Stocking up on bitcoins

[Mountain trapper]

I like investing in real currency. I just bought a really nice 1804 half cent. At least I can hold it.....

Nice. I also invest in US currency and coins. Right now I'm looking at buying an 1899 $5 silver certificate, cheif note. And a $10 Bison note.

 

[Brent S]

Nice. I also invest in US currency and coins. Right now I'm looking at buying an 1899 $5 silver certificate, cheif note. And a $10 Bison note.

I’ve collected coins since I was a boy. Not only is it an interesting hobby but it’s pretty liquid as a savings account too. I never learned much about paper currency though. I’ve been reading more news about it though talking about it’s increased popularity. The one thing I’ve learned about collecting is it’s a better investment to go for quality over quantity. I’d rather have 10 coins that are really nice than 100 average ones.
I went to a monthly coin show just north of Atlanta yesterday. There were several paper dealers there. It’s a pretty good show with about 35 dealers each month. The best one I used to go to was the FUN show in Orlando. It was huge. You could find anything there. eBay has really changed and enriched collecting but I still like to talk with dealers and visit shows.

 

[backandbeyond]

I´ve sometimes thought about investing in Titanium which is not just shiny but also super-hard.

That's one of it's downsides, it makes it incredibly hard to work, not something you could use in a small fabrication shop. I doubt there are many places you could sell it in the future.

Because titanium has such a high melting point, the temperatures required for this process are extremely high and it is thought that the conversion of the metal to ingots accounts for around 30% of the cost of the entire process. A lot of energy is needed and the process is labour intensive. The strength of titanium means the process is slow and once the finished product is done around 90% of the original material has been lost. When used in the aerospace industry, for example, 1kg of finished titanium has come from almost 11kg. Titanium why is it so expensive?

 

[DrHenley]

I´ve sometimes thought about investing in Titanium which is not just shiny but also super-hard. After a collapse in the economy I think this could make it valuable, more so than gold or silver.

Pure titanium is NOT very hard, approximately 80 HRB.
Putting that into perspective, cheap Chinese knives using 420 JS steel go up to 120 on the HRB scale (55 HRC), and that is the very top of the HRB scale. High carbon heat treated steels use the HRC scale because they are off the HRB scale.
0 HRC = 81 HRB. In other words, titanium is not even on the HRC scale.
It's the alloys of titanium that get super hard. Pure titanium is very tough and corrosion resistant however.

 

[Schattentarn]

Bitcoin has no intrinsic value. It is a tulip craze and those don't end well.

https://en.wikipedia.org/wiki/Tulip_mania

 

[Schattentarn]

If you want a 21st century investment and trust stocks, why not invest in rare earth mining?

 

[backandbeyond]

Bitcoin has no intrinsic value. It is a tulip craze and those don't end well.

https://en.wikipedia.org/wiki/Tulip_mania

It's that alright, and looking at the chart it just made a double top and is on the long ride down down down. A lot of us learnt from the 2000 tech stock bubble but the small investors in this one were in nappies back then.

 

[backandbeyond]

Bitcoin just went passed $60,000 today.

You called the top Bill
It's $32,000 now. Hodlers must be getting very nervous, especially the ones who bought in on their CC's

 

[DrHenley]

"The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like 'get rich quick' funnel designed to extract new money from the financially desperate and naive,"
- Jackson Palmer, a developer who helped to create the cryptocurrency Dogecoin in 2013