Topic: david morgan - page 2. (Read 7838 times)

fcmatt thanks for the concern about out exit strategy.

Why don't you go back to ranting about metals gurus? It suits you! 

the wall at 13 will hold...

OH SHIT NO WALL!

Edit: now theirs a wall

you make it sound like you know when to exit. 100% profit? 200% profit?
what is your exit plan?

don't let greed win out. set your stop loss in your head before you ride it down.

IF that happens we'll just snip 'em up at wholesale discount again

 :-P

bitcoin bubble part duex. prepare your exit plan kids.

Seriously you are wasting your time typing all of that. I read 3 words and stopped and replied here.

 

From the looks of it you appear to be useless given that I refuse to even read what you type.

LOL!

i reread my post. my collection of half eagles was only 40-50 coins. not the full run. i wish i had 1854-S/1875-P half eagle.
anyway.

i am paying down all debt. one car left. paid off 25% more of the mortgage in last 16 months and refi'd to 15 yr at 3%. have to consider
tax things if pay off the rest as soon as possible. soaks up cash just sitting around in checking account.

always fully fund ira and/or 401K. my wife and i.
have new born son. not as expensive as I thought but there goes 1500 a month easy once you add in day care.

taking a stab at sales. i am network eng. we have new colo facility. lining up customer who wants 250 servers for example.
way to generate more income while doing my regular job.

thinking about commercial property downtown. older building that can be redone. store on bottom, not sure what on top. think older
brick building, two stories. like an old hardware store that has character that was built in 1880. tough to find right place though.

improve value of what i have. house front yard landscaped last year. this year and early spring back yard. i need the exercise anyway.

so with no obvious easy money ideas available i just keep busy. just don't lose the money seems to be the theme right now with
paying down debt and maintain what you own. dreaming of owning a commercial property while chance to buy is lower price. economy will
eventually turn around and interest rates are low.

i wish i saw the next good thing. but i don't know yet. if i had to guess it would be small cap stocks when economy turns around. right
now large cap are winning the day.

so tell me

are are you doing next?

This is Information Age. Your metals are good for electronics and some jewelry, that's it.  Other than that they're expensive store of value, not easily divisible and not easily transferable across distances which is also expensive.

metal gurus are useless. a blind squirrel should have saw the nut that 7-10 silver was.
i went through 1000s of ounces selling on ebay with the stupid premiums people paid.
non stop flipping until it went to about 20 an ounce. That is when I stepped back and said
it was a good ride but i no longer think silver is worth 20 an ounce. let others take the risk.

sold my gold coin collection (liberty half eagles 1839-1908) and put it as down payment on the
house i am living in. housing market crash was good timing to purchase.  gold is over priced when
coming out of the ground at 600-800 an ounce.

then i decide i no longer want metals, i have my house, i think stocks are cheap. especially dividend paying
stocks. people sold them off. i bought those. good times there. now they are expensive though.

i do not bother listen to metal gurus who say the same thing decade after decade.. finally getting it right
this decade. i think for myself. i look for next opportunity.

so i am not sour on them. i am bored of them. like listening to a parrot screeching for a cracker.

when people want bitcoins, bitcoins, bitcoins.. i want out of them. time to sell. sell as fast as you can.
move on to greener pastures that have more potential. nothing wrong with a profit!

old dogs, new tricks. they will not get bitcoin. no interest in it. they know gold and silver though. and as
before they will ride it up up up.. and all the way back down. commodities have been doing this cycle for
200 years.

end rant.

Wow I read the first two sentences of what you wrote and couldn't read anymore.

Someone has a sour attitude towards the metal gurus.... 

reading an article or a twit about bitcoin is much different then going out and actually downloading the client
and acquiring 10 BTC. you will always find exceptions. I see a few on this forum.

if those metal gurus ever started preaching about bitcoin all the hard core gold/bullets/food bugs would
drop them so fast and laugh at them. To think they should spend their gold/silver or current fiat holdings
for something like bitcoin which is a digital currency is very funny.

50 and 60 year olds know about the metals from past experience in the 80s. they saw the elephant with their
own eyes. to expect them to learn a new trick, attempt to understand why bitcoin is useful, why it could
possibly have value, will just glaze over their eyes. they will just continue to stack those metals.

fiat == bad. inflation. govt. corrupt
digital currency == worse. no intrinsic value. no long history. can disappear with a crash of a PC (pls don't bother with saying backups, they have enough trouble holding onto digital pictures), limited acceptance in places they frequent, etc...
metals == i control it. always has value. never goes to 0. chance to keep up with inflation. etc...

Yes and he breaks that statement about old dogs and new tricks...

Young at heart then...

He's aware of Bitcoin.  He was a Twitter follower of mine and also followed my blog.

52 according to http://de.wikipedia.org/wiki/Max_Keiser

this might be true, but we'll see... never underestimate...

Prejudging are we?

Max Keiser isn't much older than i am. I'm 29. He is what...35? 40? at most?

Old dogs and new tricks. Dont expect much from older generations and bitcoin. Aint going to happen.

fuck