Bitcoin vs Gold: What's Happening?

21 replies 341 views
AtomicForkFull Member
Posts: 352 · Reputation: 479
#1May 10, 2020, 02:11 AM
Been thinking about this for a while now... gold and Bitcoin have this rivalry as stores of value. Gold's been outperforming Bitcoin lately, like seriously outpacing it in returns this year.
7 Reply Quote Share
hash51Newbie
Posts: 95 · Reputation: 1
#2May 10, 2020, 05:02 AM
Right? Gold's shot up so fast, it's kinda alarming. Everyone's flocking to gold, which isn't a great sign. Feels like smart money is prepping for something big, like inflation or worse.
3 Reply Quote Share
AtomicForkFull Member
Posts: 352 · Reputation: 479
#3May 10, 2020, 07:22 AM
I get that. Central banks are stacking gold, but it feels like retail investors are jumping in too. A lot of folks still see Bitcoin as too wild.
5 Reply Quote Share
SwiftForkMember
Posts: 250 · Reputation: 145
#4May 12, 2020, 01:50 PM
Totally agree. Plus, many are realizing the CPI doesn’t show the real price hikes we’re facing.
6 Reply Quote Share
0xMinerNewbie
Posts: 153 · Reputation: 5
#5May 14, 2020, 09:54 PM
Geopolitical issues are definitely driving gold prices up. People are worried about potential world conflicts, and gold historically holds its value during wars.
0 Reply Quote Share
Posts: 34 · Reputation: 107
#6May 16, 2020, 08:23 AM
Exactly! With all the chaos around, gold's seen as a safe bet. Countries are hoarding it, and I doubt we’ll see peace anytime soon. Silver's also going nuts, over $50 an ounce!
3 Reply Quote Share
0xWalletNewbie
Posts: 23 · Reputation: 25
#7May 16, 2020, 01:56 PM
Funny how there was no hate when people were taking loans to buy Bitcoin, but now we’re critiquing gold? Just saying, maybe Bitcoin’s overheating too.
5 Reply Quote Share
chain365Legendary
Posts: 125 · Reputation: 5190
#8May 16, 2020, 02:31 PM
Feels like gold’s on a rare upward trend. Usually, it moves slow, but this year's jump is wild. Nearly 36% increase? What gives?
4 Reply Quote Share
0xHashMember
Posts: 431 · Reputation: 210
#9May 16, 2020, 03:49 PM
Gold's got its rep as an inflation hedge, right? But Bitcoin's slowly gaining traction too. It could be seen as a safe asset during downturns eventually.
3 Reply Quote Share
kevin_bridgeFull Member
Posts: 196 · Reputation: 677
#10May 16, 2020, 05:10 PM
I keep holding back on gold because I worry it’ll drop. But it’s clearly a solid investment alongside Bitcoin, even if it dips sometimes.
6 Reply Quote Share
0xMinerNewbie
Posts: 153 · Reputation: 5
#11May 16, 2020, 06:25 PM
Not a bubble, though. Central banks realize their currencies are losing value, and the rich see inflation rising. That FOMO kicks in when they start buying gold.
2 Reply Quote Share
markgasNewbie
Posts: 4 · Reputation: 32
#12May 16, 2020, 07:45 PM
I wouldn't jump to call it a trend just yet. Gold’s always been that safe haven. Older generations trust it, while younger folks are still figuring it out.
3 Reply Quote Share
pr0to88Member
Posts: 1222 · Reputation: 235
#13May 16, 2020, 10:09 PM
Bitcoin’s got features that could outdo gold and the dollar in the long run. It's been tested and is still here. But yeah, doubts are normal.
4 Reply Quote Share
Posts: 204 · Reputation: 1
#14May 17, 2020, 01:52 AM
Gold can’t compete with Bitcoin’s growth. Look at the numbers! Bitcoin's skyrocketed while gold’s been more stable in comparison.
3 Reply Quote Share
guru_2014Newbie
Posts: 72 · Reputation: 28
#15May 17, 2020, 02:05 AM
But this rise in gold prices could just be a healthy correction. Gold lagged behind for ages while the Fed printed money like crazy.
0 Reply Quote Share
AtomicForkFull Member
Posts: 352 · Reputation: 479
#16May 17, 2020, 06:48 AM
No surprise here. Global politics are making gold more appealing. Institutions want safety, and gold’s the go-to since Bitcoin isn’t fully trusted yet.
2 Reply Quote Share
mr_apeNewbie
Posts: 401 · Reputation: 35
#17May 19, 2020, 12:07 PM
I’m not following super closely but yeah... Bitcoin might be overheated. The price hasn't doubled since the last ATH, so maybe it's okay?
3 Reply Quote Share
SwiftForkMember
Posts: 250 · Reputation: 145
#18May 19, 2020, 03:19 PM
The world’s moving away from the dollar, especially with the US starting all these conflicts. Countries are hoarding gold now.
3 Reply Quote Share
AtomicForkFull Member
Posts: 352 · Reputation: 479
#19May 19, 2020, 08:51 PM
Definitely. Central banks have ramped up their gold purchases like crazy since 2022. They were buying less than half that before.
2 Reply Quote Share
kevin2015Member
Posts: 30 · Reputation: 134
#20May 19, 2020, 11:50 PM
True, but it’s not just about gold. People are generally losing faith in fiat. The seizure of Russian assets changed the game.
4 Reply Quote Share

Related topics