Convince me why I should or shouldn't convert all my Silver to BTC

[bitcoinforhelp]

you ask what would you do on bitcoin forums, what do you think? -_-
try bitcoin, looose it all or double it or triple it

[Littleshop]

Do it.  Bitcoin will either go to (virtually) zero, or be worth MASSIVELY more than it is today.  There's just no other alternative.

That is a good argument for putting half of it into BTC.  If it is worth massively more then the OP will be set anyhow.  If not, they have not lost everything. 

[vpitcher07]

Never put all your eggs in one basket. Never do it, you may look at it now and say it wouldn't be terrible if you lose everything but when it actually happens you'll be very pissed. Unless of course $25k is nothing for you ( in which case I envy you).

[acoindr]

I'll give some advice which should never steer you wrong:

1. Don't put more in crypto than you can afford to lose.
2. Always diversify.
3. Don't invest in anything you don't understand.

You've already addressed #1, so I'd definitely hold some crytpo. With respect to #2 I'd hold onto some silver (I think others have wisely said similar). That leaves #3 which is how I'd determine how much to put into each. I personally understand cryptocurrency a whole lot better than the silver market (which I think I have some clue about too), so I personally would load up on crytpocurrency.

The fact you already hold a significant part of your wealth in something tangible other than fiat puts you far ahead of most of the world's population. The fact you also have the opportunity to get into crypto while it's even more obscure on the world stage than gold/silver which have been around thousands of years advances you further. In other words you're doing pretty well either way. The only thing I'd have on my wishlist in addition, if at all possible, is some way to hold property/land. Having precious metals, cryptocurrency and land is the best possible asset portfolio going forward IMO.

[PrintMule]

Invest in a business, for Pete's sake!

Instead of sitting on that money, put it to good use.

If I had extra money, I would've hire artists for my game. Or open a little shop. Or sponsor someone talented.

Not simply lie in wait and hope for the better.

[Bit_Happy]

I got about $25k(a large portion of my net worth) sitting in silver and I just don't see it outperforming Bitcoin in the near future. I can afford to lose it all. What would you do?

fyi

I'm young.
I have virtually no living expenses and no debts.
I understand risk and volatility and am comfortable with it. If i lose it all I won't be killing myself.

The way I see it, if Bitcoin crashes to 0 my life situation does not change. If it booms however, my life situation has to potential to change dramatically. win/win right?

Congrats on having a good spot to start at.
I would sell only 60 to 70% of the silver at first (to buy BTC soon), then you have some money left in case BTC goes back close to $300 (or lower)

[Deviant1]

...

I always recommend diversification, even if young.  Since this is money that could be lost without too much heartache, I would go something like:

1/3 in gold
1/3 in silver
1/3 in BTC.

Bulletproof!

THIS! If you want more BTC, dump the gold part but don't ditch all your silver!

[jonald_fyookball]

I got about $25k(a large portion of my net worth) sitting in silver and I just don't see it outperforming Bitcoin in the near future. I can afford to lose it all. What would you do?

fyi

I'm young.
I have virtually no living expenses and no debts.
I understand risk and volatility and am comfortable with it. If i lose it all I won't be killing myself.

The way I see it, if Bitcoin crashes to 0 my life situation does not change. If it booms however, my life situation has to potential to change dramatically. win/win right?

Congrats on having a good spot to start at.
I would sell only 60 to 70% of the silver at first (to buy BTC soon), then you have some money left in case BTC goes back close to $300 (or lower)

obviously, the flip side of that is the risk that it never does go lower, and the opportunity is lost to buy coins at the current price.

[Trillium]

A good investment portfolio is not 100% of one thing or another.

You should not even have 100% silver right now. You should not exchange it for 100% bitcoin.

I suggest you find someone to assist you with creating a diversified portfolio, you'll probably thank yourself in 10, 20, 50 years time (or your children will might).

[burritofanatic]

Because in the next decade, at least one major government will re-do their constitution along with their financial system.

[freedomno1]

I got about $25k(a large portion of my net worth) sitting in silver and I just don't see it outperforming Bitcoin in the near future. I can afford to lose it all. What would you do?

fyi

I'm young.
I have virtually no living expenses and no debts.
I understand risk and volatility and am comfortable with it. If i lose it all I won't be killing myself.

The way I see it, if Bitcoin crashes to 0 my life situation does not change. If it booms however, my life situation has to potential to change dramatically. win/win right?

Go for it better to try something with more volatility when young then when your older and need more safer investments.

[megashira1]

Thanks for all the perspectives guys really appreciate it. Sometimes ones mind can blind itself. Thanks for the clarity.

As for now I believe staying diversified is the best option. I'll probably transition maybe 20% of my current holdings into my BTC holdings.

[smoothie]

I got about $25k(a large portion of my net worth) sitting in silver and I just don't see it outperforming Bitcoin in the near future. I can afford to lose it all. What would you do?

fyi

I'm young.
I have virtually no living expenses and no debts.
I understand risk and volatility and am comfortable with it. If i lose it all I won't be killing myself.

The way I see it, if Bitcoin crashes to 0 my life situation does not change. If it booms however, my life situation has to potential to change dramatically. win/win right?

If you know the risks and understand that you could lose it all then I would (if I were you) get into Bitcoin and out of silver.

[rohan1]

Silver is better than Gold, suggest 50% silver+25% bitcoin+25% other alternate coins.(potential ones)

[zimmah]

I got about $25k(a large portion of my net worth) sitting in silver and I just don't see it outperforming Bitcoin in the near future. I can afford to lose it all. What would you do?

fyi

I'm young.
I have virtually no living expenses and no debts.
I understand risk and volatility and am comfortable with it. If i lose it all I won't be killing myself.

The way I see it, if Bitcoin crashes to 0 my life situation does not change. If it booms however, my life situation has to potential to change dramatically. win/win right?

I have about $6000 in bitcoin and directly bitcoin related investments
And about $300 in silver right now
Gold will follow in a couple of months

I think it would be wise to have at least a percentage in gold and silver, but in the short term bitcoin will likely hugely outperform both gold and silver, and silver will likely outperform gold on the short-medium run. What will happen in the case of economic collapse however remains a question. Gold and silver have a history of doing exceptionally well during a currency collapse, but bitcoin obviously has no history on that.

I'd say, out of your $25k sell 20k, invest in bitcoin
Sell another 1k for gold maybe
Leave the other 4k in silver.

That's just my advice.

Also, out of the 20k invested in bitcoin, maybe invest a little on bitcoin related investments instead if directly into bitcoin. Especially companies that yield dividend in bitcoin. In my signature you can find one such investment. Note that it may be a Ponzi so be careful, but if it is a legit business, 1% a day (which they often make) is a huge profit. (In roughly 70 days your investment is doubled).

[vnvizow]

Well silver ain't going anyway, the market potential for Bitcoin is way higher than silver's. Your choice

[DrBitcoin]

Diversify! 25K is a lot for someone young. Putting it all in Bitcoin is a mistake. Silver is at a historical low. Keep some in silver. Buy some Bitcoin (maybe 5K).

Never put all your eggs in one basket.

[lumierre]

You could actually buy things with bitcoin you know. I doubt that you'll find any restaurant near you that accepts silver coins. It's simply impractical because the merchant accepting it must verify its purity while in bitcoin, we can simple look at the blockchain to verify. Silver is not easy to liquidate for the average person while in bitcoin you can simply buy stuff at overstock, etc. or go to an exchange and sell your coins all within your comfortable home. Bitcoin adoption rate is faster than silvers'. For an investors perspective, that is a window of opportunity.

[yayayo]

It's not a good time to sell silver, because it already has corrected substantially. I think both silver and bitcoin will rise. But you should not focus on potential gains alone. You should also focus on potential loss. Bitcoin is by far a more risky investment, hence the greater potential return.

I would keep half the silver and invest the other half in Bitcoin. With silver you also have something physical in case of emergency.

ya.ya.yo!

[nkocevar]

Buy litecoins as well! Look at the return you would have gotten had you invested $100 a year ago!