Sold of My Entire Bullion Collection In Order To Purchase BitCoins

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

  1. EdThelorax

    EdThelorax Active Member

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  3. EdThelorax

    EdThelorax Active Member

  4. Michael K

    Michael K Well-Known Member

  5. EdThelorax

    EdThelorax Active Member

  6. Michael K

    Michael K Well-Known Member

    [​IMG]
    Bitcoin Price
    (BTC)$3,423.85
     
  7. Silver Eagle

    Silver Eagle Member

    .
     
    Last edited: Jan 28, 2019
  8. Santinidollar

    Santinidollar Supporter! Supporter

    If CNBC is any indication, Bitcoin is toast. They used to talk about it so much, I sent them an email of complaint
    as if that would do any good.

    I haven’t heard any chatter about it for eons. I guess the bulls they let promote it are gone.
     
  9. Michael K

    Michael K Well-Known Member

    It's still pretty high. It's not even worth $100 to me, and I don't care how much time and energy it takes to mine one.
     
  10. JPeace$

    JPeace$ Coinaholic

    Cryptocurrency in general has no real chance of becoming mainstream. No major economic power is going to give up the right to manipulate it's economy by turning over the keys to the castle. Without the ability to control money supply, a government would be hand-cuffed.

    Crypto's can be useful in those countries which have wildly fluctuating/unstable currency, so there is a place for it.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    ...until your exchange's CEO dies and takes the master passwords with him:

    https://arstechnica.com/information...lion-as-founder-takes-passwords-to-the-grave/

    Whatever you may think of the concepts and technologies behind cryptocurrencies, putting your money into something where this can happen seems like the definition of insanity to me.
     
    Michael K and JPeace$ like this.
  12. JPeace$

    JPeace$ Coinaholic

    Now that's damn funny. May he RIP, but yes, crypto's are very speculative.

    Just for the record, I don't believe in them for mainstream commerce, but there is a place for them, albeit a small place.
     
  13. Marshall

    Marshall Junior Member

    I agree. Hiding money from illegal activities is a small place. It should be very risky.
     
    JPeace$ likes this.
  14. midas1

    midas1 Exalted Member

  15. Santinidollar

    Santinidollar Supporter! Supporter

  16. midas1

    midas1 Exalted Member

    Last edited: Mar 8, 2019
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