Anyone ever buy Bullion with Crypto?

Best idea - maximum discount + payments with personal checks are not considered cash transactions (not reportable on IRS Form 8300)

 

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Wow!.. Now I understand Cryptos ( so much more clearly).

 

I think by doing the math, you will come to your own conclusion, if your
really hardcore about saving a buck.

 

I like to explain it simply like this.

Gold is valuable because of how much it costs to get out of the ground.

Crypto is like electronic gold. It has value because of all the computing power & electricity it takes to "mine" it by solving very complex mathematical equations.

Solving those mathematical equations results in bitcoin transactions being completed. Lots of people's bitcoin transactions are pooled and whoever solves them first gets rewarded with bitcoin. Currently 6.5 bitcoin per block solved.

Basically crypto is like a digital, finite, version of gold.

 

☆☆☆Bitcoin & Ethereum☆☆☆
Sale at Melt SHIPPED for BTC or ETh
At time of BIN also snapshot price of btc or eth
Price: Melt
Payment BTC or ETh within 20 min of BIN This will not work for me but it does work for those that get it..

 

seems cheaper stilll if paid by e chaeck, so why forget buying crypto, which could drop dramitacally overnight and just use an e'check, instead, and save even more, anyways?????

 

unless you're doing some other "business" and getting paid in crypto for some mysterious reason...

 

Old thread, I wonder who dug it up?!!

 

me, i have about 70 or so emails from ct i am going through

 

yes I have, Crypto can offer many advantages, discounts being one of them
moving forward the sky's the limit.

 

The sky is one limit; the ground is the other limit.

 

As I understand it, a "wallet" is just a place to keep the private key associated with your crypto address (which is like an email address); the other piece of the address is the public key that people use to transfer crypto to your address, or that identifies you when you send crypto to them. This doesn't have to be associated with your actual identity, although I think most wallet "services" do so to stay on the good side of law enforcement.

I'm skeptical about how high any particular crypto will go, but I think some forms of crypto will be with us for the long term, possibly longer than the current US dollar. (Or, more likely, the US dollar's implementation will eventually shift to something backed by a form of crypto.)

If I ever move into crypto in a big way, I'm going to want to manage my own "wallet", thank you very much. There are well-known cryptographic methods to take a secret and break it up into an arbitrary number of parts, where some subset is enough to reconstitute the original secret. So, I could store a secret in five different chunks, saved in five different places, where any three chunks are enough to recover the secret. I like that a lot better than "oops, Mt. Gox got hacked, your crypto balance is now entirely imaginary", or even "there went 20% of your wealth". Instead, it would be "oops, someone got one chunk of my distributed key, time to generate a new distributed hash and update the other four spots, plus find a new spot for the fifth chunk".

 

Most people exchange cash for crypto, at least initially. I would bet only a small percentage of crypto holders mine it themselves.

 

Would never do crypto. Hard Cash, slabbed investment coins, gold coins for me. Years ago a stripper at club tried sell me some crypto / get me finance her investment in it - seemed like a ripoff.

 

Lol! ...How many years ago?
Just to give you a sense of it...would've been like buying Microsoft on day one and then some!
Bitcoin...
2011 $1.00
2013 $350
2014 $530
2017 $8,100
2020 $10,944
Today $49k

 

Meanwhile you're still underwater on gold if you bought it at the high in 2011 which it hasnt reached again and even still under water if you bought it at the high in 1980 which it hasnt even reached again even over 40 years later

 

Maybe I’m not understanding what you wrote, but nobody who bought gold at its 1980 $760 high is “underwater” today, not even close.