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<p>[QUOTE="Prime Mover, post: 2662047, member: 38783"]I only quoted this part, but your whole post hits the nail on the head.</p><p><br /></p><p>"money" is a concept. It's a representation of some sort of intrinsic value put on either a possession, or a fruit of labor. Anything can be used as money - hey, can you come fix my brakes and I'll buy you beer and pizza? Yep, "money". When no one wants/needs what you have to sell anymore, it ceases to have value of any sort.</p><p><br /></p><p>To be completely honest, I started mining bitcoins to see if I could eventually turn that into acquiring PM's without needing to spend my US Fiat on them... then I could turn around and sell my PM's as/if needed for whatever funds I required at the time, or pass on to my kids if they need it. I achieved my initial goals already, and now I can sit on some, get my popcorn, and see what happens.</p><p><br /></p><p>The old stocks addage is correct - you only gain or lose when you liquidate something, it's only a number on paper until then.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2662047, member: 38783"]I only quoted this part, but your whole post hits the nail on the head. "money" is a concept. It's a representation of some sort of intrinsic value put on either a possession, or a fruit of labor. Anything can be used as money - hey, can you come fix my brakes and I'll buy you beer and pizza? Yep, "money". When no one wants/needs what you have to sell anymore, it ceases to have value of any sort. To be completely honest, I started mining bitcoins to see if I could eventually turn that into acquiring PM's without needing to spend my US Fiat on them... then I could turn around and sell my PM's as/if needed for whatever funds I required at the time, or pass on to my kids if they need it. I achieved my initial goals already, and now I can sit on some, get my popcorn, and see what happens. The old stocks addage is correct - you only gain or lose when you liquidate something, it's only a number on paper until then.[/QUOTE]
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