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RE: Which is cheap? 1 BITCOIN = $2,755, 1oz GOLD = $1,263 or 1oz SILVER = $16.84? They ALL ARE..!!

in #bitcoin7 years ago

Stephen, Thank you for the interesting article! I would agree that gold and silver are cheap based on the established fact that they are heavily manipulated markets. It is impossible to get true free market price discovery in the metals market. I believe it is more difficult to state that Bitcoin is cheap because unlike the metals market, it IS operating in a free market and it is the current hot investment trend. I believe the collective excitement in the cryptocurrency world is inflating a price bubble that is not sustainable for Bitcoin; especially when you consider the great variety of new crypto competition. Time will tell. Whatever happens in the next few years in the blockchain will no doubt be historic and have global impact. I think it is fair to say that the great interest in gold, silver and cryptocurrency is a vote of no confidence in the banksters and their fiat currency schemes. Best Regards

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