Bitcoin is worth more than Silver - page 2.

coolcoinz

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Not crazy at all. Imagine how much silver you'd have to own for it to be equal to 1 bitcoin. 1 kg is $800, so 1 bitcoin at 80k would be 100 kg of silver.
How would you move that around? How would you take it with you if you had to leave the country? How would you even take it to an exchange? You'd have to take a car and hire someone to help you unload it, because even if you divide it into bags with 20kg each, that's 5 bags you have to carry from the car to the exchange.

What if I told you my investment in bitcoin is far greater than just 1 BTC. Why would I keep hundreds of kilos of silver?

Precious metals suck when you really have a lot of wealth to allocate.

arjunmujay

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Quote from: m2017 on March 12, 2024, 10:24:25 AM

Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

This is not a crazy achievement, but an indicator that the emphasis is shifting from traditional (physical) financial instruments towards digital (virtual) ones.

What was valuable before is now obsolete.

Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

It's not crazy, it's amazing.

The value of a precious metal lay not in the fact that it was a precious metal or because the metal possessed any physical properties, but in the value that humanity placed on the metal. Value is a very subjective concept whose focus can shift. For example, scarcity greatly affects value. There was a period in human history when aluminum was valued more than gold (due to technological difficulties with its production).

So, times have always been crazy. Money and value are not losing meaning, but there is simply a paradigm shift in the financial sector. And it seems that changes are now happening in the direction of digitalization. The dawn of a new BTC-era.

In fact, what is said to be the scarcity of precious metals, say gold. actually never existed. because when we explore gold again, we will definitely find another supply of gold that is ready to be mined. So what's rare? It's just a perception that is created so that the value of gold doesn't fall.

This is different from Bitcoin which is really limited to only 21,000,000 coins. and it will neither increase nor decrease. that is what is called true scarcity.

red4slash

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

This is another remarkable achievement that bitcoin can do because currently with the data from the source you provided right now they are ranked 8th and it is possible for bitcoin to be even more in the future when referring to the current market capitalisation .
With the number of people who are increasingly convinced by bitcoin and with bitcoin which in recent years has been increasingly recognised in terms of its movement, indeed at this time its progress is likely to continue to climb for bitcoin and this is a good thing for bitcoin and of course for those of us who are in bitcoin.

IMHO the increase will continue to occur because after all, seeing the growth that is happening even though there will definitely be some unexpected situations later in the news that are sure to be made to suppress the price of bitcoin but in the end things like that will not have too much impact and bitcoin will continue to step in continuing good progress.

Mate2237

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As for now I don't think there is anything out there to compare with bitcoin. One Gold is not worth as one bitcoin presently again. Really bitcoin is going crazy to the All Time High which no physical asset can be compared to it. Though the is no big difference between 1.42T market cap for bitcoin and 1.38T market cap for Silver and that should be 4% different. Bitcoin has come to stay and no asset can beat the value of bitcoin again.

bettercrypto

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

I don't think that's surprising because many whale investors in this era already have an interest in Bitcoin. Although there are a lot of things that are not expected that will immediately lead to such a situation,.

This is also just a demonstration that Bitcoin is getting stronger and showing the whole world that it is good to make it a long-term investment because of the profit it can return to investors.

Questat

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Quote from: yazher on March 13, 2024, 09:43:15 AM

It's really good to see it that way because, since the beginning of its trend, bitcoins have been suspicious to others earning just little trust from the people, and look at where it is now. it is more than we anticipated because it became a global phenomenon it became a trend in the past years and its popularity got even more boosted especially in this season where most people speculated it to reach another ATH due to its recent price increase while there are more good news making the investors assured of their future profits in the next months.

Ever bullish, people had thought positively towards Bitcoin but when it dumps and turns bearish, people had also thought the opposite and even speculated a big crash "what ifs".

Not a surprise for me to hear people comparing Bitcoin to gold, silver, stocks, bonds, etc. Because until now, still a lot of people haven't realized that Bitcoin has a fortune. We just remember and appreciate the growing value of Bitcoin during ATH but not during the crisis.

What happens now is also another time to prove that Bitcoin is worth investing in. And this also proves that there is no regret from having and holding them as it continue to grow in the coming years.

yazher

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It's really good to see it that way because, since the beginning of its trend, bitcoins have been suspicious to others earning just little trust from the people, and look at where it is now. it is more than we anticipated because it became a global phenomenon it became a trend in the past years and its popularity got even more boosted especially in this season where most people speculated it to reach another ATH due to its recent price increase while there are more good news making the investors assured of their future profits in the next months.

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

Knowing that the existence of Silver is from very long time(hundreds-thousands) of years
and beating by Bitcoin who are just existing for decade? now this shows the world what is the capacity
of Bitcoin and they will surely regret why they denied investing back in the years.

Benedictare

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With the upsurge of Bitcoin,i think you are correct, looking at its new market capitalization of $1.4 trillion,it is more valuable than silver lately which is the second biggest commodity.

The reason why Bitcoin is increasing in value is because it's price which originally affected by its supply ,request in the market, always available,the competition among other cryptocurrencies and investors opinion. Bitcoin got a higher record on Tuesday by support of investors releasing their funds into the US spot exchange- traded crypto products,so you can see how Bitcoin has become valuable and stronger in the world .

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If you believe in Bitcoin as a solid form of wealth with a future, buy what you can at the price it is when you can buy it and just leave it alone for years. The patience and trust that were given to bitcoin have helped it gain the value it has now. I believe everything is worth giving a chance in life. Imagine if those attacks and the internet scandal against bitcoin prevailed; we wouldn't have anything to be talking about now. A good reason to be happy is that something digital has evolved and brought comfort to potential investors.

DaveF

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Despite what experts want you to think nobody has a good idea of how much silver and gold are really out there.
Yes, we know how much modern mints have made over the years and so on.
But both have been mined and stored and past through families for 100s if not 1000s of years.

We really don't know how much gold the Aztecs mined, we have a fairly good (but not perfect) idea of how much the European invaders took from them, but what escaped and is now family heirloom, not a clue. There are a lot of people who are sitting on a lot of silver and gold from the American gold and solver rush in the 1800s. There have been studies that say more was hoarded and is still being held by individuals then was actually released in total into the market. (HODL existed almost 200 years ago)

Just an interesting historical tidbit I got from a geologist I was working with back in the early 2000s.

-Dave

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

This is very happy news for those who believe in Bitcoin and have invested in Bitcoin. Like gold, silver is a precious metal, but its market is still relatively small due to its easy availability and low demand. But like gold it is a precious metal. However, Bitcoin came this time and showed a miracle because Bitcoin surpassed the market cap of Silver and achieved a market cap of 1.42T. It's really unimaginable. we used to predict it earlier but it was hard to accept but Bitcoin is finally reaching its desired milestone.

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

Just this week, Bitcoin surpassed Swiss Franc to become the 13th most largest currency in the world and now it's has taken a step further by surpassing silver to become the 8th largest asset in the world. Who could have thought at some point that a coin which started trading in few cents about one and half decade ago would be more valuable than silver that's been around for thousands of years. This just goes to show how Bitcoin is being recognized. Perhaps in few years, maybe it's going to dethrone gold which has a market capitalization of $14.7 trillion.

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Quote from: seoincorporation on March 12, 2024, 10:09:25 AM

This is hard to believe, i don't think Bitcoin market cap will ever beat the gold market cap, we are talking about a market that is worth 10 times more than BTC market at its current ATH. And if that happens then Bitcoin would be the most valuable asset in the world, and that sounds just crazy to me.

And to be clear, when i say 10 times more I'm not saying the price would be $727k, I'm saying the market cap should be more than $14T.

No offense, but you sound like a beginner who doesn't understand what Bitcoin is and what potential it has in the digital world. $14 trillion seems like a lot today, but $1 trillion seemed impossible 10 years ago, right?

I do not claim that such a thing will happen 100%, but by the end of this decade we will have almost 99% of all BTC in circulation, which means about 1.4 million BTC more than today and maketcap could very easily reach $5+ trillion which is not half of what gold has today, but it would certainly be a great success.

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Quote from: seoincorporation on March 12, 2024, 10:09:25 AM

Quote from: Poker Player on March 12, 2024, 12:52:06 AM

Quote from: crwth on March 12, 2024, 12:25:13 AM

Up next is Gold? Lol.

Gold would be the last, the next thing to beat in capitalization would be Google.

This is hard to believe, i don't think Bitcoin market cap will ever beat the gold market cap, we are talking about a market that is worth 10 times more than BTC market at its current ATH. And if that happens then Bitcoin would be the most valuable asset in the world, and that sounds just crazy to me.

And to be clear, when i say 10 times more I'm not saying the price would be $727k, I'm saying the market cap should be more than $14T.

I am bullish on bitcoin but for bitcoin to surpass gold's capitalization is not easy and will not happen anytime soon. Gold and silver are both the two most used precious metals and are quite close to us. But have we ever asked why there is such a big difference between gold and silver? One asset with a capitalization of 14 trillion and one asset with a capitalization of just over 1 trillion. So comparing bitcoin's capitalization to gold is completely different from comparing bitcoin to silver.

Not to mention when bitcoin capitalization surpasses gold capitalization, crazier things will happen. Will the capitalization of the cryptocurrency industry ever surpass the capitalization of the world's stock markets? I don't remember exactly but I remember the stock market capitalization as of 2023 is 109 trillion Cheesy

.

bitzizzix

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This is a truly extraordinary achievement for Bitcoin, which in the end Bitcoin continues to grow and continues to be popular until it succeeds in overtaking silver's position as a natural resource.
And this Bitcoin can also be attributed to a number of factors, and one of them is spot Bitcoin ETFs due to increasing interest from institutional and retail investors. And as many people have said, if an ETF is approved it can increase the price of Bitcoin and there will be more interest from various circles, and this is especially seen in the increase in Bitcoin prices beyond the previous ATH which will most likely continue.

snowpega

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Bitcoin overcame Silver market capital a time ago As far as I remember I came to know about this news last week but Bitcoin is not stopping here it is going upward unstoppable along with the silver market cap bitcoin has overcome the two largest country currencies which are Russian rubble and Switzerland Swiss Franc. These two currencies were the world's top 13th and 14th currencies and Bitcoin has surpassed them. Here are the reference links to the news I was reading...

Bitcoin is still so bullish at the time I am writing this post, Bitcoin has touched the $73K market Zone now as we know that the market made some correction near the Halving event now the point is that how much the market can make a correction after or before the Halving event I am not expecting big correction because is already sitting too high. What do you guys say about it? share your opinion over this I would love to know. Many Thanks!

m2017

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

This is not a crazy achievement, but an indicator that the emphasis is shifting from traditional (physical) financial instruments towards digital (virtual) ones.

What was valuable before is now obsolete.

Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

It's not crazy, it's amazing.

The value of a precious metal lay not in the fact that it was a precious metal or because the metal possessed any physical properties, but in the value that humanity placed on the metal. Value is a very subjective concept whose focus can shift. For example, scarcity greatly affects value. There was a period in human history when aluminum was valued more than gold (due to technological difficulties with its production).

So, times have always been crazy. Money and value are not losing meaning, but there is simply a paradigm shift in the financial sector. And it seems that changes are now happening in the direction of digitalization. The dawn of a new BTC-era.

moneystery

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i don't think that's anything crazy, in fact it's a very cool thing, considering that silver has been around for thousands of years and it's still traded today along with gold, but its value now is lower than bitcoin. this proves the potential of bitcoin in the future and its use on a wider scale in many countries. even though there is a shadow that the value of bitcoin will fall due to a bear market, for now let's admit that bitcoin is the best digital asset that people can get.

CageMabok

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Quote from: seoincorporation on March 11, 2024, 01:42:20 PM

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/

Now it is time for virtual assets like Bitcoin to be at a higher value than precious metals like Silver and to me that also makes sense even though previously it wasn't as crazy as it is now. Because currently, if we look at the people who like precious metals and those who like Bitcoin, they are almost equal, so it makes sense for Bitcoin to surpass the value of precious metals like silver in conditions like today. And this indicates that Bitcoin is not only an asset that can provide profits, but also the best asset that can surpass the value of any precious metal.

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