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Topic: Can Crypto be more valuable than gold? - page 30. (Read 5103 times)

hero member
Activity: 2268
Merit: 789
August 29, 2020, 01:46:24 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.

Hmm this will depend upon several factors. The value of cryptocurrencies depends upon the people who are willing to buy such coins. Given that cryptocurrencies (bitcoin to be specific) is the so called 'digital gold', if people are willing to purchase it at a given price, then its value will definitely increase in the future. Again, we are comparing a tangible product to an intangible coin in which both have significant value in the market.

Most traditionalist investors prefer gold or stocks as an investment but the new age of investment, which is cryptocurrencies, is gaining its popularity rapidly.

Gold would not grow as speedily as crypto has been growing nowadays. So logically crypto is much more good as well as reliable options to make investments in it. Practically if we see this then you will understand Crypto has a lot more potential than gold in the future.

Investing into cryptocurrencies is still a double-edged sword compared to gold. The risk is relatively higher but the yield is also high. In gold, although it is generally safer as an investment, its price is not that volatile but the returns are average. I would still advise to invest into both if you have the resources so you can maximize the potential income you may receive.
member
Activity: 588
Merit: 10
August 29, 2020, 01:33:17 PM
Gold would not grow as speedily as crypto has been growing nowadays. So logically crypto is much more good as well as reliable options to make investments in it. Practically if we see this then you will understand Crypto has a lot more potential than gold in the future.
member
Activity: 181
Merit: 10
August 29, 2020, 11:31:21 AM
As you have seen, some crypto already has a value higher than gold. But to said it has more value than golds, in general, is a big no. Cause there is a lot of more thing to consider than just a price, golds being widely used around the globe which crypto didn't, being accepted by many countries, has a real use in for the manufacturer,... many more. Those kinds of 'value', you know?
full member
Activity: 1568
Merit: 100
COMBONetwork
August 29, 2020, 10:21:14 AM
Cryptocurrency has its own way, if you compare it to gold, I don't think it is necessary to think about it,
gold and cryptocurrencies are very different, or maybe there are people who think that Bitcoin is gold v.2
member
Activity: 882
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August 29, 2020, 09:49:00 AM
I think the popularity of cryptocurrency has also started to increase. I think now more people are familiar with crypto. it is not comparable to gold but some would argue that the potential of the crypto market could be greater than the slow-moving gold market and is more suitable for the long term.
Logically gold is a precious metal that is always suitable for storage for long-term duration because gold does not have fast movements, obviously this is very true, but for the crypto market that can move quickly, we also have to be more careful because the crypto market also can decline rapidly when we don't expect it, this is what everyone should consider because it involves risks that must be borne by everyone.
I totally agree. Cryptocurrency has huge potential and even greater than gold but the thing with crypto is its volatility. Crypto currency can quickly go down its value and may even vanish, unlike gold like what you have said it can be preserved and used it over and over again.
sr. member
Activity: 2324
Merit: 263
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August 29, 2020, 08:14:11 AM
Short answer - no. While gold is more popular and better regulated than crypto we will never see such a situation
Yes, and I think it will not be in line if someone compares gold with crypto, because gold has already been known by many people and has also been favored by many people because the price always increases gradually every year.
jr. member
Activity: 129
Merit: 1
August 29, 2020, 08:02:34 AM
Short answer - no. While gold is more popular and better regulated than crypto we will never see such a situation
hero member
Activity: 1834
Merit: 566
August 29, 2020, 06:16:10 AM
cryptocurrency especially bitcoin and major coins have more value than gold, finance industry investors consider cryptocurrency was best place as their portofolio its proved day by day many investors put their money here.even giant finance institution have special allocation for it, be confidence we were on right place.
can be said like that the price of crypto is considerably higher than gold but in terms of clarity I don't think it can be confirmed for crypto, gold has the potential for stability and crypto can go up and down at any time So in my opinion, crypto and gold have their respective advantages
isn't gold price also have high volatile ?
Firstly, Gold is not highly volatility in nature cause it still maintains stable price than crypto but that probably maybe because it was supported by governments as asset and federal reserve but with the potential of crypto like BTC which I believe could maintain stable price if supported by government like Gold.

recently gold price increase alot caused many investors recognized gold as safest investment at this moment. but while commodity market have negative news its price will decline alot . in finance industry both gold or cryptocurrency have high risk the ddifference was gold used as money back up.
Investors recognized Gold as a safe haven because of the economic crisis and the banking system crisis that was foretold but that doesn't mean Gold is risk free investment which is the reason it makes a slightly dump in price.
full member
Activity: 1130
Merit: 133
August 29, 2020, 03:54:33 AM
cryptocurrency especially bitcoin and major coins have more value than gold, finance industry investors consider cryptocurrency was best place as their portofolio its proved day by day many investors put their money here.even giant finance institution have special allocation for it, be confidence we were on right place.
can be said like that the price of crypto is considerably higher than gold but in terms of clarity I don't think it can be confirmed for crypto, gold has the potential for stability and crypto can go up and down at any time So in my opinion, crypto and gold have their respective advantages
isn't gold price also have high volatile ? recently gold price increase alot caused many investors recognized gold as safest investment at this moment. but while commodity market have negative news its price will decline alot . in finance industry both gold or cryptocurrency have high risk the ddifference was gold used as money back up.
full member
Activity: 600
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August 29, 2020, 03:27:16 AM
cryptocurrency especially bitcoin and major coins have more value than gold, finance industry investors consider cryptocurrency was best place as their portofolio its proved day by day many investors put their money here.even giant finance institution have special allocation for it, be confidence we were on right place.
can be said like that the price of crypto is considerably higher than gold but in terms of clarity I don't think it can be confirmed for crypto, gold has the potential for stability and crypto can go up and down at any time So in my opinion, crypto and gold have their respective advantages
full member
Activity: 1904
Merit: 138
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August 29, 2020, 02:37:35 AM
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.

Crypto may surpass the price of gold but they can't replace the usage of gold in important industries like jewellery or electronics. But of course, you can use crypto to buy gold by converting your crypto to fiat. But I don't think crypto can ever replace those use cases of gold. There's no way we need to compare these 2 because they are offering different purposes to humanity.
sr. member
Activity: 2338
Merit: 365
August 28, 2020, 06:03:30 PM
Cryptocurrency cannot be more value from gold...
gold is physical whereas Bitcoin does not. I once read a tweet from Robert T Kiyosaki on his Twitter account which states that; 'Cryptocurrency is people's money, while gold is god's money'.
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Activity: 297
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Life is beautiful !
August 28, 2020, 05:33:43 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 do not think any crypto currency token can compare to gold, i Mean the metal gold not the gold token or gold backed token.

Gold has been valuable since time past which dates back to centuries ago, it will continue to retain value until forever
member
Activity: 669
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August 28, 2020, 05:20:32 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?
Isn't it true that now all the coins you hold are valuable? If you compare it to Gold, of course it's different,
because Gold has been around for a long time, and cryptocurrencies are only 10 years old, how?
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
August 28, 2020, 04:38:50 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?

Of course crypto has more value than gold, because gold cannot be sent online and it is very risky, not to mention the security system, everything is much safer and more efficient if we use crypto.
No need to compare the Gold vs BTC, both assets have their role in the financial system. The digital Gold definition has been used by many crypto experts for explaining the value of cryptocurrencies in the economy, maybe this is the reason why there is a correlation between Gold and BTC prices.  I doubt the BTC will take over the total marketcap of Gold futures in the next decade. Even China which has the biggest economic power holds  some part of its state treasure in GOLD.
full member
Activity: 728
Merit: 101
August 28, 2020, 04:35:53 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?

Of course crypto has more value than gold, because gold cannot be sent online and it is very risky, not to mention the security system, everything is much safer and more efficient if we use crypto.
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Activity: 1358
Merit: 10
www.cd3d.app
August 28, 2020, 10:04:38 AM
The cryptocurrency market is always volatile. Due to instability, their prices are difficult to control, price rise and fall are high. Gold supply and price remain stable, prices change after a long time. Investing in crypto can make a lot of profit in a short period of time or there is a fear of losing capital. It is not possible to invest in gold. The characteristics of the two are different, so I don't think there is any comparison between them.
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Activity: 728
Merit: 63
$CYBERCASH METAVERSE
August 28, 2020, 09:50:46 AM
It is not susceptible to say whether crypto will be worth more than gold. It depends on the economic opportunities, the global political environment, and the evaluation of crypto. There is no doubt that crypto is much more valuable than gold in the prevailing situation. Nonetheless, in the age of globalization, it cannot be announced that the stance of crypto will not be robust.
Both are precious - one traditionally the other digitally 😉
full member
Activity: 1400
Merit: 103
August 28, 2020, 08:49:47 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?
Gold is tactile, you can touch it, make it an ornament, etc., its reserves on our planet are limited. It is also used to create chips, from which in the future they create equipment for mining bitcoin and other cryptocurrencies, so what do you think is more valuable?
jr. member
Activity: 84
Merit: 3
August 28, 2020, 08:34:17 AM
With some few years experience about bitcoin, show that crypto would be more valuable than gold. With the strategy on ground and how Bitcoin is developing some countries of the world, easy to invest, well safe in transition.
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