Lol what a 3rd world circle jerk this thread is.
China and Russia cant do shit else they would have done it already.
Fact.
USA and EU will run out of oil within the first week of the war Not the United States. But not sure about the European Union. The strategic oil reserves in the United States amount to close to 500 million barrels. Also, they don't need to import much, thanks to the American frackers. |
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I wouldn't trust Platinum and Silver. The platinum supply scenario can change a lot if new deposits are found anywhere in the world, as the total market cap is very low. And silver is mostly used for industrial purposes, with less than 25% of the mined metal being used for investment and jewelry.
Silver's use in industry as well as jewelry and investments in the form of coins and bars is exactly the reason why I buy silver. It has use. It will always have a demand in industrial use due to it's conductivity and reflective properties. Silver's use is rather limited And these limits are twofold. First, there is in fact not much use for silver in today's economy on its own, and, what adds more injury to insult, it is not going to expand in the future (if anything, palladium seems to be a better choice now). Further, even whatever industrial use silver has, it is severely limited by its price which is to say the smallest rise in price will make this use shrink since silver can be easily substituted by other metals and materials. Indeed, silver is the best electrical conductor out there, but copper is not bad either, so it is just a matter of price Why do you think that Palladium is a good choice when compared to silver and platinum? I know that it is used in catalytic converters, but how can you say that in future the demand for Palladium will increase? |
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Oh.. So this was the reason behind the 20% price rise today. I had suspected it when I saw the chart and now it is confirmed. I am happy, because I don't need to move my coins from the exchange wallet now.
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The Overstock guys were not happy when the exchange rates were hovering at around $200 per coin in 2016. More so, because they were keeping around 10% of all their Bitcoin revenue in cold storage. But now they will be in green and quite happy about the decision to accept BTC.
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Third world countries such as Egypt, where the local currency is constantly under the threat of devaluation, will be among the last to allow the usage of Bitcoins. But first, the developed nations such as Japan and the United States must lead by example.
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Me too I was prefer the cash either bitcoin because cash was much easy to use than bitcoin. Most of the people was like to accept cash than bitcoin, also bitcoin price was declining price this moment not like cash example dollars that stable.
Acceptability is not a major issue, since you can convert your coins very easily using any of the local or international exchanges. But volatility is the main issue. No one is sure about the future exchange rates. And the worst thing is that the prices can swing by as much as 20% in a single day. |
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Yeah. It's just a normal correction, bitcoin really is very volatile specially the issue we are currently facing, Segwit2x. Plus the FUD spreading is very likely has put a lot of doubts in the minds of investors that's why they sold off. But it's fun times though, the resistance level and support has stop and reverse the price going down further. But we may see another dip a few days before Aug 1 so we need to brace ourselves again and not panic.
Those who had invested at $1,000-$1,200 levels might have booked at least partial profit now. No one is 100% sure about how the things are going to turn out on August one. It can be good, or it can be bad. |
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I am hoping bitcoin takes a HUGE dump before that so I can buy!
A huge dump is unlikely unless something catastrophic happens. Two days back, BTC went down to $1,800 from $2,500-2,600 levels. I don't think that it will fall any further. The rapid recovery made by BTC proves that a lot of demand still exists in the market. |
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Currently I'm just into trading but not for long term. If I'm see that I got enough profit then I immediately sold my bitcoin because I have to used the funds like every week. But my long term goal is to really invest on it for a bit. Once my situation has somewhat become "good" then all my trading earning will be put on a longer term. Like others mentioned, bitcoin price will likely to increase in the future so its much better to invest on it for a long term basis.
I am currently holding on to my coins, but I am not of the opinion that Bitcoin is suitable for long-term investment. IMO, it is more suited to medium-term investment and we need to book profits at regular intervals. |
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I should have spent some of the coins when the exchange rates were going at $2,500 - $3,000. But I held on to my coins and now I feel like a complete idiot. It seems like we will witness $1,000 by the end of this month.
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My guess is that Bitcoin may last another 30-35 years (i.e up to 2050), with the peak exchange rates reaching somewhere in 2025-2030. The Bitcoin exchange rates will act similar to the share prices of tech stocks during the Dot Com Boom of the 1990s.
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Gold will always be there
And if you have the amount of wealth which is big enough to last you for a few decades (say, pension savings), investing in gold should be a must-do thing. If you want to preserve the purchasing power of your assets, gold and inflation protected US Treasury bonds seem to be the obvious choice. Though I wouldn't invest in other precious metals. For example, platinum had been worth a lot more than gold previously but now it is well below the latter. The same pertains to silver, it is close to losing any significance as a precious metal
I wouldn't trust Platinum and Silver. The platinum supply scenario can change a lot if new deposits are found anywhere in the world, as the total market cap is very low. And silver is mostly used for industrial purposes, with less than 25% of the mined metal being used for investment and jewelry. |
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I personally transferred all my bitcoins to alternative coins and it will be more reliable for August 1. The more it will be necessary to abstain from the transaction during this period.
That was a wrong move, considering how dependent these altcoins are on Bitcoin. If the Bitcoin exchange rates crash, so will the altcoin prices. See the trends during the last 3 days. Altcoins such as ETH and XRP has lost their value even faster than the BTC. |
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See how the prices are diving now. Bitcoin has lost more than 30% of its value during the last 3 days, and I believe that by August 1, we will be ready to witness exchange rates below $1,000 per coin. Strong currencies don't get decimated like this.
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The results of the Australian Census of 2016 are out. Hindus are one of the fastest growing population groups! There are now a total of 440,300 Hindus in Australia, constituting close to 2% of the Australian population.
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I wouldn't put myself in a position where there’s a chance of losing everything, that Is why I choose to diversify whatever I can, whenever I can. Just because something is giving you huge profits (in this case, bitcoin) doesn’t mean you’d invest everything in it. I’d rather play it safe and scatter my assets in instruments that have varying degrees of risks associated with them.
You should diversify your assets, and at the same time you should be open to book profit or loss. If an asset has lost its importance, then it will be better to dump it (or at least partially). Remember the dot com bubble? Some of the stocks such as Webvan never recovered, and they were delisted after a few years. We should make sure that the same does not happen with our crypto holdings. We must know the difference between our investments, I have bitcoin and I’m for the long term in them, but I also invested in some icos and I’m aware that some of the coins may not last more than a few years, so when it comes to those coins I watch the market more closely in the case I need to drop them. While investing in the ICO, you need to realize that only 5% or 10% of these coins may give you a profit. But the few coins which are in profit will more than cover the losses incurred as a result of the others. |
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It's because of the public perception, the silk road made bitcoin drug money, it just got rid of that perception but people still want it to be unable for drug buying. Thing is the USD is the true king of drug money.
The number of people purchasing drugs from the street is many times more than the ones who purchase it from online dark markets such as Alphabay. But then why no one is calling to ban the fiat currencies such as the United States Dollar, which are used for these purchases? |
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I think the impact of drinking alcohol can cause headaches
ROFL... having headache? Yeah.. it is true that drinking excess amounts of alcohol can give you hangover effects the next day. But I am more worried about diseases such as liver failure which are now widespread as a result of alcohol addiction. |
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Money is extremely important nowadays. Money can solve most of your problems. Suppose if your children are suffering from some disease, then you can give them the best treatment if you have money with you.
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Being a Hindu, my tribe don't do burials. We go for cremation. And it is the most environmentally friendly method of disposing off the dead. Also, it saves a lot of valuable real estate space.
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