LTC FTW!!!!
Srsly though, ur metal investments will maybe double within a couple of years if ur lucky, in LTC u can double ur investment in days, and get back ur investment 10 fold within months. I <3 crypto volatility
Topic: Would you invest in bullion knowing the price has bottomed out or Litecoins? (Read 480 times)
April 11, 2013, 05:01:13 AM
April 11, 2013, 04:23:25 AM
Gold holding its value over time is what makes it a safer investment than crypto currencies.
I'd like to think of bitcoins as satoshis rather than whole BTCs. How many grams of gold is one satoshi worth or how many satoshis is one gram of gold worth?
Bitcoins are undervalued today but I'm still uncomfortable investing more than 1/4th of my investable funds in cryto currencies just as I'm uncomfortable putting more than 50% of my funds in gold because gold can disappear from bank vaults too (happens in India when bank managers have been known to open vaults.)
I'd like to think of bitcoins as satoshis rather than whole BTCs. How many grams of gold is one satoshi worth or how many satoshis is one gram of gold worth?
Bitcoins are undervalued today but I'm still uncomfortable investing more than 1/4th of my investable funds in cryto currencies just as I'm uncomfortable putting more than 50% of my funds in gold because gold can disappear from bank vaults too (happens in India when bank managers have been known to open vaults.)
April 11, 2013, 04:15:22 AM
Buy Silver from me. I need to raise dough.
April 11, 2013, 04:05:14 AM
The "problem" and the great thing about crypto-currencies are that they are both a commodity and a currency. It depends on what you want to do. Gold is great but does not really have any growth. The price of gold (and other bullion) simply goes up because the dollar looses value. In 1902 it cost you 1 gold coin for a nice tailored suit. Today, if you shop around, you can get 1 tailored suit for... exactly 1 once of gold. So gold is great of holding it's value.
Keep in mind that while bullion is great, you cannot send gold within an hour to someone on the other side of the world. That is why I believe the posts about bitcoin's value being around the same price as gold. You might not have something shiny in your hand, but it is just a valuable based on it's flexibility.
My suggestion - do both. I have both gold and crypto currencies. I don't have a huge budget but every little bit helps and becomes a huge sum if you stick with it for 2 years.
Keep in mind that while bullion is great, you cannot send gold within an hour to someone on the other side of the world. That is why I believe the posts about bitcoin's value being around the same price as gold. You might not have something shiny in your hand, but it is just a valuable based on it's flexibility.
My suggestion - do both. I have both gold and crypto currencies. I don't have a huge budget but every little bit helps and becomes a huge sum if you stick with it for 2 years.
April 11, 2013, 03:59:53 AM
Economic policies seem to always be politically driven where those who control the policy making end up having larger profits. Bitcoin seems to be able to give back some control to users who can figure out how to use a bitcoin wallet.
If I didn't have the technical know how to start litecoin mining, I'd have probably invested 3-5% of disposable funds in bitcoins with a 3% increment every time the market has a large reaction to flaws such as client bugs or exchange slow downs.
If I didn't have the technical know how to start litecoin mining, I'd have probably invested 3-5% of disposable funds in bitcoins with a 3% increment every time the market has a large reaction to flaws such as client bugs or exchange slow downs.
April 11, 2013, 03:47:11 AM
The one thing I have every faith in is that when they get desperate our leaders will just make things ten times worse, the federal reserve and other central banks have been trying to control Gold and Silver prices for years but they've kept on failing miserably. Bitcoins seem to be following the same pattern of simply pricing the paper money for what it is so we're probably going to see a big rise again after awhile depending on how badly the central banks fuck things up again.
April 11, 2013, 03:41:26 AM
I presume most members of the site would probably invest in a crypto-currency such as bitcoins or litecoins instead of bullion.
I've been following metal markets for the last 2 years and would like to share that bullion seems to have bottomed out on April 3rd 2013.
I've invested ~7% of my disposable funds on a 7850 (242 Kh/s for ltc at Intensity 13) and a PSU with ~16% of my current disposable funds margin trading metal markets (it's supposed to be 60% of disposable funds utilised for margin trading but I'm testing out my swing trading system for 2 more months before going all in.)
In case you've invested as much as you're comfortable with in crypto-currencies, it's been relatively cheap to get bullion since April 3rd 2013. Long trades in metal markets are also a safer bet now than shorts.
I thought I'd share that info and see if it's worth a tip. It might even encourage me posting the next bottom (happens every 6-18 months) for bullion.
Litecoin Tip Address:
LKs85gxoY4Zznh15hC81SB3Pbm2fPLSxpo
Bitcoin Tip Address:
1MJXF6siNEFqjwKLyuTrTh7LUNLLpehGNB
I've been following metal markets for the last 2 years and would like to share that bullion seems to have bottomed out on April 3rd 2013.
I've invested ~7% of my disposable funds on a 7850 (242 Kh/s for ltc at Intensity 13) and a PSU with ~16% of my current disposable funds margin trading metal markets (it's supposed to be 60% of disposable funds utilised for margin trading but I'm testing out my swing trading system for 2 more months before going all in.)
In case you've invested as much as you're comfortable with in crypto-currencies, it's been relatively cheap to get bullion since April 3rd 2013. Long trades in metal markets are also a safer bet now than shorts.
I thought I'd share that info and see if it's worth a tip. It might even encourage me posting the next bottom (happens every 6-18 months) for bullion.
Litecoin Tip Address:
LKs85gxoY4Zznh15hC81SB3Pbm2fPLSxpo
Bitcoin Tip Address:
1MJXF6siNEFqjwKLyuTrTh7LUNLLpehGNB
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