Can Crypto be more valuable than gold? - page 16.

leea-1334

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Quote from: Dexion on March 31, 2021, 12:15:28 AM

When viewed from a human perspective who views wealth as represented by an invisible item, surely the pile of gold will look very tantalizing than the numbers on a computer screen, but if we look at the market, the price of bitcoin is also tantalizing, both of them have their respective advantages

Tell me exactly how many gold investors these days even see their gold? I do know my own relatives in the past who used to buy actual physical gold but the rich people I know now from my generation born in the late 80s actually just even buy gold from accounts at banks. So they are buying already digital gold (just not realizing it is digital). With Bitcoin you can realize and own it for real.

Dexion

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When viewed from a human perspective who views wealth as represented by an invisible item, surely the pile of gold will look very tantalizing than the numbers on a computer screen, but if we look at the market, the price of bitcoin is also tantalizing, both of them have their respective advantages

soenan

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In my opinion crypto is on track to become more valuable than gold in this decade as its reputation as a store of value continues to grow. Bitcoin has reached its speed, so now, I have confidence that it will surpass gold in market cap for this decade

Cappex

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Quote from: Akash Crypto on August 16, 2020, 12:13:20 PM

I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?

I remember reading a tweet days ago that statistically there are millions of gamers who will inevitably become adults and probably investors.
Their propensity to use digital assets such as cryptocurrencies compared to traditional financial instruments is not undoubted, so my answer is yes.
The new generations will embrace cryptocurrencies much more easily than the instruments of the past.

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Quote from: poodle63 on March 21, 2021, 05:18:16 AM

Quote from: bitcon on March 03, 2021, 01:43:55 PM

Cryptocurrency is virtual value, but gold is material. Each of these assets carries its own importance and necessity. I don't understand why people are constantly trying to compare these two things with each other.

Now, in the wake of the worldwide cryptocurrency hype, many come to this industry. But gold will remain forever, and no one knows what will happen to digital currency. Currently, many coins are more valuable than gold, but are you sure that this will continue forever?

It is better to invest your money in several assets at once.

Yea I invested to many assets and diversify my portfolio but honestly investing to gold just never cross my mind, by holding gold you're either getting burdened to guard the gold you bought or just buy those certificate that you can't even see the gold you were supposed to own. Maybe stock, etc but gold although it always the value is stable but the price rise of gold only enough to fill the gap caused by fluctuation.

It depends on personal preferences. There are people who want security of their investments, and tangible assets are very important for them. Gold is one tangible asset that you can't go wrong. Crypto and gold for me should not be compared at all. Gold is a vital material in this world, not only for investments but other important uses like in electronics industry. How can you mine bitcoin if you don't have those expensive gadgets that are using gold as one of its important components. Computers, laptops or any other mining equipment need gold. So I don't think it is right to compare gold with crypto. Maybe in terms of price but the overall importance to humanity, I don't think it is right.

poodle63

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Quote from: bitcon on March 03, 2021, 01:43:55 PM

Cryptocurrency is virtual value, but gold is material. Each of these assets carries its own importance and necessity. I don't understand why people are constantly trying to compare these two things with each other.

Now, in the wake of the worldwide cryptocurrency hype, many come to this industry. But gold will remain forever, and no one knows what will happen to digital currency. Currently, many coins are more valuable than gold, but are you sure that this will continue forever?

It is better to invest your money in several assets at once.

Yea I invested to many assets and diversify my portfolio but honestly investing to gold just never cross my mind, by holding gold you're either getting burdened to guard the gold you bought or just buy those certificate that you can't even see the gold you were supposed to own. Maybe stock, etc but gold although it always the value is stable but the price rise of gold only enough to fill the gap caused by fluctuation.

JackieAinsley

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Quote from: bitcon on March 03, 2021, 01:43:55 PM

Cryptocurrency is virtual value, but gold is material. Each of these assets carries its own importance and necessity. I don't understand why people are constantly trying to compare these two things with each other.

Now, in the wake of the worldwide cryptocurrency hype, many come to this industry. But gold will remain forever, and no one knows what will happen to digital currency. Currently, many coins are more valuable than gold, but are you sure that this will continue forever?

It is better to invest your money in several assets at once.

May be cryptocurrency is a virtual value but it has a real price and it is impossible to sell cryptocurrency for fiat. Cryptocurrency raise in price, gold not.
It is good that now there are platforms like https://www.koinal.io/ that allow to buy and sell cryptocurrency using credits cards.
The more simple to buy and sell cryptocurrency the more people use it.

Cryptocurrency market raise and it attracts more people to the market. Fo people it is very important to simply buy crypto using bank cards.
People buy crypto because it raise more in price than gold.

Kitaiev

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At the moment the market estimates 1 kg of gold is cheaper than 1 bitcoin!
But don't be crazy about it because gold has been valued by humanity throughout life and this wont change in the future.

Matimtim

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Right now I think crypto currency value is greater than the value of gold, thus I concluded in my self that crypto currency or bitcoin has a greater value than gold. I'm just confuse why bitcoin became more expensive that bitcoin as I saw in the article in the internet there is a big difference between the value of good than the value of bitcoin maybe because bitcoin is very convenient to use why many people use it or buy it that the reason why it has a good price not and great value in the people.

I include here the link of that article: https://charts.woobull.com/bitcoin-vs-gold/

jack05

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Who knows what lies in future? Right now gold market cap is way more than Bitcoin and people invest more in gold as it's a reliable and trusted asset for centuries. In comparison bitcoin is new and will take time to establish his market.

susuberuang

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It is undeniable that bitcoin is currently much more valuable than gold, and of course crypto will always dominate for a long time, but we need to know that investing in crypto has a very high risk, such as a sudden drop in price, its security is very vulnerable. against hackers, because this investment is not real, different from real gold investment, therefore we must always be vigilant and careful in investing in crypto ,,,,

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Quote from: adekogbe on March 19, 2021, 06:33:50 PM

The entire world is all moving towards transforming their fiat into blockchain based token or coins. It could undoubtedly transform into a standard. In the event that that occurs, the consolidated fiat estimation of the world would surely be more prominent than that of gold.
More importantly gold is a solid mineral and its reallys scare meaning, its very valuable but crypto can be used interesting over long distances and gold cannot be used in that manner which makes crypto more valuable for me

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gold isn't as scarce as you think they are and the biggest drive of gold price in my opinion is the fact that people keep saying how it's so scarce, valuable etc while cryptocurrency here we get all the benefits and advantages that far surpasses mineral like gold.
Even today, many people already consider bitcoin as more valuable than gold based on price.

bct-user

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From what aspect do you mean more valuable? More significant profits? If you mean investing in crypto can get higher significant profits, then it is true. So, basically, crypto is already more valuable than gold in the term of possible profits. But remember that investing in crypto has a high risk if you just invest your funds in a careless way. Please note that crypto is more profitable but high risk as well.

adekogbe

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The entire world is all moving towards transforming their fiat into blockchain based token or coins. It could undoubtedly transform into a standard. In the event that that occurs, the consolidated fiat estimation of the world would surely be more prominent than that of gold.
More importantly gold is a solid mineral and its reallys scare meaning, its very valuable but crypto can be used interesting over long distances and gold cannot be used in that manner which makes crypto more valuable for me

Fivestar4everMVP

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Quote from: Akash Crypto on August 16, 2020, 12:13:20 PM

I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?

Bitcoin and the entire crypto market will in no distant time become much more valuable than the entire Gold market, if i should predict, i did say in the next or even less than five years coming.
if we look from the creation of bitcoin and since when bitcoin has been in existence, and we compare how much value each have added respectively in the years they have existed, we will understand that bitcoin and the entire crypto market has out grown both Gold and silver market respectively, soon, some countries with huge Gold reserve will start selling their Gold to invest the money in crypto currencies , i did say that crypto is for sure the new form of Gold .

bitcon

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Cryptocurrency is virtual value, but gold is material. Each of these assets carries its own importance and necessity. I don't understand why people are constantly trying to compare these two things with each other.

Now, in the wake of the worldwide cryptocurrency hype, many come to this industry. But gold will remain forever, and no one knows what will happen to digital currency. Currently, many coins are more valuable than gold, but are you sure that this will continue forever?

It is better to invest your money in several assets at once.

FahriZah

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Cryptographic forms of money are more important than gold. fabulous costs at that point don't need an enormous space for capacity to be the benefit of crypto. We are not stressed over putting away Bitcoin contrasted with putting away gold in our homes

codpku

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yes it is look how bitcoin price right now, with lot of famous people get in to crypto or aware to crypto currency
crypto will have a bright future but we can replace gold
we still need gold, just diverse your investment just dont all in crypto thats my opinion

lalabotax

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Bitcoin is indeed already more valuable than Gold. You must be aware if Bitcoin value grows much faster than Gold value. People need a long time to wait for the increase in Gold value and the increase isn't too significant. While in Bitcoin, you can see the increase of its value very significant only in few months. Even, the price can increase significantly only in a week during this bullish trend. So, it is clear that Bitcoin is more valuable than Gold now.

sniveel

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Cryptocurrencies' future is really bright, bitcoin and ther altcoins develop really fast. There are lots of people and organizations taking part of it's growth, in fact most of them used crypto as a way for their online transactions. There is no doubt that crypto is more profitable and valuable asset than gold.

Topic: Can Crypto be more valuable than gold? - page 16. (Read 5103 times)