end very soon, only China got relief, others 180 countries are being affected gradually and thousands of people dying every day! So, yes, we can see another dump, it has possibility but no one can ensure you! So, it's better to research hard and pick the best moment to in and out!
People basically how long this will last and when we will get over this which is why we are such a volatile thing right now. We have no idea if we will find a cure this month or not, we don't know if this isolation thing will work and we basically assume everything will go bad for now because that is how it is looking.
Maybe tomorrow morning some scientists will say they found the cure and they will rapidly inject everyone the vaccine and we will have no more corona, that may literally start right now or may take a month, we don't know how long it will take, that is why nobody goes back into the market right now. But be sure, if we find a cure, the markets will suddenly go back up, that is how this will end, we will just find a cure and everything will go back to normal, both financially and in real life.
Maybe tomorrow morning some scientists will say they found the cure and they will rapidly inject everyone the vaccine and we will have no more corona, that may literally start right now or may take a month, we don't know how long it will take, that is why nobody goes back into the market right now. But be sure, if we find a cure, the markets will suddenly go back up, that is how this will end, we will just find a cure and everything will go back to normal, both financially and in real life.
My personal opinion is that we will see a market drain next week. I think that the price will drop below $ 3000. Against the backdrop of world news, all markets are collapsing, as well as the unstable situation with oil, a pandemic and other factors can drop the price at extremely low rates.
Many people expect growth before halving ... It even sounds ridiculous in today's realities.
Before halving, growth does not always occur, but after halving, a fall always occurs.
I think we will spend this year in + - bearish conditions.
Many people expect growth before halving ... It even sounds ridiculous in today's realities.
Before halving, growth does not always occur, but after halving, a fall always occurs.
I think we will spend this year in + - bearish conditions.
We are still in unstable market, anything can still happen but I'm glad with all that's happening in the market Bitcoin is still at $5000 mark, it's still we are better than when we are in the bear market, so far the Crypto market is very resilience, it's going to recover very fast once we see that the the world is improving in battling this epidemic.
yes usa testing now if it's work thinks will get better for everyone
We are still in unstable market, anything can still happen but I'm glad with all that's happening in the market Bitcoin is still at $5000 mark, it's still we are better than when we are in the bear market, so far the Crypto market is very resilience, it's going to recover very fast once we see that the the world is improving in battling this epidemic.
Today we are seeing huge dump in cryptocurrency that we have never seen Btc down by 27% and because of it other major crypto currency falling. This might be affected by a coronavirus and get worse in a few days. what do you think Bitcoin next stage is it below 3000$ or it will recover from today's fall?
Other threads saying that it drops into $3,880 and you will say for $3k. This all been in market speculation and I understand that we've been doing this for a long time but ain't say that this all be done. Yes, we can't escape from any possibility but we shouldn't have also to think negatively about this. Though it looks like not a normal scenario and a little bit worrying but not could stop crypto at all. Definitely, it recovers sooner.Also, do you think the Gold price will rise significantly now?
Note " Maybe you all know that people are buying Gold and selling their assets in China so maybe others also doing the same"
Sorry, but I was not thinking that people are now buying Gold because of China's demand. Maybe people are buying gold for their own but not to sell this time. Note " Maybe you all know that people are buying Gold and selling their assets in China so maybe others also doing the same"
Has anyone ever thought if the price of Bitcoin falls below $3000 then bitcoin will be stuck because there are no more people mining because mining tools are no longer profitable?
That is a bit of my view, even though some say that people who do mining will not stop. Then I will ask whether the person who is mining will continue to run his mining tools at a loss? Certainly not.
IMO, this is only part of the momentary panic, where market participants make it in such a way as to collect Bitcoin. remember halving also had a few more weeks left. I am still confident that the price of bitcoin will soon recover, seeing TF 1D, the RSI indicator is at its lowest.
That is a bit of my view, even though some say that people who do mining will not stop. Then I will ask whether the person who is mining will continue to run his mining tools at a loss? Certainly not.
IMO, this is only part of the momentary panic, where market participants make it in such a way as to collect Bitcoin. remember halving also had a few more weeks left. I am still confident that the price of bitcoin will soon recover, seeing TF 1D, the RSI indicator is at its lowest.
This is really a disappointing moment for the … we did not ready for that. If this situation only for the corona virus. Then we mind it that this starts only. There are more things left to happen. We can see more and more dumps in the future.
Before dumping to 3000$ BTC needs to cross 4200$ and 3800$ support level. And BTC is holding now 4800$ support level. So if BTC can hold this support level and can cross the 5200$ Resistance then we can see 6000$. But in this situation, it is very hard.
Before dumping to 3000$ BTC needs to cross 4200$ and 3800$ support level. And BTC is holding now 4800$ support level. So if BTC can hold this support level and can cross the 5200$ Resistance then we can see 6000$. But in this situation, it is very hard.
It's really hard to hold on during these situations especially for low and mid level users, I don't usually panic sell but when the value has dropped by almost half of what it was before few weeks then it's a sign to worry and it does concern me as well. But looking at current trend I am sure we might see further dumps and looking at global economical slowdown due to corona it might go either way. We need to convert our assests into stable coins for time being until we see some momentum in the market.
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