Topic: Silver oz price dipping to $29.70 and Bitcoin hitting $27.50, gap closing fast (Read 5111 times)

The last time I saw someone post '$100 this year' was right before the last $32 peak in 2011, and we finished the year barely above $2.  I hope it won't be the same this time around.

Absolute classic. Love it!



Great! 

Gold and silver are perfectly suited for being money?  Okay, I'll give you $10,000 for 1oz of Silver if you personally deliver it to me within the hour.  Actually, I take that back, I don't want 1oz.  Since it's easily divisible as you say, give me exactly 0.98765 ounces in 1 hour, and you have your 10 grand. 

That's one hell of a deal I'm giving you.  Lucky for you silver is perfectly suitable so you should have no problem fulfilling this request.  Tick, tock.

Done !

http://www.reddit.com/r/economy/comments/18urz7/bitcoin_at_parity_with_silver/

All time high in 2013 ??  It's a matter of days !   100$ in 2013 would not be so surprising for me !

I didn't say that.  In fact, I wasn't replying to you.  But you don't care, you just want to attack me.

What really bugs me is that in spite of the fact that I agree with most of your positions, you still insist on attacking me.  You've made me your enemy and you don't even read what I say.  You just attack me for some position I never said I held.

When did I ever compare 1 bitcoin to 1 ounce?

I was implying that comparing the 2 markets is a retarded point and ignoring bitcoin just because it is smaller is ignorant,

How long has gold/silver been around in this world in comparison to bitcoin? it has AGES of time before bitcoin

my point was that do you think that gold just started off at whatever X USD you said? no you clown it gradually made its way to where it is now, the stuff is constantly being mined and there is no real determined number of how much there is,

Unlike Gold and Silver, Bitcoin has a determined number of how many there will be in existance, (edit: We know a General Idea of how many there will be in the end), this is a huge factor on why i think if not now then in the end bitcoin will be worth so much more than it is,

 You can compare the 2 all you want and say that its a joke but my point is what is stopping bitcoin from reaching the markets that gold and silver is in its own time? nothing. Everyone involved that are the bigger players, (businesses and miners)are presumably here til the end

as I said, there are people who disagree with Everything in this world regardless of the subject, bitcoin is no different  

Edit:
I forgot to add in the beginning that I knew you would have trouble understanding, Clown

I have no idea what you are trying to say.  At first I assumed you were talking to me since I'm the one that mentioned waking up, but I'm having trouble understanding how your comments relate to anything I said.  It seems you're just attacking me again for no good reason.  If you would like to have a discussion, please drop the attitude and make your points clearly.

Now, what would you like me to clarify?  The only statement I made was pointing out that there are 2000x as many ounces of gold as there are bitcoins and that comparing one ounce to one bitcoin is an arbitrary comparison.  If you disagree, please explain why without the personal attacks.  If you do agree, please quit attacking me.

I brought the point up of our world going to the digital age,

Who gives a shit about the ounce of silver being physical? the only reason that people view that block of gray junk as valuable is because the world knows of it

Bitcoin is no different than if the whole community here was using pooka shells or something as the currency, We (well most) believe that bitcoin has value, not only that we believe that bitcoin has alot more benefits than what is out there now,

Once more people realize this there is nothing stopping the price of bitcoin to be equivalent of the silver market in its own time


Apple during its run up had its bears, Anything in the world has people that disagree/dont believe in it, its just how the way the world woks there are those who disagree, but i believe in this case its only a matter of time before the world may see the true value of bitcoin

If im wrong oh well i lost money, I can make more of it.

Do you really think that the silver market started off at that price?

please when you actually think clearly wake everyone else up..

Oh wait were all already awake your the one that is in retarded dream land

Right, 21 million bitcoins vs. roughly 42 billion ounces of silver.  When we get to 2000X the value of an ounce of silver, wake me up.

An ounce is a typical portion to buy metals.
A bitcoin is a typical portion to buy bitcoin.

Everyone is right!

No, it is not. That is my point. An ounce of silver is a completely arbitrary comparison point and has zero meaning other than symbolic. It's not like you can have an ounce of bitcoin.

With that said, I have been considering dropping some fiat into some junk silver. Unfortunately, I just put a bunch into steel & rubber and the government is about to come calling for its pound of flesh because I have a place to live.

Good time to diversify a little bit and buy some metal.

dude a currency that was made up 4 years ago is priced the same as one that has stood the test of time

this should seem significant especially if the price hold, if not go higher

anyone holding silver will probably be thinking why the fuck they have this shitty gray shit when they should  have awesome digital bitcoins!!!!!

Kind of. I mean, it will certainly result in more exposure as people like to talk about "neat" things, and sometimes people even write articles about this sort of thing, which historically has bolstered the price of bitcoin.

Whilst "neat", does anyone actually think this really means anything?

^ Epic.

Having a party in my cubicle.

In October, a friend of mine got me a silver coin for my birthday. In December I gave him a bitcoin for his birthday (a physical one) and I said it would be worth more than the silver coin soon.

I texted the news this morning.

wow.