Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
- 7,253
Gold and Silver are the best investments, if you get a cash for gold/silver business you can get them at 25% to 33% of the value. And then you can either hold or you can make jewelery. Sterling Silver(92.5% purity)you can get for as low $.145 per gram now, and when you make jewelery from it such as a ring you can sell it between $10 and $12 per gram of its weight.
lancis
Elite Member
- Jul 31, 2010
- 1,682
- 2,443
I call it "conservation of value".
The total value is spread between different assets (including Bitcoin).
When one asset's value decreases other assets increase in value.
For example:
- gold price goes down Bitcoin goes up
- alt-coin dies Bitcoin goes up
- oil price goes down Bitcoin goes up
- etc
The balance is global, and oil price doesnt affect only Bitcoin, but rather the entire market. However, Bitcoin receives its share. The reverse is true as well.
Basically when an investor realizes that he is going to lose his money on a given asset, he starts searching for alternatives. Sometimes he finds Bitcoin.
SOCOM
Elite Member
- Jul 21, 2010
- 4,301
- 3,270
Clearly a bad investment... Seriously people, why do you talk about things you have no clue about.
I said it never went back to its $1400 levels. Where did I say it was a bad investment? I said I don't see it as an investment.
Now settle your hormones.
Anonymously
Regular Member
- Apr 23, 2016
- 429
- 133
Buying Bitcoin is not an investment. It's speculation. For those of you who don't know the difference deserve to suffer the consequences.
- Mar 21, 2013
- 24,772
- 31,558
Bitcoin is fine.
The implementations are horrible. MtGox was started by a guy who was asking basic PHP language questions just weeks earlier....he implemented some half assed system and months later it's the world's #1 BTC exchange. Also the way the whole process went it seems there was more to it than just bad programming.
99% of the issues with BTC have been due to poor software or thieves. BTC is not the problem, the sites surrounding it are piss poor and/or scammy.
lancis
Elite Member
- Jul 31, 2010
- 1,682
- 2,443
Define a real investment?
