OT Bitcoin, Blockchain and Cryptocurrency

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D-train
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Re: OT Bitcoin, Blockchain and Cryptocurrency

Post by D-train » Sat Apr 03, 2021 2:21 pm

I have never understood the intrinsic value of gold. Its only use is for jewelry. Will there be any demand for jewelry in the event of a meltdown of the monetary system and the ensuring chaos? I haven't bought jewelry since Lynda's engagement ring in 2005.
dt

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bpj
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Re: OT Bitcoin, Blockchain and Cryptocurrency

Post by bpj » Mon Apr 05, 2021 4:46 pm

D-train wrote:
Sat Apr 03, 2021 2:21 pm
I have never understood the intrinsic value of gold. Its only use is for jewelry. Will there be any demand for jewelry in the event of a meltdown of the monetary system and the ensuring chaos? I haven't bought jewelry since Lynda's engagement ring in 2005.
I agree.

I stacked silver for a few years and thought it would be the go to asset as they printed the dollar into oblivion. And here we are. No change.

Eventually, and thankfully, I sold off in a stagnant market and got into bitcoin in 2017.

I'm not sure gold and silver are even keeping pace with the decreased buying power of the dollar. Even at its highs recently, gold hasn't even been a very good store of value.

But it shuure is shiiiny!!
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bpj
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Re: OT Bitcoin, Blockchain and Cryptocurrency

Post by bpj » Wed May 05, 2021 3:43 pm

🤪
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DanielVogelbach
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Re: OT Bitcoin, Blockchain and Cryptocurrency

Post by DanielVogelbach » Wed Sep 08, 2021 8:39 pm

bpj wrote:
Mon Apr 05, 2021 4:46 pm
D-train wrote:
Sat Apr 03, 2021 2:21 pm
I have never understood the intrinsic value of gold. Its only use is for jewelry. Will there be any demand for jewelry in the event of a meltdown of the monetary system and the ensuring chaos? I haven't bought jewelry since Lynda's engagement ring in 2005.
I agree.

I stacked silver for a few years and thought it would be the go to asset as they printed the dollar into oblivion. And here we are. No change.

Eventually, and thankfully, I sold off in a stagnant market and got into bitcoin in 2017.

I'm not sure gold and silver are even keeping pace with the decreased buying power of the dollar. Even at its highs recently, gold hasn't even been a very good store of value.

But it shuure is shiiiny!!
The markets are manipulated. I've heard there are 100 claims to every physical ounce of silver. However, we may be on the brink of a major run.

Silver is a low risk / high-upside play. I have gone into physical bullion as well as mining stocks.

On the cryptos I like the privacy coins. (XMR, ARRR) However, I still have mostly BTC for now.

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bpj
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Re: OT Bitcoin, Blockchain and Cryptocurrency

Post by bpj » Tue Oct 12, 2021 3:54 am

Bitcoin went on a 50% off sale for awhile, has now crept back up near all time highs.

Between now and February I think it will go up to anywhere between $100,000 to $250,000. It may dip again before then, hope so. I'll buy more.

Just posting this so I don't have to say, "Wish I'd said..." when all is said and done.

This is about the point in the cycle I went all in about four years ago. Many alts have gone 100x since, meanwhile silver is about the same price as when I sold.

My biggest problem was being stubborn about selling the silver "before it went up" even though I kept watching crypto and realizing I was missing out on 10x's and 100x's while I was hoping for a 3x from silver.
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