Bitcoin is Now Valued Higher than Silver Production Over the Last 20 Years

in silver •  7 years ago 

A look at the value of silver compared to other major assets around the world.

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Thanks again, Dave, for your informative report.

Dave, Matt, same thing, right? 😂

I love Crypto and Bitcoin but I think Bitcoin is overvalued now. Since it has gone mainstream, people are treating it like it's a brand new crazy tech. It's the opposite. It's 9 years old, outdated, slow, expensive to use now and the system can't handle itself. Not to mention the community not agreeing on how to scale it.

I feel like there are many other cryptos that do the same thing and more...which are valued a lot less. I've now gotten rid of my bitcoin and avoid it at all costs, because using it and sending it is no fun.

Cryptocurrency as a whole, however...I still and always will love.

That's exactly what I'm saying. I think the crypto market as a whole is in for a correction because it's value today doesn't correspond to it's actual use. It's mostly a speculative bubble.
However, I think it will play a major role in our lives in the future. But I think by then, other cryptos will be have dethroned BTC. You're right, there are better and more efficient ones out there. I'm especially partial to privacy coins.

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Bitcoin is not eternal, but silver will always be

As an investor in both crypto and precious metals....I invest in crypto to make money. I invest in silver to keep money safe and possibly make some, too. I agree with the basis of your statement. :)