Jet Cash (OP)
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April 10, 2021, 01:37:21 PM Merited by hugeblack (10) |
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Bitcoin has alerted us to the possibility of build a capital asset with virtually no capital or cash expenditure. Well that window has closed, and you now need to spend £45,000 or so for a dingle Bitcoin. That quite a contrast to the collection of 50 coins in exchange for a bit of electricity. In my opinion, copper provides a means to build an investment ar virtually no cost. It won't be as spectacular as Bitcoin, but it can be a useful way to build a holding worth several £thousands. So how can you do it?
Most people throw out old microwaves, washing machines and other electrical appliances, and some even pay to dispose of them. Well, they contain useful amounts of copper wire which can be extracted for very little effort. The copper can be recovered from transformers, motors and power supplies, and often all you need is a screwdriver, a hammer and a cold chisel. Of course you need a secure storage location, it's best to keep quiet about your collection, as theft is rife in the world of metal recycling. Don't forget that if you have a metal recycling yard near to you, you can sell the unwanted steel to the yard. At the moment "light iron" sells for £120 per ton, so it covers the cost of the fuel. Let you friends know that you can dispose of old electrical appliances, and you will soon build a useful store of copper for the future. I've managed to collect several £1,000s worth of copper, and I haven't bought any of it. btw, steer clear of 'fridges and freezers - the "F" gases will get you into trouble with the government. We are in a world if social and economic change, and raw materials such as copper, will appreciate over the next 5 years.
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odolvlobo
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April 12, 2021, 04:39:15 AM |
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I prefer stacking sats to stacking trash.
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Poker Player
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April 12, 2021, 09:31:57 AM |
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I prefer stacking sats to stacking trash.
Me too. Moreover, with much less effort, and everything points to the fact that sats will continue to be much more profitable than any other type of trash. What the OP says about : Well that window has closed,
is simply not true.
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Jet Cash (OP)
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April 13, 2021, 04:15:56 PM |
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So how can you get 50 Bitcoin in exchange for a bit of electricity? I'd like to know if the window is still open.
We've got people in this forum with no money, and they are trying to get some sats by begging or wasting time with sig promotions. I just thought it might be an idea to give them some alternatives. Another points is that you should diversify, and not tie everything up in one asset.
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franky1
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April 14, 2021, 12:24:29 PM |
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At the moment "light iron" sells for £120 per ton, so it covers the cost of the fuel. Let you friends know that you can dispose of old electrical appliances, and you will soon build a useful store of copper for the future. I've managed to collect several £1,000s worth of copper, and I haven't bought any of it. btw, steer clear of 'fridges and freezers - the "F" gases will get you into trouble with the government. We are in a world if social and economic change, and raw materials such as copper, will appreciate over the next 5 years.
metal scrap mining is not worth it if you could carry £120 with your own arms great.. .. but its a tonne so no chance of that. it requires transport. it requires storage.. all of this costs money. if you want to store £45k of iron. that means you have to transport and store 375 tonnes your not gong to be able to store 375tonnes in a spare bedroom.. also it will take many many many hours to rip apart microwaves and other scrap to get to the good stuff. even africa with a low wage of under £1 an hour with peopleliving in shanty towns cant get scrap without cutting a few health and safety requirements so goodluck trying to cover your costs in a proper lifestyle of rent and bills goodluck covering them costs maybe just watch steptoe and son. and enjoy watching. not pretending you can do it. or move to africa and clog up your lungs to burn out the material you want. atleast there the government wont chase after you for chemical waste. and no one will request expensive licences and health and safety requirements but in the real world.. scrap metal is not cheap to process.. and then ask yourself why they prefer to ship it to africa rather then salvage it locally.. there is a big reason. oh and last thing. if ou are in your 70's and spent the last 20 years salvaging scrap and you have only achieved 'several £1ks' then in them 20 years. you have only made enough for 1 years retirement income. maybe try something that can make you 20times that to atleast break even
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paxmao
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April 16, 2021, 10:19:56 AM |
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That´s just commodities trading. Highly cyclical and, as you put it, highly impractical unless you have the cheapest real state. So how can you get 50 Bitcoin in exchange for a bit of electricity? I'd like to know if the window is still open.
We've got people in this forum with no money, and they are trying to get some sats by begging or wasting time with sig promotions. I just thought it might be an idea to give them some alternatives. Another points is that you should diversify, and not tie everything up in one asset.
I am going to post anyway, so if I get paid, even if it is quite a small bit, the better. For me is simply another way of getting some sats in autopilot. For what I can see, the newer campaigns do require merit and posting quality, nothing to do with the 2018 campaigns.
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Jet Cash (OP)
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April 16, 2021, 12:58:00 PM |
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It isn't trading, as you are getting the actual product for nothing, and you aren't selling. This thread was for people with no investment capital, and not for those with the money to trade.
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Lucius
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April 16, 2021, 01:29:04 PM |
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This thread was for people with no investment capital, and not for those with the money to trade.
And there are really many of them in the world we live in, although some do not understand or do not want to accept it. Smart people know that garbage has its value, and I see it every day on the streets of my city where people literally go from house to house looking for just scrap metal, old and faulty electronics or digging through garbage containers in search of plastic, glass or tin packaging which they then sell. Your idea is not bad at all, but you must know that there are people who will never get their hands dirty with jobs like this, they will always find an excuse why it is a bad way to make money.
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paxmao
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April 17, 2021, 10:44:13 PM |
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It isn't trading, as you are getting the actual product for nothing, and you aren't selling. This thread was for people with no investment capital, and not for those with the money to trade.
Nope, you actually buy the product with your time, effort and using you means of transport that have a cost. So yes, it is commodities trading, even if is not intraday trading. This is important because the market for copper sets out a basis price that is likely to be lower than the costs mentioned combined, thus this alternative income idea is most likely not going to work.
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Jet Cash (OP)
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April 21, 2021, 12:23:08 PM |
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Nope, you actually buy the product with your time, effort and using you means of transport that have a cost.
Well of course that is true, but many people squander their time. I think it is better to do some trivial task that makes a bit of cash, rather than sitting and doing nothing whilst watching TV or Utube. In this case, the time is not really a consideration imho, and it is better than begging in this forum.
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Jet Cash (OP)
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June 04, 2021, 05:01:20 PM |
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I'm interested to see that videos about copper coin collecting are starting to appear on You Tube as an investment metal alongside gold and silver. My opinion is that it probably ranks behind platinum, but that seems to be less popular. When copper doubles in value next year, remember you read it first in a "Jet Cash" thread. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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paxmao
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July 28, 2021, 08:15:38 PM |
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I'm interested to see that videos about copper coin collecting are starting to appear on You Tube as an investment metal alongside gold and silver. My opinion is that it probably ranks behind platinum, but that seems to be less popular. When copper doubles in value next year, remember you read it first in a "Jet Cash" thread. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No, when that happens I will show you my stock ownership certificates of copper mines. They fit better in my cabinet than physical copper.
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iTradeChips
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July 29, 2021, 10:39:28 AM |
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I'm interested to see that videos about copper coin collecting are starting to appear on You Tube as an investment metal alongside gold and silver. My opinion is that it probably ranks behind platinum, but that seems to be less popular. When copper doubles in value next year, remember you read it first in a "Jet Cash" thread. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That is really an interesting idea that you have about collecting copper. I see many people buying old cellphones, broken gadgets and computers, electrical appliances, and others wandering all over our place. Also 2 recycling centers or what we call "junk shops" where I can find so much copper there. Reading the other's responses though, I do also agree that many people don't have the time to do the labor intensive work of extracting copper from the said things and would rather practical to buy stocks of copper mines. I do understand you said something that your idea is for people who don't have money to spend. Though I would also add that those who don't have the money, but has the time to do all the labor-intensive tasks of taking the copper out and wants to get dirty all the way, can consider building his own "junk shop".
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Jet Cash (OP)
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July 29, 2021, 07:42:32 PM |
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Well you can't buy shares if you have no capital, and I thought that the Chinese had bought all the copper mines. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) This thread was intended for those with little cash to use for prepping, and I hoped I could stimulate them into collecting a small nest egg for virtually no investment. For example, they could strip the copper out of the cables that are on appliances that other people throw away. OK, so it means doing some work for a small return, but it is something you could do whilst watching television.
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Jet Cash (OP)
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October 16, 2021, 07:40:01 AM |
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Commodity prices are increasing, so I'm adding lead and brass to my collection Lead because it has a high weight to volume ratio, and its industrial use is increasing. Brass because it's copper content keeps it's price high, and it is easy to acquire.
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Newlifebtc
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November 08, 2021, 04:46:51 AM |
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Can it work out, is lucky people that luck will directly strict on their way, investment without money how does it work, if i will have tutorial of investing within five years without money i will be much glad since will be permitted to trade well, because for our conditions now know business or trading of cryptocurrency you know about and before it will carry on that means capital will come along with it.
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jvanname
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November 11, 2021, 04:51:14 PM |
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Buy heavy water.
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