Can Crypto be more valuable than gold? - page 31.

Kasabus

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Quote from: Btc_1856 on August 28, 2020, 08:21:22 AM

Quote from: ?? on ??

For now, it's not because of the extreme fluctuation of each altcoins. Gold is getting more expensive every year even though the price increases only slightly but it is very safe for long-term investment. So this temporary cryptocurrency is only for looking for additional income but on the condition that the risk is borne by the personal.

Gold is always a long term investment which we need to buy them whenever there is a price drop in the market. Crypto are becoming more matured if we compare with the previous years, we have seen most of the governments not showing much interest towards this block chain and cryptocurrency. Now governments are showing lots of interest towards this block chain technology and it will help the potential coin to increase its demand easily.

Crypto for now is not that high in demand compared to gold but since we are heading into a cashless society, then we can expect that crypto will now be more popular and later on become valuable too. And knowing the fact that gold serves only as an investment but when it comes to crypto, it's more of a currency rather than an asset or investment so it has more advantages compared to gold.

Btc_1856

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Quote from: ?? on ??

For now, it's not because of the extreme fluctuation of each altcoins. Gold is getting more expensive every year even though the price increases only slightly but it is very safe for long-term investment. So this temporary cryptocurrency is only for looking for additional income but on the condition that the risk is borne by the personal.

Gold is always a long term investment which we need to buy them whenever there is a price drop in the market. Crypto are becoming more matured if we compare with the previous years, we have seen most of the governments not showing much interest towards this block chain and cryptocurrency. Now governments are showing lots of interest towards this block chain technology and it will help the potential coin to increase its demand easily.

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Quote from: pankowri on August 28, 2020, 07:49:07 AM

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?

This is not clear to me what do you mean by more valuable. If it considered as marketcap then we can mention the crypto as more valuable than gold. Both has demand on their on field. If we considered crypto as legalized then the demand and price will be more than now. So it can be said that it has a good potential.

it can be, but it is not at the moment, but there is also one point that one should bear in mind
gold is a store-of-value, and some crypto is also trying to play the store-of-money role, most notably BTC, so it make sense to compare market capitalization of BTC and gold, or all store-of-value crypto currencies and BTC, but does not make sense to compare crypto market capitalization with gold, since some crypto currencies are utility tokens, or have other purpose than store-of-value

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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?

This is not clear to me what do you mean by more valuable. If it considered as marketcap then we can mention the crypto as more valuable than gold. Both has demand on their on field. If we considered crypto as legalized then the demand and price will be more than now. So it can be said that it has a good potential.

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Quote from: Alibaba213 on August 28, 2020, 04:44:49 AM

Yes, Crypto can be more valuable than gold, but since it is very volatile it tends to fluctuate in terms of value, unlike gold which has a stable price.

I think it depends on each individual in terms of assessment, because I personally value gold more than cryptocurrency, so that all the results I get in crypto I immediately turn gold into real form.

Alibaba213

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Yes, Crypto can be more valuable than gold, but since it is very volatile it tends to fluctuate in terms of value, unlike gold which has a stable price.

Henrytrust

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It depends on what we consider valuable. In my opinion, cryptocurrency is a wide range of coin, but gold is specific. The only cryptocurrency that can be compared to gold in terms of value per unit is bitcoin. Gold has value by its nature and even a market is not readily available it Could be melted into several articles. Bitcoin is a digital cash and can't be seen and not as recognised as Gold in stock exchange.

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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 think the one key advantage of cryptocurrency is the technology, gold is a traditional asset while cryptocurrency is a modern currency. So I think that's why technology is the advantage of cryptocurrency, not supply. For me, the value is measured from its usefulness, from here I prefer cryptocurrency where blockchain can still be developed and in terms of usability cryptocurrency can be suitable for use in various matters relating to digital systems. Gold in the concept of government has a very high value compared to crypto, and some people think that is true, so the value can differ depending on how people measure it.

Wingsbtc

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Bitcoin is a digital copy of gold, that's the best explanation right now and yes Bitcoin have proven to be bit better during this pandemic period, everything was affected like stocks and others but crypto was the strongest that withstand the storm, it's damn possible that Bitcoin can surpass gold

foxy

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Crypto can surely overtake but It will take a lot of years to do so because currently, gold's cap is sitting at trillions of dollar whereas the market cap of the whole crypto space is at just $355B(at the time of writing).

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I have no doubt that after some time and in the nearest future the value of the gold will be depreciate and the cryptocurrencies will surpass the value of the gold knowing that many people now are getting involve in the cryptoworld.

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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?

cryptocurrency more precious than gold for industrial crypto has grown and really make the newcomers in the industry crypto amazed and they did a good investment and begin to understand and correct asset bitcoin has beaten gold in terms of price and investment because in this digital age has changed the thinking of many people's investment and trade in cryptocurrency.

wack slacker

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What do you think about value? I think cryptocurrencies are risky than gold because their price volatility is too large and difficult to control. And gold is more stable and chart changes over a long period. But in terms of the rate of increase in value, crypto is much faster than gold in case the price of the crypto you buy can go up 2-10 times or even more in a short time. The most important thing to talk about value is the nature of the crypto, the best possible increase in value, and the price you buy.

LouVandetta

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Our opinions regarding this thing cannot hold anything to, I guess. The answer's maybe yes or not since no one really knows the future of gold or even crypto. But if you ask someone out on the street, most of them might choose gold over some crypto, why? Because not everyone pretty knowledgeable about crypto world, meanwhile gold has been here since long ago and people atleast know that gold's a valuable thing. Gold has been backed up by goverments and a solid regulation and all, so, it might be yes or the other way around.

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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?

May say the supply of gold is infinite because recently scientists have found that there is so many gold in other planet but we can't compared gold with crypto at this time because the Gold market was born and accepted by the masses for a long time . Until the cryptocurrency market can catch up the Gold market about capitalization, we just know what its true value is

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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?

crypto is all transparent in terms of supply, we can even monitor and analyze crypto. for the price of crypto is higher than gold. but the advantage of gold is that it decreases slightly and increases slightly so that gold can be used as a safe asset

Banulit

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I think that in the near future after sometime crypto can overvalue gold especially once that the government started acknowledging cryptocurrencies. Another reason is that we all know that time to time the value of the crypto especially those top rank altcoin has a higher potential to grow and go to the moon which makes me confident enough to say that crypto can be more valuable to gold.

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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?

A fixed supply alone will not determine the worth of anything until the market can generate the interest. The key advantage is transparency when it comes to BTCitcoin and Litecoin even though it was started as a fun alternative but Dash and Monero does not have the transparency aspect and it will be valuable as long as the privacy aspect is kept and the market is able to list these privacy coins in the exchanges.

lxiaoh

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I think that is almost impossible. Gold's role as first and foremost a currency has not changed since ancient times, i deeply believe Gold will continue to play that role in the future, nothing can replace it, even BTC cant. Crypto just some number, cant see or touch.

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Does it have to be valuable? Why are people so obsessed with the price? They only think crypto currencies are here for helping people make profits through quick investment.
I mean, lets just focus on the main goal of crypto currencies? Bitcoin was invented to be used as a form of currency, not as a form of investment to make quick profits!
Trust me, if crypto currencies go mainstream and are used as regular currencies, the price will be much more valuable than gold.
Focus on developing and spreading facts about it instead of comparing it with golds and other things.

Topic: Can Crypto be more valuable than gold? - page 31. (Read 5103 times)