dannyf
Members-
Posts
691 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Everything posted by dannyf
-
You just put into words what I've been feeling for a long time, especially from some vocal people on this forum. And I'm not even going to comment on the anti-Israeli, pro-Hamas, pro-terrorist, pro-Iran, essentially pro-jihad (whether you think it or not) sentiment because its pointless trying to talk to anyone with those views.
-
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
Don’t worry, 3% is nothing like crypto 😅 -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
There was mention just today of a section on the other forum (the one many people moved to a few years back) for people buying/selling silver. Don’t know how trustworthy it is though. -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
Again 😂 keep getting my hopes up. $2,330 -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
Not quite. Think you have a typo in the $ price -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
I bought Sibanye at a range of $2.50-$3.00. Really wish I’d sold at $20, but I’m still 100% up overall before quite decent dividends -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
Emperors -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Not for @stud 😂 -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Biggest longest bull market in history and he only knows people who lost money 😂😂😂 -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Thank you. For now I will stick to 50% ledger, 50% offline armory. Tried and tested. I won’t upgrade my ledger firmware until forced, and even then will not use the feature that exports keys. And it rarely gets accessed/connected anyway. But I’ll have a read to know some options in case I revisit it -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
You are so dense/brainwashed that you don’t for one second consider you might be wrong. It’s sad to see. You are the one who seems scared. Scared that you made a decision to invest in sound money, and then a better one came along and you missed out due to stubbornness. Exactly. Most of us are diversified. Although investing in wine would result in a 100% loss for me. -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
I think it’s a fair strategy to hold gold as insurance in case of the scenarios you expect - world going to shit, Bretton woods etc. I just don’t think that means it’s good for long term investing or that slow and steady wins the race. I’d disagree that most people buy high and sell low over a long term investment timeline. Most people invest a fixed amount through their pension, or in an additional account on a regular basis such as monthly, and so over the long term will pick up more units on dips in price (volatility). I was talking only about long term investing in gold vs stocks. I think it’s worth holding some gold, but I wouldn’t overdo it over a long timeframe because slow and steady simply won’t keep up. Bitcoin is another topic but I’ll leave that to the other thread -
S&P 500 closes above 5000 for first time
dannyf replied to VancouverGuy's topic in House prices and the economy
Your post was honestly a bit confusing. Every other percentage in your post was actual returns or losses, but you compared them to the change in return for global equities instead of just specifying the percentage for that as well -
Gold strategy in the current economy
dannyf replied to Lepista's topic in House prices and the economy
I don’t agree. For a medium to long term investment horizon (i.e younger people), you are better off holding higher risk but higher growth assets, and volatility can be very beneficial because it allows you to accumulate more during dips. In my opinion what you said only makes sense if you already accumulated a lot and want to protect it over the longer term. E.g. you inherited a lot, or want to leave what you earned to your kids etc. -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
-
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Man joins bitcoin thread and is shocked to find people who support bitcoin discussing bitcoin -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
We don’t need or want you to buy it. Keep your fiat, it’s the only money worthy of your intelligence -
Good riddance to negative rates, ZIRP is dead
dannyf replied to cdd's topic in House prices and the economy
Why would you pay with cash if you think rates are going back down? Surely it’s the cheapest money you could ever borrow and could invest elsewhere. Maybe you aren’t as sure as you make out -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
For many people it’s not a pointless asset. But keep shouting that into the wind if it makes you feel better about missing out. -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Thankfully nobody ever lost money in stocks, gold, fiat, art, classic cars 😂 -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
You can have a credit card/banking like system on top of bitcoin with that feature if it’s desired, but you don’t want the underlying money itself to be reversible, just like cash isn’t reversible and gold isn’t reversible. Trustless money is impossible if you have to trust someone won’t reverse transactions -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
It is bought and sold by humans who are trying to predict the price action caused by the actions of other humans. So yes, being the future of money does not make it immune to human behaviour -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
You can add me to your list of people. I’ve bought hard drives with bitcoin from newegg.com in the past. I’ve also paid for VPN service with bitcoin. I didn’t find it expensive or slow. In fact it was confirmed on the blockchain much much faster than a credit card transaction is finalised and no longer reversible. And it was much cheaper than the 1.5-3.5% credit card merchant fees. Of course, given Greshams law, I did immediately add back to my balance via Coinbase using depreciating fiat. -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Give it another year and you’ll be a believer 😜 -
The Bubbly Bitcoin Thread -- Merged Threads
dannyf replied to NatterJackToad's topic in House prices and the economy
Where to start with this…. You seriously don’t have a clue. There’s only two reasonably simple things to understand to understand bitcoin/blockchain, hashing and public key encryption/signing. Do some reading. And bitcoin is open source. It doesn’t matter who created it, that’s one of the main points!