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Topic: Can Crypto be more valuable than gold? - page 25. (Read 5086 times)

full member
Activity: 882
Merit: 100
November 12, 2020, 12:37:21 AM
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?
Looking at how gold and bitcoin actually work, they really have a lot in common so they attract many similar investors. However, precious metals and cryptocurrencies are very different assets, serving very different purposes in an investor's portfolio. In the near future, BTC is showing some outstanding points in its applicability, i think BTC will soon have a market cap equal to gold at present and will surpass even gold.
member
Activity: 868
Merit: 15
November 12, 2020, 12:30:04 AM
Of course crypto can be more valuable than gold both currencies depend on demand the for crypto from gold is always higher most people choose crypto over gold when it comes to investing gold depends on the economy of the country as the economy goes down its value decreases but the demand for crypto is increasing it no one controls and does not depend on the economy of the country. Investing in crypto helps to brighten the future the price of gold has increased its investment is much less.
full member
Activity: 728
Merit: 100
November 12, 2020, 12:03:04 AM
Crypto is an investment that is full of risks and can experience a sudden dump, that's what makes people still afraid of investing in crypto and there are still many who choose to invest in gold, actually if I have to choose then I would choose both because they are equally profitable
sr. member
Activity: 1638
Merit: 255
November 11, 2020, 11:54:00 PM
In terms of price stability, Gold is superior to Bitcoin. Bitcoin is a volatile crypto asset, its price can skyrocket or fall sharply,
so Bitcoin is more suitable to be invested for the long term. Bitcoin and gold have similar factors. Both are value-depositing assets for investments.
Both assets show an increasing value correlation from year to year.
Indeed, for thousands of years gold dominated as a value-storage asset, but since the invented of bitcoin with advanced blockchain technology,
according to the bitcoin community, it has made bitcoin the digital gold of today.
Can Bitcoin be high value, equal to, or even higher than gold? It all depends on each other’s trust.
sr. member
Activity: 924
Merit: 275
November 11, 2020, 11:50:05 PM
Yes it can be, and the truth is I also prefer to make investment in cryptocurrencies than making investment in gold. I actually tried to make investment in gold before both physical and also the XAU/USD in future market so basically it is just a contracts. In terms of making investment in physical gold, I don't prefer it because the value of gold physically is so stable so it is really hard to make profit from it while in future markrts XAU/USD. The price is so volatile where it can be a similar to the volatility of the bitcoin. I like trading future markets and also cryptocurrency market because they have leverages that can make me to gain in short period of time.
legendary
Activity: 3528
Merit: 1405
November 11, 2020, 11:03:12 PM
Both have their space.  Yes the supply is fixed but thats not solely make it better than gold.  Like all financial instruments, better off to diversify to limit downside risk.  Gold has shown to be a great store of value for centuries, crypto is a smidge over 10 years old so there is a long way to go for crypto to show it can be more valuable than precious metals for the long term.
member
Activity: 518
Merit: 21
November 11, 2020, 10:28:03 PM
Gold is valuable so does the cryptocurrency but it all depend on cryptocurrency like if it is bitcoin the yes, that is valuable. For now, gold is more like being accepted to the community unlike the cryptocurrency which will be needing more time before it can emerge for the community consumption. Again, both gold and cryptocurrency are valuable it only depend on the holder which asset to chose.
legendary
Activity: 1540
Merit: 1002
November 11, 2020, 09:41:31 PM
Most people are afraid to invest in Cryto, because of that they still choose gold as a safe investment, gold does not decrease in value and the price always increases from year to year, but it is better to invest in both because if you only invest in Cryo, I think it is not good because investment on cryto is not always profitable
This is because gold is much safer and also much more credible than bitcoin. don't get me wrong, i also really like bitcoin. but when it comes to gold, I think gold is still superior. Gold has been a valuable item for a long time, apart from that traditional investors also really like gold, gold is also used as a financial reserve in several countries which shows that gold is very credible and valuable
hero member
Activity: 2296
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Cryptocasino.com
November 11, 2020, 08:21:33 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?
Actually a lot of people in the world who know about cryptocurrency, For them, crypto is already valuable than gold. But in real world we can deny that gold is valuable than cryptocurrency, the real asset which resistant to inflation. Everything has its own advantages and lack, so combining between gold and crypto I think this is good step

Might be true for people in developed country but in developing country which not all of them have real access to the internet they still thought crypto as some kind of shady thing because they just don't know about it enough and still put gold above anything else.
There's still an untapped market out there waiting to be covered when the internet reaches them and hopefully it will.

For me golds are still valuable than crypto currencies because the crypto currency's existence cannot be predicted if until when it lasts but gold? You can find it everywhere and can be use as a mode of payment. And also golds are much expensive than crypto currencies that is volatile. You'll never know when will its price rises or falls.
tbh gold seems valuable because people says so otherwise it's just another minerals.
sr. member
Activity: 1610
Merit: 330
★Bitvest.io★ Play Plinko or Invest!
November 11, 2020, 07:55:45 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?
Actually a lot of people in the world who know about cryptocurrency, For them, crypto is already valuable than gold. But in real world we can deny that gold is valuable than cryptocurrency, the real asset which resistant to inflation. Everything has its own advantages and lack, so combining between gold and crypto I think this is good step
member
Activity: 686
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PUGG.io
November 11, 2020, 06:26:29 PM
Talk about valuable? of course gold is valuable because the price is always increasing and is favored by everyone. if profit is indeed crypto gets more profit because the price can be many times that of gold
full member
Activity: 1736
Merit: 116
November 11, 2020, 05:56:17 PM
I choose to invest in both, because crypto and gold are profitable. But speaking which is more valuable, of course I chose cryptocurrency
to be more valuable than Gold. The reason is that cryptocurrency is developing very rapidly, now the demand for cryptocurrency is also
increasing. Moreover, seeing the performance of cryptocurrency in a pandemic situation like now is quite good, indeed cryptocurrency is
more profitable than Gold. Even though cryptocurrencies are unpredictable, if we do a good market analysis, predicting crypto movements
shouldn't be too difficult.
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Activity: 753
Merit: 15
mulierum.com
November 11, 2020, 05:45:28 PM
It is already more valuable than gold. There are various things that we can do with Bitcoin and it is getting popular day after day. I am not sure in what field you mean, but in my own view Bitcoin is more valuable especially if we compare it on the investment field and payment purposes. Bitcoin can gain higher profits because of its volatility and begins to use as a payment tool massively nowadays.
full member
Activity: 562
Merit: 101
November 11, 2020, 05:40:20 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?
Well you need to read about the statement released by JP Morgan a couple of days ago, where they are stating that institutional and sophisticated investors are more attracted to bitcoin and crypto now instead of gold. This means a lot if you completely understand this, I just feel that billions and billions worth big money is ready to enter crypto market now which will give big push to bulls in the market.

thats great news, huge money will coming to crypto market if this rumours true
by the way, can you show me the link to the statement released by JP Morgan my friend ?
hero member
Activity: 2002
Merit: 771
Top Crypto Casino
November 11, 2020, 05:32:04 PM
Obviously Crypto will be more valuable than gold in near future because it's already gained a huge popularity and price if we campare with it's beginning price.

Hope you caught my point.
No doubt, it might become more valuable than gold in the future since the supply is fixed, unlike  gold that are still been mined daily, gold is a natural resource not sure it's gonna run out any time soon, on the other hand bitcoin is gaining more popularity everyday, more popular means more people are beginning to use it, and once the 21million bitcoin has been mined, I'm sure the price will definitely skyrocket, cus there will be few sellers and lots of buyers available to buy at high prices.
member
Activity: 938
Merit: 13
AMEPAY
November 11, 2020, 05:24:56 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?
Well you need to read about the statement released by JP Morgan a couple of days ago, where they are stating that institutional and sophisticated investors are more attracted to bitcoin and crypto now instead of gold. This means a lot if you completely understand this, I just feel that billions and billions worth big money is ready to enter crypto market now which will give big push to bulls in the market.
JNR
full member
Activity: 585
Merit: 100
@JNRcryptobox
November 11, 2020, 05:10:35 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?

the word valueable has a lot of means my friend
if we talk about price i think now bitcoin price is higher than gold price per oz right ?
but if we talk if valuable as safe haven i think gold still better, because the risk is lower if we invest in gold
sr. member
Activity: 882
Merit: 269
November 11, 2020, 04:58:38 PM
In my opinion, cryptocurrency is more valuable than Gold, we can see that cryptocurrency price movements are much more volatile
than Gold. So this volatile crypto price can be utilized to generate much greater profits than Gold. Even this year, cryptocurrency has
performed very well compared to other assets. If you want to make a large profit, it's right to choose cryptocurrency for investment.

If something really bad happens, and virtual world is closed, what will we do with all these cryptocurrencies? Yes, we can make much money dealing with crypto, but everything is so risky. Gold is not probably more valuable, but the risk connected with gold is minimal.
For me golds are still valuable than crypto currencies because the crypto currency's existence cannot be predicted if until when it lasts but gold? You can find it everywhere and can be use as a mode of payment. And also golds are much expensive than crypto currencies that is volatile. You'll never know when will its price rises or falls.
legendary
Activity: 2212
Merit: 1008
November 11, 2020, 04:02:23 PM
In my opinion, cryptocurrency is more valuable than Gold, we can see that cryptocurrency price movements are much more volatile
than Gold. So this volatile crypto price can be utilized to generate much greater profits than Gold. Even this year, cryptocurrency has
performed very well compared to other assets. If you want to make a large profit, it's right to choose cryptocurrency for investment.

If something really bad happens, and virtual world is closed, what will we do with all these cryptocurrencies? Yes, we can make much money dealing with crypto, but everything is so risky. Gold is not probably more valuable, but the risk connected with gold is minimal.
sr. member
Activity: 656
Merit: 251
www.fintropy.io
November 10, 2020, 12:41:12 PM
A rather controversial question. Cryptocurrency does not have a physical referent in the world; it entirely depends on how much the digital environment is around.
The more digital the world becomes, the more value digital things like bitcoin become. However, pandemic shows us that common physical values such as gold can be of increased value.
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