by the way, when someone invests in gold/silver, is it just a paper trail, or do you get a physical gold bar?
I'm just wondering 'cause if shit hit the fan and the economy collapses, anarchy, etc, etc, I'd be leery of just holding a piece of paper.
"It says here that I own a gold bar! I'm here to collect."
(person holding the gold bar) *cocks gun* "That piece of paper don't mean shit son; possession is 9/10ths of the law, now get off my property. Leave your woman, tho."
Topic: Investing in BTC to Preserve Wealth - Silly or Practical ? - page 2. (Read 5111 times)
gold has had its 15 years of up trend... Going Extremely high a few months ago. but whats stopping gold from dropping. isn't this a highly speculative market as well?
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
Agreed. Money is only as good as what you buy with it. Money, by itself, is no better than kindling. My father-in-law spent his life living conservatively (his dad went through the Great depression). Late in life he started spending on things.. not a lot, just more than what he usually did... so bought a year-old pickup instead of an 8 year-old pickup (he still wouldn't buy off-the-lot), he bought a nice golf-cart instead of renting, etc. I noticed that once he started doing this, and enjoying life, he got a lot happier.
I'm not saying go spend every time you have the moment you have it, but enjoy yourself... you're allowed!
too many ifs, imho.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
BitCoins actually seem to have an interesting correlation to gold, silver and equities which help smooth out the overall volatility in a portfolio. They are also, in some ways, safer and more secure than gold which can be confiscated or taxed. Gold and silver are good for transporting wealth over time but I think bitcoins are superior for transporting wealth over distance. Bitcoins are the ultimate offshore bank account.
I think people should have at least 0.1% of their net worth in bitcoins. I think 1-3% is not an unreasonable amount and actually would make a great current asset in the cash portion of the balance sheet. For liquidity I think having some American Express Prepaid Cards in place, not tied to one's own identity, and some individuals who will fund them with Moneypaks when needed. With 20 prepaid cards you could withdraw $4,000 cash from ATMs per week which would make it a fairly liquid form of wealth.
Bitcoin is, and will be a very risky investment. If you have an appetite for risk, then invest to it. If you want to avoid risk, invest to something else.
avoiding risk, aye? I can only think of a house or some land here, both of which sorta carry a minimum amount you have to put in which I don't have.
Any other suggestions?
too many ifs, imho.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
I'm currently fleeing most of the EUR holdings I have and also EUR-denominated insurances. It isn't much, volume-wise, but it's a large part of my small little wealth.
I'm doing it over a period of time and roughly like this:
- 60% -> gold
- 30% -> silver
- 10% -> bitcoin
I might adjust this in favor of silver and bitcoin in the future.
buy a house!
singled out the one thing better than silver/gold
I think it's practical, i am going to invest $10k into btc.
Bitcoin is, and will be a very risky investment. If you have an appetite for risk, then invest to it. If you want to avoid risk, invest to something else. Bitcoin could still be useful to you as a money transfer tool.
gold has had its 15 years of up trend... Going Extremely high a few months ago. but whats stopping gold from dropping. isn't this a highly speculative market as well?
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
buy a wife?
i know someone who had one imported from china.... he's lost alot of money in the process =/ this is not recommended
gold has had its 15 years of up trend... Going Extremely high a few months ago. but whats stopping gold from dropping. isn't this a highly speculative market as well?
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
Clap Clap BRAVO- +1
From the womb to the tomb, what we do in between defines us.
maybe but 5% of your wealth in btc, max.
Nail on the head. Bitcoin as an investment in a diversified portfolio to preserve wealth -Risky but practical
OMG DUMP LIFE SAVIGNS INTO BITCIONS! - Horrible idea
If you gain or lose 10% of your wealth almost every day (~current volatility), you will get no sleep and get nothing done but watch the price. Save yourself the stress and only put in what you can lose without regret.
*This is not financial advice, do whatever you want, I am just some guy on the internet.
gold has had its 15 years of up trend... Going Extremely high a few months ago. but whats stopping gold from dropping. isn't this a highly speculative market as well?
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
buy a wife?
buy a house!
singled out the one thing better than silver/gold
gold has had its 15 years of up trend... Going Extremely high a few months ago. but whats stopping gold from dropping. isn't this a highly speculative market as well?
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the safest place to store your wealth is in your own life, enjoy your money!
buy a house! buy some beer, buy a super hot computer, wtv you want.
buy some bitcoins and spend them! support something you believe in.
money / things are not wealth
invest in your life!
the dynamicness of btc means even though its not a good candidate yet for storage long term its stull great to know your btc is safer than buried gold in other respects - accessible and usable in a different way. I mean, gold is a better store but what good is gold if you can't convert it or even get to It?
.
probably worth having a few btc stored just in case if you can risk it.
I would prefer to store fuel or cigarettes: p
gox limits is a good point - this needs to be fixed
.
probably worth having a few btc stored just in case if you can risk it.
I would prefer to store fuel or cigarettes: p
gox limits is a good point - this needs to be fixed
USD cash has serious liquidity problems due to the various anti-money laundering laws, and unfortunately this liquidity issue is plaguing bitcoins as well. Personally I'm hesitant to hold more bitcoins than my daily mtgox limit.
That' a good point.
USD cash has serious liquidity problems due to the various anti-money laundering laws, and unfortunately this liquidity issue is plaguing bitcoins as well. Personally I'm hesitant to hold more bitcoins than my daily mtgox limit.
too many ifs, imho.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
BTW, totally agree that Silver/Gold is a great way to go for long term investment.
Holding physical silver long here.
too many ifs, imho.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
IMHO, the only "if" to surmount would be a stable price for BTC.
too many ifs, imho.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
gold and silver are the way to store wealth.
and that is not a shameless plug, it's the truth.
maybe but 5% of your wealth in btc, max.
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