KITCO NEWS - Gold and BTC

[AurumArgenti]

I always enjoy KITCO News. Worth a watch for Gold and Bitcoin. Hindsight is a wonderful thing but I wished I'd been on BTC when it was cheaper.

 

[HawkHybrid]

1 hour ago, AurumArgenti said:

Hindsight is a wonderful thing but I wished I'd been on BTC when it was cheaper.

 

given hindsight wouldn't traditional gambling yield

better returns? winning the lottery gives a pretty

good return for £1?

(unlike real investments gambling is a zero sum

game)

 

HH

[AurumArgenti]

6 minutes ago, HawkHybrid said:

 

given hindsight wouldn't traditional gambling yield

better returns? winning the lottery gives a pretty

good return for £1?

(unlike real investments gambling is a zero sum

game)

 

HH

Crypto currencies have always been a speculative market but it's a far cry from gambling and the lottery? 

Real investments? 🤔😆

[AurumArgenti]

The same was said about Google and Facebook at one stage HawkHybrid?

[silverdocket]

 Good all Daniela been watching her for a while 

 Very pretty 

 Same old questions.

 

[HawkHybrid]

57 minutes ago, AurumArgenti said:

Crypto currencies have always been a speculative market but it's a far cry from gambling and the lottery? 

Real investments? 🤔😆

 

a real investment like an energy saving light bulb.

you spend £x on the light bulb and every time you

use it, it saves you £Y. something that gives you a

real return on your money.

it's gambling when there are no real returns and the

only way you make a profit is if someone else makes

a loss.

call it what you will. the only profits on bitcoin have

been against others making a loss.

 

HH

[AurumArgenti]

5 minutes ago, HawkHybrid said:

 

a real investment like an energy saving light bulb.

you spend £x on the light bulb and every time you

use it it saves you £Y. something that gives you a

real return on your money.

it's gambling when there are no real returns and the

only way you make a profit is if someone else makes

a loss.

call it what you will. the only profits on bitcoin have

been against others making a loss.

 

HH

Not entirely true about BTC and many other markets. The perceived value of something and the supply, demand, and market entry also play a part in profits.

[HawkHybrid]

7 minutes ago, AurumArgenti said:

Not entirely true about BTC and many other markets. The perceived value of something and the supply, demand, and market entry also play a part in profits.

 

if the underlying asset has never turned a profit

then when early adopters take profits, the money

has to come from somewhere?

 

HH

[AurumArgenti]

Just now, HawkHybrid said:

 

if the underlying asset has never turned a profit

then when early adopters taking profits, the

money has to come from somewhere?

 

HH

The value of anything comes from people's perceived value of it and it's scarcity. All markets have fluctuations and risk including gold and silver.

 

 

[Martlet]

17 minutes ago, HawkHybrid said:

 

a real investment like an energy saving light bulb.

you spend £x on the light bulb and every time you

use it, it saves you £Y. something that gives you a

real return on your money.

it's gambling when there are no real returns and the

only way you make a profit is if someone else makes

a loss.

call it what you will. the only profits on bitcoin have

been against others making a loss.

 

HH

 Someone bears a cost, but not necessarily a loss, when they buy an asset.  They can sell on for a profit later. 

[HawkHybrid]

3 minutes ago, Martlet said:

 Someone bears a cost, but not necessarily a loss, when they buy an asset.  They can sell on for a profit later. 

 

someone should tell that to those who bought in

bitcoin nearer $20k, you are not making a loss?

 

HH

[AurumArgenti]

4 minutes ago, HawkHybrid said:

 

someone should tell that to those who bought in

bitcoin nearer $20k, you are not making a loss?

 

HH

They have lost money till they exit the market like anything? 

[HawkHybrid]

1 hour ago, AurumArgenti said:

The same was said about Google and Facebook at one stage HawkHybrid?

 

you are mistaking a mania with asset performance.

it's possible for any asset to be in a mania. google

and facebook have been in mania's before. the

difference is that unlike bitcoin they make progress

(in asset terms).

investors in those stocks hold them should they

continue to make satisfactory progress. holding

bitcoin is just blind faith that the price will go up.

 

HH

[AurumArgenti]

8 minutes ago, HawkHybrid said:

 

you are mistaking a mania with asset performance.

it's possible for any asset to be in a mania. google

and facebook have been in mania's before. the

difference is that unlike bitcoin they make progress

(in asset terms).

investors in those stocks hold them should they

continue to make satisfactory progress. holding

bitcoin is just blind faith that the price will go up.

 

HH

No disrespect but I think you need to do more research into digital assets and their possible future uses before making such claims. Everyone is entitled to their opinion of course. 

Take a look at XRP and the likes of Ethereum as cross border liquidity for example.

[HawkHybrid]

1 minute ago, AurumArgenti said:

They have lost money till they exit the market like anything? 

 

what about the opportunity cost? they now own

dead money at a 50% paper loss waiting for it to

go up. they are now forced to hold on or sell at a

loss. I wouldn't call that not making a loss. if it's

not such a loss then maybe you would be happy to

hold such a position?

 

I'm only currently making a paper loss only applies

to assets that you have a strategy that can be

executed within a time frame. hopefully waiting for

a recovery within your lifetime doesn't count as a

valid strategy.

 

HH

[HawkHybrid]

there's nothing wrong with speculating on bitcoin

just as there's nothing wrong with gambling. you

need to recognise what you are dealing with and

allocate funds accordingly. I've gambled plenty of

times but I never use 'investment' money to gamble.

 

imo you make all the wrong comparisons when you

compare bitcoin to large cap stocks, and gold and

silver. it's all crypto propaganda.

 

oh and max keiser doesn't know what he's on about

when he talks about the dollar dying.(either that or

there's a lot of information he's not saying in order to

push his agenda)

 

HH

[HawkHybrid]

26 minutes ago, AurumArgenti said:

No disrespect but I think you need to do more research into digital assets and their possible future uses before making such claims. Everyone is entitled to their opinion of course. 

Take a look at XRP and the likes of Ethereum as cross border liquidity for example.

 

having the potential is not good enough.

google/facebook makes sufficient progress

at each and every yearly update to convince

shareholders to continue to hold.

the potential to make money is not good

enough. you need to be able to make money

within the time frame allocated to you.

 

van gogh had plenty of potential, didn't he die

poor?

 

HH

[Martlet]

3 minutes ago, HawkHybrid said:

 

having the potential is not good enough.

google/facebook makes sufficient progress

at each and every yearly update to convince

shareholders to continue to hold.

the potential to make money is not good

enough. you need to be able to make money

within the time frame allocated to you.

 

HH

That would apply to your energy saving light bulb too. It only has potential to save money, if it breaks, you're away, you put in a room you dont use, it may never save you more than it cost.  Potential to make money is the entire purpose of stock markets, all those stocks that are in growth phase not returning dividend and many never will. 

[AurumArgenti]

12 minutes ago, HawkHybrid said:

there's nothing wrong with speculating on bitcoin

just as there's nothing wrong with gambling. you

need to recognise what you are dealing with and

allocate funds accordingly. I've gambled plenty of

times but I never use 'investment' money to gamble.

 

imo you make all the wrong comparisons when you

compare bitcoin to large cap stocks, and gold and

silver. it's all crypto propaganda.

 

oh and max keiser doesn't know what he's on about

when he talks about the dollar dying.(either that or

there's a lot of information he's not saying in order to

push his agenda)

 

HH

Like I said we are all entitled to our own opinion. China has recently told it's people to adopt Blockchain technology same as the likes of Korea.

 

It's been announced that Canada is going to be adding BTC to one of it's largest exchanges.

 

The West is generally behind the ball on this one. 

 

Like anything in life you should never put in more than you are willing to lose.

 

If you aren't interested then there's no point continuing. If I want pointless arguments I'll go on twitter or FB.

[HawkHybrid]

29 minutes ago, Martlet said:

It only has potential to save money, if it breaks, you're away,

 

that's the investment risk I take. clear and

easy enough for me to understand. also theft

etc.

29 minutes ago, Martlet said:

you put in a room you dont use, it may never save you more than it cost.

this is where a little planning and calculations

come in. I estimate the usage and savings

and work out the maths on time taken to break

even etc. before making any decisions.

(notice how the light bulb needs to save me equal

or more than the money spent on it in the time

frame before it breaks to stand any chance of

investment. I can't expect it to last forever, time

frame is extremely important)

 

this is not about whether or not I actually make a

profit or loss on my investment. it about being

informed and being able to do the maths on a

calculator before I choose whether or not I want

to invest.

it's about the procedure to take before making

investments. there is little to no procedure for

bitcoin. sometimes it goes up, sometimes it goes

down.

 

growth stocks need to make yearly progress reports

so that investors can make calculations on the risk

to reward ratio of the stock(in order to decide whether

or not to continue to hold). people think it's all pie in

the sky. bitcoin is pie in the sky. listed companies

produce yearly updates informing investors.

 

HH

[HawkHybrid]

33 minutes ago, AurumArgenti said:

If I want pointless arguments I'll go on twitter or FB.

 

is comparing bitcoin to gambling(with explanations)

considered pointless?

 

45 minutes ago, AurumArgenti said:

China has recently told it's people to adopt Blockchain technology same as the likes of Korea.

maybe spreading possible rumours with unsubstantiated

numbers based on unknown times frames is considered

not pointless?

 

HH

[HelpingHands]

4 hours ago, HawkHybrid said:

 

a real investment like an energy saving light bulb.

you spend £x on the light bulb and every time you

use it, it saves you £Y. something that gives you a

real return on your money.

Is that an investment or just a cheaper alternative?

Sitting in the dark must be the best investment.

[HawkHybrid]

12 minutes ago, HelpingHands said:

Is that an investment or just a cheaper alternative?

Sitting in the dark must be the best investment.

 

feel free to sit in the dark with your best investment.

I'll just settle for saving some money on my electricity

bills.

 

HH

[Abyss]

Max Keiser certainly very passionate about his views and opinions in this Kitco report. I have degree in Software Engineering but the irony is I have never done any significant research into Crypto currencies. Shadow Stack always seems talking about Crypto land in his YouTube channel. I think nice to see pundit passionate about both Precious metals and Crypto’s at the same time.

[AurumArgenti]

8 hours ago, HawkHybrid said:

 

is comparing bitcoin to gambling(with explanations)

considered pointless?

 

maybe spreading possible rumours with unsubstantiated

numbers based on unknown times frames is considered

not pointless?

 

HH

You don't seem to understand the technology behind bitcoin? Many people consider it to be a stored value like gold.

 

The network the BTC runs on is decentralised, encrypted and unregulated technology. There's only a finite number of BTC that can ever exist.

 

BTC is created when complicated mathematical problems are solved by " miner's " who managed parts of the Blockchain and ledger that's stored across the network.

 

The costs associated with mining are in hardware, electrical energy and their time.

Roughly every 4 year's the rewards of the miner's are halved making it harder to create the remaining BTC.

 

It is possible to view the ledger and transaction but not the identity of the addresses.

 

There isn't a controlling company or government behind bitcoin.

 

Here's my basic understanding of how BTC works. 

 

There's are many different types of crypto currencies each with different applications. 

I'm quite the fan of XRP and the ripple network which is designed with cross border payments at a fraction of the cost of today's outdated methods.

 

Instead of peddling your own prejudice. Please do some research into the " rumours ".