nope.. not going to bite. the holding back of the scaling fix is borderline scheme imo... it makes bitcoin waaaaay to risky... i find it suspicious that just as the pms start to rise that bitcoin starts to rise as well... the reason pms are on the rise is due to the new Shanghai Gold Fix, which has nada to do with bitcoin.............i suspect that bitcoin is being manipulated up now to keep everyone out of the pms where the central banks and the federal reserves are currently locked in battle to keep pm prices down... so far they have been failing, and i suspect the failure will turn out YUGE in the end..... with these kinds of dynamics and fundamentals, i believe bitcoin is waaay overpriced and could turn into a long term scheme... holding back the scaling fix really seems like a huge scheme to me....
i told everyone to buy pms when silver was at $14.50... silver is now at $17.00 .
hot dropit lockit ..i passed on buying bitcoins. i bought metals instead while they are down.
you should diversify into metals. i'm not buying bitcoins at these inflated higher prices. it is too risky for me. even with the us govy behind it cuz the dollar is still on its deathbed. they are fronting like they are in control. its like the catastrophes, you have to cover your own ass. relying on bitcoin is probably not a great strategy imo. especially with the unresolved issues that bitcoin is facing. might be able to make some fiat though if buy bitcoins at this risky higher prices. i'm not sure the risk is worth it to gain more fiat through bitcoins when can get more fiat through other means and buy metals at suppressed cheap prices and HODL them. the reason to buy the metals is because the us govy doesnt want us to buy metals. keep your eyes on the money on the exchange!
spot silver prices in dec 2015:
http://www.apmex.com/spotprices/silver-pricesif silver goes to triple or quadrupal digits, it will make bitcoin pitiful as it dies from its manipulation and scaling failures. i have learned over the last few years to never trust the USA federal govy. if the USA federal govy is pumping bitcoin while manipulating pms down, then u want to be in pms. if the USA federal govy says don't take iodine as clouds of radioactive poisons float overhead, u better take the iodine.
Hey, I like silver too, I like to stack when prices are low just as much as the next guy, but you are talking crazy talk right about now... "quadrupal" digits? Really? For silver? Not in this decade...
Silver at the time was a great deal, but it's not like bitcoin was a complete dog either...
Price of silver on Dec 9 2015 = 14.1364
Price of silver on Apr 22 2016 = 16.96
Appreciation = 2.8236 or 19.97 %
Source =
http://www.usagold.com/reference/prices/silverhistory.phpPrice of bitcoin Dec 9 2015 = 411.90
Price of bitcoin Apr 22 2016 = 435.51
Appreciation = 23.61 or 5.73 %
Source =
http://www.investing.com/currencies/btc-usd-historical-data5.5% in 5.5 months is pretty good returns,
Tell you what, how about we wager which asset does better from now 'till next December? Price from Apr 22 to Dec 9 - using the same sources as above. Avatar bet: if I win, I choose your avatar pic for 6 months, if you win, you pick mine.