fish come in all sizes
market cap 400mil. 500 million will be a great psychological point
http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Topic: 2013-02-27 Rick Rule of Sprott Asset Mgmt Discusses Bitcoin (Read 2799 times)
thats the great point molecular
fish come in all sizes
market cap 400mil. 500 million will be a great psychological point
http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
fish come in all sizes
market cap 400mil. 500 million will be a great psychological point
http://blockchain.info/charts/market-cap?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
the thing with Rick Rule; if he wanted in he'd have to ask for help. and if he asks for help and doesn't want people to know he'd have to ask for secret help......seems hard
I'm sure people like Trace Meyer would understand the need for secrecy and help discretely.
and to knowingly get in he has to have people working around him that also trust bitcoin as an investment.
My market cap point is that bitcoin is small. and if he invested as much as he'd invest into a company with similar market cap, he would send shockwaves; so I wouldn't think he'd do that and if investing less then its LESS worth it to get in......therefore...maybe wait until bitcoin looks more secure
My market cap point is that bitcoin is small. and if he invested as much as he'd invest into a company with similar market cap, he would send shockwaves; so I wouldn't think he'd do that and if investing less then its LESS worth it to get in......therefore...maybe wait until bitcoin looks more secure
Yeah, this makes sense I guess. Maybe this whole thing is a continuum. Bigger and bigger (and increasingly risk-averse) investors come in while (and because) the "capitalization" is growing.
Bitcoin might be too small yet for the big fish, but fish come in all sizes.
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
just what does your avatar mean?
It's the flying spaghetti monster. I'm a pastafarian.
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
just what does your avatar mean?
It's the flying spaghetti monster.
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
the thing with Rick Rule; if he wanted in he'd have to ask for help. and if he asks for help and doesn't want people to know he'd have to ask for secret help......seems hard
and to knowingly get in he has to have people working around him that also trust bitcoin as an investment.
My market cap point is that bitcoin is small. and if he invested as much as he'd invest into a company with similar market cap, he would send shockwaves; so I wouldn't think he'd do that and if investing less then its LESS worth it to get in......therefore...maybe wait until bitcoin looks more secure
The more people we have promoting Bitcoin the better. It's not 2010 or 2011 but nonetheless 99.9% of the population hasn't heard of Bitcoin and if they have still don't understand its significance. When the USD/BTC exchange rate is listed in every newspaper and referenced every hour on CNBC there is still promotion to be done.
I think over 0.1% HAVE heard of bitcoin. 1% would be good enough (10x now)
I DON'T want bitcoin listed on every newspaper (if those exist next year) and TV show because then the government would for sure have already stepped in to help 'regulate' our free market liberating currency turning it into something ugly
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
just what does your avatar mean?
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
we don't need schiff. he can miss the train
At this point the more we have the better.
the more people missing the train or the more people on the bitcoin train? This isn't 2010 or 2011; bitcoin is here to stay.
The more people we have promoting Bitcoin the better. It's not 2010 or 2011 but nonetheless 99.9% of the population hasn't heard of Bitcoin and if they have still don't understand its significance. When the USD/BTC exchange rate is listed in every newspaper and referenced every hour on CNBC there is still promotion to be done.
just watched this talk by doug casey: http://www.youtube.com/watch?v=ryD5lqRM-Tw (I think it was posted here but can't find the post).
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
Watch that video (especially the 2ndish part about getting yourself and your wealth out of the country). Then look my avatar straight in the eye and say: "Bitcoin is in a bubble".
the more people missing the train or the more people on the bitcoin train? This isn't 2010 or 2011; bitcoin is here to stay.
If all works out as planned, noone will have missed the train in the end. The question is just how fast you need to run to hop on and wether or not you get a nice seat in the dining car.
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
and/or a 350million market cap and steady bull market doesn't have much appeal for rick rule
that's too bad for him; this is precisely the type of market he should be looking to frontrun.
exactly!
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
and/or a 350million market cap and steady bull market doesn't have much appeal for rick rule
why not? He seems to love 100-baggers.
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
Sometimes I wonder if they are acquiring. If they really thought bitcoin was a good idea... would they blurt it out to their sheeple right away? I'm not sure... these people seem to often make a point about being transparent and not front-running their customers and all that, but hell: with bitcoin, who would even be able to notice?
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
we don't need schiff. he can miss the train
At this point the more we have the better.
the more people missing the train or the more people on the bitcoin train? This isn't 2010 or 2011; bitcoin is here to stay.
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
we don't need schiff. he can miss the train
At this point the more we have the better.
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
we don't need schiff. he can miss the train
choo choo
Yeah if we were to get these guys on board, it would be massive, they are also great salesmen. As the goldbug community gets converted, Sprott will also fall in line, I'm sure. Rick Rule is one of the smartest/erudite/successful goldbugs on the planet, his position on Bitcoin has and will evolve just like it's starting to do with the Mises guys and James Turk.
Great video. I had a pretty in-depth discussion with Rick Rule, along with a separate discussion with Peter Schiff, and others, last Saturday at the investment conference in Palm Springs. Great to see this coming along.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
we don't need schiff. he can miss the train
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
and/or a 350million market cap and steady bull market doesn't have much appeal for rick rule
that's too bad for him; this is precisely the type of market he should be looking to frontrun.
I thought you said you sorta scared Schiff in that he didn't want you to make him look like a fool. Schiff is pretty computer/tech illiterate but obviously an economic giant. Do you think he'll ever come around to understanding the value of BTC or is he too wedded to his PM busines?. Maybe you can get on his show (if you are who I think you are) and discuss BTC now that it made a new all time high.
Now, you've gone too far. I'm a Peter Schiff fan, but I don't think he is anything close to an "economic giant". He knows his stuff and he is solidly grounded in the libertarian philosophy and Austrian economics, but his most important attribute is that he won't shut up
. I think he is unfortunately somewhat blinded his ego, and he is going to miss something as a result of that blindness, and make a dumb mistake.I've been listening to Schiff for years and wholeheartedly agree about his ego and verbosity. I can get past his personality though because of his vast knowledge of the economy and his ability to explain its workings in a clear and simple way. He is brilliant. He has a broad knowledge base spanning macroeconomics, government policy, constitutional and American history, and technical analysis. He doesn't use notes or teleprompters and can debate anyone anytime. He got one of the Social Security trustee to admit it was a ponzi scheme for cryin' out loud (http://www.youtube.com/watch?v=ITMEZImvNio). He also shows some humility and admits that he knows the endgame (a currency crisis) but finds it difficult to predict the endgame.
Honestly, I know "economic giant" seems a bit outlandish but who out there is any better?
give me a break. i used to like him too but he had a great opportunity with Bitcoin but totally missed it. i think he's too invested in the gold/silver community to extract himself, much like all the others mentioned above:
http://www.youtube.com/watch?v=vTr_hTC90oQ
Schiff is tech illiterate and therefore I can't blame him for being skeptical and not on board yet. I called into his show a few weeks ago to try and sell him on BTC but to no avail. Just because he doesn't accept BTC yet doesn't negate everything else he has done in the economic realm. Which other economists out there do you think are better?
Schiff is not an economist. he's a money manager.
who do i consider better? any economist who takes Bitcoin seriously and i don't believe i really know of any except for George Selgin.
otherwise most economists who think like Austrians believe solely in gold. this is an idea i have been fighting for a long while now.
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
and/or a 350million market cap and steady bull market doesn't have much appeal for rick rule
funny FMT just released an interview today with him and I think they didn't mention bitcoin at all. (they had a bitcoin report a month or two back for paid members)
http://www.youtube.com/watch?v=taVcsxZeNqI
http://www.youtube.com/watch?v=taVcsxZeNqI
you don't hear James Turk mentioning it all in any of the many interviews he's given since interviewing Felix de la Cova either. they are fighting it. and no wonder, they are all deeply entwined in the gold trade.
Jump to: