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Are there any other former-silverbug-now-Bitcoin-maxis, like me? Just trying to find a kindred spirit in the pain that physical PMs have caused while the hope that Bitcoin continues to provide.

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For the loooooongest time I was literally banging my head against the wall, just not understanding why the price of silver (and of the other precious metals), would NEVER go anywhere. (Bought my first silver bar at like $30 in 2011, it's like $24 today) And then after learning about Bitcoin a couple years ago, little by little, gradually, gradually...I began to see why. And while it didn't relieve the pain of having made the wrong major financial investment decision, it did at least broaden my perspective on the world, it forced me to study history, and it enlightened me about human nature. I realized:

- It's not that silver and gold are bad investments per se, but they're really no different than any other commodity, in the sense that they won't be money again. You may as well stack copper bars or tungsten or something. Just, commodities that are mined out of the ground, have been available since forever, will remain so.

- The people saying "we will go back to gold" just make very little sense. It's the ghost of monetary past, whilst Bitcoin is the ghost of monetary future. And we're not going back to a past that saw such failures as gold being confiscated in 1933 and the Bretton Woods system failing in 1971 with the Nixon shock. Gold failed. You gonna pick the one that is known to fail against fiat, or the one that hasn't had it's chance to prove itself yet? At least with Bitcoin I have a chance - I know gold will fail already.

- The Bitcoin supply doesn't respond to price. No matter the price, you can't get any more Bitcoin. But metals you can and will.

- Another argument goldbugs love to make is "Central Banks own gold, therefore it will be money, but central banks own no Bitcoin, so it can't be money." Well...to that I say, thank goodness central banks don't decide what has value - people do. Do you wanna own the asset that central banks already own, or the one they have yet to own?

- When I played around on the Bitcoin blockchain, it really hit me - I can trace back any sat on here, and find where it was first mined. Then I realized - holy shit, this is how I know that no one is stealing! Can't do anything like that with gold or silver - God knows how much of it they mine.

- Trying sell off my gold and silver has been the BIGGEST argument for Bitcoin! Unless you have a local coin shop that pays near spot price, you've got to send it USPS insured, because UPS and Fedex won't deliver to P.O. boxes and other issues. But USPS can take as long as 26 days (!!), and then it can take another week to get the check in the mail and deposit it. It can be a month before you get your money, hope you didn't need that money quick! Compare to Bitcoin, which can even be spent as money in some places.

It's hard to admit I got it all wrong for all those years. In my defense, if Bitcoin didn't exist, gold probably still is the best non-fiat money. But...now I know why. It's been eye opening.

Anyone else run through the same epiphonies in the past few years?

submitted by /u/RonPaulWasR1ght
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