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Question: What % of your liquid wealth is in BTC?
0% - 11 (10.6%)
1% - 12 (11.5%)
2% - 7 (6.7%)
3% - 9 (8.7%)
4% - 2 (1.9%)
5%+ - 13 (12.5%)
10%+ - 12 (11.5%)
25%+ - 8 (7.7%)
50%+ - 13 (12.5%)
75%+ - 13 (12.5%)
100% - 4 (3.8%)
Total Voters: 103

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Author Topic: What % of your liquid wealth is in BTC?  (Read 2492 times)
westkybitcoins
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Firstbits: Compromised. Thanks, Android!


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December 06, 2011, 10:36:32 PM
 #21

If you realize that the Fed has to continue to debase the USD to keep the world afloat then you realize the value of Bitcoin.  They cannot afford to let countries default in a domino effect like we had companies do in the 2008 crash.  The stock market is sensing this as are commodities like oil.  Unfortunately gold is not doing as well:



That just means we can still get it at a relatively reasonable price. Seems clear we're doomed to see USD (and likely Euro) hyperinflation, at which point precious metals will become extremely valuable.

And I agree, one could also anticipate a sharp rise in demand for bitcoins as the global fiat monetary system finally implodes (Ann Barnhardt's recent interview points out the increasing likelihood of this)... people will still want to transact electronically, but the infrastructure for things like egold keeps getting attacked by the feds, leaving bitcoin as the most robust alternative.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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