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Getbig Main Boards => Gossip & Opinions => Topic started by: Coach is Back! on January 22, 2018, 09:51:43 AM
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https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/
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focus on the tech, not currency
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focus on the tech, not currency
Unless you bought the currency
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Unless you bought the currency
tard time aside.... houston – we've got a fuking problem here, lol. look into the tech
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tard time aside.... houston – we've got a fuking problem here, lol. look into the tech
Unless you bought the currency.
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tard time aside.... houston – we've got a fuking problem here, lol. look into the tech
Bro the "tech" is nothing "new", it's Apple/Samsung pay. Except it's "anonymous" ::)
People have been paying without cash since the 1800s, when the local general store or tavern would let customers keep weekly tabs, then people used checks and credit cards. Real money is the backer behind these, as it is with Bitcoins. And like everything else someone will figure out a way to manipulate,hack,counterfeit, make it non secure over time.
And why weren't people concerned when a payment method fluctuated continually?
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Bro the "tech" is nothing "new", it's Apple/Samsung pay. Except it's "anonymous" ::)
People have been paying without cash since the 1800s, when the local general store or tavern would let customers keep weekly tabs, then people used checks and credit cards. Real money is the backer behind these, as it is with Bitcoins. And like everything else someone will figure out a way to manipulate,hack,counterfeit, make it non secure over time.
And why weren't people concerned when a payment method fluctuated continually?
what r u trying to say?
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what r u trying to say?
I'm asking what are you saying? What's the revolutionary tech with bitcoin?
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Bitcoin might be done,although I doubt it.I believe it has a few more bull runs in it.
Ethereum on the other hand will blow the fuck up.As will litecoin.
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I'm asking what are you saying? What's the revolutionary tech with bitcoin?
Oh, lol,, sorry... blockchain... look into the blockchain
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Oh, lol,, sorry... blockchain... look into the blockchain
Gotcha, thanks.
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I hope it does "collapse." The crypto-currency fan boys are very annoying.
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I hope it does "collapse." The crypto-currency fan boys are very annoying.
Oh don't worry, it will. Already lost 50% since the day it hit 20K a couple weeks back. When the last 'greater fool' buys, the Ponzi fails.
Pro-blipcoin gib post in 3... 2... 1...
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Yep I pulled all my money out of bitcoin and bought gold. ::)
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Gotcha, thanks.
I have to tell ya, dave d... I feel that our interaction here today has been meaningful, beneficial and definitely memorable.
if u have no further questions - I quit this forum until my next post. I say that cuz I plan to go on a booze binge. bye
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Sold Saturday night when the India story hit. Glad I did.
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I have to tell ya, dave d... I feel that our interaction here today has been meaningful, beneficial and definitely memorable.
if u have no further questions - I quit this forum until my next post. I say that cuz I plan to go on a booze binge. bye
I completely agree. I'm educating myself on blockchain. I hope you enjoy your Monday intoxication. Be safe big Z.
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I completely agree. I'm educating myself on blockchain. I hope you enjoy your Monday intoxication. Be safe big Z.
Dave D - U.. R.. one of the good ones. I've never said that before... so - I suggest that u grasp the magnitude of such a compliment.
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https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/
the origin of bitcoin is online gambling b/c gamblers weren't able move money through western union, moneygram and amazon gift cards any longer. that has ponzi scheme written all over it. top sharks have collected while bottom-dwellers keep filling the gaps with their money. when i use to toy with 5 times several yrs ago, it was there but i over-looked it, should have dumped 10k in it and stole idiots' money
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Seems like Dot Com shit all over again. When people buy stock just to sell it again, what does that tell you It's worthless because it's backed by nothing but the hope that some bigger moron will take it off your hands for more than you paid for it and he's hoping he can do the exact same thing? It's kinda like buying futures that have no real future.
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Bitcoin is like that old fighter that gets knocked down and keeps getting up and coming back for more.
I don't think it's over by a long stretch.
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Bitcoin is like that old fighter that gets knocked down and keeps getting up and coming back for more.
I don't think it's over by a long stretch.
of course it isn't going anywhere b/c the backbone is the multi-billion dollar illegal online gambling business, but the system still needs feeder guppies for the surplus. gamblers trade a dollar for a dollar but what are the virtual traders really trading, their real cash for monopoly money?
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Yep I pulled all my money out of bitcoin and bought gold. ::)
Someday all bliptards will wish they did this.
Gold is good, but silver has a higher profit potential. VERY undervalued.
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Seems like Dot Com shit all over again. When people buy stock just to sell it again, what does that tell you It's worthless because it's backed by nothing but the hope that some bigger moron will take it off your hands for more than you paid for it and he's hoping he can do the exact same thing? It's kinda like buying futures that have no real future.
It is the dot.com shit all over again, just packaged differently. Regarding any Ponzi bubble, it's never different this time, it's just the story that changes.
You just described "the greater fool" principle. When the last greater fool buys, the bubble collapses. The 2 main emotional drivers in human beings are greed and fear. When these emotions overtake people, critical thinking and logic is thrown out the window. I would estimate that 70-80% of the population is not even capable of critical thinking, most simply follow the herd.
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the tech is worthless, just third party database software.
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don't really know much about crypto currency but from what i gather the bitcoin price has previously been rising at a crazy rate. this drop is probably more of a correction than a "collapse". only people that got into it very recently will likely have been really hurt.
could be completely wrong ,just going on bits and bobs i've read here and there.
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the dallas mavericks are accepting bitcoin at their arena next season
E
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Someday all bliptards will wish they did this.
Gold is good, but silver has a higher profit potential. VERY undervalued.
Neither are worth anything. Hell even bitcoin can be used to make payments but gold or silver can not be used to buy stuff.
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Neither are worth anything. Hell even bitcoin can be used to make payments but gold or silver can not be used to buy stuff.
Wrong. PMs can be used to buy back paper cash.
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Bitcoin might be done,although I doubt it.I believe it has a few more bull runs in it.
Ethereum on the other hand will blow the fuck up.As will litecoin.
Lol@litecoin blowing up.There are more coins out there than btc, eth,ltc and ripple.I can name 10 coins superior to litecoin as a currency alone.Eth could very well get overtaken this year by 3rd gen blockchains, eth is 2nd gen.
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I would estimate that 70-80% of the population is not even capable of critical thinking, most simply follow the herd.
I "would estimate" (::)) 95% of "the population" thinks the same thing.
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11k as I write this. Hardly a "collapse" ::) It seems that many expect it to rise indefinitelly to whatever "height" they thought it will rise. It must be a USABLE unit of wealth first, and it's value should increase secondc understanding of the principle, it still baffles me a little bit.
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Wrong. PMs can be used to buy back paper cash.
So can a Rolex or a painting but you can't directly buy anything with a lump of gold or silver. At least with bitcoin you can purchase goods and you can use an ATM machine to convert bitcoin to cash.
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Lol@litecoin blowing up.There are more coins out there than btc, eth,ltc and ripple.I can name 10 coins superior to litecoin as a currency alone.Eth could very well get overtaken this year by 3rd gen blockchains, eth is 2nd gen.
Yes but until they are put on Coinbase they will not get as high as the popular ones.I know there are many other good cryptos and I have a bunch of them but still think Ethereum and litecoin are gonna blow up.
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So can a Rolex or a painting but you can't directly buy anything with a lump of gold or silver. At least with bitcoin you can purchase goods and you can use an ATM machine to convert bitcoin to cash.
Okay... my debit/credit card serves the same exact purpose.
Gold and silver are a storage of wealth, value and labor... and they always will be. Why this makes some people so mad and aggravated is puzzling to me.
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A-hole bitcoin miners f*cked up the bloody pc component industry. That's from a consumer standpoint. Manufacturers are laughing all the way to the bank.
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I "would estimate" (::)) 95% of "the population" thinks the same thing.
Not sure what you're getting at here, but oh well.
Common sense in not common. Most people I know in bad financial situations is due to poor choices they made in their lives. Observe them, learn from their mistakes and don't follow the herd. It's really that simple. You save yourself a lot of time, stress and most of all... money. Do you dispute this?
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Neither are worth anything. Hell even bitcoin can be used to make payments but gold or silver can not be used to buy stuff.
I never understand people who quote gold and silver as having value, without a form of currency to convert it to its worth nothing.
Currency/cash gives gold and silver its value, people are conned into believing its the other way around...
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I never understand people who quote gold and silver as having value, without a form of currency to convert it to its worth nothing.
Currency/cash gives gold and silver its value, people are conned into believing its the other way around...
lol
Very naïve and ignorant statements here. You have a lot to learn.
Gold and silver have been money for 5000+ years.
Banks and world governments do not hoard paper cash, they hoard gold and silver. Gee, I wonder why that is?
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lol
Very naïve and ignorant statements here. You have a lot to learn.
Gold and silver have been money for 5000+ years.
Banks and world governments do not hoard paper cash, they hoard gold and silver. Gee, I wonder why that is?
so you will be able to tell me what an ounce of Gold is worth without mentioning a form of currency/medium of exchange then wont you?
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so you will be able to tell me what an ounce of Gold is worth without mentioning a form of currency/medium of exchange then wont you?
It's worth much more than $1350 USD, that's for sure.
Gold's value is the constant. It's the currency that is being devalued into oblivion because it's created from nothing and not backed by anything. When the USD was backed by gold, the currency was very stable, so was the gold price.
Instead of debating with me in a subject you know NOTHING about, you need to go learn about monetary history.
If you think gold is worthless, why worry about it? Just go ALL IN on Blipcons and sit tight.
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https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 (https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100)
Ten years....and no valuable use for the blockchain.
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I'd say a good amount of your posts on the Politics Board are links to news sites with no input on how you feel. I'm not a mind reader, although I can infer from your leanings what you may think.
Goes for this forum as well.
Anyways, they're building a mining facility near me now as well as more places. Supposedly as long as it stays above $6k it's viable.
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It's worth much more than $1350 USD, that's for sure.
Gold's value is the constant. It's the currency that is being devalued into oblivion because it's created from nothing and not backed by anything. When the USD was backed by gold, the currency was very stable, so was the gold price.
Instead of debating with me in a subject you know NOTHING about, you need to go learn about monetary history.
If you think gold is worthless, why worry about it? Just go ALL IN on Blipcons and sit tight.
Look , you keep missing the point, Gold experts always do, for you to do anything with your gold you have to exchange it for a medium of exchange, the medium of exchange gives the gold its value.
You have a ton of gold sitting in your cellar, you want to buy a new car, so, you hack of a bit of gold and go to the car showroom, now, do they give you a car in exchange for that gold, no they tell you to go and change it for cash.
Do you think the federal reserve relies on Gold?
they have around $203.3 billion worth of gold and only between 2 and 5% of that belongs to the USA, the rest they sold to foreign countries for fiat currency, which is currency backed by the government that created, not the amount of Gold they own.
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Look , you keep missing the point, Gold experts always do, for you to do anything with your gold you have to exchange it for a medium of exchange, the medium of exchange gives the gold its value.
You have a ton of gold sitting in your cellar, you want to buy a new car, so, you hack of a bit of gold and go to the car showroom, now, do they give you a car in exchange for that gold, no they tell you to go and change it for cash.
Do you think the federal reserve relies on Gold?
they have around $203.3 billion worth of gold and only between 2 and 5% of that belongs to the USA, the rest they sold to foreign countries for fiat currency, which is currency backed by the government that created, not the amount of Gold they own.
Welcome back UK Jeff.
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Look , you keep missing the point, Gold experts always do, for you to do anything with your gold you have to exchange it for a medium of exchange, the medium of exchange gives the gold its value.
You have a ton of gold sitting in your cellar, you want to buy a new car, so, you hack of a bit of gold and go to the car showroom, now, do they give you a car in exchange for that gold, no they tell you to go and change it for cash.
Do you think the federal reserve relies on Gold?
they have around $203.3 billion worth of gold and only between 2 and 5% of that belongs to the USA, the rest they sold to foreign countries for fiat currency, which is currency backed by the government that created, not the amount of Gold they own.
isnt the problem that the fed does not rely on gold since nixon closed the gold window and ended bretton woods.
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isnt the problem that the fed does not rely on gold since nixon closed the gold window and ended bretton woods.
as long as people have faith and trust in the system of creating money its fine.
When people lose interest or governments fail to instil confidence in the money supply then your fucked.
We could use anything as a medium of exchange, as long as people believe it has value and they can also exchange it for goods and services then its acceptable, shiny pebbles and tally sticks for example...
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Okay... my debit/credit card serves the same exact purpose.
Gold and silver are a storage of wealth, value and labor... and they always will be. Why this makes some people so mad and aggravated is puzzling to me.
Really? How so?
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Look , you keep missing the point, Gold experts always do, for you to do anything with your gold you have to exchange it for a medium of exchange, the medium of exchange gives the gold its value.
You have a ton of gold sitting in your cellar, you want to buy a new car, so, you hack of a bit of gold and go to the car showroom, now, do they give you a car in exchange for that gold, no they tell you to go and change it for cash.
Do you think the federal reserve relies on Gold?
they have around $203.3 billion worth of gold and only between 2 and 5% of that belongs to the USA, the rest they sold to foreign countries for fiat currency, which is currency backed by the government that created, not the amount of Gold they own.
No, but that is the main reason why all fiat currencies are worth less and less as times goes by.
We do not truly know how much gold the US has. There hasn't been a audit of Fort Knox since the mid-50's.
The question you should be asking is why do countries even have gold reserves? Because gold is a stable store of value... whatever currency it's dominated in. The amount of fiat cash you are getting per ounce of gold only increases with central bank printing. More printing = more currency devaluation.
Seems you are trying to make a case for holding dollars that depreciate instead of something stable that retains value. That doesn't make any sense.
FYI, I once traded a 1oz gold coin for a vintage guitar.
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Really? How so?
The quick, simple answer?...
Because 5000+ years of monetary history says it is.
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holding gold/silver for hedging inflation is fine. 1980 at $6/ounce is three times that today at close to $18/ounce. So its 3 x in 37yrs.
I pick a median house price of 100k for 1980 and its 2M 37yrs later. 20x return.
So, sure PMs go up but so do other asset classes.
The silver bubble in 2011/2012 was to small. barely hit what it peaked at 30yrs prior. Inflation should have had it pegged closer to 200/ounce but it's so corrupt the cut it down early.
Playing in PMs the banks are on the other side so they strangle it in their favour so the returns are limited to pretty much whatever currency inflation does.
It doesnt do banks any good to let PMs fly up as seen in the last silver spike that couldnt even better the previous one 30yrs ago. Metals are good for banks and govts to run countries.
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No, but that is the main reason why all fiat currencies are worth less and less as times goes by.
We do not truly know how much gold the US has. There hasn't been a audit of Fort Knox since the mid-50's.
The question you should be asking is why do countries even have gold reserves? Because gold is a stable store of value... whatever currency it's dominated in. The amount of fiat cash you are getting per ounce of gold only increases with central bank printing. More printing = more currency devaluation.
Seems you are trying to make a case for holding dollars that depreciate instead of something stable that retains value. That doesn't make any sense.
FYI, I once traded a 1oz gold coin for a vintage guitar.
the main supply of Gold in the USA isnt even in Fort Knox...
Jeez, go Google and clue yourself up.
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the main supply of Gold in the USA isnt even in Fort Knox...
Jeez, go Google and clue yourself up.
Wherever they say they are holding the gold... there has been NO audit and there NEVER will be.
You picked on this point because you have nothing else. Very weak. You cannot debate me and win. Admit it.
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Wherever they say they are holding the gold... there has been NO audit and there NEVER will be.
You picked on this point because you have nothing else. Very weak. You cannot debate me and win. Admit it.
you still havent told me how much an ounce of Gold is worth without discussing a currency.
And you never will... ;)
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holding gold/silver for hedging inflation is fine. 1980 at $6/ounce is three times that today at close to $18/ounce. So its 3 x in 37yrs.
I pick a median house price of 100k for 1980 and its 2M 37yrs later. 20x return.
So, sure PMs go up but so do other asset classes.
The silver bubble in 2011/2012 was to small. barely hit what it peaked at 30yrs prior. Inflation should have had it pegged closer to 200/ounce but it's so corrupt the cut it down early.
Playing in PMs the banks are on the other side so they strangle it in their favour so the returns are limited to pretty much whatever currency inflation does.
It doesnt do banks any good to let PMs fly up as seen in the last silver spike that couldnt even better the previous one 30yrs ago. Metals are good for banks and govts to run countries.
Housing prices are allowed to rise because banks make trillions off all the mortgage loans. Insurance companies make billions too. Government makes a killing from the RE taxes and the list goes on and on.
Silver is one of the most undervalued assets on the planet right now. Extremely undervalued. Banks cannot hold the G&S prices down forever. You can act or do nothing, it's entirely up to you.
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as long as people have faith and trust in the system of creating money its fine.
When people lose interest or governments fail to instil confidence in the money supply then your fucked.
We could use anything as a medium of exchange, as long as people believe it has value and they can also exchange it for goods and services then its acceptable, shiny pebbles and tally sticks for example...
Read the book the fourth turning
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you still havent told me how much an ounce of Gold is worth without discussing a currency.
And you never will... ;)
People have traded gold for "things" other than currency many, many times in history when there were financial upheavals. Don't make me make you look stupid, please.
Another Gib gimmick perhaps?
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People have traded gold for "things" other than currency many, many times in history when there were financial upheavals. Don't make me make you look stupid, please.
Another Gib gimmick perhaps?
stop dodging the question, gold has no value to you until you exchange it for cash, how are you going to get a haircut or a quart of milk, gold shavings perhaps?
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stop dodging the question, gold has no value to you until you exchange it for cash, how are you going to get a haircut or a quart of milk, gold shavings perhaps?
Gold has no value huh? lol
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Gold has no value huh? lol
of course it has value, its value is how much you can get in currency when you exchange it.
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of course it has value, its value is how much you can get in currency when you exchange it.
2 posts above this, you said gold has no value. lol
Another Gib gimmick.
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2 posts above this, you said gold has no value. lol
Another Gib gimmick.
stop waffling, it has value based on currency, take away the currency then how much an ounce is it?
The currency gives it value...
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The graph of Bitcoin prices is in the shape of a classic bubble.
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The graph of Bitcoin prices is in the shape of a classic bubble.
a classic bubble?
as opposed to a mens open class bubble?
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a classic bubble?
as opposed to a mens open class bubble?
Textbook bubble.
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Housing prices are allowed to rise because banks make trillions off all the mortgage loans. Insurance companies make billions too. Government makes a killing from the RE taxes and the list goes on and on.
Silver is one of the most undervalued assets on the planet right now. Extremely undervalued. Banks cannot hold the G&S prices down forever. You can act or do nothing, it's entirely up to you.
Silver isnt undervalued. It is under speculated.
Yes they can hold prices down because they hold virtual warehouses. Thats why it hasnt done shit for 6yrs and why its underspeculated. The banks cut the legs off it so nobody plays.
Sprott still spruiks the shit out of silver but he hasnt been right about anything since the housing crash.....7yrs of making wrong calls with wrong timelines. The US has probably 20yrs until govt debt is an issue. The govts will then forgive debt to avoid hyperinflation. He still hangs onto the old economic playbook which isnt followed anymore. it is corrupt. it is fucked with. they will not allow it to crash. Soooo join the party lol.
The ultimtate irony is people buy silver with fiat. they measure the growth of silver in fiat. to be able to buy something and realise that wealth growth they sell the silver to get fiat lol.
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The ultimtate irony is people buy silver with fiat. they measure the growth of silver in fiat. to be able to buy something and realise that wealth growth they sell the silver to get fiat lol.
its the same with gold, fiat currency gives it value, without currency as a medium of exchange gold and silver have no value attached.
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2 posts above this, you said gold has no value. lol
Another Gib gimmick.
It's Be There.
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The quick, simple answer?...
Because 5000+ years of monetary history says it is.
AH no. People used to trade salt and other spices for goods doesn't make gold worth anymore. Our money is not backed by gold or silver anymore.
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bit coin sucks, i have bought and sold it before, now it costs alot just to make a transaction, and you really cant buy much of anything with it, not like i can go to sams club or the grocery store and pay in bit coin, bitcoin got big because criminals liked to use it, now that the goverments are stepping in, bitcoin will not be so hot anymore, the shit is useless
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The market determines the value of everything.
Gold is just a shiny rock. Same as a diamond.
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The market determines the value of everything.
Gold is just a shiny rock. Same as a diamond.
A diamond IS just a pure carbon rock. Metals have utility. Well, diamonds do also but I don't see anybody crushing up 3 carat stones to make diamond saw blades.
Silver is one of the most varied use commodities in the world, that has also happened to be money for the past 5000 years...up until 1913 and then again in 1964 in fact. They convinced people it was a good idea to use worthless non-backed paper as money and now they are convincing people that 1s and 0s are money. Most gold is stored as bullion or used for jewelry but silver is used up in production of goods.
People who bash metals don't have enough assets to understand how they are insurance and a hedge against inflation that is stored outside of the banking system. You SHOULD have 10% of your net worth in them. If you have no net worth you can play the Bitcoin lottery...
Oh and by the way - this thread is a Gib-free zone.
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The market determines the value of everything.
Gold is just a shiny rock. Same as a diamond.
Oh the irony - on this thread Mr A is trying to explain and justify why something inherently valueless has value. Hilarious example of self-owning considering his comments about bitcoin...
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Well, well....BTC must be up a little today.
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In 1963 my parents paid £325 for their house, today its worth £100,000
If they had bought 20 ounces of gold (at $35 an ounce) it would now be worth around $20,000
Yep, Gold is a real solid investment...
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In 1963 my parents paid £325 for their house, today its worth £100,000
If they had bought 20 ounces of gold (at $35 an ounce) it would now be worth around $20,000
Yep, Gold is a real solid investment...
Gib 2nd gimmick confirmed. Not healthy to talk to yourself.
I have crypto. About the amount I'd be willing to blow on a week trip to Vegas. I'm not impressed. All my spam email is about buying crypto just like like the same spam I got in 2006 about flipping houses.
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Oh the irony - on this thread Mr A is trying to explain and justify why something inherently valueless has value. Hilarious example of self-owning considering his comments about bitcoin...
Gold is used in semiconductors and computer chips and diamonds are used for saw disks which are essential for cutting certain materials. They both contribute to production and manufacturing.
Gold has been used for thousands of years as a currency and store of value.
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Oh the irony - on this thread Mr A is trying to explain and justify why something inherently valueless has value. Hilarious example of self-owning considering his comments about bitcoin...
eh diamonds and gold are used for more then just jewelry... Electronics and cutting for example
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Well, well....BTC must be up a little today.
Up over the last 24 hours you mean? Perhaps though I haven’t checked. But for sure up significantly over the last 3 months, year, 3 years, 5 years etc. And of course has significantly outperformed gold over any of these periods.
Yes both gold and crypto do have some functional utility (as do rocks and pieces of wood and bananas). But this is not what drives their value. Rather they both act as stores of wealth and as such have a dependency on the collective value that others place on them.
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Up over the last 24 hours you mean? Perhaps though I haven’t checked. But for sure up significantly over the last 3 months, year, 3 years, 5 years etc. And of course has significantly outperformed gold over any of these periods.
Yes both gold and crypto do have some functional utility (as do rocks and pieces of wood and bananas). But this is not what drives their value. Rather they both act as stores of wealth and as such have a dependency on the collective value that others place on them.
cryptocurrencies contribute nothing to society
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cryptocurrencies contribute nothing to society
Lol! Lol! Lol! That is one of the silliest comments I have heard for a while. Please do a little research. But either way they contribute far far more than gold’s “contribution to society” (which is primarily to look shiney and to be heavy”.
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Lol! Lol! Lol! That is one of the silliest comments I have heard for a while. Please do a little research. But either way they contribute far far more than gold’s “contribution to society” (which is primarily to look shiney and to be heavy”.
(https://media1.tenor.com/images/43a4ceaf69090a4cf5085aca1a09df4c/tenor.gif?itemid=7189438)
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Silver is one of the most varied use commodities in the world, that has also happened to be money for the past 5000 years...up until 1913 and then again in 1964 in fact. They convinced people it was a good idea to use worthless non-backed paper as money and now they are convincing people that 1s and 0s are money. Most gold is stored as bullion or used for jewelry but silver is used up in production of goods.
The problem is gold/silver has been outperformed by..... well, everything for decades. If you purchased a Corvette in the mid 1970s you would have a better return on investment than silver (approx 5x vs 3x).
When the day happens when we see a tv priced in ounces of silver, you have a point. So something that has never happened in our lifetime you are saying will happen when?
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The problem is gold/silver has been outperformed by..... well, everything for decades. If you purchased a Corvette in the mid 1970s you would have a better return on investment than silver (approx 5x vs 3x).
When the day happens when we see a tv priced in ounces of silver, you have a point. So something that has never happened in our lifetime you are saying will happen when?
Again, you are confusing risk/profit investing to an instrument that has an economic insurance value with no counterparty risk. The stock market has outpaced the value of a life insurance policy in those terms - does that mean you shouldn't have life insurance as well? Not everything is about profits if you have capital to protect.
Saying you can go back in time and buy something that outperforms metals or any other market is cherrypicking data and using hindsight to confim your own bias. Silver was $6 only 15 years ago so I could do that as well. Could it go back to $6? Maybe, but most likely not based on real demand both and actual mining cost. Either way if it stays at $16-17 forever it doesn't matter to me.
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Saying you can go back in time and buy something that outperforms metals or any other market is cherrypicking data and using hindsight to confim your own bias. Silver was $6 only 15 years ago so I could do that as well. Could it go back to $6? Maybe, but most likely not based on real demand both and actual mining cost. Either way if it stays at $16-17 forever it doesn't matter to me.
50yrs of being outperformed by everything is cherry picking data?
You are muddling yourself saying you are happy if it stays at $16 forever effectively never providing any profit and being outperformed by everything, again. Yet you get upset when it's pointed out it has been a crap investment compared to others long term.
You are a doomsday prepper. Just say you are buying silver only for the event of when the global fiat system collapses, civil war errupts, computers crash. That's fine btw, Just come out and say it because you sound like a whackjob trying to skirt around it. Saying 50yrs of data is cherry picked is crazy talk.
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50yrs of being outperformed by everything is cherry picking data?
You are muddling yourself saying you are happy if it stays at $16 forever effectively never providing any profit and being outperformed by everything, again. Yet you get upset when it's pointed out it has been a crap investment compared to others long term.
You are a doomsday prepper. Just say you are buying silver only for the event of when the global fiat system collapses, civil war errupts, computers crash. That's fine btw, Just come out and say it because you sound like a whackjob trying to skirt around it. Saying 50yrs of data is cherry picked is crazy talk.
if that happens why would silver be worth anything, without a medium of exchange in place its just a lump of metal.
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if that happens why would silver be worth anything, without a medium of exchange in place its just a lump of metal.
Why wouldnt it?
Why do you think exchanges for metals would vanish?
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if that happens why would silver be worth anything, without a medium of exchange in place its just a lump of metal.
I agree. I only have some gold and silver in the hopes that it goes up so I can sell it and make a profit. If it gets really bad, I would speculate that bread/bullets would be much more well received/valuable.
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I have a few thousand dollars, face value, of silver coins. I've read somewhere that old silver coins are worth 3x face value based on weight. Might be old data. Either way, they were my great grandmothers and I ended up with them.
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50yrs of being outperformed by everything is cherry picking data?
You are muddling yourself saying you are happy if it stays at $16 forever effectively never providing any profit and being outperformed by everything, again. Yet you get upset when it's pointed out it has been a crap investment compared to others long term.
You are a doomsday prepper. Just say you are buying silver only for the event of when the global fiat system collapses, civil war errupts, computers crash. That's fine btw, Just come out and say it because you sound like a whackjob trying to skirt around it. Saying 50yrs of data is cherry picked is crazy talk.
Well, sounds like nobody is upset but you. I expect ignorance if I were to start discussing annuities but the willful doubting of metals by some is just puzzling because the value there is so simple. Just speaks to the fact that the continued beating down of sentiment has worked. Again, it's financial insurance. It's not money I intend to spend. It's not money I need to pay bills.
As I said, I hold multiple types of assets including some crypto. I can tell you that metal in the safe doesn't require checking if my app wallet password still works daily or checking the price every hour like crypto does right now. Just old time value that nobody can do anything to other than the paper markets suppressing prices...which again is fine because I still buy now and then.
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Mr. BLIPCONS TO ONE MILLION! (and those like him) just like to argue... chasing their tails... round and round they go. He's trying very hard to stay relevant. Too late. He's outed himself with his absurd claims, contradictions, lies and multiple gimmicks.
The price of blipbulbs will continue to fall with time. It will never make new highs. As I said many weeks ago, blipcons are played out. The whales desperate defense of $10K area is so obvious.
The morons here who are claiming that gold and silver are not valuable are just spewing verbal diarrhea. They completely ignore 5000+ years of monetary history. Notice how bliptards get so butthurt and defensive against anyone who pokes holes in their new religion. It's quite amusing. That is what manias do to people. Remember... fear and greed.
The hate of precious metals and hard money advocates seems to be peaking. Many previous G&S advocates have capitulated, dumped their PMs and bought blips with it. Now, people are pumping blipcoins/cryptos on bodybuilding forums and claiming that gold is worthless. Those are fantastic contrary indicators.
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Mr. BLIPCONS TO ONE MILLION! (and those like him) just like to argue... chasing their tails... round and round they go. He's trying very hard to stay relevant. Too late. He's outed himself with his absurd claims, contradictions, lies and multiple gimmicks.
The price of blipbulbs will continue to fall with time. It will never make new highs. As I said many weeks ago, blipcons are played out. The whales desperate defense of $10K area is so obvious.
The morons here who are claiming that gold and silver are not valuable are just spewing verbal diarrhea. They completely ignore 5000+ years of monetary history. Notice how bliptards get so butthurt and defensive against anyone who pokes holes in their new religion. It's quite amusing. That is what manias do to people. Remember... fear and greed.
The hate of precious metals and hard money advocates seems to be peaking. Many previous G&S advocates have capitulated, dumped their PMs and bought blips with it. Now, people are pumping blipcoins/cryptos on bodybuilding forums and claiming that gold is worthless. Those are fantastic contrary indicators.
Gold and silver stopped being used as a common medium of exchange years ago mate.
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Gold and silver stopped being used as a common medium of exchange years ago mate.
It's still used as a way to store wealth or as an investment.
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Gold and silver stopped being used as a common medium of exchange years ago mate.
Yeah "mate", so forgot about G&S.
BUY BLIPCOINS INSTEAD!
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It's still used as a way to store wealth or as an investment.
Oh, wealth smealth. Blipcoins to $100,000!... shortly after that they'll hit $1 MILLION !
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arguing the value of gold is like arguing the shape of earth... a waste of time.
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arguing the value of gold is like arguing the shape of earth... a waste of time.
stopwatches are a waste of time..
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Ethereum still hanging tough and challenging $1200.
Will be interesting to see if it can maintain and ultimately build upon that .1 price ratio versus Bitcoin(currently @ 11,400)
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Ole boy loses his life savings investing in Bitconnect: "My heart is hurting. These people need to pay, they did us wrong"
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feel free to post pictures of mansions, cars etc
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feel free to post pictures of mansions, cars etc
I refuse to log in until lets say 2020
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Goodscum buying houses, cars and shit....
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didnt one guy from here talk about how he was buyung a home in that pedo compound the bitcoin guy is building in PR
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didnt one guy from here talk about how he was buyung a home in that pedo compound the bitcoin guy is building in PR
:o WTF
I can but hope that poster is no longer on here.
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Not good lately - it dropped off massively. I think something like a 60% drop since January - with YouTube ad revenues dropping off 64% after Trump's election [when the powers that be realized that they no longer controlled the presidency].
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ripple is .53
i had the chance to get in at around .15-.25 cents in August, they didnt accept credit cards so i didnt do it, i saw it run up to 3.50 a piece and i wanted to die. i never would have sold it, i was have let it run forever. now it is .53 cents.
after about jan 15th, they peaked and have stalled out, now big banks are shorting it and ruining it.
i do feel the crypto currencies are ahead of their time - maybe in years and years it will come into play, but the general public newbie making $100k on it, those days are gone. the ship sailed
i was going to buy $4000 worth
$4000 and .20 a share = 20,000 units
assume sold at peak $3.50 = $70k value
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ripple is .53
i had the chance to get in at around .15-.25 cents in August, they didnt accept credit cards so i didnt do it, i saw it run up to 3.50 a piece and i wanted to die. i never would have sold it, i was have let it run forever. now it is .53 cents.
after about jan 15th, they peaked and have stalled out, now big banks are shorting it and ruining it.
i do feel the crypto currencies are ahead of their time - maybe in years and years it will come into play, but the general public newbie making $100k on it, those days are gone. the ship sailed
i was going to buy $4000 worth
$4000 and .20 a share = 20,000 units
assume sold at peak $3.50 = $70k value
Yes, we know...you've told this story several times now.
I love the ad for Bitcoin on the radio...."what color do you want your LAMBO?" hahaha.
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I know someone who part of a start up called "bitcoin energy" it was an energy drink with bitcoin as the logo...
came out march 2018.... too late
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:o WTF
I can but hope that poster is no longer on here.
here is a look at it, look up brock pierce and follow the cookie crumbs
"Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public."
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html
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Crypto is the future and will be huge.who cares about the dips,it happens along the way and will continue to happen.end result will be huge.
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one of the guys who was one of the big wigs at DEN runs bitcoin
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your bitcoin god
(https://static01.nyt.com/images/2018/02/04/business/04CRYPTOHAVEN-3/merlin_131890454_4b0cfece-7ca6-4558-bb9d-c406e5af7017-superJumbo.jpg?quality=75&auto=webp&disable=upscale)
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your bitcoin god
(https://static01.nyt.com/images/2018/02/04/business/04CRYPTOHAVEN-3/merlin_131890454_4b0cfece-7ca6-4558-bb9d-c406e5af7017-superJumbo.jpg?quality=75&auto=webp&disable=upscale)
Looks like a guy that runs a shell game table in an alley.
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ripple is .53
i had the chance to get in at around .15-.25 cents in August, they didnt accept credit cards so i didnt do it, i saw it run up to 3.50 a piece and i wanted to die. i never would have sold it, i was have let it run forever. now it is .53 cents.
after about jan 15th, they peaked and have stalled out, now big banks are shorting it and ruining it.
i do feel the crypto currencies are ahead of their time - maybe in years and years it will come into play, but the general public newbie making $100k on it, those days are gone. the ship sailed
i was going to buy $4000 worth
$4000 and .20 a share = 20,000 units
assume sold at peak $3.50 = $70k value
Yeah, ripple was our big investment because we were worried the cryptocurrency train was passing us by. We did about $8000 in ripple and $4000 in bitcoin end of last year when ripple was about $1.50. :'( There was supposed to be some news about the asian markets coming out in February that could have given us a substantial gain. I knew it was risky, so we approached this investment with more of a willingness to lose than with the rest of our portfolio. Like the other poster said, i haven't even logged into my accounts since the purchases. I'm hoping it will be one of those stories where I discover this substantial investment I forgot about a few years down the road, but I'm not holding my breath. I agree that the gold rush is probably over, but a more grounded view of the actual benefits of cryptocurrency (as opposed to just an investment opportunity) will probably replace it.
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feel free to post pictures of mansions, cars etc
are you one of those jealous people that hated seeing people like me who made 6 figures in Bitcoin?
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are you one of those jealous people that hated seeing people like me who made 6 figures in Bitcoin?
Most people don't hate lottery winners but they don't give them credit either.
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Most people don't hate lottery winners but they don't give them credit either.
I guess you were not one of the Bitcoin winners either huh? LMAO
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your bitcoin god
(https://static01.nyt.com/images/2018/02/04/business/04CRYPTOHAVEN-3/merlin_131890454_4b0cfece-7ca6-4558-bb9d-c406e5af7017-superJumbo.jpg?quality=75&auto=webp&disable=upscale)
monster triceps
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I guess you were not one of the Bitcoin winners either huh? LMAO
Had a good bit at $700 but got out when 5k seemed ridiculous. Felt lucky when I got out. Feel lucky again not to be in it, haha.
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Bitcoin is still above $ 6,3700 - for those who bought it below the 5K mark, whatever. It was the suckers that bought it above 10K who thought it would be going up and up... whatever...
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Bitcoin is still above $ 6,3700 - for those who bought it below the 5K mark, whatever. It was the suckers that bought it above 10K who thought it would be going up and up... whatever...
Issue with crypto right now is that it's pegged to the BTC, it goes down, everything else drops immensely.
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https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/
Do you get all your news from tabloids? Wait we know the answer. You are such a dumb midget fuck. :-\
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Issue with crypto right now is that it's pegged to the BTC, it goes down, everything else drops immensely.
BTC is still the major gateway to transfer currency to buy into other alts so makes sense.
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I've made 6 figures from 4 figure investment to date. Was in usd at 9700 btc price, bought more at 5800. Trading alts just scalp 6-10% on multiple small trades per day. Adds up. When I get buried in an alt I just stash it and wait. Hasn't hurt me too bad yet if I wait enough.
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States with legal weed can't used the weed money because it is still against the law at a federal level. Colorado is using bitcoin to basically filter their weed money.
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.
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Bitcoin will eventually replace all currency.
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Bitcoin will eventually replace all currency.
;D ;D ;D
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.
But she still infected you, you poor bastard 😷
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But she still infected you, you poor bastard 😷
If you're talking about the girl with herpes thread, that was El Diablo Blanco, not me. :D
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If you're talking about the girl with herpes thread, that was El Diablo Blanco, not me. :D
You are infected ..and stop pretending that you’re not. You are a walking Disease
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You are infected ..and stop pretending that you’re not. You are a walking Disease
Go take your pills.
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So bitcoin hasn't jumped the shark yet?
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.
Somebody is going to get a visit by the IRS very soon. ;D
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Bitcoin will eventually replace all currency.
Yes it will
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Yes it will
Nah, US is a cashless nation right now. Bitcoin will end up just be a currency to used when traveling, online, or places that are shady and you don’t want your credit card info stolen.
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I propose a New currency based on Deuterium Oxide (Heavy Water...value nearly a thousand dollars a quart)...I call it the "Deut"
Edit: A Candu Reactor needs a buttload of the stuff...
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(((Goldstein)))
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Your average bitcoin investor probably lost everything.
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I bet Goodrum is kicking himself for abandoning his bitcoin mining venture years ago.
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The biggest pump and dump in history. Crap. A cleaner at my job keeps raving about his coin picks. At first it was Electroneum, then Mark.Space, then Co-vesting. The first 2 are virtually worthless. Covesting is heading there. He made 2000 percent during the pump up, and has given almost the whole thing back. Everyday he keeps talking about the explosion coming. Poor bastard.
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The biggest pump and dump in history. Crap. A cleaner at my job keeps raving about his coin picks. At first it was Electroneum, then Mark.Space, then Co-vesting. The first 2 are virtually worthless. Covesting is heading there. He made 2000 percent during the pump up, and has given almost the whole thing back. Everyday he keeps talking about the explosion coming. Poor bastard.
Yes, even the 'Wolf of Wall Street' said he would stay from this, biggest pump and dump in history.
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I don't follow this trend (obviously) but a while back there was some "hot pick" that was supposed to take off big time due to the fact it was being backed by the british pound.
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The biggest pump and dump in history. Crap. A cleaner at my job keeps raving about his coin picks. At first it was Electroneum, then Mark.Space, then Co-vesting. The first 2 are virtually worthless. Covesting is heading there. He made 2000 percent during the pump up, and has given almost the whole thing back. Everyday he keeps talking about the explosion coming. Poor bastard.
I'm surprised that that annoying kvnt who kept pushing magic gas pills and that tired cash for gold scheme hasn't pisted 45 minute youtube videos and walls of text to "enlighten" GetBig.
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Unfortunately, I'm not in crypto yet. I know it's been a mistake to avoid Bitcoin so far. Some of my friends earn pretty fine by speculating on Crypto Currency. They tell me their transactions can take hours, and the market can move extremely quickly, but nevertheless they won't quit. I have been just trying to learn the market and read tons of info from the informative resources like cryptolinks (https://cryptolinks.com/). My next step would be investing in a small part of Bitcoin this month.
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States with legal weed can't used the weed money because it is still against the law at a federal level. Colorado is using bitcoin to basically filter their weed money.
Holy cow, really? What were they doing up until bitcoin was around, hasn’t weed been legal there since before crypto?
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Bought 4 btc at 3500.Recently so doing good on btc.Xrp is where it’s at though so crypto for me is doing good..Bought xrp at .22-.25 so sitting double.
Both are gonna do extremely well so I’m long on both.Dont care about ups and downs.
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Great way to start off the new year....cant believe how high that shit went
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Great way to start off the new year....cant believe how high that shit went
What are you planning to do with the newfound wealth Vince?
Assuming you went long, your capital gains taxes are likely floating around 15%. This tells me that you've likely got a generous amount of pocket change to work with moving forward.
What are your plans moving forward? Looking at any major acquisitions?
"1"
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how much did you earn Melvino?
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What are you planning to do with the newfound wealth Vince?
Assuming you went long, your capital gains taxes are likely floating around 15%. This tells me that you've likely got a generous amount of pocket change to work with moving forward.
What are your plans moving forward? Looking at any major acquisitions?
"1"
I'm not too worried about the capital gains taxes as its not something I need to deal with until next year. I'm going to use a small portion to redo my living room (I'll post pictures in a few weeks). Most of it is going to the bank but I'm going to do a buy on g999 crypto as its going to go up. I'm also going to do a withdrawal on Ethereum as it went up 10% but I didn't have that much so I'm going to move that also to g999 crypto.
I also decided to move from Freebay over to GS Partners due to a lot of associates not receiving their purchased products and gold released. Fortunately I only have 5 grams of gold stuck in limbo. Its still the same game as I'm still showing people how to get started in bitcoin and other cryptocurrency. I'm telling you guys that you should get the g999 crypto because its going to be the next big thing. I'm converting over my website and buffer so I'm sending people to www.beermoney.info to get registered.
Its going to be a good year
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how much did you earn Melvino?
A little over 1500 dollars yesterday but what I do is basically been scrap off the profit amount and just leaving the base principal.
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Well done Vince. Are you planning on spending that $1500 on anything interesting?
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1500 !!
Jesus bro your rich !!
I made that on Sunday’s games
I see a brand new 30 year old washing machine set in your future !!
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It’s gonna go a lot fucking higher.This is gonna be an epic crypto year.
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Keep buying boys
Cause it’s gonna drop like it’s hot and my shorts will get me a carrera
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1500 !!
Jesus bro your rich !!
I made that on Sunday’s games
I see a brand new 30 year old washing machine set in your future !!
1500 made just in one day, you fucking blockhead. I've owne d bitcoin for years...🙄
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Keep buying boys
Cause it’s gonna drop like it’s hot and my shorts will get me a carrera
Bitcoin will no doubt come down and the alts will go crazy.then they will all go up.I see 2-3 trillion market cap this year pretty easy.
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probably sold his bitcoins to the homewrecker!
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Well done Vince. Are you planning on spending that $1500 on anything interesting?
Epic not reading two posts above.
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Keep buying boys
Cause it’s gonna drop like it’s hot and my shorts will get me a carrera
Bullshit.
XFagtor 2.0
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992 carrera s
Biiiiatch
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1500 made just in one day, you fucking blockhead. I've owne d bitcoin for years...🙄
A whole 1500 eh
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Another day another million...
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its intereesting that those who make nothing bark the loudest
hey melly mel
stop living in a tin can on wheels
if owned a significant amount of btc you would be bragging about your life style
not working for verizon as some slave, being called moon monkey by your customers
buy btc now. sell it before end of February which it will dip down to 17-11k (right now its the pre pump then dump 4 weeks from now)
then you will have 20-30k and can have a down payment on a actual house that has a foundation, not wheels
you could get a 5 percent down loan well maybe not in your case cause your assets you own are nothing, which is your main learning problem
youll never get anywhere until you own things of value, going cheap will create more cheap
but no one ever accused a F ag of having good sense
or keep telling us how to stay broke
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(https://coinmod.com/wp-content/uploads/2020/12/Bitcoin-millionaire-1024x576.jpg)