Check it out!
Posted on 01/14/2019 3:46:50 PM PST by Responsibility2nd
December, 2017. I'm late to the game, I know. I set up an account on Coinbase.com. $100.00 to start.
January, 2018. Another $100.00 transferred in to Bitcoin. Total in is $200.00
January, 2019. My Portfolio Value is $40.90.
Those late to the ponzi scheme usually take it in the shorts.
Check it out!
c'est la vie!
In your view, does the public, at this point, have less faith in crypto currency than central bankers? Isn’t that what the market is telling us? Maybe its time to reconsider gold coins (probably with a healthy mix of silver). Better invest in belts if that happens.
Yes. That’s it!! Thanks.
Outstanding!
If you’re not living life on the edge, you’re taking up too much room.
In my view?
If the US does go all Venezuela and we do have an complete economic collapse - no currency (dollars, bitcoins, gold, prep supplies, etc.) will offset the total social collapse that will follow the economic collapse.
It is still worth more than gold.
You are only looking at 12 month view when it was at a historical high.
Forget the day to day price and focus on the moves being made.
Nevertheless, if you are only focused on price of it then look at it over 2 years, 3 years and 4 years going all the way back.
https://web.archive.org/web/20170501000000*/www.coinmarketcap.com
Something just in the news which cause a spike this morning:
Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions
Watch for a pump and dump...
It’s a small minority of people who need to launder money.
The rest were entranced looky lous, not players.
All currencies of the world (except a very, very few) have been converted to operate through central banks.
It used to be that currency was issued by a nation's treasury, and could be circulated based on the concept of "completed labor" - for example, funding a bridge project as a means to pay the workers with newly created money, which then gets circulated into the economy as they buy things.
Currency is now created by central banks through treasury auctions. These auctions sell bills, bonds, and notes. All of these are liabilities to the citizen - meaning that whoever owns them also owns a claim to the future labor of citizens.
Why do so many ultra-rich keep going instead of retiring extremely comfortably?
Because they aren't necessarily after more money - but the power that it brings. Power can be defined as owning the future labor of other people.
If the lust for power is truly understood then it makes sense why it's wise to have stayed away from cryptocurrencies from the beginning.
I just saw my first mainstream bitcoin commercial on T.V. yesterday during one of the football games. It was an IBM bitcoin/blockchain that you earned by recycling plastic. I was blown away. https://www.coindesk.com/ibm-is-helping-launch-a-price-stable-cryptocurrency-insured-by-the-fdic
Nevertheless, if you are only focused on price of it then look at it over 2 years, 3 years and 4 years going all the way back.
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That’s fine, if you were invested in it way back then. Will it rebound 3 and 4 years from now?
I severely doubt it.
Bitcoin Jan 11 2016 - $408.00 ish
Bitcoin Jan 02 2017 - $978.00 ish
Bitcoin Jan 11 2019 - $3,620.00 ish
bitcoin 36 month profit roughly +900%
Bitcoin 24 month profit roughly 360%
Gold 17 Jan 2017 - $1,210.00 ish
Gold 14 Jan 2018 - $1,290.00 ish
Gold 12 month profit roughly 6%
Stocks, bond, commodities all depend on when you get in and when you get out.
There's always dollar-cost averaging, LOL.
...If the US does go all Venezuela and we do have an complete economic collapse - no currency (dollars, bitcoins, gold, prep supplies, etc.) will offset the total social collapse that will follow the economic collapse...
If the US does go all Venezuela & even worse,where will you get the power to run your computer to access & use your botcoin account?
Gold, Silver & prep supplies will always have intrinsic value. An anchor weight computer won’t.
You were way late to the game. My basis is lsomewhere are $112. I am still way, way to the upside. Not a ton of money, but I paid all my debts two years ago. All on less that $3000 “investment.”
Not complaining at all.
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