Coins that are more expensive than gold

[alevlaslo]

[Oshosondy]

What weight of gold?

Gold Bullion Bar 1 Kg
Weight:        Buy Price:
32.15 oz      $ 58800

If the buy price of 1kg of gold is almost $60000, only bitcoin is more expensive than gold among the coins in your image.

[wxa7115]

What weight of gold?

Gold Bullion Bar 1 Kg
Weight:        Buy Price:
32.15 oz      $ 58800

If the buy price of 1kg of gold is almost $60000, only bitcoin is more expensive than gold among the coins in your image.

Besides why does it matter? If we are going to make a comparison then it makes more sense to compare the market caps of the market of gold and the market cap of this market as that give us a more realistic view of the interest of investors in this market compared to the interest they have in the market of gold.

So while it may be interesting trivia to know which coins are above a certain unit of gold we do not really get any valuable information out of this exercise.

[STT]

Platinum, Rhodium  lots of things are more valuable then gold mostly because alot of elements are harder to get hold of then gold which is found in many rivers naturally distributed over centuries of continual erosion and accumulation in river banks.    Some things are exclusive to only a few countries, it requires unique geology to produce that rock type at the surface of the earth.   We dont use all these things for money because they arent that suitable, it can be true of these other types of crypto they just arent especially correct for common exchange as currency.  
   It all remains to be proven but price isnt the clue really, market cap would be likely but I think security and ease of exchange with fees relevant is probably what determines best use as currency hence 'coins'

[Upgrade00]

Gold is less volatile that cryptocurrencies Bitcoin and the latter would likely get more popularity and interest, considering how many people have gotten rich through it further rasing the price

If we are going to make a comparison then it makes more sense to compare the market caps of the market of gold and the market cap of this market as that give us a more realistic view of the interest of investors in this market compared to the interest they have in the market of gold.

Market cap is a metric that can be easily manipulated and is not really a better way to compare different currencies. Market cap is based on the price (most recent sell price) and the supply.
• A project developer can buy their currency for an inlfated amount after pumping out a massive supply, which would significantly affect the market cap and draw investors, even there is no interest from investors.

[adaseb]

Gold is volatile when it comes, lately it hasn’t done anything however if you look at how it traded in the past it was very volatile.

In 2005 or so it was like $500 then in 2010 it was almost $2000 then 2015 it was around $1000. Sure it’s not as big as Bitcoin but keep in mind the larger market share it has.

Yes it’s done nothing in the past few years however I think one day it will become volatile again and it’ll either go to like $3000 or back down to $1000.

[Coin_trader]

Gold is volatile when it comes, lately it hasn’t done anything however if you look at how it traded in the past it was very volatile.

In 2005 or so it was like $500 then in 2010 it was almost $2000 then 2015 it was around $1000. Sure it’s not as big as Bitcoin but keep in mind the larger market share it has.

Yes it’s done nothing in the past few years however I think one day it will become volatile again and it’ll either go to like $3000 or back down to $1000.

More volatile? Base on your timeline that you show, it took more or less 5 years for gold to reach that 400% growth compared to cryptocurrency that being compared by OP that can grow more than x5 in less than a year time period. Gold is not comparable to crypto currency since gold value is determine per weight while cryptocurrency is as is per piece.

[Poker Player]

I am not sure if this belongs to the altcoin discussion section. I haven't reported the thread to be moved because Bitcoin is there, but I think it is pretty clear from the picture that OP is referring mostly to shitcoins.

Not a good comparison, as others have pointed out, but the point is that crypto market is growing whereas gold market is shrinking. Gold today is cheaper than 10 years ago and if we take into account inflation gold investment for that period has been a disaster. Compare also to the Bitcoin return in the past 10 years and you will understand why Bitcoin is called gold 2.0.

As for shitcoins, the problem is that they come and go. Look at the top ten shitcoins now and then compare to last year, the previous one etc. The only one that has remained more or less constant up there the last few years has been Shithereum. And none of them have better characteristics than Bitcoin to be a Gold 2.0.

[the ghabbar]

I don't see the price of other coins equal to gold, now everyone knows, only bitcoin is more expensive than gold, if the price of gold bullion is the reference in the comparison of each coin, I think this comparison is not suitable for other coins except bitcoin, the only one the coins that are more expensive than gold today are just bitcoins, if you compare it to gold bullion.

[alevlaslo]

WMEMO expensive than bitcoin now, it's a wrapped Time coin + 70000% apy staking integrated

https://swap.spiritswap.finance

Fantom chain

[rodskee]

WMEMO expensive than bitcoin now, it's a wrapped Time coin + 70000% apy staking integrated

https://swap.spiritswap.finance

Fantom chain

what is the main objective of this post?  i mean the whole thread?

Because you are being questioned above but did not even bother to answer some posts instead posting another one now about this shitcoin.

and does not even listed in in big exchange.

[mk4]

You're looking at unit price, which is going to be really really inaccurate. Try comparing market capitalizations instead, then you'll see that these aren't really "more expensive" than gold.

[alevlaslo]

the liquidity is large on dex, $ 100 million, marketcap 1.3B
$37M daily trading volume on dex

the project is only 1 month old, but there is already a lot of liquidity, and the price is growing despite the fact that the staking is 70,000% apy

[bengsabeng]

First you have to determine how much gold weighs in comparison. if the weight of gold used for comparison is 1 kg, not all of the coins are more expensive than gold. maybe only bitcoin is the only coin that can exceed the price of 1 kg of gold. but even so if you invest in the coins above you will get a greater return than investing in gold.

[the ghabbar]

First you have to determine how much gold weighs in comparison. if the weight of gold used for comparison is 1 kg, not all of the coins are more expensive than gold. maybe only bitcoin is the only coin that can exceed the price of 1 kg of gold. but even so if you invest in the coins above you will get a greater return than investing in gold.

The development of today's era, allows people to invest anywhere, but we also have to know, whether the investment is safe or not, I agree that investing in gold has a certain level of stability and security, compared to investing in crypto, but if the comparison of gold with coins , then how much does the gold weigh, so that we can answer which gold or coin is more expensive?

[hatshepsut93]

Comparing prices only makes sense when the quantity is the same. 1 car vs 1 car, 1 house vs 1 house, one kg of precious metal against one kg of precious metal. But you took an arbitrary amount of gold and decided to compari with arbitrary amount of cryptocurrency. This information is literally useless, because it doesn't tell us which thing is more valuable. Comparing marketcaps would be a better approach and spoiler: gold is still bigger than all of crypto combined.

[Taskford]

What is the real intention of comparing the prices? Does it really make sense?

Since if you compare the usage well those coins you mentioned minus the bitcoin you cannot use it everywhere in offline places and gold has a major use economically so comparing it on standards for sure those coins will be nothing to gold.

[TimeTeller]

What is the real intention of comparing the prices? Does it really make sense?

Since if you compare the usage well those coins you mentioned minus the bitcoin you cannot use it everywhere in offline places and gold has a major use economically so comparing it on standards for sure those coins will be nothing to gold.

I don't know the motive of the OP here. But I do agree, we can't compare gold to most of these coins.
Gold has established physical uses and a lot of industries are relying from it.
Just take for example, the electronics industry. Gold is considered a vital part in most of their gadgets or equipment.
Even if some coins are expensive than gold, but gold has significant usage that no coins can provide.

[Stedsm]

@OP, did you go insane when you tried to compare Gold to these coins? I mean, Gold has its own place and it is touchable, a worthy asset due to its scarcity and though it's not performing well, it can only be compared to things like Palladium, Platinum, Silver, Copper, etc. because they all fit under the same category Gold comes from, i.e.; Metal. And even if we talk about the marketcaps, Gold is ten times that of Bitcoins and even if BTC takes over, both of them can't be compared due to the fact that BTC is a volatile asset that can only be held digitally but the same is not the scene with Gold aa it can be possessed and worn, liquified, hardened, shaped, etc. In short, comparison of these two asset classes is not possible.

[Taskford]

What is the real intention of comparing the prices? Does it really make sense?

Since if you compare the usage well those coins you mentioned minus the bitcoin you cannot use it everywhere in offline places and gold has a major use economically so comparing it on standards for sure those coins will be nothing to gold.

I don't know the motive of the OP here. But I do agree, we can't compare gold to most of these coins.
Gold has established physical uses and a lot of industries are relying from it.
Just take for example, the electronics industry. Gold is considered a vital part in most of their gadgets or equipment.
Even if some coins are expensive than gold, but gold has significant usage that no coins can provide.

Gold play a good role in the economy so its not comparable to any types of crypto and its just a crazy though for anyone that some crypto coin who's more expensive in price surpass it since in reality the use case really matter the most of it. And even bitcoin didn't defeat it yet since there's many things we need to look to and bitcoin need to prove more since adoption of it is not yet spreading like wild fire around the world.