Australian (ASX) Stock Market Forum

Bitcoin v Gold XBT : XAU

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Garpal Gumnut said:
Thanks to Xe, I have again been able to find some tasty charts of BTC/Gold.

They track how many ounces of gold it takes to buy one bitcoin. I enclose some daily to a yearly chart.

I don't discount crypto btw, it may have some value going forward but not at these prices for me, and I prefer the vibe of ETH were I to jump in. Gold has stagnated somewhat and BTC is in a longer term downtrend.

I mean to say you got to buy something when it gets very cheap when your gold bar starts to appreciate, if it does.

Interesting times.




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Oops the post and thread got hijacked a bit there.

It should never be forgotten that it all started with getting a pick and shovel and digging.

It would appear that digging for BTC is much more lucrative than digging for Gold atm.

gg
 
Garpal Gumnut said:
It would appear that digging for BTC is much more lucrative than digging for Gold atm.

gg
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And thus it continues. I thought for the benefit of members unfamiliar with the gold v bitcoin choice that I would post this article from the excellent Market Index to give an up to date advantages and disadvantages of investing in both.

www.marketindex.com.au

Which is better for your portfolio: Gold or Bitcoin?

#bitcoin #btc #crypto #election2024 #trump #fomo #btcusd #hodl #hodlers #diamondhands Bitcoin prices are surging, we investigate exactly what Bitcoin is and why its price may or may not keep rising. The gold price is faltering after gold was one of the best performing assets in 2024, we...
www.marketindex.com.au www.marketindex.com.au

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