Sold of My Entire Bullion Collection In Order To Purchase BitCoins

Not so sure about that Michael. It’s all institutional money now.

 

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Yes I'm not sure how this new introduction of crypto currency is going to
affect the market. That's why I am asking people more knowledgeable about this different economic dynamic than myself. We didn't have this crypto currency when we were discussing widgets in the 1980s.

 

I'm so glad I found this forum . A wealth of information , photos of coins/currency and JOKERS .
THANKS

 

While the OP started out as a joke, the thread has been a serious discussion the last few years.

 

Facebook and a couple of big players are coming out with a new Crypto currency shortly . This may be a shot at the big time if a person so chooses? Dillan

 

BTC back over 10k usd each.

 

I do not think it will go silly in price like Bitcoin , but just the same it may be a worthwhile investment buying at the ground floor and selling just before all the hype ends. Dillan

 

Happy to be of service.

Now, would you like to explain to everyone why you're holding on to a number of coins made of silver, that vile, trashy metal of fools, more than two years after you received a cashier's check from another forum member who agreed to buy it?

If not, people might not attach the weight you'd prefer to your opinions on what is or is not a good investment. Or a scam. Just sayin'...

 

OK this price is amazing.

$10,747.51

 

Well I just meant that the recent run up went much higher than I expected.
Even if the price is being manipulated, someone has to be buying it to do that.
And that takes a lot of money.

 

Would you consider that it's all relative in degrees of misplaced confidence to our Fiat currency? We might weigh the relativity in the future when there may be a Chinese (or others) cryptocurrency, avoiding the U.S. sanctions and banking "system".

JMHO

 

Why would he rip somebody off for a $100.00?
This is the guy beating the drum for gold investing.
Make no sense to me.

 

That $100 is his only profit.

 

I believe it's significantly different from the current crop of cryptocurrencies -
From the Economist:
". . . The Libra’s value will be pegged to a basket of major currencies, it will be able to handle large transaction volumes and 28 other big firms say they will join a consortium backing the currency. If Facebook’s 2.4bn users adopt Libra to shop and transfer money, it could become one of the world’s biggest financial entities. That would herald a consumer revolution—but could also make the financial system less stable and reduce governments’ economic sovereignty. . . "

Many countries and companies have been wanting to get away from the US dollar as the international currency of record. The Libra might be just what they've looking for.

 

"We didn't have this crypto currency when we were discussing widgets in the 1980s. . . "

The Libra isn't a cryptocurrency. It's pegged to a basket of
major currencies. Cryptocurrency is backed only by the ether.

 

It hasn't been pegged yet. And when I wrote that post it was being
described as a digital currency.
It's not currency as it has no country/ government behind it.
Just because they have money, doesn't mean they can launch their
own currency.
I initially took it to mean that it would be some type of Pay Pal/ e wallet.
So FB users could use it to buy things.