The scale of the chart is reversed. Given the price behavior and past years, gold will be more superior to bitcoin . This chart is only for comparing the ratio of these two assets.
Just had a look at XAUBTC, and could only fit 5 years in a chart, and Gold lost nearly 99% against the BTC astronomical rise, if you go 10 years, the lag is nearly 100%. Now my guess for the real inflation is about 15% per year for the past years, from now more than 20%p.a. Gold did gain nearly 60% in the last 5 years, so you could say it does keep purchasing...
As we can see bitcoin has been slowly winning agains Gold spot, to see this continue I think we may see some parabolic movement against gold. Historically gold has allways been the main non inflationairy asset, but hodlers are increasing and gold is seen as the old man option. The use case of Gold vs Bitcoin is a clear one too. Gold is a heavy block of metal,...
This graph tells me to sell BTC and buy GOLD. Time will tell. Not an investment advice..
I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :) I think Bitcoin will pass Gold's market cap and it will be soon. Note that this target is just approx. and may not be reached exactly! But it may goes around ~ 250k $ to 500k $ After hitting this ATH, I think the previous two...
If you're not careful, your government can confiscate your gold. Moreover, it can probably do so without compensating you. The United States, British, Australian, and many more governments have all done this within the last 100 years. So the clear answer to you all, can the government confiscate your gold is yes. Conclusion is, if the banks go to failure again,...
ICP - XAUDBTC When Gold get les worth btc more ofcours. Icp turns out to be a good lower in the market. That means a lots of potential for those who understands, just like Ethereum and Bitcoin.
Hi everyone Investing in Bitcoin(BTC) will have much more profit than investing in Gold. Notice the accurate movement of gold/bitcoin chart in the downtrend channel and its Reactions to the midline of the channel. Meanwhile, Static Support & Resistances are working properly. XAU/BTC may reduce About 89% in the next coming months as you can see in the chart. Now...
When gold lowers you flip to btc, when btc lowers you flip to gold. I'm wondering how many people got rich this way, not to forget how much btc is boutgh back in the time by those who realized this way before me.
Pax Gold is forming a very bullish pattern and is likely to bounce after 100EMA retest, maybe even break-out later. Also, support could break-down because of Bitcoin bullishness, but let's take that trade as a crypto hedge! Current Price= 0.04853 Buy Entry= 0.04820 - 0.04660 Take Profit= 0.05374 | 0.05814 | 0.06650 Stop Loss= 0.04231 Risk/Reward= 1:1.25 | 1:2.11...
SHORT BTC !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Helle dear traders, Everything is marked on chart! Please like and share. Thank you.
Gold is an interesting chart to use for purpose of calling bitcoin tops and bottoms, and conversely when to buy gold. XAUBTC looks to fall around 30% more for buy zone
Seems in two moths one will need to pay 6 KG Gold to get one Bitcoin.
Comparing the longest available Bitcoin chart (Bitstamp) on Tradingview with IDC gold price. We went from 0oz-0.1oz. From 0.1oz-1oz From 1oz-10oz. Now we are on our way to 100oz/btc. Will we be able to reach this ratio? What do you think? 1000oz/btc next? 🚀
One more move down... and one more very last move down... and one more... But then, at some point, there's just BOOM!!... and the upward slingshot movement starts! Or am I looking at this the wrong way? (Note: we are looking at the Weekly chart)
... the Gold/Bitcoin ratio. Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is? It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting. To explain it simply, if the blue curve keeps...