/biz/ - Business & Finance

>>3414129
>I highly doubt any of your story.
Some of the coins I traded.
China Panda and Perth mint stuff always turned out very good since you could buy the current year close to spot price but many series would gain some collectors value in addition to appreciation from metal price due to silver and gold bull market at the time.

>>2635890
Then I figured I had much better opportunities to become rich with crypto because al the good collectors' coins are already hoarded by rich people and Gold is stored up in central banks. It's like a rigged game where even if gold and silver succeed the central banks are still king because they own most of it.
Crypto, on the other hand, is a new realm.

my stack before I went all in BTC

>>1161981
Seriously.

Like 10 years ago, flight would have been into precious metals, but this shit is boring and has so many disadvantages.

1. It's immobile as fuck. Especially silver (I once traveled by train with 30kg of silver in my bags. The wheels of the bag almost broke)
Similar problems with gold. Try to travel between Europoor and US and see how far you get with your bars or coins...

2. Supply can be controlled by the government and taxed.

3. Illiquid as fuck for private persons. If you want to buy or sell fast you can't just go directly to the exchange. So either sell with huge discount to a dealer or try to sell to private parties which is very time consuming.
With crypto currencies I can leave a country very easily if it becomes to hostile or wants to tax my wealth.

E.g. I can have an encrypted copy of my walled on some server and can leave the country without any physical thing.

Or if I prefer to have a copy of the wallet with me I open the back of my laptop or smartphone and tape a tiny ass micro sd card inside the device (on the card will be a encrypted wallet). I could leave the country with a billion Dollar worth of Bitcoin on the SD card taped in my smartphone and nobody would know.