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Author Topic: Silver is loosing ground due to rise of cryptocurrencies  (Read 1911 times)
fiulpro
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July 23, 2018, 06:14:02 AM
 #1

In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.
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July 23, 2018, 06:43:18 AM
 #2

I would prefer if you attached an article link. In my opinion,we cannot compare silver and Bitcoin that way. Silver is something material that is used in many things as you stated. Bitcoin is a virtual money if we can describe it that way. I don't see competition between the two, maybe Gold vs Bitcoin could be more interesting to compare but definitely not a relatively less valuable material vs Bitcoin.

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July 23, 2018, 07:19:21 AM
 #3

Gold and silver will not lose value and if any drop in demand is temporarily & it will return to normal in the long-term.
Perhaps the rush to buy cryptos in the past two years has led to a weak turnout in silver as the gains made from cryptocurrencies are much more precious than precious metals.

Now the recent survey shows that silver is losing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
I did not understand this point, gold and silver are considered a safe haven that means they are characterized by a stable price and low volatility

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July 23, 2018, 11:35:33 AM
 #4

How you can compare bitcoin and Silver. silver is a physical assets and bitcoin is virtual both have owns different values if we compare gold and silver then this possible. we can say in future peoples will buy gold and silver from bitcoin as like present they are purchasing from fiat currencies.If u Give us source link for this news then This will be good.
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July 23, 2018, 11:37:37 AM
 #5

After the rise of gold, bad days for silver have already begun. Now the precious mine can revive.

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July 23, 2018, 11:42:01 AM
 #6

Better if you have numbers though.

And i don't silver should be compared to bitcoin as it is a physical asset not like bitcoin which is a digital one.
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July 23, 2018, 11:44:19 AM
 #7

I think it's a good thing if silver prices have gone down, and that's probably because people now prefer to invest in crypto currencies especially bitcoin.
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July 23, 2018, 11:48:21 AM
 #8

I don't know where they did that survey but how did they know silver is loosing price because of cryptorise. How did they draw that conclusion. Please can you get us an article to read further because cryptos and silvers are two different things to create a comparison.

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July 23, 2018, 11:55:43 AM
 #9

just put an article link on this posts, so that your posts going to be real, silvers and golds are valuable things in earth. so how it can be this silver is loosing ground due to rise of crypto currencies. maybe it will decrease on its price for a while, but it can back to normal soon, furthermore without this, our fiat money can be considered as a play money.

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July 23, 2018, 12:05:40 PM
 #10

{waits for roach to see this thread}




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July 23, 2018, 02:26:46 PM
 #11

Gold and silver will not lose value and if any drop in demand is temporarily & it will return to normal in the long-term.
Perhaps the rush to buy cryptos in the past two years has led to a weak turnout in silver as the gains made from cryptocurrencies are much more precious than precious metals.

Now the recent survey shows that silver is losing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
I did not understand this point, gold and silver are considered a safe haven that means they are characterized by a stable price and low volatility

Well you know it's like many investors buy gold and silver as investments this is more evident in the developing countries and now since Bitcoins and other cryptocurrencies are getting introduced people are now buying cryptocurrencies and gold and silver due to less number of investors now is loosing ground .
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July 26, 2018, 07:29:52 AM
 #12

Gold and silver will not lose value and if any drop in demand is temporarily & it will return to normal in the long-term.
Perhaps the rush to buy cryptos in the past two years has led to a weak turnout in silver as the gains made from cryptocurrencies are much more precious than precious metals.

Now the recent survey shows that silver is losing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
I did not understand this point, gold and silver are considered a safe haven that means they are characterized by a stable price and low volatility

Well you know it's like many investors buy gold and silver as investments this is more evident in the developing countries and now since Bitcoins and other cryptocurrencies are getting introduced people are now buying cryptocurrencies and gold and silver due to less number of investors now is loosing ground .
Yes. Investors are buying gold and silver when the investment is clearer in developing countries and now since Bitcoin and other electronic money are being introduced aggressively.
The number of people buying gold will decrease instead of people buying electronic money fast and high interest rates.
Jewelry is just the real jewelry for today. Less fluctuations.

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July 26, 2018, 10:04:35 AM
 #13

Silver’s market always fluctuated. Now silver’s market is down because of some reason. But I think it will be increase again may be it will take some time to increase.
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July 26, 2018, 11:34:55 AM
 #14

In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.

It is good news indeed. It will manifest even more down the road. Silver is losing its place in the investment sphere. Crypto investments are being sought after, and are truly scarce, unlike silver and gold that can be found around the universe, you cant find bitcoin on Jupiter haha

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July 26, 2018, 12:52:59 PM
 #15

Gold silver is a stable asset, whereas crypto currency is dependent on liquidity standards. Here, people can profit by holding gold or silver but I think cryopto will have more profit than that.
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July 26, 2018, 12:58:37 PM
 #16

Strangely enough, there is a parallel between the criterion and the precious metals.  I believe that they are very different, in general, to compare them among themselves.
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July 26, 2018, 01:10:18 PM
 #17

Strangely enough, there is a parallel between the criterion and the precious metals.  I believe that they are very different, in general, to compare them among themselves.

 Do you have a comparable data that would support such claimed, Market is Volatile, anything can happen at any given time, Be it on precious Metal price value? it is all depend on the Volume of investment on the Stock or Crypto market. Maybe people or some investors shifted to crypto currency investment?

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July 26, 2018, 01:11:33 PM
 #18

Silver’s market always fluctuated. Now silver’s market is down because of some reason. But I think it will be increase again may be it will take some time to increase.

Actually, very good time to buy Silver. 100 ounces silver for $1600
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July 26, 2018, 02:23:08 PM
 #19

Gold silver is a stable asset, whereas crypto currency is dependent on liquidity standards. Here, people can profit by holding gold or silver but I think cryopto will have more profit than that.
how can you say silver is stable? Where is the proof? profit or not investment, then what is seen is the investment objectives, whether the investment is for the long term or for the short term.
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July 26, 2018, 03:39:46 PM
 #20

I don't think that Silver is losing to crypto right now. If this is the peak of bitcoin, then we can say yes, but crypto is also struggling as well so there's no correlation. Perhaps Silver price is down, but it not due to crypto and maybe silver investors are shifting their funds around to maybe Gold or other precious metals. Maybe this is just short term, as every class assets and market then we are aware of are currently down (stocks, crypto or even precious metals).

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