Gold and Crypto

[aksh2596]

Many projects are coming with their project fundamental backed by Gold.This is because they want to introduce stable coin in this fluctuating market.I think  Gold can be used to stabilize the project. Gold has real value and to some extent can be trusted as stable investment.

[beemoore]

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

In my opinion, it will be difficult for Bitcoin to get a guarantee of gold metal. Because an organization that owns a huge amount of gold will not hold a huge amount of bitcoin to do so and many places around the world are still skeptical about the value of bitcoin because the blockchain technology is not. managed by anyone. So who will own the huge amount of gold equivalent to the huge amount of bitcoin to bail it?

[awik p]

I agree that gold and crypto specially if we talk about bitcoin. But we can say that gold is better than crypto because all we know that gold market never die and it is very easy to convert in cash in terms of pawing or selling unlike in crypto it is hard to find the right buyer of your coin specially when the crypto price is really in a low price value.

regulations and people's trust determine the value of the goods. we know gold has been a valuable item from the past, and everyone in the world recognizes it, and so does the government. It is different from crypto, which has not yet fully obtained the criteria

[pantek talacuik]

Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.

It's very much different that crypto can replace gold today. You can see that gold continues to be scarce or has a good price every year even though the increase is not so big. in contrast to virtual currencies that can fall and can go up in large amounts.

[oktana]

I sometimes assume how bitcoin can be as sustainable as gold.

gold is an increasingly scarce commodity, but it can still be extracted and found, try to compare it with the total bitcoin that has been set at 21 million transparently, what will happen afterwards. Denominations and devaluations that make bitcoin more expensive will actually succeed, but the inherent costs will also follow unnaturally. As long as it's still decentralized, bitcoin will also experience endless manipulation, different from what happens to gold.

[Bonenx14]

I sometimes assume how bitcoin can be as sustainable as gold.

gold is an increasingly scarce commodity, but it can still be extracted and found, try to compare it with the total bitcoin that has been set at 21 million transparently, what will happen afterwards. Denominations and devaluations that make bitcoin more expensive will actually succeed, but the inherent costs will also follow unnaturally. As long as it's still decentralized, bitcoin will also experience endless manipulation, different from what happens to gold.

both have differences and I think it will be different in taking the road too, but in my view bitcoin has more potential and therefore I believe the fate of bitcoin will be better than gold.

[btcdie]

Bitcoin is still Bitcoin, and Gold is still gold.
The price of bitcoin will never depend on gold. That will never happen.
Bitcoin and gold will compete hard, but you may still have both

Yaps, your answer is very logical and easy to digest. between bitcoin and gold, they cannot be falsified or duplicated, limited and valuable. but if you want a smaller risk, saving your wealth in the form of gold is the right step. conversely if you want to get rich / go bankrupt quickly you can choose crypto. if I was told to choose to save wealth, then I would choose 65% gold and only 35% in crypto assets.

[ven7net]

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 you have heard about gold, then you know that this precious metal was and is now the best means for storing funds. I read that Bitcoin can only rely on the title of digital gold, but this does not mean that BTC can become better than gold. The fact is that BTC has an unstable price and depending on the situation on the market, its owners can either lose money or make money on it when gold itself makes it possible to hold your funds without any hesitation.

[crisanto01]

I sometimes assume how bitcoin can be as sustainable as gold.

gold is an increasingly scarce commodity, but it can still be extracted and found, try to compare it with the total bitcoin that has been set at 21 million transparently, what will happen afterwards. Denominations and devaluations that make bitcoin more expensive will actually succeed, but the inherent costs will also follow unnaturally. As long as it's still decentralized, bitcoin will also experience endless manipulation, different from what happens to gold.

both have differences and I think it will be different in taking the road too, but in my view bitcoin has more potential and therefore I believe the fate of bitcoin will be better than gold.

Yes, and they can't be related to each other, that's hard to say for now unless there will be a global market that will do something for this to be connected, but for now it is far away to happen, anyway, I prefer that they will be not related at all, as we can do investment with them, wherein we can invest in both , as they do have different value and different timing of market, so in times of need, we can somehow pull out our investment to one of them.

[Soots]

Bitcoin is still Bitcoin, and Gold is still gold.
The price of bitcoin will never depend on gold. That will never happen.
Bitcoin and gold will compete hard, but you may still have both

Yaps, your answer is very logical and easy to digest. between bitcoin and gold, they cannot be falsified or duplicated, limited and valuable. but if you want a smaller risk, saving your wealth in the form of gold is the right step. conversely if you want to get rich / go bankrupt quickly you can choose crypto. if I was told to choose to save wealth, then I would choose 65% gold and only 35% in crypto assets.

Gold can be saved physically and cryptocurrency was virtually appreciated as an asset, so we needed to choose them with different perspectives. Both of them was highly profitable but with gold, you can't level up same as crypto did several years ago. It may boom higher, but not same as cryptocurrency's behavior like volatile market that instantly crashes.

[bitkanu]

Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.

It's very much different that crypto can replace gold today. You can see that gold continues to be scarce or has a good price every year even though the increase is not so big. in contrast to virtual currencies that can fall and can go up in large amounts.

Gold is a commodity that has already manipulated by the bankers and there is no doubt if the price of gold itself increasing a lot anytime even if that was a small increase. that's really different compared with the crypto when everything depends on the bitcoin as the main coin to determine the value for any crypto.
you must know the differences

[lepbagong]

I think gold is a real investment tool that has been trusted for a long time so it has a good quantity, whereas bitcoin is a crypto currency that can be used in the online world so if it is united in the blockchain it is very unified, for now bitcoin is not the same as gold even though they are both the same the same can be an investment tool

What is clear is that both are suitable for use as an investment, which distinguishes perhaps from price stability only. bitcoin cannot be predicted while gold is quite stable and only certain of the dollar effect causes gold to change, it is inversely proportional to bitcoin.
bitcoin and gold are long-term investments, the only difference is the price issue that occurs with bitcoin and gold. bitcoin can change quickly both down and up not with gold which is very stable even if there is a change in price is not too much different.

[jcarlo]

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

Bitcoin or some cryptocurrency has started trading with margin and this is the same as Gold or has started trading on the derivatives market. By trading on the derivatives market, Bitcoin is basically already utilized in the capital market and I think this is also backed up by the original Bitcoin

[bittick]

Many projects are coming with their project fundamental backed by Gold.This is because they want to introduce stable coin in this fluctuating market.I think  Gold can be used to stabilize the project. Gold has real value and to some extent can be trusted as stable investment.

the gold can do that as long as there was a lot of transparency about how much reserved that owned by the company. i will never expect the gold can be used to stabilize the project because it acts as a commodity to make the coin becomes stable as gold and no more.
Gold has nothing to do to stabilize the project and that doesn't make sense.

[Yassin]

gold cannot be compared to Bitcoin, gold can last forever and will last very long, and Bitcoin is different, the value of Bitcoin will continue to change and may be very high, and the value of gold will always be stable.

[curly228]

Hi. I think no, because BTC dont have stability like gold. BTC always changed and he will be changing.

[Fatunad]

gold cannot be compared to Bitcoin, gold can last forever and will last very long, and Bitcoin is different, the value of Bitcoin will continue to change and may be very high, and the value of gold will always be stable.

These two cannot be compared because one is physically seen and the other one is digitally stored. Therefore, i don't think we can compare bitcoin and gold because bitcoin has no stability and the price could forever changing. Next is gold has been long used and have a lot of benefits when being use and there's no limit to it because it is a natural resources.

[upyem2k]

I doubt if bitcoin has gained up on the legacies gold has had. Gold always enjoys a relatively stable an increased value over time and it has a chance of changing one's financial life overtime. Bitcoin on the other hand is just based on illogical predictions and speculations which may never be. Although, bitcoin can change one's Financial status in a jiffy but no one can be certain of that. It is just based on luck which may sometimes overturn someone.

[nutriagrigia]

I sometimes assume how bitcoin can be as sustainable as gold.

gold is an increasingly scarce commodity, but it can still be extracted and found, try to compare it with the total bitcoin that has been set at 21 million transparently, what will happen afterwards. Denominations and devaluations that make bitcoin more expensive will actually succeed, but the inherent costs will also follow unnaturally. As long as it's still decentralized, bitcoin will also experience endless manipulation, different from what happens to gold.

both have differences and I think it will be different in taking the road too, but in my view bitcoin has more potential and therefore I believe the fate of bitcoin will be better than gold.

Of course, the crypto will be better. simply because the future is a technological world and everything will be completely different in it. physical conservation of money will no longer be necessary for anyone. even now, most people own their money electronically, but not physically and gradually electronic money will be replaced by cryptocurrencies and when this happens bitcoin will be technically ready for it

[pantek talacuik]

Hi. I think no, because BTC dont have stability like gold. BTC always changed and he will be changing.

Can be seen with just minutes or seconds that prices continue to grow or go down every day. so it makes things change quickly and produces a small profit.