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Topic: Silver oz price dipping to $29.70 and Bitcoin hitting $27.50, gap closing fast - page 3. (Read 5193 times)

sr. member
Activity: 280
Merit: 250
bye bye silver, welcome BTC in the precius "metal"

Yeah, have you seen it?

legendary
Activity: 1038
Merit: 1000
Bitcoin entrepreneur and Pro Trader
bye bye silver, welcome BTC in the precius "metal"
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Incredible to say the least. Silver as money is as old as civilization.

This is exactly what has me so amazed about bitcoin. It has bootstrapped itself from zero value 4.1 years ago to a serious rival for precious metals on its own merits. Sure it has been volatile, but overall, this achievement for a new paradigm and new technology is astounding.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Incredible to say the least. Silver as money is as old as civilization.
legendary
Activity: 1764
Merit: 1002
Yes.  Parity.  Here we come!!!
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Bitcoin nearly reached parity with the silver oz during its bubble in 2011 (peaking at $32 when silver was at $34).

Now, in Feb 2013, it is likely to achieve that milestone. If the fundamentals remain strong it will stay there.

Any of the millions of precious metal enthusiasts who have put their savings into silver should be considering that a percentage of it would be better invested elsewhere!
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