Sold of My Entire Bullion Collection In Order To Purchase BitCoins

Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.

  1. TheFinn

    TheFinn Well-Known Member

    The proverbial "Falling Knife".
     
    asheland likes this.
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

  4. Gilbert

    Gilbert Part time collector Supporter

    Got hosed in 2009. Once burned .....
     
  5. Santinidollar

    Santinidollar Supporter! Supporter

    I made some well-timed sales before the swoon. Good luck I suppose. They had gotten to the hoggish stage.

    Tomorrow’s hazard is when the hedge funds and other assorted idiots who have been playing the market on borrowed money start getting margin calls. They’ll have to dump winners and losers to raise the cash.
     
  6. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yeah, we should probably expect gold to take a hit tomorrow to cover positions in equities.
     
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  7. Michael K

    Michael K Well-Known Member

    1 Bitcoin equals
    7385.01 US Dollar
     
  8. Clawcoins

    Clawcoins Well-Known Member

    if I still owned Bitcoin, I wouldn't try trading it on the platforms. It would sit there.
    I'd use it to buy Gold or something and let the vendor deal with it (such as Apmex that accepts it). Nice Silver Monster box or something.
     
    juris klavins and TheFinn like this.
  9. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood Supporter

    Or you could just HODL....
     
    Santinidollar likes this.
  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    $6161

    HODL . . . what's that? Hold On for Dear Life?
     
    juris klavins and longshot like this.
  11. TheFinn

    TheFinn Well-Known Member

    Exactly! Spend them on a stable asset, of which the FRN is not.
     
  12. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood Supporter

    $7934

    An "on purpose, kinda" misspelling of "hold" - first coined in the altcoin sphere in 2013 & later said to imply "Hold On for Dear Life". It reinforces the financial concept that you don't sell in a Bear Market. You ride it until the bitter end, or the price comes back up. (Hint: Crypto prices usually comes back up.)​
     
  13. juris klavins

    juris klavins Well-Known Member

     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Stocks usually come back up, too, but I've ridden a couple of those into craters.

    I don't think crypto has been around long enough to talk about "usually". Ten years may seem like forever by today's cultural standards, but I've got a mutual fund I've been holding since 1983...
     
  15. Santinidollar

    Santinidollar Supporter! Supporter

    Me too and I’m too old to repeat that. So I used the strong market this afternoon to sell and lock in some profits, not buy.
     
  16. Michael K

    Michael K Well-Known Member

    Not saying there is a tie in, but the last few days when the stock market was down so was BC, and when it was up, also.
    1 Bitcoin equals
    8338.67 US Dollar
     
  17. Santinidollar

    Santinidollar Supporter! Supporter

    I noticed that, too. Beyond happen chance, I would be at a loss since I don’t really understand what makes bitcoin owners tick.
     
  18. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Had to look this up because I use happenstance, not happenchance or happen chance. :cool:
     
    Santinidollar likes this.
  19. Michael K

    Michael K Well-Known Member

    1 Bitcoin equals
    8150.01 US Dollar
     
  20. Santinidollar

    Santinidollar Supporter! Supporter

    Beware the wash trade. You wash trade stocks and you’ll be washing the laundry at Leavenworth. Absolutely nothing to keep it from happening with cryptocurrencies.
     
  21. Gilbert

    Gilbert Part time collector Supporter

    1 Bitcoin = $7652.02 USD
     
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