Gyroscopic Investing

If bitcoin(s) becomes the new world currency what will that do to my precious country???

Hello MARC,

How are you?

Can I start to belong to bitcoin family?


1A5iaKFGySRTJu6aauE8FBXdVq3j8x6QQf

With my best regards!

Don't know if I qualify, or if your offer is still valid, but here is my account number: 1HaVqAS7Cr6nmcuFJQZ6MG7jSKe1ZgWWwc

RyeWhiskey wrote: Wow, mighty generous of you Marc. I never thought I'd get into bitcoins but I guess this would be the first step. Also, congratulations on your success - It's always nice to hear that someone is doing well.

1Nd3z24Y3kKM6LL2yzypi4uM2v7HuwMbPQ

Thanks so much for your congratulations RyeWhiskey!

BTC transferred. Great to hear this is your first step

Good luck in your investments

Reub wrote: If bitcoin(s) becomes the new world currency what will that do to my precious country???

What are you concerns Reub?

Do you think bitcoin would impact the government of your country negatively? Or do you fear it would impact your fellow country men negatively?

Hi Marc,
Thank you for your generous offer.  I have been paying attention to bitcoin but have not yet dipped my feet in the water, so your offer has spurred me to jump in.

17u9iM5BwvfEAQmE7T16qbqnUSaQZgq6Jw

Rien wrote: Don't know if I qualify, or if your offer is still valid, but here is my account number: 1HaVqAS7Cr6nmcuFJQZ6MG7jSKe1ZgWWwc

Hi Rien, I didn't get to replying but have enjoyed your posts and thoughts here very much

Coin send, hope you succeed in building a nice stash. 

frugal wrote: Hello MARC,

How are you?

Can I start to belong to bitcoin family?


1A5iaKFGySRTJu6aauE8FBXdVq3j8x6QQf

With my best regards!

Marc, please don't forget me 

Thank you for your offer Marc. I haven't used the bitcoin concept in the past but I opened an account at the link you provided and I am curious to see how this thing works.

17DG2qoFdukuog4hpRhdCTiiKZgHbCSdcP

I guess this offer to own bitcoins is the equivalent of the cigar-butt approach with 100% margin of safety lol

frugal wrote: Hello MARC,

How are you?

Can I start to belong to bitcoin family?


1A5iaKFGySRTJu6aauE8FBXdVq3j8x6QQf

With my best regards!

Hey Frugal!

Welcome to the bitcoin family! 

Thank you so much for valuing my work and blog the past few years.


Hope you succeed in building it to 1 btc. Only 21 million people in the world will be able to own 1 full btc. And that is if no one else owns more than 1.

Here you can see a cool globe in 3D with all people currently running the bitcoin client:
https://blockchain.info/nodes-globe

kapoios wrote: Thank you for your offer Marc. I haven't used the bitcoin concept in the past but I opened an account at the link you provided and I am curious to see how this thing works.

17DG2qoFdukuog4hpRhdCTiiKZgHbCSdcP

I guess this offer to own bitcoins is the equivalent of the cigar-butt approach with 100% margin of safety lol

There you go.

You don't risk losing money with this free bitcoin, but if not valued it may cause regret one day.

Muchas Gracias Marc!

Marc,

I'm always reading this site as there are many smart, mostly like minded people on this board.  I have not commented too much as of late but your kind offer has brought me out of posting hibernation.

Thank you for not only the offer, but also for persuading me to take some time to understand this more. 

Hit me up!   

16HkxXUQmf4KGavTfrU6ro8oxwmaRF82g3

Thanks again!

Marc wrote:

frugal wrote: Hello MARC,

How are you?

Can I start to belong to bitcoin family?


1A5iaKFGySRTJu6aauE8FBXdVq3j8x6QQf

With my best regards!

Hey Frugal!

Welcome to the bitcoin family! 

Thank you so much for valuing my work and blog the past few years.


Hope you succeed in building it to 1 btc. Only 21 million people in the world will be able to own 1 full btc. And that is if no one else owns more than 1.

Here you can see a cool globe in 3D with all people currently running the bitcoin client:
https://blockchain.info/nodes-globe

My early morning post disapeared !

MARC: Great Man, great blogger, great mind.

I know nothing about Bitcoins but followed this thread and created a wallet:

13iQ3FuyrhrU3f8wmBSm9WymKerNkh1ka4

Then I happened to read this today

A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished

Oh, China.

I don't use an online wallet for just that reason. It's less convenient, but safer.

Pointedstick wrote: You know what I just realized? Moda and Gumby have been talking about how the natural "risk-free" rate of interest on a floating fiat currency is zero percent; what's the "risk-free" interest payment you can get on Bitcoin--a floating fiat currency? Zero percent. All of these gains are coming from appreciation vs other currencies, not interest payments. If and when Bitcoin eventually stabilizes vs the dollar or euro or something, I think there's a very strong case to be made that nobody's Bitcoin reserves are going to be accumulating any interest payments without lending them out to borrowers and taking on some real risk. How could it be any other way? Bitcoin is an inherently deflationary currency; "risk-free" interest the way bank reserves work today requires inflation.

These gains come from the greater fool that is paying you more . But someday there will be no greater fool available and then this whole thing breaks up. It looks clearly like euphoria, the last stage of a bubble.
@Marc when i were you, i would transfer most of the gains to the real world and buy real estate or stocks for it, and live from the cashflow of rents and dividends. Currently you look like a lottery winner who gives away his money.

Rien wrote: Muchas Gracias Marc!

You are welcome Rien!

frugal wrote:

Marc wrote:

frugal wrote: Hello MARC,

How are you?

Can I start to belong to bitcoin family?


1A5iaKFGySRTJu6aauE8FBXdVq3j8x6QQf

With my best regards!

Hey Frugal!

Welcome to the bitcoin family! 

Thank you so much for valuing my work and blog the past few years.


Hope you succeed in building it to 1 btc. Only 21 million people in the world will be able to own 1 full btc. And that is if no one else owns more than 1.

Here you can see a cool globe in 3D with all people currently running the bitcoin client:
https://blockchain.info/nodes-globe

My early morning post disapeared !

MARC: Great Man, great blogger, great mind.

Thanks so much Frugal, you made my day 

Ps: What do you mean with the early morning post?

Pointedstick wrote: Oh, China.

I don't use an online wallet for just that reason. It's less convenient, but safer.

Thanks.  Not knowing anything about it I thought an online wallet was required. After reading your post I found and downloaded one to my PC.

RickV42 wrote: Marc,

I'm always reading this site as there are many smart, mostly like minded people on this board.  I have not commented too much as of late but your kind offer has brought me out of posting hibernation.

Thank you for not only the offer, but also for persuading me to take some time to understand this more. 

Hit me up!   

16HkxXUQmf4KGavTfrU6ro8oxwmaRF82g3

Thanks again!

That's great to hear Rick

There you go!

Mdraf wrote: I know nothing about Bitcoins but followed this thread and created a wallet:

13iQ3FuyrhrU3f8wmBSm9WymKerNkh1ka4

Then I happened to read this today

A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished

Yes, bitcoin land truly is the new Wild West.

Not only does it regularly happen that people their account gets hacked (hence 2 factor!), 1 in 5 service operators ends up disappearing with the coins as well (hence cold storage!), even the government likes to raid the largest exchanges from time to time (hence no trading but buy and hold!).

I advised the blockchain.info wallet because they are the most trusted and using that with 2 factor on your phone is safer than just installing the bitcoin client I think, since most people don't use their computer safely and it's easy to hack into. But indeed the best is cold storage like Armory, though much more complicated and not worth it if you only have small amounts.

Holding on to your coin is very hard.

Some get robbed, some lose them, many invest them, some gamble them, others consume them, and those that still have them often sell them way too soon (they got me on this one) 

Hence, when the fingers are itching to move the coin, watch this song.

Coins send, good luck! 

You're really selling this, Marc!

Thank you Marc.  I'm a Luddite about all this. I have a whole new subject to explore...from an initial web sweep it looks to me like the exchanges that allow one to buy bitcoins with money offer terrible exchange rates   Which ones do you favor? I'd like to drop a few bucks in there and see what happens.
I opened a blockchain.info wallet but after PS's post I downloaded MultiBit.

Mdraf wrote: Thank you Marc.  I'm a Luddite about all this. I have a whole new subject to explore...from an initial web sweep it looks to me like the exchanges that allow one to buy bitcoins with money offer terrible exchange rates   Which ones do you favor? I'd like to drop a few bucks in there and see what happens.
I opened a blockchain.info wallet but after PS's post I downloaded MultiBit.

I like localbitcoins.com. I sold the other day at the rate of $360/BTC when the official exchange rate was very close to that.