haha i said the same thing in November of 2024. "Looks expensive." Gold went another $1000 up per ounce since i said that.
Basically, it's always LATE to buy gold. It goes up every day. I think it's up for 5 weeks straight.
Just buy now. You'll miss the days when you could get it below $4000 per ounce. Soon you will be mad at yourself that you didn't buy below $5000 per ounce.
It's not like stocks. It's not going to pull back 25% Gold isn't going back to $3000. We'll be lucky if it ever goes back to $3500 in the next months before racing past $4000.
The point of this post isn't to get you to buy gold or silver. It's WHY gold is having the best run it has EVER had or the best run since 1979. Back then Nixon took us off gold standard. But what is happening NOW? Or what is ABOUT to happen? What do the CENTRAL BANKERS know that the average person out here doesn't know yet? A huge monetary debasement worldwide.
Or just get into silver. You'll miss the days when silver was below $50. "Damn i was bitching about $44 per ounce and now it's $60"
Yes, I get the reasoning, fiat is going down and I agree gold will appreciate in time compared to it. I have a good enough stack and I will only be glad if it doubles. But I believe BTC will vastly outperform it like it did for the past decade.
Bitcoin is more risky in my opinion, but that could be due to my lack of understanding.
For example there seems to be lots of controversy over the Bitcoin Core 30 release. And listening to discussions, it turns out that bitcoin does still have vulnerabilities.
As soon as someone corrupts the blockchain, hacks it, or inserts some sort of malware then the thing falls apart. Also it seems more like a pyramid scheme to me than a real way to transact. Perhaps my criticism or hesitation is misplace.
Gold is outperforming bitcoin this year. Why aren't central banks buying up bitcoin instead of gold? Because bitcoin isn't a tier one asset according to the BASEL III rules banks comply with?
As soon as someone corrupts the blockchain, hacks it, or inserts some sort of malware then the thing falls apart.
It's not hosted centrally. There are thousands of instances (nodes) of the blockchain globally. If one node is corrupted it would have no effect on the rest. You'd have to simultaneously infect all nodes that run the blockchain.
Why aren't central banks buying up bitcoin instead of gold? Because bitcoin isn't a tier one asset according to the BASEL III rules banks comply with?
Blackrock and other financial corporations sure think otherwise. I predict that BTC is about to go on a bull run and will break 200k by the end of the year. The more one knows what BTC is the more one becomes more confident about its future. There's a good book The Bitcoin Standard - it's basically a short history of banking and where BTC fits in the big picture.
How could i cash out my bitcoin without the irs finding out? Seems the KYS Know Your Customer requirements mean that i will always have a tax reportable event, even if i buy something online with bitcoin in an attempt to leave the government out of it. Bitcoin may have been valuable on the silk road for anonymous transactions but isn't valuable if my identity and amount of transaction is reported to IRS every time i try to buy something with bitcoins. I might as well just cheer for the CBDC when i'm giving up that much privacy in my personal financial transactions.
haha i said the same thing in November of 2024. "Looks expensive." Gold went another $1000 up per ounce since i said that.
Basically, it's always LATE to buy gold. It goes up every day. I think it's up for 5 weeks straight.
Just buy now. You'll miss the days when you could get it below $4000 per ounce. Soon you will be mad at yourself that you didn't buy below $5000 per ounce.
It's not like stocks. It's not going to pull back 25% Gold isn't going back to $3000. We'll be lucky if it ever goes back to $3500 in the next months before racing past $4000.
The point of this post isn't to get you to buy gold or silver. It's WHY gold is having the best run it has EVER had or the best run since 1979. Back then Nixon took us off gold standard. But what is happening NOW? Or what is ABOUT to happen? What do the CENTRAL BANKERS know that the average person out here doesn't know yet? A huge monetary debasement worldwide.
Or just get into silver. You'll miss the days when silver was below $50. "Damn i was bitching about $44 per ounce and now it's $60"
Yes, I get the reasoning, fiat is going down and I agree gold will appreciate in time compared to it. I have a good enough stack and I will only be glad if it doubles. But I believe BTC will vastly outperform it like it did for the past decade.
Bitcoin is more risky in my opinion, but that could be due to my lack of understanding.
For example there seems to be lots of controversy over the Bitcoin Core 30 release. And listening to discussions, it turns out that bitcoin does still have vulnerabilities.
As soon as someone corrupts the blockchain, hacks it, or inserts some sort of malware then the thing falls apart. Also it seems more like a pyramid scheme to me than a real way to transact. Perhaps my criticism or hesitation is misplace.
Gold is outperforming bitcoin this year. Why aren't central banks buying up bitcoin instead of gold? Because bitcoin isn't a tier one asset according to the BASEL III rules banks comply with?
It's not hosted centrally. There are thousands of instances (nodes) of the blockchain globally. If one node is corrupted it would have no effect on the rest. You'd have to simultaneously infect all nodes that run the blockchain.
Blackrock and other financial corporations sure think otherwise. I predict that BTC is about to go on a bull run and will break 200k by the end of the year. The more one knows what BTC is the more one becomes more confident about its future. There's a good book The Bitcoin Standard - it's basically a short history of banking and where BTC fits in the big picture.
How could i cash out my bitcoin without the irs finding out? Seems the KYS Know Your Customer requirements mean that i will always have a tax reportable event, even if i buy something online with bitcoin in an attempt to leave the government out of it. Bitcoin may have been valuable on the silk road for anonymous transactions but isn't valuable if my identity and amount of transaction is reported to IRS every time i try to buy something with bitcoins. I might as well just cheer for the CBDC when i'm giving up that much privacy in my personal financial transactions.