Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Citizen Zed
Sell gold and buy Bitcoin?

Don't sell. Diversify and get both (like I have). People might laugh at bitcoin, but it is a very important and serious innovation. Especially when the western central banks are talking about eliminating cash and imposing negative interest rates, bitcoin is an arrow in your financial quiver against the fiat currency statists.

8 posted on 02/19/2016 10:44:33 AM PST by bkopto
[ Post Reply | Private Reply | To 1 | View Replies ]


To: bkopto
I think that a small nominal amount of liquidity in things like paypal, Amazon, etc. is a good idea. That may also apply to bitcoin, though i am not familiar with its portability.

However, Like I said earlier, significant position in electronic currency is very dangerous, as with no sovereign tying benchmark, a rapid decline would not be hard to envision. Hedging it as a guard against negative interest rates is highly not recommened.

9 posted on 02/19/2016 10:58:52 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: bkopto

Are you ever worried you can lose your Bitcoins?


38 posted on 02/19/2016 2:39:10 PM PST by Citizen Zed ("Freedom costs a buck o five" - Gary Johnston, TAWP)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson