don't be stupid, stick to the fundamentals and ignore the short term volatility

[Robert Paulson]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

[yayayo]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

Well said. While you can't be sure that bitcoin will be the primary life boat, you can be sure that the fiat titanic will sink.

There is a lot of noise in the marketplace that can be ignored. Those who are patient and strictly follow the most simple fundamental logic will be better off.

ya.ya.yo!

[tooil]

What is the fundamental?

Who is to say the price is undervalue or overvalue?

[Dalmar]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

Precious metals are horrible investments. They can go down for several decades like they did in the 80s and 90s and even under perform inflation.

As for cryptos, there is a time to buy and sell. Blindly hodling can be very costly.

[spiderbrain]

What is the fundamental?

As a crude oversimplification:

Fiat economony > $100 Trillion

Crypto economy < $10 Billion

Fiat economy = Doomed

Crypto economy = The future

Therefore:

Crypto = Real cheap right now

[Omikifuse]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

Banks in general can't print money, only the central bank can.

Also the modern conception of money envolves it being backed by a central bank that will be responsable to emission of the coin. So silver and gold, or bitcoin, can't be considered money in the modern sense.

Also where are the fundamentals about the bitcoin's moon mission? If we take your speak as true, then gold and silver can very well replace bitcoin as money, so there is no warranty of bitcoin not going to 0.

[trashman43]

i think the OP is fundamentally confused. i get the sentiment, but.....no.

[GangkisKhan]

There is really nothing fundamental on the coin other than buyer/seller willingness to transact at certain price.

The core of the issue is, how do you change how people view the coin and convince buyer to buy at high price and convince seller to sell at higher price.

[exocytosis]

Bitcoin and precious metals are being pushed by clever salesmen on ZeroHedge and certain other conspiracy theory websites. What they have in common, is a total inability to accurately predict the future. Hence their numerous failed predictions of when the "economic armageddon" will start. Gerald Celente, Peter Schiff, Marc Faber and Max Keiser are just some of these crooks. (Yes, I know that some of them are sceptical towards BTC, but they all push precious metals, since they make a lot of money doing so.)

[Ibian]

Bitcoin and precious metals are being pushed by clever salesmen on ZeroHedge and certain other conspiracy theory websites. What they have in common, is a total inability to accurately predict the future. Hence their numerous failed predictions of when the "economic armageddon" will start. Gerald Celente, Peter Schiff, Marc Faber and Max Keiser are just some of these crooks. (Yes, I know that some of them are sceptical towards BTC, but they all push precious metals, since they make a lot of money doing so.)

2020. This was predicted several years ago elsewhere on the net. You don't wanna listen to the media or anyone with an obvious economic agenda.

[trashman43]

just throwing this out there -- been hearing this crap from gold bugs for years. meanwhile, gold bugs are hurting fucking BAD.

[maker88]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

Banks in general can't print money, only the central bank can.

Also the modern conception of money envolves it being backed by a central bank that will be responsable to emission of the coin. So silver and gold, or bitcoin, can't be considered money in the modern sense.

Also where are the fundamentals about the bitcoin's moon mission? If we take your speak as true, then gold and silver can very well replace bitcoin as money, so there is no warranty of bitcoin not going to 0.

gold can't be transferred across continents instantly for practically free. neither can cash through banks. that is bitcoins advantage, and its a doozy.

[traderCJ]

just throwing this out there -- been hearing this crap from gold bugs for years. meanwhile, gold bugs are hurting fucking BAD.

Heh, far from it.  It all depends on when you get in.  I'd argue the coinbugs are the ones who are really struggling right now.

Anyway, comparing gold to Bitcoin doesn't make any sense.  It's like comparing Bitcoin to real estate.  They achieve completely different goals.  Bitcoin is a securely shared ledger, period.  That's it, nothing more.

[spiderbrain]

Banks in general can't print money, only the central bank can.

No , for example, see http://www.bankofengland.co.uk/publications/documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

[Robert Paulson]

precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...

Banks in general can't print money, only the central bank can.

Also the modern conception of money envolves it being backed by a central bank that will be responsable to emission of the coin. So silver and gold, or bitcoin, can't be considered money in the modern sense.

Also where are the fundamentals about the bitcoin's moon mission? If we take your speak as true, then gold and silver can very well replace bitcoin as money, so there is no warranty of bitcoin not going to 0.

you are wrong, 90% of money is created through fractional reserve lending by private banks

[Argwai96]

jump off the titanic and get on the bitcoin life boat, its going to be rough...

Forget crypto, man. Canned food and bullets. We're talking World War III, complete infrastructure breakdown. Internet? LOL -- what a joke. We're talking survival, man. Bitcorn ain't gonna get you nowhere after this Titanic sinks.

/insanity

[Robert Paulson]

just throwing this out there -- been hearing this crap from gold bugs for years. meanwhile, gold bugs are hurting fucking BAD.

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

[Argwai96]

just throwing this out there -- been hearing this crap from gold bugs for years. meanwhile, gold bugs are hurting fucking BAD.

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

Yeah, what's that -- 30+ % down from the top? Just saying.

I'd agree that gold is an important consideration for any diversified portfolio. But some of the rhetoric presented here is just so LOL...

[Robert Paulson]

just throwing this out there -- been hearing this crap from gold bugs for years. meanwhile, gold bugs are hurting fucking BAD.

gold has outperformed every other asset class except bitcoin for the last 14 years with the exception of 2013.

Yeah, what's that -- 30+ % down from the top? Just saying.

I'd agree that gold is an important consideration for any diversified portfolio. But some of the rhetoric presented here is just so LOL...

bitcoin and gold are not investments they are money.
in a free market stocks outperform money.
but we don't have a free market anymore, we have a centrally planned economy with the banks redistributing purchasing power as they see fit.
untill this monetary system fails the best we can do is maintain our purchasing power by having real money.

[piramida]

Banks in general can't print money, only the central bank can.

You think so? Then what is the capital adequacy ratio you know? I'll make it easy - ratio between what bank owes and what it actually has; means it can give out about 10 times more money (in the most regulated markets) than it has thanks to the digital nature of money - you just add more zeroes; that is pretty much printing money.