ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.
Interesting...how much of a discount can I get on my Amazon purchases using metals?
How do I send them my metals from Europe for payment?
Yeah... fuck metals.
I am not opposed to investing a little of everything, but a person only has so much money to spread around.
Even if Bitcoin may not succeed, and even if bitcoin may be subject to a considerable amount of manipulation by potential scam exchanges and banks throwing fiat at it to drive down the price, in the end, Bitcoin has way more upside potential than any of the various precious metals.
We could go into a detailed calculation regarding the various upside and downside potentials of each kind of investment, and we would conclude that there are probabilities that various metals could appreciate - maybe even 100x...
but at this time, in the current state of affairs, bitcoin has greater probabilities and greater expected future value.... accordingly, bitcoin seems to be an overall better investment than precious metals...
Certainly, we will see how this plays out, and every person should perform his/her own calculations in order to determine which ones s/he considers to have the better expected future values and various probabilities that s/he attaches to future appreciation of each (and then invest accordingly).
we could argue that bitcoin could easily be replaced by manipulators with another crypto-currency, while pms cannot be replaced by another pms.. one oz of silver is the same as another oz of silver regardless of what is inscribed on its surface or by what name we call it .. this is not the same truth for cryptos in general unfortunately . .. the value of bitcoin could go to zero and never go up again, while pms will ALWAYS be worth something. currently, bitcoin has several unresolved issues that make it a much greater risk as an investment than metals.
Yes, I will concede that you made decent points in your above post regarding the tangible nature of precious metals always being worth something and that bitcoin has the potential to be worth very close (if not at absolute) to zero in certain scenarios (including an implied Armageddon scenario, and possibly some other scenarios, as well, including being completely subsumed by some hypothetical, currently non-existent alt currency).
However, will you concede that given the totality of circumstances and utility of quasi-decentralized value of bitcoin, etc, etc, bitcoin appears to be the best game in town at the moment and to have a much greater upside potential in how it could be priced in the future, as compared with PMs?
Therefore, if you concede the upside potential of BTC, even if assigning very low probabilities to million dollar scenarios, in the end, if we take into account all of the various probabilities as far as we can recognize variables and possible future events, we should consider at this time (even including your implied very low probability scenario of total Armageddon or another currently non-existent scenario of a take over coin/technology), for most people knowledgeable and who perform an honest and genuine calculation should conclude that bitcoin's current expected value is much greater than any of the various PMs that are arguable competitor investments.
Maybe you come to a different calculations than me, but if so, you are likely failing and/or refusing to account for the true upside potential of BTC and accurate and realistic probabilities of such upside potential. Instead, you are engaging in ongoing posts of FUD concerning a topic that is not really very relevant to this thread but just apparent attempts at trolling to lead us astray of the true topic of this thread, bitcoin related speculation...
