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Old 07-01-2017, 11:20 PM  
ruff
I have a plan B
 
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Join Date: Aug 2004
Location: Seattle - Miami - St Kitts
Posts: 5,501
Quote:
Originally Posted by Barry-xlovecam View Post
You can make money off of any commodity volatility. I heard stories as a boy of guys who horded rubber tires and sold them at prices way above their worth during the Second World War. There was a scarcity of raw rubber, Japan had occupied the rubber producing countries in Asia. Neoprene (synthetic) rubber was not invented yet.

But rubber tires did have utility -- they were a useful commodity in trade.

Digital currency is 'air' it has little if any utility. If you can make money off of speculation -- that's fine --but don't cry if you get burned.
You either converted mining 'air' and electricity expended into a new form of air;or,
If you purchase digital 'currency' assets with hard asset national currency -- you are buying air with real cash -- keep that in mind.

Good luck to the winners ...

Tell that to the people in Venezuela. All they have is Bitcoin.
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