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Post by Frantic on Sept 18, 2014 17:27:06 GMT -8
I'm thinking of buying a few, mainly as an investment. They are currently trading at $426.
Anyone know how to buy them?
Has anyone used them to buy anything? How does it work? Etc.
Yes, I've done a Google search but I don't know anyone who owns any and just want feedback.
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Post by 78aztec82 on Sept 19, 2014 0:58:33 GMT -8
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Post by Spud on Oct 5, 2014 16:36:59 GMT -8
I'm thinking of buying a few, mainly as an investment. They are currently trading at $426. Anyone know how to buy them? Has anyone used them to buy anything? How does it work? Etc. Yes, I've done a Google search but I don't know anyone who owns any and just want feedback. |
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Post by Frantic on Oct 6, 2014 8:06:07 GMT -8
Here's the conclusion of the article: "On the other hand, a bitcoin today will still be a bitcoin no matter how long you hold onto it. Investing is all about participating in value creation. You can't invest in bitcoin because a bitcoin isn't creating any value during the time that you are holding it." And this: "You can't invest in bitcoin because there's nothing "behind" the bitcoin to create value. In the long run, it is much more worthwhile to take the time to invest in great businesses, and then let time work its magic. As these businesses create value, you will be able to steadily build your own wealth. I disagree with the author. In 2003 I bought 10 gold coins for $335 an ounce. I considered it an investment. The coins haven't created any value, but they've gone up 4-fold. How about rare art? Collector cars? A Jimi Hendrix guitar? Raw land? I consider those investments too because they are appreciating assets; they sit there and do nothing except appreciate over time. |
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Post by AlwaysAnAztec on Oct 6, 2014 9:14:26 GMT -8
Here's the conclusion of the article: "On the other hand, a bitcoin today will still be a bitcoin no matter how long you hold onto it. Investing is all about participating in value creation. You can't invest in bitcoin because a bitcoin isn't creating any value during the time that you are holding it." And this: "You can't invest in bitcoin because there's nothing "behind" the bitcoin to create value. In the long run, it is much more worthwhile to take the time to invest in great businesses, and then let time work its magic. As these businesses create value, you will be able to steadily build your own wealth. I disagree with the author. In 2003 I bought 10 gold coins for $335 an ounce. I considered it an investment. The coins haven't created any value, but they've gone up 4-fold. How about rare art? Collector cars? A Jimi Hendrix guitar? Raw land? I consider those investments too because they are appreciating assets; they sit there and do nothing except appreciate over time. I agree and disagree. Unless you are directly investing in a business as a partner of some sort or something with a fixed guaranteed return all investments are a throw of the dice. Just a gamble. You did well with your gold but someone who bought in September of 2011 would be down quite a bit. As far a collectibles, good luck. |
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Post by Frantic on Oct 6, 2014 10:13:47 GMT -8
I agree and disagree. Unless you are directly investing in a business as a partner of some sort or something with a fixed guaranteed return all investments are a throw of the dice. Just a gamble. You did well with your gold but someone who bought in September of 2011 would be down quite a bit. As far a collectibles, good luck. Directly investing in a business is a throw of the dice. To a much lesser extent fixed returns can be too - just ask former GM bond holders. The point is, contrary to the article, investing is not limited solely to things that "create value during the time that you are holding it". |
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Post by Spud on Oct 6, 2014 16:17:33 GMT -8
All good points...I guess I see bitcoins as a extremely risky "investment" given the current environment...at least with Gold, I actually own a physical, tangible product. I can at least make a necklace or ring with it.
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