Sold of My Entire Bullion Collection In Order To Purchase BitCoins

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

  1. Santinidollar

    Santinidollar Supporter! Supporter

    Author, author!
     
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  3. Michael K

    Michael K Well-Known Member

    I am not bullish or bearish on silver.
    But one day in the future there will be no such thing as Bitcoin,
    but there will still be silver.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    "Make new friends, but keep the old;
    One is Bitcoin, the other, gold..."
     
  5. CoinCorgi

    CoinCorgi Derp, derp, derp!

  6. imperial-coin

    imperial-coin New Member

    The guy who bought BITCOIN will eventually lose it all. Beware of these so called investments .
     
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  7. ripple

    ripple Member

    Nah, we’ve switched to infomercial copy coins, where the real money is.

    Edit to say welcome.
     
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  8. Marshall

    Marshall Junior Member

    Just for collectors Mint issued coins are not much better.
     
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  9. ripple

    ripple Member

    @imperial-coin, just to be clear, I think this thread was started as a joke some time back and newbs like us have kept reviving it for 67 pages.
     
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  10. Michael K

    Michael K Well-Known Member

    Again, it has been seriously discussed for the last few years, even if it started
    as a joke.
     
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  11. Marshall

    Marshall Junior Member

    I've always considered Crypto a joke, but some really are true believers.
     
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  12. ripple

    ripple Member

    I agree but we never know I guess. If I had the loose change I’d gamble on it. I admit that I don’t understand it.
     
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Oh, we'll know eventually. We just don't know in advance, which is the knowledge that would be useful. :rolleyes:
     
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  14. Michael K

    Michael K Well-Known Member

    When you turn around and all your money is gone,
    then you will know.
     
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  15. goldcollector

    goldcollector Member


    Yes it was started as a joke but the joke was on the silver crowd as usual. Silver has fallen some 50% while Bitcoin has exploded. 100 ASES converted to Bitcoin that day would be worth over a million dollars today. Left in silver it's a near $2000 loss. The silver crowd is wrong 100% of the time.
     
  16. Marshall

    Marshall Junior Member

    This is the siren song of everyone in a pyramid scheme before it crumbles. The people at the top of the pyramid continue extolling the virtues of the investment and those at the bottom are left broken.
     
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  17. goldcollector

    goldcollector Member


    You seem a little sour that you didn't convert a roll of ASES over to Bitcoin on the day you signed up at cointalk. You would be a millionaire.

    I have been hearing the silver crowds "it's just about to crash" since it was $100. Meanwhile hoards of millionaires have taken millions off the table and will still have the last laugh even if it falls to $1000.

    Meanwhile silver still falls short of $20 even after all the years of promises and downright lies.
     
  18. goldcollector

    goldcollector Member

    Yeah those idiots are millionaires now.
     
  19. Marshall

    Marshall Junior Member

    I've never been pro silver as an investment. When it's low, it is a good hedge against an economic downturn. I bought silver in the 90s under $4 and Gold under $400. I did not expect to MAKE MONEY on the investments, even if I did. They had intrinsic value. A floor as a commodity is it's intrinsic value. Investors always screw up the intrinsic value of items.

    A bitcoin has an intrinsic value which is about the same as that of a washer. When investors stop wetting themselves and discover these have no intrinsic value and no productive value. We'll talk.
     
  20. Marshall

    Marshall Junior Member

    As with any pyramid scheme, those who SELL before the fall make the money off those who PURCHASE before the collapse. You only win if somebody else loses because nothing new has been created. It's totally immoral. But you're free to be a PIG.
     
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  21. Marshall

    Marshall Junior Member

    By the way, there are financially astute pigs who sell enough while the pyramid is stable to protect their risky investment. That way they are playing with house money. But those paper millionaires tend to ride the scheme to the ground.
     
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