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[Jack1Rip1BurnIt]

Dude needs to buy some bitcoins, or he's gonna totally miss out.

[istar]

Bitcoin have more value than most physical stuff.
Important information, news, music, gossip, ideas, humor, all things valuable but not "physical".

[DobZombie]

But don't listen to him
or me or anyone else sending warnings - go with the herd, you increase your chance of not being picked by a bad nasty wolf!

If we all "WITH THE HERD" we would have put all our effort into buying shares, instead of bitcoins.

Most of the stuff you invest/buy nowadays isn't physical.  Much of the share market is just 'bets' on whats going to happen in the future?

Where would you prefer to put your money?  Somewhere the government/bankers can't touch it?  Or give it to a bank to go on a gambling binge?

o.0

[DobZombie]

But don't listen to him
or me or anyone else sending warnings - go with the herd, you increase your chance of not being picked by a bad nasty wolf!

If we all "WITH THE HERD" we would have put all our effort into buying shares, instead of bitcoins.

You invest in Bitcoins so you think you're not with herd? Right, you are with small group, which is part of the herd, sorry.

Which makes you part of the herd

SORRY

[DanielBTC]

I know it.. eveyone is going to buy 'real stuffs' insanely, the prices grow up, your money lose the value it's called inflation. 

"You need to consume! More and more!" That is the 'mantra'
you need to maintain this 'real monetary system pyramid'.. go herd go.

[bobitza]

Think about it before you invest money into Bitcoins. After all, electricity is not guaranteed. If systems fails, electricity fails as well.

That's the main argument of Gold vs. Bitcoin.

But look at it from this perspective: where do you see humanity going to?

A. Internet, telecommunications, self-driving cars, airplanes, robots, all connected, etc.

B. Some zombie apocalypse scenario where there is no electricity, roads, communications, etc.

Even if you consider B, then losing the Bitcoins savings is the least of your worries. Your only true value assets would be the guns, the ammunition and the canned food you have.

[herzmeister]

And nice follow-up, with absolutely justified Bitcoin-as-safe-heaven bashing:

http://www.youtube.com/watch?v=B-MY3mNadU8

That guys is famous here already.

[molecular]

As expected - when it's about important stuff, there's one reply. When it's about unimportant stuff, there are pages of replies.

Sorry, didn't watch. It's rawdog??? Well, can't listen to the dude anyway.

In case his point is: in a really bad collapse scenario bitcoins are useless:

I agree: in a total economic collapse scenario, bitcoins suck.

That's a big part of the reason why I have a little silver/gold, too.

Actually one should probably have weapons/water/supplies of all kinds for such a scenario. And cigarettes (might be used as money) or honey or some stuff like that. Carrots?

[MooC Tals]

My grandfather  had a donkey that was very stubborn and needed beatings to get it to move in the direction they needed him to move.

One day my father was told to grab the donkey load him up with what had to be sold in the market. To make a long story short sometimes you put a bag over his head to have him stop.

So what happened is the bag was over his head and he kept moving forward but there was a wall in front of the idiot as hard as my dad tried to save him from slamming the wall the donkey stubbornly pressed forward.

So my dad let go


Moral of the story? You can't save these asses from hitting the wall especially the stubborn ones.

Hope everyone enjoyed this story and YES it is a true story.

[MooC Tals]

http://www.youtube.com/watch?v=RgSz3NPv0sk&feature=g-u-u

Thought you would find a bit of Canadian Intel refreshing.

[warbdan]

Gold IS a real resource, that's why the government has confiscated it once already. Gold has only been legal to hold this time since 1975. What's to say they won't confiscate it again?

Bitcoins may not be tangible, but I feel they are superior to gold in that there is NOTHING the government can do to them. As long as the users of Bitcoin agree it has value, it has value. Almost like bartering. I like bartering too.

[DobZombie]

And the government will only give bitcoins value if they can find a way to tax it

[Arto]

Think about it before you invest money into Bitcoins. After all, electricity is not guaranteed. If systems fails, electricity fails as well.

That's the main argument of Gold vs. Bitcoin.

But look at it from this perspective: where do you see humanity going to?

A. Internet, telecommunications, self-driving cars, airplanes, robots, all connected, etc.

B. Some zombie apocalypse scenario where there is no electricity, roads, communications, etc.

Even if you consider B, then losing the Bitcoins savings is the least of your worries. Your only true value assets would be the guns, the ammunition and the canned food you have.

Exactly. Should electricity go, Bitcoin would fall pretty far down on my list of priorities. It'd be back to barter for immediate needs, with gold/silver coinage slowly reemerging over the subsequent years.

That's a big part of the reason why I have a little silver/gold, too.

Actually one should probably have weapons/water/supplies of all kinds for such a scenario. And cigarettes (might be used as money) or honey or some stuff like that. Carrots?

Don't forget condoms and birth-control pills. If SHTF, diminishing stockpiles of both would quickly become very valuable indeed.

[Jack1Rip1BurnIt]

Just to clarify what I said earlier about Rawdog needing to buy some bitcoins, I didn't say he needs to invest every last fucking cent into them. I just think he needs to invest in a few, you know expand his portfolio. Just sayin'

p.s. - I watch the guy's videos every now and then and have been for a few months, I'm planning on making a move into silver after my asics arrive and I can determine how much I can invest.

[bitboyben]

imho fractional banking system = no debt no money supply. Debt is necessary.
Bitcoins? It is something. not less than nothing.
Gold? I like silver more useful but whatever.

[damnek]

The latest Keiser report:

https://rt.com/programs/keiser-report/episode-358-max-keiser

And nice follow-up, with absolutely justified Bitcoin-as-safe-heaven bashing:

http://www.youtube.com/watch?v=B-MY3mNadU8

That second video is not a follow-up of Max' episode.

[molecular]

Gold IS a real resource, that's why the government has confiscated it once already. Gold has only been legal to hold this time since 1975. What's to say they won't confiscate it again?

Bitcoins may not be tangible, but I feel they are superior to gold in that there is NOTHING the government can do to them. As long as the users of Bitcoin agree it has value, it has value. Almost like bartering. I like bartering too.

Bitcoins are tangible in the way that counts when talking about money: you can deny access to them.

"If you can't touch it, you don't own it" really is in more general terms: "If someone can take it from you, you don't own it"