Author

Topic: Gold collapsing. Bitcoin UP. - page 1209. (Read 2032266 times)

legendary
Activity: 1764
Merit: 1002
December 02, 2013, 11:05:51 PM
i will admit im a risk taker and i have made some good calls.

people thought it was crazy when i left school the first time. but it was great, made some money and then later went back. and while i was at school did the gold and oil thing. then i suspect gold and silver were going to correct and as luck would have it, crypto was right here.

i still think we might lose 35% more in gold and silver but i dont care, holding some silver and land is just smart. im now thinking about generations after me more than myself. crazy thing to do at 30 and yeah its been an odd life.

iv had so much good luck (golden cock thing) that i just sort of expect the worst. hitting heads so many times in a row will make a guy start to wonder about things. lol



about that gold thing, everyone thought i was nuts but i knew i was right. i even called the housing collapse, got my parents to sell just in time and got them into gold...

honestly i for a while thought i might have been insane as the gold thing just look so clear as day to me that i could not understand why others did not see the same thing, even after i showed them my logic. took me a few years of wondering if i was insane or not but now i think im pretty sane but still. i cant be the only one lol Smiley

is that right?

i don't recall even seeing you in this thread until the last year or so.  and you certainly were no where to be seen the latter half of 2011 when i was engaging in hand to hand combat with the gold bugs after my first gold thread started in 8/2011.

all i see is someone continually buying silver dips only to be handed a bloody knife.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
December 02, 2013, 09:45:20 PM
It wasn't just his knack to make good calls, you also have to have a particular kind of personality-the risk seeking one. You could have seen the cryptocoin thing coming, but are you going to cash out all your PM investments, which was going so well, to get all in into it, even if the chance of cryptos get to 0 is only 20%? For me the answer was definitely a "No", and I doubt many would have said the same. People like me would only invest what they could afford to lose without kicking themselves, so we should be reasonable about our investment expectations, (though more than 10000% return is not reasonable anywhere out of the crypto circle Wink)
Yeah, you have to be confident AND right.  Most people are either either much more conservative, or very impulsive people that throw money at things they hardly understand.  
hero member
Activity: 784
Merit: 1000
December 02, 2013, 09:39:09 PM
hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Wow, you did it with style too (although one can hardly recommend using leverage Wink).

You sir deserve to be fucking rich Smiley

It wasn't just his knack to make good calls, you also have to have a particular kind of personality-the risk seeking one. You could have seen the cryptocoin thing coming, but are you going to cash out all your PM investments, which was going so well, to get all in into it, even if the chance of cryptos get to 0 is only 20%? For me the answer was definitely a "No", and I doubt many would have said the same. People like me would only invest what they could afford to lose without kicking themselves, so we should be reasonable about our investment expectations, (though more than 10000% return in fiat terms is not reasonable anywhere out of the crypto circle Wink)

Also, I think what's equally important, perhaps more important is the experience, that we were here, at the start, together pushing this crypto thing into what it is today, and what it will be tomorrow, such a experience is priceless, along with many tales that will be told to our children and grandchildren.

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
December 02, 2013, 09:24:26 PM
Hmm, looks like we're having a shameless Goatfest in here?  Cool

Meh, I would rather admire Cypher and Goat for their calls than figure out what's new in Justin Bieber's life  Smiley.
They might actually have some useful insight into the world to offer.
sr. member
Activity: 448
Merit: 250
December 02, 2013, 09:01:56 PM
Hmm, looks like we're having a shameless Goatfest in here?  Cool

legendary
Activity: 1008
Merit: 1000
December 02, 2013, 06:22:58 PM
hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Weren't you also an early ASICMINER investor?
legendary
Activity: 2324
Merit: 1125
December 02, 2013, 06:13:22 PM
How do you accidentally start a company?

i wanted beer money. the goal was to get a bit of extra cash while i went to school. it just got so big so fast i had to leave school.

Hahaha, you are officially one of my new hero's. In Holland we call that having a golden cock when everything you try always goes your way. I thought mine was pretty shiny but your seems to be solid 24-karat Wink
legendary
Activity: 2324
Merit: 1125
December 02, 2013, 06:00:23 PM
How do you accidentally start a company?
legendary
Activity: 2324
Merit: 1125
December 02, 2013, 05:24:10 PM
hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

Wow, you did it with style too (although one can hardly recommend using leverage Wink).

You sir deserve to be fucking rich Smiley
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
December 02, 2013, 05:20:57 PM
hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)

i went all in gold and silver on leverage around 300 and 7.    also made a bit with oil going to the moon.      to get my start money i sold a tech company to amazon in early 2002.



i did sell almost all of my gold and silver to get into crypto and im just now replacing some of it with a few percent of my crypto. i do not feel bad at all for doing this.

WOW. That is a face-melting series of calls. Congratulations.

You shouldn't feel bad for securing wealth and re-establishing some semblance of a portfolio balance. Any rational investor should do that.

But if you do feel that you have more money than you could spend in ten lifetimes, I would encourage you to consider how you can support the growth of the Bitcoin ecosystem with that capital. That is in all of our best interests.
legendary
Activity: 2324
Merit: 1125
December 02, 2013, 05:11:29 PM
hey Chaang,

you're gonna be rich!



Fixed that for you. I have money wealth than I could spend in 500 years. And because of that I'm going to spend at least 1% on silver and gold.  Grin Grin

I bet you wont like this but I bet someone is still using silver and gold as money after BTC dies (even if it takes 1000 years).

How did you acquire all that wealth? (Besides crypto)
legendary
Activity: 2324
Merit: 1125
December 02, 2013, 04:52:29 PM
What do you guys think? Are we near the bottom yet, feels like it.

Measured in what? In monopoly money? Perhaps. In Bitcoin? No way Tongue
hero member
Activity: 841
Merit: 1000
December 02, 2013, 04:49:57 PM
What do you guys think? Are we near the bottom yet, feels like it.
hero member
Activity: 509
Merit: 500
Can't upload avatar
December 02, 2013, 12:47:22 PM
Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila
Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?


Estonia. They are the only country in the EU without VAT on silver. I think forum member rpietila can confirm this.

Estonia is without VAT, but price is not so much lower.

I use http://www.bullion-investor.com/silver/philharmoniker to check price.

You pay VAT where you buy. But when seller sells too much (exceeds some quota), he must pay extra VAT. So best known silver sellers from Germany don't send to my country any more (they did earlier this year, before they sold too much).
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
December 02, 2013, 12:12:24 PM
Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila
Sorry for OT but don't you still have to pay the tax?  In USA the state sales tax if not paid by customer when he buys out of state is then supposed to be self paid by filing some form.  I would assume it's the same in this situation isn't it?
donator
Activity: 2772
Merit: 1019
December 02, 2013, 11:53:28 AM
Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?

Pro-tip: ASK rpietila
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
December 02, 2013, 11:52:16 AM
All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.

THIS is why I frequent this thread
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
December 02, 2013, 11:49:53 AM
So what happens if we break below $1200?

capitulation then bounce.
legendary
Activity: 1904
Merit: 1002
December 02, 2013, 11:31:29 AM
So what happens if we break below $1200?
legendary
Activity: 1764
Merit: 1002
December 02, 2013, 11:28:39 AM
miscreanity, iz it tim yut?



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