Can Crypto be more valuable than gold? - page 33.

kotajikikox

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Quote from: trauchot on August 27, 2020, 08:05:04 AM

Everything goes to this, because the cryptocurrency very quickly reached incredible heights and this is just the beginning, and when the whole world will recognize cryptocurrencies, then the prices of cryptocurrencies will begin to grow even faster and many cryptocurrencies will be more valuable and more expensive than gold.

Just an update,This market is already here for more than 10 years meaning there are much time for us to beat Gold but yet nothing happens.
Gold has been existing for thousand of years and consider as the most valuable thing to be founded so this will never happen overnight.
Not unless the whole world will support and use Bitcoin then thats another thing to expect in right time.

trauchot

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Everything goes to this, because the cryptocurrency very quickly reached incredible heights and this is just the beginning, and when the whole world will recognize cryptocurrencies, then the prices of cryptocurrencies will begin to grow even faster and many cryptocurrencies will be more valuable and more expensive than gold.

lienfaye

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Comparison between gold and crypto are always there and its been discussed few times already. Both has different uses and value but they are totally different.

Gold has physical features and increasing value as time passes. Some people are buying gold as an investment to keep their asset and its been happening for many years already. While crypto is a virtual currency and often tag as digital gold. I think if crypto already adopted by many countries and recognize as digital currency it can gain huge supporters and investors, means a chance to increase in price and became more valuable than gold.

kkofor

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Quote from: erikoy on August 27, 2020, 06:22:04 AM

Yes, it does already more valuable than gold. Seeing the market price increase of bitcoin from the day it was created to gold which price to compare should be the day that bitcoin too was created had a huge difference. Bitcoin has been doing a lot of increase than gold.

In my opinion Gold too is valuable but for now we can't deny the fact that bitcoin is really good compare to gold. Many gold investors now also transfer in investing bitcoin and other cryptocurrency the same as with the stock market investors that are now investing in cryptocurrency.

I really prefer to invest in Bitcoin because I can easily sell whenever I feel best and using Bitcoin gives me a lot of other investment options. Gold can be seen as an investment option for everyone but I think gold will soon lose its value and its capitalization will be lower than Bitcoin one day. Of course, nothing can be said and all is prediction.

Bossfidelity

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I'm certain that Bitcoin is more valuable than gold, but due to the volatility nature of cryptocurrency, I'll rather invest in gold or real estate because the value is relatively stable and has intrinsic value which could be enjoyable to me. I remember bitcoin was the best practising currency in the world at year 2017. Hopefully, we would be having more cryptocurrency whose value can contend with Bitcoin and others.

grizmoblust

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Quote from: ije07 on August 19, 2020, 12:44:37 PM

Gold and crypto have differences from each other, such as investing in gold, you don't have to worry about losing money because the selling price of gold increases every year. different from BTC is a digital coin, yes, even though the price of BTC is expensive, it does not guarantee a fixed value. The crypto market is always changing all the time, we don't even know whether BTC will continue to go up or down.

In my opinion, the value of BTC will definitely increase even more in the near future as the price of Bitcoin remains the number one choice for many investors in this market. However, the crypto market is very volatile, so any mistake you make can cost you money, so before buying BTC, you should consider carefully and choose a reasonable price to invest.

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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?

The thing about crypto is it changes its value very drastically. Whether its for the better or the worse for you. Some days its value is really high then there are days when you least expect it, it comes plummeting down. I wont compare it with gold since i dont see gold plummeting to whichever direction in an abrupt way but if you have the right coin at the right time and you made profit, you win.

erikoy

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Yes, it does already more valuable than gold. Seeing the market price increase of bitcoin from the day it was created to gold which price to compare should be the day that bitcoin too was created had a huge difference. Bitcoin has been doing a lot of increase than gold.

In my opinion Gold too is valuable but for now we can't deny the fact that bitcoin is really good compare to gold. Many gold investors now also transfer in investing bitcoin and other cryptocurrency the same as with the stock market investors that are now investing in cryptocurrency.

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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?

Both are alternative assets, but gold has traditionally been used as a more secure bet than volatile investments like real estate. btc rise in value is encouraging for crypto advocates who have been hoping it could supplant the gold standard of safer investing. if you look at that and compare it to the price of 1btc, a bitcoin has a higher value. However, this is an arbitrary comparison. something doesn't need to be tangible to have value. It is a digital store of value and exists just like gold does, except not physically for you to touch. The forces of supply and demand still take effect to give it value just like with gold.

princecharles

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Cryptocurrency could become more valuable than gold in the near future, but as it stands today, the value of one bitcoin is higher than the value than one bar of gold. Gold is valued not just for its price, but for its intrinsic worth as it could serve as a necessity for the manufacturing of several ostensibly items. Bitcoin on the other hand is highly volatile and may not attract the attention of institutional investors who are very careful and cautious of items that make up their portfolio, owing to the fact that the funds are for their clients who are not willing to hear stories, if something goes wrong.

wiggi

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Quote from: Mauser on August 17, 2020, 05:04:15 AM

As technology advances we will see crypto currencies be more valuable than gold. Gold is heavy and needs a lot of security to be stored en mass. Moving large quantities of gold is such a security risk that governments use planes and submarines to move them to different locations. The cost of that compared to the transaction fees of crypto currencies ist just not feasible enough in the long run. Compared to crypto currencies you don't have all these problems, sure you need cyber security and internet access but still it's only a fraction of the cost compared to storing gold. Don't get me wrong commodities and gold in particular are still very valueable and will keep being so in the future. I would recommend holding some precious metals in every portfolio.

And as technology advances, crypto is getting more advanced too, scaleable and such. While gold stays the same, but gold mining technology improves and the million(s) of metric tonnes that are uneconomic to extract now may become cheaper to get in the future.

Not many large holders of crypto will spontaneously decide to buy gold instead. but the other way around it seems possible. With every year, crypto is less new and less unproven. In 20 years, gold is a relic, this time for real.

ije07

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Gold and crypto have differences from each other, such as investing in gold, you don't have to worry about losing money because the selling price of gold increases every year. different from BTC is a digital coin, yes, even though the price of BTC is expensive, it does not guarantee a fixed value. The crypto market is always changing all the time, we don't even know whether BTC will continue to go up or down.

iv4n

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For me crypto is more valuable than gold, and I have crypto, I don't have any gold, matter of fact I never really liked gold! In terms of value how much gold you can buy for 1 btc, or look it from other side how much gold do you need to buy 1 bitcoin?! Now try to search for the same parable from two years ago, than 5 years ago... when you finish with that you will see that how time passes you will need more gold for 1 btc, or from other side you will be able to buy more gold with 1 btc.

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I am not sure of that at this point of time. Gold is seen as a major hedge for ages of history and crypto is relatively new. We have to go a long way for that to happen . Definitely not in next 20 years.

Squezzi55

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Bitcoin is the only crypto that's capable to be on flat level with gold and crypto is now recognized as Money 2.0 and that's a very impressive something, I won't expect Bitcoin to beat gold but nothing is impossible, if this do happen it will only be temporary, gold is a bad ass too

judeafante

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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?

It's already surpassed its value, Crypto is more valuable now than gold if I will choose a gift I will prefer Crypto to Gold because the value is increasing and there are usage it's not only a store of value but a means of payment as well Crypto is considered the internet version of gold.

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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?

Not only the availability is giing the value to it, and also the usability of gold made it so expensive but with cryptos it is yet to be used as currency and for now it has been used as speculative asset not as storage of value asset like gold.

iTradeChips

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Cryptocurrencies like Bitcoin and Ethereum and all the others has some specific qualities that gold or even fiat money does not have. Basically two qualities that cannot be done on fiat money and other precious metals. 1. It is Universal - it means that it is not created by any government; and 2. Cryptocurrencies cannot be frozen, reversed, or seized which is censorship resistat. We cannot spend our US Dollars in others countries and I cannot spend Chinese Yuan in other countries as well. Cryptocurrencies can be used all over the world. Money created by governments, like all fiat money can be confiscated, destroyed and seized at will but cryptocurrency payments cannot be stopped by the anyone.

Source: https://medium.com/coinmonks/why-bitcoin-is-better-than-gold-3933e79658ce

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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?

it will happen, crypto will beat gold. maybe when everyone has switched to e-money it will happen. just now the popularity of crypto is comparable to gold and will continue to increase in the future. so it was only a matter of time. when everyone has switched and there is no more use of cash, crypto will become the number one payment and investment tool.

Vishnu.Reang

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Quote from: hrunya102 on August 17, 2020, 05:27:57 AM

Cryptocurrency is already more valuable in terms of investment than gold, just not everyone knows about it, but I think that this will gradually change and most people will know about the advantages of cryptocurrencies.

No. It is not more valuable than gold. The total market cap of all the cryptocurrencies in circulation amounts to less than $380 billion. The total market cap of gold mined till now amounts to a massive $11 trillion. Also, gold is being held by billions of individuals. On the other hand, active users of cryptocurrency (i.e those who have holdings worth more than $25) amounts to just a few million.

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