Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years?
Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit
Unlikely, unless dollar gets heavily devalued
Silver had once already reached almost 50 dollars per ounce in 2011 if I'm not mistaken. Just when the quantitative easings were running at full capacity, and even those prices had been manipulated (up to a point where an investigation was started). Since then trading rules have changed, and as I said, unless dollar hits the floor, substantially higher gold and silver prices are unlikely (like times greater than now). People which heavily invested in some asset always think that this asset is massively undervalued. Just like those who sold it at lower prices think that it is highly overvalued (so-called ego rubbing)
Okay, I appreciate your thoughts, however price was manipulated recently, I think some emails made public, and it was for manipulating price down, not up. Currently if I sold all, I would be at zero profit and loss, and my savings are 40% silver, 20% bitcoin, 40% fiat. I would like to increase bitcoin %, but selling silver now dont feel like a great idea. With bitcoin there is more possible earning in shorter time, but also bigger chance to lose more.