When silver goes up just a bit, I'm delighted.
The BTC climbs at this staggering rate, and I have all sorts of conflicting thoughts.
well, you know what. this thread has been all about gold but i've never taken the time to show you the difference btwn the performance of silver vs. Bitcoin since i made my exchange back in the Spring of 2011. i've made it clear that my average cost out from selling silver was $44 and that i started buying Bitcoin @ $1.60. here are the figures:
Silver: -27%
Bitcoin: +987%
Diff: +1014% advantage Bitcoin.
I think that what got a lot of us going was that by it's very title of the thread is about gold
collapsing. A lot of us thought it unlikely and continue to feel it unlikely a year later. As long as it doesn't happen it makes for a long-running thread, and one of my favorites on the forum since it has touched so many subjects.
yeah, the title is provocative. i probably should have titled it "Gold collapsing
relative to Bitcoin". whereas i actually DO think the possibility for gold/silver to collapse is still there as displayed by my ongoing short position, i must admit that the likelihood for that is waning. this clearly has been a direct result of the extent to which TPTB have been willing to throw all laws and rightful accounting practices out the window and thus the common ppl under the bus to prevent deflation. it's extraordinary and i think that payback time will one day come as i don't think TPTB can control markets forever. this is where i differ from the inflationists. volatility is built into the system even as we see the VIX drop to multi-year low levels of 12.31 and i think deflation will get its turn eventually. but its a slow process.
In my case, and probably most of the other readers who also have a BTC stash, your picking up for silverbox updates showing awesome Bitcoin figures are delightful. I should dig back in the thread and figure out how to do another year-over-year analysis if I were not so lazy.
An interesting artifact which is currently a little mis-leading but good propaganda would also be a Jan-1 data-point plot of USD/BTC values. It should show a pretty clean rise in BTC values since it, by happenstance, avoids the 2011 bubble. I expect that to be leveragable for mainstream purposes going forward, though it is unclear to me even when/if I will ever be (again) excited about Bitcoin cast before the public eye. The 'casting pearls before swine' concept is only a small part of my reluctance to hope for this.
if you do this you might want to start from the Jan 2009 date that Bitcoin was born.
