Bitcoin Forum

So I am by no means jumping off the bitcoin bandwagon also in no way am I saying that they are going to fall anytime soon (nor do I want them to) But I would like to be realistically prepared for when they do. So my question is what are some good investments to put my money inthey can be digital currency or so other kind of soild currency  when the bitcoin begains to fall preferably low or tax free

I like gold, silver, copper(pre 1982 pennies), guns, & ammo.

There are very few alternatives that I like to Bitcoin right now. The stock market is way over valued and so is the real estate market in many parts of the world.

If the Bitcoin market gets over heated or for some diversification

Canadian 30 day Treasury bills in CAD, and / or CAD bank deposits CDIC insured, some CAD cash.
United States 30 day Treasury bills in USD, and / or USD bank deposits FDIC insured, some USD cash.
Gold (1oz gold coins). Possibly Goldgrams via GoldMoney.com  

For high risk investors
Short stock positions either the market as a whole or some overhyped stocks. A short position on Facebook stock for example.

Shorting the Yen and/or S&P 500.

Red wine.

You sir are a god. I was sipping pinot noir when I posted above and didn't even think of it.

If you want something as profitable as holding bitcoins, try importing cocaine to the US.

I invest in stocks. Risky? yes.

...but no more so than bitcoin.


I have guns and ammo and precious metals too, but for more practical purposes (rather than investment).

no one mentioned nickels. If the dollar gains value you can cash them in for face, if the dollar loses value you can melt them, win win.

Sure, when they become so worthless they are dropped.  Until then they are illegal to melt.  They will trade above face though, as copper pennies do, just not full scrap value.

US coins are illegal to melt.

No our politicians are not bought and paid for.

Having a bulk supply of food in your shed is a good investment.

The problem with this strategy is that most food depreciates due to spoilage. Of course, if you have a lot of honey and maple syrup in your portfolio, you can offset that to a certain extent. :)

I never said it was legal, but thank you for making that clear.

It will be legal to melt pennies if the government ever retires the penny, although in such a situation, they may confiscate them.  Likely, they will just suck them out of circulation via banks and not worry about individuals, but you would obviously have issues cashing in the raw copper if they were supposed to be turned in.  Same with nickles, although they don't need sorted like pennies.

Something you could stock up on is drugs, and I mean of the legal variety. They are usually small items, so they don't take up a whole lot of space, and some are quite costly and hard to come by if the economy collapses.

Seeds.

Just one word (http://www.youtube.com/watch?v=PSxihhBzCjk&t=0m30s)

Stock sounds a bit confusing any help? And I do not have a guns license nor do I even no if I can get one? canadian currency did not sound like too bad of an idea. Would I have to pay taxes on that investment considering I am in the USA not canada. also the price of silver has risen quite alot thats not to bad of an idea but I have little to no info on investing in precious metals? I cant help but acknowlege how cool it would be to just have a bar of silver in my room. Hey whats that oh its just my BAR OF SILVER!!! BWHAHA

Well 2 words satoshi dice.

Just to be clear, an investment is buying stocks in Satoshi Dice, not playing it.

Education. I don't mean bullshit university degree (I speak as a PhD), but practical knowledge and skills, specialized or not, from a university course or from somewhere else, does not matter.
Another one: physical excercise. No need for expensive gym memberships and props, all you need to invest is your time. Time is money. And, speaking of investing time, another great investment: friends and family.

Great advice niko, all of it.

In case of economic collapse: cigarettes

you can only have so much vodka stored, but one trivial machine would provide endless quantities of 60 deg alcohol out of virtually any product. cigarettes, on the other hand, not so simple to make yourself.

Tobacco products almost guaranteedly will go up in price because most governments in the world raise taxes on them.

Some stocks are. There is plenty of value to be found however.

Exactly. Growing the tobacco is the hardest part, and it's not hard.  After it's grown, you just dry it and smoke it.  You can even wrap tobacco in tobacco.  It's called a cigar.

You could use mining rigs to dry the leaves.

and condoms....

I second valuable medicines, and include ED meds in that.

"SHTF got you down, and you can't get back up? Relive normal times for just .01 BTC!"

:)

Ok, sure, but where I live, tobacco does not grow without electricity. If you live in warmer areas then having tobacco seeds makes more sense.

Deal! I'll stock up on 7.62mm AKM bullets instead then :)

Have a look at an SKS as a happy middle between the Mosin and the AK. In the US, guns have been doing almost as good as bitcoins; with all the talk about banning some or all weapons or whatever the prices have been shooting up recently.

I have brewed mead and hard cider, I thought it was an easy process. I didn't make any vodka, but I do distillations at work all the time and I could easily set it up in my kitchen with a few pipes and a couple hours of work.

Another thing you could get, not so much as an investment but as preparation for when there are problems in the future, would be a series of how-to books, encyclopedia, etc.; knowledge-base books could be quite useful if the internet is no longer accessible.

ssri's imo. If the supply line of these drugs was ever disrupted you could sell them to desperate people for windfall profits.

Ok how about other digital currencies or something that can actually make me a profit because stocks have too many brokerage fees an Tresury bills  make like a 100th  of a penny a day

Brokerage fees? Just open an Interactive Brokers account and buy and hold.

you read The Windup Girl?