If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
Bitcoin. Here is why Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years. By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold? Bitcoin will do far worse to gold. See there are still carriages in number of poor places in africa and in south asia. In some places they still use bycicles rather than cars. See the boom in the car market is only due to the banking system pumping car loans, once that goes away, most of the cars will too. However Bitcoin will literally obliterate gold, and turn it into junk rusty iron. Carriages are still worth some money, gold wont be. |
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Thanks friends, anyone else wants to promote/sell my softwares? You can make good money with them!  |
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Not a Communist, but since 1974, this looked like the 1st time, regular people wld have representation. Then the old boys explain to the new boys, they have no choice but to go along because it is their job to SAVE THE WORLD. The old boys will continue to do what they do best: DENY, DELUDE & DELAY. Meanwhile GR will continue to sink into an abyss.
You don't need to be a communist with taxing on the mega rich, it's just common sense. If someone has 500 million his bank account, his life quality is going to be exactly with same with 400, or even with 250. It's a joke that you are condemned to wageslaving while they could help a lot into making lifes less stressed without noticing any stress themselves. They will just go else where. The idea you can just raise the taxes on the rich and make money from them is amusing. Yep, its pretty childing thingking about taxing the rich. Why do you want to tax anybody at all? Why do you want people to extort money from you, at the face of gunpoint or jail, that is what taxation is. |
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NEVER give up houses and farmland, that's gold you have there, besides coffee, chocolat and water the primal things human need, wait and see in 10/15 years, you'll see, so never sell property but rent it out and keep accordenly, to value price and inherit laws per country, that sum of money stowed away to give your children to buy the inherit taxes of so it keeps in the family. ------------------ a retirement funds... don't sell everithing in 1 go, lol just sell monthly what you need to live on or that little + on your pension income or need a vacation? a nice present for someone  not be greedy and all in 1. that way prises could be/stay stable wright? edit: sorry i mean rent out, not rent. english is not my first language.. I must sell the family house because its in shitty shape , but i dont sell the farmland, that is really worth it. But i think bitcoin has much higher ROI, so i`d buy more of it later on. Luckily there is no inheritance tax in my country (at least that, otherwise i`m taxed 80%). |
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It seems to me, although i can be wrong, that about 90-95% of users of this forum own less than 0.5 BTC. Am I right?
Anyone can attest that?
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Well i dont know marriage is already very communistic.
You share your: money,house,car, life, why not share your body too?
It seems to me that marriage as a communist union between 2 persons is about sharing, so why not be like that.
DISCLAIMER: I`m libertarian, but we need to expose what marriage really is, it's a communist treaty between 2 person.
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The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.
And then after they left their companies will be nationalized, and that country will turn into a communist hellhole... Thats why we need a global rich tax, which is a bit delusional, but actually the only solution, otherwise trying to tax the rich cunts of any country will be useless since the rich always have endless fiscal paradises out there for them to store their money at low taxes. Thats a very naive idea. You cant tax the rich, not because they avoid taxes, but because it's impossible to do so for 2 reasons: 1) They bribe politicians 2) They will just pass the cost down to their employees or raise prices (the customer gets it) How about we tax nobody? |
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The Politicians lie in every stage and at every step. And they take support from the press and media. As the media people spreads the news in the most dramatic way and they know that society is influenced by media So society agrees what media shows them the story.
Yes Politicians are on the top of the list responsible for making false commitments and promises to the society and they don't even turn up once the elections are over. The society should take a pledge not to vote them as they don't contribute anything in the betterment of society. It's easy to point a finger on anyone around us. But we forget that lies are told by everyone. We don't notice our mistakes and we start judging people around us. So ya politicans are liars but are we honest?? we also lie at many stages and for very small things.. Yes but we trust them with our fucking money and future. If an average guy lies to you about his car or apartment size thats nothing compared to politicians lying about their election promises and wont do 1% of when they promised. They dupe the naive idiots to vote for them and then they get away with it.. It far more at stake at an election than just a few guys drinking beer and lying to eachother dont you think?  |
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Average guy: 1% of his portfolio
IT guy: 5%
IT and finance aware guy: 10-20%
Bitcoiners: At least 50%
Gamblers: 100%
Right now Average Guy: What is Bitcoin? If you are planning to hold it till retirement (assuming you are not knocking on the doorsteps of retirement), then 1% is a sizable amount, considering the riskiness of Bitcoin. 1% ,that is too small. What else you would hold greek bonds or financial stocks? Those are 1000x more risky at the moment than bitcoin. The 30 year bullish bond markets will collapse soon, and then people will regret why they didnt bought bitcoin instead. |
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Yes thanks for that, it looks very nice on your website, i should post it on a few places. Everybody else should do the same, thanks for promoting them |
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If majority of people have holdings in those 3 elite markets, then it will really be a big problem
The interesting thing is, when people unconsciously use USD to measure value, if stock/bond/estate's USD price crashed, FED can easily print tons of USD and bring those price back, thus there will never be panic
On the other hand, USD's crash could cause some problem (hyperinflation), but since people use USD to measure value, in their eyes, the price of stock/bond/estate skyrocketing is a good thing! (In fact USD has been crashing hard against stock/bond/estate, it is already hyperinflation in asset world)
So, when those equity holding people trying to cash out their gains in equity market and start to spend, there will be an oversupply of USD everywhere, and cause price increase in daily consumptions, the real purchasing power will shrink quickly. But in such a situation, FED can not artificially support the equity market again using QE, because that will worsen the inflation in average price level. In the end, no one investing forever, some of those equities will be cashed out for spending, nothing can stop it from happening. So FED might need to tighten money supply to curb inflation, and that will accelerate the crash in asset market
Of course if all those equities are hold in the hands of a few, then there will not be mass scale of spending. So an unequal distribution of wealth actually helps to avoid inflation
Well they just postpone the inevitable. Eventually that printed money will be injected into the economy at large and that will be much worse than jsut a crappy crash. The 2008 crisis nearly crashed the whole world, the next one will crash it. Why do you think they prepare for martial law in the USA? They know the dollar is in big trouble. I`m not giving it more than 1 year, and we will see big calamity. |
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The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.
And then after they left their companies will be nationalized, and that country will turn into a communist hellhole... |
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didn't mean to give the impression i was complaining about tax levels or poverty or fairness or anything of that nature because i wasn't. i was explaining why libertarians offering tax cuts to people who already don't pay tax isn't likely to appeal to them.
Yes but it's impossible to tax a corporation, because they will just shift the burden to their employers: fire them or cut their salary, or to the customers: rise prices. None of that is good for that country, however there are only 2 solutions: you nationalize it = communism , and we know how that works out, if you dont, then thats fascism. Or you just abolish all taxes & regulation (of which corporations are already exempt, why not make other people too?): in which case, a fired worker can just set up a lemonade stand, without permit, and sell lemonade, and make money the next day.
Of course, this is too extremist, how dare we sell lemonade without permit... we must beg our slave master government first for permit....their desires are pretty basic. enough to eat if you lose your job, somewhere to live, not being left to die when you get cancer. nobody is asking govenment to provide them with jaccuzis and rolls royces.
in europe most people would rather pool some of their resources into a system that pays out when they need it than be forced to make their own arrangements
opinion polls have shown most americans would like this as well at least on healthcare but neither party offers this option
If it were that simple then society would not look like this. They all want welfare and they dont want to do anything about it.
I mean even you admit that you would like to see other people robbed so that you get welfrare... Wouldnt it be more moral to just earn it yourself and pay the insurer? And if you want a peaceful and moral society, you cant base it on robbery (taxes). the reason is the people who work in it earn a lot more money and there are shareholders expecting to get paid every year. we dont have to worry about these thing so its cheaper and everyone has access to it
i don't live in greece but since you ask i want them to elect the national socialist party golden dawn. not the pacifict metrosexual social democracy europe currently lives under nor the short sighted selfish individualism of unrestrained capitalism .
And that would cause what? Another world war? More violence and coercion. No thanks, i dont want to see the 21 century become a bloodbath again. I thought humanity has evolved past this tribalish violence based society, but i guess i was wrong. |
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Average guy: 1% of his portfolio
IT guy: 5%
IT and finance aware guy: 10-20%
Bitcoiners: At least 50%
Gamblers: 100%
I got 25% only in bitcoin, and the rest of my money it is in high risk bank savings (getting 1.5% interest only). I do own a little bit of farm land and have a family house that is rented out. |
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Back to your logic, you predict that the rest of the world will experience the fall in asset values that the Japanese experienced 20 years ago.
Leaving aside your mysterious ability to predict the future, you ought to notice that the Japanese experience is of deflation. 20 years of quantitative easing has not caused a whit of inflation in the land of the rising sun.
Have you seen a Bond market collapse? A major stock market collapse? No. It didnt happened yet, and its all around the world. Japan only experienced a bubble economy, estate prices to the roof, and without justification. When you print money, that money has to go somewhere, and obviously stock prices,bond prices and real estate are not included in the CPI. So it gives you a fake sense of deflation. But when those 3 markets collapse, you will see investors panicking and buying gold,silver, but not just that: hotels, restaurants, railways, factories, and such. If that happens, and it will happen, then you will see the full force of inflation crushing in. See the 3 elite markets (bond,stock,estate) are only like a giant dam that keeps the full force of water out, if it collapses, the full force of inflation with crush through and it will flood everything. That is what it will happen and its already happening. |
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Alright, all softwares are now updated to v2.0 No more freezes, no more slow startup time. Now everything is lightning fast. Also many UI corrections have been made as well, colors have been changed to more eye friendly and more. The QR code generator doesnt lags anymore when you input into the textbox fast, and the realtime info doesnt start slowly anymore. All known bugs eliminated forever Also the license is updated, its more precise now, now you can know exactly what are your rights over the software but basically it's this: free personal and free commercial use, and no royalty required if you decide to monetize and sell them , in fact you are encouraged to monetize it and distribute it, because that makes me more money from the ads Also introducing Bitcoin Converter by popular demand:  It supports over 20 currencies, very fast and simple to use. All post 1 has been updated, download everything from there. Enjoy it! Thank you very much, this is perfect! Just what I was looking for! A small bug that I can report is that when the rate is updating, the app freezes for about 3-4 seconds before the conversion rate is changed. Also, for some currencies, the price of 1BTC is shown above the rate for 1BTC to USD. Is this a glitch perhaps? For others, here is the Virustotal scan of this new software: No it is frozen deliberately to not overcharge the server that gives the data. Because every time you write a number or modify it, it queries the server. If i had not done that, then it would have overloaded the server as many people can just use that to slow down the server maliciously. No the left side shows always the Ask price, and the right side shows the Bid price. Because when you input 2 BTC for example, you obviously want to buy, and it shows the Ask. When you input 300 $ , then it shows the Bid price and its respective BTC, because then you probably want to Sell. |
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All my softwares have been updated to 2.0, they are now bugfree, as much as it is possible. All of the 2.0 version softwares are now stable and can be sold without problems. (the 1.70 version is also stable, however many new features and small bugfixes are now added, so its recommended to sell the 2.0 version)Also added 1 new software the Bitcoin Converter. Check them all out, and go sell/monetize them! http://www.mediafire.com/download/4j7d7229cf2wxj2/My+Softwares+2.0.rar |
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Alright, all softwares are now updated to v2.0 No more freezes, no more slow startup time. Now everything is lightning fast. Also many UI corrections have been made as well, colors have been changed to more eye friendly and more. The QR code generator doesnt lags anymore when you input into the textbox fast, and the realtime info doesnt start slowly anymore. All known bugs eliminated forever Also the license is updated, its more precise now, now you can know exactly what are your rights over the software but basically it's this: free personal and free commercial use, and no royalty required if you decide to monetize and sell them , in fact you are encouraged to monetize it and distribute it, because that makes me more money from the ads Also introducing Bitcoin Converter by popular demand: It supports over 20 currencies, very fast and simple to use. All post 1 has been updated, download everything from there. Enjoy it! |
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Hmmm. So your thing is that we have to wait?
What if I grow old and die waiting for the collapse you so eagerly hope for?
Not that much more, a few months, at tops 1 year. The stock, real estate, bond market is at record high levels. One of the biggest bond dealer company admits that the bond market is way overvalued: http://www.thinkadvisor.com/2014/05/02/pimcos-gross-pop-your-bubble-fearsThen again Buffet and others also admit that the stock market is overvalued. And the real estate market? I`m not even commenting that. What goes up will come down, and then that money will crash into the economy, you will see insane price raises, that you long awaited for. |
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