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hexwin

Gold & Crypto

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Come on!

It's crypto, more precisely Bitcoin. 

I am not saying investing in gold is bad though. As long as you do not have fiat in the bank which will eventually lose the value overtime, you are fine.

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Gold and crypto are two different things,

Gold is an investment also as it can't reproduce by people.

human uses them as jewelries and the price is going up slowly.

Cryptocurrency is an investment which we can't hold physically, this is currency!

So if FIAT will gone then GOLD = 0.01 BTC per gram? just like that!

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Both gold and crypto have its good and bad sides.

For crypto you don't have to have storage or pay for safe box.

For gold you don't depend on electricity and you don't have to have computer knowledge to sell it or buy it.

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Both are different, Gold has a stable price and dependent for some time, while Crypto can change in a hour or so to pump or dump. Gold prices are very low and they rise only some occasions, not all the time. People now a days moved from Gold to Crypto in order to make more profits.

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Cryptocurrency value is unstable, on the other hand, Gold value is stable. Investing your money on something with stable value is not fun, cryptocurrency can offer more profit than gold, with higher risk than gold of course.

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l3.gif.db5b995a6e73a149ffa675fb3c0c585f.gif

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I have always seen gold as one of the most coveted, and bitcoin is more recent, it is barely 10 years old, instead gold is many years old, I think the only advantage that bitcoin has against gold is because transactions can be made of a lot of money with a not-so-expensive fee, however gold does not, you must have many permits to transfer it and it is heavy, which transport is complicated.

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People are utlizing cryptocurrency for gold backed stable coin. I think it can be worked as sideways. For investment purpose, I would invest in crypto, gold will not give you great return as well as low risk too. In crypto, risk is high and chance of high return is there.

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13 minutes ago, Apostlejustice said:

Gold has recently been an important leading indicator for Bitcoin (BTC). We have seen the price of Bitcoin react to movement in Gold. We do not know how real is this correlation and how much stage  but we know that correlation existed which alot of investors counted on to see when the price of Bitcoin is going to end next. Now Gold has run into a strong resistance at the 61.8% fib retracement level and is on the verge of potential trend reversal, it is reasonable to say that Bitcoin (BTC)could do the same? Most investors in the ctyptocurrency space it is either Gold or S&P 500 that they think Bitcoin had a positive correlation with. However at this point both are the verge of a sharp decline.

 

This post have been nothing but pure copy/paste plagiarism without posting original link

source article:

https://cryptodaily.co.uk/2019/10/could-a-trend-reversal-in-gold-mean-a-trend-reversal-in-bitcoin

Please avoid doing so, or you will end up on member report list

 

Quote

3. No plagiarism content without reference.

 

Edited by hexwin
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Actually if we search the gold charts from 1900 years we will see that its almost identical with bitcoins but the sketchy thing is that after 3 bull runs the gold came back and never recovered which I doubt bitcoin will do it as its getting far away from being a bubble or being backed up by gold so good times ahead of us.

Still the safest investments remain in gold , land and probably bitcoin now.

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Problem I find with gold and paper money is LIMIT you have by each country how much you can carry with yourself.

If they find that you are crossing border with more gold or cash you reported they will take it away from you

Edited by hexwin
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First both is demandable but I don't think the both is same. Because gold is hard but Bitcoin is just online virtual money. We cannot take the both same like. we can use both but we cannot different between that. 

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I think it is a different version but it is similar to Bitcoin but in terms of price it cannot be compared with BTC.

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There is no doubt the bitcoin will replace gold in the future. Bitcoin already replaced gold in the mind of Millenials - the youth and entrepreneurs. Bitcoin is beating gold with a very high margin in terms of profits for the long-term investment

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Both bitcoin and gold have similar charts so I would except another bull run in bitcoin which will be the biggest and then I don't know if we will have another one. Anyway the best investments right now are both gold and bitcoin and less altcoins.

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Both has somewhat same purpose but when you look at the investment vise, bitcoin has given and will be giving higher returns then gold.

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2 minutes ago, bitcoworld said:

Well i like to explain it like that, 2000 Years ago you could probably mine daily Gold in Your garden. 100 Years ago probably in any small river around you but since we made so much mining since then the difficulty increased heavy and we have to mine deeper and it gets expensive. Pretty much this is why Gold is that much expensive right now. Bitcoin is designed on the same way Gold works with every 4 years you have a halving and the difficulty increasses everytime heavy. It gets harder and harder to mine Gold and prece icreasses tady. The key diffrence between Gold and Bitcoin is that Bitcoin is Limited to 21 Million and Gold exists in our hole Universe on probably a lot Planets and the most Asteroids.

Wow nice explanation there. Now someone speaks my language! There is so much more correlation between Bitcoin and Gold than people are aware of. When you research some statistical information and do some mathematics you find some very interesting similarities. Similarities that surely could not be by coincidence. 

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On 10/3/2019 at 4:53 AM, robelneo said:

I'll go for both and there's no harm for going on both, both are store of value and we all know we should not put all our eggs in one basket, it's important that you also diversify, both value goes up and down.

So, you put more eggs in more baskets? Does Gold price will jump just like Bitcoin? I have seen Gold price jumped in last 2 to 3 monhs here, but Bitcoin price jumps to more that is in hundreds or thousands.

Does Gold prices will get down like Bitcoi price dropped?

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6 minutes ago, bitcoworld said:

I researched a lot because of this correlation between Gold and Bitcoin. Also iam sure Satoshi studyd the Gold very well and was always the idea behind to kinda Digitalize the Gold. Bitcoin is nothing else then the digitalization of Gold and if people wake up and adoption goes as it started we could see a Bitcoin Standard sooner then later

Well I will tell you this...... if the Bitcoin Market Cap was equal to the Market Cap of Gold........then 1 Bitcoin is worth roughly around $475K+-  or about 20 lbs. of Gold! I haven't done the math in a while but it's been around that price as it would correlate completey with Gold if they had the same Market Cap. If Bitcoin becomes the global currency than we would be talking about a value of some $4-5 Million per coin. These are 2 of the reasons I am invested heavily into Bitcoin as the potential is beyond anything we've ever seen. 

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No wonder Bitcoin is called digital gold, this statement is completely justified and there are some important aspects between them, this is growth and long-term investments, and it is more convenient to trade bitcoin and you can even use a small amount for this

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1 hour ago, bitcoworld said:

Wow this sounds very familiar to that what i researched. Did you researched that the 21 Million Bitcoin are very much in correlation with the total Gold Suppy which is mined and not mined are around 240 Metric Tons and also i think that CHarlie Lee the creator of Litecoin was one of the first people which understood this fact as he created Litecoin on the same correlation like Bitcoin to Gold just he made Litecoin correlation to Silver pretty much identically as we have 74 Million Litecoin and around 840 Metic Tons of Silver if iam not wrong.

Some smart people where doing some deep thinking when they designed Bitcoin in first place.
No number is added by accident, so nice observation from your side 😉

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On 01.10.2019 at 22:28, hexwin said:

What do you think should crypto be against gold or maybe gold and crypto work great together?

I don't see anything wrong in using both of them as Store of Value and as payment option.

There is also several tokens backed by real gold, and this proves that it can work in real life.

Yes, I think they will exist together.
I doubt the future of the fiat currency, but gold and cryptocurrency will remain.
After all, if someone wants to keep a certain amount incognito, he will be able to store it in gold and other jewelry.

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Sell/Buy music, sound fx, video footage, photos, vector images and more
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2 hours ago, BitcoinCase said:

Well I will tell you this...... if the Bitcoin Market Cap was equal to the Market Cap of Gold........then 1 Bitcoin is worth roughly around $475K+-  or about 20 lbs. of Gold! I haven't done the math in a while but it's been around that price as it would correlate completey with Gold if they had the same Market Cap. If Bitcoin becomes the global currency than we would be talking about a value of some $4-5 Million per coin. These are 2 of the reasons I am invested heavily into Bitcoin as the potential is beyond anything we've ever seen. 

Nice point of view 👍

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Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • С радостью сообщаем, что мы добавлены на мониторинг OKchanger Контакты: Наш сайт - https://bitkovskiy.io/ Почта - bitkovskiy.change@gmail.com Telegram - https://t.me/Bitkovskiy_exchange
    • там автоматом, вроде, должно. при соблюдении нужных пунктов. что-то типа этого:     а еще у них есть пулы:     а ля американские горки вверх-вниз?
    • В России планируют запретить оборот криптовалют — депутаты назвали точную дату   Исключение авторы проекта предлагают сделать для майнеров, участников майнинг-пулов и «проектов Банка России в рамках экспериментального правового режима». Участниками обращения криптовалют считаются российские или иностранные юрлица и их представительства, а также физические лица, находящиеся на территории страны не менее 183 суток в течение 12 следующих подряд месяцев (то есть полноценные российские налоговые резиденты). Законопроект предлагает запретить на территории страны любую рекламу самих криптовалют и рекламу организации обращения виртуальных монет. Сейчас в действующем законодательстве есть запрет на расчеты между физическими и/или юридическими лицами в криптовалютах, но нет запрета на «организацию обращения» в любом виде. Это обновленная редакция законопроекта № 237585-8, который появился в ноябре 2022 года и должен был отрегулировать майнинг. Тогда документ не прошел даже перовое чтение. В феврале 2024 года авторы законопроекта снова попытались дать ему ход, но 19 апреля комитет по финансовому рынку постановил отправить текст на доработку. В пятницу, 26 апреля, вечером новая версия появилась на столе у председателя Госдумы Вячеслава Володина. Авторами и прошлой, и новой версии законопроекта значится группа из 16 депутатов, в том числе достаточно статусных: председатель комитета по финансовому рынку Анатолий Аксаков, зампредседателя комитета Аркадий Свистунов, зампредседателя комитета по информационной политике Антон Горелкин, первый зампредседателя комитета по безопасности Андрей Луговой, бывший министр сельского хозяйства Алексей Гордеев и так далее. В начале апреля главный фронтмен законопроекта, Анатолий Аксаков, жаловался, что принять закон мешает «одно-единственное ведомство». И обещал, что проект точно станет законом в августе.
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