Is Crypto-currency Value Being Manipulated as a Means to Taking Physical Gold Out of Private Hands?

a reply to: Aazadan

you don't want to be caught with something going bust.

There are high frequency trading platforms for the stock market dark pools that can steal your investment between ticks.
10 minutes for a block chain verification is an eternity!
The only way people have reliably made money in stocks is to buy and hold long enough for a persistent long term positive trend.

originally posted by: neo96
a reply to: JinMI

Happy life, chunk of land and toys of course!

Thats what I want.

Several hundred acres.

I don't like neighbors.

I'm sure Burdman could use a d i s t a n t neighbor! Plenty of acres up in that white walker nation.

a reply to: Cauliflower

HFT usually sticks to specific sectors. There's limited space/computing power available for them so they focus on only the most profitable trades. You can actually get into HFT yourself from home if you focus on less trendy stocks and pay for data that's accurate up to the millisecond.

I think that's largely a waste though. I'm a big fan of simplicity in investing. A well balanced diversified portfolio, with low risk, moderate returns, and low time investment. Chances are you're not beating the market (and if you do, it's luck), so my viewpoint is to expose yourself to as much of the market as you can to get closer to the average.

originally posted by: DBCowboy
a reply to: worldstarcountry

Bit-coin is this decades "Beanie-Baby".

In my opinion.

I'm a gold buyer personally.

There's more to it than that. Bitcoin is really just the first working prototype. It's too slow for normal use. If you were going to relate bitcoin to an existing commodity, it's a gold bar. It's expensive, valuable, and relatively hard to trade. Some of these other systems like Ethereum which can build a contract into the coin so that you can conditionally give it to someone else are a little easier to use day to day.

I don't see cryptos going anywhere in the next decade though. Maybe they'll be added to the baskets of currencies but you won't be going into a store and buying something with them.

I could however see a new generation of crypto backed by governments replace existing money. It would eliminate fraud and simplify taxation.

originally posted by: DBCowboy
a reply to: worldstarcountry

Bit-coin is this decades "Beanie-Baby".

In my opinion.

I'm a gold buyer personally.

That would be these:
www.cryptokitties.co... Some selling for 100K +

Gold is important. In fact, many are shaving Bitcoin profits for physical gold.

a reply to: Aazadan

If you say so.

I don't trust anything that is basically 1's and 0's.

And yeah, our current currency is basically backed by unicorn farts and good intentions, but that's why I buy gold.

originally posted by: DBCowboy
a reply to: Aazadan

If you say so.

I don't trust anything that is basically 1's and 0's.

And yeah, our current currency is basically backed by unicorn farts and good intentions, but that's why I buy gold.

But the price of gold is calculated in unicorn farts and good intentions. rock_hardplace

But at some of the Casinos they will give you 15% below spot for trade in chips.

a reply to: JinMI

Alaska is full, unfortunately.

originally posted by: burdman30ott6
a reply to: JinMI

Alaska is full, unfortunately.

That is NOT what Canada told me.

Carefull Carefull,

At this rate, BTC is in a certain bubble. If it drops significantly after you go in, it may take a long while to get your investment back, if you ever will. This is playing craps on steroids right now. Do not put it what you cannot afford to lose. If you are lucky enough to double your investment, get out!

originally posted by: JinMI

originally posted by: burdman30ott6
a reply to: JinMI

Alaska is full, unfortunately.

That is NOT what Canada told me.

Canada lies.

a reply to: worldstarcountry


So after a few weeks investing in BC, everyone removes their money at thousands of per cent profit. Or after the big boys get out, you have a loss just like the share market in a suckers rally. What it is telling us is that PM's are in what ever the opposite of a bubble is, and when they go to fair value it wont be nice.

a reply to: anonentity

Yea, anyone who has already make big should take a much more conservative approach going forward. The big boys are jumping in.

originally posted by: burdman30ott6

originally posted by: JinMI

originally posted by: burdman30ott6
a reply to: JinMI

Alaska is full, unfortunately.

That is NOT what Canada told me.

Canada lies.

Great band name.

originally posted by: neo96
a reply to: AMPTAH

Crypto is the worst possible investment anyone can make.

That's an opinion others vary.

Sure. Of course. Opinions must differ for markets to exist.

Nothing happens in this world without disagreement.

When we all agree, every thing comes to a halt.

God and the Devil must both see a profit in letting man take the next step in his life.

Otherwise, the man can't move.

This is the constant battle being fought every day in the universe of all things.

Think of the stock market.

The buyer only buys when he thinks the "value" is "more" than the current "price."

The seller only sells when he thinks the "price" is "more" than the current "value."

So, for every transaction that occurs in the stock market, for that transaction to happen, the buyer and seller must "disagree" on the "value" of the stock. Once they disagree, they can find a "price" between those "two values" that each is happy with, thinking he'll make a "profit" on the trade.

Both the buyer and seller must believe they will make a profit for the stock to change hands.

Disagreement about "value" is the key to finding an agreement on "price."

If buyer and seller both agree on "value", then there's no price between their valuations that could bring either of them a sufficient profit, to entice them to trade. So, then they both "hold" their positions. And the activity stalls.

Then, nothing happens.

As the scriptures put it "Each man stands solitary". [-- The Gospel of Thomas #16 ]

Opposing views are necessary for activity. This is the fundamental principle of the universe.

Now you say, some people think crypto is good for "investment."

But, you haven't "defined" what you mean investment. So, that could mean anything.

So, one man's "investment" could be another man's "trade."

Every time someone sells their bitcoin, so that another person can take up a position in the crypto, the seller is "cashing out" before the fall, and the buyer is thinking this thing has more run to go, and he'll be able to cash out later to the next dreamer that sees the bull market going up forever.

What goes up, must come down.

The only question is when.

originally posted by: worldstarcountry
a reply to: Painterz
Some people are yes. Others are foregoing buying gold and instead opting for cryptos. Thats essentially keeps gold from leaving the vaults into private hands.

And some suckers are clearing out everything they have to pour it into crypto in hopes of doubling up or better. I just thought it was an interesting phenomenon to look into. Im getting ready to buy in myself against my own gut instinct, but I won't be selling anything I own to do so.

For folks looking to get in it's a lengthy process..I use coinbase.com but again because so many are looking to get in they are swamped. The other exchange I would is Poloniex and lastly Kraken. Keep in mind that these exchanges require multiple forms of ID to be approved. For the nay sayers I put in 3500 into bitcoin on november 6 and as of now that has raised to 8015.20. I suspect it will hit 20,000 by February. My suggestion is to jump into litecoin at around a 100 bucks.

You can directly put your profits back into your account but realize that these are taxable and must be included when you submit your taxes or you can risk it.

This movement is what I consider to be very similiar to what the Boston Tea Party represented..there are online retailers that accept bitcoin like microsoft, overstock, tesla, some college bookstores such as MIT and a few more if you are curious..

originally posted by: chrismarco
For the nay sayers I put in 3500 into bitcoin on november 6 and as of now that has raised to 8015.20. I suspect it will hit 20,000 by February

I have been trading various markets for a long time. All I can say here is, until you cash out. You've got nothing. No gains. No profit. Nothing. You've got "bitcoin" which has no value until it is actually spent on something or cashed out for Dollars.

If I were you, I'd test this theory. Cash out now, take your gains. Then buy in again later, if you're convinced that you can easily cash out, just as it was easy to buy the bitcoin.

Experiment. Test your hypotheses. Don't believe you can do something you haven't actually done !

I bought some bitcoin 8 months ago, and Im kicking myself for not spending just 2/3 of what was in my checking account on several coins. I would have been a millionaire today!

I am still keeping all my gold an silver

I bought at 1000, I saw 17500 for awhile today, and it sitting at $16,255 right now

originally posted by: StallionDuck

originally posted by: ADSE255
a reply to: worldstarcountry

The only reason I am sketchy about the coming cashless society is mostly due to bible prophecy and such.

Even then, the good book says that silver and gold will be thrown into the streets. It will become worthless.

Yeah, that's not quite how that's used....

Ezekiel 7:19 - They will throw their silver into the streets, and their gold will be an unclean thing. Their silver and gold will not be able to save them in the day of the LORD's wrath. They will not satisfy their hunger or fill their stomachs with it, for it has made them stumble into sin."

Well then. I think our stumble into to sin has surpassed itself many times. It would seem we're already there. I can't wait for the finale when the fake Christians come out to make their final claim.

The loudest, most boastful are often the least caring, by far.