33% of Gold Owners Think Bitcoin is a Viable Alternative. - I guess it has taken a while but they are starting to realize the truth.

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2 hours ago, EricTh said:

I didn't say anyone can create Bitcoin, did I?

 

It's being created by the powerful financial people (bankers) in certain countries at the press of the button.

 

It's just like casinos are created by certain powerful and connected people. 

 

When someone gains money in a casino, it is due to another person losing money in the same casino. There are more losers than gainers in a casino, that's how the casino earns money. There is no exchange of goods in a casino, is there?

 

Really? At the push of a button? And it's bankers doing it? Clearly you don't know much about cryptocurrencies.

[Lemsta69]

5 hours ago, Stocky said:

That reminds of the tale of 'The Emperor's New Clothes' - the dishonest weavers offer to supply the Emperor with a magnificent set of clothes that are invisible to those who are too stupid or incompetent.

ser, you know nothing. kthxbye.

[Hummin]

10 hours ago, Lemsta69 said:

not even close but hey, believe what you want to believe. it takes hundreds of hours of reading to understand Bitcoin so pretty hard to accept what comes from someone who probably gets his news from Buffet and Munger: "Bitcoin's bad mmkay?"

So it takes you 100 of hours to convince yourself? While it takes me and most people only 5 min to understand the hoax or catch of it ? 

 

????????????

[david555]

10 hours ago, Neeranam said:

I've got that guy on ignore, ironically he's the one making negative comments about crypto, he even is a frantic poster on the crypto forum!! 

 

It's ridiculous as obviously I couldn't care if anyone here buys crypto. This is last place I would go if I were wanting that; mostly retired guys who don't buy crypto as they don't know how or are already financially secure. 

Those retired whealthy have ...bullions .....however i would buy one bitcoin if he is made in 999 gold ....just for fun ????...i dont need eventhe bitcoin value on that one ...only must be in 999 ????

My condlances Neeranam with your losses ....glad to see you did not jump ???? 

[EricTh]

5 hours ago, fdsa said:

when someone gains money with gold or stocks, it is due to another person losing money by buying that gold or these stocks for the higher price from the first person.

so...

gold = Ponzi scheme

stocks = Ponzi scheme

Gold and houses are tangible and useful things with intrinsic values whereas Bitcoin is just a digital thing that can be wiped out in a second if less people play in the game.

 

If fluctuation of Bitcoin is much bigger than gold and houses because the risk is higher.

 

The prices of gold and houses in good location follow inflation rate and have been rising and won't drop much even in a recession.

 

Stocks are linked to real companies which has the potential to earn dividend and produce certain tangible goods or services.  McDonald who produce burgers, Apple which produce computers etc. Of course, you should buy blue-chip stocks like good banks which have fairly stable value.

 

Does Bitcoin have any tangible goods that people want? like gold or houses... No, it's just a ponzi scheme that is funded by new members money.

 

Anyway, there's no point arguing until one becomes the victim of this ponzi scheme.

Edited June 24, 2022 by EricTh

[EricTh]

6 hours ago, Hummin said:

I just cant bother clicking any of these bait’s anymore due to the spam  you receive because of it. But thanks for doing it, and of course opinions is floating with the wind. 
 

I bet many btc holders want the price to go up now past their entry, and then sell promising themselves to never buy again. 

Just wait until the long recession comes, then we will see whether Bitcoin or gold is more valuable.

 

 

[Hummin]

21 minutes ago, EricTh said:

Just wait until the long recession comes, then we will see whether Bitcoin or gold is more valuable.

 

 

Oh, I can wait a bit longer, but eventually it will hit us, and I hope and believe I will come out good, but you never know. Gold, silver and property is my duty and of cours some land in Thailand in my future wife’s name, but that is my risk investment rather than BTC ???? About 5 BTC as we speak in future wife how bad can it go? 

[Lemsta69]

10 hours ago, Hummin said:

So it takes you 100 of hours to convince yourself? While it takes me and most people only 5 min to understand the hoax or catch of it ? 

 

????????????

if you've only spent five minutes trying to understand Bitcoin then you definitely know nothing and therefore probably shouldn't be commenting on it. but ignorance is bliss, right?

[Hummin]

24 minutes ago, Lemsta69 said:

if you've only spent five minutes trying to understand Bitcoin then you definitely know nothing and therefore probably shouldn't be commenting on it. but ignorance is bliss, right?

First time I heard about it took me 5 min to make my decision, no new information have changed my mind, and I have spent my share to understand why the hype on something that's obvious to good to be true. Have a good day sir, nice try 

[fdsa]

3 hours ago, Hummin said:

First time I heard about it took me 5 min to make my decision, no new information have changed my mind, and I have spent my share to understand why the hype on something that's obvious to good to be true. Have a good day sir, nice try 

First time I heard about Ethereum it took me 5 seconds to make a (wrong) decision "meh yet another shítcoin". Its price was around $20 back then.

But some time later I've decided to actually read about it... and had to buy for $200 a piece.

Well, not really "obliged to", but if something is guaranteed to bring you a good profit - it is pretty stupid to pass by that opportunity.

Edited June 25, 2022 by fdsa

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46 minutes ago, fdsa said:

First time I heard about Ethereum it took me 5 seconds to make a (wrong) decision "meh yet another shítcoin". Its price was around $20 back then.

But some time later I've decided to actually read about it... and had to buy for $200 a piece.

Well, not really "obliged to", but if something is guaranteed to bring you a good profit - it is pretty stupid to pass by that opportunity.

For anyone who doesn't have a time machine, no investment is guaranteed.

[Hummin]

8 minutes ago, placeholder said:

For anyone who doesn't have a time machine, no investment is guaranteed.

Even you think or believe it is guaranteed huge return, it doesn’t change the nature of what you invest in! Or what?
 

 

[Neeranam]

On 6/25/2022 at 12:18 AM, david555 said:

My condlances Neeranam with your losses ....glad to see you did not jump ???? 

What do you mean "losses"?

 

My crypto holdings have risen roughly 1,000%+ in the last 2/3 years and even more in the last 6 years.

 

I bought DOT at $4, just 18 months ago and took profits at $40, 45, 50. 

I bought EGLD at $7-$20, sold a fraction at $400+ to get my initial stake back and more. I currently get 100% + by farming my remaining EGLD/MEX. 

 

These are just two of my holdings. 

 

I had 4% of my portfolio in LUNA, which went to zero, which sucked but I can't complain. 

I had 5% in Celsius but withdrew everything 6 months ago. However, it looks like Celsius is may survive -  I heard Goldman Sach is going to buy it! The big banks are getting into crypto and fooling you dinosaurs into thinking it is a bad idea, oh the irony...

 

 

 

 

 

[Neeranam]

On 6/25/2022 at 1:02 AM, Hummin said:

Oh, I can wait a bit longer, but eventually it will hit us, and I hope and believe I will come out good, but you never know. Gold, silver and property is my duty and of cours some land in Thailand in my future wife’s name, but that is my risk investment rather than BTC ???? About 5 BTC as we speak in future wife how bad can it go? 

OMG, you say BTC is risky and invest money in land you can't own and even worse in a Thai woman's name! What would be the icing on the cake is if she is 20 years younger. 

Never buy land in Thailand until you have been married for 10 years. Never get married until you have lived here for 5 years. 

 

 

[Mavideol]

On 6/24/2022 at 12:43 PM, Neeranam said:

but a third of respondents believe bitcoin is a viable alternative

my guess is they didn't included any El Salvadorians in the survey  555

Edited June 26, 2022 by Mavideol

[Hummin]

32 minutes ago, Neeranam said:

OMG, you say BTC is risky and invest money in land you can't own and even worse in a Thai woman's name! What would be the icing on the cake is if she is 20 years younger. 

Never buy land in Thailand until you have been married for 10 years. Never get married until you have lived here for 5 years. 

 

 

I live now, and we live there, same as you I invested in something I believe in, a small farm with food, animals and a future life. 

 

If we brake up it will be an expensive rent after 6 years, 10 years cheap rent.

 

A man need a place to live, and especially during COVID we lived outside village with enough room around us. 

 

Actually a feel good investment without any regrets or worries.

 

I trust her 100% and my judgement until she proves me wrong. 

 

 

Edited June 26, 2022 by Hummin

[Neeranam]

 

[Neeranam]

Max Keiser, above, explains BTC quite well, if anyone is needing educated.

[worgeordie]

33 minutes ago, Neeranam said:

 

One sentence was interesting , "You now have a higher grade of speculator",

so with Crypto you speculate ,not invest .......maybe that's why ups and downs.

regards Worgeordie 

[Hummin]

1 hour ago, Neeranam said:

Max Keiser, above, explains BTC quite well, if anyone is needing educated.

All I can say, we won the generation lottery, you and me, and everyone in our age gap! So we already won, now its up to us to preserve it, and I believe we disagree the method to do so! 
 

Im happy to know I can survive on little money and still be happy as long I manage to keep a decent health, which is partly up to me. Happiness and quality life is all we seeking I guess, and it takes some solidity, a safe haven or two, a healthy and positive view on life, and network, and thats pretty much it. 
 

Bitcoin seems to have become a new emotional addiction for people. We see it all the time in different forms popping up. At least weed is something physical you can hold in your hand, but eventually also will go up in smoke literally. 

[Neeranam]

6 hours ago, Hummin said:

All I can say, we won the generation lottery, you and me

Oh, I assumed you were a pensioner, as the other negative Normans on these threads.

[Hummin]

13 minutes ago, Neeranam said:

Oh, I assumed you were a pensioner, as the other negative Normans on these threads.

 I have nothing to complain about concerning my life and my future, what about you?

[Neeranam]

14 hours ago, Hummin said:

 I have nothing to complain about concerning my life and my future, what about you?

No, my life is beyond my wildest dreams! 

 

Sorry, I never meant to suggest you were as bad as the other guys that seem to be like packs of wild luddites, opposed to new technology they can't understand - cantankerous, pugnacious in their aggressive attacks on crypto. The hunt for crypto threads with  some kind of sick, self-righteousness to ease their pain of not buying Bitcoin when they heard about 5 or 12 years ago, when it was $1. Better not to learn to live with new tech. and try to understand it, but hang out with other pensioners sipping their half-pint of bitter and nip o Bells' finest. 

[Neeranam]

21 hours ago, worgeordie said:

One sentence was interesting , "You now have a higher grade of speculator",

so with Crypto you speculate ,not invest .......maybe that's why ups and downs.

regards Worgeordie 

Personally, I do both. 

[Neeranam]

22 hours ago, Mavideol said:

my guess is they didn't included any El Salvadorians in the survey  555

I have clients in El Salvador and they are over the moon that the country has made Bitcoin its currency. 

 

Please don't guess but look at the facts. 

[Neeranam]

On 6/24/2022 at 3:06 PM, jvs said:

If you bought for 40k?yes that would be bad in my book,if you bought it for less i would

say take your profit now!

 

If you bought for $40k, you should obviously not sell. No one in their right mind would buy BTC and plan to keep it for 4 months or so. 

 

 

[Neeranam]

On 6/24/2022 at 1:15 PM, Excel said:

Just a Ponzi scheme, a brilliant one albeit, dreamt up that is taken hook line and sinker by the greedy gullible.

Obviously Bitcoin is not a Ponzi. 

I suspect you are mixing up Ponzi schemes using BTC, which is ridiculously as stupid as saying the Baht is a Ponzi as some Ponzi schemes use it.

 

I suggest you read the following but suspect you won't. 

 

https://betterfinancialplanning.co.uk/why-bitcoin-isnt-a-ponzi-scheme/

Edited June 27, 2022 by Neeranam

[tjo o tjim]

Holding physical gold is a pain in the rear for any significant value.  For that reason I can imagine a significant percentage of holders of gold would consider bitcon.  I might actually buy some Ether if it drops to ~$700... but it is playing around money and not an "investment".  (The eventual switch to Proof-of-Stake makes it more interesting to me.  Proof-of-Work is just a pointless waste of energy and limits the platform's flexibility.)

 

All that said... most people are poorly equipped to securely hold cryptocurrency for long periods of time, and would be ill-advised to put money in it.

[Excel]

2 hours ago, Neeranam said:

Obviously Bitcoin is not a Ponzi. 

I suspect you are mixing up Ponzi schemes using BTC, which is ridiculously as stupid as saying the Baht is a Ponzi as some Ponzi schemes use it.

 

I suggest you read the following but suspect you won't. 

 

https://betterfinancialplanning.co.uk/why-bitcoin-isnt-a-ponzi-scheme/

Of course you only link things that suggest you are correct, which most people do, You must spend your time trawling though such junk. Such a shame that you cannot understand why it is indeed a Ponzi scheme, but hey who cares. you want to believe black is white,   claim what  you invest in is a not a Ponzi, note I said claim,  then your choice.  

[Neeranam]

10 minutes ago, Excel said:

Of course you only link things that suggest you are correct, which most people do, You must spend your time trawling though such junk. Such a shame that you cannot understand why it is indeed a Ponzi scheme, but hey who cares. you want to believe black is white,   claim what  you invest in is a not a Ponzi, note I said claim,  then your choice.  

What makes you think Bitcoin is a Ponzi?