My hold back is that if the dollar crashes, the internet likely isn't that far behind. How much will bitcoin be worth if you have no access to it?
Any of you guys seeing dollar signs? Bitcoin is over 29,500 from 4000 in early march.
When a lists his 04 impala with 22s and a trash bag rear window for sale, and says he'll take bitcoin or other "cryptoZ" you're late to the party, it's late in the cycle, the mania has already arrived and you need to find something to invest in that nobody has heard of.
That's why a good spread of physical gold/silver, crypto, and freedom seeds is a good idea.
"Freedom seeds"? Is that lead?
"Freedom seeds"? Is that lead?
One thing to remember when going into something like this. It's like going to a casino. They need suckers and losers to make it prosperous for the winners and scammers. You better be on your game and know your shit to make it a success. If you think you're going to toss dollars in there and watch them multiply you're wrong, you're just making someone else richer. Know everything about it first.
Probably gold is still the best bet. The only issue with gold is alchemy. If they ever find a way to turn lead into gold, it will crash over night.
I have no bit coin because I found the access too cumbersome. (I really wanted to buy when it was at $3500) My opinion on it as an investment goes like this. The dollar is going to crash. It will be either a slow controlled crash or a massive spiral. Either way, if bit coin remains safe and legal, it will skyrocket. The price now is nothing. (I'm talking millions)
The problem is not bit coin crashing because of market forces. There are two issues as I see it. 1. Somebody hacks it. If this happens, all investment goes to zero. 2. The government (s) realize what they are losing and take over bit coin. (Or create their own and make all competition illegal)
Probably gold is still the best bet. The only issue with gold is alchemy. If they ever find a way to turn lead into gold, it will crash over night.
I own some Grayscale Bitcoin Trust GBTC. Saves me from trying to understand where my money is.
[486 said:;n253807]
best start boiling down your piss now
My problems with crypto is it can be controlled by .gov, it can be stolen, at some point someone is going to figure out how to make it faster and cheaper. Gold has stood the test of time for 1000's of years and it has uses beyond just money holder.
Any of you guys seeing dollar signs? Bitcoin is over 29,500 from 4000 in early march.
If this run continues for a few more months I will sell it all and pay off my house. Then wait for the next drop and buy in again.
Same. If some of the projected highs are hit this year with the dollar crashing, we'll be paying off our house.
Dogecoin is going crazy too made more m0ney sleeping last night than I did working last week