Post
Topic
Board Economics
Re: Silver is loosing ground due to rise of cryptocurrencies
by
prinlyn
on 28/09/2018, 09:40:49 UTC
Is there more information about this because I've seen prices of silver today and i don't think that it was decreasing or if it did, it's not Earth shattering. Whether or not the price of silver is increasing or decreasing, i don't think that it would matter or be even caused by crypto currency. I mean Fiat can't touch crypto what more silver.
In my community most people just prefer gold and not silver because silver has no value in the market. People also do not use silver. Demand for silver is very low although the price is also very low compare to that of gold. People will prefer gold instead of cryptocurrency but will never prefer silver in place of cryptocurrency. For me first gold and they cryptocurrency.