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Scarcity will not help you survive collapse of the Dollar IWillLiveOn Disaster Preparedness General Discussion 214 08-28-2017 12:28 PM
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Old 12-05-2017, 03:47 PM
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Originally Posted by manimalist View Post
Bitcoin holds appeal only to a certain kind of person...

...someone who feels entitled to get that which they did not work to earn. They seek to get somthing for nothing at someone else's expense. So it's perfect moral justice that the same kind of parasites all of whom deseve each other, participate within the same closed zero sum system where they can all predatorially feed upon one another.
Your post is forum diarrhea. Californians... LOL, you just can't live with them. Welcome to the ignore list.
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Old 12-05-2017, 03:49 PM
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Originally Posted by Wolf5 View Post
Its always best to do versify. But Incanít ignore whatís happening. Iíll take BItcoin, Litecoin, and Ethereum over metals. Cryptocurrency is exploding and will rise much higher. Gold will fall below a grand. Silver will fall below ten bucks per. With those crypto profits I can buy cheap metals.
Don't be caught holding.

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Old 12-05-2017, 03:51 PM
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Originally Posted by Steverino View Post
Don't cryptocurrencies require computers (and networks) to exist?

Don't computers require electricity to run?


So say the SHTF event is a EMP.... what happens to cryptocurrencies then?
You will have to write IOUs. These Cryptocurrencies will be the US version of Holland's Tulip bubble.

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Old 12-05-2017, 03:53 PM
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Originally Posted by Nomad, 2nd View Post
The same thing as your fridge.

Has nothing to do with speculation.
Sure I regret my buddy talking me out of it @ $1.... but I'll pass now.
Hey my electricity is out, my fridge is warm. Need to buy some cold beer ice. All I got are some bitcoins "in the cloud". Doh!!!

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Old 12-05-2017, 03:55 PM
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Originally Posted by velacreations View Post
This is why people choose bitcoin over gold. Bitcoin is actually profitable.

Gold last 5 years:



Bitcoin last 5 years

Yeah, if you bought a time machine, on credit, for your "future" Bitcoin appreciation.

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Old 12-05-2017, 04:33 PM
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Originally Posted by RFI-EMI-GUY View Post
Yeah, if you bought a time machine, on credit, for your "future" Bitcoin appreciation.

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Bitcoin is simply acting like gold should have acted against a wounded Federal Reserve Note. Since Bitcoin is uncontrolled by the larger economic powers the price is more difficult to manipulate at will. Hence the suppression and stagnation of gold (and silver) as priced in FRNs. This is not a slap at gold, merely an observation of present reality.
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Old 12-05-2017, 08:31 PM
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Originally Posted by Deadmeat99 View Post
Your post is forum diarrhea. Californians... LOL, you just can't live with them. Welcome to the ignore list.
(shrug...) You already have exactly what you deserve.

It's perfect karma to be thrown into a closed virtual bitcoin system with opportunistic predators who are just like you.

The lure that draws the greedy fish onto the barb of the hook is the illusion of getting something for nothing from some other sucker.


Greg
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Old 12-07-2017, 03:09 PM
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As a medium of exchange crypto currencies do have value but another Scot called Charles Mackay had a lot to say about delusions.
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Old 12-07-2017, 05:08 PM
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Itís only speculative until itís not. The transition to a fully cashless society has to start somewhere.
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Old 12-07-2017, 05:20 PM
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The transition to a fully cashless society has to start somewhere.
It sure as hell won't start with me.
I'm glad I'll likely be dead by then.


Greg
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Old 12-07-2017, 05:31 PM
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I didn't buy into it at $1 and I'm sure as heck not going to buy into it at $10,000, it can't go on forever, there is little to no actual value being exchanged and when people start cashing out, it will collapse, as it should.
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Old 12-07-2017, 05:55 PM
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Originally Posted by NCalHippie View Post
there is little to no actual value being exchanged
That's right.
This has nothing to do with American Capitalism. No useful products or services are being created or sold. It's just zero sum gambling.

Predators and suckers... they deserve each other.


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Old 12-07-2017, 07:18 PM
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Originally Posted by NCalHippie View Post
I didn't buy into it at $1 and I'm sure as heck not going to buy into it at $10,000, it can't go on forever, there is little to no actual value being exchanged and when people start cashing out, it will collapse, as it should.
I am always amazed at people that will see a commodity reach some inflated price and think it is time to "get on the train".

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Old 12-07-2017, 08:26 PM
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Originally Posted by RFI-EMI-GUY View Post
I am always amazed at people that will see a commodity reach some inflated price and think it is time to "get on the train".
This is what all suckers live for... the lure of a bigger sucker than they are.

People are unaware of what they become by engaging in this unethical behavior. Preying upon others is what sets them up to be preyed upon by others. It's self inflicted karma they fully deserve.


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Old 12-08-2017, 07:31 AM
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Quote:
Originally Posted by manimalist View Post
This is what all suckers live for... the lure of a bigger sucker than they are.

People are unaware of what they become by engaging in this unethical behavior. Preying upon others is what sets them up to be preyed upon by others. It's self inflicted karma they fully deserve.
Go ahead an give us poor folk your money, since you morally oppose it.

I didn't realize there were so many commies on this board.
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Old 12-08-2017, 07:53 AM
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The bitcoin is too complicated for me. Money tied up in a computer program code on a flashdrive? Then there are rich people with huge computer systems "mining" coins out of thin air by hitting the right order of code?

And you can take any data and charts and arrange the numbers to help your arguement. Comparing gold and bitcoin over only a 5 year period doesn't say much. I stay away from anything that swings that quickly. When $100 turns into $700 that quickly it is a red flag for me. If I owned it now I would be freaking out wanting to sell.
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Old 12-08-2017, 08:04 AM
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Originally Posted by tractorfarmer123 View Post
Comparing gold and bitcoin over only a 5 year period doesn't say much.
It says a lot. It says that holding gold, you would have lost, and holding bitcoin, you would have profited. What more do you need it to say?


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Originally Posted by tractorfarmer123 View Post
I stay away from anything that swings that quickly. When $100 turns into $700 that quickly it is a red flag for me. If I owned it now I would be freaking out wanting to sell.
or in the case of gold, $700 becomes $300 quickly...
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Old 12-08-2017, 08:10 AM
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Originally Posted by NCalHippie View Post
I didn't buy into it at $1 and I'm sure as heck not going to buy into it at $10,000, it can't go on forever, there is little to no actual value being exchanged and when people start cashing out, it will collapse, as it should.
I saw in the news yesterday that Bitcoin was trading at over $16,000. Rather staggering the speculation in it. Pushed by major markets soon to allow regular trading it it they say. Wonder how low the short sellers will push it after that happens?

Will Bitcoin speculation cause the next great Depression?
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Old 12-08-2017, 08:21 AM
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Staggering Indeed.................
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Old 12-08-2017, 09:23 AM
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Thought I would check to see if my local supermarket accepts bitcoin. Guess I would starve, only 30 locations worldwide and most don't sound like grocery stores.

http://spendbitcoins.com/places/c/gr...erving/All/p/2

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