The bitcoin effect on other investments

[Lagazine]

It’s quite obvious now that a lot of investors are endorsing cryptocurrency most especially bitcoin and they’re also investing huge sum of money into it. This has a negative effect on other type of investments such as gold, silver, stocks, diamond and others.
Recently J.P. Morgan strategists revealed that gold value depreciated this year since decades of years cause of the demand of bitcoin. Less investors is investing on gold and other investments.
Do you think the demand for bitcoin will cause the greatest downfall of gold?
How do you think the governments will react to this?

Bitcoin has a lots of effects on other investment. Most businesses are now going online to make things happen. Cryptocurrency, not only bitcoin has an effect on business investment, but other coins. I believe Stellar Lumens will do the same in future.

 

[ahmedo24]

As many people are docking towards investing in bitcoin and other Cryptos, you are right that gold investors may reduce, but I don't think the value monetarily or significance can ever reduce. Some believe in bitcoin but still have a stronger belief in tangible assets like gold.

There is more believe in gold than bitcoin no doubt about that but recall the force of buying and selling also determine the price of gold, if the buying pressure reduced the price will reduce. Let see as things unfold

 

[Kamon c4]

There is more believe in gold than bitcoin no doubt about that but recall the force of buying and selling also determine the price of gold, if the buying pressure reduced the price will reduce. Let see as things unfold

The trust in gold increased the way the trust in bitcoin is increasing. The rate of volatility of bitcoin made it an investment that earns you high returns in a very short time. From the 2020 stock reports, bitcoin yielded 342% increments while gold was 24% . That’s to show you the demand for bitcoin is fast rising and it has affected the gold market badly

 

[Patrik]

It affected them so badely for sure, because of the quick and easy profit it offers, it attracted and stole investors from other platforms and websites, because it keeps increasing and gets people profit with no effort

 

[Damismiling]

It's no news that the investors of gold are gradually moving to investing on crypto currency, the reason for this could be the increase in it's value on a daily basis, this as encourage many investors to consider crypto currency

 

[tuna89]

You are not far from the truth, investors always prefer commodities that can be bought singly in small amount, btc has been able to achieve this unlike gold. Btc has some advantages as regards currency, investors have integrated btc as a mode of payment online as well as for commodities trading, expect a huge success in the crypto world.

 

[Nurudeen]

I don't think the high demand of Bitcoin will make gold to crash because Bitcoin isn't stable. You can make money in Bitcoin today and the next day you lose 50% of the money if there is a retracement in the market. I have seen this many times that's why I can't vouch for Bitcoin.

 

[Abibatabosede]

I don't think bitcoin would have much effect on other investment.It is true that a lot of investors are increasing their investment in Bitcoin due to the rate at which it value shoot up but we still have so many who invest more in stock and other investment because they try to avoid total loss.

 

[Dowenship]

It’s quite obvious now that a lot of investors are endorsing cryptocurrency most especially bitcoin and they’re also investing huge sum of money into it. This has a negative effect on other type of investments such as gold, silver, stocks, diamond and others.
Recently J.P. Morgan strategists revealed that gold value depreciated this year since decades of years cause of the demand of bitcoin. Less investors is investing on gold and other investments.
Do you think the demand for bitcoin will cause the greatest downfall of gold?
How do you think the governments will react to this?

This Is really intriguing. However i believe that no matter how people invest in bitcoin, gold investment won't back down, because its physical and is a treasure which is a natural phenomon.
As long as we keep using gold to build our day to day materials, I believe it won't die down just like that

 

[Aniwhyte]

I'm currently not happy now as I woke up this money to see that all my coins on my luno wallet has reduced drastically, i lost 18k total. And until this very moment as I'm typing this they are still depreciating. This is really so pathetic.

 

[Kamon c4]

I'm currently not happy now as I woke up this money to see that all my coins on my luno wallet has reduced drastically, i lost 18k total. And until this very moment as I'm typing this they are still depreciating. This is really so pathetic.

Almost all cryptocurrencies dropped from Friday - Monday. Bitcoin recorded a -11.7% decrease from 2days also ethereum recorded more than -7.8% from 2days. That’s part of the risk involved. You just need to move on.

 

[archahmad]

bitcoin has negative effect on other inveatment as more people withdraw there investment from others to start bitcoin trading. But everything has a time. Physical inveatment is the most secured you can see your asset

 

[Damscooguns73]

Concerning the effect of bitcoin to other investment. I think it has affected other kind of investment like gold, people now tends to shift to the bitcoin investment due to it rapid increase per day, many. investors know that they will get a better ROI in a short time

 

[Adebayonle7]

I think many investments are being forced to accelerate because of crypto. The level of involvement in the market and as it's making other investments and businesses put things in place to improve and also gain their ground is alarming. I feel it has more of positive impact on the market and industry.

 

[ahmedo24]

The stock market is seriously feeling the heat, this makes me feel that soonest there may be plot or ways to crash bitcoin market with Market capitalization of almost 1 trillion dollars, you can image if this huge amount is pumped in to stock market.

 

[Sotherefore]

very soon bitcoins will also turn to gold because they are all valuable and as a result why will people invest in gold when a digital cryptocurrency like bitcoins is worth investing on,I think this is a modern world and all form of old investment will know more be appreciated compared to the digital one we are doing and there is no way people can say to make me invest in gold because that's old and gold is an olden form of investment I'm just trying to embrace the new one.

 

[BrolySSJ]

I

It’s quite obvious now that a lot of investors are endorsing cryptocurrency most especially bitcoin and they’re also investing huge sum of money into it. This has a negative effect on other type of investments such as gold, silver, stocks, diamond and others.
Recently J.P. Morgan strategists revealed that gold value depreciated this year since decades of years cause of the demand of bitcoin. Less investors is investing on gold and other investments.
Do you think the demand for bitcoin will cause the greatest downfall of gold?
How do you think the governments will react to this?

I have never thought about it in this way but you are right in saying so. For one to increase in demand and price the other has to fall in demand and its price as well and therefore this is what we are seeing with gold. I think that this is just temporary though. AS sooner or later people do tend to come back to physical and tangible assets and eventually there will be a healthy co exist market between gold and bitcoin.

 

[Highflyer]

Though Bitcoin is the best known and most highly valued cryptocurrency, its price fluctuations often correlate with increases and decreases across other forms of crypto — though there are exceptions.The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.

 

[Kamon c4]

I

I have never thought about it in this way but you are right in saying so. For one to increase in demand and price the other has to fall in demand and its price as well and therefore this is what we are seeing with gold. I think that this is just temporary though. AS sooner or later people do tend to come back to physical and tangible assets and eventually there will be a healthy co exist market between gold and bitcoin.

The world is changing and evolving. Physicality in business dealings is getting tamed by technology. The least best way to revive gold and other physical investment is by increase in demand. The fast rate of ROI on bitcoin has enticed tons of investors. Most investors don’t have to wait a year anymore before reaping profits on their investments. I beleuve the gold stock will have to do more as there other alternatives to it even for fashion and aesthetic purposes

 

[BrolySSJ]

The world is changing and evolving. Physicality in business dealings is getting tamed by technology. The least best way to revive gold and other physical investment is by increase in demand. The fast rate of ROI on bitcoin has enticed tons of investors. Most investors don’t have to wait a year anymore before reaping profits on their investments. I beleuve the gold stock will have to do more as there other alternatives to it even for fashion and aesthetic purposes

It is possible that gold will have to do more to compete with bitcoin and the other crypto as well, however when it comes to a technological asset that you may have, it van be dangerous because there is always a risk of hacking and so forth and therefore it is not very safe. With physicals commodities they can be kept safe in terms of a safe and so forth. But I do understand you point of view, and it does make a lot of sense to me.