Can Crypto be more valuable than gold? - page 26.

OasisDre

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Quote from: Akash Crypto on August 16, 2020, 01:13:20 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?

Even with fixed max supply it's still impossible for many altcoins to be on same level as gold, only bitcoin has that power and in the past it have outperformed gold and that's why many called bitcoin the digital gold, my final answer is Bitcoin only

Another good point is when pandemic took over, gold felt the pandemic hit and dive down more than bitcoin, it shows that Bitcoin is very very strong if not stronger than gold.

Baimovic

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gold and crypto are almost the same but have differences too. Moreover, gold is often referred to as a traditional investment that is profitable every year and crypto is also one of the profitable investments in this digital world. Whether valuable or not, I think both are valuable for investment and have their own characteristics.

ampu

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CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM

I can look at the value of Bitcoin when compared to gold. The remaining cryptocurrencies are too risky because they are not used by many people and choose to store value.
Gold has a stable value and is chosen by many countries as a reserve asset, so it has a sustainable value and is unlikely to collapse. Cryptocurrencies are supported by the community and developers. If one day the community and developers choose other cryptocurrencies, then storing abandoned cryptocurrencies is really garbage since no one needs them anymore. This is very easy because technology is always changing and changing very quickly.

Balladtony77

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I don't think so, the only digital currency that stands on par with gold level is Bitcoin only, every other crypto coins still have a long way to go from here, even ethereum performance isn't that on gold levels yet, bitcoin is more than capable to defeat gold.

Nalbo

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Quote from: covfefe_ on November 10, 2020, 11:38:59 AM

We can never be sure but as the number of crypto and it's uses increase, we could assume the total market cap would exponentially increase and wins over the valuation of gold. But gold again is a commodity in regular increase with mining. Unlike bitcoin or other mineable coins, they don't have a limit. There are even possibility of mining gold from asteroids. So, only time could tell how the economics of future would shape.

It also depends on what you consider a cryptocurrency. Most of the countries are moving towards turning their fiat into blockchain based token or coins. It could easily turn into a norm. If that happens, the combined fiat value of the world would certainly be greater than that of gold. And gold too are going through digitalization and coins that represents the value of gold are being issued of ease of transfer and trade.

covfefe_

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We can never be sure but as the number of crypto and it's uses increase, we could assume the total market cap would exponentially increase and wins over the valuation of gold. But gold again is a commodity in regular increase with mining. Unlike bitcoin or other mineable coins, they don't have a limit. There are even possibility of mining gold from asteroids. So, only time could tell how the economics of future would shape.

Ryushin

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If gold has no impact or effect on crypto why did crypto market retreats when gold dumps in value? Bitcoin is the only coin that's as good as if not better than gold already, bitcoin is the best coin to compare with gold not other altcoins

darkphoenix2610

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Based on the statistics, there will only ever be 21 million Bitcoin left after the last halving then, so in order for Bitcoin to be more valuable than gold, it would need to be worth at least a 5.99billion/21 million=285 ounces of gold. And with the current value of gold at $1,280 USD/ounce, Bitcoin would be more valuable if it was over $364,800 USD/BTC.

Let's just wait and see what will happen in the future.

coiner-88

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There are individuals who actually adores actual treatment of the resource than computerized yet as you stated, digital forms of money gives straightforwardness over gold and different wares. I think cryptographic forms of money are dangerous than gold on the grounds that their value instability is excessively huge and hard to control. Also, gold is more steady and diagram changes over an extensive stretch.

globalpain

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The OGz Club

comparing Crypto with Gold is something different, Gold will always have value and will be very valuable,
Gold has become a part of the world, while Crypto is still part of society,
if you compare its value both have a value according to their portion.

Roidz

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1XBit.com

Many investors say that bitcoin have properties like a yellow metal, so that the crypto coin with the largest market capitalization is dubbed the digital version of gold, and we can see from the supply side, actually these two, assets both have a limited amount of supply, the amount of gold available on Earth is limited and the mining rate is relatively stable, as well as bitcoin which only has a supply of around 21 million worldwide today, so with a limited supply of course this can be very profitable for investors who hold both assets, because With the lack of supply that is, of course, the prices of these two assets will be quite high in the future, and in my opinion, the two investments, both Bitcoin and Gold are the right and profitable investment choices.

plast555

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No one fee doubt about Gold is surely more valuable then crypto because its really big market good liquidity and many other factors favoring hing for this all and crypto is by nature unpredictable and unstable many still feel its scam and few call its bubble but in last few years we have some good things from crypto which are helping to understand this all and we can feel good about this in future few cryptocoins giving really good ROI which is not bad at all if someoen able to check markets on regularly basis and have some good view then he can take good profit from crypto but Gold is still Gold and no one can touch him for good investment and long run trust.

Golftech

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Quote from: maldini on November 08, 2020, 02:18:55 PM

It is chosen the premise of gracefully and request, on the off chance that flexibly is high and request is low, at that point the cost will fall and the other way around.

Following that demand and supply, without further usages and only relied with speculation the value won't go far
gold will continue to be on top as investment valuable asset, unless their are more support and their are full developed
usages then it will change the scenarios.

Quote from: maldini on November 08, 2020, 02:18:55 PM

So on the off chance that you have an authority over the flexibly, at that point you can really choose the costs and furthermore control them. While those whose group just thinks about fast benefit and their pockets won't go far nor even be working soon.

A big impact coming from those big groups who loves to workout with quick gains, they've got the higher chance as of
this moment since holding bigger stake really played well.

MCobian

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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.

ahyadinnn

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Quote from: NewRanger on November 08, 2020, 07:17:11 PM

Quote from: baiwei on November 08, 2020, 08:56:11 AM

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.

some cryptocurrency already take over gold price now , and people start thinking cryptocurrency were good place for investing, many of them give huge profit to investors. gold and other commodity like silver and be crypto market competitor , it make investors confuse in which place big portion will put.

I prefer to invest in gold, because the risk is not too big, different from Cryto, maybe big investors divide their money into several investments, because if everything is allocated to Cryto it will be difficult to take profits, because trading is not always profitable.

NewRanger

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Quote from: baiwei on November 08, 2020, 08:56:11 AM

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.

some cryptocurrency already take over gold price now , and people start thinking cryptocurrency were good place for investing, many of them give huge profit to investors. gold and other commodity like silver and be crypto market competitor , it make investors confuse in which place big portion will put.

maldini

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It is chosen the premise of gracefully and request, on the off chance that flexibly is high and request is low, at that point the cost will fall and the other way around. So on the off chance that you have an authority over the flexibly, at that point you can really choose the costs and furthermore control them. While those whose group just thinks about fast benefit and their pockets won't go far nor even be working soon.

BryanJohn

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The value of a single bitcoin, the most mainstream of cryptocurrencies, surpassed the price of of gold. so Gold is good but can't be compare to cryptocurrency with fixed supply, the decentralization of the cryptocurrency industry will made this industry superior to gold.

baiwei

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Activity: 541

Merit: 250

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.

Henrobakkara

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I think both of them are very valuable and we also cannot compare the two because they are different, gold has a stable price and has been used by everyone for thousands of years, while bitcoin is only a few years old and no one can set the price until now

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