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I am a huge fan of precious metals. Mainly silver due to the 75 to 1 gold to silver ratio. Silver is extremely undervalued at this point in time. However the more I understand the Bitcoin, the more I become bullish on Bitcoin and it's future purchasing power. I continue to allocate 20% of my invest-able dollars into Silver on a monthly basis. 60% I utilize to buy more Bitcoin on an ongoing basis. The other 20% I keep in cash for liquidity, investment opportunities and to save for a new condo in 2018. I have paused buying stocks due to them being over valued. However mining stocks still pose a major opportunity for those with the stomach to take the financial risks.
I think Bitcoin has 1 major benefit over GOLD. Transfer-Ability. If I had to bug out, move to another country or anything related I can store my wealth and blast it into cyberspace or place on a PAPER WALLET to migrate elsewhere!
David BTC Silverspoon
~He Who Owns Bitcoin, Makes The Rules!
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Fun topic!  The population will continue to grow at an exponential rate. Demand will grow for Bitcoins and other cryptocurrencies, uncertainty will grow in the Stock and Real Estate Market. This is creating the perfect storm for increased purchasing power for BTC. Due to its rarity and world population boom with many of them being un-banked, there only option will be Bitcoin and other crypto's!  David BTC Silverspoon Well, let's be a bit more fair and say that Bitcoin becomes popular with the entire population with internet access, so something like 40% of the world population, or 3.2-ish billion people, and remove the rest since they can't effectively use Bitcoin. You're looking at something like 1 BTC per 125 person, which is still a small amount, however it is less large than the 1 per 357 figure. Maybe in the future with a sort of hyper-connected world (if we get that far) we can see that number increase, but for now I think we still have >1 BTC/person in the Bitcoin community. Great analysis! Totally makes sense. I wanted to express the scarcity and demand factors of Bitcoin and why it programmed to increase in value over time vs fiat paper money which is programmed to decrease in value over time.  David BTC Silverspoon ~He Who Owns Bitcoin, Makes The Rules! |
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I love Bitcoin's store of value.
I love how you can transfer Bitcoin through the internet
I love the ability to store Bitcoin offline on a paper wallet or hardware wallet
I love the monetary policy of Bitcoin.
I love the scarcity factor of Bitcoin's fixed amount of 21 million.
I love the mystery of Satoshi and how Bitcoin has no leader or central authority.
That's what I like/LOVE about BITCOIN!!!!! Keep stacking those BTCits!
David BTC Silverspoon
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Fun topic! The population will continue to grow at an exponential rate. Demand will grow for Bitcoins and other cryptocurrencies, uncertainty will grow in the Stock and Real Estate Market. This is creating the perfect storm for increased purchasing power for BTC. Due to its rarity and world population boom with many of them being un-banked, there only option will be Bitcoin and other crypto's! UPDATED 5-18-2017 Thanks for all the great replies to this thread! I admire all of your thoughts. There plenty who agree and disagree as expected. Even if only a small portion of the world economies invest and utilize Bitcoin, those strong holders and users will continue to accumulate more on an ongoing basis. I accumulate mBTC's daily. About $5 per day automatically after accumulating my core position between $250-$450 per Bitcoin, so I am pretty happy overall. I don't think about the price. I am in this for the long haul and using Bitcoin's momentum to build my purchasing power. By the time I sell/trade my Bitcoins it will be to buy Real Estate to rent when it's extremely undervalued for more cash-flow to again invest in more Bitcoin. Or I will loan out my Bitcoins for continued interest rate of return. David BTC Silverspoon ~He Who Own Bitcoin, Makes The Rules! |
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If you are saying the truth, then you have to be really happy with current market situation. To be honest, I was dreaming about having at least the bigger part of my wealth stacked in cryptocurrencies, but i have only few % of it  It is also not worth for me to obtain more ( convert ) because the bitcoin price is waaay to high for an investment not on long-term. I'm going to wait a little bit longer to see more attractive price, and probably I will try making my supply even bigger than it was before. It's really hard to call the top or bottom in Bitcoin in this environment with Japan becoming a heavy buyer now. I dollar cost average by buying a small amount of Bitcoin daily. $5 daily is a good start. Don't think about the price rather how many micro-Bitcoins you can stack. $1500 per Bitcoin is a pretty high and it costs $300 more than an ounce of GOLD! Don't think it will get much cheaper, but I do suspect a drop to $1000 to $1200, but we don't know for sure. Better to buy a small amount daily to keep your savings in Bitcoin. Of course diversify in a little Gold and Silver, Real Estate/Land and/or small amount in conventional stocks like REIT's, Mining Companies and other industries. David BTC Silverspoon  |
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Dude, do you know what you need to read about? The alien theory and gold. There are some theories suggesting that aliens came to Earth and created humans to mine gold for them. A study by researchers at a University in USA and Germany studied the case of heavy metals of the Earth, gold in particular, they gave two surprising suggestions that gold would come from a supernova Look now, we are mining Bitcoin. Bitcoin is money 3.0 replacing gold  Hi LeGaulois! It's a pleasure to chat with you. Yes, I have heard this before. I am heavy into precious metals and the more I learned about Bitcoin and it's properties, the more I became obsessed with it as a store of value. I first started on my journey by reading Rich Dad, Poor Dad by Robert Kiyosaki. I then went through all the books he had ever written via audio. The last one on my list to read was Rich Dad's Guide to Investing in Gold and Silver. I wished I would of read this one first. I then started buying Silver when it was $36, by acquiring only a few ounces. I felt it was a little overvalued. I bought here and there while still keeping an eye on the price. My average dollar cost is now roughly $15-$17. Silver hasn't done much but with a ratio to gold of 75 to 1, I still say it's a screaming buy. Bitcoin is a smaller market and if less than 3% of the population invest in Precious Metals then that means about .001% of the population invests in Bitcoin and other cryptocurrencies. We are almost at $45 Billion marketcap for all cryptocurrencies with Bitcoin taking up $25 billion of the total. We will reach a $50 billion marketcap in Bitcoin by 2020, at least I feel we will. |
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Out of all the Bitcoin Documentaries, I like this one the most! Does anyone have any other good Bitcoin Documentaries suggestions? Thanks in advance! David BTC Silverspoon |
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I suggest keeping a few paper wallets (cold storage) in a few different places. 0.01 to 0.1 Bitcoin in a variety of paper wallets, small amount on a TorWallet.com, hardware device like KeepKey.com, also blockchain.info for your virtual wallet when you pick up from LocalBitcoins.com. Keep them out of exchanges, just use them to purchase then move Bitcoin and other crypto as quick as you can to an environment where you keep control. Remember if you don't hold it, you don't own it. |
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So are you saying that Satoshi Nakamoto is an alien? Since he is the one who invented Bitcoin in the first place. Oh wait, maybe the aliens gave Satoshi the source code of bitcoin technology and said to Satoshi that he invented it, not them and nothing more. Wow, the ET knows C Language!
Sorry but it sounds lunacy to me.
There is no monetary policy for BTC since no one can touch it.
BTC has its own set of monetary policies. It's decentralized transfer of value, only 21 million will ever be mined and its programmed to be deflationary. A rare commodity like gold and easily transferable across the internet. Some would say its even better than gold. Much lighter than carrying precious metals around. My dream was that et's brought us Bitcoin. It was just a dream, I realize this. I had other dreams/visions before. Say what you want but sometimes you need to think outside the realm of normal reality as you know it. David BTC Silverspoon |
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Maybe so! Nothing wrong with the shroomies . They definitely help broaden your horizon and connect with the universe to feel oneness. Does anyone really know where Bitcoin actually came from? Any theories of your own? Created by the Government/CIA/NSA? Having a leaderless community where authority is spread out may just be the best thing for Bitcoin anyways! Maybe we are being honey-potted but I think NOT!  A major force for a better monetary policy for the world! David BTC Silverspoon |
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I know this sounds crazy but I actually had a dream/vision about 3-6 months back that extra-terrestrials brought us Bitcoin to save our Monetary System from full collapse. I have been a silver bug for about 5 years now and continue investing in precious metals. However learning more about Bitcoin I got sucked down the rabbit hole. Been tracking Bitcoin around the time of MT. GOX, maybe a little bit before this. I can only remember faint parts of the dream, but when I awoke it was very clear to me that the idea wasn't too crazy at all. I always thought for gold and silver to go up everyone would have to dump their dollars and convert to gold and silver. The problem is, we are living in the age of the internet and IOT. Machines will talk to machines and they will trade value too. For fiat to go, a new system must take it's place. The more users who join the Bitcoin economy, the more valuable your Bitcoins will become. Is Bitcoin the alien? The machine? I read technological Slavery and thought a lot about Bitcoin and it actually becoming conscience. Is bitcoin a machine living organism. Flower and other plants actually grow and train humans to take care of them, when we think it's the other way around. Watch http://www.pbs.org/thebotanyofdesire/. Machines can be organic and maybe this is the beginning of a new era in human nature. One where Nature and Machine become one. ~David BTC Silverspoon  My Public Bitcoin Wallet  |
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I must say its been nice seeing this run up in Bitcoin and all cryptos overall. You know this is only the tip of the iceberg. I suspect a $300-$500 pull back any day now. I am very optimistic for Bitcoin over the next decade. I use the 80/20 rule when using Bitcoin. Save 80% and make transactions with the other 20%. We must use the platform and support the miners. I also like to buy small daily amounts of Bitcoin from $5 to $15 daily. In this environment you never know will the price will go. Using Bitcoin's momentum by investing daily while dollar cost averaging is the sanest way to go about it. When a large pull back comes along, say 10%-50% in losses be ready to take advantage. Always have fire sale money on the sidelines for moments like these. David BTC Silverspoon
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I believe educating our children is the single most important way we can empower Bitcoin's future users to ensure its remains a growing success. Also teaching the senior community could be a good use of time too. My gramps loves the latest technology. Doing a lot of microtransactions or making small bets like playing poker or Loteria a Mexican lottery/bingo game could be a good way as well. Bitcoin takes a lot of educating and no matter how you try to spin it, you mine as well say Bitcoin was brought to us by Aliens or Humans from the future to save us from our current monetary system. I feel its more education than anything, honestly for someone like myself I heard of bitcoin way back in like 2010 or so, sounded interesting wanted to spend 20$ on buying some but opted not to (bad decision could have made some money). The reason why I didn't? It was confusing as hell to understand how to even get started. Fast forward now to 2017, I'm only starting to get in on this, and why? Because there are slightly more resources now to understand what in the world bitcoin actually is and how to actually get started.
Maybe if one day from an early age if people's kids are taught how to use bitcoin and what it is, then it will become more mainstream.
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