Gold is done vs BTC It's time to sell the steel and enter the real bearer instrument of the new era.
XAUTBTC trade ideas
Confirmation of the rise of gold and bitcoinThe price increase in the XAUt/BTC chart indicates the increase in the price of Bitcoin as the main currency in digital currencies and the increase in gold in the forex and metals market. This chart gives a long-term signal to investors that both currencies that make up this index will increase in price in the future. According to this, it can be concluded that the increase of gold will be done more strongly than Bitcoin
Bitcoin Versus Gold - who wins ?#Bitcoin is the Hands down winner. - there is simply no question about it.
And any trader will recognise this pattern on the weekly BITCOIN / GOLD chart
It is a bullish Cup and Handle
The % Gains Bitcoin has had over the last 18 months put Gold rise to its new ATH into shame.
And that is clearly seen by the chart above.
HOWEVER, Bitcoin by its very nature, pulls back and one way of preserving your gains is to sell out to GOLD and NOT A $ Stable coin. The $ is loosing value. Leave it alone.
You can use PAXG, a "Crypto Gold ", pegged to the price of gold like a $ stable coin.
PAXGUSDT and PAXGBTC are on Binance for instance.
You can also seel Directly to Gold on BotFinex sbhould you wish
Enjoy
SUMMER TIME : Sell BTC to GOLDEntry price: 0.033
TP1: 0.05
Reason: triple Support here & Gold already above ATH
Bitcoin and Gold on a hustle...BTCXAU is having a break on the 28.94 and now trading slightly above the broken price but in between 29.06 and 28.94, a close above 29.06 will push the price up to 31.10 and if the price remains below 28.94 and close below it then look for 25.02 as the next price target on this pair
HUGE moemnt for Bitcoin - BTC beats GOLD again - English FrenchOn the day where Peter Schiff , one of the Biggest supporters of GOLD, says "Schiff Gold makes it easy to turn fool's #gold into the real thing. Here's a link to the page that outlines the steps. So trade your #Bitcoin📷 for gold now, before the market runs out of fools, or the fools run out of money!"
For Schiff to say this, it is Amazing, He Will Swap his Gold for BITCOIN...
He has spent YEARS saying he would NEVER touch Bitcoin..Now he wants it
#BITCOIN Reaches over 34 ounces of GOLD per Coin.
Just look at the gaps between the candles now. They cannot buy #BTC fast enough.
Is it any surprise that the man that represents GOLD has finally crumbled and is noew hunting BTC.....
If there is anything that makes a BULLISH Case for #Bitcoin, It is SCHIFF GOLD asking you for your #Bitcoin
And Very Soon, we will have a supply "Crisis" with Bitcoin as there will be a shortahe of available coins. This Will be an interesting time as Demand is rising.....
Price is driven by demand....
BUY BITCOIN - KEEP HOLD OF IT
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Le jour où Peter Schiff, l'un des plus grands partisans de GOLD, a déclaré : « Schiff Gold permet de transformer facilement l'#or d'un imbécile en un objet réel. Voici un lien vers la page qui décrit les étapes. Alors échangez votre #Bitcoin📷 contre de l'or maintenant, avant que le marché ne manque d'imbéciles, ou que les imbéciles ne manquent d'argent !"
Pour Schiff, dire cela, c'est incroyable, il échangera son or contre du BITCOIN...
Il a passé des ANNÉES à dire qu'il ne toucherait JAMAIS au Bitcoin... Maintenant, il le veut
#BITCOIN Atteint plus de 34 onces d'OR par pièce.
Regardez simplement les écarts entre les bougies maintenant. Ils ne peuvent pas acheter du #BTC assez rapidement.
Est-il surprenant que l'homme qui représente GOLD se soit finalement effondré et chasse désormais le BTC.....
S'il y a quelque chose qui constitue un argument haussier pour le #Bitcoin, c'est SCHIFF GOLD qui vous demande votre #Bitcoin.
Et très bientôt, nous aurons une « crise » d’approvisionnement en Bitcoin car il y aura une pénurie de pièces disponibles. Ce sera une période intéressante car la demande augmente.....
Le prix est déterminé par la demande....
ACHETER DU BITCOIN - LE GARDER
Bitcoin VS Gold = Bullish I decided to show this chart (and signal) considering all the global geo-political & economic situation - right now.
The better hedge game is ON
Any comments on this issue are highly appreciated
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Cryptocurrency vs gold: Precious yellow metal and bitcoins are two assets that are independent from the government. Both gold and cryptocurrencies are limited assets and hence prices of both of these assets appreciate or depreciate based on its demand and supply. As cryptos have been giving stellar returns amid uncertainty in regulations, there is a debate going on whether gold would lose sheen in race against bitcoins.
Speaking on similarities between gold and cryptocurrencies; Manoj Dalmia, Founder and Director at Proaasetz Exchange said, "Like gold, cryptocurrencies are also a limited digital asset as there will never be more bitcoin released. This makes bitcoins similar to gold in terms of scarcity. Unlike fiat money, where bank deposits can be depreciated due to inflation controlled by the government, both bitcoins and gold are independent from the government."
On how cryptocurrencies may give run for money to gold in asset segment; Vinshu Gupta, Founder & Director, Nonceblox Blockchain Studio said, "For long Gold has been the defacto hedge against inflation. It can be stolen, need to be stored and would usually need maintenance. It was one of the few trusted investments for old money but not anymore. Investors have started to look at bitcoins as future gold. It is purely decentralised, has no storage or maintenance issues and can't be stolen. Calling it only a hedge might not be full justice, I would rather call it the most lucrative asset on the face of earth and mars."
Vinshu Gupta went on to add that Cryptocurrencies median annual RoI (Return on Investment) is 408 per cent. "When we compare it with 5-7 per cent rate of inflation, bitcoins not only hedges your position but generates wealth for generations to come," Vinshu Gupta said.
Asked about cryptocurrency vs gold and better choice for hedge against inflation; Amit Gupta, MD at SAG Infotech said, "Many institutional investors seem to be turning to bitcoins, conceivably viewing it as a better investment option than gold, especially when it comes to hedge against inflation. In April, crypto exchange platform Coinbase revealed in its first-quarter report that the company hosted $335 billion worth of trades in that quarter, with more than $215 billion coming in from 8,000 institutional investors." Amit Gupta said that these deep-pocketed investors were encouraged to invest in bitcoins and other similar cryptocurrencies because of their inherent protection against inflation.
---- Credits to www.livemint.com
BITCOIN VERSUS GOLDThe Chart is possibly one of the most important to me right now,
While everyone is waiting for Bitcoin to push back up and be the "store of Value" that everyone needs in this age of unsettled Finance, the old School is still saying that GOLD will do just that, as it has in the past
The main difference between the two is that People Jump for Joy at a 10% increase in Gold Price over years while BTC has already seen a 100% increase since January alone.
This is clearly visible in the Chart as we see the increase in BTC price over XAU Gold
But as can also be seen in the chart, is PA has been rejected off the 236 Fib retracement line, Classid resistance
It also must be said that when BTC drops, it doesn't do it by halves, with the -80% drop from its ATH. THIS is when Gold was the better option
But right now, we have GOLD/USD showing Gold up against a tough line of resistance and the BTCUSD chatry showing BTC with low Volume.
Andso, This chart, shows us who is the better option when DXY $ Begins its next phase of descent, Which it Will do
Trade safe Guys and Gals
