Silver crashed twice at $50 why is bitcoin different?

[1Pakis]

Don't know. I'm just asking

[hugolp]

Silver is a metal. Bitcoin is electronic.

Next.

[1Pakis]

And 50 is hard round number to break.
Metal didn't do it.
Are encrypted bits harder than metal?

[blablahblah]

Unlike "silver", the "Bitcoin" brand has not matured yet and still has plenty of room to be stretched.

[foggyb]

Silver's been around the block a time or two, and still hasn't cracked $50 since before 1980. It will crack $50 eventually, simply because of helicopter Ben.

Bitcoin however is going much higher than $50. Give it some adoption time and another block reward halving, and $50 will seem like  a real bargain.

[mr chong]

Bitcoin has uses that Silver does not, I am sure it is safe to say that most people on here especially those early adopters have access to Paypal and credit cards but there are MANY people out there who do not and probably never will which means they have a very hard time buying through the Internet.

   Well bitcoin is a new way for those shut out of the traditional banking system to have a way to shop online, obviously there is a long way to go in terms of more businesses accepting Bitcoins but as they do more people will seek to acquire bitcoins which in turn will increase demand and most likely price.

  Is Bitcoin mostly an investment type of thing now? I think it is safe to say yes but that is starting to change and as it does more demand usually translates into higher values for Bitcoins.

[debianlinux]

Before asking such a question it might behoove the OP to actually research silver's ATH. keyword: hunt brothers

[byronbb]

Silver is manipulated by central banks and their soldiers in the private sector.

[RyNinDaCleM]

Before asking such a question it might behoove the OP to actually research silver's ATH. keyword: hunt brothers

The April 2011 high was higher than the Hunt bros. manipulated Pump 'n Dump of 1980. Neither of which broke $50

[debianlinux]

If you think April 2011 was not a manipulated pump and dump then you might want to research JP Morgan's relationship to paper silver.

The question being begged by OP is, "Why did Silver crash twice after nearing $50?". It should be clear that silver's highs were specifically related to P&D. Bear in mind that I am quite bullish on both Silver and Bitcoin; the upside potential of both is astounding and inevitable. However, I remain pragmatic on the fundamentals and the timelines.