|
Nalbo
|
 |
November 10, 2020, 03:42:05 PM |
|
We can never be sure but as the number of crypto and it's uses increase, we could assume the total market cap would exponentially increase and wins over the valuation of gold. But gold again is a commodity in regular increase with mining. Unlike bitcoin or other mineable coins, they don't have a limit. There are even possibility of mining gold from asteroids. So, only time could tell how the economics of future would shape.
It also depends on what you consider a cryptocurrency. Most of the countries are moving towards turning their fiat into blockchain based token or coins. It could easily turn into a norm. If that happens, the combined fiat value of the world would certainly be greater than that of gold. And gold too are going through digitalization and coins that represents the value of gold are being issued of ease of transfer and trade. |
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Balladtony77
Member
 Offline
Activity: 378
Merit: 15
|
|
November 10, 2020, 03:44:09 PM |
|
I don't think so, the only digital currency that stands on par with gold level is Bitcoin only, every other crypto coins still have a long way to go from here, even ethereum performance isn't that on gold levels yet, bitcoin is more than capable to defeat gold.
|
|
|
|
ampu
Full Member
Offline
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
|
|
November 10, 2020, 03:58:05 PM |
|
I can look at the value of Bitcoin when compared to gold. The remaining cryptocurrencies are too risky because they are not used by many people and choose to store value.
Gold has a stable value and is chosen by many countries as a reserve asset, so it has a sustainable value and is unlikely to collapse. Cryptocurrencies are supported by the community and developers. If one day the community and developers choose other cryptocurrencies, then storing abandoned cryptocurrencies is really garbage since no one needs them anymore. This is very easy because technology is always changing and changing very quickly.
|
|
|
|
|
Baimovic
|
|
November 10, 2020, 04:03:00 PM |
|
gold and crypto are almost the same but have differences too. Moreover, gold is often referred to as a traditional investment that is profitable every year and crypto is also one of the profitable investments in this digital world. Whether valuable or not, I think both are valuable for investment and have their own characteristics.
|
|
|
|
OasisDre
Member
Offline
Activity: 532
Merit: 41
|
|
November 10, 2020, 04:16:54 PM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Even with fixed max supply it's still impossible for many altcoins to be on same level as gold, only bitcoin has that power and in the past it have outperformed gold and that's why many called bitcoin the digital gold, my final answer is Bitcoin only Another good point is when pandemic took over, gold felt the pandemic hit and dive down more than bitcoin, it shows that Bitcoin is very very strong if not stronger than gold. |
|
|
|
CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
|
|
November 10, 2020, 04:41:12 PM |
|
A rather controversial question. Cryptocurrency does not have a physical referent in the world; it entirely depends on how much the digital environment is around.
The more digital the world becomes, the more value digital things like bitcoin become. However, pandemic shows us that common physical values such as gold can be of increased value.
|
|
|
|
bitcon
Legendary
Offline
Activity: 2212
Merit: 1008
|
|
November 11, 2020, 08:02:23 PM |
|
In my opinion, cryptocurrency is more valuable than Gold, we can see that cryptocurrency price movements are much more volatile
than Gold. So this volatile crypto price can be utilized to generate much greater profits than Gold. Even this year, cryptocurrency has
performed very well compared to other assets. If you want to make a large profit, it's right to choose cryptocurrency for investment.
If something really bad happens, and virtual world is closed, what will we do with all these cryptocurrencies? Yes, we can make much money dealing with crypto, but everything is so risky. Gold is not probably more valuable, but the risk connected with gold is minimal. |
|
|
|
|
|
k@suy
|
|
November 11, 2020, 08:58:38 PM |
|
In my opinion, cryptocurrency is more valuable than Gold, we can see that cryptocurrency price movements are much more volatile
than Gold. So this volatile crypto price can be utilized to generate much greater profits than Gold. Even this year, cryptocurrency has
performed very well compared to other assets. If you want to make a large profit, it's right to choose cryptocurrency for investment.
If something really bad happens, and virtual world is closed, what will we do with all these cryptocurrencies? Yes, we can make much money dealing with crypto, but everything is so risky. Gold is not probably more valuable, but the risk connected with gold is minimal. For me golds are still valuable than crypto currencies because the crypto currency's existence cannot be predicted if until when it lasts but gold? You can find it everywhere and can be use as a mode of payment. And also golds are much expensive than crypto currencies that is volatile. You'll never know when will its price rises or falls. |
|
|
|
|
JNR
Full Member
Offline
Activity: 585
Merit: 100
@JNRcryptobox
|
|
November 11, 2020, 09:10:35 PM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
the word valueable has a lot of means my friend if we talk about price i think now bitcoin price is higher than gold price per oz right ? but if we talk if valuable as safe haven i think gold still better, because the risk is lower if we invest in gold |
|
|
|
bttmember
Member
Offline
Activity: 938
Merit: 13
AMEPAY
|
|
November 11, 2020, 09:24:56 PM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Well you need to read about the statement released by JP Morgan a couple of days ago, where they are stating that institutional and sophisticated investors are more attracted to bitcoin and crypto now instead of gold. This means a lot if you completely understand this, I just feel that billions and billions worth big money is ready to enter crypto market now which will give big push to bulls in the market. |
|
|
|
|
nelson4lov
|
|
November 11, 2020, 09:32:04 PM |
|
Obviously Crypto will be more valuable than gold in near future because it's already gained a huge popularity and price if we campare with it's beginning price.
Hope you caught my point.
No doubt, it might become more valuable than gold in the future since the supply is fixed, unlike gold that are still been mined daily, gold is a natural resource not sure it's gonna run out any time soon, on the other hand bitcoin is gaining more popularity everyday, more popular means more people are beginning to use it, and once the 21million bitcoin has been mined, I'm sure the price will definitely skyrocket, cus there will be few sellers and lots of buyers available to buy at high prices. |
|
|
|
|
cahkalem
|
|
November 11, 2020, 09:40:20 PM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Well you need to read about the statement released by JP Morgan a couple of days ago, where they are stating that institutional and sophisticated investors are more attracted to bitcoin and crypto now instead of gold. This means a lot if you completely understand this, I just feel that billions and billions worth big money is ready to enter crypto market now which will give big push to bulls in the market. thats great news, huge money will coming to crypto market if this rumours true by the way, can you show me the link to the statement released by JP Morgan my friend ? |
|
|
|
|
chanler
Member
Offline
Activity: 753
Merit: 15
mulierum.com
|
|
November 11, 2020, 09:45:28 PM |
|
It is already more valuable than gold. There are various things that we can do with Bitcoin and it is getting popular day after day. I am not sure in what field you mean, but in my own view Bitcoin is more valuable especially if we compare it on the investment field and payment purposes. Bitcoin can gain higher profits because of its volatility and begins to use as a payment tool massively nowadays.
|
|
|
|
|
BuNga_cute
|
|
November 11, 2020, 09:56:17 PM |
|
I choose to invest in both, because crypto and gold are profitable. But speaking which is more valuable, of course I chose cryptocurrency
to be more valuable than Gold. The reason is that cryptocurrency is developing very rapidly, now the demand for cryptocurrency is also
increasing. Moreover, seeing the performance of cryptocurrency in a pandemic situation like now is quite good, indeed cryptocurrency is
more profitable than Gold. Even though cryptocurrencies are unpredictable, if we do a good market analysis, predicting crypto movements
shouldn't be too difficult.
|
|
|
|
Princeofpoetry
Member
Offline
Activity: 686
Merit: 28
PUGG.io
|
|
November 11, 2020, 10:26:29 PM |
|
Talk about valuable? of course gold is valuable because the price is always increasing and is favored by everyone. if profit is indeed crypto gets more profit because the price can be many times that of gold
|
|
|
|
Fakhrulenclix
Sr. Member
Offline
Activity: 1638
Merit: 330
★Bitvest.io★ Play Plinko or Invest!
|
|
November 11, 2020, 11:55:45 PM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Actually a lot of people in the world who know about cryptocurrency, For them, crypto is already valuable than gold. But in real world we can deny that gold is valuable than cryptocurrency, the real asset which resistant to inflation. Everything has its own advantages and lack, so combining between gold and crypto I think this is good step |
|
|
|
|
bittick
|
|
November 12, 2020, 12:21:33 AM |
|
I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?
Actually a lot of people in the world who know about cryptocurrency, For them, crypto is already valuable than gold. But in real world we can deny that gold is valuable than cryptocurrency, the real asset which resistant to inflation. Everything has its own advantages and lack, so combining between gold and crypto I think this is good step Might be true for people in developed country but in developing country which not all of them have real access to the internet they still thought crypto as some kind of shady thing because they just don't know about it enough and still put gold above anything else. There's still an untapped market out there waiting to be covered when the internet reaches them and hopefully it will. For me golds are still valuable than crypto currencies because the crypto currency's existence cannot be predicted if until when it lasts but gold? You can find it everywhere and can be use as a mode of payment. And also golds are much expensive than crypto currencies that is volatile. You'll never know when will its price rises or falls.
tbh gold seems valuable because people says so otherwise it's just another minerals. |
|
|
|
kpierce77
Legendary
Offline
Activity: 1540
Merit: 1002
|
|
November 12, 2020, 01:41:31 AM |
|
Most people are afraid to invest in Cryto, because of that they still choose gold as a safe investment, gold does not decrease in value and the price always increases from year to year, but it is better to invest in both because if you only invest in Cryo, I think it is not good because investment on cryto is not always profitable This is because gold is much safer and also much more credible than bitcoin. don't get me wrong, i also really like bitcoin. but when it comes to gold, I think gold is still superior. Gold has been a valuable item for a long time, apart from that traditional investors also really like gold, gold is also used as a financial reserve in several countries which shows that gold is very credible and valuable |
|
|
|
|
|
manfredmann
|
|
November 12, 2020, 02:28:03 AM |
|
Gold is valuable so does the cryptocurrency but it all depend on cryptocurrency like if it is bitcoin the yes, that is valuable. For now, gold is more like being accepted to the community unlike the cryptocurrency which will be needing more time before it can emerge for the community consumption. Again, both gold and cryptocurrency are valuable it only depend on the holder which asset to chose.
|
|
|
|
|
wheelz1200
Legendary
Offline
Activity: 3598
Merit: 1406
|
|
November 12, 2020, 03:03:12 AM |
|
Both have their space. Yes the supply is fixed but thats not solely make it better than gold. Like all financial instruments, better off to diversify to limit downside risk. Gold has shown to be a great store of value for centuries, crypto is a smidge over 10 years old so there is a long way to go for crypto to show it can be more valuable than precious metals for the long term.
|
|
|
|
|
