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RE: Simple Bitcoin Explanation - The Most Undervalued Asset In Human History
The most undervalued asset in history is Silver at this very moment. FAR more than BTC.
The most undervalued asset in history is Silver at this very moment. FAR more than BTC.
Gold and Silver are both artificially suppressed thus extremely undervalued... You could give 3.7 ounces of silver to every person on earth. Doing the math... I cannot agree that it is more undervalued than bitcoin.
Thanks for the comment though!
As context, silver is supressed 500 to 1 paper to physical, and gold 231 to one.. so silver has far more pressure from short sells, as it's truely the more valueable metal for industry.
Yes, I am well aware of that. I believe there should be some unity in the PM markets and Crypto.... since I am in both myself. I see all three shooting through the roof not too long from now.
The point is, if no massive physical is demanded from exchanges, the paper trade will continue. It could even be that paper price moves to zero while physical becomes unobtainable.
Did you read the article or just comment on the title :-) Just wondering
I already know the fundamentals of everything related to crypto and precious metals. You are underestimating the punch silver is about to give, it's likely to go parity with gold, so I don't put them in the same boat.
Also BTC is a great bet long term but you will do far better going long silver now, then selling off to BTC even if it goes up 10 fold.
BTW Big time crypto advocate. I hold a number of ICOS, as well as BTC, Ether, Dash, and Bytecoin.
I have more silver than I can carry. I was in silver before it was cool at 4 dollars an ounce. This writing is to educate the hundreds of people asking me about bitcoin on FB, EMAIL, TEXT and phone calls. I hope to help them understand Bitcoin and Crypto Better. Its good to be diversified.
Agreed. It's not the most undervalued :) That's my only point. I love crypto. I just got in the vertasium ICO. I'm not crypto hater. I run a bitcoin ATM lol.
Just as a casual observer here, why is Silver about to blow?
The Stock Market looks like its long overdue for a correction plus when the shorts on silver get wiped out... its up up and away
Ah, fascinating. Time for me to start doing my homework
That's true. BTC was the most undervalued assets in the early 2009.