Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1
Bitcoin surpasses silver to become the 8th largest asset in the world.
https://twitter.com/WatcherGuru/status/1767141335910257021
Here is a link of 18,000 Assets ranked by Market Cap
You only need to disclose coins that were traded.
Just like you need to disclose Silver that was traded on the Exchnages.
Right now, you can purchase 116,000 tulips with a bitcoin. It’s down a bit right now—-all the way down to where it was Sunday.
Honestly, there are a lot of people who neither understand what it is or what it does…and thats OK. Most people don’t understand how money or currency really works. They understand less how banking works around the world.
People are not really comprehending how this is a worldwide thing, and the market NEVER closes. It has been running flawlessly for 15 years. There are not many systems that can show that kind of consistency.
Junkcoin
The Chinese Communist Party probably control it and just waiting to make a killing
If you trade it you do.
Just like crypto.
And why wouldn’t you? Gains are taxable.
Yes, taxed as ordinary income. Physical Silver can be transferred more easily.
Worth more than gold, silver or your dollar.
All true.
Interesting that there has been an about face on Bitcoin by:
SEC allowing ETFs
Elizabeth Warren
Even Trump.
We live in a range times bro
They’ve outlawed it. But many Chinese use it to get out of capital limits. Hong Kong is getting ready to open their own ETF.
BTC isn’t going anywhere, any time soon.
As the Fed adds another four trillion in debt every year, having something that cannot be inflated away (whether its bitcoin or hard assets) is going to come in handy.
What if you hand your child a few gold coins?
My silver holdings since the day I bought Bitcoin have had a CAGR of .5%. (2013 to today.)
My bitcoin CAGR for the same period is about 75%. Per year.
As long as you rebalance occasionally and pay the taxes, you will come out ahead with BTC.
Really?
You have to pack it up, ship it to vendor and wait a week to get your money. That’s if you want to make what it’s worth. Your local coin dealer is not going to give you the best price.
I have moved bitcoin from around the world, to USD in minutes…and transferred to my checking account by the end of the day.
Silver is in no way easier to move than bitcoin.
How come I don't see holders of government debt? If the US has debt of $34 T, then that means there are a total of $34 T in treasury debt owned by people and entities. And that's just one government.
I can hand my grandkids a wallet with bitcoin as well. You face the same tax requirements either way. I’ve discussed that with the IRS during an audit. It ALL has to do with keeping good, clean records.
The price is manipulated if you have not figured it out, and inflation is outpacing it.
Silver in 2010 Average closing price was $20.19. Silver is currently worth 10 dollars more 15 years later.
Bitcoin was under 1 cent. It’s currently worth over $70,000.00
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
If you had bought $1000 worth of silver in 2010. It’s value today would be $1,206.53 14 years later.
Bitcoin in 2010 average price was .10 cents. Had you purchased $100.00 worth or 1/10th the price in Bitcoin it would be worth $7,053,200.00.
Sorry you choose poorly.
Only if it’s a short term capital gains tax (held under 1 year). If over a year, then it’s long term capital gains.
Just like anything else on Wall Street.
Funny meme. Not true anymore, but funny. Or was funny
Except for the fact it isn't really worth anything, while Silver has many important real world uses.
This whole phenomena is just a bunch of Ponzi Schemers stampeding fools into doing something stupid.
yep
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