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Author Topic: Can Crypto be more valuable than gold?  (Read 5101 times)
diskodasa
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September 10, 2020, 02:55:48 AM
 #181

I think in the future, bitcoin may be more valuable than gold. because as technology develops, people will switch to new technology, including in terms of payments and investments. and at that time, the most valuable asset in the hand was crypto. because apart from being a means of payment, also as an investment and trading. besides, many new projects will emerge to support the development of technology and that will make the value of crypto itself rise.
popularity just might. but in terms of durability and usage, I don't think so. gold is still becoming more valuable and important to the world economy. gold is stronger to date, and we can't compare something that has a different market.
Market volatility may cause gold to lose value one day and investors will tend to trust Bitcoin more.

Until now, investors have had very different mindsets and generally speaking, gold and bitcoin will always coexist in this world. I cannot compare as both are very good assets to hold but I'm sure Bitcoin will rule one day.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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September 10, 2020, 04:29:04 AM
 #182

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?

At the present time now, when we talk about the price of bitcoin it is obviously higher than Gold. That's because of the volatility and whale investors who decided to support Bitcoin worldwide. But I cannot say that Gold is not valuable of course it remains valuable because a country without a gold backup is a poor country in my opinion only.
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September 10, 2020, 05:04:40 AM
 #183

At the present time now, when we talk about the price of bitcoin it is obviously higher than Gold. That's because of the volatility and whale investors who decided to support Bitcoin worldwide. But I cannot say that Gold is not valuable of course it remains valuable because a country without a gold backup is a poor country in my opinion only.
If you want to compare Gold with Bitcoin, then don't look at one side only like the price per unit, because before Bitcoin, Gold was already valuable in terms of world value, and everyone would know that precious metals like Gold are very good things. value and always experience a steady increase in price every year even though the duration of the increase always lasts for a long time, and even if there is a price decline, it only occurs in a small number, in contrast to Bitcoin which usually decreases in large numbers even though it is very reasonable because when Bitcoin has increased in price it is also a large number.
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September 10, 2020, 05:06:13 AM
 #184

I don't think so , gold is as old as humanity and people are using it thousands of years, it is the best electrical conductive and many other features which cryptocurrency could never have, because it doesn't, have a physical existence, and of course, you can buy almost everything with gold but not many people know crypto.

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September 10, 2020, 06:02:00 AM
 #185

Yes this is possible because the price of cryptocurrency is increasing exponentially but the price of gold is increasing slowly and sometimes it starts decreasing and the most important things is cryptocurrency can stored digitally but in gold you have to keep it physically which is dangerous sometimes
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September 10, 2020, 07:38:19 AM
 #186

I think both of them are very valuable and we also cannot compare the two because they are different, gold has a stable price and has been used by everyone for thousands of years, while bitcoin is only a few years old and no one can set the price until now
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November 08, 2020, 12:56:11 PM
 #187

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.
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November 08, 2020, 02:56:51 PM
 #188

The value of a single bitcoin, the most mainstream of cryptocurrencies, surpassed the price of of gold. so Gold is good but can't be compare to cryptocurrency with fixed supply, the decentralization of the cryptocurrency industry will made this industry superior to  gold.
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November 08, 2020, 06:18:55 PM
 #189

It is chosen the premise of gracefully and request, on the off chance that flexibly is high and request is low, at that point the cost will fall and the other way around. So on the off chance that you have an authority over the flexibly, at that point you can really choose the costs and furthermore control them. While those whose group just thinks about fast benefit and their pockets won't go far nor even be working soon.
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November 08, 2020, 11:17:11 PM
 #190

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.
some cryptocurrency already take over gold price now , and people start thinking cryptocurrency were good place for investing, many of them give huge profit to investors. gold and other commodity like silver and be crypto market competitor , it make investors confuse in which place big portion will put.
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November 08, 2020, 11:36:51 PM
 #191

These two things are far different because gold has a physical feature in human life while the other one is applicable in the digital world. So it is difficult to say whether crypto can outperform gold. So only time can tell about that thing. But I can also say that they both have a great potential contribution to human life in response to human needs.
some cryptocurrency already take over gold price now , and people start thinking cryptocurrency were good place for investing, many of them give huge profit to investors. gold and other commodity like silver and be crypto market competitor , it make investors confuse in which place big portion will put.
I prefer to invest in gold, because the risk is not too big, different from Cryto, maybe big investors divide their money into several investments, because if everything is allocated to Cryto it will be difficult to take profits, because trading is not always profitable.
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November 08, 2020, 11:48:38 PM
 #192

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.

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November 09, 2020, 01:10:09 AM
 #193

It is chosen the premise of gracefully and request, on the off chance that flexibly is high and request is low, at that point the cost will fall and the other way around.

Following that demand and supply, without further usages and only relied with speculation the value won't go far
gold will continue to be on top as investment valuable asset, unless their are more support and their are full developed
usages then it will change the scenarios.

So on the off chance that you have an authority over the flexibly, at that point you can really choose the costs and furthermore control them. While those whose group just thinks about fast benefit and their pockets won't go far nor even be working soon.

A big impact coming from those big groups who loves to workout with quick gains, they've got the higher chance as of
this moment since holding bigger stake really played well.
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November 10, 2020, 01:13:48 PM
 #194

No one fee doubt about Gold is surely more valuable then crypto because its really big market good liquidity and many other factors favoring hing for this all and crypto is by nature unpredictable and unstable many still feel its scam and few call its bubble but in last few years we have some good things from crypto which are helping to understand this all and we can feel good about this in future few cryptocoins giving really good ROI which is not bad at all if someoen able to check markets on regularly basis and have some good view then he can take good profit from crypto but Gold is still Gold and no one can touch him for good investment and long run trust.
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November 10, 2020, 02:36:27 PM
 #195

Many investors say that bitcoin have properties like a yellow metal, so that the crypto coin with the largest market capitalization is dubbed the digital version of gold, and we can see from the supply side, actually these two, assets both have a limited amount of supply, the amount of gold available on Earth is limited and the mining rate is relatively stable, as well as bitcoin which only has a supply of around 21 million worldwide today, so with a limited supply of course this can be very profitable for investors who hold both assets, because With the lack of supply that is, of course, the prices of these two assets will be quite high in the future, and in my opinion, the two investments, both Bitcoin and Gold are the right and profitable investment choices.

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November 10, 2020, 03:11:16 PM
 #196

comparing Crypto with Gold is something different, Gold will always have value and will be very valuable,
Gold has become a part of the world, while Crypto is still part of society,
if you compare its value both have a value according to their portion.

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November 10, 2020, 03:25:37 PM
 #197

There are individuals who actually adores actual treatment of the resource than computerized yet as you stated, digital forms of money gives straightforwardness over gold and different wares. I think cryptographic forms of money are dangerous than gold on the grounds that their value instability is excessively huge and hard to control. Also, gold is more steady and diagram changes over an extensive stretch.

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November 10, 2020, 03:28:20 PM
 #198

Based on the statistics, there will only ever be 21 million Bitcoin left after the last halving then, so in order for Bitcoin to be more valuable than gold, it would need to be worth at least a 5.99billion/21 million=285 ounces of gold. And with the current value of gold at $1,280 USD/ounce, Bitcoin would be more valuable if it was over $364,800 USD/BTC.

Let's just wait and see what will happen in the future.
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November 10, 2020, 03:32:36 PM
 #199

If gold has no impact or effect on crypto why did crypto market retreats when gold dumps in value? Bitcoin is the only coin that's as good as if not better than gold already, bitcoin is the best coin to compare with gold not other altcoins

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November 10, 2020, 03:38:59 PM
 #200

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.
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