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re: Bitcoin seems like a pain in the arse
Posted on 6/14/17 at 11:19 am to DupontsCircle
Posted on 6/14/17 at 11:19 am to DupontsCircle
quote:
And that's the financial literacy of its users. No thanks. Go short something else.
Gold is far and away the best currency. It always has value and always will have value. People almost everywhere understand gold and it can be used in almost any situation. Every other currency just comes and goes since they have no actual value. It is why the founders didn't allow paper money and at the very least the currency had to be tied to physical metals.
2
Posted on 6/14/17 at 11:20 am to rocket31
Good troll, you had me
Unless you're serious, then for your own good I pray that social security is there for you later in life
Unless you're serious, then for your own good I pray that social security is there for you later in life
Posted on 6/14/17 at 11:22 am to Thib-a-doe Tiger
I'm not investing in appl today because of what they did 10 years ago
I'm investing in thier future growth as a company.
I'm investing in thier potential. The potential to make me money. That is the entire point of the market.
I'm investing in thier future growth as a company.
I'm investing in thier potential. The potential to make me money. That is the entire point of the market.
Posted on 6/14/17 at 11:24 am to zatetic
quote:
Gold is far and away the best currency. It always has value and always will have value. People almost everywhere understand gold and it can be used in almost any situation. Every other currency just comes and goes since they have no actual value. It is why the founders didn't allow paper money and at the very least the currency had to be tied to physical metals.
I have seen some people hit rock bottom and continue to dig before, but you and rocket need to start a damn contracting business
Posted on 6/14/17 at 11:26 am to rocket31
quote:
I'm not investing in appl today because of what they did 10 years ago
I'm investing in thier future growth as a company.
I'm investing in thier potential. The potential to make me money. That is the entire point of the market.
Oh rly? So you're not investing in a company with a proven history of innovation and marketing that was solidified with their biggest hit that happened 10 years ago?
According to your theory, you should've been buying apple stock before 2007, not now
Posted on 6/14/17 at 11:26 am to rocket31
We can look at crypto in a similar regard to how one can look at Tesla
Investors are buying now because of the future potential of the company. They do not care that they have yet to turn a profit
Investors are buying now because of the future potential of the company. They do not care that they have yet to turn a profit
Posted on 6/14/17 at 11:49 am to zatetic
You said that the value of gold does not change. This is not true. It changes all the time. Maybe what you meant that the supply does not change. This is more true, but still not completely true. In modern times the supply is probably very stabile as I don't know of any significant deposits that have been found recently.
I don't want to get too much into the disadvantage of the gold standard as it has been a long time since I took my central banking economics class, and I would need a review to talk completely confidently. I will say confidently that it isn't as simple as saying that the gold standard is simply better.
I don't want to get too much into the disadvantage of the gold standard as it has been a long time since I took my central banking economics class, and I would need a review to talk completely confidently. I will say confidently that it isn't as simple as saying that the gold standard is simply better.
This post was edited on 6/14/17 at 11:50 am
Posted on 6/14/17 at 11:51 am to rocket31
quote:
Investors are buying now because of the future potential of the company. They do not care that they have yet to turn a profit
You mean after they've proven there is a market for their vehicles and have been able to reach a price point where they have a considerably larger potential customer base?
Hm go figure
Posted on 6/14/17 at 11:55 am to Peazey
quote:
You said that the value of gold does not change.
It is an exaggeration of how it is the best currency. See the price of gold never changes, it is all the other currencies that change. Usually other currencies will inflate, sometimes deflate, but always end.
Posted on 6/14/17 at 11:59 am to zatetic
quote:
See the price of gold never changes
You keep saying this, but it is patently false
Posted on 6/14/17 at 12:00 pm to Thib-a-doe Tiger
These threads are always fun 
Posted on 6/14/17 at 12:03 pm to Broke
We have the best threads, don't we?
Posted on 6/14/17 at 12:03 pm to zatetic
I was giving you the benefit of the doubt that you just made an error of expression. You are just silly. The amount of goods that a given amount of gold could buy has changed from year to year. The amount of value that it could return to you has changed. Therefore the value has changed.
You are speaking pure nonsense.
You are speaking pure nonsense.
Posted on 6/14/17 at 12:06 pm to Peazey
In this thread:
We argue that one of the worst performing investments of all time is actually the best
AND
That past performance has no bearing on stock purchases and therefore stock price
AT THE SAME TIME!!!!!!!!!!
We argue that one of the worst performing investments of all time is actually the best
AND
That past performance has no bearing on stock purchases and therefore stock price
AT THE SAME TIME!!!!!!!!!!
Posted on 6/14/17 at 12:36 pm to Peazey
quote:
I was giving you the benefit of the doubt that you just made an error of expression.
I literally said it was an exaggeration of being the best currency.
Gold is the true value of all currency because it is the only constant currency. All other currencies are the variables, as they inflate, deflate, and most importantly end; gold never ends. You see, it is an exaggeration based on its permanence compared to every other currency? Yes, gold can be mined and used commercially changing its amount (and value) but compared to every other fiat based currency it is unchanged (or unchanging).
quote:
The amount of goods that a given amount of gold could buy has changed from year to year.
This is such a given that it is not important because people and places value things differently (for all currencies). Guys won't place the same value on tampons that a girl would for example.
Posted on 6/14/17 at 12:40 pm to zatetic
Gold is no longer a currency. It is a commodity
Posted on 6/14/17 at 1:13 pm to Thib-a-doe Tiger
I still don't believe they exist because I haven't seen one. There are no pictures online or anywhere. How big are they? Smaller or larger than a quarter?
Posted on 6/14/17 at 1:51 pm to SelaTiger
bitcoin mining isn't stealing money lol
do you have any idea how many bitcoin transcations take place they got to take place somewhere bitcoin mining rigs are the back bone of bitcoin infasturcture you get a cut, a very small one, for letting the transcatino take place on your rig
though it's not fiesable to do unless you are in a third world country because of energy expenses
do you have any idea how many bitcoin transcations take place they got to take place somewhere bitcoin mining rigs are the back bone of bitcoin infasturcture you get a cut, a very small one, for letting the transcatino take place on your rig
though it's not fiesable to do unless you are in a third world country because of energy expenses
Posted on 6/14/17 at 2:34 pm to SelaTiger
quote:
I still don't believe they exist because I haven't seen one. There are no pictures online or anywhere. How big are they? Smaller or larger than a quarter?
Bitcoins are data, not physical. It is not actually a coin.
It's like saying you don't believe computer software exists because you haven't physically seen computer software. Bitcoins, like computer software, are stored on hard drives, USB drives, in the cloud, etc.
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