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Title: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: First77 on January 19, 2018, 09:24:09 AM When Silver is $18/ounce, will people buy one Bitcoin for $5000
Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: Dapper on January 19, 2018, 09:27:55 AM As long as $20 to $50k weighs as much as a flashdrive vs. 30 kilograms of silver, yes.
Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: First77 on January 19, 2018, 09:30:08 AM As long as $20 to $50k weighs as much as a flashdrive vs. 30 kilograms of silver, yes. It needs some $400,000,000,000 to get invested in Silver and Silver price will be $80/ounce. From $18 to $80. ;) Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: bryant.coleman on January 19, 2018, 09:39:42 AM When Silver is $18/ounce, will people buy one Bitcoin for $5000 I am tired of explaining this to the noobs. When you guys will understand that one coin is not equal to one ounce? The annual production of silver is somewhere around 650,000,000 ounces. On the other hand, the annual (fresh) supply of Bitcoin stands at just 650,000 coins. Do I need to explain further? Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: First77 on January 19, 2018, 10:11:14 AM If gold at $1340/ounce is a luxury item, so what is one bitcoin at $5000.
Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: HashieNewb on January 19, 2018, 10:12:31 AM When Silver is $18/ounce, will people buy one Bitcoin for $5000 People will purchase whatever they want. Even with cheap Silver, evenually nobody will want it. That goes for Bitcoin too.Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: wonderchaff on January 19, 2018, 10:13:28 AM its more comfortable to buy something that you can store on your pc, mobile or hardware wallet ... and you don't need to buy whole bitcoin. Look if btc make 5% up for 24 hour so you earned 5% from your investment .
Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: HashieNewb on January 19, 2018, 10:15:43 AM its more comfortable to buy something that you can store on your pc, mobile or hardware wallet ... and you don't need to buy whole bitcoin. Look if btc make 5% up for 24 hour so you earned 5% from your investment . Though that may be correct, most people want a physical item that they can keep. That is why they choose to store precious metals.Bitcoin and Silver will eventually have no real value. Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: First77 on January 19, 2018, 10:34:57 AM Though that may be correct, most people want a physical item that they can keep. That is why they choose to store precious metals. Bitcoin and Silver will eventually have no real value. https://cdni.rt.com/files/2017.12/thumbnail/5a328848fc7e93d1428b4569.jpgTitle: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: Lucius on January 19, 2018, 10:47:02 AM There is no doubt that gold&silver have always been a safe investment,but their price is fairly stable over time although there are ups and downs.Just over a month ago price of silver ounce is drop to 15.74$ and highest price in last year was 18.60$ per ounce.So it is not easy to profit from sillver if we compare that with BTC.
Also we are in digital age,people like everything what is connected to internet and BTC is currently something that attracts great attention. its more comfortable to buy something that you can store on your pc, mobile or hardware wallet ... and you don't need to buy whole bitcoin. Look if btc make 5% up for 24 hour so you earned 5% from your investment . Though that may be correct, most people want a physical item that they can keep. That is why they choose to store precious metals.Bitcoin and Silver will eventually have no real value. Why you think like this,especially for silver?Will gold also lose value? Title: Re: Will people buy Bitcoin for $5000 when Silver is $18/ounce ?? Post by: majest3 on January 19, 2018, 10:56:54 AM It really depends on why you are buying it. For a ROI silver is a pretty poor alternative to Bitcoin. I was one of those lucky people who loaded up on Silver when it was $50 an ounce, only wish that money had been put in the BTC. Silver is a store of value though and the price is fairly constant, so there are some reasons to hold it.
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