Over five months after bitcoin and gold costs hit equality, bitcoin is presently worth almost three fold the amount of as the more customary store of significant worth.
The cost of bitcoin came to another high above $3,400 amid the present session, an assume that was more than $2,000 over the cost of gold. At squeeze time, the valuable metal was exchanging for $1,257 as indicated by a spot swapping scale gave by Bloomberg.
In general, it's the most recent sign that the digital currency resource class might be developing according to an inexorably proficient arrangement of financial specialists – prior today, the aggregate estimation of all traded on an open market cryptographic forms of money set another untouched high, transcending $117 billion surprisingly.
In any case, while to a great extent emblematic, the finding is remarkable given that bitcoin aficionados have since quite a while ago contrasted the computerized resource with gold, contending that it is a more viable store of significant worth because of its advanced and provably limited nature.
All things considered, it stays hard to decide if the two resources have any relationship in the market, with past endeavors to draw a connection to a great extent coming up exhaust.
A CoinDesk report from July of a year ago found that, regardless of the reality they are both viewed as places of refuge, there is not really any closeness in showcase developments.
Gold bars picture by means of Shutterstock
..and going higher..MUCH HIGHER
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I am looking forward to that so take a hold of your bitcoin.
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Gold is of the old
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Great to see the rise! I wish I had known of bitcoin years ago! I'm just learning crypto!
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Yeah, we have the same thought. But on my side. I was introduced to bitcoin year 2012 yet I just ignored it. Never thought that it is real. And now I am suffering from that regret.
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Well you're still ahead of the 99%! That's a nice turn around / half full way of looking at it!!
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Yeah, You are right about that. Good thing I was able to discover it before it soar up to 20,000USD.
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Exactly!
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It still makes me a bit nervous. I am bullish on Bitcoin and crypto, but I do wonder sometimes if it could all collapse one day.
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Best suggestion is when ever you profit from trading or any other ways of gaining it withdraw the 50percent and bank it.
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Good idea. Or I could put 40% in cash and 10% in gold. Just kidding.
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Wahhaha! and buried the gold and let stay for 10 long years.
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And tell people it's buried somewhere crazy and give them strange clues to find it, and watch them all go looking for it and never be heard from again!!!
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hahah! Till such time gold will no longer have value bcoz bitcoin is already very known and loved by all people.
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Ha ha, I like the comparison (and the catchy headline), although it may be somewhat arbitrarily defined.
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Yeah, in some ways it is. Thanks for your precious time reading my post. I Appreciate it!
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It is the future of money. The government cannot call in all Bitcoin bullion like they did with gold. In 1933 they stole all of our wealth. Then with the gold standard abolished wealth entirely, leaving us using a fiat system of valueless "legal tender" or paper money.
This is a revolution. A reminder that the people have the power.
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Yes, That is so true! And one good thing about it is that no one else will manipulate or hold money for you except you. No paper transactions or any kind of it needed, no interest when you deposit or withdraw your own money. And It will take only minutes or a couple of hour to get it depending on the blockchain confirmation of course. Thanks for your time!
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Its crazy how bitcoin is soaring right now after the bitcoin cash fork. Great article @coinbank
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Latest update, as of this moment BCH/BCC's value is 400flat USD and Eth is 266.30 USD
It rises from 150USD to 400USD making Bitcoin cash second to the highest cryptocurrency of the moment.
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I sure wish I had bought years ago when it was cheap.
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Same here, If only that time when 1BTC is only 3.50USD I should have invested on it. Pretty sure we are still lucky than of those 90% people who havent know anything about it or thinking of it as a scam.
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Very well said and am sure bitcoin and a few other crypto currencies have a bright future. This is just the beginning. Cheers
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Cheers on this! 1 Bitcoin now is equal to 3463.49 USD.
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How can i hv a bitcoin wallet
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-There are many ways to earn bitcoin. Some people are investing for it. They are buying bitcoins and sell them when bitcoin's value move up.
-Some earn them through different faucet applications. Meaning they are gaining btc using free apps and withdraw their bitcoins upon reaching the minimum allowable withdrawal.
-Some others use sites where in you only need to advertise your post or anything you like to promote and when someone click the site you are promoting you will earn cents in dollar.
-Also other Bitcoin users profits and earn bitcoin by doing some typing job(typing Captcha). Every Captcha they type cost some coin.
-Other people wage them through gambling. There are different legit sites that offers their service for free, no investment needed(meaning you dont have to pay any amount even cents when you use their gambling site.) When it comes to money or currency that you are going to use, you dont have to worry because they will provide it for you just to play and wagered.
If you want to know those sites watch my youtube video. Those sites are posted on the description.
here is the link to my video on youtube.
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Bitcoin is the future of currency, It will replace the USD and all other crypto currency will replace other local currencies.
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Yeah! You are right! And it is far way better than physical money.
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This post has received a 100% upvote and a resteem from @melowd thanks to: @coinbelly! For more information, click here!
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Thanks Melowd!
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We think alike! Upvoted!
My analysis nailed the recent Bitcoin Cash bottom and rally. Check it out:
https://steemit.com/@haejin
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Really dude? Thanks for that! I have some Bitcoin Cash in my exchanger and im still holding on to it. Just waiting for it to soar high.
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