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BTC vs GOLD: A Comparative Analysis of Two Stores of ValueIntro Bitcoin and gold are both commonly considered stores of value. Many alt coins also claim to be a store of value After the recent banking issues in the world, we have seen these stores of value shoot to the sky in valuation. This got me thinking a bit about the old question, "What is best? BTC or Gold?" I believe this question really bases on the fundamentals for digital value vs physical value I will try to examine the pros and cons of each store of value and analyze what factors determine their price. Bitcoin as a Store of Value The technology provides a secure and transparent method of transferring and storing value. Some of the pros of having a digital store of value for money include ease of use, low transaction costs, and borderless transactions. However, there are also some cons to consider. One is the security concerns is simply that there are some technical attack vectors to mint infinite coins, which would completely destroy the demand. This article writes about it: medium.datadriveninvestor.com Another is the lack of regulation; since there is no central authority controlling Bitcoin, the value of Bitcoin can be volatile. A lot of people hate on CRYPTOCAP:ETH for being more at risk of being centralized after it's fork to proof of stake, however this is actually to avoid the issues with governments. I believe institutions will be integrating ETH more than they would BTC, because it's becoming greener after proof of stake, and because it is easier to regulate. I understand the point of actually wanting decentralization of money, but I also see the limits in regards to how we intergrate it into the world. What has done best? BTC has been outperforming GOLD for most of the time since it's inception: This chart shows the price of BTC compared to GOLD, when it goes up, it means BTC is getting more expensive compared to gold The correlation between BTC and GOLD is, unlike between the US dollar, varying. However, in times of termoil, we see them have the same direction in the short-mid term. Gold as a Store of Value Gold has been used as a store of value for centuries. Some of the pros of having a physical store of value for money include its durability, scarcity, and intrinsic value. When it comes to the practical use for GOLD, we really only see it being used for central aspects in electronics. One issue of gold is the storage and transportation costs, which can be significant. Another is the vulnerability to theft, as gold is a physical asset that can be stolen. Furthermore, the whole point of this discussion is to see what is better if someone wants to keep custody of their money, how is the value best stored? You can't just keep large amounts of GOLD in your house! Determinants of the Price of Gold vs Bitcoin The factors that determine the price of gold include supply and demand, inflation, geopolitical events, and the strength of the US dollar. The factors that determine the price of Bitcoin are different. They include supply and demand, mining difficulty, regulation, and adoption. Unlike gold, which has a finite supply, Bitcoin has a fixed supply cap of 21 million coins. The mining difficulty of Bitcoin also affects the price, as mining rewards decrease over time. The regulation of Bitcoin also affects the price, as some countries have banned or restricted its use, while others have embraced it. Adoption is another factor, as the more people and businesses that accept Bitcoin, the more valuable it becomes. The simplest way of putting it, BTC is an excel-sheet, that keeps track of all the transactions, and users pay miners to keep it running Okay Omar, so what now? Well... I am not a financial advisor, but I want to share my insights on which direction they both might be going in the mid-long term: My TPI on BTC is super bullish on the 1D, it is at the value 1, which is the most buillish it can be, this means we are still bullish for the mid-term until we see weakness in the Trend Probability Indicator. When it comes to gold, it's actually the same story. We are currently in a time where people are losing trust in the financial institutions. This means that these stores of value, in the short-term, will have to push a bit higher, because demand for these is up! Notice the correlation between GOLD and BTC is roughly 0.59 at this current time, which is actually higher than some altcoins! I'd love to hear your thoughts, give me some contructive critism!
INDEX:BTCUSDLong
by IkkeOmar
it's time to falling for APEUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: 4.8165 Target1: 4.9190 Target2: 4.9850 Target3(Final Target): 5.1001 Stoploss: 4.6163 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more don't forget do comment and like my idea doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444
Bullish Long-Term Bitcoin Forecast - March 2020 LONGThis is the long-term play I see for Bitcoin. Fiat currencies going into negative rates makes cash the biggest hot potato asset on the planet. Scary to think about... but I believe that cash will need to find a home somewhere, and crypto is the speculative bet of choice. I also like gold and gold miners. What you see in white on screen is the previous market cycle for Bitcoin (2014-2018) layered on top (for visual purposes). Good Luck.
BITFINEX:BTCUSDLong
by Lorenz_Capital
2
BTC - Back to 20k?!BTC - Back to 20k?! You either going to love this or hate this but I think we should re-visit the 19-20.5k areas, now what I think really doesn't matter. However, the technicals is what really matters. If we don't stay above this elevated areas 19-20k but if we get bulls above and go above key resistance sure 25k easily but we do have FOMC this week and that is critical like I've stated many times no one really knows the definite outcome of FOMC and it is same as technicals but when you create edge you have mental support but right now FOMC that's coin flip event it's messy if you buy or even sell now you just get frustrated because you're stuck in this range. I've done this many times myself and I still do at times. Also,reality those who follow signal providers that's not real trading, that's just you wanting to get rich quick thinking trading is some kind of side hobby when it's not. Now in front technically we know the levels where bulls can gain control and bears can gain control. You can even get a better view on daily but I wouldn't be surprised if we revisit 20k areas however, even if we get break above or below - I will be making sure it isn't a fake break out etc either direction and that's when your own trade plan helps. When becoming a professional trader you have a plan and you execute with that plan. The 'wannabe' trader either usually follow signal provider or listening to outside noise. That won't help, unfortunately I haven't came across a successful trader which hasn't had yrs of struggles or there own trade plan. Not every trade plan is the same, that's what makes trading amazing, there no one set way. You can to choose the way you want trade by creating your own edge! A great trader once stated ' Trade what you see, not what you think'. It's important to keep your emotions in check at all times, you must be strong to ignore the noise. Have a great week ahead, Trade Journal
COINBASE:BTCUSD
by Trade_Journal
2
Which a way, ADA?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Doesn't take an Elliottician to see that ADA is a potentially tough, previous support turnt resistance. Looks like the levels have been reacting nice as well. SO, if it decides to retrace, looking to these levels...and confluence with Elliott wave, algos...all that good stuff. If it breaks above, great! Turn this level back into support! Cheers!
Short
by CryptoKnee
1
REVAIN : TRADE CHARTREVAIN showing since today since some hours ago a trend view that could be interesting for the coming time Since the full market is into breakdown and stability it is always good to see first some confirmations on any coin. This is only a view chart, to check if there are confirmations coming on it coming time. If yes, then it would be interesting. Most coin markets are not in movement at this moment. Until now there is no confirmation for long at this coin, but the reason for this view is that this coin able to make confirmation coming time.
RLong
by Goldenbreakout
Weekly Momentum On Major Pairs (Week 47/2022)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Neutral/Slightly Bullish Gold & Silver: Slightly Bearish XXX/JPY: Very Bullish Stock Indexes: Slightly Bullish BitCoin: Bearish
by SonicDeejay
XRPUSD Aug 2022 W.1: Medium-term trend!Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a bullish counter-trend signal that's derived on the monthly time frame. If you look at the monthly, you'll see that the price closed with a bullish reversal candle pattern that represents the huge double tops accumulation phase. The patterns neckline was previous bearish broken and not retested together with other key levels. Usually, when the price broke and didn't retest key levels and closes with a reversal candle pattern that faces the targets. it trends or counter-trend to them. With that said, let us take a look at how the bulls and bears will trigger our trade and dis-confirm it. Bull: -If the price bearish spikes the 50 and 8 m.a's with a bullish reversal candle that's followed by a bullish break and retest of the Mini Weekly Neckline, that would trigger our trade and confirm the monthly's counter-trend signal. I call this type of trade signal a "Double Bottom B-E.2". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the 4H Neckline 3 together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade, and we'll wait for another set-up. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji.2k1
BITFINEX:XRPUSDLong
by Doji-2k1
RSI broke out downside in weekly; waiting for the close.As you can see RSI is breaking downside. Looking at the macro conditions here, BTC can fall to the next strong support at 12k. No one can be sure if that happens or not but seems possible now. If you see my previous published charts we almost hit the target so I bought 20% of my BTC there. Now, will buy the remaining at around the 12k zone (50%), and then I'll be DCAing just in case the market leads the BTC to go down further, highly unlikely but def. not impossible.
BITSTAMP:BTCUSDShort
by The3eyedFrog
1
Bears Aren't done yet ETHEREUMHi Traders, ETH/USD Is showing pretty simple price action today, Yesterday price has tanked and broke out of support with very strong momentum. I love that the resistance has not been retested as yet which will give me a chance to participate in this move if price pulls back. Looking at how price has moved before the breakout, we can see that the support of 1735 Has been respected multiple times before it actually broke out. it also created lower highs each time which essentially created a triangle. Now that price broke out of it we can expect a retest and continuation to the downside. Apart from the technicals, the current state of the global economy has brought lots of uncertainty and many investors are selling out of fear. This could fuel price to tank way more than my current target. I will go into more depth about the global economy and how we can capitalize on the fear of others in the next few months. For now, let us enjoy the fact that we can make money in good and bad times. Have a great weekend and keep pushing to get better. Renaldo Philander
COINBASE:ETHUSDShort
by Tradebudz
Bitcoin Market update#Bitcoin has been ranging from the last few days between $31.3k - 28k, if we flip the above resistance zone of 31.3k - 30.5k level, we could see #Btc price head towards 34.1-35k zone and possibly continue towards 37.5k - 40k. This zone is likely to act as major resistance since its untouched supply on the daily and could predict a lot of sell order flow coming in from trapped and fresh traders.Hence pushing price aggressively down to $25k and below. The other scenario is if we break 28.9k - 28k critical support zone, #Bitcoin could fall all the way down to 17k- 20k, which is the next support zone. The chances of this happening is less likely but we need to consider when to be bullish and bearish in the short term in order to get best entry levels while trading.
by CryptoBlanco
1
ALTCOINS Holders should be happy with BTC increase, but when?BTC moves the most crypto markets, and yes, you have here and there sometimes a coin that increases by itself for example depending on high volume, as good news, or new futures or a whale interesting and more reasons. The title says when? nobody will know 100% when - with data, we can count the chance. But the main trend will stay that BTC is the coin that has the most support for all coins. The question can be: we see BTC increase, then after some time it breakdown again, when do we have more chance to stay into the increasing trend? There is no 100% guarantee in treading, but a price target of 32600 could support the price action to stay positive, so those holding altcoins should hope for this BTC price action. this does not mean a hope that it will happen, but if it hit that price again that BTC can enter into a new range, and with time we will see or we are going to hit this target. Historical study of BTC did shows that 30K did get before more respected, also known also Elon musk place, so more whales interesting also in 30K, we will see how this time it will play out. Thanks for reading this small view about BTC, and the important 32600 target.
Long
by Goldenbreakout
1