Post
Topic
Board Speculation
Re: Gold is collapsing. Bitcoin up.
by
bitcool
on 14/03/2012, 04:53:25 UTC
I have had to sit tight on my PM supply and wait it out for a year now and then while things consolidate.  Thankfully I have had zero difficulty doing so and ignoring all of the people calling a top.  Maybe this will be the time that the PM "bubble" finally pops, but I can think of no plausible change in the mechanisms which have been responsible for the increased value over the last decade.  There are things about PM's which concern me quite a lot and caused me to diversify, but a popping bubble is not really one of them.
I agree 100% with you in regarding to the yellow metal.  However,

I project that Bitcoin will either increase in value by several (if not many) orders of magnitude, or it will go to zero. 
I heard and repeated similar statement made by someone last year predicting the year-end BTC price, I was wrong.

It's now my belief that bitcoin is here to stay, users come and go, but there will always be believers, and its value will not go to zero.