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Author Topic: Can Crypto be more valuable than gold?  (Read 5101 times)
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August 27, 2020, 04:03:34 PM
 #81

If we compare prices for now Bitcoin is much more valuable than gold, but gold that has existed since ancient times and with a value that is always stable, is different from cryptocurrencies that are not always stable, I think crypto is currently more valuable than gold because of its value.
Price does not mean value and comparing gold with bitcoin is stupid. Gold is the best tool to save your money in the fiat world, and bitcoin is the best among cryptocurrencies.

They've got different venues and if you are looking for much safer haven with your fiat gold still is the best place to hide your money. It's been existed for many many years and the trust from people around are far higher than bitcoin, but in terms of crypto world we can say that bitcoin is the one for people who loves taking the risk for gaining profits.
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August 27, 2020, 04:30:52 PM
 #82

In my opinion crypto would be more valuable than gold at the moment because crypto has very high potential in its growth so basically gold prices wouldn't grow as the prices grow in the crypto market.
of course cryptocurrency will be one of the best digital currencies and could be the best alternative to replace paper currency in the future and have a very good growth, but unfortunately no one can guarantee that cryptocurrency will be one of the best substitutes because of the risk of This digital currency is very high and difficult to legally use for all countries.

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August 27, 2020, 04:37:22 PM
 #83

I think crypto can surpass gold because cryto can generate huge profits than storing gold, gradually everyone will get to know crypto, It could be that in modern times there will be many people who use crypto for daily transaction use

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August 27, 2020, 04:50:30 PM
 #84

some of crypto is already worth more than gold but as far as market cap is concerned its still lagging behind. Given the reality that its much younger than gold I think it has done a marvelous job but to say whether it'll be worth more than gold is difficult since you're comparing something tangible to digital asset. It'll be interesting to see what future brings as world goes more digital.

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August 27, 2020, 04:57:55 PM
 #85

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?
In my opinion, it cannot be compared. Gold has physical value and is used in our human lives. for bitcoin, it's just an old coin with increasingly outdated technology and little supply. There have been many economists saying that Bitcoin is just something for whales to manipulate the market, and I completely agree with this view. This is just an extremely risky financial playing field, and bitcoin cannot be compared to Gold.


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August 27, 2020, 05:49:33 PM
 #86

Does it have to  be valuable? Why are people so obsessed with the price? They only think crypto currencies are here for helping people make profits through quick investment.
I mean, lets just focus on the main goal of crypto currencies? Bitcoin was invented to be used as a form of currency, not as a form of investment to make quick profits!
Trust me, if crypto currencies go mainstream and are used as regular currencies, the price will be much more valuable than gold.
Focus on developing and spreading facts about it instead of comparing it with golds and other things.

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August 27, 2020, 05:56:21 PM
 #87

I think that is almost impossible. Gold's role as first and foremost a currency has not changed since ancient times, i deeply believe Gold will continue to play that role in the future, nothing can replace it, even BTC cant. Crypto just some number, cant see or touch.
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August 27, 2020, 11:58:27 PM
 #88

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?
A fixed supply alone will not determine the worth of anything until the market can generate the interest. The key advantage is transparency when it comes to BTCitcoin and Litecoin even though it was started as a fun alternative but Dash and Monero does not have the transparency aspect and it will be valuable as long as the privacy aspect is kept and the market is able to list these privacy coins in the exchanges.
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August 28, 2020, 01:21:28 AM
 #89

I think that in the near future after sometime crypto can overvalue gold especially once that the government started acknowledging cryptocurrencies. Another reason is that we all know that time to time the value of the crypto especially those top rank altcoin has a higher potential to grow and go to the moon which makes me confident enough to say that crypto can be more valuable to gold.

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August 28, 2020, 01:24:06 AM
 #90

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?
crypto is all transparent in terms of supply, we can even monitor and analyze crypto. for the price of crypto is higher than gold. but the advantage of gold is that it decreases slightly and increases slightly so that gold can be used as a safe asset

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August 28, 2020, 03:00:14 AM
 #91

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?

May say the supply of gold is infinite because recently scientists have found that there is so many gold in other planet but we can't compared gold with crypto at this time because the Gold market was born and accepted by the masses for a long time . Until the cryptocurrency market can catch up the Gold market about capitalization, we just know what its true value is

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August 28, 2020, 03:33:55 AM
 #92

Our opinions regarding this thing cannot hold anything to, I guess. The answer's maybe yes or not since no one really knows the future of gold or even crypto. But if you ask someone out on the street, most of them might choose gold over some crypto, why? Because not everyone pretty knowledgeable about crypto world, meanwhile gold has been here since long ago and people atleast know that gold's a  valuable thing. Gold has been backed up by goverments and a solid regulation and all, so, it might be yes or the other way around.
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August 28, 2020, 03:49:22 AM
 #93

What do you think about value? I think cryptocurrencies are risky than gold because their price volatility is too large and difficult to control. And gold is more stable and chart changes over a long period. But in terms of the rate of increase in value, crypto is much faster than gold in case the price of the crypto you buy can go up 2-10 times or even more in a short time. The most important thing to talk about value is the nature of the crypto, the best possible increase in value, and the price you buy.
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August 28, 2020, 04:35:22 AM
 #94

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?
cryptocurrency more precious than gold for industrial crypto has grown and really make the newcomers in the industry crypto amazed and they did a good investment and begin to understand and correct asset bitcoin has beaten gold in terms of price and investment because in this digital age has changed the thinking of many people's investment and trade in cryptocurrency.


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August 28, 2020, 07:06:48 AM
 #95

I have no doubt that after some time and in the nearest future the value of the gold will be depreciate and the cryptocurrencies will surpass the value of the gold knowing that many people now are getting involve in the cryptoworld.

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August 28, 2020, 08:18:48 AM
 #96

Crypto can surely overtake but It will take a lot of years to do so because currently, gold's cap is sitting at trillions of dollar whereas the market cap of the whole crypto space is at just $355B(at the time of writing).


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August 28, 2020, 08:25:08 AM
 #97

Bitcoin is a digital copy of gold, that's the best explanation right now and yes Bitcoin have proven to be bit better during this pandemic period, everything was affected like stocks and others but crypto was the strongest that withstand the storm, it's damn possible that Bitcoin can surpass gold

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August 28, 2020, 08:52:12 AM
 #98

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?
I think the one key advantage of cryptocurrency is the technology, gold is a traditional asset while cryptocurrency is a modern currency. So I think that's why technology is the advantage of cryptocurrency, not supply. For me, the value is measured from its usefulness, from here I prefer cryptocurrency where blockchain can still be developed and in terms of usability cryptocurrency can be suitable for use in various matters relating to digital systems. Gold in the concept of government has a very high value compared to crypto, and some people think that is true, so the value can differ depending on how people measure it.

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August 28, 2020, 09:22:29 AM
 #99

It depends on what we consider valuable. In my opinion, cryptocurrency is a wide range of coin, but gold is specific. The only cryptocurrency that can be compared to gold in terms of value per unit is bitcoin. Gold has value by its nature and even a market is not readily available it Could be melted into several articles. Bitcoin is a digital cash and can't be seen and not as recognised as Gold in stock exchange.
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August 28, 2020, 09:44:49 AM
 #100

Yes, Crypto can be more valuable than gold, but since it is very volatile it tends to fluctuate in terms of value, unlike gold which has a stable price.
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