Frustrated - Silver and Bitcoin

5 posts / 0 new
Last post
#1 Tue, Apr 2, 2013 - 3:15pm
AstroTurd
Offline
Joined: Jun 14, 2011
42
98

Frustrated - Silver and Bitcoin

Here I am again, buying about two weeks ago at 30.34 (total with comission). This helps with the $20k I put in at $44. Of course I am frustrated. World-wide fiat and massive debt, and silver manipulated and controlled BTPTB.

Luckily at the urging of a cousin, I did get a qty at $18 a couple years ago. But man, I stumbled onto Bitcoin two weeks at at $45. Had no idea what it was, did deep research, thought about buying some but emotionally felt too much risk, but logicially figured it would rise. Should've gone with my logic, now at $111 (4.2.2013). Sickens me, could've doubled my fiat (at least) in two weeks.

I'll bet $100 it continues to rise steadily, to $150, 200, etc.

Discussion comments???

Edited by: AstroTurd on Nov 8, 2014 - 5:27am
Thu, Apr 4, 2013 - 10:38am
RRJJ
Offline
-
XX
Joined: Jun 14, 2011
151
1468

I also did the research on

I also did the research on bitcoins and failed to buy when they where under $10. Then finally bought some at around $30. Of course happy for the rise but I'm really doubting a further rise at the moment. Looks a lot like a bubble. Thing is bitcoins where in a bubble once before and the bubble crashed but they finally came back. Maybe same thing will happen now. I guess this kind of behaviour can be pretty comon in a market that's so small.

Fri, Apr 5, 2013 - 9:34am
bern
Offline
Joined: Jun 27, 2011
266
1221

Physical metals are a store

Physical metals are a store of wealth - not a wealth generating vehicle. If you are buying with an expectation of a quick profit, you are buying for the wrong reason (IMO). Gold and silver are for the long game.

Fri, Apr 5, 2013 - 2:44pm (Reply to #3)
RRJJ
Offline
-
XX
Joined: Jun 14, 2011
151
1468

Bern, no doubt about that.

Bern, no doubt about that. Bitxoins can't compare to PMs. Not even close. Like the idea of bitcoins though but nothing I would put a lot of money into. The few I own is a drop in the ocean compared to my PMs on a dollar basis. 

Fri, Apr 5, 2013 - 8:35pm
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3661
24471

Hi Bern Looks like you are

Hi Bern

Looks like you are reading reports of bitcoin appreciating and reports of silver depreciating.

However if it's in the news it's already in the price. Therefore bitcoin is already near the top of it's price range and silver is already near the lower end of it's price range. So where is the potential for gain?

Either their price range expands, which it can and you get the direction right, which is possible .... or ..... you bet on a reversion to mean with a little overshoot. That would suggest bitcoin may fall and silver may rise.

Just saying ....

argentus maximus Rhythm and Price https://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
randomness