Bitcoin has the Silver story - page 2.

RheaLity

newbie

Activity: 98

Merit: 0

Quote from: First77 on April 12, 2018, 03:57:28 AM

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.

Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).

I don't think that you need to compare the silver to bitcoin because as far as I know bitcoin is greater than the silver.

realcrypto

member

Activity: 476

Merit: 12

I don't think it's ideal to compare silver with bitcoin. Bitcoin is different from silver in every thing. There is a very wide gap of technological advancements now compare to when people were using silver in exchange for goods and services.

bitcad4u

sr. member

Activity: 602

Merit: 255

The bitcoin is greater than silver.If you had brought silver with certain price.You will get 30% of profit maximum after speaking some money to make it as useful things.But you can buy and sell bitcoin as it is.And in bitcoin you can buy bitcoin at various rates.You can sell it at huge amount of profit.The buying and selling price is decided by you with respect to market.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: First77 on April 12, 2018, 03:57:28 AM

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

This is way off. For one thing, $80 in 1980 would be worth more like $250, not 3000. Also, the price you gave is wrong anyway - if you don't adjust for inflation on this chart, you'll find that the peak was about $35, and if you do adjust for inflation you'll find that the peak was about $113.

Quite similarly to Bitcoin, silver is somewhat useful, and therefore some of silver's value comes from its use or potential use, while some of its value comes from speculators.

That doesn't mean that its collapse would be as dramatic as you think.

trecore4

sr. member

Activity: 658

Merit: 260

CryptoTalk.Org - Get Paid for every Post!

Quote from: First77 on April 12, 2018, 03:57:28 AM

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.

Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).

Okay if government has taken things for the granted then I believe it is some sort of the war now which will be against the decentralised community and centralised government. If your story is true and if silver gets costly during the war then surely bitcoin will become costly to which is nothing but good thing for us. I mean if the prices are low for now then thats because many governments are chasing the rules and regulations and thus out of fear everything is down and which is nothing but golden opportunity for us! Tongue

Wow kinda started liking this war and thanks for sharing the silver story! This is time we create the Bitcoin story and tell that to our grand children when they will be working on some alien technology in their time!

JamesLizu152

newbie

Activity: 10

Merit: 0

I hope Bitcoin will be similar to Silver.

Corsicoin

full member

Activity: 448

Merit: 107

CryptoSport

You have one point.
BUT Silver is not very easy to buy isn't it?
Today you buy Bitcoin like you buy bread of cheese. That's the main difference!
Let's wait for the massive adoption and the rules will change.

mustamin88

newbie

Activity: 98

Merit: 0

Bitcoin creates the risk of financial system stability in the event of a bubble burst, as there is an interaction between the virtual currency and the real economy.
"There is a risk of high price volatility because its value is determined on the expectation of future supply and demand.

idgaf007

jr. member

Activity: 126

Merit: 4

It's possible but the main difference is I did not see silver as being as accessible as bitcoin in the early stages. It will be a different story in my opinion because the time is different before than today.

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: First77 on April 12, 2018, 03:57:28 AM

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.

Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).

Well either it be gold or silver i think we are still making more headway than ever before. We have broken a lot of barriers and records especially milestones on how we go around and making bitcoin and the cryptocurrency market relevant. For all we care it can even be a bronze story but right now the most important thing is that bitcoin becomes afloat and to do that we need more time to i tegrate and to push for the integration of bitcoin

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

i can only wish that comes true.

and i think it is the dream of many others too. everyone around here would want 1 satoshi to be worth $3000 and then fall down to $17/satoshi one day.
and don't you worry we will get there some day and you will regret not buying satoshis at $0.00007 today

First77

member

Activity: 266

Merit: 32

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.

Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).

Topic: Bitcoin has the Silver story - page 2. (Read 249 times)