Will people buy Bitcoin for $5000 when Silver is $18/ounce ??

[First77]

When Silver is $18/ounce, will people buy one Bitcoin for $5000

[Dapper]

As long as $20 to $50k weighs as much as a flashdrive vs. 30 kilograms of silver, yes.

[First77]

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.  

[bryant.coleman]

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?

[First77]

If gold at $1340/ounce is a luxury item, so what is one bitcoin at $5000.

[HashieNewb]

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.

[wonderchaff]

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 .

[HashieNewb]

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.

[First77]

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.

[Lucius]

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?

[majest3]

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.