Bitcoin Forum

Silver was $80/ounce in 1980. That is like $3000/ounce today. But now Silver is $17/ounce.

All the signs that Bitcoin is going the Silver way. It was declared that Silver will be precious metal and it will be traded on buying and selling and also speculations/predicting events because silver has many uses in Industries, electronics (TVs, computers etc..), a cruise missile has 16 kgs silver that is the reason major war takes Silver price to new highs.

Now Bitcoin has been declared as a speculative asset by governments (deal at your own risk).

i can only wish that comes true.

and i think it is the dream of many others too. everyone around here would want 1 satoshi to be worth $3000 and then fall down to $17/satoshi one day.
and don't you worry we will get there some day and you will regret not buying satoshis at $0.00007 today

Well either it be gold or silver i think we are still making more headway than ever before. We have broken a lot of barriers and records especially milestones on how we go around and making bitcoin and the cryptocurrency market relevant. For all we care it can even be a bronze story but right now the most important thing is that bitcoin becomes afloat and to do that we need more time to i tegrate and to push for the integration of bitcoin

It's possible but the main difference is I did not see silver as being as accessible as bitcoin in the early stages. It will be a different story in my opinion because the time is different before than today.

Bitcoin creates the risk of financial system stability in the event of a bubble burst, as there is an interaction between the virtual currency and the real economy.
"There is a risk of high price volatility because its value is determined on the expectation of future supply and demand.

You have one point.
BUT Silver is not very easy to buy isn't it?
Today you buy Bitcoin like you buy bread of cheese. That's the main difference!
Let's wait for the massive adoption and the rules will change.

I hope Bitcoin will be similar to Silver.

Okay if government has taken things for the granted then I believe it is some sort of the war now which will be against the decentralised community and centralised government. If your story is true and if silver gets costly during the war then surely bitcoin will become costly to which is nothing but good thing for us. I mean if the prices are low for now then thats because many governments are chasing the rules and regulations and thus out of fear everything is down and which is nothing but golden opportunity for us!  :P Wow kinda started liking this war and thanks for sharing the silver story! This is time we create the Bitcoin story and tell that to our grand children when they will be working on some alien technology in their time!

This is way off.  For one thing, $80 in 1980 would be worth more like $250, not 3000.  Also, the price you gave is wrong anyway - if you don't adjust for inflation on this chart (http://www.macrotrends.net/1470/historical-silver-prices-100-year-chart), you'll find that the peak was about $35, and if you do adjust for inflation you'll find that the peak was about $113.

Quite similarly to Bitcoin, silver is somewhat useful, and therefore some of silver's value comes from its use or potential use, while some of its value comes from speculators.

That doesn't mean that its collapse would be as dramatic as you think.

The bitcoin is greater than silver.If you had brought silver with certain price.You will get 30% of profit maximum after speaking some money to make it as useful things.But you can buy and sell bitcoin as it is.And in bitcoin you can buy bitcoin at various rates.You can sell it at huge amount of profit.The buying and selling price is decided by you with respect to market.

I don't think it's ideal to compare silver  with bitcoin.  Bitcoin is different from silver in every thing.  There is a very wide gap of technological advancements now compare to when people were using silver in exchange for goods and services.

I don't think that you need to compare the silver to bitcoin because as far as I know bitcoin is greater than the silver.

IF Bitcoin is there, what will be the price after 20 years ?? It fell from $20,000 o $6,500 in 2 months  ;D

Completely two different stories in my opinion. It's like comparing a screw driver to a drill, one is outdated and the other is innovated already. You don't see alot of people using silver as of today but you can see bitcoin being used mostly by everyone in the future. It may be volatile but I don't think it will lose it's value as time pass by.

What is this? another precious metal to bitcoin comparison? What happens to Gold 2.0 then? Is bitcoin not going to Gold's path and be the hedge and the investment platform that most people are going to?

Yes, I would have to agree that its a speculative asset, no one can really deny it, but comparing it against Silver is very flaw at the beginning. But if you are telling us the bitcoin price will go down in the next 10 years or so, I really doubt that it can happen just like Silver. Maybe bitcoin is really comparable to Gold, but Silver? Nah, I don't think so.

Gold is $1350/ounce   ;D  Look at Bitcoin price.

In terms of value, I must say that bitcoin might be undertaking Silver's previous path in the meantime, but we do know that most investors and hedge fund managers are eyeing bitcoin as a means to save their flunking assets in the event of another economic downturn, similar to what they saw in gold's side. Though the future appears to be bright for the said crypto, still it's too premature to state or give conclusions on this roller coaster ride. Regulations are coming in, the scene is slowly getting matured. All I can say is that bitcoin mightbe acknowledged by most of the financial magnates in the coming time if it keeps the pace it has right now.

do you even still think in us dollar?

you all do the mistake thinking in us dollar although its common knowledge that the us dollar will break, especiallys since the trust in the central banks and the white men dominated american financial system is collapsing

after that all other fiat systems will collapse, what will you do then?

Now $0.0001 Bitcoin = $7.

If governments regulate bitcoin exchanges then volatility may reduce a lot because currently, some big whales may be doing pump and dumps.


If you're new to bitcoin investments then it is new to you but for the old investors, it is common to them because this kind of high volatility is quite common in bitcoin investment. You can check the history of bitcoin price movements then you will come to know.

Anyway, bitcoins are only for high-risk takers not for conservative investors. If you think you can't take a risk then invest your money either in bank deposits or gold.

I think more than silver can even be equated with gold if you see the growth and price graphs can be said so for the expectations of investors can be more advanced again and earn a substantial profit in the investment

Incomparable story it is. You should not compare crypto with physically exist metal. Silver can not be accepted on every shop or between companies as a source of payment but Bitcoin is using. Bitcoin is far away different from silver and you can only compare the crypto with crypto but if look into crypto currencies there is no such currency that can be compared with Bitcoin. Bitcoin is unique in all proportions.

In 2012, there were lots of internet talks about "Buy 1 ounce silver. End the Fed". Then Silver price crashed from $50/ounce to $9/ounce

Silver was $80/ounce in 1980 when the "Hunt brothers" bought all the silver, it was total manipulation.

It was "traders cartel" that pushed Bitcoin to $20,000. The cartel was using unregulated and anonymous Bitcoin for illegal activities worth multi-billion dollars.

Bitcoin hitting $2,000 in 2018 is more likely

There is no comparison between the two as bitcoin is a digital currency unlike silver. Mark my words, it will be rare in coming days.

whe have to wait and look what the time will bring to our Coins !
No one can saay what will hapen next to the charts not for this week and not for this year!



kind regards

Not at all and I will explain why. The total number of Bitcoins that can be mined is 21 million. Think about if the Earth had 21 million pounds of gold. Some of that gold is melted down and alloyed with other materials. Some of it is lost at sea never to be recovered. Gold however still has value even though as the years go on there is less of it every year. Bitcoin works exactly the same way. For each coin that is lost and each person that forgot where they put their key when they went to Cold Storage it makes the value of the remaining coins that much higher. It's getting to be pretty difficult to own an entire Bitcoin and in two years it's going to be ridiculously hard or expensive. The next halving is going to happen and that means each block of Bitcoin is only going to be 6.25 coins. The value of Bitcoin either has to go substantially higher or the entire project has to crash. The reason I say it has to go higher is because of the cost of mining. It's getting more and more expensive to extract Bitcoin out of the air. I don't have the foggiest idea how high or where the price is headed but I would be very surprised if it's not at least 35 thousand by 2020 at a minimum

I think Bitcoin is very expensive in comparison to silver. You have to purchase at a certain price. You can get a little profit from it. Moreover, it is more heavy. On the other hand, Bitcoin is a weighing of valuable coins and a profitable investment. You can sell it by understanding the opportunity. You can buy it at a different price at different times. Keep buying Bitcoin when you buy and sell it when its price is pumped. From this you will get huge amounts of profit. The price depends on the market's demand. Bitcoin can be paid for everything.

in my opinion if it will happen it would be greate maybe more than silver, there is a fact that bitcoin can go pass through either gold but that was my only theory.

I don't think that is a problem when Bitcoin is equated with the condition of silver today, the most important thing is the existence of the cryptocurrency industry as a whole can be maintained globally. the question of value or value that is not large is not a significant problem. the important thing is usefulness like silver today.

Perhaps bitcoin will be like silver. But I think that bitcoin is something more. It has unlimited potential for growth and  in the future may happen so bitcoin will have incredible value. Or he will be a more stable currency to use in daily life.

Bitcoin is compared to the dollar, with gold and silver. Maybe enough to compare?

I think Bitcoin is qualitatively different from many assets.