david morgan

[smoothie]

He's aware of Bitcoin.  He was a Twitter follower of mine and also followed my blog.

Yes and he breaks that statement about old dogs and new tricks...

reading an article or a twit about bitcoin is much different then going out and actually downloading the client
and acquiring 10 BTC. you will always find exceptions. I see a few on this forum.

if those metal gurus ever started preaching about bitcoin all the hard core gold/bullets/food bugs would
drop them so fast and laugh at them. To think they should spend their gold/silver or current fiat holdings
for something like bitcoin which is a digital currency is very funny.

50 and 60 year olds know about the metals from past experience in the 80s. they saw the elephant with their
own eyes. to expect them to learn a new trick, attempt to understand why bitcoin is useful, why it could
possibly have value, will just glaze over their eyes. they will just continue to stack those metals.

fiat == bad. inflation. govt. corrupt
digital currency == worse. no intrinsic value. no long history. can disappear with a crash of a PC (pls don't bother with saying backups, they have enough trouble holding onto digital pictures), limited acceptance in places they frequent, etc...
metals == i control it. always has value. never goes to 0. chance to keep up with inflation. etc...

Wow I read the first two sentences of what you wrote and couldn't read anymore.

Someone has a sour attitude towards the metal gurus.... 

metal gurus are useless. a blind squirrel should have saw the nut that 7-10 silver was.
i went through 1000s of ounces selling on ebay with the stupid premiums people paid.
non stop flipping until it went to about 20 an ounce. That is when I stepped back and said
it was a good ride but i no longer think silver is worth 20 an ounce. let others take the risk.

sold my gold coin collection (liberty half eagles 1839-1908) and put it as down payment on the
house i am living in. housing market crash was good timing to purchase.  gold is over priced when
coming out of the ground at 600-800 an ounce.

then i decide i no longer want metals, i have my house, i think stocks are cheap. especially dividend paying
stocks. people sold them off. i bought those. good times there. now they are expensive though.

i do not bother listen to metal gurus who say the same thing decade after decade.. finally getting it right
this decade. i think for myself. i look for next opportunity.

so i am not sour on them. i am bored of them. like listening to a parrot screeching for a cracker.

when people want bitcoins, bitcoins, bitcoins.. i want out of them. time to sell. sell as fast as you can.
move on to greener pastures that have more potential. nothing wrong with a profit!

old dogs, new tricks. they will not get bitcoin. no interest in it. they know gold and silver though. and as
before they will ride it up up up.. and all the way back down. commodities have been doing this cycle for
200 years.

end rant.

Seriously you are wasting your time typing all of that. I read 3 words and stopped and replied here.

 

From the looks of it you appear to be useless given that I refuse to even read what you type.

LOL!

[fcmatt]

He's aware of Bitcoin.  He was a Twitter follower of mine and also followed my blog.

Yes and he breaks that statement about old dogs and new tricks...

reading an article or a twit about bitcoin is much different then going out and actually downloading the client
and acquiring 10 BTC. you will always find exceptions. I see a few on this forum.

if those metal gurus ever started preaching about bitcoin all the hard core gold/bullets/food bugs would
drop them so fast and laugh at them. To think they should spend their gold/silver or current fiat holdings
for something like bitcoin which is a digital currency is very funny.

50 and 60 year olds know about the metals from past experience in the 80s. they saw the elephant with their
own eyes. to expect them to learn a new trick, attempt to understand why bitcoin is useful, why it could
possibly have value, will just glaze over their eyes. they will just continue to stack those metals.

fiat == bad. inflation. govt. corrupt
digital currency == worse. no intrinsic value. no long history. can disappear with a crash of a PC (pls don't bother with saying backups, they have enough trouble holding onto digital pictures), limited acceptance in places they frequent, etc...
metals == i control it. always has value. never goes to 0. chance to keep up with inflation. etc...

Wow I read the first two sentences of what you wrote and couldn't read anymore.

Someone has a sour attitude towards the metal gurus....  

metal gurus are useless. a blind squirrel should have saw the nut that 7-10 silver was.
i went through 1000s of ounces selling on ebay with the stupid premiums people paid.
non stop flipping until it went to about 20 an ounce. That is when I stepped back and said
it was a good ride but i no longer think silver is worth 20 an ounce. let others take the risk.

sold my gold coin collection (liberty half eagles 1839-1908) and put it as down payment on the
house i am living in. housing market crash was good timing to purchase.  gold is over priced when
coming out of the ground at 600-800 an ounce.

then i decide i no longer want metals, i have my house, i think stocks are cheap. especially dividend paying
stocks. people sold them off. i bought those. good times there. now they are expensive though.

i do not bother listen to metal gurus who say the same thing decade after decade.. finally getting it right
this decade. i think for myself. i look for next opportunity.

so i am not sour on them. i am bored of them. like listening to a parrot screeching for a cracker.

when people want bitcoins, bitcoins, bitcoins.. i want out of them. time to sell. sell as fast as you can.
move on to greener pastures that have more potential. nothing wrong with a profit!

old dogs, new tricks. they will not get bitcoin. no interest in it. they know gold and silver though. and as
before they will ride it up up up.. and all the way back down. commodities have been doing this cycle for
200 years.

end rant.

Seriously you are wasting your time typing all of that. I read 3 words and stopped and replied here.

 

From the looks of it you appear to be useless given that I refuse to even read what you type.

LOL!

 :-P

bitcoin bubble part duex. prepare your exit plan kids.

[Serge]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snip 'em up at wholesale discount again

[fcmatt]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

[adamstgBit]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

the wall at 13 will hold...

OH SHIT NO WALL!

Edit: now theirs a wall

[smoothie]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

fcmatt thanks for the concern about out exit strategy.

Why don't you go back to ranting about metals gurus? It suits you! 

[Serge]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out.

i'll just buy more at super cheap rates if we get to it which i highly doubt.  i'm not selling while there is strong demand out there. last year i did well on down trend but i'm staying out on uptrends - i lose more this way if i trade on up.
exit plan: retire on Bitcoin =)

[fcmatt]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

fcmatt thanks for the concern about out exit strategy.

Why don't you go back to ranting about metals gurus? It suits you! 

smoothie, why is your ignore link under your name high lighted?

[smoothie]

i am not useless. i can be used as bad example. :-P

bitcoin bubble part duex. prepare your exit plan kids.

IF that happens we'll just snap 'em up at wholesale discount again

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

fcmatt thanks for the concern about out exit strategy.

Why don't you go back to ranting about metals gurus? It suits you! 

smoothie, why is your ignore link under your name high lighted?

Because I end up trolling people like you so hard that you end up having nothing to say in retort so the ignore button gets pushed. 

[sunnankar]

All the big names like Gerald Celente, Mike Maloney, Alex Jones, etc....are all not aware of bitcoin 100% completely. I know AJ is a little.

Mike Maloney knows, or should know, about Bitcoin because I had an hour long lunch with him where we discussed it in depth.

And Mike is not the only one; I have spent considerable time discussing Bitcoin in depth with many of the various writers. A few of them get it and most of them do not. There is a huge learning curve with Bitcoin and it takes a tremendous amount of monetary science, cryptography, computer science, economics and other disciplines to really grasp it. Of course, the best way to learn is to do it. So, refuse to buy their stuff until they accept Bitcoins. That will help them learn real quick!

But they will get it faster than your local idiot peddling MBSes at Wells Fargo.

[smoothie]

All the big names like Gerald Celente, Mike Maloney, Alex Jones, etc....are all not aware of bitcoin 100% completely. I know AJ is a little.

Mike Maloney knows, or should know, about Bitcoin because I had an hour long lunch with him where we discussed it in depth.

And Mike is not the only one; I have spent considerable time discussing Bitcoin in depth with many of the various writers. A few of them get it and most of them do not. There is a huge learning curve with Bitcoin and it takes a tremendous amount of monetary science, cryptography, computer science, economics and other disciplines to really grasp it. Of course, the best way to learn is to do it. So, refuse to buy their stuff until they accept Bitcoins. That will help them learn real quick!

But they will get it faster than your local idiot peddling MBSes at Wells Fargo.

So what were his thoughts on bitcoin?

[Cablez]

Yeah, I am curious too. Did he get it or does he see the potential?

[cypherdoc]

All the big names like Gerald Celente, Mike Maloney, Alex Jones, etc....are all not aware of bitcoin 100% completely. I know AJ is a little.

Mike Maloney knows, or should know, about Bitcoin because I had an hour long lunch with him where we discussed it in depth.

And Mike is not the only one; I have spent considerable time discussing Bitcoin in depth with many of the various writers. A few of them get it and most of them do not. There is a huge learning curve with Bitcoin and it takes a tremendous amount of monetary science, cryptography, computer science, economics and other disciplines to really grasp it. Of course, the best way to learn is to do it. So, refuse to buy their stuff until they accept Bitcoins. That will help them learn real quick!

But they will get it faster than your local idiot peddling MBSes at Wells Fargo.

Beginning of Story:

Setting:  sunnankar and GoldBug, Mila Kunis, trudging thru The Book of Eli desert wastelands.

Goldbug:  .......I just don't get it, this thing called Bitcoin.

sunnankar:  You will.  after all, which is lighter?  This USB stick in my pocket or that backpack full of gold you be luggin'?

Goldbug:  Well, nevermind you, the spot price; it's physical that counts.  Plus, if you were a Real Man you'd carry it for me.  AND, the length of that USB stick is physically about all you got btwn your legs anyways, punk!

sunnankar:  Ooh, gettin' testy, eh?  Nuttin', worse sexier than an irate female Goldbug.  Nah, I just let you physically struggle.

Goldbug:  STFU!

a half hour later....

sunnankar:  Damn, I'm thirsty.

Goldbug:  There!  Can you see it?!!!  That shimmer off in the horizon!

sunnankar:  Water?

Goldbug:  No?!  It says....wait......Run.....To..................................Bitcoin! RunToBitcoin.com?  WTF ?

sunnankar:  Uh, well, ur.....see.  See!  There you have it!

End of Story

[bitarrow]

All the big names like Gerald Celente, Mike Maloney, Alex Jones, etc....are all not aware of bitcoin 100% completely. I know AJ is a little.

Mike Maloney knows, or should know, about Bitcoin because I had an hour long lunch with him where we discussed it in depth.

And Mike is not the only one; I have spent considerable time discussing Bitcoin in depth with many of the various writers. A few of them get it and most of them do not. There is a huge learning curve with Bitcoin and it takes a tremendous amount of monetary science, cryptography, computer science, economics and other disciplines to really grasp it. Of course, the best way to learn is to do it. So, refuse to buy their stuff until they accept Bitcoins. That will help them learn real quick!

But they will get it faster than your local idiot peddling MBSes at Wells Fargo.

Beginning of Story:

Setting:  sunnankar and GoldBug, Mila Kunis, trudging thru The Book of Eli desert wastelands.

Goldbug:  .......I just don't get it, this thing called Bitcoin.

sunnankar:  You will.  after all, which is lighter?  This USB stick in my pocket or that backpack full of gold you be luggin'?

Goldbug:  Well, nevermind you, the spot price; it's physical that counts.  Plus, if you were a Real Man you'd carry it for me.  AND, the length of that USB stick is physically about all you got btwn your legs anyways, punk!

sunnankar:  Ooh, gettin' testy, eh?  Nuttin', worse sexier than an irate female Goldbug.  Nah, I just let you physically struggle.

Goldbug:  STFU!

a half hour later....

sunnankar:  Damn, I'm thirsty.

Goldbug:  There!  Can you see it?!!!  That shimmer off in the horizon!

sunnankar:  Water?

Goldbug:  No?!  It says....wait......Run.....To..................................Bitcoin! RunToBitcoin.com?  WTF ?

sunnankar:  Uh, well, ur.....see.  See!  There you have it!

End of Story

lol
now rewrite it in the setting of MadMax

[cypherdoc]

apparently my story went over most everyone's heads. 

[DublinBrian]

The following people should be able to grasp bitcoin because they have both monetary and technological awareness.

Eric Townsend
Chris Martin
Marc Faber
Karl Denninger

I emailed Denninger and asked him to accept bitcoin payment for premium access to his forum, but the email bounced. But I know he's aware of bitcoin because he mentioned it on his blog. He seems to be against it. He calls himself a libertarian, but he supports the government, the dollar and is against Ron Paul! Go figure!

[minorman]

The following people should be able to grasp bitcoin because they have both monetary and technological awareness.

Eric Townsend
Chris Martin
Marc Faber
Karl Denninger

I emailed Denninger and asked him to accept bitcoin payment for premium access to his forum, but the email bounced. But I know he's aware of bitcoin because he mentioned it on his blog. He seems to be against it. He calls himself a libertarian, but he supports the government, the dollar and is against Ron Paul! Go figure!

+1
I would add Jim Rogers to that list. He is a notorious commodities bull (loves agriculture, silver, lead, ect.) and extreme sceptic of central banks (Ron Paul style). Once he understands bitcoin, I'm sure he would love it too.

[cypherdoc]

The following people should be able to grasp bitcoin because they have both monetary and technological awareness.

Eric Townsend
Chris Martin
Marc Faber
Karl Denninger

I emailed Denninger and asked him to accept bitcoin payment for premium access to his forum, but the email bounced. But I know he's aware of bitcoin because he mentioned it on his blog. He seems to be against it. He calls himself a libertarian, but he supports the government, the dollar and is against Ron Paul! Go figure!

seems to be more of a crapshoot than that.  unfortunately, it seems its more dependent on age than anything, sunnankar being the quintessential example of a goldbug who got it but only b/c his testosterone is still raging  .  but that doesn't explain me, a boomer, who got it a long time ago.  more probably it has to do with computer literacy and a willingness to dig in, learn, and think non-linearly.

[bitcon]

precious metals are also easily stolen if not secured properly, so saying the same for bitcoins does not really give that argument much of a leg to stand on.

[smoothie]

precious metals are also easily stolen if not secured properly, so saying the same for bitcoins does not really give that argument much of a leg to stand on.

Basically gold/silver and bitcoin have their pros and cons to having invested in them.

The reason why I still buy silver regularly.