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Author Topic: I figure that swapping bitcoin for silver is a good buy  (Read 1871 times)
goldlyre (OP)
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October 23, 2013, 09:36:16 AM
 #1

I figure that swapping bitcoin for silver is a good buy. One coin's price can buy me 9.2 oz silver, and I think it's a good buy.  Cool
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emanymton
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October 23, 2013, 09:41:00 AM
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I figure that swapping bitcoin for silver is a good buy. One coin's price can buy me 9.2 oz silver, and I think it's a good buy.  Cool
You'll be kicking yourself when one coin can by you 92 ozes of silver  Wink
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October 23, 2013, 09:46:45 AM
 #3

I figure that swapping bitcoin for silver is a good buy. One coin's price can buy me 9.2 oz silver, and I think it's a good buy.  Cool
You'll be kicking yourself when one coin can by you 92 ozes of silver  Wink

+1

Bitcoin will show the world what hard money really is.
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October 23, 2013, 09:49:29 AM
 #4

Securing profits into a hedge is wise. But if you wait about 10 days to sell coins you might only get about 6 oz of silver per coin.
Better don't buy silver now, sell coins for fiat, buy at the bottom and then sell for silver when it comes back to 200$ (or more) again.

Sometimes, if it looks too bullish, it's actually bearish
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October 23, 2013, 09:55:00 AM
 #5

Securing profits into a hedge is wise. But if you wait about 10 days to sell coins you might only get about 6 oz of silver per coin.
Better don't buy silver now, sell coins for fiat, buy at the bottom and then sell for silver when it comes back to 200$ (or more) again.

If only we could pick exactly when the top and bottom will be, for all we know this could be teh final climb to da moon.
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October 23, 2013, 10:13:36 AM
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I think it's time to buy the christmas presents early this year....
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October 23, 2013, 10:25:20 AM
 #7

Silver is a great investment but not sure it will outperform bitcoins. I think 1 bitcoin might get you an ounce of gold within the next year
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October 23, 2013, 10:33:34 AM
 #8

Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink

Sometimes, if it looks too bullish, it's actually bearish
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October 23, 2013, 10:36:53 AM
 #9

Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink

Really?  I would like to see your response when you open your door to this dude demanding your silver:



 Grin
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October 23, 2013, 10:49:53 AM
 #10

Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink

Really?  I would like to see your response when you open your door to this dude demanding your silver:



 Grin

LOL. But that's a hoplite or maybe a centurion, and that kind of armor is several centuries younger than the Trojans.

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

Sometimes, if it looks too bullish, it's actually bearish
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October 23, 2013, 11:01:14 AM
 #11

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

Tell that to some Cypriots...

Trojan can't steal my cold-stored Bitcoins, by the way.

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
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October 23, 2013, 11:14:20 AM
 #12

What about bitcoins on silver coin? Tongue

Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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October 23, 2013, 01:30:40 PM
 #13

What about bitcoins on silver coin? Tongue

As bitcoin fiat value goes up higher denomination coins like this will be harder to sell as there will be less and less people who have that much bitcoin to store.

Mike did a great job on this coin, but if i'm not mistaken he is sold out on it currently and it was in a time the that price of bitcoin was much lower than it is now.

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afbitcoins
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October 23, 2013, 10:59:40 PM
 #14

Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink

I'm pretty well hedged in both  Tongue
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October 23, 2013, 11:04:07 PM
 #15

Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.  Wink
Trojan can't steal my bitcoins. Silver bars can always be confiscated Wink

That's why Goat has burried his silver in some field (or so he claims).
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October 23, 2013, 11:25:43 PM
 #16

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.

https://www.bitcoin.org/bitcoin.pdf
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October 23, 2013, 11:29:43 PM
 #17

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

HeliKopterBen
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October 23, 2013, 11:30:10 PM
 #18

Swapping bitcoin for silver is prudent if your looking for stability but I think swapping bitcoin for litecoin may result in nice speculative gains short term (over the next few months).  I traded a small amount of bitcoin for litecoin and peercoin today.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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October 23, 2013, 11:39:36 PM
 #19

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.


Things changes, It can not happen again. Anyway, only fool wouldnt dig his gold to prevent the confiscation.
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October 23, 2013, 11:58:19 PM
 #20

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
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October 24, 2013, 12:30:44 AM
 #21

its good to diversify your wealth.  dont have all your eggs in one basket. its a good idea to have gold, silver and bitcoins, not just one.
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October 24, 2013, 01:04:14 AM
 #22

I think swapping bitcoin for litecoin may result in nice speculative gains short term (over the next few months).  I traded a small amount of bitcoin for litecoin and peercoin today.

Enjoy your altcoins, thanks for your bitcoins Smiley
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October 24, 2013, 03:32:25 AM
 #23

its good to diversify your wealth.  dont have all your eggs in one basket. its a good idea to have gold, silver and bitcoins, not just one.

Or put all your eggs in one basket and then WATCH THAT FUCKING BASKET! Tongue
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October 24, 2013, 03:55:19 AM
 #24

Silver is not very know here,thailand.
Prob wen u told the missis  i want to buy Silver, she was like "U lost it   Huh

Gr from H Hin.

H

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October 24, 2013, 04:10:28 AM
 #25

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

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October 24, 2013, 04:19:08 AM
 #26

I have good contact for silver, good price .
In bkk that is.

H

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October 24, 2013, 04:36:09 AM
 #27

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
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October 24, 2013, 04:48:51 AM
 #28

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?

they will never have my bitcoin tho.
my bitcoins are safe.
 Cheesy

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October 24, 2013, 04:49:09 AM
 #29

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
What is this grammar police?  Of course it can be ordered.  I simply responded to the poster who stated silver was confiscated in 1933.  Learn to read.  The larger the use network the harder to confiscate so I'm pretty sure confiscating rocks or copper would be impractical.  BTW the whole 1933 gold confiscation was mainly aimed at certificates, bank deposits.  That's the reason people like silver since it has many industrial uses and would be extremely impractical to confiscate.

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October 24, 2013, 02:40:56 PM
 #30

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

Ok, I guess even that direct statement was to subtle for you, so let me be blunt: If gold can be confiscated, so can silver, so can copper, so can rocks, so can your home, so can you land, so can your baseball cards, so can your stocks, so can your wife.

More clear?
What is this grammar police?  Of course it can be ordered.  I simply responded to the poster who stated silver was confiscated in 1933.  Learn to read.  The larger the use network the harder to confiscate so I'm pretty sure confiscating rocks or copper would be impractical.  BTW the whole 1933 gold confiscation was mainly aimed at certificates, bank deposits.  That's the reason people like silver since it has many industrial uses and would be extremely impractical to confiscate.

Dude stop the BS. You were clearly implying silver cannot be confiscated. Learn to read your own posts. The inner most 3 ones make this whole thing clear enough.
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October 24, 2013, 02:47:44 PM
 #31

And in my country silver bars can't be confiscated at a whim, I live in the EU, which is still not a police state.

That's what people in the US thought... until it was confiscated along with gold in 1933.
I don't think silver was confiscated in 1933 only gold and various gold certificates.

What? You think gold can be confiscated, but no way no how, that silver can be confiscated? Where is the logic?  Cheesy
No.  I stated silver wasn't confiscated in 1933.  Where are you getting your info that silver was confiscated in 1933?  US Coinage was still made from silver until 1976.

My bad, it was 1917.  I don't think there was seizure of physical silver, but the penalty for storing value with it was up to 10 years imprisonment and a fine up to $10,000.  And that was when the dollar was worth something.

http://en.wikisource.org/wiki/Proclamation_2039

Quote
That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange and the export, hoarding, melting, or earmarkings of gold or silver coin or bullion or currency

https://www.bitcoin.org/bitcoin.pdf
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October 24, 2013, 03:26:34 PM
 #32

And what is that definition?

https://www.bitcoin.org/bitcoin.pdf
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October 24, 2013, 03:31:07 PM
 #33

Yes '33 was when the USD was killed. (The gold backing was significantly reduced).
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