How does someone go about getting bitcoin?
- Thread starter Jstan
- Start date
SemperFi
Well-known member
Not if you never invest in it. Pure speculation on a fiat currency… Perfect storm for a very poor investment imo
I seen this all before on a smaller scale with eGold.
Do you really think the IMF and the World Bank are going to give up their control of the world’s currency flow?
I seen this all before on a smaller scale with eGold.
Do you really think the IMF and the World Bank are going to give up their control of the world’s currency flow?
Last edited:
josh
Well-known member
No absolutely not, I’d love to see currency decentralized, but it doesn’t support the government. I bought into btc last year on a whim when it was really low and it shot up to around 19k. Then all the bs started and it fell out, I still keep up on it but I honestly feel there is no hope for it
EdwardChase
Well-known member
I feel like after the next big crash (which is coming), the federal reserve will eventually produce their own digital currency.SemperFi said:
I also feel like we’re not far off a global currency.
Bigmurph6
Banned
Honestly the fed does produce digital currency. I have no proof but its hard for me to believe that they actually print a paper note on the trillions of dollars supposedly in circulation. They can’t grow that much cotton for the paper they use. I believe that alot of the $ is digital already its just not a common belief.
Last edited:
SemperFi
Well-known member
I read somewhere that over 90% of all US currency transactions are digital. 
Its easy to make something from nothing that already has no actual value. The only value a fiat currency has is the confidence that is placed in it. When confidence wains so does the perceived value.
Currency trading is a difficult ship to to steer… Warren Buffet once asked ‘would you invest in a stock that you knew would lose 30% of its value over the next 7-10 years’. Everyone in the room said ‘no’. He then replied then why are you saving money?! Inflation is the killer of fiat. Where as tangible and income producing assets have actual value.
Theres my rant… LOL.
Its easy to make something from nothing that already has no actual value. The only value a fiat currency has is the confidence that is placed in it. When confidence wains so does the perceived value.Currency trading is a difficult ship to to steer… Warren Buffet once asked ‘would you invest in a stock that you knew would lose 30% of its value over the next 7-10 years’. Everyone in the room said ‘no’. He then replied then why are you saving money?! Inflation is the killer of fiat. Where as tangible and income producing assets have actual value.
Theres my rant… LOL.
Last edited:
SemperFi
Well-known member
Here is a basic example of his philosophy… If you have $1000 in the bank and you know in the next 12 months you are going to need a set of truck tires buy them now and store them until you need them because in 12 months those tires are going to cost you more due to inflation. Fiat currency is always in a state of being devalued as compared to tangible items/assets.
He made his billions by first buying a pinball machine.
He made his billions by first buying a pinball machine.
Last edited:
SemperFi
Well-known member
Every penny of profit from the first pinball machine was used to buy another.
Last edited:
EdwardChase
Well-known member
I love conversations about making money. I’m fascinated these days with how people make online incomes. I can only imagine how much richer Warren would have been if he grew up with the internet.
You’d know all about this Semper… after getting diagnosed with cancer, it makes you realise how vulnerable we all are financially. Everyone should have assets that generate income autonomously because if you don’t, there are an abundance of things that can prevent you from working a 9-5 job in your life.
You’d know all about this Semper… after getting diagnosed with cancer, it makes you realise how vulnerable we all are financially. Everyone should have assets that generate income autonomously because if you don’t, there are an abundance of things that can prevent you from working a 9-5 job in your life.
Last edited:
Similar threads
