Topic: Can Crypto be more valuable than gold? - page 18. (Read 5103 times)
Crypto is more valuable than Gold right now. To be specific, Bitcoin (BTC) is more valuable than Gold. The main thing about this is that BTC has a fixed number of supply thats why its price will continue to rise. Volume will keep rising.
gold is a traditional asset investment while crypto is a digital asset investment. but from my point of view, crypto is much more profitable than gold, especially Bitcoin. as we can see bitcoin has now reached a price of $ 46k / btc. This is a gold asset in the digital industry, the value of gold increases every year and the price of crypto is very volatile, even though it is risky from gold but crypto is very profitable.
In crypto, things can happen that we didn't expect, it is likely that crypto will be more prosperous than gold in the future, all have no doubt with the existence of crypto which is increasingly growing rapidly, now crypto has broken the latest records in its history so gold has long been a power investment since a long time ago and is still active today
It relies upon what we think about important. As I would like to think, cryptocurrency is a wide scope of coin, however gold is explicit. The solitary cryptocurrency that can be contrasted with gold as far as worth per unit is bitcoin. Gold has an incentive by its temperament and even a market isn't promptly accessible it very well may be liquefied into a few articles.
Bitcoin is a relatively new technology that has great future potentials, but right now, i believe solid gold still olds more value.
Bitcoin is a relatively new technology that has great future potentials, but right now, i believe solid gold still olds more value.
If it doesn't frighten you, then it doesn't affect you @Gold/Crypto! Hope I'm right in this???
The current state of affairs has already raised concerns and comparism between the gold and crypto market which means, cryptos is going a long way to cause some depreciation in the gold market and as such, showing potential as a suitable investment. Coupled with the fact that, you can access and carry it everywhere with ease on like gold. And all this possibilities and growth is when the government are seriously against and frown at it, not to talk of a situation when the world finally gets to recognize it as a legit payment media. It would boom!
The current state of affairs has already raised concerns and comparism between the gold and crypto market which means, cryptos is going a long way to cause some depreciation in the gold market and as such, showing potential as a suitable investment. Coupled with the fact that, you can access and carry it everywhere with ease on like gold. And all this possibilities and growth is when the government are seriously against and frown at it, not to talk of a situation when the world finally gets to recognize it as a legit payment media. It would boom!
base on current situation it can happen, but the unique thing about gold is that it can stand the test of time, but crypto possess fluctuation as it major characteristics since it value is determine by force of demand and supply. so we can say that maybe in short run it can, but never in long run.
Its Hard to predict such kind of thing but not impossible. gold market is trillions of dollars and crypto industry is still smaller than it but its getting bigger with time.crypto wasn't so polular some years ago but mainwhile it touched four hundred billion dollar marketcap and going on.still there are many people who don't know about Crypto.if crypto could reach to among, then crypto industry will more bigger than now,even maybe than gold
Imagine if crypto will become globally well-known. In Asia around only 25% of the people know the basic concept of crypto, just the basic. 10% of that 25% are the real crypto literate. The rest 70% to 75% of the population don't have any idea or even didn't the existence of crypto. So if all the people will become educated about crypto, imagine the financial capabilities of it. Maybe all type of business in business industry will be dominated by crypto. 
Its Hard to predict such kind of thing but not impossible. gold market is trillions of dollars and crypto industry is still smaller than it but its getting bigger with time.crypto wasn't so polular some years ago but mainwhile it touched four hundred billion dollar marketcap and going on.still there are many people who don't know about Crypto.if crypto could reach to among, then crypto industry will more bigger than now,even maybe than gold
If, for example, long-term investments are taken into account for 10-15 years, gold will increase its value quite strongly. If we consider a short period of time - a month or a year, the cryptocurrency will bring its owner much more. Therefore, you need to act only out of personal preference.
I'm not so sure about Bitcoin beating gold. Bitcoin is still a new category in the world whereas gold is hundreds of years old and has proven to be strong in confidence. gold has gone through many crises or wars.
If you look at the market chart last year, how much did bitcoin decline because of the global pandemic? bitcoin is only suitable for short term investment or trading
for now, don't look at the past. To be honest, there are quite a few cryptos that have beaten gold in terms of price and attractiveness. even though this is my opinion, but the current crypto price continues to grow, even Elon Musk is also very interested in it and makes crypto even more popular. even today the price of bitcoin is almost beating 1 kg of gold, or even surpassing that. If you look at the market chart last year, how much did bitcoin decline because of the global pandemic? bitcoin is only suitable for short term investment or trading
Yes, obviously. Also crypto coins are more secure than your gold and more profitable.
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?
crypto today when viewed from any side is more valuable than gold. because as we know that crypto is easy to get high prices if the market is good, in contrast to gold it will be difficult to get high prices because it has to go through a moment.so crypto will still be more valuable than gold
crypto is more valuable than gold I think yes you are right
but behind the advantages there are definitely weaknesses where crypto has a volatile nature where the price tends to be unpredictable and can hurt the owner's financial suddenly
different from gold from what I have seen and learned if it goes up it is difficult to go down if possible only little
The transition is taking place before our eyes, if you take a closer look at what is happening, then we see a big gap from the conservative way of investing in a new digital format. The answer to your question is, yes, I think it can and will.
very much the possibility of exceeding the price of gold,and people now understand better what digital money is, especially bitcoin, a good long-term investment, but all of that is also full of challenges because you have to be tidier in your bitcoin investment..
Until now, cryptocurrency is much better known to many people than 3 to 5 years ago,and of course people have also learned or at least read about cryptocurrency,
and to invest especially investing in crypto is not as easy as imagined by people who just buy then hold and sell when the price is high,
however, investing certainly requires a strategy in order to get the desired profit
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?
crypto today when viewed from any side is more valuable than gold. because as we know that crypto is easy to get high prices if the market is good, in contrast to gold it will be difficult to get high prices because it has to go through a moment.so crypto will still be more valuable than gold
crypto is more valuable than gold I think yes you are right
but behind the advantages there are definitely weaknesses where crypto has a volatile nature where the price tends to be unpredictable and can hurt the owner's financial suddenly
different from gold from what I have seen and learned if it goes up it is difficult to go down if possible only little
very much the possibility of exceeding the price of gold,and people now understand better what digital money is, especially bitcoin, a good long-term investment, but all of that is also full of challenges because you have to be tidier in your bitcoin investment..
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?
Cryptocurrency has gained much more popularity in a very short period of time. But I think there is still a long way to go to be more valuable than gold. Because the value of cryptocurrency is more volatile than gold. Bitcoin of $19000 in 2017, $3000 in 2018-19 and $44000 in 2021. Bitcoin is still banned in many countries of the world. But I hope one day crypto will be more valuable than gold. 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?
crypto can definitely be more valuable than gold. now the price of 1 bitcoin is equivalent to 1/2 kilogram of gold. This is very fantastic for people who are unfamiliar with bitcoin .. if they know the price of bitcoin will soar far then I am sure that gold holders will switch to investing in bitcoin. but in the crypto world there is a high risk so many people don't want to take that risk and stick to pure gold.
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?
crypto can definitely be more valuable than gold. now the price of 1 bitcoin is equivalent to 1/2 kilogram of gold. This is very fantastic for people who are unfamiliar with bitcoin .. if they know the price of bitcoin will soar far then I am sure that gold holders will switch to investing in bitcoin. but in the crypto world there is a high risk so many people don't want to take that risk and stick to pure gold.
Crypto currencies are more valuable than gold. fantastic prices then do not require a large space for storage to be the advantage of crypto. We are not worried about storing Bitcoin compared to storing gold in our homes.
Good point. Also if we every sort out astroid mining there goes any scarcity for gold. Obviously sci-fi ish but you get my drift.
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