Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 27/07/2017, 22:49:04 UTC
dumping bitcoin for silver (while silver is at the floor) is the best move you can make in the long run right now.

Sure, you might get 2x out of silver. I see 10x out of Bitcoin as far more likely, even without a scaling solution, just with the block reward halvings to come.

LOL, no.  Silver is the most undervalued asset in the world right now.  If silver was only good for a 2x I wouldn't even bother.  US debt vs gold chart has a 92% correlation, which means gold will head to $2200 in the near future which will see the GSR collapse from 80:1 to 30:1 or lower ($73 silver).  That's a 4.4x even within their rigged system where the price is suppressed, let alone factoring in something like massive money printing or the economic system imploding.  This is what I consider easy money because it's very likely, almost inevitable to occur.  

You would need someone to pump bitcoin to $12,000 to match that trade.  Bitcoin, even though it has crap for fundamentals since it's not decentralized and doesn't scale, might get another pump looking for greater fools to buy next halving, but bitcoin is no longer a cheap penny stock to buy.  The market cap of bitcoin and silver are around the same now.  It's no longer the biggest upside item around because other assets were suppressed by central bankers while they allowed this imaginary, digital asset to rise in order to try and promote a "cashless society" and eventually release their own governmentcoin.