Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 1 hour ago, mania said: They have done very well for me. I do not just buy & hold but use the G/S ratio For instance I would buy Physical Silver (back up the truck type of buy) when the G/S ratio was 55/1 I then traded it into gold when the ratio was 35/1 which was like buying physical gold for 3-600 bucks/oz when it was already 1200-1600 spot Why? Because I bought silver at 9-12 oz when G/S was 55/1 Then sold most of that load of gold when prices were near 2k I do agree in recent years it has been quite quiet in both PM's but they are in fact doing what they do best & that is provide a hedge against inflation. But if for instance you bought gold back when it was 35-55/1 you could have swapped into Silver when it neared 100/1 (it is now 85/1) Which is building wealth very safely About BTC sorry & yes I see it does very well at times but for me it is vaporware & nothing more than the current tulip mania But if your doing well with it great! Just remember the difference is BTC is in fact just another form of musical chairs. Gold & Silver have been money for 2500 years All else including the USD & every other form of Fiat is just currencies. Which is why the Central Banks all still hold gold INteresting ,thanks. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 14 minutes ago, 300sd said: Gold goes up when people lose confidence in Government. I think that's happening now. Indeed, will buy some gold, probably 10% of my liquid capital. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 1 hour ago, Dante99 said: You are quite a source of investment wisdom. Buffett and Blackrock?? No, Fink and Blackrock. I thought anyone with a little investment knowledge knew that. Link to comment Share on other sites More sharing options...
FlorC Posted October 23, 2023 Share Posted October 23, 2023 18 minutes ago, Neeranam said: Indeed, will buy some gold, probably 10% of my liquid capital. Just be aware that gold and silver markets are heavily manipulated. As soon as the conflict in the ME fades , it will go down again. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 21 minutes ago, FlorC said: Just be aware that gold and silver markets are heavily manipulated. As soon as the conflict in the ME fades , it will go down again. noted 🙏 Link to comment Share on other sites More sharing options...
1FinickyOne Posted October 23, 2023 Share Posted October 23, 2023 4 hours ago, Neeranam said: I've bought both of these assets before and lost money on none. Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so. Bought BTC in 2017 for $2,000 , sold it 10x that and more. Bought BTC at Xmas 2022, about doubled my money since then, Then why ask advice here... I am comfortably mostly in T-Bills at 5+% Link to comment Share on other sites More sharing options...
Entwere Posted October 23, 2023 Share Posted October 23, 2023 7 hours ago, KannikaP said: From where did you get the 30k and 69k from please? For now I am planning to withdraw some assets from some coins to business crypto wallet, as their price will fall down. Here are my thoughts on this matter: Bitcoin: Bitcoin is a risky investment, but it also has the potential for high returns. If you believe in the long-term prospects of Bitcoin, then I would recommend buying it, especially now that it is in a downtrend. Gold: Gold is a more conservative investment and is often used as a hedge against inflation and during times of economic turmoil. If you are worried about the instability of the global economy, then I would recommend buying gold. Of course, this is just my opinion and you should make your own investment decisions based on your own financial goals and risk tolerance. Here are a few additional factors to consider when deciding whether to buy Bitcoin or gold: Inflation: Inflation is one of the main factors contributing to the rise in gold prices. If you expect inflation to rise, then gold may be a good investment option. Economic Instability: Gold is often used as a hedge against economic instability. If you are worried about the global economy, then gold may be a good investment option. Technical Analysis: Technical analysis can help you determine whether Bitcoin or gold is oversold or overbought. If you think the market is oversold, then this could be a good time to buy. Ultimately, the decision to buy Bitcoin or gold is a personal decision. You must do your own research and make the decision that best suits your needs and goals. 1 Link to comment Share on other sites More sharing options...
KannikaP Posted October 24, 2023 Share Posted October 24, 2023 8 hours ago, Entwere said: Bitcoin: Bitcoin is a risky investment, but it also has the potential for high returns. If you believe in the long-term prospects of Bitcoin, then I would recommend buying it, especially now that it is in a downtrend. In the last month BTC to THB has gone from 940,000 to 1,201,553 today. Down? 1 Link to comment Share on other sites More sharing options...
patman30 Posted October 24, 2023 Share Posted October 24, 2023 People should read the blackrock ETF filing there are a few details that may make one pause before buying more BTC would never put all eggs in one basket and literally all markets are rigged. as for BTC buying that now means you need to see ridiculous prices for any decent gains the halving does not guarantee 2x price BTC cannot be used as a global currency as it is limited to under 500k transactions per day Lightning flaws have just been expoised qyestioning its security, with devs leaving the project (LN is not bitcoin BTW) if trading crypto for purely speculative fiat gains you would have a lot more poissible upside buying a bunch of 💩coins, rather than BTC 1 Link to comment Share on other sites More sharing options...
Neeranam Posted October 24, 2023 Author Share Posted October 24, 2023 12 hours ago, Entwere said: Here are my thoughts on this matter: Bitcoin: Bitcoin is a risky investment, but it also has the potential for high returns. If you believe in the long-term prospects of Bitcoin, then I would recommend buying it, especially now that it is in a downtrend. Gold: Gold is a more conservative investment and is often used as a hedge against inflation and during times of economic turmoil. If you are worried about the instability of the global economy, then I would recommend buying gold. Of course, this is just my opinion and you should make your own investment decisions based on your own financial goals and risk tolerance. Here are a few additional factors to consider when deciding whether to buy Bitcoin or gold: Inflation: Inflation is one of the main factors contributing to the rise in gold prices. If you expect inflation to rise, then gold may be a good investment option. Economic Instability: Gold is often used as a hedge against economic instability. If you are worried about the global economy, then gold may be a good investment option. Technical Analysis: Technical analysis can help you determine whether Bitcoin or gold is oversold or overbought. If you think the market is oversold, then this could be a good time to buy. Ultimately, the decision to buy Bitcoin or gold is a personal decision. You must do your own research and make the decision that best suits your needs and goals. Thanks you for your informative reply! Bitcoin is not $34,000, the EFT must be happening soon. Link to comment Share on other sites More sharing options...
Neeranam Posted October 24, 2023 Author Share Posted October 24, 2023 4 hours ago, KannikaP said: In the last month BTC to THB has gone from 940,000 to 1,201,553 today. Down? It's been in a downtrend for almost 2 years, this happens every 4 years before a huge bull run. Nice overnight pump! Link to comment Share on other sites More sharing options...
Neeranam Posted October 24, 2023 Author Share Posted October 24, 2023 2 hours ago, patman30 said: People should read the blackrock ETF filing there are a few details that may make one pause before buying more BTC would never put all eggs in one basket and literally all markets are rigged. Interesting, thanks. There was a poster here that was worrying after buying $200k. As I said then, don't buy BTC unless you can hold for a couple of years. If you do that, you'll be in profit. Another way is DCA. No one who has Dollar cost averaged every week until now, no matter the time started is in loss. Most are hugely in profit. Link to comment Share on other sites More sharing options...
FritsSikkink Posted October 24, 2023 Share Posted October 24, 2023 20 hours ago, Neeranam said: Warren Buffet is a dinosaur and criticized BTC in 2013 when it was $100. Probably the worst investment decision he ever made. He has a lot more money than anyone on this forum. 1 Link to comment Share on other sites More sharing options...
noobexpat Posted October 24, 2023 Share Posted October 24, 2023 There's already a bitcoin etf via proshares. Been out for nearly 5 years. Obviously its lost about 60% since inception. Expensive to own: 1% AMC? Whats different about blackrock? Possibly just the name recognition. We know crypto can move on a Musk tweet. Whales about to suck in the retail numpties. There is no risk to blackrock. They get paid anyway! Link to comment Share on other sites More sharing options...
patman30 Posted October 24, 2023 Share Posted October 24, 2023 29 minutes ago, Neeranam said: don't buy BTC unless you can hold for a couple of years. you are assuming that BTC would continue to rise in price, this is extremely risky. BTC has no use case and is impossible to become a global currency mining reward is to be replaced by fees, however BTC can not have enough use to do this or fees need to be very high without the transaction volume, BTC needs the price to double every 4 years, this is not a given. Then there is tether........🤷♂️ 1 Link to comment Share on other sites More sharing options...
patman30 Posted October 24, 2023 Share Posted October 24, 2023 12 minutes ago, noobexpat said: Been out for nearly 5 years. "ProShares, a premiere provider of ETFs, plans to launch the first bitcoin-linked ETF in the United States (NYSE Ticker: BITO) tomorrow, October 19, 2021." Link to comment Share on other sites More sharing options...
noobexpat Posted October 24, 2023 Share Posted October 24, 2023 2 minutes ago, patman30 said: "ProShares, a premiere provider of ETFs, plans to launch the first bitcoin-linked ETF in the United States (NYSE Ticker: BITO) tomorrow, October 19, 2021." Yes you're right! ...60% down in 2 years lol 1 Link to comment Share on other sites More sharing options...
Neeranam Posted October 24, 2023 Author Share Posted October 24, 2023 30 minutes ago, patman30 said: BTC has no use case I disagree, I've used it for cross border remittance, I use it every day with my Crypto.com debit card. Lighning network. It's the currency of El Slavador and more to come. 2 Link to comment Share on other sites More sharing options...
Neeranam Posted October 24, 2023 Author Share Posted October 24, 2023 28 minutes ago, noobexpat said: Yes you're right! ...60% down in 2 years lol 2 years ago was the height of the last bull cycle. Link to comment Share on other sites More sharing options...
KannikaP Posted October 24, 2023 Share Posted October 24, 2023 (edited) 1 hour ago, Neeranam said: As I said then, don't buy BTC unless you can hold for a couple of years. If you do that, you'll be in profit. I bought BTC for Bht 100,000 two years ago. It is now worth Bht 74,000. So puff goes that theory. Edited October 24, 2023 by KannikaP Link to comment Share on other sites More sharing options...
patman30 Posted October 24, 2023 Share Posted October 24, 2023 17 minutes ago, Neeranam said: I disagree, I've used it for cross border remittance, I use it every day with my Crypto.com debit card. Lighning network. It's the currency of El Slavador and more to come. Lightning LOL i already addressed LN above which is NOT bitcoin BTC has no use case as a global currency even if LN worked, how many years would it take just to onboard the worlds population? here is a clue, its over 42 years. El Salvador.....again LOL 1 Link to comment Share on other sites More sharing options...
Seppius Posted October 24, 2023 Share Posted October 24, 2023 BTC flying, could this be the start of the 2024 bull run that has been predicted Just hit $34,000 up 10% last 24 hours, Now come on XRP follow up 1 Link to comment Share on other sites More sharing options...
bignok Posted October 24, 2023 Share Posted October 24, 2023 11 minutes ago, Seppius said: BTC flying, could this be the start of the 2024 bull run that has been predicted Just hit $34,000 up 10% last 24 hours, Now come on XRP follow up Time to sell 1 Link to comment Share on other sites More sharing options...
noobexpat Posted October 24, 2023 Share Posted October 24, 2023 2 hours ago, Neeranam said: 2 years ago was the height of the last bull cycle. Get in quick. YOLO 555 Link to comment Share on other sites More sharing options...
Seppius Posted October 24, 2023 Share Posted October 24, 2023 1 hour ago, bignok said: Time to sell Maybe, no one know? Link to comment Share on other sites More sharing options...
ukrules Posted October 24, 2023 Share Posted October 24, 2023 On 10/23/2023 at 2:18 PM, QuantumQuandry said: Trying to get rich quick on something that could die, tomorrow -> crypto. Nonsense Link to comment Share on other sites More sharing options...
ukrules Posted October 24, 2023 Share Posted October 24, 2023 On 10/23/2023 at 2:42 PM, KannikaP said: My Currency app must be totally wrong then? I first bought some Bitcoin back in 2012 when it was $12-$15 At the time it had previously crashed down from around $32 to $1, I had ignored it during the early days but kept an eye on it as it started to rise again. Then I read about how it works and decided to buy some. Link to comment Share on other sites More sharing options...
Popular Post QuantumQuandry Posted October 24, 2023 Popular Post Share Posted October 24, 2023 6 hours ago, ukrules said: Nonsense You have made a compelling case. I will go invest my life savings in Doge now. Thank you, sir, for the persuasive argument. 3 Link to comment Share on other sites More sharing options...
paddypower Posted October 25, 2023 Share Posted October 25, 2023 buy solar panels and dig a well. the sky is falling. Link to comment Share on other sites More sharing options...
wombat Posted October 25, 2023 Share Posted October 25, 2023 when Thai gold shops let me buy gold with crypto then I will believe crypto is not a Ponzi scheme for the tech elite...until then ...buy gold Link to comment Share on other sites More sharing options...
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