Forum Replies Created
Anybody listened to this?
I take your point about no real free market, but given the outright manipulations by central banks on everything including the price of money, I still maintain that Bitcoin at the moment is a 'freer market'. The recent parabolic move was put down to the Chinese getting in after a couple of documentaries on Bitcoin. By this I mean the Chinese people,not the government.
I still don't think Bitcoin is in a bubble,it is a currency and should be used as such. For the record I own 0.5 BTC, I also own some Gold & Silver. People shouldn't invest in a currency for gain but as a means of exchange for goods and services which is where digital currencies come into their own.
I get all the references to the dot.com this time it's different- it never is! But as a means of exchange I think Bitcoin has a future. Only time will tell..
LOL I like it!
The regulators don't love it, Wall Street and the Fed don't understand it. When they finally do, they will realize how incendiary this technology is. By then it'll be too late, it already is, and no one can stop it!
There will be no confiscation, they'll find it almost impossible to tax. As for what goes up must come down, Bitcoin is nowhere near a bubble, it can't be manipulated through a paper futures exchange (like Gold & Silver are). People need to take time out and really understand this thing. We're in the early adoption phase and parabolic prices will be the norm until it finds the right level of supply v demand.
If you want to believe the money laundering smear, what about cash? That's been used for money laundering since the beginning. And yes, this is how a free market behaves: the Syrian crisis Gold and Silver go down and Bitcoin went up.The Government shutdown, ditto.The Obama Care shenanigans, ditto.
After the latest parabolic move up it's now leveling off, as it did in the last run up from $30 to $200.
Bubble? No where near it!
That’s a good point using old British currency at least maybe recognised by the average british citizen or there grandparents! The main problem I have with old british silver is: 1. The 90% silver are all pre 1920 which are either over valued due to historic / collectors valuation 2. The pre 1947 junk silver is plentiful but only 50% silver. I probably will end up going down the pre 1947 shillings, florins and half crown route as this makes more sense.
Great feedback everyone.Thanks!