Sold of My Entire Bullion Collection In Order To Purchase BitCoins

Ok. I am going to test this by using a variety of avatars to help the board determine what is acceptable avatars and what is not based on what happens with the admin review of his Beck avatar.

 

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I want to help the board determine a clear policy on what is or is not acceptable. So we'll start with this.

 

No, it is my concern. It is every member's concern to know what the rules are, why they exist, and how they are applied. We need to know what they are and how they work so we can follow them. We also need to know that they are fair and applied equally so that we can feel a part of this community. If the rules are unequal and unfair, people will leave the forum.

 

Apologies.

 

Cool

 

Ageist!

Able-ist!

 

$6,367.61

 

$6,008. How long is this pump and dump going to continue?

 

6112

I'm glad I sold out last fall.
quite a rise unseen by many investments I've ever worked on.

 

If there is a resistance (I doubt it) we would see some kind of support at 5,000.

 

The one thing I couldn't figure out with Crypto is how do you determine resistance, or fair value?

I was day trading in it and making some money, but it's not really based on anything concrete? How does one determine it's actual value ?? There's no revenue stream, no standard financials related to it like a stock/fund.

It just kinda exists.

 

It exists because one buys on the hope you can sell it to someone higher. That’s it and it alone.

 

Thanks, Tyler, for wishing us a wonderful April Fool's Day. The Bad News is - the joke's on you. April Fool's Day was celebrated over 4 months ago !!!

 

The first post is from 5 years ago.
$6,050.03

 

Hello everyone! I see the convesation got all kinds of sidetracked with politics and other nonsense Quick update:

I understand the OP was an April Fools joke but the OP was April 1, 2013. BTC was approximately 100 usd / btc (https://www.forbes.com/sites/timoth...ated-history-of-bitcoin-crashes/#2a41cc6c4039)

Let's say the original poster of this thread just dipped his toes into btc and sold one ounce of gold and put the proceeds in bitcoin. Spot gold was 1,380 USD per ounce, so spot for spot OP would have 1380/100 = 13.8 btc at time of original post. Current value is 13.8 btc x 6734 usd = 92,929 USD. Now there was no guarantee that would work out, and there was definitely big risk he would lose his 1380 usd, and he could have panic sold 3 weeks later on the crash to 50. But if it was an amount he could afford to lose and he just tucked it away, oh my.

The ounce of gold is currently worth 1,206 usd