But turkey's economic crisis has almost been stopped by Qatar's funding in billions of dollars.
Like QE fixed all the West's financial problems. Have you heard recently that Greeces financial issues are also now resolved. Just lol. |
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And in the future you will not need to cash out, you will be able to buy anything you want with BTC, so you can move seamlessly to whatever jurisdiction is friendlier to you. Also physical cash will most likely disappear in the future.
Shame real world use of bitcoin is going backwards and not forwards, many retailers that previously accepted BTC now do not (expedia, reddit, the bitcoin conference, microsoft, stripe, steam, the list goes on and on). Also many of the remaining ones do not accept Bitcoin they accept fiat via a 3rd party like bitpay. Bitcoin has just become a speculative commodity. It doesn't matter where you live. Gold is shit because you are stuck into your local community, if you need to move you need to carry it and you be assaulted/stopped by authorities etc. It's really nonsense to go through with that when you can have BTC and have a peace of mind that they will not take it away from you.
Well thousands of years of history disagree, people have always moved around while holding precious metals. This is also a unicorn myth quoted by crypto fans. How many people do you know have had to drop everything and fled to another country recently. How would you access your crypto funds on the move when your phone runs out of charge or is stolen or broken? Satoshi is no more of an issue than huge gold holders dumping, and most likely they will dump some gold to buy BTC in the future. Satoshi most likely is dead if he was a real person and will 100% die if he is stupid enough to move coins so what's the point. Genesis mined coins are useless.
Just an opinion based on zero facts, no national banks or countries have dumped gold to buy bitcoin. The opposite is actually true, most are hording increasing amounts of gold. The big gold dumps are paper gold not physical metal, sooner or later the paper ponzi will fail. Gold transactions can't be completed totally off the grid outside of local person to person transaction which means most likely you don't have much money to worry about liquidity. Someone that is rich isn't going to be able to live off a local economy. Bitcoin is better specially for the very rich for rather obvious reasons. It's not the same carrying a couple bullion than needing to store a bunch of them trusting some 3rd party somewhere and when you need it it will become a huge problem moving it or doing anything. So dumb to keep it in gold vs bitcoin sorry.
How do you buy bitcoin without a paper trail, using a bank transfer into an exchange (where you have completed KYC so all personal info on file), I.P's logged all addresses in the blockchain history tied to you for money in and out. In the UK you can walk into any bullion dealer and buy £5k in a single transaction or £10k a year without providing any identifcation. Spread your money around different dealers and there is no paper trail. I stick by original statement - short to mid term there is money to be made in crypto. Long term you will lose your ass and if you dont take some profit and buy hard assets on the way of which ever type you prefer your an idiot. |
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Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?
Kind of like bots on a crypto exchange then. Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price. At some point the number of people wanting physical delivery will increase then the house of cards will fall. |
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I do not consider that gold is a good asset for an investment right now. I think we will see gold beneath 1000$ quite soon. I am wondering how do you know that gold will go up in the near future? In my opinion gold may be an excellent asset in case of a long term investment when you are ready to hold an asset an year and more.
A year is not a long term investment. I would say 3-5 years are mid term with 5 years plus long term. Fundamentals are good for gold but as with everything else it is all manipulated. All I know for sure if precious metals and BTC are both better than any fiat right now. Just have to sit tight and wait for when the big players decide to pump and make some big money. |
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Cashing out gold is the not the same as bitcoin. You walk into a dealer and walk out with cash or have it transfered into your account as I have done so previously. You never lose control of your funds as you do with crypto. Find a MtGox equivalet for physical gold holders.
Executive Order 6102 - We dont all live in the US, the last time it was used only a small amount of gold was handed over. Banking is also a different beast now, a governement will just initiate a banking holiday then do a cyprus style haircut rather than chasing individuals around they believe may have some gold.
satoshi - may be an individual may be not but someone out there controls the private keys to those coins and they could become active at any time.
Gold across borders - depends where you live, if you live in a stable country not much to worry about. Most people dont buy gold and crypto ready for the zombie apocalypse. Special forces and pilots in the UK are issued gold sovereigns as part of the their survival kit should they need to bribe officials or locals if caught behind enemey lines - would like to see you pull that off with BTC
With 2018 technology your bullions will be easily found - Not sure how you work that one out. You buy gold cash from a 3rd party and there is no paper trail or no public ledger detailing holdings. With 2018 technolgy every website you visit could be logging your I.P address and algorithms searching for keywords like bitcoin and building a nice big database of crypto holders. Gold transactions can be completed totally off grid like they have been the last few thousand years.
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Imagine how much sense it would make if you switched the gold bullion in there for Trezors, USB pendrives or anything that could contain bitcoins, and said Bitcoin wallets wouldn't be encrypted with a password at all! How safe would you feel about your investment?
That is exactly what i see there. Some guy which you are supposed to trust to hold your gold for you. And then when you need to move your wealth, you will need to hope that the guy driving the truck/ship/plane doesn't pull a heist on you and runs with the money.
Why bother with this risk when you can just hold it in bitcoins? I would like a reasonable goldbug argument for this very obvious point for once. I haven't seen anything convincing thus far.
And you are trusting in bitcoins encryption algorithm and complete infrastructure inc. internet, power etc. (Nation cyber warfare could crack the encryption and drain a countries entire financial reserves instantly, imagine china cracked the bitcoin algorithm and took all American's financial reserves one night). Anything held on a computer network is exposed and vunerable. You are also relying on the devs not doing anything stupid or unpopular with the software as its completely out of your control. You are relying on unregulated exchanges not getting hacked or the owners doing a runner with your money when you wish to cash out - not a good track record. You are relying on the government not coming down hard on crypto and outlawing it before you get a chance to cash out. you are praying Satoshi isnt defrosted from his cryo chamber one day and he decides to cash in the lot and go on a hooker and coke binge. You are relying on those electronic devices holding billions or trillions not degrading and failing over time, countries need to hold wealth in centuries not years (backups would be a pain in the ass) Gold is an element and no matter what it remains gold. Bitcoin is technology, technology becomes obsolete and is superceeded extremely quickly. Gold in your hand removes all third party risk. |
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See the picture I posted of many many 5 kilos gold bars at a storage location.
They are not 5kg bars they are 400oz good delivery bars (12.5kg) |
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Few people actually own gold or silver. People generally buy promises from banks and other companies. Usually these companies claim to have large safes where they safely store all that gold.
Gold is a very risky thing to buy and keep at home. Just like big sums of money. We are here in a forum about a revolutionary product that destroys any other possibility of Store of Value. Exactly because it is much more easily stored and easily verifiable. If you have the seed from your wallet, you own that cryptocurrency.
Physical gold over paper gold every day of the week. Would you find it difficult to hide a few smartphone sized bars of gold in your house? under a floor board, in the loft etc. Gold is so value dense its very easy to store and safely hide it away. Is gold more risky to store than crypto, the scam assusation thread says otherwise. Find me a precious metals forum with the same number of people that have been ripped off, scammed, lost gold to theft (hacking equivalent). |
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It amuses me why you mainstream media following retards assume Russia is the bad guy and the US is the good guy.
The truth is they are the same, different sides of the same coin.
They are both super powers struggling to control more land and natural resources and increase their grip on the world by any means necessary.
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Gold went up by too much during 2010-12, and that is the reason why there was a sharp correction after that. If you remember, the gold price was just around $280 / oz. in 2000. By 2012, it had reached a valuation of $1,800 / oz.
How much additional currency has been created since then through QE artificially inflating stocks? How much has global debt increased? How much has global uncertainty increased through trade wars, sanctions. Brexit, Deutsche Bank on the brink, emerging markets chaos etc. |
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I agree. Silver is problem to store even on Earth. So dreaming about it in space is far to early. I remember in January I was thinking to turn part of my crypto into silver and when saw how big pile would that be I immediately stooped thinking of silver.
thats what gold is for. A $40k bar is the size of a smart phone.  |
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Also the elite already own the gold so why would they make it worthless and start over with bitcoin?
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So you are saying that bank deposits are risky and that is why you choose crypto. That would suggest that you think crypto is not risky. Actually it is hard to find a more risky asset, so you should rethink your strategy, your assumptions are all wrong.
Crypto is extremely risky. Banks are not the safe haven they are made out to be. - Check the recent bail in laws introduced. - Cash deposit + withdrawl limits in place. - Recent history demonstrates bank holiday with imposed balance hair cuts (cyprus) - A move to cashless makes things worse elminating bank runs/ no escaping NIRP + ZIRP (loss in buying power through inflation) - Banks requiring state bail outs (others currently on the brink like Deustche Bank) - In the UK £85k bank deposit is allegedly protected. In reality if this situtation was to occur multiple banks would be insolvent and there would not be enough funds held to reimburse all protected deposited sums. |
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You still havent explained why the NWO would bother buying up all existing bitcoin kicking everyone else off the blockchain when they have access to all this free hash power and could just launch NWO-coin with zero initial outlay for their own uses. As the Bible says in Revelation about the coming NWO, you will throw your gold and silver into the streets for it will not help you in that time.
Ill pass on taking financial advice from the bible. Those who don't buy Bitcoin are going to end up destitute, no matter how much wealth they started with.
That will be about 99.99% of the worlds population currently then. With everyone destitute who is going to get up for work in the morning to keep the power on, the internet running (could be a problem for your crypto network), the hospitals and shops open? Do you actually stop and read the bullshit you post? You claim all this knowledge and yet I bet your broke living paycheck to paycheck with regurgitating Shelby your only sense of importance in life. Post a signed message including my username from a bitcoin wallet holding over $100k and you have some credibility. |
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You cant live in or farm a bitcoin. gold, silver, copper, gas, coal, uranium, oil and other commodities are the backbone that powers the knowledge age without them our entire civilsation would collapse but you claim they are becoming worthless. You entirely do not understand what Bitcoin was created for. It will end up kicking all the non-$billionaires off-chain. Bitcoin is to be the world's NWO reserve currency. Some reading material for you:
So once they kick everyone off the blockchain where is all the hash power going to come from to secure the network? If they are going to purchase the hash power then why use bitcoin at all, why not start a NWO-coin with no additional outlay buying up existing coins and secure it with their own new hash power? You also dont seem to grasp everything you post is just an opinion, no one has a crystal ball and if you were so clever to predit the future with any degree of accuracy you would be a wealthy man out enjoying yourself rather than endlessly regurgitating "Shelby" on this forum. Also do you think its appropriate always lposting links to people that have been banned from this forum? |
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The biggest personal loss in bitcoin will soon be mcafee right after he eats his own dick.
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2 X chinese kids, an abacus and 30 minutes.
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Hey Mark J, Mr-dead
I want to reach out to you but your inbox is not enabled for newbie's Direct Messages.
Could you please enable this?
Thanks in advance.
Hi, I have now enabled newbie messages in my profile. Also sending you a pm |
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Russia is destroying themselves. Atavistic fools who still think land and gold still have value.
Russia debt to GDP : 12.6% US debt to GDP : 105.4% US just below Butan So who is destroying themselves? https://tradingeconomics.com/country-list/government-debt-to-gdpAtavistic fools who still think land and gold still have value.
I presume you also apply that to China? So land is worthless, gold is worthless. How many wars have been fought and lives lost over land and resources? Obviously using big words is not an indication of intelligence. Why the fuck do you keep quoting Shelby in all your posts. Your obviously an alt of Anonymint that they banned, considering red flagging you. |
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