Bitcoin Forum

I wonder if it's good to cash out of BTC now and buy silver, which seems to be in a nice dip.

Thoughts?

http://silverprice.org/charts/history/silver_20_year_o_usd.png

Don't cash out, but if you have a significant amount of bitcoins you might want to diversify your portfolio.

Go for it, but I wouldn't cash out all of your BTC though.

Want my advice?
Keep some btc!

silver can be controlled by government, aaccording to max kaiser, the silver should be 300 now buy government is undervalue it

I've been holding gold and silver for years now. In my ongoing process to separate myself from an economy that seems headed for the big wall, I sold SLV shares and am now navigating the "buy bitcoins!" gauntlet. Nothing I have ever done in the world of investing has ever been this arcane and difficult. IMHO, this is *the* main reason btc will have a challenge going Main Street to become a viable alternative to the dying dollar.

I would diversify and be ready for anything! Including a trip back to the 19th century, in which case btc will be nowhere to be found and that farmer will only accept silver coins for his chickens.

How are BTC immune to the same type of manipulation? How do we know that this drastic price inflation isn't a result of government manipulation?

It's hard to take your comment seriously when you claim government control without explaining why or even how they control it.
Thanks

good idea

keep your bitcoins man..you might regret selling them!

It's always a good idea not to have all your eggs in one basket.

Having said that, the upside potential of Bitcoins is far greater then that of silver... so is the risk.

great question! the reason is because there is incentive for people to allow their silver to be helled by a third party since it is very difficult to change ownership of physical silver in a global market. With btc on the other hand there is no incentive for individuals to allow a third party to hold their bitcoins for them, since we can exchange them with anyone we like without relying on an intermediary.

what this means is that since all the silver is held in a central repository it is easy for that repository to lie about how much silver they have.

why miss out on double returns

Double returns are only returns if you cash out at the right time.  How many have that kind of trading acumen to know when that time is?

Diversifying would be a smart move for a layman who wants to spread their risk.

my strategy is to ignore the price and keep my ear to the ground. When average joe and betty on the street are talking about how they just bought some bitcoin, ill know its time.

AMEN!  Far from that now though.  I suspect a few bubble cycles will happen before we are at that stage.

almost certainly this is true. But if this is true and you hold for the long haul than you will come out ontop.

Just starting to get on the BTC train.

I have been stacking silver and gold for a year or so now.

My Au & Ag stack is not for investments purposes. It's more a store of wealth for me.

The man can tax my fiat, but can't touch my PM's!

Only thing I worry about BTC is the man outlawing it.

nice idea

Be sure to get PHYSICAL silver in your own possession. SLV is for day traders and of course the price is manipulated.

he cant try but then we can just run it through the darknets instead of the clearnet =)

If you can't fondle and make love to it, you don't own it!

Got myself a nice little stack.

Sometimes I pull it out and make secksy time with it. LOL.

But what about people who own their own silver in safes/deposit boxes? Silver and gold have been traded and given value for thousands of years. It's understood that they have value and always will. However my question was how can we be sure that the government isn't manipulating the btc market the same way they do the commodity market?

if you still wanna cash out and buy silver check my bitmit auctions https://www.bitmit.net/en/user/MarketAnarchist

I have the cheapest prices around and a really strong rep

Wow so much to say here.  I feel the same way OP.  I bought some silver due to the dip but not to actually make money, instead to hedge against losing it all.  I know silver will ALWAYS be worth something where you can't say the same about BTC and other cryptocurrencies.  At the end of the day like others stated it's good to balance your investments so that you have all ends covered, or at least as much as you can.  I definitley think silver/gold is one definite way to do that.