10 -15 million ti invest it bitcoin? you dont know how much much the price for bitcoin in the next few years and still you invest it like alot of them. It just wasting you money. If I were you, I sure make a useful things with that money and no need to spend it like this. Nope the millionaires didnt do the same as you did. They will plant everthing very cautious
Satoshi didnt sold his bitcoin, and i`m sure he is a multi millionaire, if not almost billionaire. So i`m sure most millionaires do the same. C`mon i`ve seen videos on youtube, miners bought ferraris. Of course they spent their fortune, but i`m also sure they kept a few ten-thousand bitcoins just in case it will go much higher, besides they are comitted to bitcoin. Otherwise, diversification is the best, i would have invested that money in other things too not just bitcoin, in case bitcoin collapses (very unlikely) |
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It is no good trying to switch to a different theme. Gold is money, and, as a matter of fact, it is the best money out there yet (whatever they might say to the contrary). That's why central banks all over the world (including the ones of the most developed countries) are hoarding it...
No central bank is hoarding it except from the BRICS. The others couldnt care a shit about gold and they are already working on their next ponzi schemes, the SDR instruments issued by the IMF. Okay, could you please post a time chart proving your point which shows time dynamics of gold reserves of the first 4 top gold holders (a hint, these are most developed Western countries)...      And its not just that their gold reserves are not rising (but falling sharply)
Its also their debt rises exponentially so their gold reserves is useless, if i were them i would have sold them too.Check the debts here: http://www.nationaldebtclocks.org/ |
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Compound interest is the magic. Here is well explained what compound interest can accomplish for you: http://www.daveramsey.com/blog/how-teens-can-become-millionaires/The thing is that people tend to live on today never worrying about future. One could easily retire at age of 50 with a million bucks but nobody wants to do this. Of course they are, especially in the euro zone let's see how much you can earn. Starting from 2.000€ with current interest rate of 0.15% starting from now: year sum yearly interest rate 2015 2000 € 0.15% 2016 2003 € 0.05% 2017 2004.0015 € 0.01% 2018 2004.2019 € -0.05% 2019 2003.199799 € -0.1% 2020 2001.196599 € -0.5% 2021 1991.190616 € -1% 2022 1971.27871 € -2% 2023 1931.853136 € -5% 2024 1835.260479 € -10% 2025 1651.734431 € -15% 2026 1403.974267 € .... Wow bro I`ve really became rich by compounding my 2000€ in a Eurozone Bank, not to mention that by then the inflation would probably be around 300% so yeah, my -600€ net profit really beated inflation. Keep the good work up and spread this information, its really wise  |
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Very sensual and innocent, i would love to meet that girl. Just remember. If they don't want your kids, they want your money. And if they WANT your kids, they'll get your money too. Nothing wrong with giving away your money or having kids with someone. Just be aware...  Thats our role. We compete for pussy, then we fuck them, then they expect us to keep them and pay for them. If we want children then they insist on marrying and steal half of our wealth after divorce. If we just have only a 1 night stand and leave them afterwards then they call us pigs and exploiters. Ah what a fucked up world... if it fly's, fucks or floats; rent it!! Does anyone know her name? xD The lucky guys that get to fuck her also do, they scream her name when they cum so they will remember it |
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I wouldn't either, but surely not for the reasons you mentioned. We mostly don't have slavery by now since it is an inefficient form of economy at the present level of technology in the first place. Burning people at stake en masse is also economically counterproductive...
And I'm not certain about increasing equality
Most people are still dumb ,but the situation is favorable, the dogmatic world views are cripling and people start to become more peaceful in general. Of course that can easily reverse, there is no permanent achievement in humanity, but i`m sure also our genetics have been improved in the last 2000 years. I hope our tribal/primitive genes will be turned off from our DNA.Other than that, hope that people will start to be not so ignorant. |
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It is no good trying to switch to a different theme. Gold is money, and, as a matter of fact, it is the best money out there yet (whatever they might say to the contrary). That's why central banks all over the world (including the ones of the most developed countries) are hoarding it...
No central bank is hoarding it except from the BRICS. The others couldnt care a shit about gold and they are already working on their next ponzi schemes, the SDR instruments issued by the IMF. They are probably hoarding that, not gold. Gold could have an uptrend after the certificate ponzi scheme implodes, but still that is only a relativity effect as I told you before, the absolute value of gold hasn't increased in 300 years, infact it decreased as the absolute value of products decreased (plenty effect & general GDP growth). So the only reason the relative value Gold could go up in the next years if the gold derivative ponzi implodes, is because the other currencies are toilet paper. But the absolute value of Gold won't go up. In fact it has a long term downtrend, as it's going out of trend, a few electronic pieces here and there and a few jewelry but other than that, nobody is holding gold bars at home, and i`m sure they wont do it later too. So for a short term speculation gold is good, but i would not hold my wealth for 20 years in it. |
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I understand your point, and if people really select bitcoin, it will be like the free market as you described. But the reality is that average people still don't choose bitcoin, maybe never will, because of the fiat money's domination in people's life: As long as they unconsciously use fiat money to measure value, it means fiat money is already rooted deeply in their thoughts. The free competition phase has already passed long time ago
And now when fiat money is dominating, it will use all the possible tools to crash the bitcoin if it ever becomes some kind of threat, currently banks don't care since bitcoin is just too small
Nonsense, most people still dont even heard about bitcoin if i go out the street and ask 50 people of age 15-25 i bet 90% of then havent heard of bitcoin, even if they stay in front of the PC all day. (and the 15-25 age group is usually the most aware, you wont see 80 year olds mining bitcoin lol) Most people dont even know what money is, you cant expect the whole world to jump in the uncertain boat of bitcoin in 6 short years? They still obey, and they do what they are told to, if the government would tomorrow say that bitcoin is now the official currency , then they would use it, but otherwise it will be a slow process. Friends need to tell friends, and there must be many merchants, even local barbers or ministores, to spread awareness, that accept bitcoin. And that could take another 10-15 years, in normal pace, of course unless the fiat system collapses in the next 1-5 years (which is also likely), then it will be much faster |
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Okay let me rephrase the question. What would you do without insight into the future? So assuming that you don't know which direction the markets and certain assets are going to go, to exploit for financial returns.
I would invest anyway, i was investing by then, when i was in college i played around with stocks. If i would knew that bitcoin was such a great investment i would have invested in it, it was very close but i missed it.  |
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However i was talking about western central banks, there guys are really broke, probably hold 1-2% or even less in gold, and the debt is perpetually growing. I`m not even sure why they even hold gold at all when their debt is by orders of magnitude larger.
Germany's Bundesbank is not one of the Western central banks, I guess? What about the Fed then, which has around 6,000 tonnes of gold held at its NY vaults? Italy and France come after the USA and Germany in total gold reserves. Still wanna talk about Western central banks void of gold? Nominal value doesnt matter when we also got quadrillions of debt. See the debt/gold reserve ratio and then come back again, you will see the gold reserve compared to the world debt or that regions debt is insignificant. That 6000 tonnes of gold cant even pay 3 months of USA debt interest, let alone the entire debt lol. |
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Great point! That's the reason I don't really believe in totally free market, since the rule of "winner takes it all" applies not only to power, but also to intelligence. In a totally free market, the less intelligent people will become the slaves no matter how hard they work/think
And awareness can only reach certain level. Today's financial system is too complicated for normal people to understand, I have met several professors from different economy school, almost none of them really understand the essential of the fiat money system
So a better solution is to give people choice: People have the freedom to select whatever monetary system they like, so that if one system is total slavery, the opposite system might be the way to total freedom. No matter how rosy picture the central banks paint about their fiat money, if people using bitcoin get much better life, then the fiat money will get less and less attractive
If people have tried both alternatives and none of the choices will give them freedom, then most likely the problem is not located at the monetary system, but some other area. But at least they can give it a try for an alternative system, and I doubt most of the social problem is caused by fiat money, since it involves action of crime: Stealing and robbery, at GDP scale
HOW IS THAT NOT A FREE MARKET? Wtf are you talking about. That is exactly the definiteion of free market. People voluntarly choosing between the products and services they want to use. If 1 product turns out to be a scam they can embargo and boycott it. If you introduce a regulator into the market then that itself will take advantage of it, as its much easier to corrupt the regulator than the market itself. Easier to pay off 1 state bureocrat than 10000000 customers dont you think? Please rethink your logic, because its nonsense. |
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You'd actually better investigate into this matter yourself. Bundesbank has been successfully retrieving its gold from Paris and New York vaults recently: I havent been in the loop with the gold market as i dont trade it now, but good for them then. China and India have long been net buyers of gold, and now Russia has started buying gold too. Surely not something that anyone would call as "central banks nowadays hardly having any gold"...
Yes i know about that too, australia and new zealand their main exporter. I knew about china for a long time, but i also know that those numbers are underestimated. Some conspiracy theories say that china has way more gold then it recognizes as it's imported inside secretely by private entities on behalf of the government. Also including the fact that the gold certificated and other gold ponzi schemes hold the gold price artificially low, as there are 1000x more of them then gold in the world, gold can easily go up soon. However i was talking about western central banks, there guys are really broke, probably hold 1-2% or even less in gold, and the debt is perpetually growing. I`m not even sure why they even hold gold at all when their debt is by orders of magnitude larger. The gold standard was set to make the gold a collateral for those loans and pay off the entire debt , but now as the debt is 10000x larger its really useless. |
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Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong.
I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece.
The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that.
So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that.
What do you think? Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.
Thats 1 outcome i dont want to see. If they push for centralization and taking over sovereign countries, then they will create an United States of Europe, which is probably their long term goal. These are cunning globalists who want a 1 world government after all. |
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If we take the premise of the environment being everything as the source of the outcome, it wouldn't matter because genetics would dictate how you react to said environment, which means that if you try to change the environment it was because your genetics allowed to do so, therefore rendering free will irrelevant as we know it.
I`ve heard that argument before, i`m not sure where but i think a philosopher said this once: "The enviroment creates the organism and the organisms shape the enviroment"It can be interpreted as a hybrid form of free and non-free will. I dont think its a black and white situation. Although i still think free will is as it is free, but even if you think otherwise, the mere thing that the enviroment is shaped (wind makes the mountain erosion, or ocean makes the beach) its still in some sense the organism having free will to shape the enviroment. Therefore doesnt matter what perspective you look in from: Free will is valid in all cases. |
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Well the main challenge really is increasing the awareness of humans, but there are so many forces that benefit from having an ignorant population. We have a bullshit education system that maintains that ignorance, where the values and grading system are almost upside down. Look at a group of ultra successful people - it's interesting to see how many dropped out of school, likely because they didn't see value in it.
I'm afraid this won't work. If you somehow increase the awareness of humans at large, this should also increase the cunning of your "sociopaths" and their skills at fooling the general populace. So, in the end, we will most likely have absolutely the same result as we have today... Thats nonsense, the sociopaths already control everything and they are already very cunning. But if you make your average savage trendy leftist a well informed and peaceful person, then you (on average) increased the wisdom and understanding of the average people. Now they will still fall for some smaller scams: psychics, alternative medicine, sorcerers and other frauds, but they wont fall for the bigger scams: democracy, voting and state. |
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And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?
Greece is strategically located in the Balkans, connecting European trade routes with those originating from Asia. Russia and China might be interested in gaining access to the ports and straits in the region. Also, Greece might become an important transit route for the various natural gas pipelines, which are currently in construction (Nabucco and Turkish Stream). Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong. I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece. The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that. So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that. What do you think? |
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I know some people who just go out and spend a ton of money for the heck of it... It seems like women in particular do this with getting tons of clothes etc, though I know of a couple men who buy new cars every year just for the heck of it. If this kind of needless spending was avoided, maybe they wouldn't constantly have debt to worry about. If people focused on making things (writing, playing music, building, drawing, programming) for fun instead of consuming things (eating out, buying tons of junk, going to movies) then they would probably be a lot better off.
Bro i know a guy who changes his phone every fucking month, its not just women. Then i know a couple who go on vacation every single weekend. People are addicted to consuming. I`m not saying dont do it, you must live your life until you can, but i`m saying most of these people (since they dont have any reserves) end up heavily in debt once shit hits the fan, or become homeless easily. Wreckless spending and not paying attention to your money can cost you dearly after something unfortunate happense to you, so i think everyone should have reserve money, which is exactly what the current monetary system discourages!
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If you could go back and choose another type of education, would you change it given what you said above?
If I could do it over, I'd either go into neuroscience, engineering or technology (science/physics background). Business is a pretty bullshit subject to study in university as you mentioned, it's easy to learn online through research.
If i could do it over, i would not have gone to university, i would have even quit school. I would just waited until 2009 and saved money until then (probably asked some money from parents and would went to a low paying job), then buy bitcoin back in 2009 and now be filthy rich. You always need your degree for the first thing to do in your life altough you said that you do a full time job for a bitcoin but the price is so volatile and are you going to sacrifice all things just to wait this bitcoing going high? Let say that you are rich for that time, are you gonna live only for that moment? No i would have bought myself the things i`ve needed, then extracted a few more millions and put those in some safe investments in case bitcoin would be gone (i could not know the future in 2013). And i would have kept like 10-15 million $ in bitcoin just to see what happens with it. I`m sure most of the bitcoin millionaires did the same, nobody just let all their earnings in bitcoin, and nobody converted them all back into fiat. All of them have hybrid portfolios by now. |
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well, when I get my long-awaited Jr. Member status ...  My Total time logged in only : 8 hours and 55 minutes... It needs about 1-2 weeks since you created your account. You also need to post more. |
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However they don't need gold. Central banks nowadays hardly have any gold (in the western world atleast) and they dont really want people to reuse gold again, so they will most likely push for the digital version of it.
By this you confirm that you know next to nothing about the issue in question (and, as I can guess, about gold in general). I can only suggest that you investigate the matter a little deeper (and especially regarding central banks, and the ones in the western world in particular)... You may want to start with the German Bundesbank (this is a hint) China is buying gold secretly? The Bundesbank stores all his gold with the USA which refuses to pay them and will pay it in the next 11 years... I know about those, but you dont understand me. They will just use gold as a perception asset, as they got nothing better, but if you look at the charts then you will see that the real price of gold has been the same for atleast 300 years, and no increase in it. Now it increased relative to fiat, because the fiat is a toilet paper that is sinking in the toilet, but the purchasing power of gold havent. This is a good sign that the long term trend for gold is going down and people are losing confidence in it. |
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I'm curious whether it is really so hard to understand (my point)? No one is going to go just after you personally if government decides to ban bitcoin. If it is outlawed in earnest with real punishment up to, say, 10 years in prison (as had been the case with bullion gold in the USA), it means that someone (and, in fact, most bitcoin holders) will get caught eventually. But even before that people will shy from bitcoin (you guess what happens to bitcoin thereby), while to ban gold (including jewelery) would mean that virtually everyone should be stripped of gold...
Needless to say, the improbable ban of gold of this scale will most certainly cause social unrest we haven't seen for long and would be suicidal for any government (including dictatorship)
Well i dont think an allout ban on bitcoin wil happen because the thing is open source, anyone can remake it very easily. You will need 10 new agencies to be created to monitor "illegal bitcoin holders" which neither the governments have money for, nor they are willing to do (atleast for the moment). Also they wont ban it because many big banks are interested in it, and these banks control the governments to, by banning it, they lose their core interests. Bankers also knwo that the game is about to go out, so they will just quickly switch to the new paradigm, so that it would look like our saviours that promote bitcoin just to save their asses, otherwise the angry mobs would hate them. So as I see a bankster push for bitcoin acceptance and technology, they wont ban it. Instead they will regulate it, and tax it, and try to drive out competition, once the big bank crypto currencies will be ready. I dont know who would buy GoldmanSachsCoin , but the fact is that both megabanks and governments need crypto currencies. However they don't need gold. Central banks nowadays hardly have any gold (in the western world atleast) and they dont really want people to reuse gold again, so they will most likely push for the digital version of it. I think gold is outdated, i cannot see people for 100 from now in flying saucers holding gold bars in their rusty gold chest when by then they could transfer digital money with their thoughts |
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