CryptoCurrency (I.E. BitCoin)

BigBarney · Post by **BigBarney** » Wed. Feb. 28, 2018 4:53 pm

But how much over spot do they want? Probably too much compared to online.

https://goldprice.org/30-year-gold-price-history.html

As you can see since ~2000 up about 22% per year.Not bad especially with

< 3% inflation . The chart below shows 22% per year from 1913 to 2015 of 2325%

over 102 years, about the same as gold went up in 30 years. Gold was $20.67 in 1913

now about $1360 so its up 6600% so almost 3 times inflation.

https://inflationdata.com/Inflation/Inflation/Dec ... lation.asp

BigBarney

coalnewbie · Post by **coalnewbie** » Wed. Feb. 28, 2018 5:47 pm

zero since April 2011 and that is a long time ago now. Look at the Dow since then.

k-2 · Post by **k-2** » Thu. Mar. 01, 2018 10:02 am

BITCOIN to me look looks like a pyramid scheme. Something with no real value hyped up to investors to look like a get rich quick asset. Sure some will make money on it mostly the early in people ,same as any pyramid scheme. With 1500 new crypto currencies flooding the market I don't see a bright future for bitcoin.

lsayre · Post by **lsayre** » Thu. Mar. 01, 2018 10:39 am

k-2 wrote: ↑
Thu. Mar. 01, 2018 10:02 am
BITCOIN to me look looks like a pyramid scheme. Something with no real value hyped up to investors to look like a get rich quick asset. Sure some will make money on it mostly the early in people ,same as any pyramid scheme. With 1500 new crypto currencies flooding the market I don't see a bright future for bitcoin.

No difference from the FRN in regard to being a Ponzi scheme. The real difference is that faith gives value to the Bitcoin, whereas force and the semblance of faith give value to the FRN.

BigBarney · Post by **BigBarney** » Thu. Mar. 01, 2018 1:07 pm

FRN are an IOU note , money they are only a debt of the US not able to exchanged

from the government for any thing that is real money, silver or gold.

https://www.forbes.com/sites/briandomitrovic/2014 ... 5cd9e6f254

BigBarney

Dilblin · Post by **Dilblin** » Mon. Oct. 31, 2022 7:04 am

some here believe that cryptocurrencies, and in particular bitcoin, are a pyramid scheme. on the one hand, this is true, but on the other hand, if you think about it, every currency in the world is a financial pyramid. the bottom line is that any currency has value as long as it is believed in. why is the dollar the world currency? because the United States pursues such a policy that people around the world believe that the dollar is the most stable currency in the world. the same thing works with cryptocurrencies, but at a much faster pace. therefore, you should not be afraid of cryptocurrencies, personally, I recently became interested in trading cryptocurrencies and wanted to know how to use moving averages. From the height of my experience, I will say that there is nothing wrong with this, this is a regular currency trading, only this currency is electronic.

coalnewbie · Post by **coalnewbie** » Mon. Oct. 31, 2022 8:46 am

I had 1000 tons of horse chit which I sold for cash. Invest in my fund for $1000
a month for friends only

BigBarney · Post by **BigBarney** » Mon. Oct. 31, 2022 9:34 am

The only real MONEY is something that has value and can

be traded.

Currency is the device we use for daily purchases in the

current unit of trade.This will change in time from one to

another unit.

MONEY is different in that it always has value, which can

go up or down, but never to 0.

Money is assets like property, metals,oil,coal or any other

hard asset that will never be 0.

Cryptos have neither of these because they are debt instruments

like a bond and US currency which the issuer promises to pay to

the holder.

BigBarney

freetown fred · Post by **freetown fred** » Mon. Oct. 31, 2022 10:04 am

I'm with ya Simon--checks in the mail!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

coalnewbie wrote: ↑
Mon. Oct. 31, 2022 8:46 am
I had 1000 tons of horse chit which I sold for cash. Invest in my fund for $1000
a month for friends only

k-2 · Post by **k-2** » Mon. Oct. 31, 2022 10:43 am

I think its worth exactly what it was created out of, which is thin air. Most valuable things on the planet right now are a farm and a copper mine or an oil well. And perhaps a Refinery.

k-2 · Post by **k-2** » Mon. Oct. 31, 2022 10:53 am

BigBarney wrote: ↑
Mon. Oct. 31, 2022 9:34 am
MONEY is different in that it always has value, which can
go up or down, but never to 0.
BigBarney

US currency is close to ZERO. For many big items purchased today the dollar is worth between 1c and one half of 1c of its value in the 30s. That would include Coal, Real estate ,Wages ,Food Ect. Items that cost nearly 200 times their price in the 30s. The poor dollar has been beat almost to death and has taken whopping this year alone.
.

Sunny Boy · Post by **Sunny Boy** » Mon. Oct. 31, 2022 2:18 pm

freetown fred wrote: ↑
Mon. Oct. 31, 2022 10:04 am
I'm with ya Simon--checks in the mail!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Careful Fred,.... this being an election year, the horse chit market is already flooded.

Paul

waytomany?s · Post by **waytomany?s** » Mon. Oct. 31, 2022 3:51 pm

Sunny Boy wrote: ↑
Mon. Oct. 31, 2022 2:18 pm
Careful Fred,.... this being an election year, the horse chit market is already flooded.

Paul

Damn, I was going to offer a 10%discount off what CN was charging.

freetown fred · Post by **freetown fred** » Mon. Oct. 31, 2022 4:55 pm

My story---day late & a dollar short!!!!

!

BigBarney · Post by **BigBarney** » Tue. Nov. 01, 2022 9:15 pm

Currency and REAL MONEY are not the same ...

BigBarney