Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
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Wow, it took a long time, but I read every single post in this thread. Except those by the user I "ignored" at like page 26. I think it is good to hear the other sides opinion, it helps keep an open mind, which is very helpful when dealing with such a polarized asset like silver or BTC. I feel resorting to name calling and putting yourself in a rigid mindset are not helpful at all. I have ignored less than 10 users total on all my combined social media. Please feel free to ignore me in return.
"Bulls make money, Bears make money, Pigs get slaughtered"
I see crypto the same as dot com in 2000. Some saw that the internet was going to be the wave of the future. AOL had the lion's share of the market because they were the first out of the gate. The value was in the concept of internet, do things from home, have stuff (jobs, friends, merch.) come to your house. It was impossible to know who would become Amazon or Google. Those that did a lot of research had a much better chance at guessing the winners. Some of hose that took a chance, spread the risk, didn't margin or bet the farm, made something from next to nothing. 1k in AMZN during the bubble burst would be worth what now???
I believe the value is in the technology. Some form of computerized, non-counterfeitable, not infinitely inflatable, trackable, non-hackable, instant, form of accounting all monetary transactions is inevitable. (i do not like it)
I don't like having to use gas in my car because of environmental damage but I do.
There is a saying "Don't fall in love with your stock" this goes for BTC and also the inverse, don't hate/ignore it because you don't agree with it. Honestly the whole concept of fiat is in the exact same class as crypto to me, except crypto is harder to inflate.
The biggest threat to crypto is Quantum computing.
You can count on "them" the same "them" that suppresses metal with paper to support their ponzi. (interest on nothing) Using this to continue their control and position as king of the hill,
Just like catching the knife in 01 was extremely profitable, even in companies that went BK., There is money to be made in crypto in the coming years.
I lost about 10% on the silver I bought from JMBullion with crypto. It was a real loss because I sold it last month to buy another house to fix, then rent. Better than what I kept did by far. (EOS) and a few others.
I will only post this because anyone can say anything about what they did here on the internet.
This is archived, time stamped very brief summery of my thoughts on crypto as they progressed. I like to use charts to express thoughts, words are too limiting and cause the impression of knowledge of the outcome of an unknown probability.
I think it is OK to post this link as it is not a site with anything for sale at all.
MODS: if there is an issue, please tell me so I can edit it and not lose this post. TIA
For those that appreciate what i am trying to say, You know what to do.
To make it simple, posts 1 19 23 here.
Is that the track of the debris from the Columbia?
Too soon, man.
From which? The Columbia, or Bitcoin "investing"?
What can you buy with Crypto when there's nothing to buy? There is no intrinsic value in Crypto, but I admit much of the world's money has little to no intrinsic value anymore. As far as I can tell, Crypto is just a way to launder dirty money and if the money ever stops pouring in to prop up the price, there won't be any value in the Crypto. You might as well invest in beany babies.
I just laugh every time I hear about stockpiling anything as a hedge against the future. Past performance is in the past and no one knows the future, at least in the near future. The long term future is set up already.
That was true at first, (money laundering) but now there is much more of a paper trail. 3671
Fiat currency has no intrinsic value whether public or private. Both exist based on the hopes the demand will always support it's price. The full faith and credit of the US Government is also quite humorous now.
I wasn't talking about fiat, and I don't disagree with the above post, I have stated this exact thing for many years.
Separate names with a comma.