Bitcoin Vs. Gold Future Money Trends

Bitcoin vs. Gold: The Future of Money – Peter Schiff Debates Stefan Molyneux

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Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Moly...

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Stefan Molyneux debates Peter Schiff on Bitcoin vs. Gold: The Future of Money

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Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux

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Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux

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Bitcoin vs. Gold the Future of Money | Peter Schiff Debates Stefan Molyneux

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Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux

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Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux - YouTube

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Raoul Pal and Michael Saylor's Bitcoin vs Ethereum analysis is deeply flawed, and here is why.

Regarding the Bitcoin vs Ethereum narrative
Allocating capital in Bitcoin but not in Ethereum is a bet that the planned road-map for Ethereum will not be successfully implemented and/or its economic properties will not function as designed once the final phase of ETH 2.0 goes live. The combination of PoS, sharding and EIP-1559 will allow for a monetary policy that can sustain the system with zero, possibly negative, issuance. Detailed explanations of how this is possible has been documented through numerous interviews and blogs with developers and pundits. We also must take into consideration that even if the issuance is above zero, the returns from staking Ether must be accounted to compare the long-term holding value proposition against something like Bitcoin. If the staking rewards provide ~3% annual returns and issuance is ~2% then the equivalent issuance for a PoW protocol would be ~-1% (this will never happen in the Bitcoin protocol).
Addressing the claim that Ether is not money
The narrative that Ether is not money because the Ethereum protocol is not designed to exclusively function as money is akin to saying that the Internet is not a good emailing system because it is not exclusively designed to transmit emails. This type of narrative is trying to restrict the definition of money by suggesting that its underlying protocol should not have functionality that extends beyond the conventional way we think of it. The reality is that Ethereum is much better suited for a digital economy - Ether is its native monetary asset. The ability to issue other forms of digital assets and execute computer logic in a trustless unified system with a natively defined monetary asset encompasses all the fundamental building blocks of a future digital economy. This is a future where monetary, financial and information systems can take advantage of the inclusiveness, permissionless and trustless aspects that are central to the Bitcoin value proposition.
The Ethereum protocol is designed to do a lot of wonderful things, but it costs money to operate the network and that cost must be covered by something of value that can be easily liquidated or exchanged into other things of value.... otherwise known as money. The idea that Ether is more akin to oil than gold/money just because the price metric for computations is called "gas" falls apart under scrutiny. Ether is strictly used as a monetary incentive. It is not magically burned to propel a fictitious machine that runs the network... the computers that run the Ethereum network run under the same physical principles from the ones of Bitcoin - they consume energy and someone has to pay for it. It just so happens that the monetary rewards and cost of transactions operating the Ethereum network are done exclusively in Ether, and therefore it serves as a monetary base. In addition, Ether has been used as the monetary base for the acquisition of other digital assets during their ICO phase. Lastly, Paypal has revealed they will be including Ether as a means of payment for online merchants. Saying that Ether is not money is like saying the sky isn't blue.
Additional thoughts
  1. The combination of staking, EIP-1559 and sharding will allow ETH to reduce issuance ahead of Bitcoin's schedule. It is very likely going to allow for sustainable zero issuance which is something that is still up in the air for Bitcoin.
  2. The switch from PoW to PoS will dramatically reduce the operational cost of the network while incentivizing ownership of Ether. The reduction in operational cost is a huge factor contributing to a sustainable monetary policy.
  3. The true soundness of Ether as a store of wealth needs to account for the returns from staking. That means that even if the nominal issuance remained higher than Bitcoin, it could still a better investment when you account for the staking returns.
  4. Ethereum can operate as an entire financial system. It allows for issuance of new tokens and it can operate autonomously as a digital assets exchange... so that means that it can be an exchange for tokenized FIAT currencies, cryptocurrencies, tokenized securities and commodities. Think of a global market for stocks, commodities, future contracts and derivatives.
  5. The integration with digital assets is done natively in one network. Ethereum serves as a native monetary asset with sound properties. Tokenized bitcoins would not only significantly reduce security (value would be lost if EITHER network is compromised) it also makes little sense if Ethereum's soundness (staking - issuance) is superior to Bitcoin.
  6. There are a gazillion more use cases for Ethereum that would benefit from having a natively defined monetary asset.
  7. Ultimately Bitcoin might serve as digital gold as a hedge against Ethereum. So they can coexist, but they are still competing with each other in terms of building value. Every investor who is getting into cryptocurrencies should be asking what assets to buy and why. Money allocated to Bitcoin cannot be allocated to Ethereum and vice-versa.
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Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
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Raoul Pal and Michael Saylor's Bitcoin vs Ethereum analysis is deeply flawed... here is why.

Regarding the Bitcoin vs Ethereum narrative
Allocating capital in Bitcoin but not in Ethereum is a bet that the planned road-map for Ethereum will not be successfully implemented and/or its economic properties will not function as designed once the final phase of ETH 2.0 goes live. The combination of PoS, sharding and EIP-1559 will allow for a monetary policy that can sustain the system with zero, possibly negative, issuance. Detailed explanations of how this is possible has been documented through numerous interviews and blogs with developers and pundits. We also must take into consideration that even if the issuance is above zero, the returns from staking Ether must be accounted to compare the long-term holding value proposition against something like Bitcoin. If the staking rewards provide ~3% annual returns and issuance is ~2% then the equivalent issuance for a PoW protocol would be ~-1% (this will never happen in the Bitcoin protocol).
Addressing the claim that Ether is not money
The narrative that Ether is not money because the Ethereum protocol is not designed to exclusively function as money is akin to saying that the Internet is not a good emailing system because it is not exclusively designed to transmit emails. This type of narrative is trying to restrict the definition of money by suggesting that its underlying protocol should not have functionality that extends beyond the conventional way we think of it. The reality is that Ethereum is much better suited for a digital economy - Ether is its native monetary asset. The ability to issue other forms of digital assets and execute computer logic in a trustless unified system with a natively defined monetary asset encompasses all the fundamental building blocks of a future digital economy. This is a future where monetary, financial and information systems can take advantage of the inclusiveness, permissionless and trustless aspects that are central to the Bitcoin value proposition.
The Ethereum protocol is designed to do a lot of wonderful things, but it costs money to operate the network and that cost must be covered by something of value that can be easily liquidated or exchanged into other things of value.... otherwise known as money. The idea that Ether is more akin to oil than gold/money just because the price metric for computations is called "gas" falls apart under scrutiny. Ether is strictly used as a monetary incentive. It is not magically burned to propel a fictitious machine that runs the network... the computers that run the Ethereum network run under the same physical principles from the ones of Bitcoin - they consume energy and someone has to pay for it. It just so happens that the monetary rewards and cost of transactions operating the Ethereum network are done exclusively in Ether, and therefore it serves as a monetary base. In addition, Ether has been used as the monetary base for the acquisition of other digital assets during their ICO phase. Lastly, Paypal has revealed they will be including Ether as a means of payment for online merchants. Saying that Ether is not money is like saying the sky isn't blue.
Additional thoughts
  1. The combination of staking, EIP-1559 and sharding will allow ETH to reduce issuance ahead of Bitcoin's schedule. It is very likely going to allow for sustainable zero issuance which is something that is still up in the air for Bitcoin.
  2. The switch from PoW to PoS will dramatically reduce the operational cost of the network while incentivizing ownership of Ether. The reduction in operational cost is a huge factor contributing to a sustainable monetary policy.
  3. The true soundness of Ether as a store of wealth needs to account for the returns from staking. That means that even if the nominal issuance remained higher than Bitcoin, it could still a better investment when you account for the staking returns.
  4. Ethereum can operate as an entire financial system. It allows for issuance of new tokens and it can operate autonomously as a digital assets exchange... so that means that it can be an exchange for tokenized FIAT currencies, cryptocurrencies, tokenized securities and commodities. Think of a global market for stocks, commodities, future contracts and derivatives.
  5. The integration with digital assets is done natively in one network. Ethereum serves as a native monetary asset with sound properties. Tokenized bitcoins would not only significantly reduce security (value would be lost if EITHER network is compromised) it also makes little sense if Ethereum's soundness (staking - issuance) is superior to Bitcoin.
  6. There are a gazillion more use cases for Ethereum that would benefit from having a natively defined monetary asset.
  7. Ultimately Bitcoin might serve as digital gold as a hedge against Ethereum. So they can coexist, but they are still competing with each other in terms of building value. Every investor who is getting into cryptocurrencies should be asking what assets to buy and why. Money allocated to Bitcoin cannot be allocated to Ethereum and vice-versa.
submitted by TheWierdGuy to ethtrader [link] [comments]

If yang really wanted americans to prosper...

If yang really wanted americans to prosper, he would re-establish the gold standard.
See, cash isn't scarce and without scarcity, the federal reserve sets the price of our currency. With scarcity, not only is our government limited to the amount of help given to the people, but the people must also show restraint in their lives. With gold, you can store your wealth as you are psychologically more likely to spend dollars vs gold. One ounce of gold is one ounce of gold 10 years later, whereas cash loses value over time due to the lack of restraint. This reduces the people's purchasing power and they seek security...in this case more government and social welfare. Let the sovereignty of sound money (gold) be the new standard. The Byzantine Empire lasted 1000 years using gold...look at our country burn and see the poverty take hold in the richest country in the world. Explain this if cash is better.
This is why Warren buffet dumped bank stocks and vested into gold mining stocks. This is the future of America whereas the rest of the world will need starlink and bitcoin.
Read the book "the war on gold" by Antony Sutton. It will change your perspective on what helping people means
More cash isn't the solution, less cash is. Gold is the people's money and always has been.
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Philly's Weekly Watchlist [LONG]

Since a few people appreciated my list last week figured I'd drop it again for everyone not just the few people that I constantly chat with
8/2 WEEKLY WATCHLIST
[P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ]
💸PENNIES💸
[💎-Long time gold][⁉️-Could go both ways][🚀Rocket Emoji-I think this is gonna shoot up][🔥-This is a HOT pick][⚠️-Already ran a bit be careful][👀-Watching this one closely]
🚀💸PENNYS💸🚀
$AMTX - Golden triangle. Looks to still have fuel in the rocket. $1.10-$1.15 imo isn't a bad entry. $1.12 is the WEEKLY support. Overall support is a freefall to $0.80 I expect a $1.40-$1.45 run. PR on Tuesday⚠️👀[Rocket Emoji]🚀
$BNGO - Big virtual booth Aug 4-5th. Huge biotech upcoming company. Support at $0.74 & $0.65. Resistance at $0.82 than $0.95. This could rip up with the right volume👀🔥 [Rocket Emoji]🚀
$AIM - Web conference Monday 1:30EST. I honestly see this hitting $5 in the long future but should run up Friday into Monday. About 70% shareholders are breakeven or at a loss. Decent support at $2.72. Godly support at $2.44. Resistance at $3/$3.35.💎🔥👀[Rocket Emoji]🚀
$ATNM - Balance sheet shows easily enough money for another quarter without an offering. Earnings Aug 7th. [Estimated 56% growth]. Sabby is playing with this[scary] but this monster "should" RIP UP! Support is $0.52-$0.54. Weak support at $0.57. Resistances at $0.61/$0.64/$0.68🔥👀[Twitter pumping this too]
$BKYI - African Contracts need to be finalized and this is gonna ZOOM ZOOM ZOOM! Had a single buyer with a 200k share bid at $0.75. Looks like it made a new support at $0.69 off old resistance levels. Seems to be rough resistance at the $0.71-$0.74 range . After that could run $0.77-$0.82🔥👀[Rocket Emoji]🚀 $BIOC - Insider buys 7/14 of 20k shares. Bullish uptrend. Decent support at $0.68, $0.63 $0.60. DEC 7th until for compliance. So decent amount of time still. I'm bullish AF to $0.80 Maybe $1. Broke $0.725 resistance. Talks of a RESPLIT THOUGH! 6/25 Golden Cross![Chart if you wanna see just ask]
$CHEK - 70% of shareholders at a lose. Mad support at $0.53 area. Above $0.61 I'd be super bullish. I see an ascending triangle. This baby wants to break out.Macd is setup perfectly. Volume Friday smacked it up. This company is REALLY dedicated to pushing for $1 for conpliance!🔥💎👀
$IZEA - AUG 18th Webinar. Tiktok partnership RUMOR?!?! Insane Support at $1.02. Small resistance at $1.47 I see resistances at $1.66👀🔥⚠️[Rocket Emoji]🚀🚀🚀
$SXTC - 99% Shareholders breakeven or at loss. Had Insane support at $0.40-$0.40 and broke down. New support is $0.36. Something tells me this is an EASY gap up to $0.42-$0.44 Low float🔥[Rocket Emoji]🚀
$JFU - UNGODLY OVERSOLD 90% Shareholders breakeven or at a loss. MACD setup on daily. Should EASILY gap up to $2.40-$2.60. BITCOIN PLAY🔥[Rocket Emoji]🚀
$MARA/$RIOT -BTC Plays. Mara imo is the better option. They are debt free vs RIOT 200m debt👀🔥⚠️ [Rocket Emoji]🚀
$ENZ- Has FDA approval noone else has this test. Monopoly. Schools testing. State colleges already buying them.98% shareholders are breakeven or loss! REVENUE UP 121% IN 2019. Looks to be at support at $2.35 beyond that around $2.08. Resistainces sitting at around $2.55 and $2.70.👀
$MYT - $0.40 Offering price. I wouldnt mind getting it around $0.38-$0.42. US store in trial phase.
$DLPN - FORSEE a HUGE gap up here! Support at $0.82 than a freefall to $0.49. SMALL resistance at $0.91. Than resistance at $1/$1.07. Had an offering at $1.05 2months ago.Only scarey thing is they might split due to compliance👀[Rocket Emoji]🚀
$LPCN - FDA Approval Aug 28th. This has been a CONSTANT RUNNER 💎🔥[Rocket Emoji]🚀
$BOXL - Offering closed Friday. PR is imminent. 99% Shareholders are at a LOSS! Chart looks like a BULLISH pennant.$2.20 is OKAY support. $1.70 is pretty strong support. $2.30 looks like the first soft resistance. $2.45 gets broken we could see a $3 Run👀
$ONTX - Made compliance on Friday. Massive support at $1.12. Dropping Twitter PR like wildfire. Resistance seems to be in $0.05 invervals starting at $1.20. Afte $1.45 Its a straight RIP up to $2.65👀[Rocket Emoji]
$IDEX - Looks like old$1.38-$1.40 Support is being rebuilt. Bullish as hell if this breaks $1.51. Earnings August 11th🔥👀[Rocket Emoji]🚀 💰HONORABLE MENTIONS💰 : $VERB - [Offering at $1.10 good around that price]$NAK $UAVS $MVIS $GAU[Gold mine]🔥 $PZG[Gold mine]🔥$JAN🔥👀
💰Non-Pennys💰
$MGM - EPS was BETTER than projected. Revenue in the gutter. Didn't have the sell off i thought. Still a good price LONG. MGM is 1/3 casinos with liscensing in Japan. By 2030 this should be a $40-$45 ticker💎🔥⚠️👀 [Rocket Emoji]🚀
$CZR aka $ERI - COME BACK KING! Hasnt been this cheap since 2017. THIS SHOULD RUN UP to $35-$38 shortly. Biggest casino/hotel chain in the WORLD after buying out caesars. Should be $70-$100 ticker by 2030-2035💎🔥⚠️👀 [Rocket Emoji]🚀
$O - MONTHLY dividend. [5% yearly] GREAT LONG term investment. 💎
$JMIA - Monthly MACD Setup so perfectly for this, Has been running lately but no where near pre-rona levels. HOPING FOR A SELL OFF TO TAKE A POSITION. Offering at $8.59 BUT its a shelf offering which means they don't have to sell it currently. This could drop down to that or continue its run until the offering block is dropped.👀⚠️🔥
$CNTG - Around 80-90% shareholders BREAKEVEN or at a LOSS!600 USA school+3 german airports so far.US mobile semi truck lab. So oversold its asking for change!🔥[Rocket Emoji]🚀
$WIMI - $8 OFFERING. I LOVE OFFERING plays without mass dillution<3 🔥💎 👀[Rocket Emoji]🚀
$SPAQ - Tons of pre-orders aka free revenue without advertising. This should take off like NKLA did eventually. 4hr chart approaching oversold. 94% Of shareholders at breakeven or loss! $10.60 is a strong af support. $13.95 is the first real resistance. If this breaks the $12.45/50 range SUPER bullish. Fisker dropping mad PR Hints on twitter 🔥👀[Rocket Emoji]🚀
🔥🌾Gold/Silver🌾🔥
$AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates🔥
$SLV - Long term silver hold🔥 $JNUG - 2x Gold/Silver Junior Miners 🔥
$NUGT - 2x Gold/Silver Miners🔥
$GLD - Long term gold holds👀🔥
🔮BET AGAINST THE MARKET🔮
$SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9%
$VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY🚀🚀
Newfilter.io [USE THIS SITE, LOVE THIS SITE, BEFRIEND THIS SITE] It gives live news [1-5mins delayed]. I refresh the FDA approval constantly and the latest news pretty often
PS. I have CALLS for $VXX [I believe market volatility/unsurity is going to SPIKE high as hell this week the longer the feds take with unemployment stimulus and the stimulus in general]
I have put spreads on $SPY I believe $SPY is going to drop for the above reason
submitted by Philly19111 to pennystocks [link] [comments]

An Intense Pursuit of a Wife, Wealth & Wisdom Rewarded with Charley Donaldson

An Intense Pursuit of a Wife, Wealth & Wisdom Rewarded with Charley Donaldson

An Intense Pursuit of a Wife, Wealth & Wisdom Rewarded with Charley Donaldson
Charley Donaldson is my guest. He’s a long-time friend and serial entrepreneur who has founded or co-founded five companies over the last six years. Today, he spends most of his time at the helm of two early-stage technology startups: CaringBand and DonationScout.
Charley describes himself as a fearless, yet paranoid entrepreneur. He says that he’s abandoned the easier road to career & financial success in search of his true calling.
I’ve known Charlie since we graduated from Cy-Falls High School together in 1998—Charley was our class’ quarterback. After high school, he poll vaulted at LSU before transferring to Baylor. One of the things that drives Charley is ensuring he didn’t peak in high school (no problem to this point).
In this episode, we recall our time at Cy-Falls. I ask him about his rivalry with Langham Creek star quarterback Joseph Smith. And why Charley ultimately chose track & field over football.
Charley’s now a husband, father of three—they live in The Woodlands, TX. We discuss the journey of his startup, CaringBand—from idea to market. Charley says he and his wife created the business after his mother-in-law’s successful battle with breast cancer in 2016.
This conversation was fun. Lotta laughs. Please enjoy!
Other topics discussed:
  • Why Charley decided to pole vault in college
  • The concept of progression
  • The effects of paranoia on Charley [as an entrepreneur]
  • Why athletes make for great entrepreneurs
  • High-net-worth individuals vs ultra HNWIs
  • Importance of vendor-partners in business
  • Crowdfunding by way of Kickstarter
  • CaringBand’s target customers
  • Male / female differences in decision-making
  • Networking after college
  • Charley is a risky investor
  • What it means to “step-up in basis”
  • What Charley’s typical day looks like
  • Charley’s biggest investment mistake
  • His daughter Kate’s brilliant idea
  • Brad’s future travel plans after baby
  • Warren Buffett’s leveraged investing
Questions asked:
  • Did you know coming into 9th grade that you’d be competing with the quarterbacks of other junior highs (Truitt, Watkins, Cook)?
  • What were your prospects of starting?
  • Did you feel a sense of unfairness when you got to 9th grade and you’re competing with guys that were older than you?
  • Did you have any opportunities to play beyond high school?
  • How does a kid decide to become a pole vaulter?
  • Were you recruited by many schools to be their pole vaulter?
  • What makes you paranoid [as an entrepreneur]? What does it lead you to do? How does [paranoia] manifest?
  • Why do you think it’s common for athletes to be entrepreneurs?
  • Can you talk about where the idea for CaringBand came from?
  • What’s considered high-net-worth vs. ultra high-net-worth?
  • When did you realize that you were going to seek outside investors [for CaringBand]?
  • Are there mistakes from other entrepreneurial endeavors that you were able to correct for this [CaringBand] concept?
  • How important is social media marketing?
  • How did you decide to go with Kickstarter?
  • Who’s your ideal customer [for CaringBand]?
  • Do you think it’s male / female differences that led you to a struggle with your wife?
  • Do you think transferring schools helped you to gain connections?
  • What were the conversations like in your house when you decided to become a full-time entrepreneur?
  • What is your overarching investing strategy?
  • Do you invest in any individual stocks?
  • What’s the biggest mistake you’ve ever made, investment-wise?
  • Do you teach your kids about money & investing?
  • Were you conscious about not coddling your kids and exposing them to the negative aspects of life?
  • Do you have to put reins on yourself sometimes from getting too excited/involved as a parent?
  • Have you ever felt an obligation to learn Bitcoin because of your clients?
Fun questions:
  • Is not wanting something as good as having it?
  • Did you have a high school sweetheart?
  • Social media – net positive or net negative for society?
  • When is the first time you logged on to the Internet and what did you do?
  • What is something you’ve learned from your kids that you share the most with people?
  • If somebody dropped $1 million in your lap tomorrow, what would you do with it?
  • If somebody gave you $100,000 tomorrow and forced you to invest in 3 companies: Apple, Amazon, and Tesla – how would you allocate those funds?
  • Same dollar amount, but you’re forced to allocate $100,000 toward gold or Bitcoin – how do you divide that up?
  • Do you have a favorite book?
  • Do you have a favorite podcast?
  • Who’s the best quarterback ever?
  • Overrated/Underrated: Maria Bartiromo, Jim Cramer, Mark Cuban, Randy Yost, DeShaun Watson, Bill O’Brien, Aaron Rogers
Connect with Charley:
submitted by man_overseas to u/man_overseas [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

FIRE: 2 years in, a few (more) reflections

Last year I wrote a reflection on my first year of FIRE. It got a lot of traction and seemed well liked so I thought I’d write the year 2 version… Here is the first one if you want to see it:
My background: I’m a scientist in my mid 40’s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my “no job, no consulting” periods in the late fall (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold my holdings in December 2017 (not at the peak, but close) for about 1.5M. I had saved a shit-ton of money over the years (almost 1M) because I never spend other than buying/fixing up my house. The FIRE idea was natural to me – I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didn’t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured I’d try being unemployed, maybe call it “semi-retirement”? With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. Since retirement my portfolio has grown an additional 10% (after my living expenses) to 4.4M.
Reflection 1: I’m not scared of the market anymore
Maybe “scared” is too strong a word. Right after I quit my job, the market started dropping. Everyone says “don’t watch the market” but I couldn’t help it. I JUST STARTED the next phase after all. Well, everyone is right – ignore that shit. I felt a little bit off at first – and I mention that in the first post last year. Now… it truly is not a big deal to me, I just grab the data once a month because I like to track it. I have a balanced portfolio and plenty of time. Not worth the sweating over. I feel I am truly ready for whatever the next real drop ends up looking like.
Reflection 2: I’m used to the lack of cash flow now
After watching my bank account grow twice a month, and having to move money into investments every so often, I got used to it. Not having that as part of my financial journey anymore felt weird. Having to take cash (from dividend payments – this is my primary cash flow source now) out of my account to fatten up my bank account felt super weird (money goes IN there, not OUT from there.) I had tracked my spending for several years prior to FIRE, and now that I am there I also tracked it and I basically spend the same amount so moving cash to the savings account every once in a while is the new norm.
Reflection 3: I’m willing to spend some of that money (wisely) now
At first I felt a little bit poor again – the money inflow was slow, new, weird. I didn’t want to mess it all up somehow. I’ve never been a big spender to begin with, but it felt like I was “on a special budget” or something. Why the hell would I FIRE if it meant I had to act like a pauper to do so (respect to my LeanFIRE friends, but that’s not my deal)? So now I’m willing to dip in a bit to make things work for how my life is shaping up post-work. I moved to a new city (renting) and rented out my house back in the old city. I’m considering buying a house here. I might sell my other house in a few years. I have options and the money makes those options broader. I might not execute these moves with economic perfection, but the money I have makes me feel like some slippage is not going to wreck me. Up until now, I have considered the brokerage stocks to be on untouchable lockdown. That is no longer the case if I can convert the money into what I need to be happy here in this new city – and I realize now that I really hate renting.
Reflection 4: Sometimes I feel like it isn’t quite enough (how the fuck)
Some people will always complain that their lump of gold isn’t big enough, and I tend to think those people are pain in the ass jerks. That said, I realize that there are times I wish I had a bit more… to put into special projects or pursuits that did not dip into my block of savings. One Idea I have had is to do some pick-up work and use 100% of that money for special projects and no savings. I haven’t quite figured it out yet, as these are just ideas right now, but the big revelation is that I thought I’d be done with feeling like I needed (“wanted” is a better word honestly) any more money but if I am being honest, that is not the case.
Reflection 5: I thought I might want to do some work – I was right
I took on a little work, but not too much. I helped a friend define and scope out a professional pivot and we figured out a way to do some additional work together. Working with him after 16 months off was really fun, and reminded me that I have some pretty cool superpowers that others do not. I think maybe you get so used to doing your thing in your groove that it becomes hard to take a bystander view. Applying myself to his situation which had some overlap to my old work but was also novel in many ways, and adapting my strategic consulting on the fly was quite satisfying. Drinking whiskey while consulting might have helped. That kind of work makes me feel a particular kind of excitement that I don’t get in other places. I need to learn how to tap into that more.
Reflection 6: It’s ok to do nothing sometimes
While I always had a great work ethic, I’ve never been a person to endlessly grind. I appreciate quiet reflection time, or do nothing except stare at the water time. Now that I am FIRE, and only working every once in a while (seriously – not a lot) I can forgive myself if a day or more goes by and I haven’t done anything particularly useful. I no longer view it as “wasting time”. I also think of all the days I went to work, mucked with emails, cranked the levers of industry, and went home, made a fire and drank a beer and ask “how different, to me, truly, is what that was vs. what this is from a personal growth, usefulness, or other internal concept?” The answer is basically “they are the same.”
In closing
I’ve acclimated to my new method of financial cycles. The discomfort in the novel has faded. I’m in a bit of a spot where it’s hard to make certain types of plans due to my aging parents and the potential for radical changes in their lives that I want to be able to help them navigate. It’s not radically tying me down by any means, it just changes the scope from “100% complete autonomy and freedom” to something a little less so for a bit.
I’ve taken up a bit of woodworking. I went to physical therapy for my lower back and have really focused on getting that in order – it feels better than it has in years! I cook a bit more. I read books. I write essays. I’m involved in an online community working on some future technology in the cryptographic space. I take a lot of walks. I’m never bored.
I feel like I’m in “phase 2: acclimate and relax.” Happy to answer any questions.
Edit: Ok guys, I'm out. See you again in a year or so. Thanks for the questions, well-wishes and conversation
submitted by FIRE_and_forget_it to financialindependence [link] [comments]

Is Bitcoin the Future of Money? Peter Schiff vs. Erik ... Real Money (Gold & Bitcoin) vs Fake Money (Currency) Max Keiser - Future of Money is Gold, Silver and Bitcoin ... BITCOIN MEETS THE GOLD PRICE: Is It The Future Of Money ... Bitcoin or Gold? Sorry Gold Bugs..Gold is NOT the Future of Money!! (Bix Weir)

Gold is money. It’s the final destination, a tangible, physical asset whose real value is that it is money. This is something central planners have desperately tried to get people to forget. Bitcoin is still in the Wild West compared to boring old gold that you place in a vault or safe hiding spot, never to be used unless it’s a real emergency. The blockchain itself is a digital revolution ... Bitcoin vs gold – the key differences . Digital vs physical ... we believe that the future is changing and your investment portfolio should too. However, the old school rules of investing remain ... While Bitcoin lacks the number of applications that gold enjoys, it has many advantages over gold in one area that gold has always held high regard—as a store of value. The irregularity of the supply of gold is in contrast to Bitcoin, which has a very strict emission schedule. This regular supply of new bitcoins makes it a better currency than gold or fiat currency. However, the future is unclear if Bitcoin will have the same value as Gold, especially in such times of economic uncertainty. Note: All information on this page is subject to change. Bitcoin vs. Gold: The Future of Money Peter Schiff Debates Stefan Molyneux. News. 19:33. Stefan Molyneux of Freedomain Radio on the Peter Schiff Radio Show. Lester Fuchs. 51:43. Public Schools, Private Hell - Stefan Molyneux of Freedomain Radio Hosts the Peter Schiff Show! Karoline Mount. 46:37 . The Future of Gold - and the Libertarian Vision! Peter Schiff and Stefan Molyneux. Stefan Molyneux ...

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Is Bitcoin the Future of Money? Peter Schiff vs. Erik ...

The difference between currency (fake money) and real money ( Gold and Bitcoin) is that money must be a store of value and maintain its purchasing power for a long period of time. Bitcoin or Gold? Sorry Gold Bugs..Gold is NOT the Future of Money!! (Bix Weir) ... Cryptocurrency: The Future of Money? - Duration: 8:07. Above The Noise 8,941 views. 8:07. What is the Gold ... SBTV discussed the future of money with Max Keiser, host of the Keiser Report and the Orange Pill Podcast. As the fiat currencies crumble with extreme money ... Find out what Mike Maloney thinks about the recent action in Bitcoin prices. Watch the Hidden Secrets Of Money series here: https://www.youtube.com/watch?v=D... In this video we compare the traits of money between Bitcoin, Gold, and Fiat. If you watched my previous video talking about "What is Money and How Does it W...

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