The bitcoin effect on other investments

[Ehizzy1]

It might not cause the greatest downfall for gold i think , they would just be in form of separate investment units , but am very sure that the price of bitcoin might continue and would continue to increase as it is gaining more and more users

 

[Mawome]

Bitcoin is gradually taking over the market, I tell you everyone is now investing on Bitcoin, nobody is buying gold or silver anyone Bitcoin just knocked them out, I just pray that TRX should follow suit, so we too can smile to the bank too.

 

[Ebuka Stephen]

Well if you think of it people invest mostly in but coins cause of they know where their money can grow. To think of it people invest in gold cause of its stability and even if the investors increase i still think it would be stable

 

[Lyrrex]

Investing in Bitcoin is capable of affecting the price of Gold as rightly postulated by Jp morgan.
Alots of investors are already dumping Gold for Bitcoin because of how much profit they can make on it.

exactly that is what I was even saying that a lot of people are even dumping the old form of investment and are jumping into the new digital currency I don't see the need for people to invest in gold because it doesn't give much profit like cryptocurrency, do you invest in bitcoins ?

 

[Subhan abbasi]

I remember before 4 years one of my freind offered me 3 bitcoin in 100 rps but i refuse to take that because i thought it is useless but now its really a best investment and i thought about that mistake i have done. So its a good investment and no effect on other currencies

 

[Khezo]

Surely the sudden rise in bitcoin would really affect a lot of things take gold for example the rise in bitcoin would did value gold meaning more people would go into bitcoin than gold

 

[Nicklas22]

• Financial Loss.
• Limited Use.
• Block Withholding.
• Technology Reliance.
• Little Or No Regulation.
• Fraud.
• Cybertheft.
• The Volatile And Fluctuating Market. The price of bitcoin is constantly changing.

 

[Kamon c4]

I remember before 4 years one of my freind offered me 3 bitcoin in 100 rps but i refuse to take that because i thought it is useless but now its really a best investment and i thought about that mistake i have done. So its a good investment and no effect on other currencies

This is so sad. When opportunities pass you by you shouldn’t regret not taking instead open your mind and open new windows of opportunities. If you had taken the 3 Btc and bitcoin value didn’t increase what would you’ve done?

 

[maventiger]

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?

Government? Well bitcoin cannot be influenced by any government policies or decree to the best of my knowledge. Price mechanism dictates what happens in the bitcoin world the more reason most investors will like to store up some asset in bitcoin.

 

[Chumzy]

For now, I don't see a connection with Bitcoin and every investment form. I think it is important for some investment that re related to it in one form or another. Bitcoin will become like Gold, and as we know, Gold doesn't affect every investment.
We Should know more in time.

 

[Kamon c4]

Government? Well bitcoin cannot be influenced by any government policies or decree to the best of my knowledge. Price mechanism dictates what happens in the bitcoin world the more reason most investors will like to store up some asset in bitcoin.

Price mechanism? Bitcoin value doesn’t operate on any price mechanism. The demand and supply determines the price of bitcoin. Also there're some countries now that doesn’t allowed mined cryptocurries except for governmental use. For example Iran will use mined cryptocurrency to fund it 2021 budget inn exportation. That’s an example of governmental laws that may restrict bitcoin
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For now, I don't see a connection with Bitcoin and every investment form. I think it is important for some investment that re related to it in one form or another. Bitcoin will become like Gold, and as we know, Gold doesn't affect every investment.
We Should know more in time.

Well you just said bitcoin will become like gold that shows there’s every way in which bitcoin affects other investments. A lot of investors have settled for bitcoin against other investment scheme gold especially. If this continues a lot of other investments will be out of existence cause of its(bitcoin) high demand

 

[Nomad]

Actually, the price of gold increased in 2020. The price did not increase as much as bitcoin (in percentage value), but gold managed to improve. The growth of crypto market encouraged other markets to improve.

 

[Da ma]

Formerly bitcoin has a very high value and it determines the market value a lot but now since it has fallen in effect on the market value at reduced drastically year by making investors run out of luck

 

[Thinker009]

The government might not show too much reaction to it , considering the fact that gold is not a currency they control , but I think the development of Bitcoin is making gold look like old traditional investment

 

[Shigobad2020]

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?

Investment like gold, silver , stock and diamond are the first types of investment before the arrival of crypto currency, and since people starting investing in crypto currency, investment in stock, gold and silver has been going into extinction.

 

[Josemendez]

Investment like gold, silver , stock and diamond are the first types of investment before the arrival of crypto currency, and since people starting investing in crypto currency, investment in stock, gold and silver has been going into extinction.

Gold and stock are still much soaring in the market , it is just that their market Capitalization has reduced drastically with the coming of cryptocurrency.

 

[Ceeny007]

There is nothing new under the surface of this earth,gold also overtook something of value to be placed where it is so if it's time for Bitcoin then so be it

 

[Suba]

Of course there will be an indirect effect of Bitcoin on other investments because if the amount of money circulating in a country, mostly for long-term investments both in Bitcoin and Altcoins, the financial circulation will be disrupted, so it will have an impact on the prices of goods going down, including investments such as property. , stocks, gold etc.

 

[Heatman]

The cryptocurrency Bitcoin has a very huge effect on all the Alt coins that are in the market because anything that affects bitcoin will definitely affect other cryptocurrencies.

 

[HayKay]

I don't agree or even try to see reason with how Bitcoin would affect or be the death of gold. Gold has always been a luxury item and investment at that; it would continue being that way for years to come.