Sold of My Entire Bullion Collection In Order To Purchase BitCoins

If you're sitting on a block of dry ice, and pour a bucket of boiling water over your head, on average you'll be pretty comfortable. You should try it and see!

(Okay, I can't resist: what caused silver to suddenly come into existence 5000 years ago, and what was its dollar price per ounce at that point?)

 

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Started the session at 7800 I think.

 

$7,203.30

 

I still cannot figure out why I would want to own any investment where the price fluctuates wildly for no explainable reason, backed by nothing, processed by no identifiable body who is accountable for accuracy or backing. It still has the feeling of tulip bulbs, virtual electronic tulip bulbs, but still tulip bulbs.

 

That's not exactly true. Plenty want it to just like plenty think only PMs are real money and such. Realistically as has been pointed out time and time again in this thread and others the ones that are the biggest market are Asian countries and countries with very suspect banking.

That said yes it is very volatile and not for the faint of heart. At this point it probably is mostly getting manipulated by governments trying to avoid sanctions and big money. Point was just that while it will likely never take much of a hold in the US, there are countries that have embraced the idea and it is more widespread than it is often portrayed as

 

Here's a fascinating read about the history of BitCoin and who may have invented it:

Was Bitcoin Created by This International Drug Dealer?
Maybe?
https://www.wired.com/story/was-bitcoin-created-by-this-international-drug-dealer-maybe/

 

Even that's not true. Am I telling people to go out and buy it, no not at all. But The reason this thread is so long is the complete misunderstanding of what it is and why it is. These same comments happened years ago and it came back

 

It's right around the 10,000 level.
I didn't think it would come back to that. I blame corona.

 

It's past 10k now.... it was over 10k early in the year before COVID was a big deal over here....

 

It has no intrinsic value. Only speculative value. So as long as you can find new suckers, you're good.

 

I don't understand why people buy silver either

 

It's up $5,600 since you stopped posting it's price (as soon as it started going back up of course). Meanwhile let's all get excited about a $4 increase in the price of silver. Lol. So much sour grapes when it comes to Bitcoin.