Commodity Trade Mantra

All posts under ‘Bitcoin’

Could Central Banks Dump Gold in Favor of Bitcoin?

If gold continues losing value, could central banks dump their gold in favor of cryptocurrencies? Yes, I realize this is anathema to those who anticipate a gold-backed currency becoming the dominant form of centrally issued currency, but the idea of governments that have debauched their currencies building reserves of decentralized and limited-in-issuance cryptocurrencies may not farfetched.

Bitcoin Prices will Collapse once the Supply of Greater Fools is Exhausted

While bitcoin & its blockchain distributed-ledger technologies are amazing & will indeed likely change the world, they don’t justify bitcoin’s extreme vertical gains. Plenty of past bubbles were based on great new technologies too, but those prices still collapsed once the supply of greater fools exhausted itself. After skyrocketing so darned fast, bitcoin is certainly the riskiest major investment in the world.

Will Bitcoin make things Worse for Gold before they get Better?

While new, smaller cryptocurrencies and “initial coin offerings” continue to gain attention, the market’s more speculative gold mining stocks are taking a beating. Bitcoin is killing gold right now. We have no idea how long crypto-mania will last. But if the excitement surrounding bitcoin continues through the holiday season, we suspect things will get worse for gold before they get better.

Exiting Bitcoin to Enter Gold and Silver - Right? Why would You go the Other Way Around?

Sound money advocates who love the concept of cryptocurrencies but don’t want to abandon precious metals have been trying to clarify their thoughts of late. Selling out precious metals might be unwise if we consider that gold and silver prices are closer to their lows, and Bitcoin and the cryptos are reaching new highs. Analyse whether or not Bitcoin, the US Dollar or physical gold will remain money.

Gold Remains Preferred - Wild Volatility & Internet Dependency Weigh Against Bitcoin

Internet shutdowns and cybersecurity attacks compromise our democratic freedoms. When our democratic freedoms are threatened it means our financial ones are also at risk. So many investors spread the risk & hedge their bets against such events. However it can be rendered pointless if your management of your assets is reliant on internet access. Gold is as relevant here as it always has been.

Think AGAIN! - Is Bitcoin a Better Store of Value than Gold?

The bitcoin story has grabbed the trading and investing world’s attention like nothing else, hence the huge rise in its price this year. The root cause of the recent price plunge is a long-running conflict over Bitcoin’s failure to fix its most obvious flaws. But if we get a period of market stress then it could be time for the gold bugs to step up a gear as no one knows how bitcoin will react to a market panic.

Cryptocurrencies will Never Replace Gold for a Number of Good Reasons

Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin? Both assets, after all, are sometimes favored as safe havens. They’re decentralized and accepted all over the world, 24 hours a day. Transactions are anonymous. Supply is limited. But I don’t think for a second that cryptocurrencies will ever replace gold, for a number of good reasons. Here’s why.

World's Biggest Hedge Fund Manager: Bitcoin Is A Bubble, Gold Is Money

There are two things that are required for a currency. The first thing is that you can transact in it, it’s a medium of exchange. The second thing is it’s a store of value. Bitcoin today…you can’t spend it very easily. Unlike gold, let’s say, which reflects the value of money, its more stable than the value of money, bitcoin is a highly speculative market. – Ray Dalio.

Blockchain Revolution is Gunning for the $27 Billion Gold Market Trading

About $27 billion of gold changes hands every day in over-the-counter markets where settlements can sometimes take days, leaving price risk for buyers & sellers. Using blockchain promises more transparency, security & speedier deals. It also could attract new participants at a time when investors are souring on gold-backed ETFs, a key source of growth in physical demand over the past decade.

Why Cryptocurrencies Can Never Replace Physical Gold

Gold is rare enough to be a true store of value. There’s no danger of it becoming ubiquitous, even if a dozen super-high-grade deposits were discovered tomorrow. If ever the lights go out, due to an electromagnetic pulse, either as an act of war or through a strong solar flare, Bitcoin will vanish instantly. Physical gold, on the other hand, will still be there and ready to use as needed.

Gold or Bitcoin - What's more likely to be Valuable a Hundred Years from now?

If you were to ask me which I think is more likely to be around a hundred years from now, it’s gold… every time. Nothing has usurped it for millennia as a globally-accepted medium of exchange or store of value, and I don’t think bitcoin will do so either. Gold can’t be altered. Bitcoin runs on a protocol that can be changed. Gold has stood the test of time of thousands of years. Bitcoin is just beginning.

Stock Market Meltdown - Real Test for Gold & Cryptocurrencies

The real test for gold and the cryptocurrencies is going to come when the stock market enters bear-market territory. Gold provided a solid safe-haven during earlier financial crisis & will likely do so again. Bitcoin and Ethereum have the potential to do so, but they are unproven and carry additional risks. It all comes down to your risk tolerance. Do you want to shoot for the moon or want stability?

GOLD, SILVER or BITCOIN - Where Would You Prefer Investing?

Most investors who have been concerned about the massively inflated Bubble Markets and the Greatest Financial Ponzi Scheme in history, have been investing in gold and silver. However, a new kid on the block, called Bitcoin and the other crypto-currencies, have gained a lot of attention due to the huge increase in their prices over the past few months. So which would you choose to invest in?

Why Digital Safe Havens won’t ever Kill the real ones - Gold and Silver

Gold and silver are real & tangible assets, similar to currencies but unlike stocks & government bonds. Gold and silver are also durable with an effectively infinite longevity & thus completely different to any other assets & this gives them a prominent position as safe havens, and they are precisely what the likes of Bitcoin lack. Can the intangible assets really replace the tangible?

How the Blockchain and Gold Can Work Together

Gold-on-the-blockchain technology appears to hold great potential when it comes to making possible a world of digital gold money transactions. Governments use regulation & taxation to inhibit & even prevent unencumbered competition among monies. The evolution of the blockchain largely circumvents many of the obstacles governments put in the way of a free market in money.

Bitcoin Or Gold: What Is More Valuable?

Mr Ferrier is alleged to have told Mr Wright gold was good security in the event the ‘funny money’ of Bitcoin failed. In December 2013 Mr Wright filed actions in the Federal Court and NSW Supreme Court suing for his share of the gold, claiming the sum of $84.42m based on the market value of the alleged Bitcoin payments for the gold.

New Bitcoin Trend that Could Make You $100,000 Per Month

Bitcoin teller machines (BTMs) are going to become the physical backbone to a network of Bitcoin accounts that have been opened by over 1 million people in all 50 states & in nearly every city in the country. The first BTM to go live charged a 7% fee per transaction to the operator & made $100,000 in the first month alone.

You’re Missing What Really Matters About Bitcoin

Cryptocurrencies, of which Bitcoin is the first & currently the most important, are a revolution in commerce. Many things have started to change. Bitcoin is at the center of it & Bitcoin kids are the key. We can fight it, join it, dance, mourn, or simply defend our ignorance, but the time we’ve been waiting for stands before us, right now.

Government Attempts to Regulate Bitcoin - Will Fail

Whether or not the digital-currency of the future is BitCoin or one if it’s many competitors, the philosophical and technological leap to non-government, non-oversight currencies has already been made. That genie cannot be put back in the bottle. Only the government has not yet realized this.

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