Sold of My Entire Bullion Collection In Order To Purchase BitCoins

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

  1. -jeffB

    -jeffB Greshams LEO Supporter

    If you're sitting on a block of dry ice, and pour a bucket of boiling water over your head, on average you'll be pretty comfortable. You should try it and see!

    (Okay, I can't resist: what caused silver to suddenly come into existence 5000 years ago, and what was its dollar price per ounce at that point?)
     
    slackaction1 and ToughCOINS like this.
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

  5. Michael K

    Michael K Well-Known Member

    Started the session at 7800 I think.
     
  6. ToughCOINS

    ToughCOINS Dealer Member Moderator

  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

  9. Michael K

    Michael K Well-Known Member

  10. juris klavins

    juris klavins Well-Known Member

  11. HawkeEye

    HawkeEye 1881-O VAMmer Supporter

    I still cannot figure out why I would want to own any investment where the price fluctuates wildly for no explainable reason, backed by nothing, processed by no identifiable body who is accountable for accuracy or backing. It still has the feeling of tulip bulbs, virtual electronic tulip bulbs, but still tulip bulbs.
     
  12. ToughCOINS

    ToughCOINS Dealer Member Moderator

    The only ones who truly want Bitcoin to "succeed" are the ones who care only that it succeeds long enough to make a killing on it and leave someone else holding the bag after they get out.

    That is not an investment, and it is certainly not safeguarding one's worth.
     
  13. baseball21

    baseball21 Well-Known Member

    That's not exactly true. Plenty want it to just like plenty think only PMs are real money and such. Realistically as has been pointed out time and time again in this thread and others the ones that are the biggest market are Asian countries and countries with very suspect banking.

    That said yes it is very volatile and not for the faint of heart. At this point it probably is mostly getting manipulated by governments trying to avoid sanctions and big money. Point was just that while it will likely never take much of a hold in the US, there are countries that have embraced the idea and it is more widespread than it is often portrayed as
     
    Last edited: Jul 26, 2020
    imrich and GoldFinger1969 like this.
  14. midas1

    midas1 Exalted Member

  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Okay, okay, I should have written "just about everybody who truly wants . . ."
     
    Kentucky likes this.
  16. baseball21

    baseball21 Well-Known Member

    Even that's not true. Am I telling people to go out and buy it, no not at all. But The reason this thread is so long is the complete misunderstanding of what it is and why it is. These same comments happened years ago and it came back
     
  17. Michael K

    Michael K Well-Known Member

    It's right around the 10,000 level.
    I didn't think it would come back to that. I blame corona.
     
  18. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    It's past 10k now.... it was over 10k early in the year before COVID was a big deal over here....
     
  19. Marshall

    Marshall Junior Member

    It has no intrinsic value. Only speculative value. So as long as you can find new suckers, you're good.
     
  20. goldcollector

    goldcollector Member

    I don't understand why people buy silver either
     
    midas1 likes this.
  21. goldcollector

    goldcollector Member

    It's up $5,600 since you stopped posting it's price (as soon as it started going back up of course). Meanwhile let's all get excited about a $4 increase in the price of silver. Lol. So much sour grapes when it comes to Bitcoin.
     
    midas1 likes this.
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