1 Bitcoin currently costs 1182$
An ounce of gold is currently 1256$
Only 74$ to go. After that expect mainstream media news "Bitcoin is now more expensive than gold"
I doubt so. Bitcoin reached over $1200 and the mainstream media news channels/sites have not said a single word about it. Only small hobby/less professional news sites have reported about Bitcoin having set a record price. But then again, this will obviously get seen by traditional/high level investors, which I consider to be more of importance.
The dumps look very extreme and didn't do too much overall.
No matter how severe the dumps look in that graph, they are all short term and don't impact how the price is going up in the long term, as the charts posted here clearly shows. Bitcoin is strong due to the constantly increasing demand. Whatever dump we'll be experiencing, know that the demand will eat through all of these dumps eventually.