Topic: don't be stupid, stick to the fundamentals and ignore the short term volatility - page 2. (Read 2395 times)
August 12, 2014, 07:07:47 PM
Bitcoin and precious metals are being pushed by clever salesmen on ZeroHedge and certain other conspiracy theory websites. What they have in common, is a total inability to accurately predict the future. Hence their numerous failed predictions of when the "economic armageddon" will start. Gerald Celente, Peter Schiff, Marc Faber and Max Keiser are just some of these crooks. (Yes, I know that some of them are sceptical towards BTC, but they all push precious metals, since they make a lot of money doing so.)
August 12, 2014, 07:01:00 PM
There is really nothing fundamental on the coin other than buyer/seller willingness to transact at certain price.
The core of the issue is, how do you change how people view the coin and convince buyer to buy at high price and convince seller to sell at higher price.
The core of the issue is, how do you change how people view the coin and convince buyer to buy at high price and convince seller to sell at higher price.
August 12, 2014, 06:54:12 PM
i think the OP is fundamentally confused. i get the sentiment, but.....no.
August 12, 2014, 06:51:30 PM
precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
Banks in general can't print money, only the central bank can.
Also the modern conception of money envolves it being backed by a central bank that will be responsable to emission of the coin. So silver and gold, or bitcoin, can't be considered money in the modern sense.
Also where are the fundamentals about the bitcoin's moon mission? If we take your speak as true, then gold and silver can very well replace bitcoin as money, so there is no warranty of bitcoin not going to 0.
August 12, 2014, 06:48:37 PM
What is the fundamental?
As a crude oversimplification:
Fiat economony > $100 Trillion
Crypto economy < $10 Billion
Fiat economy = Doomed
Crypto economy = The future
Therefore:
Crypto = Real cheap right now
August 12, 2014, 06:48:14 PM
precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
Precious metals are horrible investments. They can go down for several decades like they did in the 80s and 90s and even under perform inflation.
As for cryptos, there is a time to buy and sell. Blindly hodling can be very costly.
August 12, 2014, 06:30:03 PM
What is the fundamental?
Who is to say the price is undervalue or overvalue?
Who is to say the price is undervalue or overvalue?
August 12, 2014, 06:27:20 PM
precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
Well said. While you can't be sure that bitcoin will be the primary life boat, you can be sure that the fiat titanic will sink.
There is a lot of noise in the marketplace that can be ignored. Those who are patient and strictly follow the most simple fundamental logic will be better off.
ya.ya.yo!
August 12, 2014, 05:25:08 PM
precious metals and crypto currencies are the only things in the world that can be money, simply because you can't easily create more of them and they store alot of purchasing power in a compact package.
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
banks printing fiat money and arbitrarily investing it are causing the misallocation of resources, shifting production resources from goods people really want to crap nobody needs.
their central planning experiment will destroy the fiat economy before the end of this decade.
jump off the titanic and get on the bitcoin life boat, its going to be rough...
Jump to: