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Calling @JeanLucBB and @macaroni . What's the play now?
Guys Let's All Get Rich - Are You Ready?
- Thread starter macaroni
- Start date
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Sure, get rich or die trying eh. But which one to buy?
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Imo, gold is has great appeal atm. More than a single reason for that.I'm not trying to naysay here, just stimulating discussion for the fun of it. For the time being I am going to maintain a modest investment in crypto, though I may move the portions around.
A good option for those wanting to invest in gold are Canadian gold coins. They charge a modest premium relative to the actual cost of gold, around 3%, comparable to the fees on bitcoin exchanges
https://online.kitco.com/buy/3110/1-oz-Gold-Canadian-Maple-Leaf-Coin-9999-3110
Separately I don't think that the volatility of gold is that high. The difference between its trough and its peak in the last few years is ~30%, that's not bad. It might be less if you can put up a convincing case that it's actually the US dollar that's shifting value.
ETA: Now that I think about it, I might buy a few gold coins for the sake of diversification. Perhaps they make silver coins as well? I'm just not sure how I'd sell them.
blackg
Senior Member
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Hold but stock up on pet food to get through the rest of winter.
blackg
Senior Member
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An American government would never intertvene with crypto markets like this. Leaving all my friends on HairLossTalk.com with a massive hole in their big time investments.
Blackg predicted this downturn/recession.
Y'all screwed!
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More... of it?
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dude are you rich yet?
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Yes I'll give you a whole bitcoin to suck my dick.
Better finish me off soon while it's still worth something.
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Lot of good stuff in here, but curious...why you guys pump/sell through coinbase, kraken, etc. Aren't all cryptos accessible through general brokerage firms like Etrade and TDAmeritrade? Buying and selling through them should be way faster than going through coinbase, unless I'm completely missing something here?!?
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The red sea continues its' flooding
Ethereum below 900. Time to put some money there and diversify from bitcoin maybe..
Ethereum below 900. Time to put some money there and diversify from bitcoin maybe..
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Might be the end of the crypto bubble.
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You mean beginning of the end of the bubble?
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why I even felt to a crypto meme
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Didn’t get you?
blackg
Senior Member
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It's the end of the beginning.
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Yes.
I don't really expect these to take off given the power of nation states. Money is power, he who has the gold makes the rules, the ruling class is that which controls the means of production, et cetera. The only way I could see cryptocurrency truly taking off is in a decentralized world, like maybe ten years from now when China more further erodes the USA, and if Africa were in stronger shape as well.
I was hoping to make some dough in the meantime, but maybe not. I'm possibly a true cuck having bought at the peak of the bubble lol.