Quote from: Bluedrem on Today at 04:26:34 PM

Quote from: JayJuanGee on Today at 01:34:30 AM

Bitcoin has a market cap that is slightly more than $2 trillion and gold has a market cap that is nearly $20 trillion. So in that regard, bitcoin has a price that is about 1/10 the price of gold.

1/10 means that here too, investing in Bitcoin is safer than gold.
If for some reason the price of $10 falls (both gold and Bitcoin).
The change in the market cap of gold will be ≈ -0.30%
On the other hand, the change in the market cap of Bitcoin will be only ≈ -0.0086%

That seems like a meaningless calculation.

In the short term bitcoin and gold can go up and gold might even outperform bitcoin for short periods of time, just like it had been doing for various parts of this year, so there have been people distracted into buying gold rather than bitcoin, and of course, people can do whatever they like, including holding too much onto the old relic rock rather than recognizing that not only is bitcoin better than gold, it is also under appreciated by the current market - even though it could take 50-200 years for the whole bitcoin versus gold pricing matters to work themselves out.. and yeah of course, we are not likely investing on a 50-200 year timeline but instead much shorter .. 4-10 years or longer or maybe we might say 30-40 years for some of the younger folks.

Quote from: Bluedrem on Today at 04:26:34 PM

Quote from: JayJuanGee on Today at 01:34:30 AM

It could take 50-200 years for the relative prices to play out, and surely bitcoin could go up or gold could also go up or maybe gold goes down in order to achieve bitcoin's 1,000x or more better than gold position.

I'm 100% agree with you , Bitcoin 1,000x or more better than gold position.
Bitcoin has a low market cap due to its low supply.
But as its acceptance increases, its price is increasing and its market cap is increasing.
On the other hand, the high supply of gold (6.7 billion ounces) and the large amount of gold used by people have increased its market cap.
This large amount of gold use is not a history of a few decades, it is a history of a few centuries. People have been familiar with gold since 3000 BC. Then, at some point, people started using it as a valuable exchangeable substance. Due to this long history of gold, almost all people in the world are aware of it, which is why most people use gold.

Bitcoin's journey started a decade and a half ago, but the acceptance that Bitcoin has gained among people in this short time makes gold nowhere near it.

The current market cap of gold is $22.398 trillion.

To capture this market cap of gold, the price of one Bitcoin should be (22 398 000 000 000 ÷ 19 700 000) = $136 955. The acceptance that Bitcoin has gained among people and the amount of trust that people currently have in Bitcoin for their financial security makes me think that it won't be long before the price of Bitcoin crosses 1.136 million and the market cap of Bitcoin will surpass the market cap of gold.

Tell me as much as you want, I am the most confident Bitcoin of all time (100,000 times more than other assets)
Understand the reality, buy, buy, buy, buy for the future.

These seem to be valid observations, even though your formula for bitcoin to reach gold's market cap seems weird.

Sure gold has about a 10x market cap as compared with bitcoin, and sure gold could still go up whle bitcon goes up, but it does not need to play out like that.

As you seem to recognize, bitcoin does have the advantage of being in its early adoption phase to potentially cause bitcoin to appreciate in value even much faster than gold, even if they might perform at similar rates if they were each at similar level of maturities.. yet they are not.

Quote from: henry1111 on Today at 07:13:40 PM

Quote from: SmartCharpa on Today at 07:08:46 PM

[edited out

May it hit 150k
but i heard from somewhere a big dip is on the way. Maybe ot could be wrong I dont remember where I think on this forum only September or something...

You sound a bit distracted henry1111.. I am not sure why it should matter to you about if there is a dip or not, unless you have already been buying bitcoin for a long time.

Your forum registration is only a couple of months, so did you start accumulating bitcoin prior to registering on the forum.

I would suggest that anyone who is new to bitcoin should spend at least a whole cycle (4 years) accumulating bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively and even front loading to the extent feasible to their cashflow circumstances.

Of course, if you are able to frontload into bitcoin then you might accumulate bitcoin faster, yet it still tends to take a long time to accumulate bitcoin and to both have the accumulation add up and the time add up in order to put guys in a good bitcoin position.

By the way, even though this thread might seem like a trading thread, it is not, since the ideas behind OP has largely been to accumulate as many bitcoin as possible for long term purposes.... not for trading purposes, which seems to be the way that you are talking about bitcoin, henry1111.

Quote from: henry1111 on Today at 07:13:40 PM

Do you think at tha very point if there is any.
people would be able to hold back.

You are talking about what? If the BTC price dips or if the BTC price goes to $150k and above?

Many folks still seem to not know what the fuck bitcoin is, so I doubt that they have any issues in regards to their continuing to fail/refuse to accumulate it.

Quote from: henry1111 on Today at 07:13:40 PM

Big people have bots money and other tricks

Yeah, but so what?

Ever since bitcoin started, the players have been getting bigger and BIGger and BIGGER... .. so the more BIGGER players, then the more capital it takes to move around the BTC price, and also their various financial tools are counteracted by other financial tools. There is not any small groups of players who are able to control bitcoin, even though surely some of the different players try to control bitcoin, which so far has not tended to work in their favor, even though recently bigger and bigger players seem to be striving to push bitcoin's price up rather than down.. so there are mixed reactions in regards to bitcoin's price dynamics, but it still seems like some BIG so what? in the whole scheme of things.

In other words, each of us should be striving to take actions to protect ourselves rather than worrying what others are doing or might be doing.

Quote from: henry1111 on Today at 07:13:40 PM

This time for newbies and jr member is very important I think. Learn the lessons if it booms on the top your you will be flying in jet. Just read everything everywhere and then make a financial decisions.

Even I want to understand this better should I invest or should I wait what if I won't be able to hold that fear made me sell.

Sure. You are the one in charge of your budget, and sure you are likely to be advantaged by knowing about bitcoin and by attempting to invest as aggressively as you are able to do it without overdoing it. So yeah, if you already know about bitcoin, then you are less likely to be whimpy in your approach, yet even if you are whimpy in your approach, you are still advantaged by taking action to accumulate bitcoin (not talking about trading) rather than not taking actions. And, if you end up overdoing it, then you are going to end up being the one who is going to have to pay the consequences of your having had over done it.