Will BTC overtake gold this month ? - page 7.

YuginKadoya

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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 !

As of now Bitcoin price is $1152.97 and I assume it will continue until February will end, but I think Bitcoin and Precious Metals like gold has a Symbiotic Relationship there is an article that I have red about that Different people have different views about the relationship between gold and bitcoin. Yet, there seems to be some common ground. and Mr. Hoffman see that both are fighting against the fiat regime in different ways and believes bitcoin is more speculative and risky than gold.

So I think that even if Bitcoin would overtakes on gold it will still be the same and bitcoin would still be bitcoin and gold will still be gold.

Tyrantt

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I don't expect btc to overtake gold in this month, since we know that in the last few months the bitcoin price has been going in the range of 800-1100 USD (1,147USD on preev.com atm) and there's nothing to push it over that line, Imo the second half of march bitcoin will overtake gold and that would be for a significant amount.

Also ETF has to be decided on until March 11, and that's one more thing that makes me think it will be in March.

KuromaYoichi

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I don't know about this month, but maybe next month with the news of ETF possibly getting approved March on 11th. If so then bitcoin price will be higher than gold since there will be a fresh new funds coming in and the demand will be higher.

soul-impact

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Quote from: wisqo on February 23, 2017, 08:40:00 AM

This month? Maybe, Maybe not. I would expect that to be the case within six months, though.

I do agree so. Bitcoin can not increase anymore since investors can sell their Bitcoin anytime and cause the another panic selling which affects the prices of bitcoin. As you can see, exchanges in China have locked most of the investors' accounts and do not let them withdraw the money. Therefore, after unlocking, I believe that there will be thousands of Chinese selling a lot of Bitcoin

btcdevil

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Quote from: bitbunnny on February 23, 2017, 08:41:05 AM

Could happen, it wouldn't be surprise and I think it has already happen before. Bitcoin price is climbing up and the current difference in price is not too big. Maybe it will not overtake it already in March and some minor price corrections are also possible for Bitcoin but within the month or two Bitcoin will become the new gold.

Right now their wont be major correction in bitcoin price until we dont get any detail about bitcoin getting added in ETF or not because this hike is the reason behind suggestion of adding bitcoin to ETF if it gets confirmed then we can see 50% hike of rate immediately if not opp can happen like 50% correction in price.

As the rate of Bitcoin is rising same time Gold price is also rising, so it will take some time to take over gold price in the market

bitbunnny

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Could happen, it wouldn't be surprise and I think it has already happen before. Bitcoin price is climbing up and the current difference in price is not too big. Maybe it will not overtake it already in March and some minor price corrections are also possible for Bitcoin but within the month or two Bitcoin will become the new gold.

wisqo

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This month? Maybe, Maybe not. I would expect that to be the case within 6 months though.

bitcampaign

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we will find new users for bitcoin users in the future, at least the increased demand will drive the price of bitcoin could exceed $ 10k in 1 or 2 years ahead

hajimasan

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already bitcoin had overtaken gold long back 10 months or so I think and now we have digital gold that is bitcoin and if we could stick to the technology then definitely within few years we will become the nest millionaire because its digital gold and its demand will make its price go up.

bravehearth0319

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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 !

As of the the moment, we still don't know what will happen in the next day, next week or next month. But As you can see for what is happening now there is a fast improving of the price value of bitcoin. Now its more than 1100$ almost the value of Bitcoin now, So I think it can be and possible to achieve.

requester

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already in a short time it had jumped from bout $700 to $1000 and there is almost no change of further hike in its value because $300 is not a small increment. Hope so within 6 more months we will have more hike in its value.

yellow1

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Possible. Because the price of bitcoin has increasing last couple of weeks because a lot of speculation regarding SEC decision on Bitcoin ETF. We are hoping that it will be approved so that we can see a good price on bitcoin up to the end of year, likely like in the 1500-2000 USD. But if not approved, then the price of gold should be higher than bitcoin I think.

Calangaman

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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 !

Topic: Will BTC overtake gold this month ? - page 7. (Read 5695 times)