Topic: Crypto can be less volatile than gold? - page 15. (Read 2302 times)
it is true crypto is currently unstable compared to gold, but crypto is more advantageous than gold although gold is not at risk and the price of gold is determined by the central bank
yes that's the risk if you want to adopt from the price of crypto is not stable when compared with gold
but I feel crypto is more profitable if adopting it than gold,
profit can reach 2-fold
but I feel crypto is more profitable if adopting it than gold,
profit can reach 2-fold
Bitcoin will eventually end up like gold. Gold has a very long history behind it and bitcoin is at its early stage yet so it takes time for that to happen. If all 21 million bitcoin will be mined and circulated then absolutely the means that it is accepted worldwide and people will start using it and no entity will manipulate it anymore. That can lessen the volatility of bitcoin's price.
Many people compare crypto to gold, and I see so many similarities as well.
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
It is very unlikely that is going to happen anytime soon, people have been using gold for thousands of years while bitcoin is a very recent invention, we also know that we can make the economy work with gold because that is the way it used to work and many civilizations of the past used gold and silver as their main currencies while we do not have an idea if we can make the economy work with bitcoin and cryptocurrencies, so as you can see there are many unknowns about bitcoin and those unknown factors make the volatility even greater. I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
Many people compare crypto to gold, and I see so many similarities as well.
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
You are right, and it will be less volatile. But until then volatility is also good, for earnings when buying or selling.
yes. with more players in the game and specially, more qualified traders and investors that don't react to news as emotional as the current userbase (not all but many).
imagine a pension fund or other funds joining crypto for a mid term (5-10y) investment. they hold. and they hold a lot.
imagine a pension fund or other funds joining crypto for a mid term (5-10y) investment. they hold. and they hold a lot.
it would be great if someday bitcoin would be less volatile than gold. Even so, one thing we need to consider if paying attention to the price of gold from year to year has been approximately 7 years since gold recorded the highest price of $ 1.9k in 2011. If bitcoin also follows a trend like this, that means it could be bitcoin will stable after listing ATH where the stable number is below ATH.
I'm afraid not, Gold is different thing. they both have disadvantages like during a war gold is hard to carry when you have a lot of them but when you have crypto you don't have to worry about that. crypto on the other hand if your wallet is compromised you will lose it all in a blink on an eye.
Indeed, today's cryptocurrency markets are not particularly stable.
Most of the time, they are hardly a safe haven because they are volatile.
Most of the time, they are hardly a safe haven because they are volatile.
It is unlikely that at least the same regulation is required from the countries
I believe in the future when many people already boringly well-understood bitcoin as financial assets, the price will stabilize. Currently, the revolutionary technologies haven't been yet widely spread and acknowledged by the mainstream. That is one of the reasons the price is volatile.
Bitcoin transactions do not involve banking and government. But the price is determined by the market itself. In addition, Bitcoin digital currency is issued in limited quantities. Unlike Dollar and other currencies.
While in gold investment is the most favorite instrument. Because of the chart of price movements, world gold prices always tend to rise.
In addition to price, gold is also safe for long-term investment, there is legality and the analysis of the price movement is quite simple.
I think more stable gold. But I hope bitcoin can be like gold.
While in gold investment is the most favorite instrument. Because of the chart of price movements, world gold prices always tend to rise.
In addition to price, gold is also safe for long-term investment, there is legality and the analysis of the price movement is quite simple.
I think more stable gold. But I hope bitcoin can be like gold.
The reason why the Bitcoin price is so volatile is because the bitcoins are not evenly distributed to a lot of people. You still get a few "Whales" with loads of coins that can manipulate the price. When coins are distributed more evenly, these "Whales" will have less coins to dump on markets or less fiat to buy big amounts of coins.
So you will have a much less volatile price movement in theory on the exchanges, because more people are influencing the price and not only a small group of individuals with a lot of coins/fiat.
So you will have a much less volatile price movement in theory on the exchanges, because more people are influencing the price and not only a small group of individuals with a lot of coins/fiat.
Yes it is possible. But to begin with, the cryptocurrency should completely replace real money. But in general Bitkoin is the same gold, only it is digital.
the krypto market is hard to guess. because the price every day can change the fox sometimes up sometimes down is very difficult for us to find the right time for sales.
very different from the price of gold in the market. gold always rises in the market and this is in line with the dollar price in the market and very rarely did the gold decline.
very different from the price of gold in the market. gold always rises in the market and this is in line with the dollar price in the market and very rarely did the gold decline.
Of course it can be. Bitcoin's volatility now turning slow, I mean it is getting stable.
Gold has been around for quite some time and and it took a great deal to attain it's current status and for Bitcoin to be better than it will require more time and investment.
It's true and I think what you think, and the price of crypto will never be stable because the price is always moving and the price of crypto will always rise.
Although over time with adoption, Bitcoin would become much more stable, but when compared to gold there is a bit of difference in supply and demand mechanisms. While Bitcoin's supply schedule is pre-programmed/perfectly inelastic/vertical supply curve, although gold's supply is limited, but no one exactly knows how much of gold is there on earth (not including gold resources on other planets) and gold mining works more along the lines of maintaining a supply-demand equilibrium/price stability, no such mechanism in Bitcoin and that's what makes Bitcoin although a riskier, but better long-term investment than gold. The inelastic supply would always contribute to Bitcoin's volatility, but longer periods of stability will be achieved with further adoption.
Many people compare crypto to gold, and I see so many similarities as well.
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
I believe one day crypto can be less volatile than gold. If more people adopt, and address values to everyday items, trading in a daily basis, (like for grocery shopping) then crypto will be easier to use, safer, fluctuate less in terms of prices, and a lot more stable.
What do you guys think?
If bitcoin is well distributed among the public and the whales have lesser bitcoin at their disposal then bitcoin could be less volatile or could be stable in value. The reason why bitcoin have a sudden volatility is because of the whales who own a huge amount of bitcoins. Some owns 80k bitcoins while the other have more than 150k bitcoins at their disposal.
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