Quote from: kik1977 on March 04, 2014, 08:40:42 AM

Just curious, I would you pay for your daily expenses? In your area, are you able to buy everything you need with bitcoins?

Quote from: atc1 on March 04, 2014, 10:21:01 AM

Quote from: kik1977 on March 04, 2014, 08:40:42 AM

Just curious, I would you pay for your daily expenses? In your area, are you able to buy everything you need with bitcoins?

This. Fiat is irreplacable in daily life as of now. How are you managing it?

Good questions. I am still paid in fiat, of course, by my employer. My plan from here on out is to use only what's needed for day-to-day spending in fiat, as my area is not BTC enlightened (although I have bought/sold on craigslist in BTC). Anything extra, that I would have traditionally put in a savings account, is going into real assists (ie. Bitcoin/miners, gold, improving my house, etc...)

Quote from: superresistant on March 04, 2014, 09:55:24 AM

Hi dre_2ooo,

I am 100% into cryptocurencies. No fucking FIAT.

Are you an expert of gold ? I would like to get some advices about it.

Did you get coins or bars ?

What about silver ? People say that it has more potential than gold. Is that true ?

What about other precious metals ?

Thanks.

Good for you!

I am not an expert, but I did a lot of research online. I decided to buy physical gold, not paper bullshit. I just went to my local coin shop and picked up some American gold eagle coins. I used an accurate pocket-scale and a set of digital calipers to verify they were the correct dimensions and weight (nothing is denser than gold, except some radioactive metals). Then I held each coin on a finger and lightly tapped it to make sure it gave out a beautiful long-lasting ringing noise at the same frequency I heard on Youtube videos. I am paranoid as I have seen lots of articles and posts about Chinese counterfeit gold, so these tests satisfied my scrutiny. Plus, the shop has a good reputation and has been in business over 25yrs.

I don't know anything about silver, other than it is much easier to fake and more volatile in the market. I only wanted gold since it has been the go-to source of intrinsic value since the dawn of man.

Quote from: miketonic on March 04, 2014, 10:54:10 AM

Quote from: kik1977 on March 04, 2014, 08:40:42 AM

Just curious, I would you pay for your daily expenses? In your area, are you able to buy everything you need with bitcoins?

This is very interesting. I think living without FIAT isn't possible yet, but is it? Your moves seem nice and it's good that you have some diversification, but why would you say that stock markets are more unpredictable than BTC or metal markets? One thing in stock markets is that you gain more capital annually trough dividends. Your gold coins however don't get any bigger. Don't get me wrong, I own physical gold too, but I'm just interested why you don't see stock markets as part of diversification.

Stocks are volatile, to me, since they are subject to the whim of the banksters and fed. Inflation rises? Stocks rise. Some bubble pops? Stocks fall. Dollar collapses? Stocks fall. The Fed is printing 40 Billion (with a B) USD per month to buy bonds to try and emulate a negative interest rate. This exponential growth can't last. When the Dollar collapses, it will bring all the world's markets down with it.

Gold, real estate, firearms, long-storable food, and BTC should be safe from these collapses, albeit they won't earn you the same rate of return as the market... (except BTC, that'll go to the moon, of course Cheesy

). The market is run by the fuckers that want us all to stay enslaved in the debt fiat bank-run oligarchy disguised as "Republic Capitalism." More than the above points, my heart-felt believe about not wanting to be a cog in that debt machine keeps me out of the markets. The notion that you must keep your money in their controlled and insider-manipulated stock system to keep your bank notes from losing value over time because their rigged fiat-printing insolvent money policy is not even a store of value makes me sick. I'll have no part of it, thank you.

Quote from: acoindr on March 04, 2014, 02:54:31 AM

Congrats!

In a world fiat debt based system, to determine true wealth it's not how much money you have, but how little you owe. Once one becomes debt free (surprisingly rare) then it's a measure how far into the positive you go with real assets, e.g. houses, land etc.

Thank you!

. It feels like pure freedom! I have worked so hard and been so disciplined to save up for this day. It's ironic, though, how I had to be part of the system by taking out a loan for a house to acquire the house, so I couldn't have gotten to this point without monetizing debt. Weird.

Quote from: bitvestor on March 04, 2014, 11:22:50 AM

Quote from: acoindr on March 04, 2014, 02:54:31 AM

Congrats!

In a world fiat debt based system, to determine true wealth it's not how much money you have, but how little you owe. Once one becomes debt free (surprisingly rare) then it's a measure how far into the positive you go with real assets, e.g. houses, land etc.

This is the true quote right here, i am debt free because of bitcoins surprising but true and i trust bitcoin more everyday and not about the value anymore, weather the price is down or high its always a saviour to me..
The only thing one faces now, which i see now as un-escapable is TAX, from purchased houses rented or for other commercial purposes, the govt always find a way to hit back at us but i see a bright future with bitcoins even if all i have is bitcoins and no fiat i will always be hopeful.

Good for you! Yes, taxes are inescapable. It makes me angry to even think that the income tax was invented to help pay off the goddamned interest charge the gov't owes the Fed. I'm all for building roads, schools, fire dept., etc..., but fuck that bullshit --my fucking wages are going to payoff some rich 1% private banksters' interest charge (.25% currently of all the money printed, every day).

dre_2ooo

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