Quote from: MatTheCat on September 07, 2016, 04:00:56 PM

Quote from: Wexlike on September 07, 2016, 02:54:01 PM

Cold storage has no 'counter party risk'.

Cold storage has the counter party risk, of whether tokens on given crypto network continue to be worth anything at all.

What if there is so much scandal and shenanigans on the Bitcoin exchanges, that the market turns away from Bitcoin in it's droves?

What happens if there is some reason for the Bitcoin network to go down?

What happens if a competing crypto renders Bitcoin obsolete (likely to happen one day)?

Or in the case of global conflict, what happens if internet connections across the globe, go down. What happens if an EMP bomb explodes near one of the major Bitcoin mining farms in China?

Crypto is riddled with counter party risk, in that holders of Bitcoin are relying upon so many factors and actions of others, that are totally outwith their control, but which could decide whether their invisible digital tokens have any value at all. Gold isn't like that. Gold is gold. Gold is real wealth right down to it's very core, always was and always will be, regardless of what temporary and doomed to failure makeshift value exchange token system that mankind happens to have gotten itself entangled with.

So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?

just a quote from warren buffet:

"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

if you want more go there :

http://www.minyanville.com/trading-and-investing/commodities/articles/Warren-Buffett-brka-gold-investing-investing/10/3/2012/id/44617

There is no fucking stock, commodity or whatever you want that is perfect, sorry mat, but you won't get rich quick

EDIT : the more time goes on, the more it looks like drugs are destroying you