while waiting for this SHTF situation that may or may never happen
Everything I have still has the exact same resale value as if I purchased it any other time in history.
Go buy a loaf of bread with a crypto coin or a gold coin. Go, do it. Tell me how much value you can get out of it.
Until then crypto and metals is just as relevant.
Such assets have never been relevant in your lifetime. They're just fuzzy money no one has any idea the value of. Everyone I know who invested into crypto has lost a minimum of $5000. Some bought in on the ground floor. A guy today just told me Bitcoin is a third the value of its high.
Gold and Silver are paperweights right now. They may be useful if we go back on a gold standard, but they're worth less than eggs right now because you can't buy eggs with them right now.
I see things for their inherent value, not their assumed value. If I can fell a tree, hew a board, and trade the board, a hatchet, saw and plane have the value of hundreds of hewn boards.
I can do nothing with a USB loaded with crypto or a gold coin. Until they are transmuted into something of worth, they are paperweights, and bad ones at that.
At least Gold and Silver make good conduits if I need to melt them down for wires. I can't even do that with crypto.
As far as I'm concerned, crypto, whether it started legitimately or not, is nothing more than a Bank-run exit plan from fiat currency. And they just tapped out, as demonstrated by it's sudden and unexpected decline in value despite everyone's predictions. The "it can only go up" folks just showed their ass, and you're not gonna convince me to buy on a dip where the minecart rails end abruptly pointing into a pit.
I'm not "missing out" because I'd simply rather invest in what I can trade out any day of the week, zombie apocalypse or no. People will always need tools. The Capitalist in me knows you can buy a house starting with a traded paperclip. That's where I put my money.
Go buy a loaf of bread with a crypto coin or a gold coin. Go, do it. Tell me how much value you can get out of it.
Crypto works great, lot's of local businesses accepting it, gold is harder tho, I haven't found a place that takes it yet. I just don't see the point you're making, if you're gonna hoard tools and stuff with actual value, why would you want less of those tools while at the same time feeding the enemy, when you can have more tools and at the same time tell the enemy to fuck off, risk free.
What I'm saying is, I've been seeing a lot more crypto and gold being advertised on forums and boards like this than ever before.
The more people who buy in, the less value something has for those who can only afford a small amount.
Whales ALWAYS benefit more than anyone else. Which gives them incentive to push the asset. Every time I see a "invest in crypto and gold guys, really do it, plz! You can do it irhg tnow. Come one" I see a whale trying to justify their purchase and get more to jump on all for the sake of increasing the value in their own stake.
I've yet to see people advertise in the same way for hand and power tools. One thing I've learned watching stocks all these years (while never investing a dime) is that any asset that's advertised is getting ready for a massive dip. You don't put money and time toward advertising an asset when you could use that same time and money to buy all of it up when the getting is good.
If you find a hill full of gold, you don't go off and tell people to come and get it. You get your fill of gold and keep your mouth shut -- slowly selling it off so people don't figure out your methods and ruin your cash cow.
The more people who buy in, the less value something has for those who can only afford a small amount.
Isn't this true for everything that's scarce and valued by supply vs demand? Also, a lot of this value increase is due to the true dollar inflation, people are less willing to take something that drops in value in exchange for something that will hold or go up in value over time.
Whales ALWAYS benefit more than anyone else.
Whales are in every market, they buy low and sell high, so of course they're gonna benefit from all the idiots that does the opposite.
I've yet to see people advertise in the same way for hand and power tools.
Agreed, it's almost like people haven't figured out why they would need such tools, especially hand tools and mechanical stuff in general. We shouldn't rely too much on electricity as long as we can't generate it easily.
If you find a hill full of gold, you don't go off and tell people to come and get it.
This is true for crypto too, honestly, when was the last time you saw ads for crypto mining? Sure hardware manufacturers may advertise, but that's no stranger than CAT, Volvo or Atlas Copco advertise their machines.
Everything I have still has the exact same resale value as if I purchased it any other time in history.
Go buy a loaf of bread with a crypto coin or a gold coin. Go, do it. Tell me how much value you can get out of it.
Such assets have never been relevant in your lifetime. They're just fuzzy money no one has any idea the value of. Everyone I know who invested into crypto has lost a minimum of $5000. Some bought in on the ground floor. A guy today just told me Bitcoin is a third the value of its high.
Gold and Silver are paperweights right now. They may be useful if we go back on a gold standard, but they're worth less than eggs right now because you can't buy eggs with them right now.
I see things for their inherent value, not their assumed value. If I can fell a tree, hew a board, and trade the board, a hatchet, saw and plane have the value of hundreds of hewn boards.
I can do nothing with a USB loaded with crypto or a gold coin. Until they are transmuted into something of worth, they are paperweights, and bad ones at that.
At least Gold and Silver make good conduits if I need to melt them down for wires. I can't even do that with crypto.
As far as I'm concerned, crypto, whether it started legitimately or not, is nothing more than a Bank-run exit plan from fiat currency. And they just tapped out, as demonstrated by it's sudden and unexpected decline in value despite everyone's predictions. The "it can only go up" folks just showed their ass, and you're not gonna convince me to buy on a dip where the minecart rails end abruptly pointing into a pit.
I'm not "missing out" because I'd simply rather invest in what I can trade out any day of the week, zombie apocalypse or no. People will always need tools. The Capitalist in me knows you can buy a house starting with a traded paperclip. That's where I put my money.
Crypto works great, lot's of local businesses accepting it, gold is harder tho, I haven't found a place that takes it yet. I just don't see the point you're making, if you're gonna hoard tools and stuff with actual value, why would you want less of those tools while at the same time feeding the enemy, when you can have more tools and at the same time tell the enemy to fuck off, risk free.
What I'm saying is, I've been seeing a lot more crypto and gold being advertised on forums and boards like this than ever before.
The more people who buy in, the less value something has for those who can only afford a small amount.
Whales ALWAYS benefit more than anyone else. Which gives them incentive to push the asset. Every time I see a "invest in crypto and gold guys, really do it, plz! You can do it irhg tnow. Come one" I see a whale trying to justify their purchase and get more to jump on all for the sake of increasing the value in their own stake.
I've yet to see people advertise in the same way for hand and power tools. One thing I've learned watching stocks all these years (while never investing a dime) is that any asset that's advertised is getting ready for a massive dip. You don't put money and time toward advertising an asset when you could use that same time and money to buy all of it up when the getting is good.
If you find a hill full of gold, you don't go off and tell people to come and get it. You get your fill of gold and keep your mouth shut -- slowly selling it off so people don't figure out your methods and ruin your cash cow.
Isn't this true for everything that's scarce and valued by supply vs demand? Also, a lot of this value increase is due to the true dollar inflation, people are less willing to take something that drops in value in exchange for something that will hold or go up in value over time.
Whales are in every market, they buy low and sell high, so of course they're gonna benefit from all the idiots that does the opposite.
Agreed, it's almost like people haven't figured out why they would need such tools, especially hand tools and mechanical stuff in general. We shouldn't rely too much on electricity as long as we can't generate it easily.
This is true for crypto too, honestly, when was the last time you saw ads for crypto mining? Sure hardware manufacturers may advertise, but that's no stranger than CAT, Volvo or Atlas Copco advertise their machines.