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Author Topic: BTC VS Gold  (Read 11182 times)

Offline BradSow

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BTC VS Gold
« on: December 11, 2020, 10:17:09 AM »
Banking giant JPMorgan said that Bitcoin is making quick inroads in mainstream finance at the cost of gold.

What do you think?

Read article: JPMorgan Says Bitcoin Will Slowly Eat Into Gold’s Market Share

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BTC VS Gold
« on: December 11, 2020, 10:17:09 AM »

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Re: BTC VS Gold
« Reply #1 on: December 11, 2020, 01:49:22 PM »
I think that thinking makes sense. Where people today think more modern and are completely instantaneous. They want something fast that's easy to access and that they can customize to their liking. So indeed Bitcoin is a solution rather than gold.

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Re: BTC VS Gold
« Reply #2 on: December 11, 2020, 02:55:18 PM »
I think Bitcoin will be seen in place of gold in the next few years.  Bitcoin will be valued more than gold. Because the popularity of Bitcoin and the price of Bitcoin is increasing day by day, it is expected that Bitcoin will be given more priority than gold.  Bitcoin has already exceeded $19,000.  There is no doubt that Bitcoin will exceed $50,000 in the next five years.
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Offline Crypto_Somrat

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Re: BTC VS Gold
« Reply #3 on: December 11, 2020, 04:11:50 PM »
Banking giant JPMorgan said that Bitcoin is making quick inroads in mainstream finance at the cost of gold.

What do you think?

Read article: JPMorgan Says Bitcoin Will Slowly Eat Into Gold’s Market Share

I agree with you. It would not be wrong to compare Bitcoin with gold. Because the value of bitcoin is almost equal to that of gold. From time immemorial, people have kept gold as their capital. Now many people prefer to save bitcoin instead of this gold. I think in the near future it will be introduced that people will save bitcoin as capital instead of gold.

Offline jakasantosa

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Re: BTC VS Gold
« Reply #4 on: December 11, 2020, 05:43:15 PM »
For now I also agree that Bitcoin has indeed established itself as an alternative asset. The difference is if gold has a stable selling value while bitcoin has a fluctuating selling value so that investors who want quick profit choose bitcoin even though the risk is also very large compared to investing in gold.
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Re: BTC VS Gold
« Reply #5 on: December 11, 2020, 05:53:50 PM »
Bitcoin has the advantage of price fluctuations compared to Gold, but Gold is still more secure than Bitcoin. So if we want to get big profits with big risks then Bitcoin can be an option, but if we want to be safe but also have the potential to benefit then choose Gold. I think Bitcoin and Gold have their own market share, they are not going to kill each other.  Because there are people selling Bitcoin to buy Gold, and there are people selling Gold to buy Bitcoin.

Offline Dociko

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Re: BTC VS Gold
« Reply #6 on: December 11, 2020, 06:30:07 PM »
Nowadays people all over the world believe in investing a lot more in gold. Bitcoin is very popular nowadays. It is possible to make a lot of profit by investing on Bitcoin. But it is not possible to make a lot of profit by investing in gold. So I think both gold and bitcoin are very valuable.

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Re: BTC VS Gold
« Reply #6 on: December 11, 2020, 06:30:07 PM »


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Re: BTC VS Gold
« Reply #7 on: December 11, 2020, 06:54:40 PM »
Not far from the truth, have you noticed that bitcoin and traditional market were so correlated to the extent that a move in Dow Jones and S&P were similar to Bitcoin.
That's because investors in traditional markets are also buying bitcoin, traders and institutional investors included.

Gold is a old assets that's valuable because of it's a precious metal that's so important in the community, it will keep growing but as times goes on, Bitcoin will become light to everyone financially.
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Offline The Legend

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Re: BTC VS Gold
« Reply #8 on: December 11, 2020, 08:14:59 PM »
Banking giant JPMorgan said that Bitcoin is making quick inroads in mainstream finance at the cost of gold.

What do you think?

Bitcoin is better than gold. Because gold price can't move like bitcoin. Even some big gold investors said that they are investing their money on bitcoin too along with gold. Basically bitcoin is still growing up day by day and one day it will be the highest valued asset in this world.

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Re: BTC VS Gold
« Reply #9 on: December 11, 2020, 08:52:19 PM »
Bitcoin is becoming more and more popular and in demand and many investors who have invested in gold are now investing in bitcoin, and I am sure that the time will come when bitcoin will be the most popular and demanded currency around the world, but the main problem with bitcoin is that the price is constantly jumping, while gold has stability and reliability.
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Re: BTC VS Gold
« Reply #10 on: December 11, 2020, 08:53:26 PM »
I always think Bitcoin is better than gold because Bitcoin is easier to split, not counterfeit, and extremely easy to trade. However, if I give advice to a friend, I would advise him to invest in gold because currently gold is still the best way to store value because price fluctuations are not large. And bitcoin always faces fluctuations in price, no one can predict what will happen to the crypto market tomorrow.
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Offline Tanimariya

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Re: BTC VS Gold
« Reply #11 on: December 11, 2020, 09:38:10 PM »
Bitcoin is much more popular at all times. But gold has been valuable since time immemorial. But now the demand for Bitcoin is much higher all over the world. So I think Bitcoin is much more valuable and important to people all over the world.

Offline Astra

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Re: BTC VS Gold
« Reply #12 on: December 11, 2020, 10:08:46 PM »
Banking giant JPMorgan said that Bitcoin is making quick inroads in mainstream finance at the cost of gold.

What do you think?

Read article: JPMorgan Says Bitcoin Will Slowly Eat Into Gold’s Market Share

I agree with you. It would not be wrong to compare Bitcoin with gold. Because the value of bitcoin is almost equal to that of gold. From time immemorial, people have kept gold as their capital. Now many people prefer to save bitcoin instead of this gold. I think in the near future it will be introduced that people will save bitcoin as capital instead of gold.
The fact that bitcoin holders are making a lot of profit is undeniable.  But will it be, if not always, then for a certain long time?  Nobody can guarantee this.  What happens if the bitcoin price stops rising?  Once conducted a survey and most said they would not invest in bitcoin if they knew that bitcoin would not rise in price.  So this line is very shaky and this should always be remembered.
« Last Edit: December 11, 2020, 10:11:03 PM by Astra »

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  PARADIGMA  NFT  METAVERSE
is an NFT marketplace + SCI-FI +
an innovative P2E gaming platform
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  .▰ ▰ ▰TOTAL ITEMS..777!.......

 
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..J O I N..
  ...MINT NOW...

Offline Quart

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Re: BTC VS Gold
« Reply #13 on: December 11, 2020, 11:47:55 PM »
In the fact, Bitcoin can make bigger profits than Gold. Bitcoin has volatility, even it is riskier but if we know how to invest properly, then we can have the chance to have much bigger profits. While Gold, is safer, but the chance to have bigger profits looks smaller. There is no big volatility in Gold price.

Offline Magepai

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Re: BTC VS Gold
« Reply #14 on: December 12, 2020, 02:44:49 AM »
If Bitcoin can slowly enter the gold market and occupy that place. Then people will believe in bitcoin more than gold. And in all the countries where bitcoin is not legal, they will gradually invest in bitcoin from gold. If JP Morgan's words are true.
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PATRON
DOGE DAF
 
  
A MEME-TOKEN WITH NFTs AND
METAVERSE, NAMED AFTER
THE FEARLESS DOG PATRON

FROM
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ABOUT PATRON DAF

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