Bitcoin's upcoming ATH: Gold hits record at $3,830.43

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leo1337Member
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#1Dec 7, 2019, 08:53 AM
Gold just hit a new all-time high at $3,830 an ounce, and Bitcoin also saw a nice bump from $110,126 to $113,991 in just a day. Gold's usually the go-to for people looking for a safe bet, especially in shaky economic times. With inflation and uncertainty creeping back, folks are turning to stable, limited assets. Bitcoin, with its cap of 21 million, is getting called digital gold more and more. So what do you think will happen next that could push Bitcoin to a new all-time high?
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alex.shardLegendary
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#2Dec 9, 2019, 12:07 PM
Bitcoin did not. fall below $107500 some weeks ago. It fall again last week but it did not fall below $111000 or so. That means it has a very strong support and I am not expecting bitcoin to fall right now. If bitcoin support stay this way, bitcoin will later get to $120000 and also it may get to all time high.
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falcon_2011Full Member
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#3Dec 9, 2019, 05:33 PM
I would say it would happen naturally as a sum of all factors combined, not something "pushing" BTC into it. Just wait long enough.
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defi_2017Senior Member
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#4Dec 11, 2019, 05:16 PM
If what has happened in the past happens again, bitcoin will beat previous all-time highs. It usually takes longer than gold to get there, but in the end, the percentage increase is greater. This time, the same thing does not have to happen as in the past, but it is most likely to happen. Yes, I can think of several: the non-stop debasement of currencies, increased institutional demand, the Fed lowering interest rates, or the approved strategic reserves that will eventually start to make DCA in large quantities.
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matrix365Senior Member
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#5Dec 11, 2019, 10:20 PM
New ATHs will be made but it can appear in this market cycle or next one while with many people they cannot wait too long for 4 more years to see new ATHs. They are not long term investors and it's their big problem by speculating that Bitcoin will have new ATHs in coming months. It is very risky to do this when this market cycle is going to very last months and its ending. All these are solid foundations for more demand on Bitcoin in the future as it can help people avoid inflationary issues of fiat currencies and Bitcoin is one of best and safest heavens for them, together with Gold and Silver. It is common thing with many people and even they know that, they just fail to have good strategy, then plan for their finance and investment. Some want and actually try to invest but they don't have good discipline for doing this well. DCA strategy is not like a hidden strategy, and it is known by many investors but not all investors can apply DCA strategy well with time.
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davechadMember
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#6Dec 11, 2019, 10:26 PM
Gold just broke an ATH and it turned the pace setter? Bitcoin has broken multiple ATHs only this bull run and that is worth noting. Bitcoin outperforms gold very well although it is more volatile than gold but its growth potentials is much higher than that of gold, so there is no need for the comparison.  I am one of those strongly believing in uptober, bitcoin would bounce back these coming months of the year and may likely break a new ATH, it is just a matter of little time and even if it doesn't break the ATH, the next cycle would be performing better than the past, it would only take 4 years.
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chris.altHero Member
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#7Dec 12, 2019, 02:41 AM
Let's look a bit closer at this, because in 2025 until now the situation wasn't that clear. Gold is currently probably in a bubble due to the conflicts all over the world, but it performed better than Bitcoin: Gold: - Jan. 2025: $2,600 - Sept. 2025: $3,800 (46% growth) Bitcoin: - Jan. 2025: $95,000 - Sept. 2025: $110,000 (16% growth) The last full year (9/2024 to 9/2025) instead was better for Bitcoin: Gold: - Sept. 2024: $2,600 - Sept. 2025: $3,800 (46% growth) Bitcoin: - Sept. 2024: $60,000 - Sept. 2025: $110,000 (83% growth) This is however due to market cycles: Gold was stagnant in the last quarter of 2024 (the price hovered at $2,600) while 2025 was its stellar moment. Bitcoin, in contrast, had a major pump in the last quarter of 2024 and already had reached almost the current price in January. My prediction is that gold will fall eventually again, but Bitcoin too. I expect both to be value a bit lower than now in early 2026.
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laser51Full Member
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#8Dec 12, 2019, 08:40 AM
This year has been setting for new records of all time high for gold and the same we have been having for bitcoin, while as at now, we are still expecting for more pump in the market between now and the month of October till we have set record of all time high, Bitcoin could be more unpredictable, even though as it falls the more, it rises again before you know it, bitcoin may not follow same pattern of gold in rising, but will always perform more better as regards it market demand and supply in each of the bull market circle.
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fox_2021Senior Member
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#9Dec 12, 2019, 10:26 AM
Bitcoin and Gold both are doing great. I think Silver is also amazing. Let's not forget we can invest in all three of these. Actually pretty much all the precious metals are good inflation hedges. An ounce of silver is now above $46. Not so long ago it was below $30 and it felt like it won't ever reach $40 and now it is almost $50. Before you know it it will be going above $100. First gradually, then suddenly. When you think about it gold is not going up. An ounce of gold is still an ounce of gold just like 1 btc is still 1 btc. It is the dollar that goes down because the FED has been printing it like a mad man for decades. Now it is the end of that road. They can't print it anymore and therefore the prices shoot up.
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CyberTokenSenior Member
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#10Dec 12, 2019, 03:17 PM
This is a weird situation because IMO gold is overvalued, while bitcoin undervalued. Why? Gold reacts to the same thing as bitcoin, which is global liquidity. Global liquidity goes up, gold goes up first and bitcoin follows. It was like that in 2021 and we are seeing it again. The difference is that many countries struggled with inflation and faced uncertainty due to weak dollar, wars in Ukraine and Palestine, Trumps tariffs and some other minor things. So, their idea to keep their currency safe was to buy gold. Among the largest buyers were Poland, China. India and Turkey. Bitcoin will have its day sooner or later. It's better than gold just that countries are being influenced by large entities like EU Central bank not to buy bitcoin. A great example is Czech Republic that tried to do it earlier this year.
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d3f1_2015Full Member
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#11Dec 12, 2019, 04:45 PM
That's because it's been there since the age of time and until now, there's a gold standard and reserve for most countries. It's normally the adoption. It has to grown further and with what's happening now with the financial institutions and the countries who have already shown their interest on it. They're major growth and move. People have got better choices now. As inflation increases, they're mostly keeping it with gold and because it is tangible, they can't store most of their wealth on it unless they've got a huge vault or they're letting the banks taking care it for them. As for bitcoin, it's very easy to keep it and won't require them a physical storage.
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alpha100Full Member
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#12Dec 12, 2019, 05:27 PM
Gold will likely keep rising well into next year. China is the factory to the world and the RMB is beginning to rapidly displace the dollar for settling international trade. But to do that China and its trading partners still need much more gold than they already have. The Trump tariff chaos is only accelerating this trend. Many countries are glad to accept Chinese RMB because it is actually backed by something of value. China has a policy of allowing anyone in the world to redeem RMB for physical gold any time. Unlike the dollar which isn't backed by anything but magic pixel dust, the RMB is backed by gold. Which means every new RMB printed requires a corresponding amount of gold to be bought. At the same time nations are dumping dollar assets like mad because no one wants to be left holding the bag of pixel dust.
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planktonSenior Member
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#13Dec 12, 2019, 10:18 PM
Silver seems to be doing even better.  Every day I have to raise the prices of my coins somewhere due to spot surpassing their value.  We have got to be getting close to the top.  Still short of an all time high for silver, but that is because it got a little crazy 10+ years ago.  Maybe we'll see new highs again before this is all over, but I'm not sure how much steam is left.  I have long said that silver would hit $80 in the next crisis though so maybe we still have lots of room left to run.  I do hope Bitcoin follows soon...
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alpha100Full Member
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#14Dec 13, 2019, 04:06 AM
I don't think there is nearly enough gold and silver in the world to serve as the reserve currency for all international trade. I think that is where bitcoin comes in. When demand for gold and silver starts to far outstrip supply, bitcoin can serve as a neutral supplementary currency. All three could function as world reserve assets at the same time. Bitcoin has some significant advantages physical assets like gold and silver do not. For example, redeeming your fiat for physical gold or silver is just not very practical or convenient. Bitcoin solves that problem.
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#15Dec 13, 2019, 05:28 AM
I've frequently checking the value of gold recently as I'm into gold too (it's better to diverse port of course), and I've been holding gold for so long like how I hold BTC. I still believe that BTC has that idea of being a digital gold and it'll become like the actual gold. It's one of the safest investments in this world and you won't go wrong by putting 10-20% of your whole port into gold, it's worth it. I'm already gained in the past years, and seeing this news is another good news for me as a crypto and gold holder. BTC can make it's way to another ATH but don't rush it, it'll eventually go there like how Gold smoothly walks to its path to the peak.
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shard_minerSenior Member
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#16Dec 13, 2019, 11:12 AM
For me, gold has a more stable market and retains its value as compared to Bitcoin and should not be subject to matters of ATH comparison, because bitcoin on the other hand just completed a 4th halving in 2024 and by statistics, the traditional cyclical model suggests that the most explosive growth  moment should begin to peak late this year 2025 and early 2026. We may see Bitcoin price rising up to $200k if not surpassing it and like it is being said, now is always a good time to start accumulation to be among the future billionaires, possibly.
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