Anyone ever buy Bullion with Crypto?

Discussion in 'Bullion Investing' started by Gam3rBlake, Feb 16, 2021.

  1. juris klavins

    juris klavins Well-Known Member

    Best idea - maximum discount + payments with personal checks are not considered cash transactions (not reportable on IRS Form 8300)
    Dynoking likes this.
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  3. johnyb

    johnyb Member

  4. johnyb

    johnyb Member

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

    Kentucky Supporter! Supporter

  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think by doing the math, you will come to your own conclusion, if your
    really hardcore about saving a buck.
  7. Gam3rBlake

    Gam3rBlake Well-Known Member

    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.
  8. manny9655

    manny9655 Well-Known Member

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