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

[Mr Anabolic]

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.

True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  

[Marty Champions]

True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  

gold hell no

silver slim chance

[SOMEPARTS]

True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  

If silver goes to $500 then hyperinflation is fully in play. There will be unprecedented social unrest within a day or two walking distance of any metro locale for a looooong time. At that point you'd be better off with acreage with a pole building full of liquor, canned food and tobacco(and firearms). People are going to be worried about feeding themselves and looting, not kicking themselves over coins. You've been in the city lately right? Metals are insurance, the 10x gains you note as fact are as speculative as crypto. Ten percent of your net worth in them is fine but dumping all your capital into a manipulated asset is no better than the BTC story to me. Sitting around thinking how far ahead you are lording over everyone someday because you have some metals is short sighted. Again, I went through the Mike Maloneys and Peter Schiffs already in the mid 2000s and I don't discount them completely - but they sell what they talk about.

[Marty Champions]

food feul and fucking

[Mr Anabolic]

If silver goes to $500 then hyperinflation is fully in play. There will be unprecedented social unrest within a day or two walking distance of any metro locale for a looooong time. At that point you'd be better off with acreage with a pole building full of liquor, canned food and tobacco(and firearms). People are going to be worried about feeding themselves and looting, not kicking themselves over coins. You've been in the city lately right? Metals are insurance, the 10x gains you note as fact are as speculative as crypto. Ten percent of your net worth in them is fine but dumping all your capital into a manipulated asset is no better than the BTC story to me. Sitting around thinking how far ahead you are lording over everyone someday because you have some metals is short sighted. Again, I went through the Mike Maloneys and Peter Schiffs already in the mid 2000s and I don't discount them completely - but they sell what they talk about.

Yes... water, food, guns, ammo, liquor, etc. will all be very valuable after a collapse.  Ammo would be worth more than gold in a Mad-Max scenario. 

I have no wish to "lord over" anyone, I just want to protect the last 35 years of my labor.  To preserve wealth and purchasing power, G&S are the only option.  To say precious metals are no better than BTC is ludicrous.  Bitcoin is speculative digital electrons in cyberspace, but G&S are real assets with a 5000+ year track record.  Yes, the prices are manipulated (held down), but the manipulation won't last forever.  Maloney and Schiff were recommending G&S long before they started selling it.

As I have said already, asset prices rise and fall in cycles.  Everything is at the top of it's cycle except for G&S. 

[Marty Champions]

housing in higher n higher demand

[Mr Anabolic]

housing in higher n higher demand

Current housing prices are very overvalued and not sustainable.  Most major cities are in bubbles.  Hasn't popped yet, but the air is definitely starting to coming out.   

[SOMEPARTS]

Yes... water, food, guns, ammo, liquor, etc. will all be very valuable after a collapse.  Ammo would be worth more than gold in a Mad-Max scenario. 

I have no wish to "lord over" anyone, I just want to protect the last 35 years of my labor.  To preserve wealth and purchasing power, G&S are the only option.  To say precious metals are no better than BTC is ludicrous.  Bitcoin is speculative digital electrons in cyberspace, but G&S are real assets with a 5000+ year track record.  Yes, the prices are manipulated (held down), but the manipulation won't last forever.  Maloney and Schiff were recommending G&S long before they started selling it.

As I have said already, asset prices rise and fall in cycles.  Everything is at the top of it's cycle except for G&S. 

I never said BTC is on par with metals, just making the point that saying it's going to $500 is similar to people saying BTC is going to 1 million per coin. It's not based in fact at this point....highly speculative feel good stuff to say. The truth is we don't know if everything is at the top of a cycle because the numbers aren't real. For all the doom talk out there -they can keep inflating as long or longer than a normal person can remain solvent. Look at Japan in the last 20 years. That zombie just continues on in stagflation.

BTC down about $235 today on China crack downs. The exchanges are the weak link in crypto. At some point people who hold it will be begging for centralized exchange and oversight to get their money, mark my words.

[El Diablo Blanco]

doesn't bitcoin depend on the internet and computers to transfer and use?  Do you really think that if a nuclear war hits and EMPs are used that you'll still have your phone or PC to transfer and use them?  All digital currency will be useless.  Those bitcoins will only be useful for other people that use bitcoins.

[Disgusted]

doesn't bitcoin depend on the internet and computers to transfer and use?  Do you really think that if a nuclear war hits and EMPs are used that you'll still have your phone or PC to transfer and use them?  All digital currency will be useless.  Those bitcoins will only be useful for other people that use bitcoins.

Bitcoins will be the last thing people will worry about if an EPM hits. Nothing will work. Food and water will be the first thing people will need and then shelter. Of course most Getbiggers will have an underground mansion stocked with everything needed plus an assortment of random whores to keep them busy.

[Shizzo]

Water, food, and bullets. That appears to be the currency of the future.

[sync pulse]

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  

The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...

[Mr Anabolic]

The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...

I used to trade myself and I was pretty decent at it.  I made more money than I lost, which is the whole key to successful trading.  Leverage is great when you're on the correct side of the trade, but when you not... yikes.  I know people who got totally wiped out during the day-trading mania of the late 90's.

Regarding physical vs paper gold, the only thing I have to say is... if you don't have it, you don't own it.

[SOMEPARTS]

Bump for the $600 drop on one China story.

[Disgusted]

Down to $3,425.00 down $1,277.81 since last week.

[Simple Simon]

Down to $3,425.00 down $1,277.81 since last week.

Getbiggers influence the value of bitcoins.....

[Disgusted]

Getbiggers influence the value of bitcoins.....

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

[HTexan]

North Korea is buying a shitload.

[Dave D]

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

Lol

X2

I tried to pay for my groceries and apparently whole foods doesn't accept bitcoins.

[Nails]

I remember Goodrum saying he had 20 computers in his house running 24 hours a day mining for bitcoins

[El Diablo Blanco]

Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

[Mr Anabolic]

Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

It's a Ponzi scheme, a tulip bulb and a Beanie Baby all in one package.  The two most powerful emotions are greed and fear.  The greed phase is winding down.  Very soon, many bitcoin devotees are going experience fear first hand... they'll all want out at the same time... like a fire in a movie theater.  Most will perish (i.e. lose a majority of their money).  The last ones in on the Ponzi scheme always lose the most.

[Nails]

Johnny come lately buys high, prices fall, loses hundreds or thousands sells sells sells someone just made a nice profit to score some more illegal shit off the deep web.

[HTexan]

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

Very very easy to buy, harder to find places to spend.
1.) Google bitcoin ATM in your area. Be careful though, some are in shady parts of town. Where people buy that don't want to be on camera.
2.) I recommend downloading coinbase on your phone and buying that way. Easy and you can monitor pricing. 
But don't keep on there, if you are going to buy any real amount, invest in a hardware wallet. I like keepkey but there are many on the market.

[foreleft]

what is BCH? Calvin Ayre keeps talking about bch exploding and bitcoin going extinct