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

[roslinpl]

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

Yes well.. Perhaps 50% BTC 50% LTC from silver it is reasonable

Or maybe 70% to 30% would be better?

[1714724418]

1714724418

[1714724418]

1714724418

[1714724418]

1714724418

[nkocevar]

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

Yes well.. Perhaps 50% BTC 50% LTC from silver it is reasonable

Or maybe 70% to 30% would be better?

Which currency do you think is more stable? LTC or BTC?

[LAMarcellus]

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

Yes well.. Perhaps 50% BTC 50% LTC from silver it is reasonable

Or maybe 70% to 30% would be better?

Which currency do you think is more stable? LTC or BTC?

Litecoin is less volatile than BTC. By design it uses weaker computers.
It has a smaller market share, less hash-power, less interest worldwide, isn't as secure, and my personal favorite...
Is probably already obsolete due to side chains.  Invest accordingly.

[daneel2]

keep $5k in silver, rest to BTC is what i would do.

[wachtwoord]

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

Yes well.. Perhaps 50% BTC 50% LTC from silver it is reasonable

Or maybe 70% to 30% would be better?

Which currency do you think is more stable? LTC or BTC?

Bitcoin by a huge margin.

[omahapoker]

 i started all in with BTC, after learning how to ake money on BTC i buy silver with all my profit.

[wachtwoord]

fter learning how to ake money on BTC

You mean by holding?

[aztecminer]

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?

my advise to u young padawan is maintain ur precious metals stack and use new fiat reserve currency dollars to buy crypto-currency mining hardware. u don't need to gamble your stack to get more reserve currency fiat dollars. that isn't even a gamble that is just losing your stack. inflation is already hitting the us. i used to buy shaving cream at .99 a can and now that same can is 1.67 at walmarts .. they used to sell my razors in 15 packs for $24.95 .. now they don't even sell 15 packs anymore, they are 10 packs at $24.95 . that in just the last year or so. the us dollar is already buying less than it was a year ago. i wish i woulda bought a bunch more razors while they were still on sale in 15 packs a year ago! meditate on this and the rest of the answers to ur questions will come to you.

[iluvpie60]

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?

You just proved you aren't a very savvy Silver investor then... Silver is set to go up again very soon, many silver shortages lately in the technology industry(they use silver in a lot of parts)... I call troll on this or prove you have it. Anyone who bought in on silver awhile back is feeling great.

[grifferz]

If you have virtually no living expenses and no debts, does that imply that you are currently living with your parents for free?

Is this situation going to change at some point?

I mean unless you are lucky enough to have been given a mortgage-free property to live in, at some point you're going to have to pay rent or mortgage.

If that is the case, rent is going to be one of the biggest expenditures you're ever going to have, and in that position I wouldn't be keeping $25k in silver or bitcoin but using it as a deposit on some property.

I suppose basically I struggle to imagine how $25k of net worth could be lost and still consider it as having no effect on day to day life.

If that truly is your position though, then I agree with other posters who have urged caution and diversity and pointed out that if you have to ask, you shouldn't do it.

[cr1776]

Why not start slow and do a 20-30% conversion. If the pundits are right, the dollar is going to crash and silver will go up for sure if that happens. We don't know if Bitcoin will be hurt or helped by the crash of the dollar, though my guess would be that Bitcoin will get a boost.

This is a good suggestion.  If bitcoin increases in price to make $25k worth life-changing, 30% ($8k) will also be life-changing.  And50% would be life-changing.

If you have to be convinced either way though, think long and hard about changing course.

:-)