Bitcoin Will 10X Compared to Gold, Says JP Morgan - Now ...

Why it is Better to Invest in Bitcoin Compared to Gold

Why it is Better to Invest in Bitcoin Compared to Gold submitted by zerohalo to Bitcoin [link] [comments]

Why it is Better to Invest in Bitcoin Compared to Gold (x-post from /r/Bitcoin)

Why it is Better to Invest in Bitcoin Compared to Gold (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Compared to Gold - Price Analysis

Bitcoin Compared to Gold - Price Analysis submitted by bitireland to bitcoin_ireland [link] [comments]

aXpire Weekly Update: Product Updates, President Trump, and Bitcoin Compared to Gold

aXpire Weekly Update: Product Updates, President Trump, and Bitcoin Compared to Gold submitted by ymids to aXpire [link] [comments]

Realistic but simplistic model for the market cap of bitcoin compared to gold

Calculated this in 5 min after seeing the topic on roger ver and 234 billions market cap
This is a very simplistic assumption but useful to have an idea of what kind of numbers we are talking about
in 2013, around 2900 tons of gold were mined. At an average of 40 000 usd per kg of gold (I didn't calculate the average for 2013 but I used today's value of gold, knowing that the average for 2013 was higher than that), the total value of the gold mined in 2013 would be around 120 billions of dollars.
Considering that Bitcoin has the potential to be superior to gold in almost every way to store value (and move it in the case of bitcoin), let's imagine Bitcoins takes over 1 to 10% of the total gold market.
That means that you could support a bitcoin production of 1.2 to 12 billions of dollars a year. 3,2 to 32 millions $ per day. That's 888$ to 8888$ per bitcoin at 3600 bitcoins mined a day. You can double that price after the next halving and so on.
submitted by Taidiji to Bitcoin [link] [comments]

Bitcoin compared to gold rush - Infographic

Bitcoin compared to gold rush - Infographic submitted by pietrod21 to Bitcoin [link] [comments]

Bitcoins compared to gold / silver

I'd like to see some general comparisons between bitcoins and precious metals, should either or both become a general currency (again). Are they competitors? Could both be used as currencies side-by-side?
submitted by m2c to Bitcoin [link] [comments]

How Do The Fees And Mining Costs Of Bitcoin Compare To Gold, Silver, And Traditional Banks?

How Do The Fees And Mining Costs Of Bitcoin Compare To Gold, Silver, And Traditional Banks? submitted by GreatestInstruments to Rad_Decentralization [link] [comments]

Can bitcoin compare to gold?

Can bitcoin compare to gold? submitted by cryptocurrencylive to CryptoCurrencyLive [link] [comments]

Virtual Mining Bitcoin News » Can bitcoin compare to gold?

Virtual Mining Bitcoin News » Can bitcoin compare to gold? submitted by freee101 to Bitcoin [link] [comments]

Bitcoin Will 10X Compared to Gold, Says JP Morgan

Bitcoin Will 10X Compared to Gold, Says JP Morgan submitted by installeris to CryptoCurrency [link] [comments]

Bitcoin Will 10X Compared to Gold, Says JP Morgan (x-post from /r/Cryptocurrency)

Bitcoin Will 10X Compared to Gold, Says JP Morgan (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Will 10X Compared to Gold, Says JP Morgan

Bitcoin Will 10X Compared to Gold, Says JP Morgan submitted by scgco to GGCrypto [link] [comments]

Bitcoin is the new gold

Bitcoin Compared to Gold

Gold is expensive to store securely.
Gold is extremely expensive and slow to transport securely, especially large amounts.
Gold is heavy, it takes up space.
You can't walk very far carrying a lot of gold. You can't swim at all with more than a few coins of gold.
Gold can be confiscated. Gold has already been confiscated by the US government.
Highway robbers, corrupt border guards, pirates, and others can merely kill you, then take any gold you were transporting.
Tungsten's density is very close to that of gold. There are now gold-coated tungsten bars in circulation. It requires special equipment and know-how to detect gold-coated tungsten.
Gold has intrinsic value, but it's on par with aluminum and copper. Besides, the point of money is to have little or no intrinsic value.

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Bitcoin is easy and inexpensive to store securely.
Bitcoin is inexpensive to transport, and compared to gold, transporting Bitcoin is 'instantaneous'.
Bitcoin weighs nothing and takes up little, if any space.
Bitcoin cannot be detected and can pass right through any border or airport.
Bitcoin won't stop refugees from walking long distances, nor from swimming across rivers.
Bitcoin cannot be confiscated. Robbers, pirates, corrupt cops, soldiers, etc. won't know you own any (unless you tell them), and they cannot merely kill you and take your Bitcoin.
Bitcoin can be sent across the Internet.
Bitcoin has no intrinsic value.

Intrinsic Value

Money does not need intrinsic value. In fact, the whole idea of money is to use something with little or no intrinsic value in order to facilitate trade. When people trade items with intrinsic value for other items with intrinsic values, that's called "barter" and no "money" is involved.
People who throw the "intrinsic value" term around usually don't know what it means.
Investopedia says:
What Is Intrinsic Value?
Intrinsic value is a measure of what an asset is worth. This measure is arrived at by means of an objective calculation or complex financial model, rather than using the currently trading market price of that asset.
Wikipedia says:
In finance, intrinsic value or fundamental value is the "true, inherent, and essential value"[1] of an asset independent of its market value.[2]
So, technically, Bitcoin has no intrinsic value, but that's okay.
Fiat money has no intrinsic value, either.
Gold has a little bit of intrinsic value, about on par with copper or aluminum.
Again: Bitcoin is the strongest, soundest money ever used, even though it does not have much, if any, "intrinsic value".
submitted by Mark_Bear to Bitcoin [link] [comments]

The crypto analysts & exchanges should stop comparing Bitcoin to Altcoins and start comparing Bitcoin to Fiat, Gold, Equity, & Bonds since those assets hold 99.9% of the monetary energy in the world. (x-post from /r/Cryptocurrency)

The crypto analysts & exchanges should stop comparing Bitcoin to Altcoins and start comparing Bitcoin to Fiat, Gold, Equity, & Bonds since those assets hold 99.9% of the monetary energy in the world. (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin should be compare to gold, what's the point to compare a hard asset to an asset with unlimited supply

Bitcoin should be compare to gold, what's the point to compare a hard asset to an asset with unlimited supply submitted by Bruce-Hopper to Bitcoin [link] [comments]

Paul Tudor Jones reportedly buys bitcoin as an inflation hedge, compares crypto to 70s gold trade

Paul Tudor Jones reportedly buys bitcoin as an inflation hedge, compares crypto to 70s gold trade submitted by blcx to CryptoCurrency [link] [comments]

5 ways to compare Bitcoin vs Gold

5 ways to compare Bitcoin vs Gold submitted by coinsmash1 to CryptoCurrency [link] [comments]

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets submitted by coinsmash1 to CryptoMarkets [link] [comments]

Bloomberg's Mid-Year Bitcoin Outlook is bullish, comparing BTC to digital gold and citing record-high institutional investment.

Bloomberg's Mid-Year Bitcoin Outlook is bullish, comparing BTC to digital gold and citing record-high institutional investment. submitted by heist95 to Bitcoin [link] [comments]

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets submitted by coinsmash1 to Anarcho_Capitalism [link] [comments]

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets

Bitcoin vs Gold: 5 ways to compare two of Earth's scarcest assets submitted by coinsmash1 to CryptoCurrencies [link] [comments]

Peter Schiff is wrong - Why Bitcoin, is a lagging Anti-Fiat, compared to Gold O'leary: Bitcoin & Gold a fair comparison! - YouTube Bitcoin Value Comparison to Fiat and Gold Properties - Team Joff Paradise Comparing Bitcoin & Gold  Will history repeat itself ... DOLLAR COLLAPSE - BITCOIN VS GOLD 2019? - YouTube

In Bitcoin’s case, the opposite is true, the cryptocurrency’s high to low difference was more representative of its trading price, and it not only closely tracked its daily price, but the difference was lower compared to gold. Bitcoin vs. Gold: All-Time Comparison. Comparing the price since 2010, when there is tracking data for Bitcoin, we can see that the increase for BTC has been absolutely massive. The Bitcoin price had a price of $0.06 in July 2010 and has steadily increased, since. On the other hand, the uptrend has been much more gradual for gold. Gold had a price of $1210 in July 2010, before increasing to ... “Gold has something very important that bitcoin lacks: a more than 1,000-year history of being a decent store of value. This is very important for trust and people’s willingness to store value ... Gold’s use nowadays is very static and primarily as a store of value, Bitcoin is less static compared to gold. Not many people pay any of their daily expenses with gold. This is different from Bitcoin. Bitcoin is accepted as a payment option by thousands of merchants such as Domino’s Pizza, Norwegian Airlines, or Microsoft to name some prominent examples. Click to Tweet. The implication is ... Bitcoin Will 10X Compared to Gold, Says JP Morgan. Ethereum Powering Twice As Many Transactions As Bitcoin, Approaching $1 Trillion Settled in 2020. Bitcoin Wallet Provider Ledger Compromised Again by Malicious Phishing Attack. Stellar. Stellar Lumens (XLM) Denelle Dixon Summarizes Key Points of Focus at the IMF. Big update for Stellar Lumens: Protocol 15 announced . Stellar Lumens (XLM) Now ...

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Peter Schiff is wrong - Why Bitcoin, is a lagging Anti-Fiat, compared to Gold

Hopefully, this video will enhance your bitcoin value knowledge and allow you to decipher between the future potential value of gold, fiat currencies, and bitcoin. This video is unavailable. Watch Queue Queue. Watch Queue Queue Watch live: https://ivanontech.com/live Gold/Silver vs Bitcoin/Crypto: Vault Storage Costs & Comparison Bitcoin & crypto on a hardware wallet is infinitely more accessible for trading than gold or ... Do you see a Bitcoin ETF coming this year? Are you optimistic or bearish on markets? Feel free to leave a comment below! Thank you all so much for watching t...

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