Search found 40 matches

by gaddyslapper007
Wed Jan 30, 2019 4:56 pm
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 8404

Re: Bitcoin investors are running from the crypto to invest in gold

I like the idea of what it was originally intended for, just a frictionless medium of exchange. As an investment or store of value...most vendors and individuals simply don't accept it. It's like it was made primarily for ransomware. I was not soley intended as a frictionless MOE.....it was designe...
by gaddyslapper007
Wed Jan 30, 2019 8:59 am
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 8404

Re: Bitcoin investors are running from the crypto to invest in gold

Another question....would bitcoin be considered a good long term SOV since inception if we only looked at its yearly lows instead of highs?

Yearly Lows:
2012 -$4
2013 - $75
2014 - $200
2015 - $185
2016 - $365
2017 - $780
2018 - $3200
2019 - TBD - Currently $3400
by gaddyslapper007
Tue Jan 29, 2019 1:31 pm
Forum: Gold
Topic: Bitcoin investors are running from the crypto to invest in gold
Replies: 43
Views: 8404

Re: Bitcoin investors are running from the crypto to invest in gold

In the 12 months to bitcoin's peak above $20,000 in December 2017, the cryptocurrency increased in value 25 times over. Over that same stretch, gold rallied 4 percent. More than a year since bitcoin's peak, it's down 82 percent, while gold is up 2.5 percent. Does this mean that during this timefram...
by gaddyslapper007
Sun Jan 06, 2019 9:19 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

What problem do I have that crypto is solving. Tax avoidance? technov, you should be supporting it then =) I don’t know your business nor geographic location. But if you live in Venezuela, Cypress, China, Argentina, etc. then capital controls, runaway inflation and asset forfeiture would be problem...
by gaddyslapper007
Sat Jan 05, 2019 9:15 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

Bitcoin isn't any kind of money. It is an absurd speculative instrument relying on the "greater fool" theory. But by all means keep HODLing, and to quote a great philosopher: "[Y]ou'll go home in a barrel." I guess it doesn’t really matter what anyone “calls” it or refuses to call it, it does what ...
by gaddyslapper007
Fri Jan 04, 2019 9:30 am
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

As soon as Bitcoin has 1/10th the track record of gold, I'll consider it. Until then, it's basically like a Beanie Baby... only you can't even see it. Define "track record"?....if thousands of years agreed value / worth is what your implying, well you've admitted you'll never consider it. If you'll...
by gaddyslapper007
Thu Jan 03, 2019 4:35 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

Hard Money : (def) Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value. appears the above def was taken from Wikipedia....here is more taken from Wikipedia....."The paper currencies of some developed countries hav...
by gaddyslapper007
Thu Jan 03, 2019 4:16 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

I'm sensing a hint of Saifedean Ammous in the above comments.... 8)
by gaddyslapper007
Thu Jan 03, 2019 1:26 pm
Forum: Other Discussions
Topic: Looks like HB was correct about offshore assets
Replies: 3
Views: 1300

Re: Looks like HB was correct about offshore assets

This highlights my biggest concern with Bitcoin's invention.....for all the freedom it provides people, it paved the framework / gave light for a government issued digital currency. (not a cryptocurrency) The ultimate end goal of government would be to monitor every dime spent and tax appropriately....
by gaddyslapper007
Wed Jan 02, 2019 11:34 am
Forum: Variable Portfolio Discussion
Topic: PP Inspired Leveraged Portfolios
Replies: 107
Views: 74449

Re: PP Inspired Leveraged Portfolios

thanks Kbg for all your posts on this subject.....I've read, re-read and re-re-read both threads of the leveraged PP several times over the years. Your efforts / comments have been much appreciated!
by gaddyslapper007
Wed Sep 05, 2018 11:51 am
Forum: Other Discussions
Topic: Another Texas thread
Replies: 12
Views: 3068

Re: Another Texas thread

Texas born....still here. Only one of my friends still refers to his dad as "Daddy". We gave him shit over it in our high school / college years. Thinking back on it......I remember my dad telling me I'm "too old to call him Daddy anymore". I would guess around age 10? maybe I don't recall exactly, ...
by gaddyslapper007
Sat Sep 01, 2018 1:36 pm
Forum: Other Discussions
Topic: Harry on Bitcoin
Replies: 56
Views: 12037

Re: Harry on Bitcoin

Sorry but gold is more closely related to your pet rock anology than bitcoin....Gold is nothing more than a scarce pet rock. Yet is deserves its place in the PP. Bitcoin is scarce, can be physical or digital, the same coin can theoretically exist in 10 different physical locations (ex. 10 copies of ...