Silver is loosing ground due to rise of cryptocurrencies

[fiulpro]

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.

[1713873348]

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[snipie]

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.

[hugeblack]

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

[tsmc103]

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.

[muslol67]

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

[railyako]

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.

[Zeddyn]

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.

[acheampong64]

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.

[aizen10]

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.

[LFC_Bitcoin]

{waits for roach to see this thread}

[fiulpro]

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 .

[GangNamSK]

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.

[zArow]

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.

[bobo012]

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

[kma.deno]

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.

[Andrew S]

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.

[Lorna111]

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?

[First77]

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

[tepakpak]

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.

[Kemarit]

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).

[privedvelosiped]

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.

Investing in precious metals, it has long been a very reliable investment. I too would like to invest my surplus money in gold or silver. But I think that very soon the price of diamonds will grow much more. Cryptocurrency, it goes in parallel to all the jewelry, but do not miss this opportunity to buy today at a bargain price. How can you know exactly what will happen to cryptocurrencies in 5 years?

[The_Dark_Knight]

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.

Silver is a very useful metal, so if you can, get your hands on some while the price is still very cheap, basically you need to do the same you do with cryptocurrencies, you need to take a position early so when the bull market finally comes you do not buy at high prices, now about whether this is a good thing or not, I think this is a good thing since a lesser interest in silver means cheaper prices and that is always good for the smart investor.

[btc78]

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.

People nowadays are just being practical in their living,because why need to value silver when the value of this are dropping when we sell this not like the price when we bought this.while in cryptocurrency the value is continuously growing that even dip comes but in future this dropping recovers and grows higher than the previous

[peter1]

The price of silver is always unstable. The real stable price is gold, so gold can be used as a store of value. BTC has no such potential at present.

[player514]

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 makes sense why these metals are losing ground in favor of a more digital option of currency. Bitcoin and other cryptocurrencies are quickly gaining ground and it makes sense why gold and silver and other precious metals are becoming obsolete. More people want to invest into cryptocurrency rather than precious metals because cryptocurrency is the future and precious metals are becoming more and more obsolete. Metals, especially gold, have been used by humankind as a medium of exchange for millennia—literally since their discovery. If you, theoretically, had invested $100 in Bitcoin this time last year, right now, in the fall of 2017, you would have nearly $900 dollars. There absolutely was money to be made, and there could possibly be similar opportunities again.

[kolsernik]

Silver is a precious metal.Cryptocurrency is a means of accumulation and payment for goods or services.These 2 things lie in different planes.They cannot be compared.The price of silver is approximately the same while the price of cryptocurrency can change 2 times a day.As for me, this news is neither good nor bad

[efxtrader]

I am still believe gold and silver is still good investment in the future. Gold and silver price drop right now because The Fed want to increase interest rate and its affecting on many commodities price.
But in next few years, i think cryptocurrency will more rising because peoples know they are living on digital era and cryptocurrency is one solution to make their bussiness more eficient.

[jseverson]

Here's an article on the subject that I've found. It may even be OP's reference:

https://www.moneycontrol.com/news/business/markets/silver-losing-ground-due-to-weak-currency-rise-in-crypto-currencies-mania-2745521.html

It seemed like the article only mentioned cryptocurrencies because it's a hot topic. It was only mentioned once in the article:

A strong global equity market and new investment elements such as cryptocurrencies have curbed the demand for metals like silver.

...so basically, it's competing with new investment elements such as, but not necessarily cryptocurrencies. I personally don't believe there's a very strong correlation between the two. It sounds like a knee-jerk reaction over very recent trends to me.

[blackwell77]

Golds and silvers are always precious. Maybe we will have the opportunity to buy them with cryptocurrencies but they are comparable with these digital currencies.

[hermanjones18]

Other assets will slowly loose their values, as crytpo is being highly adapted and gradually accepted all around the world. People are investing in cryptos and the digital market everyday, and the list is just increasing. Although, comparison between silver and bitcoin is not defensible as silver has physical existence, counted as tangible and bitcoin doesn't, its intangible.

[mybtcasset]

once bitcoin released and growth every one compared bitcoin to gold but the gold market was unaffected now silver most volatile commodity is now getting affected to cryptocurrencies growth it means cryptocurrencies are next commodity

[Gabali126]

It's not just silver. I think even gold and other precious stones must have had their investment diverted to Bitcoin and cryptocurrencies. Investors need a place where they can get the maximum ROI within the shortest possible time with minimal stress.

[Flor1982]

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.

Do you have links about this silver stabilize issue? Because here in our country Gold and Silver are still the most known assets or investments because Crypto is not just popular. Silver is very useful in the community so i think the demand will never fade so that is why i don't believe that the price will be stabilize because of crypto as what you have said although this will favor the crypto investment if ever silver will be low in demand.

[karmamiu]

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).

            It is common that markets will gonup and down depending to what happen or the current events that can trigger the prices in the market, but i don't think that solid investments such as silver and gold are loosing because of crypto as of now but we could see that both of them are suffering at low price as of now.

[kulsuma]

These sort of issues are inevitable. All good things come to an end. Even the once ruling the market good such as gold an silver is facing the end. This is how life is and how the market operates. A new and better version will replace the old one. 

[elemosho.crypto]

The price of Silver merely can be dependent with BTC or cryptocurrencies thus it can be related with Gold. The price of gold and silver are most stable and they are a tangible and physical resource. BTC and altcoins are intangible currencies which now can be traded over and can be sold in online markets. Recently, Gold and BTC trading started, so here you may relate these two in price changing or any other things. What you told may be true in your eyes but most of the crypto enthusiasts won't be able to relate them logically.

[ShutterTeeth]

From my point of view this is not the reason. Although crypto is going be good but but both of this are completely different. I can say people buy gold and silver through crypto in future. But for sure crypto control the whole world in future.

[gaxfrwpy]

Yes, I also think that precious metals are overestimated. We all know that the supply and demand relationship determines the price, but the demand for precious metals is not too big, and as an investment commodity, the yield of gold and silver is very poor.

[coralwoods18]

I think we can not compare bitcoin and silver in this way. But if this news is true then we can realise t.he bitcoin potentials. Although silver and gold are more secure than others beside this bitcoin is more profitable then any other investment I think

[dmcx]

I think we can not compare bitcoin and silver in this way. But if this news is true then we can realise t.he bitcoin potentials. Although silver and gold are more secure than others beside this bitcoin is more profitable then any other investment I think

I think in the future, Bitcoin will be used to buy silver and gold. Thus, the current price of silver is likely to be affected by the price of cryptocurrency. Not only silver and gold, but other currencies will also be affected by the price of Bitcoin

[pallang]

Silver is popular in developing countries but in my opinion we can't compare silver with bitcoin because they are different silver is a material things while Bitcoin is a virtual money and the price of silver is low while Bitcoin is volatile.

[RadiontLoss]

From my point of view crypto is going to increase its market all over the world. I think it will not affect the gold and silver market. This market are different but in future people can buy it through crypto. So I think till now crypto will not effect this market.

[Tarz]

and these precious stones are now getting cost stabilized.

Lets call it by name - migration of capitals on a large scale. Literally, fiat mass flowing out of physically perceived matter such as metals, marbles, diamonds etc, that have been deemed stored of value due to their relative industrial scarcity, to digital surrogates. And now that physical staff is being [artificiality] "cost stabilized" to reduce the supply shock. Well this is evolution. Something new is always determined to devalue something old.

[Ng93]

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.

I don't think the price of silver is affected by cryptocurrency. Connoisseurs of precious metals, as there were reasons to buy silver, so they buy. Personally, I know many people aged, they do not believe in cryptocurrency, they only believe in gold and silver. They tell me it's the most valuable asset for centuries.

[darewaller]

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.

Where did you read that from what and who said so? Some of you are fond of making up fake news. That’s very stupid, I don’t know why anyone would be doing such.

Silver is not falling cause of anything and so is Gold… They are both stable and are very important (even more important than crypto). There are lots of things you can do with gold and silver and they have been very helpful right from the beginning, and in lots of ways.

[draacubile328]

The silver market is smaller than gold, but the demand for silver in industrial production is higher than gold, I think the value of silver is better than bitcoin.

[wantjokull]

I believe whenever an asset goes down in the value and which is very precious in its nature then surely it is good news for all the investors.

However there is one unclear thing here which I need to know, how do you know that silver prices are dropping all because of the crypto currencies? What kind of relationship they have got and why is it related with the silver only and why not the gold, diamond etc??? Do you have any source that link to this article and proves this kind of theory?

There better be strong proof of this because I am still doubtful whether this is because of the crypto's or the usual ups and downs from the real world market.

[tosmartak]

The silver market is smaller than gold, but the demand for silver in industrial production is higher than gold, I think the value of silver is better than bitcoin.

Unfortunately, the OP did not deem it fit to share where he got all that from. However, from my perspective, I feel these two does not have anything in correlation when it comes to value and as long as there would still be some who would prefer to invest in traditional assets, they will still have their own normal market conditions anyway. Silver and gold has been on for a while, they may be over valued, but those are the values placed by the holders which is the same thing we are having in the crypto space. So, because cryptocurrency is on the rise fundamentally does not mean silver will be losing ground.

[drm]

The silver market is smaller than gold, but the demand for silver in industrial production is higher than gold, I think the value of silver is better than bitcoin.

Unfortunately, the OP did not deem it fit to share where he got all that from. However, from my perspective, I feel these two does not have anything in correlation when it comes to value and as long as there would still be some who would prefer to invest in traditional assets, they will still have their own normal market conditions anyway. Silver and gold has been on for a while, they may be over valued, but those are the values placed by the holders which is the same thing we are having in the crypto space. So, because cryptocurrency is on the rise fundamentally does not mean silver will be losing ground.

I wonder why people leave out their sources, could it be all made up? 

[Siren]

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.

No it wasn't just becauseof cryptocurrency,maybe the people nowadays becoming more practical than the past,now they know that investing or buying precious stones or jewelry wont give them good profit compared to what cryptocurrency can offer and sooner can give thats why they are investing in this community than silver or evem gold

[cryptokia]

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.

And there will be also that people who would invest in cryptocurrency anyway, and the same would be about those people who are investing in precious metals as gold and silver. They will be also present.

[Vashti]

I don't see connection of silver looking it's price due to cryptocurrency,  wolves handling association may also create a token for their silver's to be bought   using their ICO token if they want to.

[tosmartak]

The silver market is smaller than gold, but the demand for silver in industrial production is higher than gold, I think the value of silver is better than bitcoin.

Unfortunately, the OP did not deem it fit to share where he got all that from. However, from my perspective, I feel these two does not have anything in correlation when it comes to value and as long as there would still be some who would prefer to invest in traditional assets, they will still have their own normal market conditions anyway. Silver and gold has been on for a while, they may be over valued, but those are the values placed by the holders which is the same thing we are having in the crypto space. So, because cryptocurrency is on the rise fundamentally does not mean silver will be losing ground.

I wonder why people leave out their sources, could it be all made up? 

I would not be surprised if it is all made up. We all know how so many people obviously have assumed things in their head in this space and just not to get the tongue lash of the community, hence, the claim of it being from an anonymous article you cannot lay single hands on even on google search.

[magneto]

I think that one of the niches that bitcoin will address is exactly what gold and silver are currently serving - people who want to preserve their wealth in the long run. Obviously, bitcoin cannot replace the cosmetic utility that gold/silver has.

That's why I think you're probably correct in saying that silver is probably seeing or going to see a reduced role as a "safe haven" asset, especially after bitcoin gains more adoption. It's just so much more convenient to use bitcoin, and it offers decentralisation and a limited supply asset just like silver and gold.

That's not to say that silver and gold can't go up in the short to medium term, as I think that they have gone without a bull market for a while and the next one could really emerge at any time. But if you were going to invest in silver or gold, you might as well start accumulating bitcoin in this bear market which has the same functions, except better, more divisible, more portable, and just a lot more practical as currency.

[mimienamphine]

Not only silver but gold .Bitcoin has high potential to replace all these minerals that have existed from ages.Their time is getting outlived now by a new era with the information age.This is taking down all minerals in the past to be called the digital gold which is so much coverted after by many.Bitcoin is even more expensive now than gold or silver.

[TheClownSong]

I am still believe gold and silver is good investment for our future. Maybe I have a traditional thinking but I am believe Gold and silver still not replace by Cryptocurrency as investment.

[entrepmind23]

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.

That's right, I can see so many things that are gold and silver and they are really precious for the people. People would take care of these precious metals that they have a special place in the house always.

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 ?

Would you mind providing the link of this recent survey? Nevertheless, silver is still one of the precious metals that investors go to aside from gold but maybe during these times when cryptocurrency is gaining traction then their market share is slowly diminishing.

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.

On the crypto communities' side, this would be good news cause this would mean that the demand is going strong. Seeing the number of ICOs launch every day, the market share of each coin is getting smaller but then we should stick to the ones who has shown strong foundation and has been existing for sometime.

[thomaseco]

I do not seem any such correlation between silver and bit coin. Bit coin is a digital currency whereas silver in a kind of material and so I do not seem any competition between these two. Moreover I have also doubt about the accuracy of this news.

[Clemcout]

The price of silver is always unstable. The real stable price is gold, so gold can be used as a store of value. BTC has no such potential at present.

Well from my point of view, I think these both have got same level of stability. They’re different but from bitcoin. When contrast is made, bitcoin is quite more volatile and unstable than gold and silver. But these later two are quite same. They don’t move quite impressively. Their movement is much slower than a rabbit. So whatever suits you, true to go towards it?

[sniper23]

Wait a minute...

People buy Silver as an investment? Seriosly?

[The_Dark_Knight]

Silver is a precious metal.Cryptocurrency is a means of accumulation and payment for goods or services.These 2 things lie in different planes.They cannot be compared.The price of silver is approximately the same while the price of cryptocurrency can change 2 times a day.As for me, this news is neither good nor bad

Silver is money, in fact it has been the most widely circulated form of money since gold was so valuable that many prefer it to hold it than to spend it, does that ring a bell? That is why even if I think bitcoin is the perfect currency, bitcoin will be stored like gold and we will need another crypto to circulate and the most likely candidate for that will be litecoin.

[wuvdoll]

Silver is a precious metal.Cryptocurrency is a means of accumulation and payment for goods or services.These 2 things lie in different planes.They cannot be compared.The price of silver is approximately the same while the price of cryptocurrency can change 2 times a day.As for me, this news is neither good nor bad

Silver is money, in fact it has been the most widely circulated form of money since gold was so valuable that many prefer it to hold it than to spend it, does that ring a bell? That is why even if I think bitcoin is the perfect currency, bitcoin will be stored like gold and we will need another crypto to circulate and the most likely candidate for that will be litecoin.

Yes, there is actually no point losing hope. It is the market, we are presently experiencing the correction, it is not the end of the world or the end of bitcoin and the general cryptocurrency market and in cases like this, it is normal to see that things will surely pick up later on when the bear trend is over. In bitcoin environment, the FOMO last year was a huge one and simply nothing apart from speculation and manipulation drove it, and those who were wise enough knew where that was heading. Similarly silver market also will find different trend in coming days for sure. We all must make use of current dumps as silver has many real time applications hence at anytime it may bounce back.

[atliens99]

I still think its a wise decision to keep part of your money in silver/gold. I I'm a strong supporter of cryptocurrency but if a serious natural disaster hits or an EMP the only type of currency that will have value are precious metals.  I know its unlikely but its better to be prepared just in case.

[SunJAB]

I am still believe gold and silver is good investment for our future. Maybe I have a traditional thinking but I am believe Gold and silver still not replace by Cryptocurrency as investment.

The value of gold and silver has not changed much in recent years. In fact, e-money can bring investors a lot of revenue in the shortest possible time. Especially because investors use them and know how to manage them. Then new revenue has occurred.

[lubah]

Maximum, as can be compared bitcoin and silver, only by one criterion, that they are both assets. Bitcoin is considered by many to be a currency, but I fundamentally disagree with you. And the fact that the value is growing is a natural demand for the asset.

[agimat]

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

Actually as what i have known gold is always valuable than silver, gold will increase its value everytime the same with the land or lot properties, bitcoin compare to silver, i rather choose bitcoin coz anytime will 3x your investment  anytime chances is near.

[Gash]

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).

Yes u are right its because retromingent naysayers who are middle school dropouts with internet usernames like gecko, wolf of crypto etc ... who just recently joined crypto, they prod adults and mom and dad who they mooch off, to dump precious metals and crude for crypto for the sake of smart hedging. Conversely, titanic dumps in crude and gold is the beginning of forthcoming african fuel crisis.

[The Sceptical Chymist]

Yes u are right its because retromingent naysayers who are middle school dropouts with internet usernames like gecko, wolf of crypto etc ... who just recently joined crypto, they prod adults and mom and dad who they mooch off, to dump precious metals and crude for crypto for the sake of smart hedging. Conversely, titanic dumps in crude and gold is the beginning of forthcoming african fuel crisis.

This post is so bad, it's almost funny.  Also, for those who didn't know:  "retromingent" means an animal that urinates backwards, which I just discovered after looking it up.  LOL.

Fuck it.  I'm going to give this guy a merit for making me chuckle.

For the record, I don't think there's any sort of correlation between metals and bitcoin.  As I've written in other threads like this, metals are pretty dead right now, whereas bitcoin is very high (compared to a couple years ago and earlier) AND very volatile.  Some might think this indicates that it could be a good time to buy metals, but I disagree.  I think gold & silver are going to stay dead for quite some time to come.  Something really bad is going to have to happen politically or economically before they start to pop. 

[Fitrilalala]

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.

yes im agree, there is no corelation between gold silver and cryptocurrency. I do think if really crypto makes silver price going down its just because investors are moving their money. Maybe they think crypto are more attractive than gold.

[Dimon8]

Precious metals (gold, silver) can not be compared with crypto-currencies, although for the price is speculative, the price always rises.

[Barcode_]

I don't think silver is losing its ground because of the rise of crypto-currencies, I believe there would always be investors who preferably choose to invest in the type of investment market that he is comfortable with, and I would say the trading market in silver is definitely not affected by crypto-currencies at all.

[cellard]

Please see this:




Silver is another victim of government phantom derivatives trickery. Please convince me that the powers that be aren't manipulating silver with their Futures Contracts and whatnot in order to scare holders and so on.

Do the same exercise of picking up a graph and looking at the peak price vs when the futures were added, you will see it's the same with gold, oil, uranium, and now bitcoin too.

The good news is bitcoin is different, they cannot sustain this forever, only a matter of time Bitcoin breaks the chains from the derivative government scams and we go to $100k+. It could take a couple of years, and this will be the test in which the people that understand the fundamentals get rich and the people that have no fucking clue get out and watch the ones that stay get rich.

[googs84]

I dont see any relation between any metal on the earth and the crypto currencies which came into existence just now. I do believe that there is little drift of investment from the real world assets to the crypto assets but it doest mean that its taking the whole bunch of investors back into the virtual reality. No, it doesnt work like that mate and neither there is so much crowd in the crypto because of which the silver investment has also got disrupted if ever the same investors are said to be taking their investment off from the silver. 

[ShineftChaos]

I dont see any relation between any metal on the earth and the crypto currencies which came into existence just now. I do believe that there is little drift of investment from the real world assets to the crypto assets but it doest mean that its taking the whole bunch of investors back into the virtual reality. No, it doesnt work like that mate and neither there is so much crowd in the crypto because of which the silver investment has also got disrupted if ever the same investors are said to be taking their investment off from the silver. 

Yes you are right, cryptocurrency and silvers or any metals like gold does not have a relation but maybe some of the business man who are investors of different assets are planning to switch into cryptocurrency and the demand for the market of jewelries or metals are decreasing.

[jhongzjhong]

Metal assets are still there, but those who invested metal are in government probably. Because they can afford to invest even the biggest amount and also they can't split these metals stone into small pieces, not like cryptocurrency even a single dollar you can buy. While cryptocurrency now is hot to the people they forget these metal stones as real assets. But it doesn't mean silver is losing ground.

[bangkit tri]

I dont see any relation between any metal on the earth and the crypto currencies which came into existence just now. I do believe that there is little drift of investment from the real world assets to the crypto assets but it doest mean that its taking the whole bunch of investors back into the virtual reality. No, it doesnt work like that mate and neither there is so much crowd in the crypto because of which the silver investment has also got disrupted if ever the same investors are said to be taking their investment off from the silver. 

Yes you are right, cryptocurrency and silvers or any metals like gold does not have a relation but maybe some of the business man who are investors of different assets are planning to switch into cryptocurrency and the demand for the market of jewelries or metals are decreasing.

they prefer bitcoin because it is seen as having a bright future and can provide greater profits. so many people assume that BTC is a profitable investment tool for the future compared to gold and silver

[omfg.xekcep]

Yeah, I also consider that silver is very undervalued comparing with gold, platinum, palladium but I am pretty sure that silver is not oversold out of appearance and rising of cryptocurrencies. In fact, I do not know objective reasons why silver is so undervalued comparing with gold but as soon as traders and investors begin buying silver I am absolutely sure its price will soar very high. Unfortunately I do not know when silver will begin growing so I do not invest in silver because I do not want to wait several months or even years to get an income. Moreover silver is a difficult asset because to bet on the growth of silver it need to buy a real metal or to open a silver deposit in a bank, or buy a special ETF on a stock exchange but all these assets are not convenient like cryptocurrencies.

[solkinsolali]

It is true that most of the precious stones including silver and gold are loosing ground due to cryptocurrencies. This is because the cryptocurrency although very risky, also yields a very high quick return on investment.

[timerland]

The silver standard is definitely a think of a past now.

Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.

I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.

That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.

[aoluain]

The silver standard is definitely a think of a past now.

Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.

I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.

That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.

I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2
store of value, certainly taking over from silver and maybe gold.

Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a
space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological,
medical and space applications.

[Bitfling]

I am believe gold and silver is good investment beside bitcoin. If gold and silver drop the price, i think its good time to buy because gold and silver acceptable for anyone in anyplace.

[deppil]

The silver standard is definitely a think of a past now.

Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.

I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.

That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.

I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2
store of value, certainly taking over from silver and maybe gold.

Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a
space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological,
medical and space applications.

Of course gold and silver will still exist because they have other selling points such as jewelry. from that gold and silver will always be a commodity for many people but certainly will be seen less frequently. because people today are more interested in investments that provide quick and short profit opportunities that is bitcoin

[setialovers]

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.

I think silver price is very undervalue and its good time for buying silver. Gold and silver is traditional investment and i am believe it will survive in many next years. Cryptocurrency is new investment and i am believe bitcoin is store of value like gold and silver

[PlayChip]

An odd comparison, and hard to quantify. Are the same people who look to invest in cryptos looking to invest in silver? I wouldn't have thought so - pretty different commodities!

[timerland]

The silver standard is definitely a think of a past now.

Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.

I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.

That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.

I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2
store of value, certainly taking over from silver and maybe gold.

Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a
space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological,
medical and space applications.

Exactly. That's one of the points that I forgot to mention in my reply as well, which was the fact that silver and gold are going to be still used for jewellery purposes, which since bitcoin isn't something that is physical, cannot fulfill. I guess that could come under the "industrial uses" that I mentioned with precious metals.

Having said that, bitcoin is simply just a purer and better form of money in my opinion.

Even silver and gold are subject to more centralization, and manipulation when it comes to value than bitcoin. Nor can precious metals be transacted online, which is something really important as the internet continues to develop.

[raven7886]

The silver standard is definitely a think of a past now.

Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.

I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.

That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.

I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2
store of value, certainly taking over from silver and maybe gold.

Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a
space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological,
medical and space applications.

Exactly. That's one of the points that I forgot to mention in my reply as well, which was the fact that silver and gold are going to be still used for jewellery purposes, which since bitcoin isn't something that is physical, cannot fulfill. I guess that could come under the "industrial uses" that I mentioned with precious metals.

Having said that, bitcoin is simply just a purer and better form of money in my opinion.

Even silver and gold are subject to more centralization, and manipulation when it comes to value than bitcoin. Nor can precious metals be transacted online, which is something really important as the internet continues to develop.

Oh yeah! It is not news that the price of silver and gold over time has been largely suppressed and systematically manipulated in a way to control their prices, and most believe they are under the thumb and control of central bankers. I still won’t be surprised if this would be their attempt on the crypto space as well in the long run.

However, I agree with the opinion that silver and gold will still always have their place no matter what, since all these financial manipulators are still always going to be involved even in the crypto market as well but for what it is worth, the main value in terms of purer and better form of money in the long run like you said, will make it overcome.

[mia khalifa]

I think the movement of cryptocurrency price conditions cannot give much influence to the movement of gold and silver prices because of the gold and silver conditions there is no link with cryptocurrency.

[Indrawan77]

I personally think there is no connection between the crypto and silver price, silver and gold is a precious metal that will always needed, its kind of surprising that the silver price go down this year, but there is nothing to do with crypto , many speculator said that silver is no longer profitable but I think silver and gold is a good long term investment because same with gold, silver can be used for a lot of household things, so maybe this year the price go down but for long term it will be profitable

[The Sceptical Chymist]

I posted in this thread back in August, but unfortunately I didn't post the price of silver.  Right now it's $14.05, and when I made that other post I'm pretty sure it was above $15.  Silver is doing exactly what I figured it would do.  On the other hand, I think bitcoin has fallen too--but I still don't think there's anything causal.  It's just standard volatility as far as crypto goes, but it's a persistent bear market for metals (silver in particular).

I haven't looked at a silver chart going back a few years, but does anyone know the last time silver was under $15?  I can't remember if it actually got that low since the bubble popped in 2011.

[Nila soru]

An odd comparison, and hard to quantify. Are the same people who look to invest in cryptos looking to invest in silver? I wouldn't have thought so - pretty different commodities!

Absolutely different commodities indeed! This to me is like two different separate spaces entirely and I do not see how much they correlate. I do not expect that in the long run, Silver nor gold will become obsolete and then attention will totally shift from there to digital age.

These commodities have been used for different things in the past, they are valuable and that will not change. Cryptocurrencies as well will have its own market and in anyway, as things evolve, we might see it being a preferred choice, but that would not eliminate the other commodities.

[putriliesma]

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.

Silver and crypto currencies are very competitive at this time. Therefore silver is likely to experience some slump because the crypto currency is growing.

[Gadhoh]

Silver is popular in developing countries but in my opinion we can't compare silver with bitcoin because they are different silver is a material things while Bitcoin is a virtual money and the price of silver is low while Bitcoin is volatile.

how not bitcoin is more promising than gold or silver, although it is almost as useful as it is but bitcoin is still the main choice, how not the price of bitcoin is very promising and is indeed good enough to be an investment.

[carlisle1]

Just like cryptocurrencies nothing is permanent,and knowing gold and silver this stands for very long time even our grandparents born.so if crypto recovers price in time then these materials will recovers more because this is tested by time ..and I believe that cryptocurrency has nothing to do with this value dropping since virtual and physical are two different things

[Daseento]

Another reason why I think cryptocurrency is highly appreciated is the fact that you're absolutely in charge of your asset and is relatively safe if you make use of cold storage or paper wallet while in storing precious metals, most patronized major financial institutions and this come at a price.

[SpringfieldM1A]

 I do not think the correlation between silver and crypto is there. I mean silver can lose value in your country but increases insanely in my country, its all about supply and demand. For example USA may not buy silver like they used to however germany might see a sudden surge of interest in silver and prices will flactuate. In my country silver is biggest it has ever been in the history of silver prices.
However crypto has been in a steady decline, do I go out and say "people who lost money on crypto went after buying silver" ? No because I do not see the correlation there neither. I think they are different places from each other.

[cescudero95]

I invest in crypto, participate in crypto projects, and work in a related industry.  However, I continued to stack gold and silver, as well as accumulate other asset types.  They aren't going anywhere.

[Nhor1011]

   Silver and crypto are far different to compare their value. Yes they are both valuable but crypto is not stable like silver or gold. Nowadays cryptocurrency is really a great investment opportunity it will not be the reason why silver loosing grounds.

[lightcar]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

[The Sceptical Chymist]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

Dude...I'm not saying gold or silver is entirely useless, but if there's an EMP from, say, a nuclear airburst there's going to be more useful items than precious metals--assuming you're alive to use them.

And if we're talking about a relatively simple case of the internet crapping out, I think cash would be a lot more useful.  If you're thinking of a case where fiat would be worthless, then I'd say again there are more useful things.  Land, food, water, guns and those kind of things are going to be your best friends.  In a real disaster, I highly doubt people are going to be resorting to precious metals bartering.  I don't care what the goldbugs say.  That's all hype, trying to get you to buy metals.

[Ng93]

Silver is a metal that has a certain value since ancient times. For example, now it costs$ 15 per ounce and maybe in 50 years silver will cost$ 25 is an asset to save your money, but not for speculation.
If you want to make money on speculation, you in cryptocurrency. And maybe bitcoin will help you. It is desirable to consider investments for a year. And to compare and say that money flows from one asset to another makes no sense

[gonzadz77]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

How you can say such thing about silver and cryptocurrency ?. Since when cryptocurrency are now start comparing with silver?. Both have different features with different rate.

[Rejevunator]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

Dude...I'm not saying gold or silver is entirely useless, but if there's an EMP from, say, a nuclear airburst there's going to be more useful items than precious metals--assuming you're alive to use them.

And if we're talking about a relatively simple case of the internet crapping out, I think cash would be a lot more useful.  If you're thinking of a case where fiat would be worthless, then I'd say again there are more useful things.  Land, food, water, guns and those kind of things are going to be your best friends.  In a real disaster, I highly doubt people are going to be resorting to precious metals bartering.  I don't care what the goldbugs say.  That's all hype, trying to get you to buy metals.

Both have different feature, cryptocurrency can not be access without internet where silver haven't any connection with internet plus not everyone know about cryptocurrency.

[bitgogo123]

It will not appear in the short term. But in the long run, gold and silver will depreciate in the future. The cryptocurrency is a brand new, free coin. Will be supported by more people.

[cintamoni]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

Better to posts source if you want people to believe you.Anyways let me clear for you sliver is physically thing where cryptocurrency isn't.

[lingwistiko]

Cryptocurrencies in the like of bitcoin is already considered as the new gold of this era but in digital form. It can even be mind digitally too and people are investing on it like they sold their precious ductile metal and invest it in either making their mining rigs or investing directly into bitcoin. There is also a possibility that other people who invested in silver also moved their asset into cryptocurrencies.

[1NV3ST0NM3]

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.

How can you compare silver with Bitcoin? I mean one is a metal and other is a digital currency. You would have made some sense if you had compared the investment side of silver with Bitcoin, but you yourself stated so many other uses of silver. How can Bitcoin be used as an important utensil, earrings or ornaments, etc? So I don’t think Bitcoin can affect the silver’s consumption in any way.

[spongegar]

I don't know, is there data supporting thing or is it an oversimplification of a fact? I mean crypto currency doesn't have any correlation with precious metals. I mean if there is, both would increase because i see ICOs with precious gems and metals as a backing for their coins. I would say silver will increase it's value mainly because it has been the norm.

[glowing10]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

One should always have a balanced investing plan and not just invest in crypto itself. It could be dangerous as that year be not for crypto and gold and silver could do better so if you stay invested in that too atleast you can make some money their.

[newcollegestar]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

Dude...I'm not saying gold or silver is entirely useless, but if there's an EMP from, say, a nuclear airburst there's going to be more useful items than precious metals--assuming you're alive to use them.

And if we're talking about a relatively simple case of the internet crapping out, I think cash would be a lot more useful.  If you're thinking of a case where fiat would be worthless, then I'd say again there are more useful things.  Land, food, water, guns and those kind of things are going to be your best friends.  In a real disaster, I highly doubt people are going to be resorting to precious metals bartering.  I don't care what the goldbugs say.  That's all hype, trying to get you to buy metals.

Absolutely right, in the cases of natural disasters, it is damn obvious that no one will ever bother themselves about some gold or silver but would rather prefer something they can at least lay their hands on and will be useful for that period of time.

You see people trying to find shelter, food to eat, clothes to wear and then you want to bring the idea of exchanging gold or silver, it won't even suffice. Like you said, it is all hype and no matter what they want people to keep believing, that does not change it from being hype.

[squog]

Is there more information about this because I've seen prices of silver today and i don't think that it was decreasing or if it did, it's not Earth shattering. Whether or not the price of silver is increasing or decreasing, i don't think that it would matter or be even caused by crypto currency. I mean Fiat can't touch crypto what more silver.

[joyclicks]

I still think its a good backup plan to keep some gold/silver in your house incase of an EMP or some other big natural disaster that  leaves us without internet.

Dude...I'm not saying gold or silver is entirely useless, but if there's an EMP from, say, a nuclear airburst there's going to be more useful items than precious metals--assuming you're alive to use them.

And if we're talking about a relatively simple case of the internet crapping out, I think cash would be a lot more useful.  If you're thinking of a case where fiat would be worthless, then I'd say again there are more useful things.  Land, food, water, guns and those kind of things are going to be your best friends.  In a real disaster, I highly doubt people are going to be resorting to precious metals bartering.  I don't care what the goldbugs say.  That's all hype, trying to get you to buy metals.

Absolutely right, in the cases of natural disasters, it is damn obvious that no one will ever bother themselves about some gold or silver but would rather prefer something they can at least lay their hands on and will be useful for that period of time.

You see people trying to find shelter, food to eat, clothes to wear and then you want to bring the idea of exchanging gold or silver, it won't even suffice. Like you said, it is all hype and no matter what they want people to keep believing, that does not change it from being hype.

Yeah it is right, more and more people are investing their money in cryptocurrency because silver has no or very low value in the markets and give you no profits if you hold big quantity of silver. It is much better to invest this money in cryptocurrency, hold them for some time and you will get your share from the profit. Cryptocurrency can make you rich in few years.

[GunsLair]

These two values aren't connected in any way, in my opinion. Silver, like gold, people perceive as a means of accumulation for many years. These are mostly people who belong to the older generation. They see these objects in silver and gold, they can touch and hold them in their hands. Not all of them are ready to change these values to bitcoin.

[manfredmann]

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.

Yeah totally agree with this idea. The thread is not that really credible because it needs supporting documents to prove the thread its worth. Anyway, I do not agree that silver is losing because of cryptocurrency since silver is also a vast or widely known to all over the world and this does not need some documents to prove its credibility. It is known to all good men here that silver has its own market price value also and people had some demand on it due to its use such as accessories and etc.

[evforster]

It will not appear in the short term. But in the long run, gold and silver will depreciate in the future. The cryptocurrency is a brand new, free coin. Will be supported by more people.

Every one certainly have their opinion but let's face it, in this case, there is no correlation at all between silver and cryptocurrencies. I am not surprised, since a lot of people certainly want to find a reason for a downtrend in any market.

If bitcoin is down, something is causing it, if gold or silver is down; cryptocurrency is the major culprit and so on. It is just a way of trying to find an excuse in their head for some occurrences. Moreover, everything about all these precious metals like Pharmacist said is all hype.

[gezhid008]

I prefer to think of gold and silver as an ornament. And bitcoin is more suitable for investment and storage. With gold and silver prices now falling, it would be wiser to invest in bitcoin.

[prinlyn]

Is there more information about this because I've seen prices of silver today and i don't think that it was decreasing or if it did, it's not Earth shattering. Whether or not the price of silver is increasing or decreasing, i don't think that it would matter or be even caused by crypto currency. I mean Fiat can't touch crypto what more silver.

In my community most people just prefer gold and not silver because silver has no value in the market. People also do not use silver. Demand for silver is very low although the price is also very low compare to that of gold. People will prefer gold instead of cryptocurrency but will never prefer silver in place of cryptocurrency. For me first gold and they cryptocurrency.

[LeonardoDiCrypto]

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.

Where has this survey been done and by whom? If true it is quite shocking to learn that cryptos are already affecting the price of silver.