Bitcoin Becoming More Stable Than Gold?

[CryptoJeweler]

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

http://blogs.wsj.com/moneybeat/2016/04/ ... than-gold/

Thank you
CryptoJeweler

[iFixBTCmemoryIssues]

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

http://blogs.wsj.com/moneybeat/2016/04/ ... than-gold/

Thank you
CryptoJeweler

Bitcoin's price should have gained more by now!

[CryptoJeweler]

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

http://blogs.wsj.com/moneybeat/2016/04/ ... than-gold/

Thank you
CryptoJeweler

Bitcoin's price should have gained more by now!

Hi iFixBTCmemoryIssues,

Yes Bitcoin Price Passes $448.

Thank you
CryptoJeweler

[ctombm]

Gold's market cap is so large is what makes the market far more stable in comparison to BTC.

Gold Market Cap: $7.3 Trillion or $7300 Billion
BTC Market Cap :$ 6.8 Billion

It's liquidity that stabilizes markets.

In my opinion BTC will remain as a somewhat volatile asset as it is so infant in comparison to what we compare it too.

I believe bitcoin is getting more respect as its not pumping and dumping and the developers are making really exciting innovative decisions, many people in the financial sector that laughed at bitcoin in the early days will now be paying attention.

Bitcoin does not need fiat price stability to be successful it needs user/community confidence and to keep its core values that it was created on.

[Domrada]

Too Soon, Junior!