Author

Topic: Natural progression for a Silverbug: Bitcoin (Read 1668 times)

newbie
Activity: 26
Merit: 0
December 31, 2012, 10:03:14 PM
#13
I heard about bitcoin before I got into silver but I only played around with bitcoin, it was silver that harkened my economic awakening, I'm far more heavily invested in silver but I definitely am all about the crypto anarchy and I personally believe the future currency is going to be precious metal backed bitcoinage.

I think gold and silver bugs totally understand the strengths of bitcoin, once they've learned what bitcoin actually is.

legendary
Activity: 1904
Merit: 1002
December 31, 2012, 02:05:48 AM
#12
PM's .. not so much yet (could you just imagine having .1% of 1% of all the gold or silver ever mined?)
copper & lead ..  wife is starting to come around

I started out with both silver and gold bullion, but then I lost interest in silver, though I think the large silver coins are cool. I'll probably get a kilo coin eventually.

I guess I understand the appeal of industrial metals because of their utility, but I don't think they are very practical. 1 oz. of gold has as much value as 500 lbs of copper. Copper and lead are not very efficient ways to store wealth.

But they are a great way to protect it Wink.
legendary
Activity: 4522
Merit: 3426
December 31, 2012, 01:52:39 AM
#11
PM's .. not so much yet (could you just imagine having .1% of 1% of all the gold or silver ever mined?)
copper & lead ..  wife is starting to come around

I started out with both silver and gold bullion, but then I lost interest in silver, though I think the large silver coins are cool. I'll probably get a kilo coin eventually.

I guess I understand the appeal of industrial metals because of their utility, but I don't think they are very practical. 1 oz. of gold has as much value as 500 lbs of copper. Copper and lead are not very efficient ways to store wealth.
sr. member
Activity: 381
Merit: 250
December 30, 2012, 10:56:14 PM
#10
I'm the opposite! I've been in Bitcoin for quite some time now, and only started on the silver market 4-5 months ago

Same here.. BTC ~2 years.. silver just recently about 2 months ago... 

How's that work guys? One day you're like "I wish there was something like bitcoin but slower, heavier and could tarnish..."

I kid, I have some metals.

something along the lines of "I now have .1% of 1% of all bitcoins that will ever exist... hrmm.. maybe I should diversify just a bit"

fiat (401k) .. check
property (land).. check
bitcoins .. check
PM's .. not so much yet (could you just imagine having .1% of 1% of all the gold or silver ever mined?)
copper & lead ..  wife is starting to come around
doomer preps .. will broach subject with wife once she's comfy with copper & lead Smiley

besides.. after 2 years, the wife still does not understand bitcoins beyond "they have something to do with that annoyingly loud rack of computers in the laundry room"
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
December 30, 2012, 10:53:25 PM
#9
I'm the opposite! I've been in Bitcoin for quite some time now, and only started on the silver market 4-5 months ago

Same here.. BTC ~2 years.. silver just recently about 2 months ago... 

How's that work guys? One day you're like "I wish there was something like bitcoin but slower, heavier and could tarnish..."

I kid, I have some metals.

I never traded/invested in financial markets before I got into Bitcoin. I've learned a lot about economics and analysis from this experience and all the veteran members here. Then I diversified to new markets. Now I have a pretty decent portfolio for someone with only a little more than a year and a half of experience.
kjj
legendary
Activity: 1302
Merit: 1026
December 30, 2012, 08:44:13 PM
#8
I started stacking in 2008.  Never very seriously, and I tended to give them out as gifts too, so I'd typically net one sealed tube of eagles, a couple loose, and some odds and ends (quarters, dimes, nickles, etc) each year.

I discovered bitcoin in 2011, and my 2012 silver money was spent expanding my modest mining system rather than expanding my modest silver stock.

I don't consider myself a serious PM-bug, but I do keep a very close eye on this chart.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
December 30, 2012, 03:56:00 PM
#7
I'm the opposite! I've been in Bitcoin for quite some time now, and only started on the silver market 4-5 months ago

Same here.. BTC ~2 years.. silver just recently about 2 months ago... 

How's that work guys? One day you're like "I wish there was something like bitcoin but slower, heavier and could tarnish..."

I kid, I have some metals.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
December 30, 2012, 03:31:54 PM
#6
I've been investing in silver for about 2.5 years going on 3 now. Bitcoin I found in late April of 2011.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
December 30, 2012, 03:16:48 PM
#5
I started with copper cents, migrating to Bitcoin. Fuck only 200% profit!
sr. member
Activity: 381
Merit: 250
December 30, 2012, 02:57:55 PM
#4
I'm the opposite! I've been in Bitcoin for quite some time now, and only started on the silver market 4-5 months ago

Same here.. BTC ~2 years.. silver just recently about 2 months ago... 
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
December 30, 2012, 11:24:25 AM
#3
I'm the opposite! I've been in Bitcoin for quite some time now, and only started on the silver market 4-5 months ago
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
December 30, 2012, 10:31:44 AM
#2
Just found out where CBS comes from: Cash, Bitcoin, Silver  Grin
sr. member
Activity: 364
Merit: 250
firstbits 1LoCBS
December 30, 2012, 08:50:30 AM
#1
Not trying to hijack the subReddit Silverbug forum, but since I personally started as a silver-stacker before discovering BTC, discussions tend to mirror that progression: What's the REAL deal on Bitcoin?
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