Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

CR7_Freak

Is Bitcoin a Better Investment Than Gold?

Recommended Posts

freak,

 

That is the best Forex article ever published on TL. Thanks a lot.

 

actually neither gold nor btc are investment vehicles...

 

as trades

bitcoin is easier... btc is essentially a digital bearer bond.

over the next few years - btc has more upside potential in terms of USD - and also way more downside potential

ie btc offers a better variance trading opportunity... gold offers a better safety opportunity.

 

jmo

Share this post


Link to post
Share on other sites

Functions of money:

 

1. Medium of exchange;

2. Unit of account: Money is the common standard for measuring relative worth of goods and service;

3. Store of value.

 

Through history, several forms of currency were used (salt, rocks, shells, etc.), but only silver and gold were able to simultaneously and for long periods of time perform the function number 3.

Share this post


Link to post
Share on other sites

(first - reiterating that gold is not an investment...

and that bitcoin is a trade not an investment - unless you're mining properly,

etc, etc etc)

 

... anyways, here's an interesting consumer level tube re btc (best run at 1.5 speed btw)

 

https://youtu.be/91oot6hKbx4

Share this post


Link to post
Share on other sites

We can conclude some better answer to this question : "Is Bitcoin a Better Investment Than Gold?" if we go through the past five year charts of both these commodities.

Share this post


Link to post
Share on other sites
We can conclude some better answer to this question : "Is Bitcoin a Better Investment Than Gold?" if we go through the past five year charts of both these commodities.

 

aim, if you parrot fake narratives you most likely believe false narratives... (just sayin...)

Again - Neither one of them has been a "investment"... ie

 

I "go through" the charts and still conclude that btc has been a better trading instrument than gold over the "past five years"... not a better "investment". Neither one of them has been a fkn "investment"...

 

otoh, folks

aimhi er and Buy

BuyBy

 

btw

 

Cryptocurrencies do not have ANY limits on supply.

 

...

 

The individual chain's are not secure.

The chain's are not unhackable.

...

and ... btc,etc is easier to manipulate than the yen, or yuan, or dollar, or peso, or pound

 

etc... ie

they (all) become cryto's

 

so far for me the best play is trade old crypto's (before they (all) become cryto's)

for new crypto's ...

 

Can Social media for3cast the foochur ?

Share this post


Link to post
Share on other sites
aim, if you parrot fake narratives you most likely believe false narratives... (just sayin...)

Again - Neither one of them has been a "investment"... ie

 

I "go through" the charts and still conclude that btc has been a better trading instrument than gold over the "past five years"... not a better "investment". Neither one of them has been a fkn "investment"...

 

otoh, folks

aimhi er and Buy

BuyBy

 

btw

 

Cryptocurrencies do not have ANY limits on supply.

 

...

 

The individual chain's are not secure.

The chain's are not unhackable.

...

and ... btc,etc is easier to manipulate than the yen, or yuan, or dollar, or peso, or pound

 

etc... ie

they (all) become cryto's

 

so far for me the best play is trade old crypto's (before they (all) become cryto's)

for new crypto's ...

 

Can Social media for3cast the foochur ?

 

 

Looool man any HYIP or cryptobubble overshadows traditional regulated instruments in terms of return. The point is they can't be considered instruments because using it to make a killing shot to your head has absolutely no sense.

Share this post


Link to post
Share on other sites
Looool man any HYIP or cryptobubble overshadows traditional regulated instruments in terms of return. The point is they can't be considered instruments because using it to make a killing shot to your head has absolutely no sense.

 

fxe, you're making less sense than zdo... got a few minutes to rephrase that jewel of a post?

:)

Share this post


Link to post
Share on other sites
fxe, you're making less sense than zdo... got a few minutes to rephrase that jewel of a post?

:)

 

Yeah I sure :)

 

What I mean is

 

there is a big pitfall when seeing monthly return is 20, 30 100%, people stubbornly don't want to take into consideration risk. We are all doomed to fight with our installed by default light-headedness.

Share this post


Link to post
Share on other sites

 

What I mean is

 

there is a big pitfall when seeing monthly return is 20, 30 100%, people stubbornly don't want to take into consideration risk. We are all doomed to fight with our installed by default light-headedness.

 

bad class project...

 

A trader’s cryptocurrency portf. is up over 1200 % this year to date. It’s unleveraged.

 

His automated FX trading is up 60% this year to date. It’s leveraged 50:1. Margin used for the account this year has run from 0.5 to 16% of NAV .

 

Capital gains are the primary goals of these accounts ie

Safety and security goals are relatively low for both ‘accounts’ ie willing to lose it all in the crypto trading... and willing to lose 60% of capital in FX trading

 

Which was the better ‘trade’ ?

 

If you were starting up, how would you allocate your capital between these two ‘trades’ ?

 

What critical information was not discussed in the above cases?

 

CryptoCurrencyChart - Custom Chart

Share this post


Link to post
Share on other sites
bad class project...

 

A trader’s cryptocurrency portf. is up over 1200 % this year to date. It’s unleveraged.

 

His automated FX trading is up 60% this year to date. It’s leveraged 50:1. Margin used for the account this year has run from 0.5 to 16% of NAV .

 

Capital gains are the primary goals of these accounts ie

Safety and security goals are relatively low for both ‘accounts’ ie willing to lose it all in the crypto trading... and willing to lose 60% of capital in FX trading

 

Which was the better ‘trade’ ?

 

If you were starting up, how would you allocate your capital between these two ‘trades’ ?

 

What critical information was not discussed in the above cases?

 

CryptoCurrencyChart - Custom Chart

 

 

And again...

 

1200%, 10000% 100K% profit on portfolio this year, this all like winning a lottery. He just caught the wave. That's it. What I mean this portfolio gains was single experiment carried out which you can't repeat (so measure statistically) to say what is his results on distance. Building serious portfolio solely on people rush and greed is crazy.

 

With same success..

 

Parse information on all High Yield Investment programs (HYIPS), build distribution find average of their life (10, 20 30 days) and you can consider it similar investment opportunity. Its also built solely on people interest to become rich.

Share this post


Link to post
Share on other sites

In my opinion, the thread starter might have got his answer and hats off to those who bought bitcoin in the last few months as it is around 7000usd now. I am also trading in on my hotforex broker and i am in profit on my longs, i didn't shorted it because i think it still have a bullish pattern and we can go further on long terms.

Share this post


Link to post
Share on other sites
It’s often worthwhile to look at things from an ‘energy’ (cost) perspective ...

 

https://srsroccoreport.com/bitcoin-vs-gold-which-ones-a-bubble-how-much-energy-do-they-really-consume/

 

Especially when in Russia 1 KWt costs around 1 cent. And its tariffs for citizen for factories it's even cheaper.

 

Maintaining bitcoin facilities or mining is not a problem from the standpoint of energy costs. At least till we have coal electricity stations

Share this post


Link to post
Share on other sites
In my opinion mining is not any feasible option these days however we better can earn good returns on our investment by trading bitcoins against USD or EUR.

 

Could you suggest any brokers that accept bitcoin deposits and offer mirror contracts on BTCUSD (no actual bitcoin holdings).

Thanks.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.