Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
looks like there is still plenty of cash in the sidelines
i'm personally 10:1 / cash:btc which is my maximum risk level in i'm willing to go ... nice to have scraped the latest bottom but no way i'm putting more in at this point ... just watching the gains now and looking for the eventual cliff dive ... hoping for sunshine preparing for rain ...
Interesting.
I'm the opposite, ten to one bitcoin to fiat.
One man's risk is another's safe haven I suppose.
I would say the US dollar is one of the worst places to park your wealth, I am sure many in this forum agree. What about some gold and silver?
By the way, what taxes do you have to pay in the US when you buy silver? It's the full VAT in EU, so 20% in my case
Oh yeah, I've got some metals of course, though I'm underwater on my silver, but the paladium I picked up is doing very well.
Not sure about the U.S., but in Canada there is no tax on precious metals.
I should clarify also, it's not like I started out being ten to one invested into bitcoin, but like anyone else that's been around for a while, your investment ratio changes radically over time.
Still, I don't look at bitcoin as what is generally considered "real money" at this point. To me, it's just some numbers in a distributed ledger that may or may not have value in the future.