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chodpaba (OP)
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June 12, 2011, 09:08:56 PM
Last edit: March 22, 2012, 01:01:50 AM by chodpaba
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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bitcoinconnection
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June 12, 2011, 09:42:41 PM
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This a funny comparison, about as correct as to comparing the price of oil at the start of the recession. Try using a better correlations.










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Ian Maxwell
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June 12, 2011, 09:56:57 PM
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I just closed a deal a few days ago, to buy 10 XAG for 10 BTC. This was when they were pretty close to parity. I'm sort of curious to see if the guy will come through.

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cypherdoc
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June 12, 2011, 10:41:43 PM
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I wouldn't be too worried, the price of bitcoins will bounce back to silver parity pretty quick. In a couple months a 1/1 trade of bitcoins to silver will look silly because bitcoins will be so much higher.

You know, that is kind of what I thought too. It would seem to make sense that if you had a large position in silver you would want to go ahead and move part of it over to Bitcoin.

i've already done just that with my silver bullion.  i'm actually thinking of selling my gold bullion as well.  risky i know.
TraderTimm
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June 12, 2011, 10:47:25 PM
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It is interesting the conversation about precious metals and hedging your bets further with bitcoin. I see advantages of having both, mostly for bitcoin's resistance to seizure (unless they got the only copy of your wallet file, in that case - shame on your shoddy backup plan), and gold/silver's store-of-value historically. Bitcoin will have truly 'arrived' when you have people openly recommending such strategies on the news. (But I'm not holding my breath.)

I'm wondering when we hit parity to both, I'd hazard a guess by the end of the year if not sooner.

fortitudinem multis - catenum regit omnia
cypherdoc
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July 02, 2011, 05:05:35 AM
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well, i took the plunge and liquidated most of my gold bullion as well as all my silver bullion.  nice to take profits but sure as hell hope i made the right move at what i think is the top in gold.  kick me in a year if i'm wrong.
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