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View Full Version : When is bitcoin going to be more valuable than gold?



Neuro
27th November 2013, 03:07 AM
One bitcoin vs. a Troy ounce of gold, take your pick!

EE_
27th November 2013, 04:06 AM
Bitcoin can never be more valuable then gold...bitcoin has no intrinsic value.
Now when is bitcoin going to have a higher price...that's the real question.
My guess - one month

Horn
27th November 2013, 06:05 AM
I believe it will be floated around here for some long period of time to bring all the other E-flakes up to it.

Then they will all be munched together by the Feds recommended version.

They're already filtering out the too many that don't fit in the sandwich.

mick silver
27th November 2013, 06:06 AM
when the feds take it over

Neuro
28th November 2013, 11:28 PM
36 hours later and it is up looking very close to gold... Polonium laced glühwein any?

Mouse
29th November 2013, 12:50 AM
It's the beast. I am sorry, I really think it is the beast. Or it will unleash it. Virtual AntiChrist, if you will. haha

Ponce
29th November 2013, 12:51 AM
I don't know anything about bitcoins ....... but.......as I see it..... the basis of making, and believing in bitcoins, is only the greed of others who will pay whatever and that will make the price go higher..........you had the Holland tulips and now you have the American bitcoins..............and we already know what happened to the tulips.

V

Serpo
29th November 2013, 01:35 AM
Bitcoin Now Worth More Than Gold http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 11/29/2013 00:46 -0500



Bitcoin (http://www.zerohedge.com/taxonomy_vtn/term/12425)
China (http://www.zerohedge.com/taxonomy_vtn/term/139)
India (http://www.zerohedge.com/taxonomy_vtn/term/10673)






UPDATE: ... And then Bitcoin collapses 13% minutes later...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold3_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold3.png)

It seems the growing tensions in Asia (Japan-China sabre-rattling (http://www.zerohedge.com/news/2013-11-28/china-declares-willing-engage-protracted-confrontation-japan-prime-target) and Indian capital controls (http://www.zerohedge.com/news/2013-11-03/things-make-you-go-hmmm-indias-gold-refuge-establishment)) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_goldbtc_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_goldbtc.png)

1 oz of Gold = $1241.98 (Bloomberg)
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold2.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold2.png)
1 unit of Bitcoin = $1242.00 (Bitcoinwisdom.com)



http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold1_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131128_btcgold1.png)

http://www.zerohedge.com/news/2013-11-29/bitcoin-now-worth-more-gold

Neuro
4th December 2013, 01:59 AM
It is getting up there eyeing gold again $1175 vs $1220 aprox...

EE_
4th December 2013, 02:47 AM
It is getting up there eyeing gold again $1175 vs $1220 aprox...

I think it's the other way around...gold is getting down there eyeing bitcoin.

With the economy improving, no crisis on the horizon, war drumbs not pounding, dollar stable, stock market and cryptos the place to be...gold has nowhere to go but down.

Neuro
4th December 2013, 03:31 AM
I think it's the other way around...gold is getting down there eyeing bitcoin.

With the economy improving, no crisis on the horizon, war drumbs not pounding, dollar stable, stock market and cryptos the place to be...gold has nowhere to go but down.
I think Gucci bags can come under a short squeeze... Is the economy so good the Chinese stopped buying gold?

Neuro
5th December 2013, 09:38 AM
'twas just about to leave gold behind on the floor sobbing uncontrollably, then gold was saved by chinaman intervention...
http://gold-silver.us/forum/showthread.php?74474-Bitcoin-Tumbles-After-China-Central-Bank-Bans-Financial-Companies-From-Using-Bitcoins&p=677844#post677844

Neuro
5th December 2013, 09:40 AM
This is turning into a nailbiter!

Hatha Sunahara
5th December 2013, 10:28 AM
I don't understand how bitcoin is different from a 'digital' dollar. Both are units of account. Ledger entries. Numbers. They have no intrinsic value. You cannot even hold them in your hand. Their value is determined in a marketplace that is highly manipulated. Gold is something you can hold in your hand. It has a 6000+ year history of being a medium of exchange, a unit of account and a storehouse of value, but its value too is manipulated in a highly warped marketplace, but it (and silver) is the only legal money in the United States according to the highest law of the land. I would conclude from these facts that we are in extraordinary times where all values are perverted by controlling forces that are devoid of rationality and continuity with historical trends. When the world returns to normal (sanity) gold will again be considered money, and governments will behave in a way that assures it has stable value. In the meantime we will see al sorts of imposters of money calling themselves 'currency'. The real difference between money (gold and silver) and other 'currencies' (the dollar and all other fiat) is that gold holds its value over the long run, and the others collapse never to be heard from again.


Hatha

Neuro
7th December 2013, 08:50 AM
I guess it may have been higher than gold a short time. Does anyone have any comparative charts with gold and bitcoin?

it seems the Chinese are adamant of keeping bitcoin under gold...

gunDriller
7th December 2013, 10:29 AM
i wouldn't be surprised to see BitCoin go to $10K.

but i would say it's already in Bubble territory @ $1K.