Bitcoins - about to hit $5,000 per coin today!

[Simple Simon]

Goodrum was right, although I don't know if he informed the board how much he invested in Bitcoin.

Food for thought: an investment of $18,000 in Ethereum in July of 2016 is worth a million dollars today. 

All last summer I told everyone to invest in Ethereum.  Did anyone listen?  I seem to doubt it.

and how much did you invest and how much is it worth now?

[calfzilla]

and how much did you invest and how much is it worth now?

Enough to live life on his own terms 

[MAXX]

Bitcoin is high because it's the only alternative currency for black market/tax evasion right now.

Once another(or more)  alternative free currencies becomes viable bitcoin will plunge.

This can happen any time. I'd say sell now...

[muscleman-2017]

lol, its not the coins themselves that have value its the peoples belief in the coins, it doesn't matter if the coins themselves don't even exist.

You could replace Bitcoins with Bogies for all the difference it makes.

you do realize your analogy also applies exactly to USD fiat right.....

in fact btc is more UNIQUE than fiat money, and has a CAP on how much can be produced...  (unlike USD fiat)

[Simple Simon]

you do realize your analogy also applies exactly to USD fiat right.....

in fact btc is more UNIQUE than fiat money, and has a CAP on how much can be produced...  (unlike USD fiat)

yet without USD bitcoin is totally worthless.

Try and put a value on Bitcoin without referring to currency.

[Evo]

Can bitcoin be cashed out in gold/silver/platinum...

Pure gold no currency?

[Simple Simon]

Can bitcoin be cashed out in gold/silver/platinum...

Pure gold no currency?

Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst

[manuelsonn]

 .

[muscleman-2017]

Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst

Currency DOES NOT give gold it's value.  Currency is simply a way to purchase gold.

Similar with btc.

[Evo]

Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst

Gold's value transcends currency.

I mean if it all goes tits up globally, the ones with gold will hold the 'wealth'...

Could bit coins be cashed directly for gold then they are safe? 

If you have to go bitcon >>> currency >>> gold then as a currency is involved it's fragile.

[Simple Simon]

Gold's value transcends currency.

I mean if it all goes tits up globally, the ones with gold will hold the 'wealth'...

Could bit coins be cashed directly for gold then they are safe? 

If you have to go bitcon >>> currency >>> gold then as a currency is involved it's fragile.

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

[Mr Anabolic]

LUL

That's not me. 

[Mr Anabolic]

I own metals as insurance but again, they are not everything. Silver at $15-17 fine, gold at $1300+ I would not call cheap unless you listen to Peter Schiff everyday. If you think metals going sideways is a better buy than land since 2011 I disagree. Geography dictates land value, but where I am acreage 1-2 hours from a major metro is being bought like crazy for hunting/bugout cabins.

Again, PM's are historically very, very undervalued at current levels.  If you don't think so, fine... buy all the overpriced land you can get.  Good luck to you.

[Mr Anabolic]

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

The people who are not immediately killed will not live through that anyway. 

Gold has the 5000+ year track record of being a store of value... no digital beanie baby can touch that.

[Evo]

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.

[Simple Simon]

I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.

and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.

[Evo]

and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.

So gold has only had value since the stock markets opened, didn't know that.

[Evo]

What were soldiers paid with in days gone by?

What did banks lend against?

What backed currency across the globe?

Oh yeah those worthless lumps of metal...

[El Diablo Blanco]

Hindsight can make anyone look smart.  Just post about 10 different stocks or currencies that will go up, wait a year and cherry pick the one you were right about and brag about how smart you are.

Bitcoins are popular for a couple reasons.  Weapons and drugs.  With Trump creating such instability in this world, people are hoarding weapons and using drugs to numb themselves.

[HTexan]

Cash, Gold, Bitcoin only have value if people decide it has value.

So , if government fails as the monetary system is fucked, bitcoins value are valued in dollars, without dollars to base it on how much is a bit coin worth.

Its exactly the same with Gold, Gold is valued at $x per ounce, so without the dollar Gold is worth what?

You realize that dollars are a US currency right?

[Griffith]

China have now declared Bitcoins 'illegal'.

[El Diablo Blanco]

How useful with bitcoins be when there's a nuclear war and electricity is down, cell towers don't work etc...? How are you going to access them to trade?

[Simple Simon]

You realize that dollars are a US currency right?

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

[Evo]

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

[lightweight]

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

$43 a week sign me up