Topic: Bitcoin is worth more than Silver (Read 775 times)

  Refugees fleeing their countries cannot carry their wealth across borders in the form of gold or silver. If the refugees are stopped and searched, they will be robbed instantly of their wealth. Conversely, refugees can remember the seed phrases (12 to 24 random words) to their Bitcoin wallets, cross dangerous borders, and access their wealth once they reach safety. That been said Bitcoin  is a better mechanism for escaping hostile regimes. Bitcoin has outperformed silver as a store of value 100 times over. The rest of the world is catching on and starting to price digital currency in real-time. Although cryptocurrencies have increased many times in the last few months, it is expected to continue increasing in US dollar terms in the coming years. Millions of people who had never considered digital currencies like Bitcoin as an alternative asset has become interested in the crypto bull run.
  Silver, cryptocurrencies, and other valuable assets should all be included in an investor's portfolio. Even with this in mind, there are certainly arguments for each side that make one a better investment than the other. So it not bad if you diversify your portfolio according to your wealth, owning silver or gold or bonds or stocks it just for your own good, because these are assets that will help you in the rainy days, Investment is all about timing and nobody can predict the future so it is important to buy what you can afford to lose. Remember that no investment is guaranteed so like I said above only risk what you are willing to lose.

That’s an insane achievement. 10 years back who has expected Bitcoins to grow so much big? It all happened due to the amazing services that we are getting from the Bitcoins. Due to the decentralised system provided by the Bitcoins we are able to hold our money independently. Hence this attracted many people to join the crypto world. And for this the marketcap of the coin grew so massively. After few more years I am sure that Bitcoins will break all the records in terms of marketcap value.

You wouldn't even think of how people take digital asset more serious than previous metal. People classified things according to how important and helpful it may be. Yes no doubt silver and gold are precious and unique, but do you know that the value place on silver and gold or diamond was as a result of people imposing the price on it, because of how they saw the value back then. Perhaps Bitcoin brought more solution to what was needed than Silver Gold and diamond in this generation. Each generation comes with discovery and new importance tech. If for no reason atleast one important of Bitcoin over physical assets is that Bitcoin can be send from wallet to wallet across the universe through a blockchain technology without a third party. because the third party needed is the node with an evidence of harsh. Bitcoin is also limited in supply and a great store of value which can last for decades with just having your pass phrase. Having a tones of Gold might be difficult for you to store it, but with bitcoin you may store a large portion of it in a wallet and hold your pass phrase. Although a new tech may come up with more important features In the nearest future than bitcoin which may surpass Bitcoin, you never can tell. assets is valued according to its important and uses.

We're talking about a total shift in the way we think about money. The days of gold and silver being the only game in town? They're fading fast. Bitcoin shows us that real value can come from incredible technology, from a network of people believing in something new. And hey, about 6 million Bitcoins are gone forever. That makes it even scarcer, which, frankly, makes sense why the value keeps going up.

Listen, this is about understanding the big picture. Bitcoin is changing how money works, how we think about whats valuable. The market's not lying, people see the potential. Now, Im not saying we ignore those lost coins, thats a factor. But we need to support Bitcoin, get on board with this revolution. Its the future, and frankly, its the smartest play right now

Bitcoin is more expensive than a lot of things in the world.

but bitcoin finally becoming more expensive than silver is no surprise as we have always compared bitcoin to gold even going as far as calling it digital gold. I think this shows how web3 or the internet in general has become such huge parts of our lives that it is becoming as valuable as literal elements on earth.

Bitcoin price is increasing very fast day by day, is it right to invest in bitcoin now or will the price of bitcoin dump in few days. I know that if we invest in bitcoin, money is safe but we have to invest it at the right time or we have to take a lot of risk.  Those who are very experienced in investing know when to invest. And those who are new often invest at the wrong time and put their money at risk.

Of course bitcoin is worth more than silver.  We can already see how quickly the price of Bitcoin is rising and how quickly it has risen during bullrun.  Bitcoin is considered as digital gold.  Bitcoin is worth more than gold and land in near future.  So we can say Bitcoin is more valuable than silver.

I guess this current bull run will make BTC investors to increase higher all over the world because, many people have seen what they have not see before in BTC investment and those that thought that silver is the best digital currency to invest, They have be convinced with the current price of BTC and many silver investors will surely invest some of their money on BTC when the bear run occur.

 Many countries have made BTC legal tender so that their citizens can use it to buy whatever they want to buy within the country and pay with BTC because they have saw many positive results from BTC than silver in their countries.

Agree with you that to surpass gold, Bitcoin needs a long way to go, but I think it won't take more than 10 years. The amount of Bitcoin supplied each day is less than the amount of gold mined each day, but the price growth rate of Bitcoin is many times higher than that of gold. And with the increasing usage and accumulation of Bitcoin, the growth in Bitcoin capitalization will be extremely rapid. As long as Bitcoin can ensure two factors: the increase of Bitcoin in the process of acceptance and use (this is happening extremely fast), and the stability of this market, I predict the market capitalization of Bitcoin could surpass gold in the next cycle.

Who says bitcoin is better than gold? of course from the two elements of investment ii has its own risks and benefits, where do you see it if it is more in your opinion? but if you are looking for a quick profit then bitcoin can be relied on by only being able to read the 4-year cycle in bitcoin of course you understand the time in investing in bitcoin. While with gold it is not like that, but gold is a tool to protect your wealth from inflation but it's just that physical gold is much more difficult for you to take away if there is a lot of it.

But yes so far the prospect of bitcoin and higher than silver is amazing and I am proud to own bitcoin, maybe in the future we will see that bitcoin is below the capitalization of gold.

Bitcoin has gotten a place in the investment that people do and if previously people see gold as the best investment potential now people are starting to pay attention to Bitcoin because their value continues to grow. Optimistic about Bitcoin's journey in the future but because this asset is speculative as a correction process and the increase will continue to occur, so that it will be quite interesting when the next ATH Bitcoin can exceed the highest price.

It is not dangerous when people can make investments in the long run and people will not be at risk when buying to hold. Because the strength of Bitcoin in the long run has been tested and what needs to be done is only patient even though the market has decreased sharply.

If there is a sentiment, the market may decline again so that the price of Bitcoin will be corrected again. For me personally is good because we can accumulate large amounts of purchases, moreover we have gained large profits from rising prices a few days ago. Sentiment and illegal Bitcoin in various countries do not make any impact on person who have long been in investment.

In fact, people consider every sentiment that occurs and the price beaten back down is a good momentum to buy. Because in this way person can make a large accumulation of capital that is slightly smaller than the DCA strategy that person do before.

I am pretty sure with the passing of time Gold will be surpassed too.The reason is simple while Gold you need a physical location to get it and have it although many futures/trading companies offer you the chance to buy/sell some of it and it is difficult to collect lots of Gold without being noticed while with Bitcoin you can collect a huge amount and no one to know thanks to the underlying technology that it has.

We truly are living in crazy times and I am happy to be living now than in 1800 for example   where everything is highly achievable thanks to the technology which has evolved dramatically in these last 24-25 years,I still remember dial up modems in the 2000-s.

Everybody know it right from time that bitcoin is valuable more than gold so that is why many people who is into gold investment left good and the entered into bitcoin investment, so I know very well that if you invest Bitcoin and also invest gold bitcoin will I give you more profit more than the gold investment that is why many people currently have the passion and love into cryptocurrency investment not even bitcoin only but other cryptocurrencies investment because they know that bitcoin is more reliable and more understanding than gold investment. Let me use myself as example if I give birth to five children and they are asked to direct them for digital investment it is only one that I will advise to invest in gold while the remaining for I will advise them to put in their money into a bitcoin investment

Bitcoin aims at a second position behind gold first and it will get that position if price of Bitcoin will be doubled from current price. I believe soon we will see Bitcoin jumps to the second position but it will be hard to maintain it in a next bear market.

Even so, temporarily achieve it in a bull run will be enough, as we know about history of Bitcoin. A bear market is harsh and bad for investors who bought around ATH, don't sell and stuck in a bear market but if they can hold a long time, they will see another new all time high that appears on bull market later.

It is good for Bitcoin to make noise and we are experiencing good sentiments for Bitcoin around the world. It is different than some years ago when Bitcoin was illegal, considered as a fraud but now, traditional market accepts it and SEC. approved Spot ETFs.

More bigger things will come with this continuous solid growth of Bitcoin and greed for new products from Wall Street.

It happens gradually and virtual assets like bitcoin can provide quite significant price spikes in the crypto industry. Bitcoin has achieved extraordinary success and people are starting to realize that this speculative asset can provide value beyond the capabilities of other existing products. The market cap of bitcoin continues to increase and it is the belief held by most people that bitcoin can beat the market cap of silver. Now people are increasingly confident in bitcoin even though there is speculative in its journey because the ATH shows a big change from existing predictions.

Gold and silver have much larger quantities compared to bitcoin and maybe people are starting to compare how bitcoin will develop in the future. If the highest ATH has surpassed the previous value from now then I am sure the next price jump will confuse people even more.

People always prefer that thing which give them huge return and bitcoin is more successful because of the demand for it. People are moving towards digital technologies so they wants to utilise their money and knowledge in digital asset rather than a silver. The success of everything become clear as the time passes so since the creation of bitcoin we have just experience its success therefore the number of bitcoin investor is increasing day by day.

Silver does not show such a huge success which has been shown by bitcoin and previously people were also not interested in bitcoin because they were not familiar with its success but now as people have seen the effects of ETF and have concept of halving so they want to get good sum of profit in some months.

The global popularity of Bitcoin is growing! Reaching the market value of silver is an amazing achievement. Although Bitcoin is seen by many as a virtual currency rather than a physical one, its potential for growth, security, and unity have drawn in traders.

Yes I also believe bitcoin capitalization value will surpass precious metal gold in future but it needs more time. Bitcoin is the world's first open source cryptocurrency called Decentralized Currency. Bitcoin is a virtual currency that does not require any financial institution to transact. Currently the price of Bitcoin is steadily increasing in the cryptocurrency market especially since the last few days its price has increased by a lot and reached a new ATH record. As a result, Bitcoin topped the precious metal silver in market cap. At the current price of Bitcoin, it has a long way to go if it wants to outperform Bitcoin Gold.

We have seen that the market cap of Gold is much higher than that of Bitcoin, the market cap of Gold is $14.532 trillion dollars while the market cap of Bitcoin is $1.427 trillion dollars. In addition to the current supply limitation of Bitcoin, the number of Bitcoins in the market must be 13X times more to reach the market cap of Gold. I think it will take much more time for bitcoin to reach the market cap of gold, maybe 10 years or more because the supply of gold will increase during this time, there is no limit to the supply of gold.

I don't think Bitcoin is a virtual asset. It is true that it cannot be touched like gold or silver, but it has complete practical value. You may think that Silver is a rare metal, but in reality, there are many types of metals that are even more precious and in smaller quantities than silver. I think silver is mainly used in the jewelry industry. As for the application of Bitcoin in real life in the future, I am sure it will be more than silver. Bitcoin is both an asset and also considered a currency when we can use Bitcoin in daily currency transactions.
Another factor is that the amount of Bitcoin is limited, while silver can be mined everywhere, and clearly when looking at these two assets, the scarcity of Bitcoin will certainly stimulate more people accumulate. I believe that in the future, the capitalization value of Bitcoin will not only surpass silver, but also surpass gold.

The bottom line for growth of Bitcoin in its value and market price, market cap is its total supply is limited, known and its future new supply will be halved each four years.

Precious metals like gold, silver will have more supplies in future when human technologies grow more, become more advanced to dig deeper into the Earth's ground or even reach to asteroids or other planets to harvest more physical gold and silver.

Use cases for Bitcoin can be more diversifying than gold and silver and its use cases might be expanded more and more at sharp rate.