you are viewing a single comment's thread.

view the rest of the comments →

[–]Bigs 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (7 children)

So Ethereum for the win then :)

[–]JasonCarswellPlatinum Foil Fedora 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (6 children)

Yes and no.

It's not a contest. Don't put all your eggs in one basket: USD, banks, or just Ethereum. Don't save all your crypto on one thumb drive. Diversify and decentralize.

And make new crypto. BigsCoin, HibikiBlackCoin, and JasonCarswellCoin.

[–]Bigs 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (5 children)

I have a little tiny bit of bitcoin, about $2k of eth, the rest in a savings account earning negative interest, realistically.

Planning on just dollar-cost-averaging $1k a month into eth. Can put aside another $500 a month but not sure where. Probably bitcoin, as stocks n shit are pretty much worthless now. Way above their earnings or shit interest.

[–]JasonCarswellPlatinum Foil Fedora 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (4 children)

If I could invest, I'd buy 1/4 Bitcoin 1/4 Etherium 1/4 6 other cryptos 1/8 gold and silver 1/8 impure silver like cutlery etc which can be purified if necessary, but importantly can be traded in small amounts. It's difficult to make change for a gold bar. A silver spoon is not just something some are born with. It may buy your groceries or whatever when the shit hits the fan.

[–]Bigs 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

Some years ago, listening to Peter Schiff, I stocked up on some little 1 oz silver bars, as some SHTF munny. Couldn't find any locally, so had to pay postage but hey, preparation is KEY, eh? *taps forehead

Couple of years later, needed some extra cash so figured I'd sell some silver.... couldn't find anyone here who wanted to buy it. Worthless.

I'm in Malaysia. Here they like gold, but silver? Nah.

I wasn't just offered a silly low price, I literally couldn't sell it. Ended up putting the bars into Xmas boxes for my nephews.

Not just Malaysia though. Saw a skit where that Brice or whatever he's called, goes walking around some town asking people which would they like, a chocolate bar or a silver bar? I'm sure he edited out those going for the silver but he had a long line of examples of people picking the cheap chocolate over the $50 silver bar.

Even while standing outside a jewelry and precious metals dealer, where they could literally walk in, exchange the bar for fiat currency, walk into the shop next to it and buy a fistful of chocolate bars and have plenty of change left.

So tiny gold coins, sure. Silver? Nah.

[–]JasonCarswellPlatinum Foil Fedora 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

*taps forehead

Keep drills clear of your skull. Lobotomies may seem like retarded fun but I assure you... um, what was I saying?

I wasn't just offered a silly low price, I literally couldn't sell it.

Wow.

Ended up putting the bars into Xmas boxes for my nephews.

Best uncle ever!

and have plenty of change left.

Crazy. Thanks for sharing that. Something to ponder on. Fortunately I don't have long to ponder as I don't have any invested.

I wonder if they make dime-sized gold coins. My grandmother left me a 1oz gold coin on a gold chain. I'll need to be wise with it. It's all I have that's of value until I get my projects going and earning.

[–]Bigs 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Here in Malaysia you can buy some really tiny little gold coins, like 2 grams or wotnot. However I've learned in the past, you try saving up for a boat or something with gold... the "spread" is nasty! Like 35%.

Buy gold if you intend to hodl for the next 7 years or so, less than that and you might as well just let inflation eat your cash, as it's the same result with fewer steps.

[–]JasonCarswellPlatinum Foil Fedora 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

TIL, thanks.