Bitcoin

[MadDogMarine]

MDM,

I get your point but right now, I'm not so sure investing anywhere is all that safe.

You are already investing if you are saving dollars in a bank account. I am of the position that any dollar based investments are very,very risky at this time.
Investments that have proven themselves in the past as "preserving" your wealth( not making a profit through investing) is hard assets that have INHERENT VALUE. Bitcoins do not meet that criteria. Gold, silver, farm land, guns and ammo, farm tools and equipment that assists in the growing of your own food all meet that criteria.
The value of a dollar can technically go to zero. The value of the mentioned hard assets can never go to zero.
Secondly would be things that you can barter with.
A popular item would be liquor, cigars,cigarettes,knives, food items like coffee and tea etc.

 

[Dakota]

You are already investing if you are saving dollars in a bank account. I am of the position that any dollar based investments are very,very risky at this time.
Investments that have proven themselves in the past as "preserving" your wealth( not making a profit through investing) is hard assets that have INHERENT VALUE. Bitcoins do not meet that criteria. Gold, silver, farm land, guns and ammo, farm tools and equipment that assists in the growing of your own food all meet that criteria. The value of a dollar can technically go to zero. The value of the mentioned hard assets can never go to zero.
Secondly would be things that you can barter with.
A popular item would be liquor, cigars,cigarettes,knives, food items like coffee and tea etc.

We are more on the same page than you think. I agree... if you have land, ability to farm, tools, that sort of thing you have some form of weath to fall back on - with just investments, not so much.

I read at another site every morning like clock work. I am addicted to the articles and today, article 5 and 6 of the top 20 are on Bitcoin.

The Case Against Bitcoin – A Faith Based/Emotion Backed Currency | Smaulgld

Bitcoin – A Mining Disaster Waiting To Happen | Smaulgld

 

[Dakota]

Make that 3....

Gonzalo Lira: Bitcoins: Get Out While The Getting's Good

The site I read at is patrick.net - been there since the beginning but am not a poster. The posting fights can get real dirty but for the most part, Patrick just lets it go.