Silver at 29 ,Bitcoin at 30. this is no-brainer..

[Nikolaj06]

Soo, let me get this straight.. You guys want us to invest in silver?

Take a look at the short run.. If I had invested 10000$ (my savings) in silver when you posted this thread (at 29$), I would today have earned -20 $ (lost 20 dollars.. If I sold at current price of 28.94)

On the other side, if I invested in Bitcoin, I would have earned 3,333$...

How can you say silver beats Bitcoin? Do you have some insider knowledge about Bitcoin that makes you believe that it will somehow fail? I think not..

My 2c: Leave the PMs for what they are good at, looking pretty and electrical appliances. They are way outdated as a means of exchange..

[1715150447]

1715150447

[rpietila]

Take a look at the short run..

Oh no, silver is not for the short run. It will be around longer than bitcoin for sure

[piramida]

silver would be around, that's for sure. silver prices - not so confident.

[rpietila]

Net worth <$10k = 100% BTC
$10 - $100k = 50% BTC, 50% silver
$100 - $500k = 25% BTC, 50% silver, 25% gold
$500k - $5M = maximum 5-10k BTC, rest split up 50/50 in silver & gold
more = have fun

I wonder why you're suggesting less BTC holdings in absulute terms for high-net-worth people than for the lowest-net-worth category?

I meant 5000-10000 BTC

Because I see not much point in holding more regardless how wealthy you are.

[creativex]

Soo, let me get this straight.. You guys want us to invest in silver?

Take a look at the short run.. If I had invested 10000$ (my savings) in silver when you posted this thread (at 29$), I would today have earned -20 $ (lost 20 dollars.. If I sold at current price of 28.94)

On the other side, if I invested in Bitcoin, I would have earned 3,333$...

How can you say silver beats Bitcoin? Do you have some insider knowledge about Bitcoin that makes you believe that it will somehow fail? I think not..

My 2c: Leave the PMs for what they are good at, looking pretty and electrical appliances. They are way outdated as a means of exchange..

You're kidding right? You think because silver hasn't done much for a couple weeks that it's a fail? It's been a store of value for thousands of years and you think this is the fortnight that makes or breaks it? The word silver literally means "money" in several languages. An ozt of silver has traded as low as $4.37 and as high as $48.70 within the last ten years. BTC doesn't even have ten years of data points for comparison, but it crashed and many counted it as dead and buried as recently as 2011.

This is not a week long competition, both silver and BTC are fantastic stores of value that complement each other. There's no reason to put all your eggs in a single basket.

[solex]

Depending upon the size of your savings, this is a reasonable split:

30% in shares: high-tech and agriculture
30% in gold and silver
30% in Bitcoin
10% in your domestic fiat

Basically a mixture for capital preservation, growth and quick access

[rpietila]

Depending upon the size of your savings, this is a reasonable split:

30% in shares: high-tech and agriculture
30% in gold and silver
30% in Bitcoin
10% in your domestic fiat

Basically a mixture for capital preservation, growth and quick access

Bitcoin is a mixture for capital preservation, growth and quick access, lol.

[debianlinux]

Silver doesn't need a telecommunications network to function.

[justusranvier]

Silver doesn't need a telecommunications network to function.

Bitcoins can't be confiscated at the border.

[Jenger]

http://www.youtube.com/watch?v=z3Ht0rU4NSg

How can you knock silver?



Its showed annual gains each year for the last 10yrs. It has been around for thousands of years as a currency. Silver is the best electrical conductor there is meaning in order to produce electronics, you need silver.

So people use silver as jewelry, investment purposes, industrial purposes & more. You guys talking about btc are right in the sense that it gained enormous value seemingly overnight, but it wont have consistent gains like PM's. Silver + Gold is a long term investment. Something you buy today and don't worry about cashing in until 10, 15, 20yrs down the road.

[creativex]

http://www.youtube.com/watch?v=z3Ht0rU4NSg

How can you knock silver?



Its showed annual gains each year for the last 10yrs. It has been around for thousands of years as a currency. Silver is the best electrical conductor there is meaning in order to produce electronics, you need silver.

So people use silver as jewelry, investment purposes, industrial purposes & more. You guys talking about btc are right in the sense that it gained enormous value seemingly overnight, but it wont have consistent gains like PM's. Silver + Gold is a long term investment. Something you buy today and don't worry about cashing in until 10, 15, 20yrs down the road.

+1

Don't forget about one of the fastest growing applications of silver yet, solar panels. Panel manufacturers are huge consumers of silver and it's very unlikely it will ever be recovered once consumed.

Gold + Silver + BTC = solid investments. Diversify.

[xxjs]

Don't forget about one of the fastest growing applications of silver yet, solar panels. Panel manufacturers are huge consumers of silver and it's very unlikely it will ever be recovered once consumed.

Gold + Silver + BTC = solid investments. Diversify.

Silver being used in solar panels is use value, not exchange value. Silver is fast loosing its moneyness.  I think the silver bugs are fooled by history in believing silver is good for smaller transactions. The main reason silver was used as money, was that some kings had access to silver mines, and no gold. Plus, they could sometimes extract value out of their population by declaring only silver as money, hoard the gold, then declare only gold to be money. Anyway the gold to silver ratio was sometimes pegged. For instance, the arabs fixed the value 6:1 for hundreds of years, profiting on the carry trade between europe and the east (while at the same time it was 12:1 in Europe). Things like this could not tick now. Silver is goners as money.

[vssa]

Update:
Silver at 23,bitcoin at 106, what are you waiting for? Increase your real wealth now.
Bitcoin is in correction mode (https://bitcointalk.org/index.php?topic=238095.msg2530362#msg2530362)
Offensive difference is what we need silver for local bitcoin for global ,Next step crowdfunded mine purchase.

Recommended silver vendor:https://www.goldsilverbitcoin.com/index.php?plugin=wafp&controller=links&action=redirect&l=6&a=vssa
  

[manfred]

Don't forget about one of the fastest growing applications of silver yet, solar panels. Panel manufacturers are huge consumers of silver and it's very unlikely it will ever be recovered once consumed.

Gold + Silver + BTC = solid investments. Diversify.

Silver being used in solar panels is use value, not exchange value. Silver is fast loosing its moneyness.  I think the silver bugs are fooled by history in believing silver is good for smaller transactions. The main reason silver was used as money, was that some kings had access to silver mines, and no gold. Plus, they could sometimes extract value out of their population by declaring only silver as money, hoard the gold, then declare only gold to be money. Anyway the gold to silver ratio was sometimes pegged. For instance, the arabs fixed the value 6:1 for hundreds of years, profiting on the carry trade between europe and the east (while at the same time it was 12:1 in Europe). Things like this could not tick now. Silver is goners as money.

Silver as money has been gone for a long time,but  it is the second most used commodity in the world. Only Oil has more uses than Silver in the modern world. Its is daily needed right across the board.
PM have a lifespan of thousand of years, Fiats lifespan is centuries and bitcoins will be decades. You just need to look how fast the digital world moves. How much use would you have with a 486 machine in todays world? Well it was a mighty machine too.
I dare to say that Bitcoin cant even match a steam engine in terms of useful lifespan. A steam-engine was revolutionary and world changing on its day, but quickly outpaced. Today, enthusiast still operate steam engines in a hundred yeas no-one will use a bitcoin, not even enthusiasts.   

[molecular]

Don't forget about one of the fastest growing applications of silver yet, solar panels. Panel manufacturers are huge consumers of silver and it's very unlikely it will ever be recovered once consumed.

Gold + Silver + BTC = solid investments. Diversify.

Silver being used in solar panels is use value, not exchange value. Silver is fast loosing its moneyness.  I think the silver bugs are fooled by history in believing silver is good for smaller transactions. The main reason silver was used as money, was that some kings had access to silver mines, and no gold. Plus, they could sometimes extract value out of their population by declaring only silver as money, hoard the gold, then declare only gold to be money. Anyway the gold to silver ratio was sometimes pegged. For instance, the arabs fixed the value 6:1 for hundreds of years, profiting on the carry trade between europe and the east (while at the same time it was 12:1 in Europe). Things like this could not tick now. Silver is goners as money.

Silver as money has been gone for a long time,but  it is the second most used commodity in the world. Only Oil has more uses than Silver in the modern world. Its is daily needed right across the board.
PM have a lifespan of thousand of years, Fiats lifespan is centuries and bitcoins will be decades. You just need to look how fast the digital world moves. How much use would you have with a 486 machine in todays world? Well it was a mighty machine too.
I dare to say that Bitcoin cant even match a steam engine in terms of useful lifespan. A steam-engine was revolutionary and world changing on its day, but quickly outpaced. Today, enthusiast still operate steam engines in a hundred yeas no-one will use a bitcoin, not even enthusiasts.   

A combustion engine is not much different from a steam engine if you look at the principles (and function).

A 486 was not an invention. Invention was the transistor and integrated circuit.

Cryptocurrency will be around in 100 years, I'm sure. It might even still be bitcoin. There will hopefully be some innovation improving upon the concept along the way, but the general idea is here to stay.

[manfred]

Don't forget about one of the fastest growing applications of silver yet, solar panels. Panel manufacturers are huge consumers of silver and it's very unlikely it will ever be recovered once consumed.

Gold + Silver + BTC = solid investments. Diversify.

Silver being used in solar panels is use value, not exchange value. Silver is fast loosing its moneyness.  I think the silver bugs are fooled by history in believing silver is good for smaller transactions. The main reason silver was used as money, was that some kings had access to silver mines, and no gold. Plus, they could sometimes extract value out of their population by declaring only silver as money, hoard the gold, then declare only gold to be money. Anyway the gold to silver ratio was sometimes pegged. For instance, the arabs fixed the value 6:1 for hundreds of years, profiting on the carry trade between europe and the east (while at the same time it was 12:1 in Europe). Things like this could not tick now. Silver is goners as money.

Silver as money has been gone for a long time,but  it is the second most used commodity in the world. Only Oil has more uses than Silver in the modern world. Its is daily needed right across the board.
PM have a lifespan of thousand of years, Fiats lifespan is centuries and bitcoins will be decades. You just need to look how fast the digital world moves. How much use would you have with a 486 machine in todays world? Well it was a mighty machine too.
I dare to say that Bitcoin cant even match a steam engine in terms of useful lifespan. A steam-engine was revolutionary and world changing on its day, but quickly outpaced. Today, enthusiast still operate steam engines in a hundred yeas no-one will use a bitcoin, not even enthusiasts.   

A combustion engine is not much different from a steam engine if you look at the principles (and function).

A 486 was not an invention. Invention was the transistor and integrated circuit.

Cryptocurrency will be around in 100 years, I'm sure. It might even still be bitcoin. There will hopefully be some innovation improving upon the concept along the way, but the general idea is here to stay.

Crytocurrencys will be around in a 100 years nobody is disputing that, but Bitcoin wont be used that is sure. Looking at the speed the digital world moves any software looks dated after a couple of years. 30 years or more for a software yeh, right. The first spreadsheet program was a marvelous piece of software (what was the name again?).
The general idea is still there in a modern spreadsheet, but thats about it.

[Frozenlock]

You can update software...


That's why I'm still using the world's most powerful text editor, even if it's super old.

Emacs.   

[DeathAndTaxes]

You can update software...

Exactly and Bitcoin is more like a protocol than a mere static implementation of code.

I mean we all know http is doomed and the world quickly moved on to ... er wait no we are still using http today.  Protocols tend to have a longer lifespan.  TCP is almost 30 years old.

[600watt]

You can update software...

Exactly and Bitcoin is more like a protocol than a mere static implementation of code.

I mean we all know http is doomed and the world quickly moved on to ... er wait no we are still using http today.  Protocols tend to have a longer lifespan.  TCP is almost 30 years old.

right, bitcoin is a protocol. as tcp/ip is the basis of the internet today, bitcoin will be the basis of financial transactions in the future. tcp/ip was created in 1974. microsoft and apple tried to come up with their own protocols. both failed.

https://en.wikipedia.org/wiki/Transmission_Control_Protocol

[molecular]

You can update software...

Exactly and Bitcoin is more like a protocol than a mere static implementation of code.

I mean we all know http is doomed and the world quickly moved on to ... er wait no we are still using http today.  Protocols tend to have a longer lifespan.  TCP is almost 30 years old.

right, bitcoin is a protocol. as tcp/ip is the basis of the internet today, bitcoin will be the basis of financial transactions in the future. tcp/ip was created in 1974. microsoft and apple tried to come up with their own protocols. both failed.

also novell and ibm?