Quote from: MatTheCat on May 25, 2014, 06:06:34 PM

Quote from: piramida on May 25, 2014, 05:56:05 PM

The only reason I (and anybody else who understood what bitcoin is) trades here is to have more coins, period. You don't "panic cash out" because the only time you panic is when you are in fiat. Now go ahead with your childish insults about "koolaid foaming" or whatever suits you. But maybe instead you should try and understand?

I heard all this kind of thing from Silver Stacker right through 2010 - 2013, and I admit I was bought and sold on it. The Fed is creating money out of thin air, this will cause hyper inflation and soon the people will demand a return to real money which means gold n silver will go through the roof as the USD hegemony collapses.

At first, the delusional paradigms that I bought into were rewarded. Then the markets topped out, but I held out as I watched over 120% gains turn eventually into 30% losses (on silver, gold not so bad). I still have all the physical metal that I bought. I could get the same amount of metal today for a good bit cheaper. On the otherhand, the penny did start to drop with the 'digital' silver that I purchased on the precious metals 'bottom' back in 2012, which I offloaded most of before I took another good beating on that.

I have seen all this before and have been victim to the exact same kind of paradigms that the majority here are victim to. If you guys turn out to be right, then believe me, it will be through pure chance. If I am right, it will be because I know I am right beforehand to the best of my abilities.

I do think Bitcoin is quite a different investment from metal though. Different properties.