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Title: bitcoin vs silver Post by: bracek on March 17, 2012, 09:28:02 PM which one could double first ?
Title: Re: bitcoin vs silver Post by: evoorhees on March 17, 2012, 10:02:04 PM which one could double first ? Bitcoin will double first, but both will double. Title: Re: bitcoin vs silver Post by: AndDuffy on March 17, 2012, 10:04:24 PM You should make this a poll.
Also, yeah. Bitcoin for sure. As gold prices fall, silver will rise. But as the dollar (and the Euro, and any other fiat) falls, bitcoin will skyrocket. Title: Re: bitcoin vs silver Post by: Ente on March 17, 2012, 11:09:42 PM As gold prices fall, silver will rise. ..first time ever I hear this hypothesis. Most folks say that silver leads, gold follows. silver is more volatile with larger swings, but they shall both go the same direction. However, historically, silver seems to be highly underrated, compared to gold. However, bitcoin seems to be highly highly underrated compared to fiat ;-) Ente Title: Re: bitcoin vs silver Post by: AndDuffy on March 17, 2012, 11:18:16 PM As gold prices fall, silver will rise. ..first time ever I hear this hypothesis. Most folks say that silver leads, gold follows. silver is more volatile with larger swings, but they shall both go the same direction. However, historically, silver seems to be highly underrated, compared to gold. However, bitcoin seems to be highly highly underrated compared to fiat ;-) Ente I think that right now, historical data doesn't count for much. People are beginning to completely distrust fiat altogether, so they're turning to metals. I think that gold has reached its peak (for now, until fiat collapses completely), and so people looking to retain their wealth are going to turn to silver. Title: Re: bitcoin vs silver Post by: fcmatt on March 17, 2012, 11:29:54 PM US dollar is not going anywhere in our lifetimes. When crap hits the storm people rush to the dollar (bonds).
Silver is severely over priced right now. Fair value is probably 15 dollars when you consider how much it costs for it to come out of the ground and be sold. Bitcoin would double before silver. Easy choice. Title: Re: bitcoin vs silver Post by: waveaddict on March 17, 2012, 11:33:00 PM US dollar is not going anywhere in our lifetimes. When crap hits the storm people rush to the dollar (bonds). Silver is severely over priced right now. Fair value is probably 15 dollars when you consider how much it costs for it to come out of the ground and be sold. Bitcoin would double before silver. Easy choice. agree Title: Re: bitcoin vs silver Post by: AndDuffy on March 17, 2012, 11:43:01 PM US dollar is not going anywhere in our lifetimes. When crap hits the storm people rush to the dollar (bonds). Silver is severely over priced right now. Fair value is probably 15 dollars when you consider how much it costs for it to come out of the ground and be sold. Bitcoin would double before silver. Easy choice. http://finance.yahoo.com/blogs/daily-ticker/pimco-bill-gross-qe3-inflation-muted-growth-way-115229488.html Bonds are done. Title: Re: bitcoin vs silver Post by: waveaddict on March 18, 2012, 12:02:27 AM US dollar is not going anywhere in our lifetimes. When crap hits the storm people rush to the dollar (bonds). Silver is severely over priced right now. Fair value is probably 15 dollars when you consider how much it costs for it to come out of the ground and be sold. Bitcoin would double before silver. Easy choice. http://finance.yahoo.com/blogs/daily-ticker/pimco-bill-gross-qe3-inflation-muted-growth-way-115229488.html Bonds are done. Bill Gross got his ass handed to him during the debt debate last fall when US yields collapsed. Just because he has an opinion doesn't mean it is correct. Title: Re: bitcoin vs silver Post by: AndDuffy on March 18, 2012, 12:13:35 AM US dollar is not going anywhere in our lifetimes. When crap hits the storm people rush to the dollar (bonds). Silver is severely over priced right now. Fair value is probably 15 dollars when you consider how much it costs for it to come out of the ground and be sold. Bitcoin would double before silver. Easy choice. http://finance.yahoo.com/blogs/daily-ticker/pimco-bill-gross-qe3-inflation-muted-growth-way-115229488.html Bonds are done. Just because he has an opinion doesn't mean it is correct. To be fair, that applies to all of us. We'll just have to see what happens. Title: Re: bitcoin vs silver Post by: tvbcof on March 18, 2012, 12:35:49 AM which one could double first ? Either could of course. The phrasing seems somewhat none-sense to me. I'll say the odds are on Bitcoin doubling (measured in USD) first mostly because it's much more volatile and a doubling is much more within it's recent range. Of course Bitcoin could very easily be cut in half just as fast, and while possible, I don't see it happening for silver (but we can hope since I would be delighted at another buying opportunity.) A more interesting question is: 'Which one has the potential to increase in constant dollar value by orders of magnitude?' The answer here would be Bitcoin, and that's a fair part of the reason why I'm sticking around. Title: Re: bitcoin vs silver Post by: silverbox on March 19, 2012, 08:01:40 PM which one could double first ? Either could of course. The phrasing seems somewhat none-sense to me. I'll say the odds are on Bitcoin doubling (measured in USD) first mostly because it's much more volatile and a doubling is much more within it's recent range. Of course Bitcoin could very easily be cut in half just as fast, and while possible, I don't see it happening for silver (but we can hope since I would be delighted at another buying opportunity.) A more interesting question is: 'Which one has the potential to increase in constant dollar value by orders of magnitude?' The answer here would be Bitcoin, and that's a fair part of the reason why I'm sticking around. Ditto. Title: Re: bitcoin vs silver Post by: stochastic on March 19, 2012, 11:31:23 PM But as the dollar (and the Euro, and any other fiat) falls, bitcoin will skyrocket Fall against what? Title: Re: bitcoin vs silver Post by: AndDuffy on March 20, 2012, 12:28:46 AM Against value itself.
Title: Re: bitcoin vs silver Post by: Stephen Gornick on April 07, 2012, 12:36:23 AM Ounces of silver that one BTC will buy (Dec 1, 2011 through March 31, 2012):
https://i.imgur.com/8XzDa.png Ounces of gold that one BTC will buy (Dec 1, 2011 through March 31, 2012): https://i.imgur.com/9VB1G.png Barrels of oil that one BTC will buy (Dec 1, 2011 through March 31, 2012): https://i.imgur.com/Pnsvf.png The spreadsheet with the underlying data: - https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHJuUE1mUkFxa3A0eHBDQkxZLVVFZmc |
