Can Crypto be more valuable than gold? - page 2.

RBLT

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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?

In my opinion, Gold is the ultimate currency of central banks and more transparance and safety than Bitcoin ( CMIIW )
Although Bitcoin has jumped multi-fold in the last few months, it is likely to continue appreciating in US dollar terms over the coming years.
Maybe, Bitcoin's market cap will surpass gold's market cap by 2030. But, both gold and cryptocurrency have their own merits and demerits. It all depends on the sole discretion of where you wants to invest. That's my opinion though, cheers! Cheesy

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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've seen Bitcoin and altcoins have the ability to do that, it's only a matter of time because gold is used more for transactions then investments and after gold is replaced with fiat for payment transactions, we can see cryptocurrencies are more valuable because they have blockchain technology as you said, nothing which is impossible, some countries will make regulations about it and I think we will see a lot of stable coins with Bitcoin pairs in the future.

robattfield

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At this point we will all have to admit that Bitcoin is showing useful values, I don't want to compare which is better than the other because it depends on each person's point of view. I see that bitcoin is slowly becoming one of the storage assets that, despite its great volatility, we still accept it as having great potential.

floridafranks

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Quote from: Muslimin mj on September 01, 2021, 02:32:51 PM

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?

for now and in the future crypto will be more valuable than gold because the profits that can be obtained through crypto are very large but have a high risk. but not everyone will believe that krypto is more valuable than gold because people who are not savvy with crypto will continue to invest using gold. Moreover, crypto has a higher risk than gold.

Ofcourse, in fact I think BTC is already more valuable than gold. Yes you are right some people may have a hard time accepting it due to lack of knowledge regarding crypto and being unaware about its utility. But I believe BTC will give gold a run for its money in the coming days, given BTC’s block chain technology and limited supply of 21 million coins.

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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?

for now and in the future crypto will be more valuable than gold because the profits that can be obtained through crypto are very large but have a high risk. but not everyone will believe that krypto is more valuable than gold because people who are not savvy with crypto will continue to invest using gold. Moreover, crypto has a higher risk than gold.

m.rifki

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Quote from: Cappex on April 22, 2021, 04:09:55 PM

I think there is a serious possibility that this will happen, if you consider that today's young people are videogame players in large numbers, they know how to use a smartphone from an early age and these skills will lead them in investments and will find the use of cryptocurrencies much more comfortable and immediate compared to gold.

Today's technological developments are very fast and easy access to both, but compared to gold, crypto is more popular among young people today, moreover there is a lot of news in the mass media about the success of several younger generations in investing in crypto, this condition pushes crypto beyond gold in popularity.

FlamingFingers

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Main looking at the Roi for the year, crypto has superceded gold by a huge margin, not to talk about the Roi ever since created, no doubt about it, cryto is far way ahead of gold, its just the issue of volatility that is the major challenge in crypto, aside from that, crypto is more valuable than gold

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In the real world, gold is used as a traditional investment and is different from investing in the crypto market. other than that the selling value of gold is increasing every year and the crypto industry is still smaller than that but getting bigger over time. crypto was not that popular a few years ago but meanwhile touched a market cap of four hundred billion dollars and continues to do so. there are still a lot of people who don't know about Crypto. if crypto can reach between, then the crypto industry will be bigger than it is now, maybe even more than gold.

nisakhairun

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many say that bitcoin is one of the strongest selling tools for the future, because in addition to the great price it also has big fans to own bitcoin in large, it could be among the many features of bitcoin that many bitcoins are more valuable than gold

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Quote from: goolesby on August 13, 2021, 07:11:02 AM

Overall, Bitcoin is much more profitable as long as you understand the right strategy but gold is safer because the price is stable. Therefore, no one is clearly better than the other, it all depends on your investment goals.

As you said, experience in the crypto world is the main factor for profit, in contrast to gold investment which tends to be more stable, while crypto is more volatile, it requires more skills to read the crypto market situation, back to the goals and tastes of each Each of the investors, both have the opportunity to get their own profits and risks

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Quote from: NIKUBHI on August 11, 2021, 11:24:18 AM

It is already proved that cryptocurrency has more value and demand than gold nowadays and as the whole world going to adopted digital systems, The value of cryptocurrency and its use cases will going to increase more and more.

The increase in demand for Crypto is the real evidence of the potential it has, moreover, there have been many people who benefit from investing in Crypto, if conditions like this can be maintained plus positive news about Crypto, in the future the value of Crypto will be able to surpass gold

It will reflect since crypto already gaining the attentions of more people, investors and traders are enjoying and with that

they might bring more people to this market, expect to see more flowing money to be used around. We can't tell what

future awaits to this industry, but with high hope the trend will continue and this market will become more stronger.

Qirtov

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hard to predict this. because we know for ourselves that the market often experiences sudden ups and downs. but for now it seems that crypto is far superior to gold. because the form of crypto is digital so that its use will be easier, more practical and faster. especially when it comes to investing during a pandemic like now. although in fact both crypto and gold have advantages and disadvantages that can complement each other. apart from that if you look at the events in 2017 and then it makes some people believe in crypto.

tr3zor

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Sure, if you calculate all crypto coin prices now then it will be more than total gold price.

(o)(o)ilikeboobs(o)(o)

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Cryptocurrency has its own value and gold has its own value too. We should not compare two different types of assets that are not of the same nature. Personally, I prefer gold because of its stability over a long period of time. Gold trading has a higher price bias than cryptocurrencies. I can stay at home and exchange cryptocurrencies easily with good liquidity with very small spreads, but to trade physical gold i will have to go to the store and trade.

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Quote from: BobK71 on August 12, 2021, 12:57:19 PM

Gold and Bitcoin both are two different things. Bitcoin is a digital currency. It is volatile so there are different prices at different times. If less today, more tomorrow. Currently a bitcoin is worth 46000 thousand dollars which is much higher. Again, tomorrow may be less. However, Gold is an asset that has very little volatility. Gold can support you until the end of life but crypto won't do it. In this concern Gold is one step ahead.

Depending from which point of view one looks at it, volatility and limited supply are only one factor. Given the fact that technology is constantly evolving, Bitcoin has an advantage over gold, speed and ease of transaction are the main factors to consider, I'm not talking about just a store of value, but also an alternative transaction tool, and Bitcoin has both.

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Quote from: Rocky993 on August 13, 2021, 10:46:34 AM

People are no longer interested in investing in gold, so the share price of gold is going down. People in crypto are currently ranked second in the stock market due to its proliferation. It is a matter of time before crypto becomes valuable after gold.

While I have never been a gold bug, I think it's unfair to say people are no longer interested in investing in gold.
As with any investment, gold is subject to fluctuation. The price of gold usually increases when there is a certain level of economic or political uncertainty. In contrast, when the U.S. dollar is strong, people will invest less in gold and instead invest in other assets that will make them more money.

Rocky993

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People are no longer interested in investing in gold, so the share price of gold is going down. People in crypto are currently ranked second in the stock market due to its proliferation. It is a matter of time before crypto becomes valuable after gold.

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Overall, Bitcoin is much more profitable as long as you understand the right strategy but gold is safer because the price is stable. Therefore, no one is clearly better than the other, it all depends on your investment goals.

BobK71

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Gold and Bitcoin both are two different things. Bitcoin is a digital currency. It is volatile so there are different prices at different times. If less today, more tomorrow. Currently a bitcoin is worth 46000 thousand dollars which is much higher. Again, tomorrow may be less. However, Gold is an asset that has very little volatility. Gold can support you until the end of life but crypto won't do it. In this concern Gold is one step ahead.

King Khaizan

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Digital currencies are increasingly becoming a phenomenon and accompanying gold as an investment asset that is on the rise and is profitable this year. The price that continues to soar beyond the increase in gold makes traders and investors hunt for this investment asset.

however, the simultaneous increase in the value of the two assets has rekindled the debate over which investment asset would be a better place to store and hedge.

but if I look at it now, traditional society is more dominant in investing in gold and modern society is more towards digitalization (crypto currency and stocks).

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