Sold of My Entire Bullion Collection In Order To Purchase BitCoins

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

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I am not sure about dodge coin being one of the big 4 , remember the race
    is long, we have only mad it thru 1/4 so its not to late to reinvest ;)
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Being unregulated (at this time), I believe that it can be transacted peer-to-peer, which means it can be sold at any price the seller wants to ask, including at a discount to compensate for fees, or simply to make a quick sale.

    Being able to drop price to make a quick sale is one of the biggest reasons I would fear being the last one without a chair when the music stops . . . because those wanting to race for the exits will drop their price quickly and the most to be the first ones out at the first sign of danger.

    In that environment, drops are not gradual . . . they are precipitous. With tangibles, there is at least some residual utility if the price drops a lot. With BitCoin, there will be absolutely no residual value to it if the price collapses, so the exodus will be more emotional, and more dramatic.
  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    So I see your an optimist on the BTC format...LOL
  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yeah . . . big time.
  6. baseball21

    baseball21 Well-Known Member

    It's not even close hence the price. It does get a lot of publicity

    You mean like PMs and Coins or literally anything that exists on earth that can be sold?
    midas1 likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I am glad to hear it :) there should be more people like us that want to make the
    big bucks !
  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yes, the difference being that all else has residual utility. BitCoin is just . . . Nothing.
    midas1 likes this.
  9. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Was my sarcasm lost on you?
    midas1 likes this.
  10. baseball21

    baseball21 Well-Known Member

    The majority of things in life have value because humans say they do and no other reason. PMs have essentially no value at all other than because they're shiny and people like them.

    How many years are you going to keep repeating the same things? We're on page 89 now of an 8 year old thread of you guys saying the same stuff over and over and over. It's literally the same round about every time of it's bad because of x but x doesn't matter on things I like.

    Silvers been underwater for almost a decade now and bitcoin is up countless percentages. It's not that hard to figure out that times have changed. NFTs are doing a ton, cards are on fire, younger generations want crypto.

    Yea that was harsh, but it's really just getting insane at this point
    midas1 likes this.
  11. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    I've been in that camp since following Bitcoin @ $95/coin. I'm not so sure anymore, one way or the other. I can see both sides of the proverbial Bitcoin. Do I feel like I'm late to the game? Hell yeah, since $95. However, if it hits a quarter of a million dollars I could be saying it about $63k too.

    Based on the meteoric rise I'd have to say my entry would need to be into Eth or Lite. Even a couple grand could be worth it. Nothing that would break the bank but certainly enough to generate a possible ROI. Entry into Bitcoin at these prices doesn't make sense....for me. YMMV
    midas1 likes this.
  12. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Can you repeat that?
    midas1 likes this.
  13. baseball21

    baseball21 Well-Known Member

    What's there to repeat?
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    With some analysts predicting 4 times what it is now, you can still get in at a good price based on those figures, longer you wait, the higher the number goes.
  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    The more you pump it, the higher it goes before you dump it . . .
    midas1 likes this.
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    look to the experts ")
  17. Santinidollar

    Santinidollar Supporter! Supporter

    An unverified tweet that the US is going to crack down on Bitcoin and money laundering sends the price down 14 percent. I don’t see how any serious money can be invested in something that unstable.
    ToughCOINS and Jeffjay like this.
  18. baseball21

    baseball21 Well-Known Member

    A random tweet had nothing to do with the action.
  19. JPD3

    JPD3 Well-Known Member

  20. DBDc80

    DBDc80 Numismatist

    Im thinking of maybe pulling the trigger on the dip.....and i may be crazy....i just cant get the thought of these cryptos being akin to the beanie baby boom of the 90's. No, im not being a just struggling, seriously struggling to find the value.
    mpcusa likes this.
  21. midas1

    midas1 Exalted Member

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