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

[Evo]

$43 a week sign me up

In a post nuclear, economic graveyard of a planet, $43 a week would make you upper class!

[Simple Simon]

Why can't gold have a value?

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

great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?

[HTexan]

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.

Please Reread post. Hope this helps!

[SOMEPARTS]

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.

Trump derangement syndrome is real!

[gib]

China have now declared Bitcoins 'illegal'.

Wrong. They have declared icos illegal. Bitcoins are not icos and are being heavily mined and invested in by china.

[Evo]

great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?

Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.

[El Diablo Blanco]

I wonder how much bitcoin he has secretly accumulated over the years.

For every article for Bitcoins you can find 2 against.

[Simple Simon]

Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.

but you still have to exchange it for cash for it to have any value.

Thats my point...

[SOMEPARTS]

I wonder how much bitcoin he has secretly accumulated over the years.

When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.

[Mr Anabolic]

When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.

Schiff was right about the dot.com bubble and the housing bubble (while everyone on MSM laughed and made fun of him).  He his usually very early with his predictions, but his fundamental analysis is spot on.

[gib]

but you still have to exchange it for cash for it to have any value.

Thats my point...

Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.

[El Diablo Blanco]

Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.

Yes, on steroid sites or underground weapons and drug sites, maybe hire a hitman?

[Shizzo]

Yes, on steroid sites or underground weapons and drug sites, maybe hire a hitman?

That would be hilarious. Government agencies create Bitcoin. The Government tracks all Bitcoin transactions. The Government eventually tracks down illegal purchases (cause they created the infrastructure) and seizes all of the Bitcoins/money from those illegal sales. Government makes money.

Morons.

[Simple Simon]

Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.

no, retail stores want cash or credit transactions in currency, go and try and buy a snickers with bitcoin...

[Evo]

but you still have to exchange it for cash for it to have any value.

Thats my point...

So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?

[Simple Simon]

So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?

Everything we use in order to retain wealth has to be ultimately exchanged for a monetary figure in currency

I fail to see why you keep missing this obvious point.

try and put a value on something without using a monetary term,

[Marty Champions]

every medium of trrade will be taxed so a retail store cant accept bitcoin without federal tax legally , this is getting paid under the table and wont happen at a store

[El Diablo Blanco]

So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?

Think about this.  A bitcoin is worth $5000 dollars right?  People saying the dollar is dying.  So if the dollar dies then what is a bitcoin worth?  0$?

[Marty Champions]

Think about this.  A bitcoin is worth $5000 dollars right?  People saying the dollar is dying.  So if the dollar dies then what is a bitcoin worth?  0$?

its worth what people will give u for it duuuh

people will be stuck with bitcoin. u may get a person here or there selling a car or buisness with bitcoin , but it will be considered taxable income , theres no secretly exchanging assets...

[El Diablo Blanco]

its worth what people will give u for it duuuh

people will be stuck with bitcoin. u may get a person here or there selling a car or buisness with bitcoin , but it will be considered taxable income , theres no secretly exchanging assets...

Exactly, it's worth what someone will give you.  I laugh at the arguments claiming it's work X dollars yet they make the same claim the dollar is worthless and dying.  So that means the following in Falconeconomics

1 Bitcoin = $5000
$5000 = worthless shit paper
1Bitcoin = worthless shit paper

[Simple Simon]

Exactly, it's worth what someone will give you.  I laugh at the arguments claiming it's work X dollars yet they make the same claim the dollar is worthless and dying.  So that means the following in Falconeconomics

1 Bitcoin = $5000
$5000 = worthless shit paper
1Bitcoin = worthless shit paper

anything can be used as a medium of exchange as long as people have a belief in its value.

Money just replaces the barter system.

[Marty Champions]

people can make bitcoin 1million dollars a coin, however 99 percent of people who have a million dollar asset will not exchange for the bit coin

[El Diablo Blanco]

Wish I knew hookers who took bitcoin.  Buying it at $400 and being worth $5K means a lot of free whores.

[Evo]

anything can be used as a medium of exchange as long as people have a belief in its value.

Money just replaces the barter system.

So something can have value without resorting to monetary terms?

Ergo rendering your pervious post moot.

[Simple Simon]

So something can have value without resorting to monetary terms?

Ergo rendering your pervious post moot.

we can use bitcoins if everyone agrees they are valuable, unfortunately bit coins are worth $5000 each to some people and fuck all to others, a dollar is a dollar to everyone.