Crypto (Bitcoin) has gone mainstream,ETHE is next
Quote:
Originally Posted by newjerseymax
(Post 1233751)
People still talking crypto in here?
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Smart money has moved on to AI.
Spot Bitcoin ETF is actually bad for the Coin Base of the world,you can buy and sell such ETF without going thru these guys
i wonder what is behind this run up?
digital gold?
when there is war,people hoard gold.
Gold is up 42 dollars today.
Crypto,gold,stocks are all trying to tell us something?
Quote:
Originally Posted by rsot
(Post 1238396)
economy and market - time for you to get it on the action?
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I sell gold jewelry,and I have not been updating the asking price since the big run up in gold until just now,I am surprised at the old price,no one is buying,just a few lookers !
It is real,consumers are tight with money,in the past they will arbitrage ,buy low at one site and resell it at a higher price on another site.
Now alll they do is look around
Israel just bombed Iranian Consulate in Damascus Syria,every one is either killed or injured,including 2 generals and their assistants.
Iran vows to retaliate/
Now you wonder why gold and Bitcoins are both going up.
A nuclear war is a possibility
Is it Ecuador or Honduras,they switch to Bitcoin,but retailers are still accepting US dollars.
If your networth is in the millions,you will have means and ways to get out of the country,no need to carry a suitcase of gold.
also those who provide goods and services may not be able to accept Bitcoins or they dont trust Bitcoins and want something tangible and physical,dont forget their suppliers may no want anything but hard cash.
Some places have no electricity
Quote:
Originally Posted by yobar
(Post 1238690)
In a war situation, if the economy as we know it collapses, having gold in your pockets, I think it wouldn't work much, to carry enough you have to carry a suitcase full of gold, perhaps cross a border with that suitcase.
The same does not happen with BTC or other cryptocurrencies, you can carry your security phrases in your head or keep a ledger to store your millions of dollars.
although if the internet goes down what could happen, maybe look for a starlink
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The Vietnamese boat people will wear their gold,up their arms,fingers,tooth,belts,and sea pirates will raid them and take their gold away.
Those who make it ashore will use the gold to purchase food .
if you stay put,the local currency becomes worthless,then you will use gold to do business with merchants for food and services.
If you land in the Sahara desert,neither gold or bitcoin can buy you a camel.
We could also end up in a situation where gold or bitcoin or silver is no longer a store of value,they want your fuel,shampoo,soap,grains,egg laying chicken ,aspirin ,clean water instead
you make little money on sales venue and lose big with Bitcoin
and vice versa.
are you low?
why do you think Bigtcoin is going higher and higher?
did I say these events will drive Bitcoin down?
TRUMP thinks US government should own some Bitcoins .
Quote:
Originally Posted by dabuds420
(Post 1257940)
This is the way, it will continue to rise as inflation and real world currency collapses.
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Never understand how such (inflation,war.world currencies collapse)factors are related to cryptos,if I were a major Bitcoin holder,I would see it as an opportunity to cash in on my holdings and buy properties-oil fields,houses,office buildings,factories,mines (copper,alumina,gold,lithium,silver,etc),anything of tangible values people need to survive !
well said.
Did you read some crypto holders are being tortured for their passwords?
Quote:
Originally Posted by james_112233
(Post 1258184)
Any one gambling with memes ?
I managed to buy Trump coin the weekend it came out saw my purchase 2.5x but didn't sell lol. Still hoping there is another pump at some point this year otherwise the presidents crypto team rugged me.
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You will get a second chance to get out
It could keep going higher,look at gold.
2 more rate cuts by yearend is expected,our economy is not heathy these days.
Many retail stores are closing
Quote:
Originally Posted by rsot
(Post 1261202)
Did you finally get your feet wet with crypto?
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No,I have no interest in crypto,take a look in your backyard-gold and silver mining stocks on Vancouver Exchange
You are going to be wrong with silver,it is now over $42.
It was $55 at one time.
Personally I prefer GOLD !
But I cant afford to buy at this price!
$3787 per troy ounce
Deleted,double post
They are all heavily leveraged !
80% debt and 20% equity !
or worse 90% debt and 10% equity.
BUt if gold keeps rising and labor cost stays low,these companies will post good profit,that should help.
Hegseth summoned hundred of generals and told them to stay in good shape,you dont think it is just for Chicago.
It would be interesting to see how Bitcoins behave if we go to war, we know what will happen to gold,but cryptos are new,we shall find out.
Quote:
Originally Posted by SaiJin
(Post 1261616)
Doesn't mean you need to buy an entire ounce...
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They are buying goldfill,rolled gold jewelry and the dealer will have it scrapped to recover the gold.
14k goldfilll jewelry has 1/14 of 14K gold ,18k goldfill has 1/18 of 18K gold ,given 14k gold is now $72.90 per gram,1/14 would be $5.20 per gram,you take a heavy piece of goldfill bangle weighing 45 grams,it has $234 worth of gold.
Rollgold has less gold content but still worth good money.
