Bitcoin Gold price today is $ with a hour trading volume of $9,,BTG price is down % in the last 24 hours. It has a circulating supply of 18 Million BTG coins and a max supply of 21 Million. Upbit is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as bitcoinlife24.de, bitcoinlife24.de, and btg. 1 day ago · The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos. BTCGold price today is $ USD with a hour trading volume of not available. BTCGold has no change in the last 24 hours. The current CoinMarketCap ranking is not available, with a market cap of .
Btc gold coin marketBitcoin Gold (BTG) price chart, marketcap, exchange markets and fundamentals
However, according to Austrian school economists, deflation is a feature of money; not a bug. Money that appreciates in value over time means that goods and services get cheaper.
Bad investments and debts can quickly be wiped out. And since merely holding your money increases your wealth, then money will be funneled into the most efficient uses of it possible. Any fears that businesses will suffer from low sales but also an inability to increase production is a contradictory one. Why would a business with slumping sales want to increase production further? When deflation is occuring, the markets are clearly signalling that savings is preferred to consumption, so there is no need to increase production at this time.
Additionally, people save so they can consume later. Liquidity traps are not an indefinite phenomenon since people must consume to live and enjoy their wealth. Attacking or manipulating these decentralized currencies is likely to result in financial loss for the attacker and an increase in perceived value of the asset once it resists the attack.
It is worth noting though that many beleive Gold and Bitcoin prices are manipulated on the exchanges that they are traded on. It's just that there is no way to attack these currencies at their sources, which is a characteristic that fiat money cannot boast. Multiple times throughout history, various fiat currencies have lost most or all of their value due to reckless government spending, monetary manipulation, and resulting hyper-inflation.
Gold can only theoretically be debased if a new enormous supply is found such as in an Asteroid or new revolutionary mining technology is discovered. These cases are improbable given current circumstances and hold very little counter party risk as control is largely outside the hands of a small group of individuals. Compare this to the interconnected and highly toxic financial assets and derivatives sector, where one countries monetary irresponsibility can have lasting ramifications on another see the European debt crisis.
The bank deposit confiscation in Cyprus, and the possible spreading to other countries, is another reminder that confiscation is still possible today.
Anonymity and privacy in how we spend our money is a worry that people are increasingly placing importance on. Bitcoins allow a bunch of illegal activity to take place, and that can indeed be a negative in certain cases, but it can also be a huge plus for those living under regimes.
Bitcoin has an even more speculative birth despite just coming into being some 11 years ago. A mysterious person by the name of Satoshi Nakamoto is the creator of Bitcoin. However before Bitcoin made it to the big time, this mysterious person or group disappeared from the forums where he was frequently spotted making contributions and since has never appeared anywhere.
Conspiracies suggest everything from the creator being a secret government organization to a group of people to some famous person. For Bitcoin, while the mining might not be physical in nature, the computing power needed to solve the mathematical problems that unlock new Bitcoins takes real world resources to generate.
Since value is subjective, nothing technically has 'intrinsic value', however the term is sometimes used to mean that a good can be used in some industrial setting. Gold certainly fills that definition since it used in jewellery and as a conductor in electronics throughout the world.
That's because Gold is a very unique element that is malleable, ductile, noble and non-corrosive. Bitcoin does not have an industrial use like gold so it cannot be said to have 'intrinsic value' in this scenario. Bitcoins can be rounded to 8 decimal places, known as a Satoshi, and there is room in the code to increase these decimal places even further.
Any amount of value can easily be separated, sent or received which provides immense convenience when used as a currency. Gold is also technically flexible enough to separate into many pieces like recent gold credit cards that can be breakable into little pieces called gold combibars.
We could have World War 3, colossal financial crises, or any external event that you can think of and gold would still be regarded highly.
There is also the possibility that Bitcoin will break due to an unknown bug or be out competed by better technology in the future. Bitcoins can be sent across the globe to a region with no banking structure at any time of the day for practically free - and that is something that no other major currency can claim to have at this point. Even gold coins have become nearly unusable because of their sheer worth and which is why even silver is often quoted as a better currency than gold.
Yet the differences also highlight the different purposes that gold and Bitcoin serve, with gold a good wealth preserver money while Bitcoin a better means of exchange currency. Humans and governments are proving incapable of managing money. Perhaps it's time to let more stable sources like nature gold and math Bitcoin have a crack at solving this mess instead of supposed human ingenuity that is susceptible to mistakes, manipulation, corruption, greed, and other selfish human characteristics.
Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. Should that come to be the case, it would require an enormous accelerated gain in value from Bitcoin from both a value point-of-view and a trading perspective.
The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years.
Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction. Bitcoin saw its first spike at the end of , marking its first cycle of increases. Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility.
Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar. As the US Dollar seems to drop, both Bitcoin and gold rise in value.
Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time.