frugal wrote: for newbies what do you suggest?

Bitcoin for investing a longterm buy and hold ?

Alt coins for daytrading?

Im just some guy on the internet. But I like buy and hold, long on bitcoin only.

I can see the appeal of ETFs/Someone else holding a PERCENTAGE your gold for the ease of selling when gold hits the higher rebalance bound.

However, why not hold physical for the majority?

ethereum is not safe? I do not believe so. I know the price is rising for ETH and there is a ton of news and buzz. However, currently there is no supply cap for the # of ETH. So think USD style inflation. Additionally, ethereum is built on the idea that decentralized smart contracts are something t...

dualstow wrote:Cool. Dot IT,-- are you Italian? I have an Italian friend who is gaga for bitcoin. Name starts with E..are you him?

Not him. That wiki just happens to be on .it domain.

Interesting about the arbiter, thank you! If you are curious there are more applications (via https://en.bitcoin.it/wiki/Multisignature#Multisignature_Transactions.5B3.5D) 1-of-2: Husband and wife petty cash account — the signature of either spouse is sufficient to spend the funds. 2-of-2: Husband ...

Would it be fair to add this disadvantage? : - Seller does not deliver goods upon payment. No recourse, at least not like there is with credit cards. This is completely true with simple bitcoin payments, yes. Bitcoin favors the merchant in this regard. A simple, bitcoin based economy would rely muc...

- why can it comes to ZERO? Most likely scenario is that humans no longer attribute value to a finite, internet-based, money. I dont see this happening. - Advantages of internet coin? From a tech perspective: - Email vs Snail mail - Wikipedia vs Encyclopedia Britannica - Netflix vs Blockbuster Digi...

Anyway how does one know there is actual gold at the end of a "blockchain".. Any takers ? You dont. Ever. Banks have taught us this a million times. This is just another bank holding your real money (maybe). Didn't some hacker empty a bitcoin bank some time ago ? The analogy here is that ...

Holding the underlying assets yourself is always preferred.

thisisallen wrote:Q: can you buy gold with Bitcoin?

Yes Peter Schiff's company takes bitcoin as payment: https://schiffgold.com/gold-for-btc.html

So does https://www.jmbullion.com
and https://www.providentmetals.com

There are others as well.

I am happy to answer any specific questions that anyone has about bitcoin. In this thread or PM if youd like. A common misconception that I see in this thread is an overemphasis on "bitcoin isnt 'accepted' many places". Bitcoin is definitely a payment network, dont get me wrong. But bitcoi...

I believe the gold portion of your post is how Harry believed it as well in some of his radio shows. Gold as the world's second favorite money next to USD. People go to gold during uncertainty and gold doesn't necessarily follow inflation except when inflation numbers are high.

Ive posted before, but maybe it is worth another try for a Slack group.

https://permanentportfolio.slack.com

You can signup here:

https://permanentportfolioslack.herokuapp.com/

Not a forum style with threads but can have a room for gold/bonds/etc

MachineGhost wrote:They don't disclose the algorithm, but:



http://www.alfaquotes.com/

Dont buy all the BTC at once, MG, youll drive the price up.

I do think that given the hasing power and electricity used that in combination with regular difficulty increases and a fixed amount of Bitcoins to be mined, one could arrive at a fair value estimate. Have you seen anyone attempt to do this? The amount of money people are putting into the hashing p...

So bitcoin is not a _buy_ for MG then?

I was referring to all of the me-too cryptocurrencies that don't offer anything that Bitcon doesn't (well other than a fancy name), i.e. Litecoin. "Me too" vs actual innovation is all subjective, I guess. Zcash adds to fungibility. Litecoin adds faster confirmation times and a different m...

Jack Jones wrote:I started following it around the $10/BTC mark. I considered buying some back then, but it seemed like a bad place to invest my money, and it still does.

Perfectly reasonable stance:
Rule #9: Don't ever do anything you don't understand.

I grow increasingly skeptical any of the me-too alternative currencies will be major players judging by their xxx/USD value, but ZeroCash is truly anonymous and just launched. I suspect going forward that the emphasis will be less on being a cryptocurrency and more on the specific benefit they prov...

What I tell myself to make myself comfortable with bank storage is that the gold is for re-establishing myself after the panic is over, which may be months down the road, when the banks presumably will have to re-open. The gold won't be much use during the panic itself. What you want during the pan...

I think fungibility is the biggest concern and should be the biggest effort in the coming years.

Coinjoin, MimbleWimble, Confidential Transactions, Ring Sigs, Zerocash.

All ideas being tossed around to solve the fungibility problem. There is hope on this front.

I think sidechains will address the "bitcoin doesnt have any new features" concern.

I think that lightning network will address the "bitcoin cannot scale beyond 3 transactions per second" concern.

29 here. guess that explains the bitcoin in the vp.

If a bitcoin is set to be worth $10k (by fiat? by the market?) It is set by the market current via the $$ <===> Bitcoin exchanges which are open 24x7. The exchange rate can change wildly. One bitcoin was worth $.01 and it was also worth $1200.00. Currently it is worth around $600. And someone build...

MachineGhost wrote:Bitcoins isn't anonymous.

It isn't anonymous out of the box. It is technically 'pseudonymous'. But with proper techniques it can be used without people knowing who you are.