Topic: Cocoa Surpasses Bitcoin as most lucrative asset of 2024 (Read 124 times)
Okay, that's good for Cocoa farmers that they're able to make a lot for this year and let's give that to them and they deserve all the hard work. But this is literally a comparison of oranges and apples. Well, if someone from the forum are into both of it, he/she is in both profit and have a prosperous year for 2024. While if we'll compare it with other assets that have been lucrative for this year, actually there's a lot of them including the known tech stocks.
Most Lucrative asset of 2024?
Dude, is Bitcoin the only asset around?
Do a simple check on the altcoins like Doge, XRP, Solana and tell me how many gains they have made at the beginning of the year vs your Cocoa Futures. It would also be interesting to see how Cocoa has performed vs Bitcoin for over a couple of years.
Mind you, this is not even a complete bull run which is expected to continue until later in 2025
Dude, is Bitcoin the only asset around?
Do a simple check on the altcoins like Doge, XRP, Solana and tell me how many gains they have made at the beginning of the year vs your Cocoa Futures. It would also be interesting to see how Cocoa has performed vs Bitcoin for over a couple of years.
Mind you, this is not even a complete bull run which is expected to continue until later in 2025
I think Op is just trying to sight an example of something special off this update cause its always interesting if any asset is compared to Bitcoin seeing how big and famous it has become, it's never going to cause any fuzz if he gets to compare cocoa as an asset with some other lose altcoin and that's why Bitcoin is always the target as it's already famous. But what I will say on this is that Bitcoin s something for the future which is rapidly growing and so cocoa is no match even though today's stats with Bitcoin and any other asset will say otherwise.
Most Lucrative asset of 2024?
Dude, is Bitcoin the only asset around?
Do a simple check on the altcoins like Doge, XRP, Solana and tell me how many gains they have made at the beginning of the year vs your Cocoa Futures. It would also be interesting to see how Cocoa has performed vs Bitcoin for over a couple of years.
Mind you, this is not even a complete bull run which is expected to continue until later in 2025
Dude, is Bitcoin the only asset around?
Do a simple check on the altcoins like Doge, XRP, Solana and tell me how many gains they have made at the beginning of the year vs your Cocoa Futures. It would also be interesting to see how Cocoa has performed vs Bitcoin for over a couple of years.
Mind you, this is not even a complete bull run which is expected to continue until later in 2025
There are many altcoins that have shown significantly higher profit margins than Bitcoin.
When reading the op, I thought that there's no way Bitcoin is the top performing asset of 2024. I was certain there were altcoins and possibly assets in other industries which have surpassed Bitcoin on the YTD chart.For those looking to diversify, I'll recommend assets like this which are out if the niche industry Bitcoin is in.
I agree with you about the irrelevant comparison of the 2 but I think he is just trying to compared them based on the price growth for this year(not overall) which means those who invested on cocoa commodities gains more profit than Bitcoin investors who just start investing this year.
But if we consider the over all growth from the beginning then Bitcoin will surely wipe the floor with cocoa all day long.
Anyone knew where this kind of commodity can be purchased?
The growth is indeed surpassed the bitcoin but it should be mentioned in op about the reason why it is compared to bitcoin and no matter how much the difference that people who invested in commodities and in bitcoin because as long as they earn profit then it's just the same situation where they earn profit and the difference is the amount of profit. If only both are cryptocurrency then I wouldn't mind about the comparison to cocoa and bitcoin but it's not and the two are completely different. But if we consider the over all growth from the beginning then Bitcoin will surely wipe the floor with cocoa all day long.
Anyone knew where this kind of commodity can be purchased?
There are many altcoins that have shown significantly higher profit margins than Bitcoin. For example, Sol increased in price from $9 in August 2023 to the current value of $190, which is more than 2000%. And at the same time, no one compares Sol with Bitcoins, unlike OP, who put BTC and cocoa on the same level.
The Fact is cocoa is profitable as it’s shown massive growth and it’s a good investment for those in it as well as Bitcoin. I also made mention of bitcoin growth in the long term being more SIGNIFICANT
According to MarketWatch, cocoa has become the most profitable commodity of the year, surpassing Bitcoin.
Its price grew by approximately 185%, while BTC rose by approximately 128%.
even as that. i still maintain my stand that btc can not be compeered to any commodity. commodity is commodity while bitcoin is bitcoin. 
Cocoa has done well for itself same way Bitcoin has done.
Thank you for the this post. It has shown that there are under investments that are more profitable than cryptocurrencies. This shows that we shouldn't not limit ourselves to just the crypto industry but diversify our assets to other sectors. My country produces cocoa in large quantity and it had been neglected over the years. But it has now become a goldmine and the government is now investing heavily in the cash crop. Agriculture really profitable and investing in it might is not a bad.
According to MarketWatch, cocoa has become the most profitable commodity of the year, surpassing Bitcoin...
There are many altcoins that have shown significantly higher profit margins than Bitcoin. For example, Sol increased in price from $9 in August 2023 to the current value of $190, which is more than 2000%. And at the same time, no one compares Sol with Bitcoins, unlike OP, who put BTC and cocoa on the same level.
This is interesting, but you should also check how cocoa was doing in last few years compared to bitcoin.
I don't know if people are eating chocolates and candies more than ever, but I think bitcoin increased much more since it was created.
I don't know if people are eating chocolates and candies more than ever, but I think bitcoin increased much more since it was created.
It is funny how we can now compare Bitcoin to just anything whether they are related or not just to prove a point. We have not gotten over Bitcoin being compared to gold and silver. We don't even compare Bitcoin to altcoins which are more related the way we compare Bitcoin to these other commodities.
This comparison with cocoa don't match because cocoa is a commodity whose price is more stable than bitcoin's price which is subject to volatility. Even with the volatility, bitcoin is doing well for itself. These two belong to two different markets and the drivers of these markets are totally different. Let's give bitcoin a break with the comparison, any asset can be at the top of the chart, as long as it does not affect the price of bitcoin.
This comparison with cocoa don't match because cocoa is a commodity whose price is more stable than bitcoin's price which is subject to volatility. Even with the volatility, bitcoin is doing well for itself. These two belong to two different markets and the drivers of these markets are totally different. Let's give bitcoin a break with the comparison, any asset can be at the top of the chart, as long as it does not affect the price of bitcoin.
no question that cocoa has been more profitable this year, however, I don’t think these two should be compared, since one is a crypto and the other is a commodity.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
I agree with you about the irrelevant comparison of the 2 but I think he is just trying to compared them based on the price growth for this year(not overall) which means those who invested on cocoa commodities gains more profit than Bitcoin investors who just start investing this year.
But if we consider the over all growth from the beginning then Bitcoin will surely wipe the floor with cocoa all day long.
Anyone knew where this kind of commodity can be purchased?
You can try on these options.
https://www.finder.com/investments/invest-in-cocoa
Quote
1. Invest in cocoa ETFs
2. Purchase stock in cocoa companies
3. Purchase cocoa futures
2. Purchase stock in cocoa companies
3. Purchase cocoa futures
I agree with you about the irrelevant comparison of the 2 but I think he is just trying to compared them based on the price growth for this year(not overall) which means those who invested on cocoa commodities gains more profit than Bitcoin investors who just start investing this year.
But if we consider the over all growth from the beginning then Bitcoin will surely wipe the floor with cocoa all day long.
Anyone knew where this kind of commodity can be purchased?
I think what Sanitough was also trying to actually clear is that the comparison shouldn’t even been between this two as they are not even evenly related, the market cap is a distinct difference between these two, Cocoa is a very small in terms of its market cap and flipping it will be very easy, if we are even going to be comparing this things then we should go with their market caps.
For example we have the SUi coin in cryptocurrency which has pumped more than 350% last one year but its impact to bitcoin pump is insignificant because of the market cap of 12 billion that it has. So this compromising isn’t even worth.
But yet again this shows the need for diversification to other assets aside bitcoin to help maximize profits and also reduce the loss
no question that cocoa has been more profitable this year, however, I don’t think these two should be compared, since one is a crypto and the other is a commodity.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
I agree with you about the irrelevant comparison of the 2 but I think he is just trying to compared them based on the price growth for this year(not overall) which means those who invested on cocoa commodities gains more profit than Bitcoin investors who just start investing this year.
But if we consider the over all growth from the beginning then Bitcoin will surely wipe the floor with cocoa all day long.
Anyone knew where this kind of commodity can be purchased?
I’m not sure how this comparison even came about, because Cocoa and Bitcoin operate in completely different worlds. Cocoa isn’t the same as Bitcoin, which has a fixed supply. When demand for Cocoa increases, production can easily be scaled up to match it. While Cocoa may have performed well this year, its price growth doesn’t hold up when you take a broader view.
Historically, Cocoa’s lowest price was about $700 per metric ton, and it’s now around $12,000. In contrast, Bitcoin went from less than $1 to over $100,000, a big difference in growth. in addition, Cocoa is a consumable commodity that gets used up, while Bitcoin is digital, allowing it to be held or stored indefinitely. The two are just fundamentally different.
Historically, Cocoa’s lowest price was about $700 per metric ton, and it’s now around $12,000. In contrast, Bitcoin went from less than $1 to over $100,000, a big difference in growth. in addition, Cocoa is a consumable commodity that gets used up, while Bitcoin is digital, allowing it to be held or stored indefinitely. The two are just fundamentally different.
no question that cocoa has been more profitable this year, however, I don’t think these two should be compared, since one is a crypto and the other is a commodity.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
Man, you can just look at cocoa’s market cap, it's about USD 26.70 billion in 2023, that’s barely a sip compared to Bitcoin’s daily trading volume.. bitcoin’s market cap is close to USD 2 trillion. In other words, they’re not even on the same level.
It seems a missed good commodity on trading. If you think about it, not much would see how valuable this kind of asset in the real world. People are busy looking for company that are famous like Elon Stocks and other famous known personality company. But its likely not the stuff like that. Good find and research about it. If thats the progress then congrats to those who bought the shares from that.
According to MarketWatch, cocoa has become the most profitable commodity of the year, surpassing Bitcoin.
Its price grew by approximately 185%, while BTC rose by approximately 128%.
Cocoa is a widely used crop in various fields like baking, beverages, confectioneries and chocolate productions.
Since there was an increase demand of chocolate which accounts for about 80-90% of cocoa consumption.
Cocoa’s growth might have experienced a short term surge surpassing bitcoin this year but the long term growth of bitcoin is highly significant.
While both of them are different commodities/Assets with distinct characteristics, they also have different factors affecting their growth hence I see no reason for their comparison except growth.
Cocoa has done well for itself same way Bitcoin has done.
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