In this way they're the same as gold and silver bullion then. But Gresham's Law is why we don't see people generally using gold/silver for transactions when they can use fiat instead. For the most...
Type: Posts; User: madfranks
In this way they're the same as gold and silver bullion then. But Gresham's Law is why we don't see people generally using gold/silver for transactions when they can use fiat instead. For the most...
Hmm, I agree bitcoin is a game changer, but I'm not convinced it's going to completely transform the financial world. I expect governments will stick to their central bank fiat money, and here's the...
It's essentially a bitcoin cold wallet, which is a printout of both the wallet address and the digital key needed to control the funds on the network. Anyone can see the balance of the wallet at any...
I don't think bitcoins are going away, but I do think we're on the verge of another massive bear market in cryptos. Once this mania fizzles out, watch BTC crash back down to between $1-2k.
My first bitcoins I paid $40 for on ebay, but I traded those ones long ago, some as documented on this thread, trading some for gold earlier this year. My biggest bitcoin purchase however, was this:...
And as we're on the subject of profit taking, yesterday when BTC was ~$10,300, I traded 1 BTC for SEVEN ounces of gold.
Or a house? Hey, you've met your goal, maybe now is a good time to cash in and take some of that profit!
Wow, for once my timing was right. A bit of profit taking at high points is not a bad thing.
I've done alright this year with virtual currencies, so I took some small profit taking a couple weeks ago, to satisfy some numismatic cravings. I bought a PCGS slabbed MS-63 1926 sesquicentennial...