Long Position on Silver and Gold?

[Irving]

I am getting rubbed in from some1st year investors that they got into bitcoin at 6000.

Um. Didn't some of members here got in to bitcoin at under 80?

Under $12.

[brutal]

I am getting rubbed in from some1st year investors that they got into bitcoin at 6000.

Um. Didn't some of members here got in to bitcoin at under 80?

I thought about getting in at around $80. Dumbass.

[MrPrena]

Under $12.

You got in before Winklevoss twins got in. They got in at 120.
https://www.theverge.com/2017/12/4/1...ionaires-surge

[MrPrena]

Bitcoin nightmare

Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can?t tap that wealth because you forgot the password to your digital wallet?

Nathaniel Popper

By Nathaniel Popper

Jan. 12, 2021
https://www.nytimes.com/2021/01/12/t...=pocket-newtab

[Grant H.]

Bitcoin nightmare

A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...

However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...

I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.

[roberth]

A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...

However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...

I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.

Correct.

If a person cannot take physical possession of an item, they do not own it.

I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.

I'll LOL while people tell me "that won't happen because it hasn't happened in the past".

[Great-Kazoo]

A couple buddies of mine built a mining rig years ago when it was still relatively attainable, and had actually accumulated several bitcoins...

However, being young and dumb, they managed to lock themselves out quite thoroughly, and can't get back in. They are actually trying to get the old cell phone number back that is required to 2 factor authenticate themselves back into the account...

I may be in the minority here, but I view cryptos in the same light as stocks, fiat currencies, and all the other monetary vehicles that carry no intrinsic value. Fine for temporary financial endeavors, but not long term solutions.

Correct.

If a person cannot take physical possession of an item, they do not own it.

I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.

I'll LOL while people tell me "that won't happen because it hasn't happened in the past".

If one can be cancelled from the internet for an opposing thought, or ideology . Imagine the control a few have over millions of dollars of "internet" money. Click and it's gone.


If qwest employees lost millions in retirement due to 1 or 2 people . Think of the worldwide ramifications, of an unknown entity holding that.

[TRnCO]

I participate in a 401K that a Wall Street firm owns, I just get to look at it and manipulate it. Theoretically I'll be able to draw on it in the future. There is an excellent chance the incoming administration might take a portion or all of it, they just stole 2 elections, what's to stop them from stealing my 401K.

I'll LOL while people tell me "that won't happen because it hasn't happened in the past".

If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?

Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.

[tric3imagery]

If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?

Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.

Your probably right, What Democrats will do is make it very painful whenever you decide you want to cash out. Plus Taxable deductions would dwindle, if they have their way, they'll resort to double taxation , of course why not tax three times, Gold is to protect against a failed Currency, Democrats being fiscally responsible won't spend us to ruin after all how many wealthy Democratic controlled cities are there, Zero. Yes Fun times a head.

Sent from my SM-G955U using Tapatalk

[roberth]

If you truly believe that there is an "excellent chance" of the incoming admin. of stealing your, and everyone else's 401K, why wouldn't you pull out now. Why risk it?

Personally, I guess I am in the group that you will LOL at. Because I just don't see it happening. I mean come on, talk about pissing people off, lots and lots of people. It seems to me that it would be political suicide for any politician, Dem or Repub. to try to do it.

I see the incoming group as a completely different animal than the obama group. First of all they're controlled by the ChiComs and the ChiComs are moving globally to strengthen their international positions, controlling the USA is key to that endeavor. Secondly many people are under the mistaken impression that they care if we're pissed off. The ChiComs and democrats know that no American will do anything, Americans have been quietly putting up with the march towards communism for decades, Americans ain't gonna do shit except bitch about it.