Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
IMO Bitcoin can't be a real currency until its consistently depreciating in value like a real currency
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
4407
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
Why does everyone seem to think that a currency has to be constantly depreciating to be used as a currency?
1. Hold on to only as much Fiat as you need to in order to satisfy your needs for emergency funds or planned long term diversification strategy. This can be literally anywhere from 0% to 100% of your networth depending on your plan.
2. Anything that does not fall under #1 or other diversified investments, buy cryptocurrencies (convert at the time when you are paid in dollars, or just get paid in crypto). It is in your best interest to do this conversion immediately upon receipt of extra dollars (not in #1), because by the time you wish to spend on something, your crypto is more likely to have gone up in purchasing power, and your dollars are more likely to have gone down in purchasing power.
3. When you wish to spend on something, you will not spend dollars because all of your dollars are allocated towards purpose of #1 which you have already set aside. Therefore you will spend your crypto. On top of that, if the value of the crypto went way up then spending it on goods and services helps to rebalance your asset allocation. On the flip side, spend dollars if the crypto value has gone down until you are rebalanced.
Last edited by Crashland; 09-05-2017 at 12:16 PM.
i just discovered this forum.. gosh didn't know there was one..
good!
5 of my friends bought Bitcoin recently for the first time. And Monero because I advised them to buy some too since it has interesting cryptographic properties.
$3321 now.
$2900 anyone?
$1900?
Where's the trough?
Last edited by anaconda; 09-14-2017 at 05:33 PM.
$3321
Skyrocketing upward!
Last edited by anaconda; 09-14-2017 at 06:52 PM.
Some news speculates that some chinese exchanges may open back up at the end of the year. Wonder if that put a stop to the downward trend?
let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!! Spartacus, War of the Damned
BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq
Nom, Nom, Nom..... cheap coins....
BTC is climbing faster than a Joe Scarborough hit single.
Last edited by anaconda; 09-15-2017 at 11:57 PM.
if i put my life savings into bit coin i'd be able to retire at 40
A savage barbaric tribal society where thugs parade the streets and illegally assault and murder innocent civilians, yeah that is the alternative to having police. Oh wait, that is the police
We cannot defend freedom abroad by deserting it at home.
- Edward R. Murrow
...I think we have moral obligations to disobey unjust laws, because non-cooperation with evil is as much as a moral obligation as cooperation with good. - MLK Jr.
How to trigger a liberal: "I didn't get vaccinated."
Connect With Us