Bitcoin Forum
June 07, 2024, 11:13:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Liquid stores of wealth ideal for Bitcoin traders?  (Read 803 times)
Sage (OP)
Hero Member
*****
Offline Offline

Activity: 632
Merit: 500


View Profile
March 06, 2013, 11:29:20 AM
 #1

It may not be now, but this current price trend increase can't be sustained forever.  I want to be ready when the time is right to shift a percentage of BC into another asset class while the market corrects itself.  Then after another base is established move back into BC.

The question is what is a good, liquid store of wealth during that period? 

Gold? Maybe, but it's going through a bubble cycle right now too.  Plus transaction fees... cost prohibitive.  Then moving back into BC will be a hassle too.
Digital gold, like goldmoney?  Maybe.  But I can't do a straight goldmoney to BC buy later on.
Silver?  Same issues as gold.

Liberty Reserve might be a good option if a liquid LR to BC market gets established.  But it is pegged to the dollar.  And macro trends don't look too good for the dollar right now.

Anything else?

If you're not holding Bitcoins, what liquid stores of wealth would you shift to?
creativex
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
March 06, 2013, 12:01:45 PM
 #2

LTC, silver, BTC/LTC denominated securities, gold, bullets, high capacity semi-auto weapons. Probably in that order.

Gold and silver are not in bubbles imo, fiat just sucks and is getting suckier.

Merralea
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile
March 06, 2013, 12:21:35 PM
 #3

Can tell I haven't slept in a while; I saw "liquid stores of wealth" and thought you'd be extolling the virtues of stockpiling vodka.
I suppose it all depends on how long you think it will be between the peak and base establishment. If a few weeks or even months, it's not necessarily the end of the world to just hold USD for a bit.
Longer...well. The level of liquidity you're talking about pretty much limits you to virtual assets, and considering that alt-cryptos and related things will to some extent mirror a btc dip, that leaves wall street, if you're comfortable with it. Unfortunately most of that isn't in the most sustainable zone either. Perhaps a commodity basket, or an arms manufacturer?
Atruk
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
March 06, 2013, 12:57:23 PM
 #4

Gold? Maybe, but it's going through a bubble cycle right now too.  Plus transaction fees... cost prohibitive.  Then moving back into BC will be a hassle too.
Digital gold, like goldmoney?  Maybe.  But I can't do a straight goldmoney to BC buy later on.
Silver?  Same issues as gold.

Platinum might be an option, scarcity and the number of fairly unique industrial uses really help to set function price floor. That along with gold and silver are things you can take to a local coin dealer or pawnshop to get cash as long as you take acquire bullion. A healthy mix of metals can help lessen price shocks. As long as there's a dealer near you it is hard to beat the liquidity.

Digital Gold and anything like Liberty Reserve I'd avoid as long term stores of anything. They might be useful to put something in to pull off a transaction, but the risk of them becoming useless is necessarily high.

Can tell I haven't slept in a while; I saw "liquid stores of wealth" and thought you'd be extolling the virtues of stockpiling vodka.

Cashing out some bitcoins to build up the liquor stock wouldn't be a bad idea right now.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!