kenelmark
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April 26, 2021, 07:30:36 PM |
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It's possible. Crypto space is already getting the necessary attention and acceptance than Gold. So let's expect anything from boom
Yes, and it is also very natural that the crypto space has received a lot of attention from some parties who previously did not like Crypto, because with that the crypto space will grow faster, and all of this is also not solely to beat Gold because Gold is an asset that has a value that is always stable over a long period of time.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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drwoo
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April 27, 2021, 11:26:53 AM |
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Government isn't just "bad". It depends on the government of course, but having something that rivals with the offerings from the government and the financial industry is important for the global and social equilibrium.
Why do you think that is important? because at this time there are still many governments in different countries that do not like offers that deviate from state regulations, so they also do not want to compete even though this can have an effect on global and social balance. Because we don't enough infrastructure in place that could govern people on its own. It is a wild dream to believe that at this point in time we would be able to govern every aspect of like without having any government at all. I am not saying it will never be possible, but I believe there will also be some sort of governing body. Imagine in how many countries the military may decide to overtake control? It is not as easy as you think to just live without government.
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Luffygroove
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April 27, 2021, 11:40:32 AM |
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In my personal opinion, technology can be more valuable than fixed assets like precious metals since it always develops. From a long time ago precious metals becomes a standard of investment for many people, but it's not a secret anymore that gold is controlled by a certain party just like fiat does. That's why the decentralization topic arises. We can't argue that the world has changed. Nowadays is only just the beginning of the cryptocurrency journey. When the mass adoption becomes real, I bet cryptocurrency will be further valuable than gold.
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infer
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April 27, 2021, 12:09:35 PM |
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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?
Yes, it is more valuable than gold. You see it as bitcoin, EtH is much more valuable than gold. But its value makes you feel insecure and sure. Gold prices can be stable, not fluctuate much. But as for cryptocurrencies it can go up and down very quickly because of the many effects of the market. If it were me, I'd invest both.
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kpierce77
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April 27, 2021, 01:41:20 PM |
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Currently, the bitcoin market cap is high. and if the ratio of gold is in value, the price of Bitcoin is indeed higher, but for investment or risk, both are different between gold and bitcoin. I invested in both. since 2017 now the value of gold has increased following inflation in my country. in principle with gold we can maintain the value for money which is inflation every year, I've read many references regarding gold investing
So what are you trying to say? as we know that it is almost impossible in the world of investment to outperform gold. gold has been used as a reference or investment standard since time immemorial. even the parameters of the country's resources can be measured by the gold reserves they have. so it's quite unlikely that bitcoin can outperform bitcoin (in the long run)
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whiteblue
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April 27, 2021, 01:42:43 PM |
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of course for now cryptocurrency is more valuable than gold, because the benefits gained from investing in crypto have multiplied and the process in my opinion is very fast even though the risk is very high compared to gold so that's why the price of cryptocurrency is very fast when it goes up and down
In terms of profit, it is faster through cryptocurrency, but not all cryptocurrencies are valuable and good to hold, in contrast to gold even though the profit is very small but the risk is also very low, so gold is perfect for storing the value of the assets you already have.
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kenelmark
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April 29, 2021, 04:41:35 PM |
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Because we don't enough infrastructure in place that could govern people on its own. It is a wild dream to believe that at this point in time we would be able to govern every aspect of like without having any government at all. I am not saying it will never be possible, but I believe there will also be some sort of governing body. Imagine in how many countries the military may decide to overtake control? It is not as easy as you think to just live without government.
I have never thought of living without a government because all the people in this world are in their respective countries with different systems of government so that the rules will always be different even though they have a body that will regulate this, so it is clear that all things will not be easy to happen although it is easy when it is said.
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crazy-pilot
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April 29, 2021, 04:57:24 PM |
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For me both are different from each other. Gold is asset that can show more powerful and wealth. Crypto is not acceptable in many countries. It is intengible also . But what market saying is anything can possible . Any time crypto can be more valuable than gold .
Yes, they are really different both in their origin and in the realizable property. I just want to add the point that usefulness will depend only on the level and quality of life that we will have in the future. Agree that in a completely digital world, gold will have less value than digital products of various kinds. At the same time, in the world after some catastrophe in which there is no longer or little digital element of gold will be of much greater importance.
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hamba laeh
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April 29, 2021, 11:50:20 PM |
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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 gold is more valuable than crypto because the price of gold is stable and continues to rise every year making gold more preferred by the public than crypto. while crypto there are certain periods that can make people lose from it so crypto is more risky than gold.
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MonaLeeTracy
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April 30, 2021, 01:43:34 AM |
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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 gold is more valuable than crypto because the price of gold is stable and continues to rise every year making gold more preferred by the public than crypto. while crypto there are certain periods that can make people lose from it so crypto is more risky than gold. between gold and cryptocurrency itself has a difference in investment so between bitcoin and gold are different instruments. do not equate the two as an investment tool. Gold has been around for hundreds of years and is proven during any condition. and bitcoin is too volatile and also when last year there was a crisis we can see bitcoin has experienced a fantastic decline
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bryant.coleman
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April 30, 2021, 04:13:30 AM |
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During the last 100-120 years, the purchasing power of gold has increased at a steady rate (despite the temporary ups and downs), and I expect this pattern to continue for the near future. The current dip in gold prices is due to holders of gold selling their coins and jewellery, due to difficult economic conditions resulting from the pandemic. IMO, this is a temporary phenomenon and the uptick should continue once the pandemic is contained. And that makes it difficult for cryptocurrency to overtake gold.
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Hughes_Ryan
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April 30, 2021, 04:43:20 AM |
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Lol, Gold was born for decades compared to bitcoin and crypto is just over 12 years old. If it is imperative to compare, Gold is still the inviolable asset for all current needs, there are places where it still symbolizes the sacred. But, bitcoin and crypto are just born and developed, many obstacles and challenges, but have shown that this land is very fertile, no surprise if in the future the value of bitcoin and crypto will surpass gold! https://www.binance.com/en/blog/421499824684900809/Should-I-Buy-Bitcoin-or-Gold-A-Brief-Comparison-of-BTC-vs-XAU
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XUR_TIP
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April 30, 2021, 06:07:56 AM |
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BTC is more valuable than Gold right now and many crypto projects will join soon, crypto is a work in progress and we are getting nearer to mass adoption finally, Gold is still a good investment choice but the future is just more into technology this days
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naira
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April 30, 2021, 06:39:45 AM |
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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 gold is more valuable than crypto because the price of gold is stable and continues to rise every year making gold more preferred by the public than crypto. while crypto there are certain periods that can make people lose from it so crypto is more risky than gold. between gold and cryptocurrency itself has a difference in investment so between bitcoin and gold are different instruments. do not equate the two as an investment tool. Gold has been around for hundreds of years and is proven during any condition. and bitcoin is too volatile and also when last year there was a crisis we can see bitcoin has experienced a fantastic decline gold can indeed be used for long-term investment and is really real because the level of risk is not as big as bitcoin and traditional people still use investment in gold compared to bitcoin. whereas bitcoin I think more of as an investment at certain moments because of its fluctuating prices.
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fenixosup
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April 30, 2021, 06:43:16 AM |
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It depends on definition. If we are talking just about price then crypto already was more valuable than gold. However, that much more important, gold have much more use cases in real life and it valuable by itself as metal
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Musekay
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April 30, 2021, 11:20:42 PM |
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Gold is really a nice investment but recently, crypto has had a large influx or better still a wider adoption by users who has seen and now believe in what it has to offer thus making certain or few crypto assets hitting new ATHs. I think currently, people value crypto more than gold
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aakay
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April 30, 2021, 11:43:29 PM |
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Crypto is already more valuable than gold. This year saw crypto getting more global adoption and people believing more in crypto which was thus a huge factor in making some of the crypto assets hit an ATH records especially bitcoin, eth and the rest.
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Coroline
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May 01, 2021, 04:05:58 AM |
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The discussion in the article is clear and detailed. There are differences and similarities between bitcoin and gold. Back to the question of the creators of the topic, will cryptocurrency be more valuable than gold? quote from a binance article " It's important to note that the value of both assets could be endangered by future technological advancements that could either make them obsolete or easier to mine. Gold is also threatened by massive deposits stored outside of our planet, but that's going too far into the future. "
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devollito
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May 01, 2021, 01:52:14 PM |
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As a store of value cryptocurrencies more fungible then gold, it need less resources to safe it and to mined it of we compare to gold. It could probably better then gold. Imagine transfering $100million of gold from your country to another country, it can be done with bitcoin in a minutes.
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Roidz
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May 01, 2021, 02:41:27 PM |
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As a store of value cryptocurrencies more fungible then gold, it need less resources to safe it and to mined it of we compare to gold. It could probably better then gold. Imagine transfering $100million of gold from your country to another country, it can be done with bitcoin in a minutes.
In addition to making a fast transfer of assets from one wallet to another, bitcoin also has better price smoothness than gold, because the effect of bitcoin prices only depends on existing supply and demand, while the ups and downs of gold prices depend heavily on dollar price conditions, however even so, bitcoin and gold are two investment assets that are very profitable for us so instead of continuing to compare the two, it is better if we make gold and bitcoin as complementary assets as an investment today.
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