Topic: david morgan (Read 7838 times)

exactly, there's still time and noone can complain about early adopter unfairness. Perhaps about "really early adopter unfairness".

The boat has not sailed yet and there is still time to get on.  This boat is like the boat in Lord of the Rings, Return of the King when near the end of the movie it takes a really long time to depart.  All aboard!  Bitcoin to $100. 

Yeah. I was talking to someone this morning and recounting a story about a few of our mutual friends, who both run money out of NYC, who I introduced to Bitcoin. I let him know that if they had put $25k in then today it would be worth about $7.5m. For whatever reason they missed the boat, bad.

I agree with this partially. But I also think that something new needs time to grow on someone. Gold and silver have been around for thousands of years.

I honestly think having a foot/hand in both bitcoin and the metals isn't a bad bet. The majority of my investment is in bitcoins currently.....i'm happy to say 

Denninger is really arrogant.  i know the atom bomb middle finger picture you're referring to.  guys like Peter Schiff completely dismiss Bitcoin and in the meantime is setting up gold investment funds and now even a non US bank backed by gold.

in all fairness, you even admitted to missing the first Bitcoin wave on your blog.  i still read it from time to time even tho i'm very much less invested in pm's than i used to be as of last year.  having said that, i've already said you were a major factor in me investing in gold/silver starting back in 2005 and ending 2011.  read all your posts, listened to all your podcasts and bought your e-book and i thank you for the words of wisdom that resulted in big profits all those years.

i still listen to all the gold bug podcasts by the known pundits and i find it exasperating that none of them mention Bitcoin at all.  i'd have to think that most of them have already heard about it from you and others.  it's amazing they don't even mention it as a possibility.  all the virtues they expound for investing in gold apply to Bitcoin and even then some like transportability.  

i am a living example of one of those you mentioned who has made a near complete shift from pm's to Bitcoin and the returns so far as a result have been spectacular.  and with more to come.

there's one more reason neither of us have mentioned yet about the pundits; there is a huge vested interest in not acknowledging something that threatens their existing positions.

edit:  so what do you think of RunToBitcoin.com? 

I think it has more to do with humility and a willingness to learn. You would be surprised at the arrogance of most of these gurus; Denninger sent me an atom bomb middle finger once as a response to one of my emails in the middle of an email conversation with quite a few of recognizable names.

Bitcoin is not simple and being able to comprehend it and the economic and monetary science implications takes an extremely keen mind plus the ability to not be dragged back to old paradigms. It takes an ability to analyze things objectively and with extreme vision and foresight. Keep in mind that so many of these people derive so much of their personal identity from their work; work which they have trumpeted for years.

But then perhaps I am just the pot calling the kettle black. Having been around Bitcoin for a few years and having started recommending it around $0.05 it appears that quite a few of these people have missed the trade of the decade, if not the century.

13.50/.05=270x.

Wouldn't it be ironic if the huge transfer of wealth the sound money folks have predicted goes not to the holders of gold and silver but instead to the holders of bitcoins. Oh wait, isn't that what is happening? If they missed and are missing the call on Bitcoin then I am not so sure they are worthy of the faith so many put in their opinions. Sure, they got a few things right but at the end of the day not what truly mattered.

Basically gold/silver and bitcoin have their pros and cons to having invested in them.

The reason why I still buy silver regularly.

precious metals are also easily stolen if not secured properly, so saying the same for bitcoins does not really give that argument much of a leg to stand on.

seems to be more of a crapshoot than that.  unfortunately, it seems its more dependent on age than anything, sunnankar being the quintessential example of a goldbug who got it but only b/c his testosterone is still raging  .  but that doesn't explain me, a boomer, who got it a long time ago.  more probably it has to do with computer literacy and a willingness to dig in, learn, and think non-linearly.

+1
I would add Jim Rogers to that list. He is a notorious commodities bull (loves agriculture, silver, lead, ect.) and extreme sceptic of central banks (Ron Paul style). Once he understands bitcoin, I'm sure he would love it too.

The following people should be able to grasp bitcoin because they have both monetary and technological awareness.

Eric Townsend
Chris Martin
Marc Faber
Karl Denninger

I emailed Denninger and asked him to accept bitcoin payment for premium access to his forum, but the email bounced. But I know he's aware of bitcoin because he mentioned it on his blog. He seems to be against it. He calls himself a libertarian, but he supports the government, the dollar and is against Ron Paul! Go figure!

apparently my story went over most everyone's heads. 

lol
now rewrite it in the setting of MadMax

Beginning of Story:

Setting:  sunnankar and GoldBug, Mila Kunis, trudging thru The Book of Eli desert wastelands.

Goldbug:  .......I just don't get it, this thing called Bitcoin.

sunnankar:  You will.  after all, which is lighter?  This USB stick in my pocket or that backpack full of gold you be luggin'?

Goldbug:  Well, nevermind you, the spot price; it's physical that counts.  Plus, if you were a Real Man you'd carry it for me.  AND, the length of that USB stick is physically about all you got btwn your legs anyways, punk!

sunnankar:  Ooh, gettin' testy, eh?  Nuttin', worse sexier than an irate female Goldbug.  Nah, I just let you physically struggle.

Goldbug:  STFU!

a half hour later....

sunnankar:  Damn, I'm thirsty.

Goldbug:  There!  Can you see it?!!!  That shimmer off in the horizon!

sunnankar:  Water?

Goldbug:  No?!  It says....wait......Run.....To..................................Bitcoin! RunToBitcoin.com?  WTF ?

sunnankar:  Uh, well, ur.....see.  See!  There you have it!

End of Story

Yeah, I am curious too. Did he get it or does he see the potential?

So what were his thoughts on bitcoin?

Mike Maloney knows, or should know, about Bitcoin because I had an hour long lunch with him where we discussed it in depth.

And Mike is not the only one; I have spent considerable time discussing Bitcoin in depth with many of the various writers. A few of them get it and most of them do not. There is a huge learning curve with Bitcoin and it takes a tremendous amount of monetary science, cryptography, computer science, economics and other disciplines to really grasp it. Of course, the best way to learn is to do it. So, refuse to buy their stuff until they accept Bitcoins. That will help them learn real quick!

But they will get it faster than your local idiot peddling MBSes at Wells Fargo.

Because I end up trolling people like you so hard that you end up having nothing to say in retort so the ignore button gets pushed. 

smoothie, why is your ignore link under your name high lighted?

i'll just buy more at super cheap rates if we get to it which i highly doubt.  i'm not selling while there is strong demand out there. last year i did well on down trend but i'm staying out on uptrends - i lose more this way if i trade on up.
exit plan: retire on Bitcoin =)