Bitcoin vs Gold (let's skip the hype)

I'm really starting to doubt the hype around gold being the top asset out there. Yes, it’s consistently hitting new all-time highs, but then there’s news that Bitcoin is now the 11th most valuable asset while gold is still at the top. First up, check this out: Then there's the fact that gold seems to drop like a rock when Bitcoin takes a hit, impacting other assets too. Gold’s performance shows this pretty clearly, even if we can't pinpoint exactly why the markets are falling so much as I write this. And here’s some more news. Gold's drop has been about 3 times that of Bitcoin’s market cap. Now about Bitcoin. Initially, the market dropped to around $87,000, then it bounced back to $90,000. But then came another dip where it fell to $81,000, only to correct to $84,000. Honestly, this is a solid chance to buy the dip and just hold on. Bitcoin should always be the go-to investment option since it sets the pace for everything else. You really can’t stack up a centralized asset like gold against a decentralized one like Bitcoin and think Bitcoin won’t leave it in the dust in the future.

People were over the moon about the recent surge in Gold and Silver prices, and speculated that they'll rise even further. Even myself was confident that the rally wouldn't stop, just a day or two ago I had commented on another thread here. Gold and silver were the first to drop, Bitcoin then followed, not simply because they're correlated, but because both of them are assets and when liquidations happen, assets, bonds, stocks, crypto gets sold. Gold lost a huge percentage of its market cap, compared to Bitcoin, but that's logical, since its market cap is way higher than Bitcoin's, which is also shown in the first X post you submitted. It's already a huge deal to be in the top 10 (now 11th place) for Bitcoin, which is a lot "younger" innovation.

No one claimed Bitcoin is replacing gold, or is a physical asset and the otheba digital one, they have their differences in terms of centralization and decentralization as well, we are only comparing their respective value and asset worth and performance, so we can know which one could be of the highest benefit for us at the long run. Also consider that Bitcoin was just introduced in 2009 and we have gone this far, which signifies that it's what people want and may prefer as alternative to gold on a long time investment.

For Bitcoin to dump this low, it feels like money is moving out of BTC and into gold. I see it as temporary though. Bitcoin has been through worse and it always finds a way to recover. Whoever sold just to push it down to this level will probably regret it later. I honestly think hitting $100k again will be an easy target sooner than people expect. Bitcoin definitely deserves to be in the top 3 in the future, but replacing gold completely? I don’t think so, at least not yet, that’s just my opinion.

I think you and some others have simply been drawing into this comparison thing where they compare bitcoin and gold and I usually say it’s a baseless comparison most especially if it’s based on what someone wishes to go for as an asset for investment. For me I think that this comparison is done by those that are looking by all means to actually convince themselves that bitcoin isn’t a great asset and that’s why until today the time you will see this comparison it is usually when gold is pumping. For me gold isn’t less of an asset in any way we put, in fact its volatility is less than that of bitcoin and can be considered a traditional asset for investment but personally I am a bitcoinier even though it’s more volatile but its advantage for me outweighs that. The volatility of bitcoin can be contained by investing for a long time

You know those people who say "Bitcoin is a scam" every time the media publishes a story about how it lost 10% in value overnight? It's strange to me that they will never say anything similar when the same thing happens to gold or the shares of a large company that lose trillions of dollars overnight. The fact that BTC is experiencing a similar fate as everything else is just a confirmation that it has become part of the global market.

It's stupid to take their news into consideration. With very bigger market cap compares to Bitcoin's, it's normal to see there is more market cap of gold disappears with any gold price correction. It's just math, and the news simply amplifies gold correction while comparing total money (in marketcap) vanishes by a gold correction to Bitcoin market cap is very non sense comparison. Learn about Bitcoin market history, how it has grown so far, and how good are Bitcoin corrections, dips with profit later for people who bought dips and hold bitcoins a long time. If people understand that, they will feel more comfortable with investment in Bitcoin and will no longer feel fearful with corrections, dips but would take them as opportunities instead. Buying dips if they come, and consider it simply as your DCA. Dollar Cost Averaging with costavg.com include exchange fee It is still behind gold but time flies fast and it can change the position of Bitcoin in the world in the near future, like next two or three market cycles.

I don't see a problem with it. A world where Bitcoin AND gold are widely adopted means that people are moving their funds to places other than the dollar for safekeeping. Because let's face it, all currencies will keep dumping indefinitely until they become worthless.

Don't be skeptical on how people are rating gold, you might say they are over rating it but that's also what gold investors would say to us that we are over rating Bitcoin as well. However, all these assets are good investment options, if I go for Bitcoin and someone goes for gold, that's preferential difference among people and definitely people love to hype what they own that is of value to them. Secondly, anyone can still invest on gold even after having a huge amount in Bitcoin. Peter Schiff never wanted to have anything to do with Bitcoin, his investment is largely on gold and he talks against Bitcoin but he has more Bitcoin holding than some of us here, he might say he got it as a gift but it doesn't matter.

Gold is still the shit though. It's not overrated. I only have a problem with those that use it to trash Bitcoin because its obvisoe they don't know what they're saying. Gold may perform better than Bitcoin for a while, but if you look at the performance of both assets since Bitcoin came into the scene, Bitcoin has been performing better, especially in the long run. It's normal for one asset not to perform well for a specific period of time. There are even times when some altcons has performed better than Bitcoin, but in the long run, I doubt any altcoin has performed better than Bitcoin. The same can be said about gold. The fact that it was performing better and Bitcoin was not doesn't mean it's a better asset. To determine which performs better, you have to look at their long term performances.

From what I've seen, people have been overly devoted to gold, investing in it like crazy over the past year. Especially when global geopolitical conditions heated up, people used gold as a safe haven to protect their wealth from uncertainty, and this pushed gold prices to their highest point. But what's not known is that gold, considered a stable asset,  still has volatility, and once it's overbought, it's only a matter of time before it finally breaks. Just one news from Trump and it's over. Just imagine, if Bitcoin were to crash like this, the gold hawks would say it's just a scam. But when gold falls like this, they don't see it as anything serious, but rather as a normal market correction smh.

Bitcoin is fundamentally "ahead" of gold, but what happened yesterday had nothing to do with neither bitcoin nor gold. Central banks didn't dump gold because they suddenly "stopped believing" in it. It was just manipulation. Crystal clear. Gold isn't losing 10% of its value for the lolz. Big Funds simply realized the long positions are too many, and sold some gold to liquidate all those billions. And yes, this is a good opportunity to buy back more bitcoin, but I think more long positions are on their way to be liquidated. See you at $70k.

I really don't know where to take from in this discussion but I just commend that I admires your ambition for Bitcoin. Bitcoin will always do great in the long term as a store of values. We can always expect its 4 years cycle events to be repetitive events whereas we can then expect ATHs in the bull times. Infact it is more than just relying on the bull to acquire increase of values but as derivation of whalers consistently buying of Bitcoins over the times. Though I won't agree with you that Bitcoin can in any way be compared to gold for now whether by store of values, market Cap or volume of investors. Gold actually seem to be the greatest so far while it also follows it market cycle foreseeing it ATHs too. It had also become less volatility- driven decline than Bitcoin. Therefore, gold takes the lead while in the long term will always be an uncertainty.

I don't think we need to be stubborn with the market now, there is no point of the argument of which one is superior to the other between Bitcoin and gold. What I have learnt from both market this year is that diversification is a great strategy and gold is a very good candidate for diversification every Bitcoin investor should consider instead of memecoins or the numerous shitcoins out there. At least we know that gold is not going anywhere soon and there will always be liquidity for gold considering that it has the biggest market capitalization.

Yes, you are right, I don't see any point of comparations between these two digital currencies, there was a guy on X who stated that he regretted over buying altcoin around earlier 2024, that he supposed to have bought gold and silver. These stocks market had been doing great recently but they currently experiencing heavy dump, I am not shock though as how the stock and crypto market works and moves.

The never ending Gold versus Bitcoin debate seems to die only for it to be revived almost immediately again soon after. You can not really compare the two.  Even if Bitcoin gets to replace its Market Cap, this only means monetary value.  Gold still has its physical properties that Bitcoin can not replicate and Bitcoin allows a financial Freedom that Gold can not replicate either.  There are differences, some times I feel like people compare these two only because their color is gold for both. The parabolic growth of Gold did not show something good was coming.  Bitcoin had a generally parabolic run if you zoom out the entire chart since its existence but every time it had a spike as large and quick as Gold had recently, it was followed soon after by a crash.  People hated Gold, Silver and other 'classic' Assets until they started floating above the sky.  Now they were amazing investments.  But then they drop again like an implosion and watch how people will hate them again and move to the next trend.

Gold is distributed globally and does not belong to any single government or entity. Therefore, gold is also a decentralized asset. But because it is a physical asset, it will have limitation and will not be as flexible as Bitcoin. Gold is difficult to divide and bulky, making storage and transportation more challenging. Meanwhile, Bitcoin is a digital asset, which makes it superior to gold in this respect. To be fair, each asset has its own strengths and weaknesses. Therefore, depending on their needs and preferences, they will choose the best asset for themselves.

Actually for the past 24hrs the bitcoin market really witnessed an insignificant fall where it dropped to around $76k and currently trading at $78k, which there are possibility for the price to increase above that. The sudden dump within the two asset was like a surprise to me, although for bitcoin It is a normal market volatility as I have not seen how faster Gold could dump as well because mostly they usually says that Gold is more stable than Bitcoin but seeing it dump this way shows there even Gold can't be trusted and reliable anymore. Instead it would be more better to focused and channel most of our efforts to Bitcoin than buying Gold.

No matter how skeptical you may be about gold (I am one of them), most people think otherwise and put their money into gold, which results in the largest (gold) capitalization in the world. Bitcoin is currently in 12th place, but I think we will see (relatively soon) positions below that. The price has fallen below $80,000. I expect it to fall even lower, as the psychological $80,000 mark has proven unstable. A priority investment asset for whom? For the average citizen? Or for you and me? It seems to me you're assessing the situation solely from your own perspective, forgetting that everyone else sees it differently. Gold's position in global market capitalization is proof of this. Most people chose this asset over bitcoin. Can't you compare gold and bitcoin? But for some reason, the whole world does.

This is the first time I've heard the comparison between gold and Bitcoin in terms of decentralization, but gold is not centralized. Frankly, neither asset is dependent on the other, so their use is primarily for asset diversification.