Better Investment: Bitcoin or Silver?

[UtahApocalypse]

I am wondering the opinion here as to which is a better investment. This would be very low amount's. I currently have 2 1oz. Silver Rounds, and 0.05btc. Is it better to hold the silver or sell and invest in btc? Which is better long term? short? what are some of the pros and cons of each?

 

[dannno]

I would put most of it in silver, but putting some money in bitcoin is not a bad idea at all.

I've been using some of my btc profits to buy silver.

 

[PaulConventionWV]

I am wondering the opinion here as to which is a better investment. This would be very low amount's. I currently have 2 1oz. Silver Rounds, and 0.05btc. Is it better to hold the silver or sell and invest in btc? Which is better long term? short? what are some of the pros and cons of each?

I have been holding silver for about a year, and I have all but given up on it rising in value. Once I thought it couldn't get any lower at about $19/oz, it just stays there and keeps bouncing off the bottom. I've had some win with BTC, however, so I'm sticking with that for now. If you're just looking for a hedge against hyperinflation, then you might want to keep at least some silver, but if you have things to do with your money, then put it in BTC. That's what I'm doing.

 

[Original_Intent]

bitcoin = tulip bulbs imho. There is a mania at the moment, if you buy right and sell right sure you may make a killing, but it is going to end up next to worthless at the end of the day. That's my 2 bits in pre-1965 coinage.

 

[dannno]

Bitcoin is nothing like tulip bulbs, why do people keep making those comparisons? Bitcoin has a valid use as a tool to circumvent government authoritarianism. It helps more people engage in more free market transactions with less government scrutiny. Do tulip bulbs do anything useful besides helping the occasional guy get laid?

 

[jkr]

 

[muh_roads]

bitcoin = tulip bulbs imho. There is a mania at the moment, if you buy right and sell right sure you may make a killing, but it is going to end up next to worthless at the end of the day. That's my 2 bits in pre-1965 coinage.

Crypto-currency won't ever be worthless so long as Agorism and high transfer fees to compete with exist.

This is disruptive technology and you people that keep fighting against this without doing your research are going to miss out on opportunity of a lifetime as the industrial and commercial foundations are constructed. The days of being able to buy a whole BTC are greatly disappearing. How do you think the trillions of transactions are made on FOREX?

 

[Carson]

Bitcoin is nothing like tulip bulbs, why do people keep making those comparisons? Bitcoin has a valid use as a tool to circumvent government authoritarianism. It helps more people engage in more free market transactions with less government scrutiny. Do tulip bulbs do anything useful besides helping the occasional guy get laid?

Wow! I guess I've been doing tulip bulbs all wrong!

 

[muh_roads]

As for the OP's question. Bitcoin or Silver. Bitcoin now. Try to buy in at the volatile lows before it takes off again.

The end of the world isn't going to come for a while yet. Bitcoin now will let you buy much more silver later. I will easily bet anyone an ounce of gold that this turns out to be the case.

Hang on though. It will be a crazy and volatile decentralized ride.

 

[Shane Harris]

As for the OP's question. Bitcoin or Silver. Bitcoin now. Try to buy in at the volatile lows before it takes off again.

The end of the world isn't going to come for a while yet. Bitcoin now will let you buy much more silver later. I will easily bet anyone an ounce of gold that this turns out to be the case.

Hang on though. It will be a crazy and volatile decentralized ride.

This is exactly how I see it. I had 22 oz silver. Sold a little less than half of it and bought btc at around 550/btc. Goal is to accumulate 5 btc in the next five years (or as soon as possible). Getting a grown up job in June and living with girlfriend's parents (for which I am eternally grateful, financially speaking) for about a year before getting married should afford me some extra money to invest. Crossing my fingers that btc levels off and stays beneath 2-3k/btc during the next year or so (but who effing knows).

As a side note which makes me ill, I bought my silver between oct 2011 and oct 2012 roughly. If I had put that same exact money into btc instead of silver during that time frame, I would have roughly 100 btc right now (roughly 100,000 dollars worth). Yes it does make me sick. And yes my silver is worth less now than when I purchased it. However my btc has roughly doubled in value within a few weeks. I hope btc goes down in value in the short term (defined as a long enough time frame for me to buy a lot haha) so I can buy more, but I'm not counting on it.

I stand by silver as a long term investment/hedge but I see the potential in btc as an investment being exponentially higher than that of silver, and more immediate. This is still the beginning in my opinion, and although btc is certainly more risky than silver, the potential reward is greater as well.

 

[Brian4Liberty]

I'm going to melt my silver and pour it down an anthill...

 

[extrmmxer]

Bitcoin is nothing like tulip bulbs, why do people keep making those comparisons? Bitcoin has a valid use as a tool to circumvent government authoritarianism. It helps more people engage in more free market transactions with less government scrutiny. Do tulip bulbs do anything useful besides helping the occasional guy get laid?

Haha excellent. I'm tired of hearing that lame analogy as well.

To answer the original question, you should be buying both. The conversation should be about gold/silver AND bitcoin. Not gold/silver OR bitcoin.

 

[oyarde]

I will have tulip bulbs available for sale next spring .

 

[oyarde]

I am wondering the opinion here as to which is a better investment. This would be very low amount's. I currently have 2 1oz. Silver Rounds, and 0.05btc. Is it better to hold the silver or sell and invest in btc? Which is better long term? short? what are some of the pros and cons of each?

I have pounds and pounds of copper , lead , less than 10 Bitcoins and maybe a little less than a million ounces of silver, little bit of gold . If you do not have much money , just keep what you have , buy a little more bit coin with the spare change , and silver ........ save a few FRN's for spring to get some of Oyarde's tulip bulbs.

 

[Neil Desmond]

Bitcoin is nothing like tulip bulbs, why do people keep making those comparisons? Bitcoin has a valid use as a tool to circumvent government authoritarianism. It helps more people engage in more free market transactions with less government scrutiny. Do tulip bulbs do anything useful besides helping the occasional guy get laid?

Funny; this makes me think of how diamonds are not really precious gemstones and we have the opposite effect with them when it comes to their value (i.e., low because not scarce) and their price (i.e., high because of the monopoly). I guess I'm kinda wondering why don't they compare (or contrast) bitcoins with diamonds (or compare/contract between Tulip-mania and diamond-mania)? It seems to me like it would be a little more consistent to compare bitcoins with diamonds (I don't know).

 

[helmuth_hubener]

These are such small amounts it really doesn't matter. I see no reason to sell the two silver coins. I assume they still serve whatever purpose you bought them for. So why sell them?

 

[Seraphim]

This sums it up. It should be abundantly clear which one is BTC and which one is PM's.

 

[Madison320]

Bitcoin is nothing like tulip bulbs, why do people keep making those comparisons? Bitcoin has a valid use as a tool to circumvent government authoritarianism. It helps more people engage in more free market transactions with less government scrutiny. Do tulip bulbs do anything useful besides helping the occasional guy get laid?

What can use use your Bitcoins for if the Bitcoin network becomes obsolete? Gold and silver are not officially used as currency right now (at least that I know of) and they still have value.

It seems like such a simple concept to me, that money should have value on its own as a commodity, yet Bitcoin proponents don't seem to get it.

I would have more respect if the Bitcoiners would say, "Yes we realize Bitcoin has no value on it's own but it has other properties that outweigh this negative." or maybe "Yes we realize Bitcoin has no value on its own but this is actually a positive."

 

[PaulConventionWV]

These are such small amounts it really doesn't matter. I see no reason to sell the two silver coins. I assume they still serve whatever purpose you bought them for. So why sell them?

Maybe he's beginning to see that they serve no purpose sitting there. They could, however, get him some precious fiat if he sold them.

 

[MelissaCato]

Does anyone here use Mycelium Wallet ? I just bought two .01 coins and I was wondering if this wallet will eventually calculate to 1 Bitcoin if I continue to buy .01 coins ? I'm new to this Bitcoin stuff & I just bought those two coins a few minutes ago - still no hide nor hair of them in my wallet.