brawdias (OP)
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May 09, 2018, 07:56:18 PM |
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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?
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ovcijisir
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May 09, 2018, 07:59:30 PM |
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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?
Maybe one day in the far future. I can't imagine it will be possible that cryptocurrencies become less volatile then gold in near future. If you see price of gold it take few months or years to change price a little, and cryptocurrency price can jump +- 30% in a day. |
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Rozita
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May 09, 2018, 08:02:47 PM |
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I don't think so.
Even if Bitcoin or any other cryptocurrency is adopted by all the people, there will be whales that can manipulate prices.
The reason why gold price is more stable is not its adoption. Gold price is controlled by central banks.
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drmilind2004
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May 09, 2018, 08:07:26 PM |
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Gold is a physical store of value. At the end of the day you are holding in your hands a gleaming piece of metal that has an arbitrary price affixed because of its value in certain industrial processes and as a benchmark of luxury.
Cryptocurrency such as Bitcoin has no real world existence outside the digital realm, no industrial utility, and is at best a hyped up version of user points or in-game currency.
There's a reason why Gold, traded over centuries, has a lesser volatility than Cryptocurrency, that's been in vogue for a few years at best: trust honed by long experience.
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neliawesome
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May 09, 2018, 08:18:33 PM |
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Well for me bitcoin/crypto is more volatile than gold.Even though that bitcoin has a great value it can never beat the stability of the value of gold.
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magneto
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May 10, 2018, 11:24:05 AM |
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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?
There is definitely the possibility that this could happen. However, it's not guaranteed. As you said, there are similarities between gold and bitcoin that can clearly be drawn quite easily. However, we see that gold is much more stable in value in real terms (inflation adjusted) compared to both fiat currency and bitcoin at the moment. The main thing that makes crypto so volatile in my opinion is still the fact that it's relatively new, and markets are not as mature as the gold market. The number of adopters are still extremely small in bitcoin's case, compared to gold. I would not say that BTC can necessarily ever eclipse gold in terms of short and long term stability, but as adoption rates rise and more merchants start accepting BTC, there is no doubt that BTC will become less volatile over time. We're already seeing that now. The corrections and nowhere as large as a few years before. |
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Serco
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May 10, 2018, 12:30:48 PM |
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Most people do not know about crypto, they do not know that crypto is superior because of technology compared to gold. That is the reason why people prefer gold if we compare it, crypto has good technology, but gold does not have technology just in the form of bars or shaped money. Probably because the gold price stabilized thoroughly, then many people who want to invest. In contrast, crypto prices are sometimes unstable and difficult to predict, and this is a acceptable reason why people prefer to invest gold.
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Xester
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May 10, 2018, 12:37:27 PM |
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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?
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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krishnapramod
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May 10, 2018, 01:04:05 PM |
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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.
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SUDARMONO
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May 10, 2018, 01:11:56 PM |
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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.
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Coinlover9
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May 10, 2018, 01:16:37 PM |
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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.
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Quicksilver143
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May 10, 2018, 01:18:49 PM |
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Of course it can be. Bitcoin's volatility now turning slow, I mean it is getting stable.
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damrianto
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May 10, 2018, 01:29:08 PM |
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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.
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TirionLannister
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May 10, 2018, 01:40:40 PM |
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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.
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Kakmakr
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May 10, 2018, 01:41:03 PM |
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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.
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Tisubasha
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May 10, 2018, 01:46:54 PM |
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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.
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vv181
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May 10, 2018, 01:47:55 PM |
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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.
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CryptoCZe
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May 10, 2018, 01:50:45 PM |
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It is unlikely that at least the same regulation is required from the countries
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liangweicha
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May 10, 2018, 02:11:30 PM |
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Indeed, today's cryptocurrency markets are not particularly stable.
Most of the time, they are hardly a safe haven because they are volatile.
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zarados
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May 10, 2018, 02:13:25 PM |
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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.
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