you cant compare silver and gold to crypto man... seriously...
your talking about a commodity that has use, more than just jewelry.... In honesty you seem to be attempting to justify your sentiment here using a commodity... In actual fact your trying to relate the 2 in one sentence and then expose gold and silver and diamonds as a conspiracy to which formed wealth... weird to say the least, if you believe what your saying then you are also doubting crypto.
Just for the record man, I think you may want to do some study on gold and silver to understand how it got to where it is today... nothing to do with jewelry... in brief it was the original monetary system, eventually the wealthy got scarred of holding or storing gold and silver due to robbery and theft... so hence the bank system was created... people put their gold in to banks safes, in return they got a piece of paper showing the worth of the gold or silver... this was how it all started... eventually no one was carrying gold or silver any more, but simply bits of paper that eventually turned in to the common monetary system... smart really, banks ended up with all the real wealth and gave away paper for gold...kind of ludicrous really.. as the decades have gone by Fiat currency is now valued on the economics of the country itself... gold and silver have no play in the monetary system... makes you wonder where all the gold and silver went.... any way, silver and gold is no different than iron ore or lead or lithium or zinc for that matter... but they have true value due to use and demand... what use is Crypto really? If someone offered you 4 ounces of pure physical gold or the option to take the same value of say "bitcoin" in the form of a digital code, but you couldn't check the market or the authenticity of the bitcoin to see which seemed less volatile, which would you take?.... 99.9% of people would take the physical gold... most wouldn't even know what crypto was as mentioned in the previous post... Crypot is just a play for traders, and easy money for those setting up the ICO's... many have been exposed as a con... eventually this doubt will continue to drive the bears to punish this seemingly scam... again at least commodities have a physical form and have a genuine use...
Any way, I think the bears are telling the story at present...
have a read of this article only 4 hours old...this is just the start IMO
A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had enabled “some people” to withdraw all of the funds on the exchange. Educated readers may recall a time when Mt. Gox claimed similar problems. The handling of the two cases by their administrators was dramatically different. In the case of Mt. Gox, attempts were made to repair the damage, although they resulted in worse damage. They went so far as to near-nakedly manipulate the Bitcoin price in an attempt to recoup lost customer funds before anyone found out.
DCC Price at posting:
6.6¢ Sentiment: Sell Disclosure: Not Held
(20min delay)
