Post
Topic
Board Speculation
Re: With Gold & Silver tumbling, will investors seek out Bitcoin as a hedge?
by
superresistant
on 26/06/2013, 19:28:57 UTC
It would be fucked up to seriously invest in bitcoins

why? sure it has no guarantee and many obstacles to overcome if it wants longevity and adoption by more users (and governments) but nothing has a guarantee, as gold/silver is proving right now. I bought silver at $40/ounce three years ago when it was "the sure bet" and now I have less than half of my wealth. And I did that as a way to find a safe haven for a 12k investment that was salvaged from a failing IRA that had an original investment of 14k...

The majority of BTC investors bought BTC below its current price, and of all the options on the table, its appreciation since its inception and or any time prior to 6 months ago has outpaced all other options...

Well if gold and silver investment can fail despite all predictions, imagine what can happen to Bitcoin...