Cryptocurrency Quotes for Investors Who Don’t Need No Fed
“If you buy something like Bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.”
– One of Warren Buffett’s characteristically negative cryptocurrency quotes
In 2010, a Florida man paid 10,000 Bitcoins for two pizzas from a local delivery joint. As of mid-September, 2021, those pizzas would cost the equivalent of $4.8 billion. That’s roughly the gross domestic product of Montenegro.
Yikes.
The establishment still looks down on cryptocurrency as some sort of goofy novelty that will eventually run its course. They might point out that some unseemly people helped to give crypto its start, or that its technology makes it inaccessible to many investors. (We don’t doubt that Buffett’s disdain for crypto stems at least in part from his advanced age. Anyone who has tried teaching a nonagenarian how to use a remote control would rather jump off a cliff than explain blockchain to one. They’d probably land next to the body of the guy who dropped 10,000 Bitcoins on pizza.)
In many talking heads’ books, the biggest strike against crypto is that it’s not backed by any government. But from a philosophical standpoint, this is in fact crypto’s greatest strength. What business has a government really got when it comes to your wealth? Outside of taxing it, that is, a goal which the U.S. government is currently fixing its beady eyes on. What you buy and sell should really be none of Senator Bedfellow’s concern – he only sticks his nose into your money so he can forcibly redistribute it to himself and his constituents.
For all its blessings, crypto is not for the weak of heart. If the average schlub lost 30% of his portfolio in a single day, he too would join the pizza guy’s cliffside cadaver. But fortune favors the bold, and in crypto’s case so does time. Tuck a little more of your dough into crypto every day, and soon you might be able to afford whatever Buffett rides around town in. (And I’m not talking about a hearse).
No more cryptocurrency quotes for today – I have to go trade some Dogecoin and Garlicoin for an even more stupidly named coin. Just one more thought before I go. From the regular Joe’s standpoint, the primary shortcoming with cryptocurrency is that he can’t throw it down a wishing well. But if you were smart and bought crypto at the right time, there would be very little that a wishing well could actually do for you.
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Current pricing makes suggestions to friends and family very difficult.
Prices are elevated, ETH hit 4800 a few days ago, it was 100 in Feb of 2020, that is a 48x in less than 2 years.
For this and experiences in 17/18 I just cannot reccomend entry.
Silver and gold seem much safer.
That said many who have made consistently good calls over the years suggest at Market Cap of 10 Trillion is likely, sitting at 2.8 now. A 3x in the next couple of months.
Calling this top will be difficult though, it likely will go strait down leaving 0 opportunity to exit for most.
All of this presupposes some semblance of normalcy.
Look at the current financial system ⁹paradigm, is shit show to kind?
This bitch is going down. I have never seen it so fucked, all players see it coming and the jockeying for position is intense.
The holders of all the IOU’s are getting edgy. Legitimate decentralized payment systems are fucking with them big time. They are setting up to go scorched earth in preparation of their Build Back Better digital plantation.
Crazy Asian Bitch announces the end of private banks, ie. the Fed will hold your money for you and let you use it provided youre in compliance.
I know most here love gold, gods money, me too. But there are big ass problems with this.
THEY HAVE ALL THE GOLD.
Yeah, not your little stack, and not mine, but not enough people have any to matter.
I have been collecting for over 20 years, long enough for me to know, 1 THEY HAVE ALL THE GOLD and 2, we are just along for the ride.
Crypto is the only viable alternate financial system that could possibly challenge their monopoly.
The battle for decentralized peoples money vs. centralized plantation scrip is in the open and will determine the fate of future generations.
Best.
“That said many who have made consistently good calls over the years suggest at Market Cap of 10 Trillion is likely”
and gold sits at what 12 trillion dollars.
“THEY HAVE ALL THE GOLD.”
“I have been collecting for over 20 years, long enough for me to know, 1 THEY HAVE ALL THE GOLD and 2, we are just along for the ride.”
so you are riding on the back of the king of metals,and the other secret is the DOW is up 360% in the last 20 years and gold is up, 680%
“The battle for decentralized peoples money vs. centralized plantation scrip is in the open and will determine the fate of future generations.”
The masses will go with the latter, 60% of the masses get there money now from centralized planning, only 1 in 140 will go with decentralized money.
yeah the future has slavery written all over it, why do you think they talk about black slavery all the time, so the dumb ones do not know they are slaves already.
80%, A lot of interesting points. Here is another to ponder, and you won’t see it addressed anywhere that I am aware of.
You write”…DOW is up 360% in the last 20 years and gold is up, 680%” Stipulated for the sake pf debate position. “Up” in relationship to what? Bushels of #2 yellow corn? Rounds of .556 ammunition? Land in Detroit, or LA, or…? Up vs the SA Rand? Canadian Dollar (Loony)? 2 year old off lease 4 door sedan at auction in Indianapolis? You see where I am going.
Bitcoin must be converted into dollars, or Euros, or whatever currency before it is “worth” anything from a trading point of view. And all the trading units (currencies) it must be traded for are 100% synthetic, controlled-by-others units that are obviously manipulated for the benefit of a small group of people you and I do not belong to. These people even control absolutely the ability to trade that Bitcoin through their complete control of the Internet. No internet, no Amazon server farm, a convenient denial of access, and all the Bitcoin in the world are stuck, worthless. Just because you haven’t seen it doesn’t mean it isn’t possible right now.
Gold (silver as well) if physically held by the owner(not in a vault, but held where it can be reached without any cooperation or permission fro anyone else) can be traded directly for things, as well as for other currencies. No denial of service locks up your gold or silver. If you want to make a discrete trade with a party you personally vet, you can hand over your valued item, take the other side of the trade, and be on your way without further ado. Public property trades excepted. You cant do that with Bitcoin, Ethereal, Dogecoin, etc. Not now, not in the foreseeable future.
Crypto currencies are interesting constructs, fun to speculate about, and have made a bunch of people feel rich. Kind of like a new recreational drug. What about serving as an unassailable and durable store of value over time and through social upheaval? We shall see. I don’t trust the people that run any crypto as far as I could throw them, and others are welcome to reach other conclusions. I don’t trust the people who run the standard currencies either. I am sure they will dispossess me (through inflation, taxation or naked confiscation) and you any time it is convenient for them.
Don’t put your faith in the things of this world. In the long run, it is not likely to work out very well.
But the USG confiscated all private gold in almost living memory, including IRS agents present at every safety deposit box opening.
Anyone believing physical
Gold is different This time around is smoking crack.
There was plenty of gold privately held after the FDR led theft in ’33, just not in the hands of honest, work-a-day citizens. What he’d meant to do was make sure that gold could NOT be used as a means to avoid the fully synthetic dollar he imposed at the instruction of the people that ran him. Remember that FDR ordered redemption of US gold currency at $20/oz, smelted down ALL of it, shifted that bullion to bar form unsuitable for use as currency, then promptly offered it for sale (or more accurately for borrow) at $35/oz. He also made it a habit to demand gold, up front, to finance the war build up. He demanded gold, and made change in paper money. He knew that gold was the real deal, and wanted it all for himself and his friends. The people were purposefully and obviously excluded from the opportunity to hold this store of value by edict imposed in a “democratic” system.
Today anyone can quietly acquire as much gold as they want to hold. Done properly, the government need not know you have acquired any, so a call to turn it in can be ignored. Obviously I am not talking about tons of gold, but (perhaps) a few hundred ounces at most. Travel to a gold store away from home, pay cash, acquire small lots and tell NO ONE (not your wife, kids, dog or friends) you hold any. Don’t keep it in a bank or someone else’s vault, keep it in reach of your own arms. Don’t refer to it in a will, don’t even give it a lot of thought. If you are careful and shrewd, someday after this current mess has past, and a new, more trustworthy group is stealing things, that gold will be good for you or your kids (grandchildren more likely) to get a start on things.
Maybe crypto will serve the same purpose. I doubt it, but you pays your money, and you takes your choice.
Can you explain what could keep a government from banning crypto? The government could simply write a law that says any business caught accepting crypto will be shut down, no?
Would it not be called counterfeiting once the government starts its own crypto, you cannot make your own dollars, and dont you think the government started crypto to start the brain washing scheme to begin with.
It does not fit the definition of money, nor does the dollar, or any currency, the future will introduce the real money.
When someone can tell me how coding is rare, let me know, when someone can tell me its indestructible, let me know, yes coding is dividable Im sure there are quadrillions of lines, it is used every place you see and visit.
They use coding everyday Credit cards, fed banks shifting money on servers, nothing new under the sun.
Guest
November 16, 2021 8:15 pm
Crypto is real and I’ve had real temptations to buy since Bitcoin was $7. However it’s obvious it’s the ultimate control mechanism- even more than health passes and EMF.
Beware of people who give advice and can’t see this.
money, a medium of exchange that’s agreed upon has been my understanding of the principle, it has been gold and silver in the past, now it’s paper backed by promises but can it be electronic code in the matrix ? seems far fetched but i do live in unreal times, it does seem useless for hard times, can it exist with any value during a society or grid down situation
Legal tender laws FORCE the use of worthless paper. Nothing was “agreed upon.” People were fine using paper backed with gold or silver, but that tied government’s hands. Money is just a medium of exchange, but we have no free market in currency, just violence and force.
Anonymous
November 17, 2021 1:33 am
Digital number that I can hardly know where it come from or how it work. The way it value is overblown in a couple of years indicate that it’s a scram. It’s greatly favor the gambling class that produce nothing for society and encourage such behaviors. A very very sweet cake, straight from the devil’s hand.
Douglas N Fenney
November 17, 2021 2:30 am
no computer, no electricity = no money!!
very old white guy
November 17, 2021 6:02 am
Unless a currency is converted to a hard value asset, it really has no value until that occurs.
Unless a currency is accepted in exchange for either a good or a service, it is not a currency.
c1ue
November 17, 2021 1:45 pm
A greater collection of idiocy I have not seen in a long time.
Amusing that people still don’t get that collectibles’ increase in value (along with everything else) during a bubble doesn’t mean a damn thing.
Furbies were a thing,
Now they’re not.
99.9% of the altcoins are Furbies; bitcoin and ethereal will get hammered like everything else when the crash comes.
Random63
November 17, 2021 2:26 pm
As a boomer, I’m being cautious and learning as much as I can before diving into crypto. The article made fun of Buffet for his comments about crypto, but he has always said he would not invest in something he didn’t understand, hence the reason he never lost money when dotcom bubble burst. He never invested in it because he didn’t understand it.
The uses I’ve learned about Crypto so far are from observing friends who invest:
a. Use fiat money to buy digital fiat money.
b. Change digital fiat profits back to fiat money
c. Exchange fiat money into something tangible like gold/silver, commodities, paying off debts, etc.
d. High Risk/High Reward.
e. My observation is when Bitcoin goes up, most other cryptos will rise also, though only briefly for some.
Many of them have paid off homes, major debts, amassed commodities such as gold/silver, etc. Some have also lost their shirts, but those usually were the ones that were not educated well enough about crypto or were too impatient or invested money they could not afford to risk losing (like a guy betting his house payment on the horses at the track).
I have some more studying to do, but I think I will be taking the plunge in January. Do I think it will replace the physical fiat money? No. Digital is just that, digital and subject to EMP, government regulations, hackers, etc. It’s fiat and if the bitcoin community loses faith in bitcoin, then bitcoin will collapse. Bitcoin, and other digital currencies are just digital tools for now. I would never place my retirement into it nor my paycheck, just as I won’t with the dollar any more than I need to.
We all have our opinions, but neither you nor I have a valid judgement of cryptos. History alone will judge crypto.
Has not history already judged cryptos, it is worth less then tulip bulbs.
Current pricing makes suggestions to friends and family very difficult.
Prices are elevated, ETH hit 4800 a few days ago, it was 100 in Feb of 2020, that is a 48x in less than 2 years.
For this and experiences in 17/18 I just cannot reccomend entry.
Silver and gold seem much safer.
That said many who have made consistently good calls over the years suggest at Market Cap of 10 Trillion is likely, sitting at 2.8 now. A 3x in the next couple of months.
Calling this top will be difficult though, it likely will go strait down leaving 0 opportunity to exit for most.
All of this presupposes some semblance of normalcy.
Look at the current financial system ⁹paradigm, is shit show to kind?
This bitch is going down. I have never seen it so fucked, all players see it coming and the jockeying for position is intense.
The holders of all the IOU’s are getting edgy. Legitimate decentralized payment systems are fucking with them big time. They are setting up to go scorched earth in preparation of their Build Back Better digital plantation.
Crazy Asian Bitch announces the end of private banks, ie. the Fed will hold your money for you and let you use it provided youre in compliance.
I know most here love gold, gods money, me too. But there are big ass problems with this.
THEY HAVE ALL THE GOLD.
Yeah, not your little stack, and not mine, but not enough people have any to matter.
I have been collecting for over 20 years, long enough for me to know, 1 THEY HAVE ALL THE GOLD and 2, we are just along for the ride.
Crypto is the only viable alternate financial system that could possibly challenge their monopoly.
The battle for decentralized peoples money vs. centralized plantation scrip is in the open and will determine the fate of future generations.
Best.
“Silver and gold seem much safer.”
“That said many who have made consistently good calls over the years suggest at Market Cap of 10 Trillion is likely”
and gold sits at what 12 trillion dollars.
“THEY HAVE ALL THE GOLD.”
“I have been collecting for over 20 years, long enough for me to know, 1 THEY HAVE ALL THE GOLD and 2, we are just along for the ride.”
so you are riding on the back of the king of metals,and the other secret is the DOW is up 360% in the last 20 years and gold is up, 680%
“The battle for decentralized peoples money vs. centralized plantation scrip is in the open and will determine the fate of future generations.”
The masses will go with the latter, 60% of the masses get there money now from centralized planning, only 1 in 140 will go with decentralized money.
yeah the future has slavery written all over it, why do you think they talk about black slavery all the time, so the dumb ones do not know they are slaves already.
Slave is slav, whites have long ben the best slaves.
80%, A lot of interesting points. Here is another to ponder, and you won’t see it addressed anywhere that I am aware of.
You write”…DOW is up 360% in the last 20 years and gold is up, 680%” Stipulated for the sake pf debate position. “Up” in relationship to what? Bushels of #2 yellow corn? Rounds of .556 ammunition? Land in Detroit, or LA, or…? Up vs the SA Rand? Canadian Dollar (Loony)? 2 year old off lease 4 door sedan at auction in Indianapolis? You see where I am going.
Bitcoin must be converted into dollars, or Euros, or whatever currency before it is “worth” anything from a trading point of view. And all the trading units (currencies) it must be traded for are 100% synthetic, controlled-by-others units that are obviously manipulated for the benefit of a small group of people you and I do not belong to. These people even control absolutely the ability to trade that Bitcoin through their complete control of the Internet. No internet, no Amazon server farm, a convenient denial of access, and all the Bitcoin in the world are stuck, worthless. Just because you haven’t seen it doesn’t mean it isn’t possible right now.
Gold (silver as well) if physically held by the owner(not in a vault, but held where it can be reached without any cooperation or permission fro anyone else) can be traded directly for things, as well as for other currencies. No denial of service locks up your gold or silver. If you want to make a discrete trade with a party you personally vet, you can hand over your valued item, take the other side of the trade, and be on your way without further ado. Public property trades excepted. You cant do that with Bitcoin, Ethereal, Dogecoin, etc. Not now, not in the foreseeable future.
Crypto currencies are interesting constructs, fun to speculate about, and have made a bunch of people feel rich. Kind of like a new recreational drug. What about serving as an unassailable and durable store of value over time and through social upheaval? We shall see. I don’t trust the people that run any crypto as far as I could throw them, and others are welcome to reach other conclusions. I don’t trust the people who run the standard currencies either. I am sure they will dispossess me (through inflation, taxation or naked confiscation) and you any time it is convenient for them.
Don’t put your faith in the things of this world. In the long run, it is not likely to work out very well.
But the USG confiscated all private gold in almost living memory, including IRS agents present at every safety deposit box opening.
Anyone believing physical
Gold is different This time around is smoking crack.
There was plenty of gold privately held after the FDR led theft in ’33, just not in the hands of honest, work-a-day citizens. What he’d meant to do was make sure that gold could NOT be used as a means to avoid the fully synthetic dollar he imposed at the instruction of the people that ran him. Remember that FDR ordered redemption of US gold currency at $20/oz, smelted down ALL of it, shifted that bullion to bar form unsuitable for use as currency, then promptly offered it for sale (or more accurately for borrow) at $35/oz. He also made it a habit to demand gold, up front, to finance the war build up. He demanded gold, and made change in paper money. He knew that gold was the real deal, and wanted it all for himself and his friends. The people were purposefully and obviously excluded from the opportunity to hold this store of value by edict imposed in a “democratic” system.
Today anyone can quietly acquire as much gold as they want to hold. Done properly, the government need not know you have acquired any, so a call to turn it in can be ignored. Obviously I am not talking about tons of gold, but (perhaps) a few hundred ounces at most. Travel to a gold store away from home, pay cash, acquire small lots and tell NO ONE (not your wife, kids, dog or friends) you hold any. Don’t keep it in a bank or someone else’s vault, keep it in reach of your own arms. Don’t refer to it in a will, don’t even give it a lot of thought. If you are careful and shrewd, someday after this current mess has past, and a new, more trustworthy group is stealing things, that gold will be good for you or your kids (grandchildren more likely) to get a start on things.
Maybe crypto will serve the same purpose. I doubt it, but you pays your money, and you takes your choice.
Can you explain what could keep a government from banning crypto? The government could simply write a law that says any business caught accepting crypto will be shut down, no?
Would it not be called counterfeiting once the government starts its own crypto, you cannot make your own dollars, and dont you think the government started crypto to start the brain washing scheme to begin with.
What would one call barter?
Good luck with barter.
It does not fit the definition of money, nor does the dollar, or any currency, the future will introduce the real money.
When someone can tell me how coding is rare, let me know, when someone can tell me its indestructible, let me know, yes coding is dividable Im sure there are quadrillions of lines, it is used every place you see and visit.
They use coding everyday Credit cards, fed banks shifting money on servers, nothing new under the sun.
Crypto is real and I’ve had real temptations to buy since Bitcoin was $7. However it’s obvious it’s the ultimate control mechanism- even more than health passes and EMF.
Beware of people who give advice and can’t see this.
“The powers out again…wish I had some gold.”
With the flip of a switch…
money, a medium of exchange that’s agreed upon has been my understanding of the principle, it has been gold and silver in the past, now it’s paper backed by promises but can it be electronic code in the matrix ? seems far fetched but i do live in unreal times, it does seem useless for hard times, can it exist with any value during a society or grid down situation
Legal tender laws FORCE the use of worthless paper. Nothing was “agreed upon.” People were fine using paper backed with gold or silver, but that tied government’s hands. Money is just a medium of exchange, but we have no free market in currency, just violence and force.
Digital number that I can hardly know where it come from or how it work. The way it value is overblown in a couple of years indicate that it’s a scram. It’s greatly favor the gambling class that produce nothing for society and encourage such behaviors. A very very sweet cake, straight from the devil’s hand.
no computer, no electricity = no money!!
Unless a currency is converted to a hard value asset, it really has no value until that occurs.
Unless a currency is accepted in exchange for either a good or a service, it is not a currency.
A greater collection of idiocy I have not seen in a long time.
Amusing that people still don’t get that collectibles’ increase in value (along with everything else) during a bubble doesn’t mean a damn thing.
Furbies were a thing,
Now they’re not.
99.9% of the altcoins are Furbies; bitcoin and ethereal will get hammered like everything else when the crash comes.
As a boomer, I’m being cautious and learning as much as I can before diving into crypto. The article made fun of Buffet for his comments about crypto, but he has always said he would not invest in something he didn’t understand, hence the reason he never lost money when dotcom bubble burst. He never invested in it because he didn’t understand it.
The uses I’ve learned about Crypto so far are from observing friends who invest:
a. Use fiat money to buy digital fiat money.
b. Change digital fiat profits back to fiat money
c. Exchange fiat money into something tangible like gold/silver, commodities, paying off debts, etc.
d. High Risk/High Reward.
e. My observation is when Bitcoin goes up, most other cryptos will rise also, though only briefly for some.
Many of them have paid off homes, major debts, amassed commodities such as gold/silver, etc. Some have also lost their shirts, but those usually were the ones that were not educated well enough about crypto or were too impatient or invested money they could not afford to risk losing (like a guy betting his house payment on the horses at the track).
I have some more studying to do, but I think I will be taking the plunge in January. Do I think it will replace the physical fiat money? No. Digital is just that, digital and subject to EMP, government regulations, hackers, etc. It’s fiat and if the bitcoin community loses faith in bitcoin, then bitcoin will collapse. Bitcoin, and other digital currencies are just digital tools for now. I would never place my retirement into it nor my paycheck, just as I won’t with the dollar any more than I need to.
Just my two cents….errrr….bitcoins.