Will BTC overtake gold this month ? - page 5.

bitjoin

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Quote from: artows21 on February 24, 2017, 01:01:38 PM

I think bitcoin will overtake later the gold but not today for sure.
Today 1139$ the BTC and 1242 the gold.
But of course when you see that bitcoin goes up really fast, he will overtake the gold who doesn't go up.

The measurements are all off, if we go by mBTC then bitcoin is not close to gold in anyway. The only number we can judge stuff by = market cap. Media will compare BTC and gold price though.

vnvizow

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Quote from: Xester on February 27, 2017, 08:35:51 AM

Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

I thinks bitcoin cannot overtake gold this february of 2017. But it will be different picture by march. As you notice there is only a small gap between the price of gold and bitcoin and by next month it is very clear that bitcoin will overtake gold. But gold will also increase in value I guess but it cannot match the speed of bitcoin when we talk about price increase.

There's still some contractionary pressure being applied by some entities selling lower than priced. Plus the high mining fees limiting some spendings I think it'll probably take more than a month

Xester

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Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

I thinks bitcoin cannot overtake gold this february of 2017. But it will be different picture by march. As you notice there is only a small gap between the price of gold and bitcoin and by next month it is very clear that bitcoin will overtake gold. But gold will also increase in value I guess but it cannot match the speed of bitcoin when we talk about price increase.

Oilacris

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I think bitcoins price wont make it on this month of Feb since tommorow would be the last day of the month but yet it is possible to reach that amount on next month if the price would rise gradually without any news or events that would block on the way and one event i am eyeing too is on march 11.

naughty1

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Bitcoin is developing pages, so I believe it will surpass gold. we can easily see that through its previous gains. This is great for those who keep themselves large amounts of Bitcoin. however, I am concerned, if people simultaneously sell Bitcoin, it will be quickly discounted. the market may be disorders, and this is also one of today's top concerns

KennyR

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Quote from: Patatas on February 24, 2017, 01:30:52 PM

Quote from: Bitcoinsummoner on February 24, 2017, 01:27:27 PM

Gold is not stuck or staying in the same price yearly you can see the price is increasing but a very small interest yearly..

Yeah and so it does qualify for one of the safest investments.People don't need to take their chances before investing money in Gold for two reasons.
->Physical Asset
->Limited Resources

Quote from: Bitcoinsummoner on February 24, 2017, 01:27:27 PM

Unlike bitcoin that you can seen daily the price is changing and the price will nearly $1200 and hope that the price can be increase more soon..

Yes and so it does have risks.You don't know what's coming tomorrow.It can make your rich or go broke in the fraction of hours.

Bitcoin might grow high in price, but it won't easily gain the trust similar to gold. Gold as a commodity has got the digital form too, which gives the users the access to invest in the digital form. Now users have started mentioning bitcoin as gold version 2.0, which on increase of adoption the capital volume too increases. As of now the capital of gold is comparatively very low.

Calangaman

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Thank you all for your comments!

The overall feeling is very positive.

Bitcoin won't overtake gold this month but it is very well positioned to do so in March !

Cheesy

doomloop

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Quote from: MoneyIsDebt on February 24, 2017, 01:15:13 PM

Quote from: artows21 on February 24, 2017, 01:01:38 PM

I think will overtake later the gold but not today for sure.
Today 1139$ the BTC and 1242 the gold.
But of course when you see that goes up really fast, he will overtake the gold who doesn't go up.

i think the price of gold is stuck to a common price but the price of bitcoin is just keep on increasing day by day and i hope the time comes when it will overtake gold to a extreme level.

yeah bitcoin bitcoin price is really increasing too much faster day by day and i think it will be overtake the gold in this week because bitcoin price move up faster and more people buying bitcoin for the future its price will be more increasing.

Patatas

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Quote from: Bitcoinsummoner on February 24, 2017, 01:27:27 PM

Gold is not stuck or staying in the same price yearly you can see the price is increasing but a very small interest yearly..

Yeah and so it does qualify for one of the safest investments.People don't need to take their chances before investing money in Gold for two reasons.
->Physical Asset
->Limited Resources

Quote from: Bitcoinsummoner on February 24, 2017, 01:27:27 PM

Unlike bitcoin that you can seen daily the price is changing and the price will nearly $1200 and hope that the price can be increase more soon..

Yes and so it does have risks.You don't know what's coming tomorrow.It can make your rich or go broke in the fraction of hours.

Bitcoinsummoner

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Quote from: MoneyIsDebt on February 24, 2017, 01:15:13 PM

Quote from: artows21 on February 24, 2017, 01:01:38 PM

I think will overtake later the gold but not today for sure.
Today 1139$ the BTC and 1242 the gold.
But of course when you see that goes up really fast, he will overtake the gold who doesn't go up.

i think the price of gold is stuck to a common price but the price of bitcoin is just keep on increasing day by day and i hope the time comes when it will overtake gold to a extreme level.

Gold is not stuck or staying in the same price yearly you can see the price is increasing but a very small interest yearly..
Unlike bitcoin that you can seen daily the price is changing and the price will nearly $1200 and hope that the price can be increase more soon..

MoneyIsDebt

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Quote from: artows21 on February 24, 2017, 01:01:38 PM

I think will overtake later the gold but not today for sure.
Today 1139$ the BTC and 1242 the gold.
But of course when you see that goes up really fast, he will overtake the gold who doesn't go up.

i think the price of gold is stuck to a common price but the price of bitcoin is just keep on increasing day by day and i hope the time comes when it will overtake gold to a extreme level.

ged00u

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Quote from: zahra4577 on February 24, 2017, 12:13:07 PM

Btc will not only surpass gold this month but by the end of this year it will be almost 10x of gold price irrespective of SEC approval or not.

That is ridiculous. Although I believe in Bitcoin, I never expect Bitcoin's price can be higher than 10x of gold. Bitcoin is not used by many people and most of them use Bitcoin for earning purposes. Therefore, traders and investors will sell Bitcoin when they find out that they have obtained a good amount of money. And then, the prices will drop significantly.

artows21

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I think bitcoin will overtake later the gold but not today for sure.
Today 1139$ the BTC and 1242 the gold.
But of course when you see that bitcoin goes up really fast, he will overtake the gold who doesn't go up.

CoinFoxs

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Well no one knows what will happen with bitcoin in future, may be it's price will drop because we saw twice that bitcoin reaches 1100$ and then dropped to 700$ almost. So no one exactly tell you about what will happen with bitcoin in next coming days but by looking on the current situation we will say that price will increase in future.

zahra4577

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Btc will not only surpass gold this month but by the end of this year it will be almost 10x of gold price irrespective of SEC approval or not.

Coinster

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Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

I think Bitcoin will definitely overtake gold, but I'm not sure when it will happen. Gold is looking pretty strong too. However, the market for Bitcoin compared to gold is tiny, meaning it's much easier to move it. There is also a lot of news surrounding Bitcoin (like the possible ETF around March) which also is bullish. For gold it takes much more significant news to move it, so the gains come more suddenly. It's probably a good idea diversify to own both!

Qunenin

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Quote from: chaser15 on February 23, 2017, 10:27:21 AM

Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

Just look at the expected possible outputs for a long term and you will see that it's possible.

Bitcoin price once reached $200+ after ATH and now back again at above $1,000. Situation back then is totally different from situation of today why the price rose to above $1,000. Now looking at how it well performed, possibility of overtaking gold price is possible even as we speak. Just keep in mind that "possible" doesn't mean a 100% success rate so the answer is "maybe".

Like I mentioned, eye for the long term and that will happen.

In long term, it will surely happen. But just see the current rise in bitcoin prices for the last 4 months. We have been seeing a massive increase in bitcoin prices. Only few times it has dumped but that dump is not for long and it again rises. This shows the bitcoin is not stabliizing to 1000$ + and not forget about prices likes 200$ , 300$ etc

DoublerHunter

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Bitcoin can overtake gold not only for this month but it can also overtake for long run because we knew that bitcoin is called as a gold 2.0 version and it already proves that it is true and it is faster than gold in terms of volatility on its price. Current prices says and proves it all.

YuginKadoya

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Quote from: BitcoinPC on February 24, 2017, 07:32:34 AM

Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

It will be possible, if bitcoin continuously rise. Because within month i am surprised to see the bitcoin's price going to up and up in everyday. So i could easily predict that in the coming month bitcoin will be rise at $1200 to $1500. But for me, bitcoin is always better than gold.

It is completely Outstanding how bitcoin managed to go up like this and it is my first time seeing that it is still goes up every single hours that I am observing it, well I could think it will never stop when February ends cause there are speculation that it will go down the time it reaches the limit of the month of march.

BitcoinPC

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Quote from: Calangaman on February 23, 2017, 07:50:56 AM

As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

It will be possible, if bitcoin continuously rise. Because within month i am surprised to see the bitcoin's price going to up and up in everyday. So i could easily predict that in the coming month bitcoin will be rise at $1200 to $1500. But for me, bitcoin is always better than gold.

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