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Topic: Can Crypto be more valuable than gold? - page 29. (Read 5086 times)

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Sovryn - Brings DeFi to Bitcoin
September 04, 2020, 12:22:18 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?
Anyone holding these coins already know the worth of cryprocurrencies especially the legit one's with limited supply and deflationary decentralized model of crypto it is much superior an investment than holding gold and also considering it to be relatively new tech we can easily say that the growth prospects for crypto are huge.
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September 04, 2020, 12:17:58 PM
For now we already see that crypto more valuable than gold, we see how big the price different the gap was really far between crypto and gold but i still not sure crypto can replace gold
We still need gold and the gold supply decreased day by day because of high demand
But they can walk side by side to be a currency that support each other 67
But we never know the future just lets see
sr. member
Activity: 1876
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September 04, 2020, 12:06:12 PM
As the cryptocurrency community, I must be optimistic that someday crypto can be more valuable than gold.
It's just a matter of time, indeed for now crypto still doesn't get the trust of many people. But in the next few
years, I am sure many people will realize that crypto is more valuable than gold.
full member
Activity: 346
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September 04, 2020, 12:00:24 PM
Cryptos already being more valuable then gold but still cannot challenge the whole gold market in the world. So i think cryptos can still grow bigger then gold if only peoples accepting the use case for cryptos. Just like gold was almost all in the world like gold so we hope someday everybody will like cryptos then gold.
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September 04, 2020, 11:30:24 AM
From my point of view, there is a chance that cryptocurrencies could be more valuable than gold because many people are now buying cryptocurrencies and bitcoin rather than gold that mass adoption have increased. So it's value could increase more than gold after 10 years or more. But not today because not all people has an ability to buy cryptocurrencies, especially in the middle of the pandemic.
hero member
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Cryptocasino.com
September 04, 2020, 10:29:47 AM
You can only call bitcoin the gold of the 21st century with a great desire. At the moment, bitcoin and gold can't be compared. Go to any person and ask if they need gold, with a 99% probability they will answer "Yes". Do the same with bitcoin, and in 50% or more cases you will hear the answer "what is it?".
Then that means it'll heavily depends on the person we ask whether they are knowledgeable about bitcoin or not. I'm 100% sure people want gold just because it can be sold not because people really need it because in my opinion gold is just a stone and really have no use other than storing value because human kind have come to agree it has value.
even out there some people are exchanging their crypto for gold and other way around means it could be considered that both gold and bitcoin could be compared value wise.
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Proof-of-Stake Blockchain Network
September 04, 2020, 06:54:47 AM
The fact that cryptocurrencies are compared with gold already shows how great the value of gold is. People have been using gold as an accumulation of wealth and calculations for several millennia. Do you really think that cryptocurrencies that have existed for a little more than a decade can at least compare with gold?
Rome wasn't built in a day, BTC is known as a digital gold of 21th century. The replacement of Gold wouldn't be possible because of the economic principles, the scarcity is the reason why demand increases every year. The same theory can be applied to 21 mln BTC and it will be challenge to find a new mined BTC later. The only choice will be to buy from someone else who has bought it from cheap price before you.

You can only call bitcoin the gold of the 21st century with a great desire. At the moment, bitcoin and gold can't be compared. Go to any person and ask if they need gold, with a 99% probability they will answer "Yes". Do the same with bitcoin, and in 50% or more cases you will hear the answer "what is it?".
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September 03, 2020, 07:54:42 PM
I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.

Crypto is more valuable than gold, I don't have to think about it! Gold is overrated, it's just a precious metal and it's good to wear it around your neck, in your ears, or anywhere on your body, but cryptocurrencies are capable of doing mathematic, to make contracts, smart ones, they can do much more for us and they can help us a lot with our economy.

in the near future, the technology era will become more and more modern. people will used virtual money or crypto frequently as their payments. for now maybe gold is good for investment, but i believe people will defected into crypto in the near fututre.
full member
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Proof-of-Stake Blockchain Network
September 03, 2020, 06:40:34 PM
The fact that cryptocurrencies are compared with gold already shows how great the value of gold is. People have been using gold as an accumulation of wealth and calculations for several millennia. Do you really think that cryptocurrencies that have existed for a little more than a decade can at least compare with gold?
sr. member
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C U
September 03, 2020, 06:39:46 PM
Somehow, this question is dumb. You already know that some coins are worth more than gold and you've seen that BTC reached 20k back in time and that surely means that it might be worth more than that so i can come to a conclusion that crypto is way more valuable than gold because of its fixed circulation and its expected growth and adoption. Instead of this question, you should've asked if it's possible to combine the use of crypto and cryptography to regulated the gold reserves maybe oneday.
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September 03, 2020, 04:02:00 PM
Cryptocurrency most especially the great bitcoin will surely be more valuable than gold. It was proven in 2017 when bitcoin reached around $20,000. I'm sure it is still going there this year.
copper member
Activity: 351
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September 03, 2020, 03:53:48 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?
it is possible for bitcoin to be more valuable than gold.. but not cryptocurrency in general.. I'm yet to see anything special about about any cryptocurrency so far to make it more valuable than gold
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September 03, 2020, 03:47:08 PM
It can be more valuable in terms of the system and the integration of it, but in terms of economy, gold surely has much more potential and popularity than crypto because gold is widely accepted while the crypto isn't but in the near future if the crypto becomes accepted and all of the people began to know the potential and the advantage you will get when it comes to crypto it will surely becomes more valuable.
Being universal accepted and used is what every crypto dream to be and this is why gold is more valuable than crypto. Supply level is fixed or Transparent as OP said mean nothing when it isn't able to get the ultimate goal: universal accepted.
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Activity: 1694
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★Bitvest.io★ Play Plinko or Invest!
August 30, 2020, 01:42:17 AM
I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.

Crypto is more valuable than gold, I don't have to think about it! Gold is overrated, it's just a precious metal and it's good to wear it around your neck, in your ears, or anywhere on your body, but cryptocurrencies are capable of doing mathematic, to make contracts, smart ones, they can do much more for us and they can help us a lot with our economy.
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Vave.com
August 30, 2020, 12:44:57 AM
I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.
hero member
Activity: 2114
Merit: 520
August 30, 2020, 12:25:10 AM
Gold has always been a safe haven for investors in turbulent times. If you look at the gold price in the last month then it's pretty obvious that gold always rises in times of crisis.
Most of investors always find ways to divert their money, it's simply being applied when the crisis rises up most invest their money to gold for much safer keep.


The same thing happened in 2008 during the world financial crisis.

Indeed. It's been this way and it's keep repeating the same situation.


I think if you compare the current value of all the gold on the planet to the value of cryptos than gold is still miles ahead at the moment.
That doesn't mean it can't change in the future though.

We don't have that guarantee in the future but we never really know what bitcoin can bring.
member
Activity: 161
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August 30, 2020, 12:07:38 AM
No, the supply level is fixed and transparent ain't give cryptos enough edge to be seen as more valuable than gold. Gold has many edges over cryptos like it was a real thing, used a back up for many fiats and banking systems.
sr. member
Activity: 1722
Merit: 269
August 29, 2020, 06:18:24 PM
Gold has always been a safe haven for investors in turbulent times. If you look at the gold price in the last month then it's pretty obvious that gold always rises in times of crisis.
The same thing happened in 2008 during the world financial crisis.
I think if you compare the current value of all the gold on the planet to the value of cryptos than gold is still miles ahead at the moment.
That doesn't mean it can't change in the future though.
hero member
Activity: 1988
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Leading Crypto Sports Betting and Casino Platform
August 29, 2020, 06:01:05 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?

If the economy in the future would be the same as on the movie Blade Runner 2047 and other eutopic movies, then I guess crypto would be really valuable more than gold. But this argument keeps popping up from time to time and the answer is pretty much the same. Both crypto and gold have their different system, use, and purpose, in which the crypto has more advantage than the gold. If price and stability would be the meaning of being valuable, then gold is far ahead from the crypto.
full member
Activity: 882
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Your Data Belongs To You
August 29, 2020, 04:00:38 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?

What do you mean by more valuable?

Your question in the essence is wrong. You cant not measure how valuable is one or other asset by price, you can meausre how the asset perfroms over the year, how stable it is and how much the price has grown. In the near future, btc can give more profit sure but in the long term crypto is under threat cause of variety of reasons.
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