Discussion in 'The Black Briefcase' started by Stealthstyle, Jan 22, 2017.
In my lifetime, yes.
See the problem im having with all cryto currencies is that the whole premise relies on internet and moreover, electricity which in a collapse of a society which I feel in our case is inevitable the system won't function.
I think silver is the best bet. Small, easily handled and will work for things like milk, bread, stuff like that.
I cant see cryptos lasting into the next paradigm.
I personally don't believe the hype of civilization collapsing. Could it, sure but I don't see it happening. Holding bitcoin is no different than having cash in a bank, or stocks in a brokerage account. If the power goes out you are screwed there too.
I wouldn't not invest in bitcoin because you fear the end of the world. Silver has damn well been the same price for how many years now? It did make it close to $50 a few years back but the bankers shorted it right back to the teens.
Bitcoin on the other hand was $4 a few years ago, today its damn well $2800. I believe (know) we'll see the same type increase over the next 6 years.
Buy silver, buy gold, buy cryptos, buy land, buy assets but I wouldn't overlook cryptos.
All I know is my homie has "100k" worth of bitch in that' he had been purchasing over the years n he didn't pay anywhere near that for it lol that shit went up like crazy
Definitly would like to hear more from you
if 1 bitcoin is worth like 3k. How do you buy small priced things with it?
You don't have to spend an entire bitcoin. You can spend 0.004 if you wanted. You could also purchase $10 worth of bitcoin on the exchanges if you wanted. Don't let these high prices of a full coin keep you from putting a little money into them.
Still...my whole thing against bitcoin is its not a physical money unit...silver is...economy collapses and silver becomes money again. Gold is too expensive for most ppl. Silver rules in my book. No electricity no problem. No internet no problem.
Ten years ago silver was $15-20/oz, today it still is! Sure silver and gold should be part of everyones holdings. 6 years ago bitcoin was $4-15/bitcoin, I know because it was one of my playgrounds. Today it is trading in the $4300 range.
If the power/internet ever go down you will have real problems with silver or not. Most would be dead within a year and food, water, and medicine would be much smarter to stack if that is your concern.
Investing is about diversification. Put yourself in a few different baskets. Silver is great but it is controlled by the federal reserve. Supply and demand mean nothing to them, they can dump a boat load of paper silver and dump the price as much as they want.
Its hard to look at your avi and convince myself you know what you're talking about. Haha. You sound believable though...Thx for the advice.
How are you feeling today Bob?
It was $4300 when I posted, currently $7150 today. Yesterday it hit $7900 but the news of the latest fork being suspended dropped the price a little. Im saying $10,000 by Christmas. $15-27,000 by this time next year.
Let's all pool together and get rich lmao
Okay, buy some, send them to me to hold for the pool and I'll let you know when you are rich.
Lol now everyone BUT u gets a lil piece the pie
Thats the beauty of bitcoin. You don't need people with less experience, you don't need banks and you don't need a govt.
Right now the price of BitCoin is driven by speculators. Some loud noise is going to spook some of them and then you'll have a stampede for the door. When that happens, BitCoin's limit of seven transactions per second and the lack of volatility controls is going to make things very very ugly. The price will plummet as people lower their asks to jump the line of people trying to get out. Then the price will return to whatever the real value is based on it's utility and speculation will start again.
BitCoin's killer app is outside the USA/EU where banking is not as reliable or available. It's still very early days for that though.
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