Topic: Gold and Crypto - page 5. (Read 871 times)
Bitcoin is capable to be on par with gold when it comes to rating but we all know that bitcoin is not stable as gold is, in fact all crypto apart from stable coins are volatile, look at bitcoin today it's back to 7k from 20k, it's really not up to the standard of GOLD or SILVER
Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys
I don't think it's possible if bitcoin is equated with gold, why? The first is clear because the price of bitcoin can go up and down even in a matter of minutes, while gold almost every year always goes up, and the problem is, will those who do not know cryptocurrency receive a gold price that fluctuates in every minute? I don't think there is an analogy that is mutualism between gold and cryptocurrency, even if there isn't going to last long because there are more disadvantages than advantages 
People prefer to invest gold than bitcoin because many of them don't know what bitcoin is. They used gold because gold is a stable investment for them, and it will give them a profit in the future. But now, people have a new choice for the investment which is bitcoin, and people can use bitcoin as the new investment. But unfortunately, many people still don't know or not heard about bitcoin, so they think that gold still is the best investment for them. But if they know bitcoin and they want to learn more about bitcoin, I believe they will use bitcoin too as the investment.
But people who involve in the crypto world are worrying with bitcoin price volatility, and they cannot hold bitcoin for a long time. But for the other people who believe in bitcoin, they will not have a problem for the volatility, and even they will buy more bitcoin if the price is down. They think that the bitcoin price in the future will increase so high.
But people who involve in the crypto world are worrying with bitcoin price volatility, and they cannot hold bitcoin for a long time. But for the other people who believe in bitcoin, they will not have a problem for the volatility, and even they will buy more bitcoin if the price is down. They think that the bitcoin price in the future will increase so high.
The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys
I think Bitcoin is already becoming a lot like gold. People are hoarding Bitcoin now for ... what? Hoping their value would rise against USD, or at least protect it from inflation. Much like why people buy gold.I don't think making coin backed by real gold would be attractive. Why coin? Why not buy gold directly? It just doesn't make sense to me why would anyone buy digital coin "backed" by real gold supposedly held by third parties. I could already think many problems that would arise by this model.
Gold is a minimum risk investment, and is good for the long term. Bitcoin has its own value and cannot be compared to gold.
I think bitcoin is only for digital investment nowadays because its regulation in some countries has not been in the leave nor in the authorize like gold to be used to trade or investment in real life. But it could have been in the future some countries would legalize for payment in real life because in crypto it can all happen.
Nowadays gold and crypto is a long term so those want good profit, buy some Bitcoin and invest long term because crypto make more profit on shortly. But gold is a forever growing coins and it will never dump on gradually so those are trying to secure investment for long term, Both Bitcoin and gold are golden opportunity in current economy.
To be held in the long run I think that's the right thing. But there is a difference between gold and bitcoin, bitcoin can suddenly decrease or the price can suddenly decrease and also suddenly rise, it is difficult to estimate when the right time to sell and buy while gold I think the price from year to year has increased even just a little.
the comparison of bitcoin or crypto with gold seems quite far. metals such as gold or silver determine the price of Fiat, while bitcoin is determined based on the price of Fiat, it's quite difficult to compare. because of this, bitcoin is only considered as an investment tool that has large fluctuations and becomes a transaction tool that has good speed. however, bitcoin cannot be compared to gold or other metals based on its function. but, sometimes people always equate the price development of bitcoin and gold.
it's hard to say yes to bitcoin. how can bitcoin be an incentive for someone's financial vulnerability while the value is very volatile? rather it will be dangerous and bitcoin cannot be made a comparative source on other assets, bitcoin is different and bitcoin has and determines its own value.
Bitcoin is determining its own value there's no question to that, but if in case that mass adoptions happened it will surely take a good value along the way, there's no certain price and the market movement is volatile but thinking of much longer time frame and the possibilities that it will exposed to much more businesses and embrace the system, chances that it will grow and get the same treatment as valuable gold in the digital era is very much possible. 
It would seem that most investors who want to invest in Gold would prefer the real thing not a tokenized version of it for now even though there are projects promoting these types of products that are pegged to real world assets, but Bitcoin is starting to become considered a worthwhile alternative and there still isn't much correlation between the two different economies so having both in your portfolio might not be a bad idea for hedging or general investment purposes
it's hard to say yes to bitcoin. how can bitcoin be an incentive for someone's financial vulnerability while the value is very volatile? rather it will be dangerous and bitcoin cannot be made a comparative source on other assets, bitcoin is different and bitcoin has and determines its own value.
Gold (at least up until couple of months ago when I did the calculations) has a negative correlation with USD, therefore a good hedging vehicle when going into recession, Bitcoin still has no correlation with either USD or gold, since all value is relative, this should give you an answer to balance among them.
I think bitcoin won't be a comparative source supported by real gold, Bitcoin will still be bitcoin and won't be supported by anything, because bitcoin fluctuations can go up and down at any time, bitcoin will be the most expensive crypto currency.
While Gold has used a lot of blockchain technology, it means that gold will not outperform bitcoin because gold is good for long-term investment with minimal risk.
While Gold has used a lot of blockchain technology, it means that gold will not outperform bitcoin because gold is good for long-term investment with minimal risk.
Bitcoin is indeed expensive and has risks. Being backup'd by gold is for me not the style of bitcoin. Other cryptocurrencies might find it useful and has the same impact like gold. Unlike bitcoin, altcoins can focus primarily on one facet of the industry so being backup'd by other precious metals/gems could be possible.
I already saw some of projects which are backed by Gold but in reality I dont see any connection with that. I mean how can other company honor it (coin backed up) Is this even possible? gold is a national currency that can be exchange into different fiat money. So I its hard to believe people will likely to see a token or coin that can be exchange or backed by it.
Bitcoin is great BUT it won't be as much trusted as metals (Gold, Silver, Palladium,...), this is the reality.
YES Bitcoin reached All Time High (ATH) at $20 per One Single Bitcoin which was worth than Gold Silver, but look where it is now.
bitcoin is great & will be even greater but the volatility in there & in all crypto in general won't make it the " safest investment " place to put your money in.
YES Bitcoin reached All Time High (ATH) at $20 per One Single Bitcoin which was worth than Gold Silver, but look where it is now.
bitcoin is great & will be even greater but the volatility in there & in all crypto in general won't make it the " safest investment " place to put your money in.
Absolutely agree! Gold is a tangible investment and has proven its value for thousands of years. Crypto is a very volatile investment whereas, Gold is a stable one. Crypto can go high in a matter of hours but can also drop significantly at a very short period of time. So nope, I won't go all in crypto. If I have enough funds, I will always put my investment in gold. Though you can't get big profit out of this, at least you are at peace of mind that it will not lose its value.
I don't think so, Bitcoin is not a stable coin, the value of Bitcoin is volatile. While gold has always had confidence, the value of gold is very stable and continues to rise every year.
Bitcoin will never have that option. The value of bitcoin comes from its usability and it thinks it has already turned as a comparative resource. The price of coin that backed by gold comes from the gold itself which has already considered as a commodity and i think that's already completed all of the requirements. Actually, if that has already met the standard as bitcoin is also considered as a commodity just like gold but this more likely as a digital gold.
Without the help of bitcoin and that coin has met the standard as long as it was backed by real gold.
It won't happen.
The demand itself is enough to be the back up that we're looking for. Although it's hard to explain this to the people that haven't invested to bitcoin but they'll understand the power of the people's demand. The basic fundamentals of bitcoin being backed up by the miners and demand is already good enough to retain it's value.
The demand itself is enough to be the back up that we're looking for. Although it's hard to explain this to the people that haven't invested to bitcoin but they'll understand the power of the people's demand. The basic fundamentals of bitcoin being backed up by the miners and demand is already good enough to retain it's value.
I don't think a cryptocurrency that claims to be backed by gold's a good idea at all either; there's really no way for us to definitively know if the gold's real and if there's any actually backing the coin, and almost all of the coins that have been on the markets and are on the markets that claim to be backed by gold were scams or are likely scams, which doesn't help at all.
Just having cryptocurrencies like Bitcoin, Ethereum or another coin should be sufficient at the end of the day too. The coins that claim to be backed by gold don't have any advantage over existing ones, and they're also significantly less credible than older developments like the coins I mentioned earlier.
Just having cryptocurrencies like Bitcoin, Ethereum or another coin should be sufficient at the end of the day too. The coins that claim to be backed by gold don't have any advantage over existing ones, and they're also significantly less credible than older developments like the coins I mentioned earlier.
Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys
If the government and the community will accept it then it can actually happen.In crypto space all will always depend to demand, if bitcoin will be favored by the crypto community to be the coins worth of buying,holding and making as main crypto currency then other coins have no other option but to accept it even if they are being back by real gold or not.
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