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Title: : Post by: chodpaba on June 12, 2011, 09:08:56 PM :
Title: Re: Silver Priced in BTC Post by: bitcoinconnection on June 12, 2011, 09:42:41 PM This a funny comparison, about as correct as to comparing the price of oil at the start of the recession. Try using a better correlations.
http://www.bitcoinconnection.com/gas_meter.jpg Lookie Here 1MXgbEABic6Up7e3SzHrmkdQTTSRpuUAxY http://www.tradehill.com/?r=TH-R1960 (http://www.tradehill.com/?r=TH-R1960) http://www.bitcoinconnection.com/TradeHill.jpg Title: Re: Silver Priced in BTC Post by: Ian Maxwell on June 12, 2011, 09:56:57 PM I just closed a deal a few days ago, to buy 10 XAG for 10 BTC. This was when they were pretty close to parity. I'm sort of curious to see if the guy will come through.
Title: Re: Silver Priced in BTC Post by: cypherdoc on June 12, 2011, 10:41:43 PM I wouldn't be too worried, the price of bitcoins will bounce back to silver parity pretty quick. In a couple months a 1/1 trade of bitcoins to silver will look silly because bitcoins will be so much higher. You know, that is kind of what I thought too. It would seem to make sense that if you had a large position in silver you would want to go ahead and move part of it over to Bitcoin. i've already done just that with my silver bullion. i'm actually thinking of selling my gold bullion as well. risky i know. Title: Re: Silver Priced in BTC Post by: TraderTimm on June 12, 2011, 10:47:25 PM It is interesting the conversation about precious metals and hedging your bets further with bitcoin. I see advantages of having both, mostly for bitcoin's resistance to seizure (unless they got the only copy of your wallet file, in that case - shame on your shoddy backup plan), and gold/silver's store-of-value historically. Bitcoin will have truly 'arrived' when you have people openly recommending such strategies on the news. (But I'm not holding my breath.)
I'm wondering when we hit parity to both, I'd hazard a guess by the end of the year if not sooner. Title: Re: Silver Priced in BTC Post by: cypherdoc on July 02, 2011, 05:05:35 AM well, i took the plunge and liquidated most of my gold bullion as well as all my silver bullion. nice to take profits but sure as hell hope i made the right move at what i think is the top in gold. kick me in a year if i'm wrong.
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