The way most people react to bitcoins today is how they reacted to precious metals 10 years ago - negativity based on fear of the unknown. Research more and argue less. Arguing about investments has to be one of the most illogical behaviors imaginable. If you don't like bitcoins find some way to short them, if you like them buy. Time, not argument, will prove who is right or wrong.
Hey man, don't pay attention to shysters, I've been a miner for over a year now, made a lot of cash, some of it still keeping in bitcoins, other in gold. The jealous people should better go on ebay and buy some rig than flamin here. Greetingz from Serbia!
That's not a reason I can give a reason why people hold paper gold even though they know is a derivative that's not moronic. "Reason" is the root of everyone's actions even if they are mistaken.
Thus what mistake do you believe holders of bitcoins are making?
@davincij15 that there will be any kind of movement into bitcoins from any wider section of the public other than those that already hold them, even if there were to be hyperinflation of every fiat currency. Time will tell.
Well, I disagree with the efficacy of your passive aggressive comment regarding non-bitcoin enthusiasts being simply those who lack vision, but nontheless, I wish you well in this endeavor. While I remain unconvinced regarding bitcoins and more convinced of Gold & Silver, given the long-term evidence available, it will be interesting to see how this turns out for you over the years. I hope it goes precisely as you predict.
Thank you for your concern I agree with you it's not your lack of vision but just like my lack of desire to be a doctor and make a lot of money, I just don't want to. And that's OK.
Had a nice long conversation with SilverLadybug and she convinced me to stop talking about bitcoins on this channel this will be the last video about it.
It's called greater risk greater reward. I think all investments go up and down the question is do they stay down for years? If focused on my dollar value of my silver I would have been out of it in 2008 saying why should I invest in something that could lose 60% of its value.
I am buying because I know it will be successful and I am not going to be the guy that says, woulda coulda, shoulda.
I have just finished recording a video on a discussion I had will someone else. It was a more civilized discusion than your rant and you can learn from that.
I "predict" that all the fools who are buying into all this Bitcoin nonsense will lose everything they have into it! Buy a real asset people - Silver and/or Gold!
My simple comment is this: There is NO SUBSTITUTE for gold and silver. Not paper money, not digital currencies, not anything on paper. I just grabbed another 40 ounces of silver today as a matter of fact.
@PoboyMusic Silver and gold have been money for over 6000 years. Gold and silver have never gone to zero. Bitcoin has touched the bottom more than once already. It's a digital piece of nonsense backed by nothing. They would be easier to hack/create then counterfit paper money. Stay as far away as possible from this.
Thanks I sold all my bitcoins at the high around 32.00 Kept enough in reserves to buy me the new AMD RADEON 7970, and still made about 1200 on top of that.....but now I have 0 coins again.
I'm not sold on bitcoins however people will be looking for alternatives to the dollar which could very well cause a jump in dollar value of bitcoins. How well bitcoins function as 'money' after that event will determine their future. It sounds like they have rebounded well after that last drop. It doesn't hurt anything to explore options.
If you see bitcoin in the title just don't watch. I listen to Peter Schiff radio show and he is now talking reading commercials and I fast forward them, I hate it because I PAY for his services.
I am talking about what I want to talk about and charge you NOTHING. Someone asked me about it so I did a video. Nuff said.
@davincij15 Its easy to tell someone `just dont watch`-You have to watch in order to form an opinoin-and hey I got another idea-if you see someone making negative comments on your video and you dont like it- stop reading..
Look I sub a lot of people when they put something in the title I disagree with I don't watch. When VisionVictory talks about some stock he is suggesting I tune out or don't watch.
When Endlessmountian talks about his new age stuff or betting on sports I don't watch ether. There is nothing wrong with what they talk about but I don't want to spend my time watching or talking to them about it.
Hey make your money off the suckers while you can. I am not knocking you. I made my money on internet stocks in the late 90s early 2k. I knew is wasn't worth shit but made tons off the hype.
@davincij15 Ok I am sure no one watching your videos will buy bitcoins. But answer me this one question. Have you ever traded bitcoins for fiat currency?
I don't understand what where you trying to get at with the question. Bitcoins is designed for trading not just goods but other currency. Also "money" or "currency" is a product of the economy.
Gold has maintained it's value to humans because it can't be destroyed (it doesn't oxidize). genetic engineering may change that. There are already bacteria that can consume gold ions - I think the future for gold is not so secure.
@glaatraa And we've been saying that about Gold for how many centuries? The day that we can create an element from the either I'll shut my face. I doubt it can happen because there's an infinite amount of stuff about this universe that we will NEVER understand. Observation is one thing, creation is another.
Besides, even if we were able to you think that would be a good thing? The powers that be that will control that will not be responsible. Just look at history.
@TruthOverFacts They've been trying to cure diseases for many centuries too - now we actually can cure them. It's irrelevant what they tried to do before - they tried to uses magic to communicate with people thousands of miles away - then someone invented the telephone and then the internet. They tried to fly on broomsticks and then someone invented the jumbo jet.
They've already created gold in particle accelerators and nuclear reactors (see Wikipedia)
@glaatraa Dude what are you talking about? Are you serious? Curing a disease is NO WHERE NEAR the same as creating an element. Do you know what brings about a dis-ease? A dis-ease simply means that you're lacking something. You provide the body with what its lacking and that dis-ease is gone. You dont have Vitamin b17 in your body then you get stuff like Cancer. I cant even read the rest of your comment that was so painfully laughable.
@glaatraa And thats why we dig deeper and deeper for Gold right? Because they found out how to change a pure element into another. Sure they did.
Stop believing every conspiracy theory you come across without confirming it for yourself.Which I know you havent....and I can refute it just by the reasoning that we continue to dig for it.I have a question. Given that you must confirm information these days, how did you confirm this "fact" of yours?....or did you just take it at face value?
@TruthOverFacts It's not a conspiracy theory - it's just science. They can do it now using conventional science. Currently it's just more expensive to convert mercury to gold than just buying or digging for it. Doesn't mean they haven't done it.
The earth isn't flat either - or do you think all peer reviewed universally accepted science is conspiracy?
See the Wikipedia article and read the references - it's universally accepted scientific fact, history and truth.
@glaatraa Clowns do what you just did. Conparing the obvious to something thats nothing but a theory to make it seem like im at fault on my stance when you have yet to prove this alleged fact of yours. I can go to great adventure right now, get on the highest rollercoaster and see the curvature of the earth, yet you're looking to tell me that they've been able to make gold out of mercury since 1941 and for almost 80 years it still isnt "cost effective"? Prove it cuz right now u look like a clown
@TruthOverFacts I'm just stating a fact - they can make precious metals. A computer that could play Angry Birds didn't exist 30 years ago. It cost 100 billion dollars to sequence DNA 30 years ago (now it costs $5000). That's how technology works. I think it's a factor that need to be included in any future investment evaluation.
@glaatraa You're not stating a fact. You'e stating a fallacy and contrasting it with computers that didnt exist 30 years ago to make it seem like you stated a fact. Better yet, do this- Prove this statement. Im saying that you havent seen it, proved it, held a gold coin made by this method and compared it to actual gold and seen now actual difference in the actual property of the element. You can talk about a computer not existing 30 years ago and prove it because you're TYPING ON ONE. hilarious
A word of advice if you going to be doing a video on something please explain what it is before you talk about it because not everyone understands what it is you are talking about thank you.
The anonymity of bitcoin is great and will be its demise under "know your customer" laws. The state can easily fine & imprison anyone who has possession (ie the same occurred with gold under FDR). Good luck with it.
That's why bitcoin exchanges in the US or Canada require your ID. ;) Besides any bitcoin guru will tell you it's not 100% anonymous. It can be but you would have to work very hard at it.
@davincij15 Intriguing. In regards to bitcoin not being 100% anonymous, are refering to the record of IP addresses making transfers. I'd think an anonymous proxy (eg Tor) could hide the IP, or am I completely off base?
I'm loving the increase in price...all the coins I bought at 4 dollars can now be spent at a 50% off sale!!! If the price goes down I will hold them and/or buy more...with this in mind I find it hard to believe they will ever go to zero as some ppl think
@stuntpea There are loads of exchanges in many countries and you can use them to top up a prepay card (see OKpay.com), and they have doubled their value in 2 months (I bough below $3 so I'm happy) .
Watch 'The good wife - bitcoin for dummies' on Sunday and see how the value doubles again.
I don't know 10 years out I can make a wild guess that bitcoins will be worth more than silver because it's limited to 21 million bitcoins but a lot of things will happen between now and then.
The odds of bitcoins successful rise in value is a lot lower than silver's success as it's a sure thing.
Political solution- Repeal the 17th amendment and add a direct democracy within each state under our constitutional republic.(online,paper,electronic w/receipts..) this should be added to the senate where senators continue to write bills but vote publicly along side the citizens (to avoid fraud)
Economic solution- Create local/state owned debt-free currencies under a US debt currency (ex. the greenback). Print it at a 1:1 ratio with the current Federal Reserve notes for a smooth transition. Cancel the debt to the Federal reserve/international bankers and work out a deal with foreign creditors like China. Legalize alternative forms of money/currency like Gold, silver and Bitcoin.
Good luck with your bitcoins. Im sure they will go much higher than $2. There really is no argument about that. But will they go considerably higher? That seems unlikely. Especially if a gold backed currency hits the market.
@EndTheResistance Why buy a gold backed currency (issued by who?) when you can just buy gold? Perhaps someone should start a bitcoin backed currency.
I'm in China - I can buy bitcoins. Who will let me buy this gold backed currency? Can I buy it anonymously without proof of id? Will I be able to guarantee I permanently have these currency units or will I have to trust the issuer? My bitcoins are encrypted on my computer. I own them and no one can take them from me.
@EndTheResistance Has the value of $ doubled in the last month? I think I made the right decision to buy bitcoins at $2.80 average. US$ will always be worth less - that's how currency works - the governments of the world just keeps printing more as a way to tax the people.
Well said. But one thing that money has always at least had reference too. Something of athstetic beauty. Bitcoins are just a grainy looking coin with B on the face. Not very beautifull so if they bocome more valuable than the manufacturing cost then it will certainly be a new thing.
@dowhatuwill That feeling you get when you hear "bitcoins"...that pit in your stomach...that immediate dismissal and thought of "useless" or "worthless" or "deluded"... well just remember that is what people think when they hear people like you (or us) talk about gold (and especially silver). Same goes for naysayers who listen to Ron Paul. I'm not a bitcoin supporter. Just sticking up for freedom of discussion. Try extensive research & empathy first - like you expect people who u pitch silver
@rightsideofhistory I have done some research. The limited supply of Bitcoin's is a huge plus but won't mean a thing when the world paper system crashes. Do people think silver is useless? Only those who don't know they use it every day. Really I don't mind that anyway. I just fell sorry for those who may well lose everything. Peace.
Some people think the world will end when the dollar goes to zero. No it will not it will not work that way, the buildings will still be here the land boats cars and everything we have built will be here. No bomb will have went off to destroy it all.
Try to understand that and read about hyperinflation events or you will do the wrong things. There is nothing wrong with being ready for nuclear war but thats not what we are talking about.
@davincij15 Your right to say the word speculator also applies to silver bugs. While I am stacking for savings & protection, the fact remain that my speculation is that fiat $ is going to follow the historic pattern to 0. As this is the first time in history that all the currency's are fiat, it's historic speculation with a variable . While I am not interested in bit-coins myself, it's good you still speaking on silver & bitcoins. All views are important & your answering a question.
@davincij15 Yes I studied the fundamentals of silver & fiat $ for a solid 3 months in 2010 before I purchased my first 10 oz of physical silver in Nov 2010. While I can see the benefits of bitcoins as a good potential DE-centrilised alternative currency, I want sound money & a tangible commodity as my savings. I have on 2 occasions, had my life & everything stripped to 0 & I will not speculate on that in regards to my savings. I do wish for the best for you, with your interest tho.
@davincij15 I hope many do well with bitcoin & I will have no envy or regret. I am full of joy to be making $ form my music & for me that is a life dream come true. Maybe it's the feminine mind, I just want security & protection for my savings. I would welcome bitcoin as a stable alternative currency but it's not there yet. I do not relay have the investor mind-set or drive. But I do love silver as a metal & always have & to use it for savings in this time is for me just wonderful.
@SilverLadyBug999 Good point that would be like us having envy over a doctor or lawyer making 500 an hour. I don't care because I did not do the work to make it.
Thanks you have been so kind discussing this with me I have decided to stop talking about bitcoins on this channel.
Many people can learn from our conversation I know I did. Do you mind if I do a video about it? When I learn something I want to share it just like shared what I learned about bitcoins.
Davincij15, this isn't a floosy video, but I think you left this topic extremely short by not stating why this is to become the new banking system. I honestly want to know your ideology behind this message. I'm not looking to throw arrogant replies... If you review your video from 2:59 to the end you're stating that this is going to be the new bank system... I felt you could have elaborated more on this...
@davincij15 Man with your ambition and intelligence about Bitcoin, would you ever consider setting up a phone interview or arrange a sitdown interview with the chairperson of Bitcoin and get that info out to your audience? Like how SGT does with his channel
If & when bitcoins are backed by gold/silver am all in, that’s not say it won’t happen in the future. Know that the future is digital money (we already use it) e.g. bank transfers, PayPal, Cards etc. I think bitcoin is a test run for something we have yet to see by the NWO, run from a central bank & government. I suppose we will know in a couple of years.
@TheMmakk..... If its simply "Diversification" then I feel he should just say, "hey, here's bitcoin, this is what it does, and its a great stock for your portfolio if you want to diversify". However he has a different agenda apparently
Looking @ BTC charts, btc testing 200sma. I would like to see btc retrace to 4.5- 5 usd then take out 200sma hold. Or just break thru and retest 200 sma and hold. If btc gets to 18 usd level then finds resistance and goes sideways..... makes huge cup and handle putting btc at 34usd. However, I'm not investing in them 4 its not my thing. Yet I can't stop charting them and following them...
@lizadfuel@davincij15 Looking at btc @ another angle, they could b in an ABC pattern. $31 to $2 A wave down - now B wave up - then C wave back down to make at least a flat or standard ABC pattern, which would put btc back in the cents.
gee wiz people. i dont agree with bitcoins at all but its not right to dog davinci on his own channel talking about his thoughts and predictions. its like religion, you can believe whatever you want and nobody can tell you your wrong until it collapses (if it does)
@davincij15 Silver is a real tangible item, its something that is needed and used. Silver is only one of the 108 elements on the periodic table, and its from the earth..... Dollars are something that are printed and given law by government decree. If the TPTB decide to say "no more dollars" the quickly phase out of exsistence. Silver Gold Oxygen Hydrogen are still in existence and always have value.
@davincij15 From the comment above ur average buy is $7.50, so if u did load up the boat much of ur bitcoins were purchased well above $7.50 to bring ur average price down????? Am I correct????
@davincij15 Digital currencies will b the way of the future, maybe even backed by gold? Yet I don't see bitcoins filling this roll anytime soon. If they did then I would believe they would b a viable currency.
you are right. I may be wrong. All I"m saying is it's a HUGE, Massive Spec play, Might as well go to Vegas. This is not a safe investment. IF one is willing to loose all they have on it go for it it's like a small cap stock. Hope you win !
Actually stocks are more like Vegas but with worse odds. Bitcoins is a product it's success depends on the community of supporters and software developers.
@spiritartman I agree! I follow them closely but would not risk and cash trading them. I think davinci makes money with them??? - since he is bitcoin "miner" have to put in "" since I do not think they r mining.
The way most people react to bitcoins today is how they reacted to precious metals 10 years ago - negativity based on fear of the unknown. Research more and argue less. Arguing about investments has to be one of the most illogical behaviors imaginable. If you don't like bitcoins find some way to short them, if you like them buy. Time, not argument, will prove who is right or wrong.
lorax2013 1 month ago in playlist Uploaded videos
@lorax2013
Preach! It's that simple buy them don't buy them or short them.
davincij15 1 month ago
LOL ur a joke
Baller5ajk 1 month ago in playlist Uploaded videos
Hey man, don't pay attention to shysters, I've been a miner for over a year now, made a lot of cash, some of it still keeping in bitcoins, other in gold. The jealous people should better go on ebay and buy some rig than flamin here. Greetingz from Serbia!
marradekanac 1 month ago in playlist Uploaded videos
@marradekanac
Thanks
davincij15 1 month ago
People are paying $6 for them STILL??? amazing lol
theMAXILOPEZpsycho 1 month ago
@theMAXILOPEZpsycho
Whats amazing is you don't understand why.
davincij15 1 month ago
@davincij15 actually I think I do: it's because these people are morons
theMAXILOPEZpsycho 1 month ago
@theMAXILOPEZpsycho
That's not a reason I can give a reason why people hold paper gold even though they know is a derivative that's not moronic. "Reason" is the root of everyone's actions even if they are mistaken.
Thus what mistake do you believe holders of bitcoins are making?
davincij15 1 month ago
@davincij15 that there will be any kind of movement into bitcoins from any wider section of the public other than those that already hold them, even if there were to be hyperinflation of every fiat currency. Time will tell.
theMAXILOPEZpsycho 1 month ago
They can't change the amount in my account because I don't have a bank account. lol
vinmorin 1 month ago in playlist Uploaded videos
Well, I disagree with the efficacy of your passive aggressive comment regarding non-bitcoin enthusiasts being simply those who lack vision, but nontheless, I wish you well in this endeavor. While I remain unconvinced regarding bitcoins and more convinced of Gold & Silver, given the long-term evidence available, it will be interesting to see how this turns out for you over the years. I hope it goes precisely as you predict.
veritasfiles 1 month ago
@veritasfiles
Thank you for your concern I agree with you it's not your lack of vision but just like my lack of desire to be a doctor and make a lot of money, I just don't want to. And that's OK.
Had a nice long conversation with SilverLadybug and she convinced me to stop talking about bitcoins on this channel this will be the last video about it.
Thanks again for your kind words.
davincij15 1 month ago
Bitcoin had a monster year in 2011 1000% gains. I think it ends the year at $10. When the difficulty halves it will be rarer.
pirucreek 1 month ago
Congrats davincij15 for always being positive! :)
dovetsky 1 month ago
Why would you launch Davincij coin ? Point if this will be successful it will be replicated in similar form.
Why would I buy something that can crash 90% in 1 year ?
Risk / reward may be good on bitcoin but it seems to high risk to me. I assume you have to study bitcoin market the same way as any investment.
Alexiscom1 1 month ago
@Alexiscom1
It's called greater risk greater reward. I think all investments go up and down the question is do they stay down for years? If focused on my dollar value of my silver I would have been out of it in 2008 saying why should I invest in something that could lose 60% of its value.
I am buying because I know it will be successful and I am not going to be the guy that says, woulda coulda, shoulda.
davincij15 1 month ago
@Alexiscom1 Just get a job cleaning toilets - no risk in that and you'll take home a steady wage. Risk is the whole point of investing.
glaatraa 1 month ago
IT'S GOOD TO HERE U LAUGHING,THESE ARE CRAZY TIMES! TY FOR YOUR VIDEOS:-)
BABYBIRDISDEBRA 1 month ago
I love 'em. they can steal my fiat currency, my house, my car, my PMs, but they'll never find my wallet.dat
frobley93 1 month ago
@frobley93
True DAT!
davincij15 1 month ago
@frobley93 But then when you buy a new car a new house and whatever PMs are with your bitcoins they can steal those too? :P
CFrostyTheSnowman 1 month ago
DEAD MAN WALKING!!!! GIVE IT UP ALREADY !!!! YOU ARE IN DENIAL!!
silversummits 1 month ago 5
@silversummits
I have just finished recording a video on a discussion I had will someone else. It was a more civilized discusion than your rant and you can learn from that.
davincij15 1 month ago
Hey D. I don't get the hole bitcoin thing. I think you have to be really into computers. Silver I understand as well as gold.
rjcjuntwait 1 month ago
@rjcjuntwait
It's cool gold and silver are money bitcoins is not it's a currency.
davincij15 1 month ago
I "predict" that all the fools who are buying into all this Bitcoin nonsense will lose everything they have into it! Buy a real asset people - Silver and/or Gold!
ArgentPure 1 month ago in playlist More videos from davincij15
@ArgentPure
I predict that you will be wrong about bitcoins and it will not matter to you and those who own gold and silver.
davincij15 1 month ago
@davincij15 Well, good luck with those Bitcoins! I hope it works out for you! I'll keep stacking the phyzz thanks!
ArgentPure 1 month ago
@ArgentPure
Thanks, I am a silver stacker for life when bitcoins increases my wealth I will save it in silver and gold because silver and gold are MONEY!
davincij15 1 month ago
@ArgentPure let me reward your insight by emailing you some silver. Lol.
BladeMcCool 1 month ago
I welcome any aliens to my abode who desire to offload a bunch of gold and silver, after an earthly touchdown. ;^)
gr8dalmuti 1 month ago
My simple comment is this: There is NO SUBSTITUTE for gold and silver. Not paper money, not digital currencies, not anything on paper. I just grabbed another 40 ounces of silver today as a matter of fact.
jsnip4 1 month ago
@jsnip4 Silver and gold can be manipulated as you've seen recently. Bitcoins cannot be manipulated.
PoboyMusic 1 month ago
@PoboyMusic Silver and gold have been money for over 6000 years. Gold and silver have never gone to zero. Bitcoin has touched the bottom more than once already. It's a digital piece of nonsense backed by nothing. They would be easier to hack/create then counterfit paper money. Stay as far away as possible from this.
jsnip4 1 month ago
tkx d.... always love to hear your thoughts...
skybirdbird 1 month ago
Thanks I sold all my bitcoins at the high around 32.00 Kept enough in reserves to buy me the new AMD RADEON 7970, and still made about 1200 on top of that.....but now I have 0 coins again.
ds4081 1 month ago
I'm not sold on bitcoins however people will be looking for alternatives to the dollar which could very well cause a jump in dollar value of bitcoins. How well bitcoins function as 'money' after that event will determine their future. It sounds like they have rebounded well after that last drop. It doesn't hurt anything to explore options.
acuriousbeast 1 month ago
Ron Paul Americans Ron Paul....
kryogenikz 1 month ago
i like your ideas
commentilization 1 month ago
shouldn't bitcoins act like a currency instead of a speculative investment? people just trade it to make money. Thats why it crashes so hard.
chrisadmaley 1 month ago
I just bought Zanga facebook dollars, anyone wants to buy them.
charlesfuchs 1 month ago
@charlesfuchs I'll give you one trillion zimbabwe dollars for them ;)
73cupcake 1 month ago
Good money always drives out bad money. Bitcoins are the future
adeypoop 1 month ago
yeah right, people are gong to dump cash and flood into the security of Bitcoins. Bitcoins are a joke
Xythantiops 1 month ago
@Xythantiops Made $4000 in the last month with no effort - if it's a joke then that's why I'm laughing
glaatraa 1 month ago
Silver is King, f..k the banksters , Buy Silver !
no more war for israel, vote Ron Paul !
I Wich U a Silver New Year 2012 :)
DAV93 1 month ago
Hey d just keepn tabs on you lol
morganslv 1 month ago
Do you it on good word, Aliens are coming to dump PM's on the hapless inhabitants of Planet Earth?
valhala56 1 month ago
@valhala56
LOL
davincij15 1 month ago
@valhala56 Fooking Yikes! That's worse then pissin on dead fooking Taliban!
jhi1947 1 month ago
Mannn D.... :-(
charlesfuchs 1 month ago
@charlesfuchs
If you see bitcoin in the title just don't watch. I listen to Peter Schiff radio show and he is now talking reading commercials and I fast forward them, I hate it because I PAY for his services.
I am talking about what I want to talk about and charge you NOTHING. Someone asked me about it so I did a video. Nuff said.
davincij15 1 month ago
@davincij....:-(
gasdorf 1 month ago
@davincij15 Its easy to tell someone `just dont watch`-You have to watch in order to form an opinoin-and hey I got another idea-if you see someone making negative comments on your video and you dont like it- stop reading..
Xythantiops 1 month ago
@Xythantiops
Look I sub a lot of people when they put something in the title I disagree with I don't watch. When VisionVictory talks about some stock he is suggesting I tune out or don't watch.
When Endlessmountian talks about his new age stuff or betting on sports I don't watch ether. There is nothing wrong with what they talk about but I don't want to spend my time watching or talking to them about it.
davincij15 1 month ago
I like your vids but have no clue what bitcoin is so I had to dislike the vid... Sorry man.
usaelectionpolls 1 month ago
I love your laugh! It lets me know that the bastards have not got you down. Keep on keepin on. ;)
mrcell61 1 month ago
@mrcell61
Thanks
davincij15 1 month ago
Hey make your money off the suckers while you can. I am not knocking you. I made my money on internet stocks in the late 90s early 2k. I knew is wasn't worth shit but made tons off the hype.
turboman8082 1 month ago
@turboman8082
I am not hyping bitcoins I am talking about what I like talking about. The number of viewers that would buy on my word alone is ZERO. Get it ZERO.
So what I say will have no effect on it's value, someone asked me in my last video so I answered the question in this video.
davincij15 1 month ago
@davincij15 Ok I am sure no one watching your videos will buy bitcoins. But answer me this one question. Have you ever traded bitcoins for fiat currency?
turboman8082 1 month ago
@turboman8082
Yes.
davincij15 1 month ago
@davincij15 Thanks for your honestly.
turboman8082 1 month ago
@turboman8082
I don't understand what where you trying to get at with the question. Bitcoins is designed for trading not just goods but other currency. Also "money" or "currency" is a product of the economy.
davincij15 1 month ago
@davincij15 What good do you trade for?
turboman8082 1 month ago
@turboman8082
Server time, software, stuff at Amazon via a proxy service.
davincij15 1 month ago
Gold has maintained it's value to humans because it can't be destroyed (it doesn't oxidize). genetic engineering may change that. There are already bacteria that can consume gold ions - I think the future for gold is not so secure.
glaatraa 1 month ago
@glaatraa the reason why gold has maintained its value is because Alchemy hasnt been able to create it.
TruthOverFacts 1 month ago
@TruthOverFacts 25 to 50 years and we'll be able to create any element at will - its just energy
glaatraa 1 month ago
Comment removed
TruthOverFacts 1 month ago
This has been flagged as spam show
@glaatraa And we've been saying that about Gold for how many centuries? The day that we can create an element from the either I'll shut my face. I doubt it can happen because there's an infinite amount of stuff about this universe that we will NEVER understand. Observation is one thing, creation is another.
Besides, even if we were able to you think that would be a good thing? The powers that be that will control that will not be responsible. Just look at history.
TruthOverFacts 1 month ago
@TruthOverFacts They've been trying to cure diseases for many centuries too - now we actually can cure them. It's irrelevant what they tried to do before - they tried to uses magic to communicate with people thousands of miles away - then someone invented the telephone and then the internet. They tried to fly on broomsticks and then someone invented the jumbo jet.
They've already created gold in particle accelerators and nuclear reactors (see Wikipedia)
glaatraa 1 month ago
@glaatraa Dude what are you talking about? Are you serious? Curing a disease is NO WHERE NEAR the same as creating an element. Do you know what brings about a dis-ease? A dis-ease simply means that you're lacking something. You provide the body with what its lacking and that dis-ease is gone. You dont have Vitamin b17 in your body then you get stuff like Cancer. I cant even read the rest of your comment that was so painfully laughable.
TruthOverFacts 1 month ago
@TruthOverFacts Gold can be created from mercury in a particle accelerator and a nuclear reactor (since 1941 !) - it's a fact.
See "Synthesis of precious metals' article in Wikipedia
glaatraa 1 month ago
@glaatraa And thats why we dig deeper and deeper for Gold right? Because they found out how to change a pure element into another. Sure they did.
Stop believing every conspiracy theory you come across without confirming it for yourself.Which I know you havent....and I can refute it just by the reasoning that we continue to dig for it.I have a question. Given that you must confirm information these days, how did you confirm this "fact" of yours?....or did you just take it at face value?
TruthOverFacts 1 month ago
@TruthOverFacts It's not a conspiracy theory - it's just science. They can do it now using conventional science. Currently it's just more expensive to convert mercury to gold than just buying or digging for it. Doesn't mean they haven't done it.
The earth isn't flat either - or do you think all peer reviewed universally accepted science is conspiracy?
See the Wikipedia article and read the references - it's universally accepted scientific fact, history and truth.
glaatraa 1 month ago
@glaatraa Clowns do what you just did. Conparing the obvious to something thats nothing but a theory to make it seem like im at fault on my stance when you have yet to prove this alleged fact of yours. I can go to great adventure right now, get on the highest rollercoaster and see the curvature of the earth, yet you're looking to tell me that they've been able to make gold out of mercury since 1941 and for almost 80 years it still isnt "cost effective"? Prove it cuz right now u look like a clown
TruthOverFacts 1 month ago
@TruthOverFacts I'm just stating a fact - they can make precious metals. A computer that could play Angry Birds didn't exist 30 years ago. It cost 100 billion dollars to sequence DNA 30 years ago (now it costs $5000). That's how technology works. I think it's a factor that need to be included in any future investment evaluation.
glaatraa 1 month ago
@glaatraa You're not stating a fact. You'e stating a fallacy and contrasting it with computers that didnt exist 30 years ago to make it seem like you stated a fact. Better yet, do this- Prove this statement. Im saying that you havent seen it, proved it, held a gold coin made by this method and compared it to actual gold and seen now actual difference in the actual property of the element. You can talk about a computer not existing 30 years ago and prove it because you're TYPING ON ONE. hilarious
TruthOverFacts 1 month ago
bitcoin can be manipulated just like everything else.
tuubydude 1 month ago
A word of advice if you going to be doing a video on something please explain what it is before you talk about it because not everyone understands what it is you are talking about thank you.
lagoveride 1 month ago
@lagoveride
Google bitcoins - its a new crypto currency using encryption to determine who has what bitcoins.
davincij15 1 month ago
The anonymity of bitcoin is great and will be its demise under "know your customer" laws. The state can easily fine & imprison anyone who has possession (ie the same occurred with gold under FDR). Good luck with it.
siggyboss 1 month ago
@siggyboss
That's why bitcoin exchanges in the US or Canada require your ID. ;) Besides any bitcoin guru will tell you it's not 100% anonymous. It can be but you would have to work very hard at it.
davincij15 1 month ago
@davincij15 Intriguing. In regards to bitcoin not being 100% anonymous, are refering to the record of IP addresses making transfers. I'd think an anonymous proxy (eg Tor) could hide the IP, or am I completely off base?
siggyboss 1 month ago
@siggyboss
You are correct.
davincij15 1 month ago
@davincij15 Thanks.
siggyboss 1 month ago
I'm loving the increase in price...all the coins I bought at 4 dollars can now be spent at a 50% off sale!!! If the price goes down I will hold them and/or buy more...with this in mind I find it hard to believe they will ever go to zero as some ppl think
markpasky08 1 month ago
@markpasky08
There would have to be a flaw in the technology or we go back to the stone age.
davincij15 1 month ago
Where can I use Bitcoins?
If places can use it like cash in paypal or convert it to cash then I can see how I can buy stuff with it.
I'm not knocking it, I just don't know where I can use it.
stuntpea 1 month ago
@stuntpea There are loads of exchanges in many countries and you can use them to top up a prepay card (see OKpay.com), and they have doubled their value in 2 months (I bough below $3 so I'm happy) .
Watch 'The good wife - bitcoin for dummies' on Sunday and see how the value doubles again.
glaatraa 1 month ago
Sorry to put u on the spot D, but what would you forecast the exchange rate between bitcoins and silver to be in 10 years time?
Word of advice - dont accept gold or silver from strange aliens, then you'll be far less likely to get screwed, lol
cpswyl2 1 month ago
@cpswyl2
I don't know 10 years out I can make a wild guess that bitcoins will be worth more than silver because it's limited to 21 million bitcoins but a lot of things will happen between now and then.
The odds of bitcoins successful rise in value is a lot lower than silver's success as it's a sure thing.
davincij15 1 month ago
Political solution- Repeal the 17th amendment and add a direct democracy within each state under our constitutional republic.(online,paper,electronic w/receipts..) this should be added to the senate where senators continue to write bills but vote publicly along side the citizens (to avoid fraud)
deshaebeasley 1 month ago
Economic solution- Create local/state owned debt-free currencies under a US debt currency (ex. the greenback). Print it at a 1:1 ratio with the current Federal Reserve notes for a smooth transition. Cancel the debt to the Federal reserve/international bankers and work out a deal with foreign creditors like China. Legalize alternative forms of money/currency like Gold, silver and Bitcoin.
deshaebeasley 1 month ago
Good luck with your bitcoins. Im sure they will go much higher than $2. There really is no argument about that. But will they go considerably higher? That seems unlikely. Especially if a gold backed currency hits the market.
EndTheResistance 1 month ago
@EndTheResistance Why buy a gold backed currency (issued by who?) when you can just buy gold? Perhaps someone should start a bitcoin backed currency.
I'm in China - I can buy bitcoins. Who will let me buy this gold backed currency? Can I buy it anonymously without proof of id? Will I be able to guarantee I permanently have these currency units or will I have to trust the issuer? My bitcoins are encrypted on my computer. I own them and no one can take them from me.
glaatraa 1 month ago
@glaatraa Yes you can buy new US dollar without ID at any currency exchange. One US dollar will be very powerfull, like back in the old days.
EndTheResistance 1 month ago
@EndTheResistance Has the value of $ doubled in the last month? I think I made the right decision to buy bitcoins at $2.80 average. US$ will always be worth less - that's how currency works - the governments of the world just keeps printing more as a way to tax the people.
glaatraa 1 month ago
@EndTheResistance
Transferring wealth around the world is expensive for the average person bitcoins reduces those costs. Transferring gold and silver is more expensive.
This is it's value if you can understand the technology is sound then the question remains... will people use it?
I say yes, you say no. Time will prove one of us correct.
davincij15 1 month ago
Well said. But one thing that money has always at least had reference too. Something of athstetic beauty. Bitcoins are just a grainy looking coin with B on the face. Not very beautifull so if they bocome more valuable than the manufacturing cost then it will certainly be a new thing.
EndTheResistance 1 month ago
@EndTheResistance Either you are joking or just ignorant - Bitcoin is electronic currency. There is no physical coin as such.
glaatraa 1 month ago
My Bitcoin Forecast: It'll soon be over.
dowhatuwill 1 month ago
@dowhatuwill That feeling you get when you hear "bitcoins"...that pit in your stomach...that immediate dismissal and thought of "useless" or "worthless" or "deluded"... well just remember that is what people think when they hear people like you (or us) talk about gold (and especially silver). Same goes for naysayers who listen to Ron Paul. I'm not a bitcoin supporter. Just sticking up for freedom of discussion. Try extensive research & empathy first - like you expect people who u pitch silver
rightsideofhistory 1 month ago
@rightsideofhistory I have done some research. The limited supply of Bitcoin's is a huge plus but won't mean a thing when the world paper system crashes. Do people think silver is useless? Only those who don't know they use it every day. Really I don't mind that anyway. I just fell sorry for those who may well lose everything. Peace.
dowhatuwill 1 month ago
@dowhatuwill
Some people think the world will end when the dollar goes to zero. No it will not it will not work that way, the buildings will still be here the land boats cars and everything we have built will be here. No bomb will have went off to destroy it all.
Try to understand that and read about hyperinflation events or you will do the wrong things. There is nothing wrong with being ready for nuclear war but thats not what we are talking about.
davincij15 1 month ago
damn it i shoulda bought more bitcoin at 2$ omg
godseyeview 1 month ago
why the thumbs down? your not pushing it on anyone, sounds like its goin' well for you
AIlSeeinGuy 1 month ago
@AIlSeeinGuy
Viewer don't like me talking about it.
davincij15 1 month ago
i get bitcoins, it has value. i dont see why the gold bugs are so scared of it.
ezra106 1 month ago
One can say a lot of things about Davincij, but what one cannot deny is that he is really brave. Making a video on this proves it ! ;-)
Luiyi385 1 month ago
@Luiyi385
:)
davincij15 1 month ago
This has been flagged as spam show
@Luiyi385 You mean delusional.
tuubydude 1 month ago
Davincij I think there's a word for what youre doing. Oh ya, speculation!
TechHost 1 month ago
@TechHost
Well then, when the government comes for our gold and silver what do you think they will call us?
Speculators.
That term will be correct because what are we speculating?
We are speculating that the government will not act responsibly and preserve the value of the dollar.
Oh Ya you evil speculator you.
Finally when I join the company I work for today there was only 3 people including me I speculated that they will do well.
davincij15 1 month ago
@davincij15 Your right to say the word speculator also applies to silver bugs. While I am stacking for savings & protection, the fact remain that my speculation is that fiat $ is going to follow the historic pattern to 0. As this is the first time in history that all the currency's are fiat, it's historic speculation with a variable . While I am not interested in bit-coins myself, it's good you still speaking on silver & bitcoins. All views are important & your answering a question.
SilverLadyBug999 1 month ago
@SilverLadyBug999
Do you know why fiat goes to zero all the time? It's NOT because it's fiat. (bitcoins is not fait google the word fiat)
The reason is because men disobey the rules.
With bitcoins the rules can not be broken this is why it has so much value right now the people who have studied it know this.
While it's OK if you don't want any bitcoins I like talking about it because it's so cool.
davincij15 1 month ago
@davincij15 Yes I studied the fundamentals of silver & fiat $ for a solid 3 months in 2010 before I purchased my first 10 oz of physical silver in Nov 2010. While I can see the benefits of bitcoins as a good potential DE-centrilised alternative currency, I want sound money & a tangible commodity as my savings. I have on 2 occasions, had my life & everything stripped to 0 & I will not speculate on that in regards to my savings. I do wish for the best for you, with your interest tho.
SilverLadyBug999 1 month ago
@SilverLadyBug999
I understand I would not suggest you do so unless you where as sure as I am about it.
Lets just say it makes millions (it already has for the early adopters) I just want to say I tried to help other do the same.
Silver is eventually a sure thing, don't know when but it will happen with in the next 5 years.
davincij15 1 month ago
@davincij15 I hope many do well with bitcoin & I will have no envy or regret. I am full of joy to be making $ form my music & for me that is a life dream come true. Maybe it's the feminine mind, I just want security & protection for my savings. I would welcome bitcoin as a stable alternative currency but it's not there yet. I do not relay have the investor mind-set or drive. But I do love silver as a metal & always have & to use it for savings in this time is for me just wonderful.
SilverLadyBug999 1 month ago
@SilverLadyBug999 Good point that would be like us having envy over a doctor or lawyer making 500 an hour. I don't care because I did not do the work to make it.
Thanks you have been so kind discussing this with me I have decided to stop talking about bitcoins on this channel.
Many people can learn from our conversation I know I did. Do you mind if I do a video about it? When I learn something I want to share it just like shared what I learned about bitcoins.
davincij15 1 month ago
One question.... For my collection, Round or 10oz bar?!?!?! I can't make up my mind!
CollectingSilver 1 month ago
@CollectingSilver
Rounds because you can liquidate 1 coin into currency when the price is $300 oz.
davincij15 1 month ago
Yea, in this game some will win big some will loose big it's like the manipulated paper markets. Buy something real. Metals !!
spiritartman 1 month ago
@spiritartman
On a whim I just purchased 20 Fiji Taku coins so I agree with that as well.
davincij15 1 month ago
@davincij15 They are great those Takus.
dowhatuwill 1 month ago
Davincij15, this isn't a floosy video, but I think you left this topic extremely short by not stating why this is to become the new banking system. I honestly want to know your ideology behind this message. I'm not looking to throw arrogant replies... If you review your video from 2:59 to the end you're stating that this is going to be the new bank system... I felt you could have elaborated more on this...
TheAppreciative1 1 month ago
@TheAppreciative1
Well consider that a bank can add more money to any account just by writing it in. The only thing the prevents them from doing so is going to jail.
That's not a real deterrent because the law can and has been changed to accommodate them.
The mathematical rules of the bitcoin network will not change at the will of a government, banker or crook.
davincij15 1 month ago
@davincij15 Man with your ambition and intelligence about Bitcoin, would you ever consider setting up a phone interview or arrange a sitdown interview with the chairperson of Bitcoin and get that info out to your audience? Like how SGT does with his channel
TheAppreciative1 1 month ago
If & when bitcoins are backed by gold/silver am all in, that’s not say it won’t happen in the future. Know that the future is digital money (we already use it) e.g. bank transfers, PayPal, Cards etc. I think bitcoin is a test run for something we have yet to see by the NWO, run from a central bank & government. I suppose we will know in a couple of years.
PS I suppose one could say its diversification.
TheMmakk 1 month ago
Enjoy your bitcoins! Try trading those for anything when the internet goes down or an extended emergency happens. Unsubbed.
69goodfella 1 month ago
@69goodfella
See ya! Did you know the internet was designed to exist thru a nuclear war with whole cities gone and not go down?
Bet you didn't know that! Even I forgot that fact.
Good bye!
davincij15 1 month ago
Why haven't you replied to stella? He left you a message on this video as your 2nd comment...
TheAppreciative1 1 month ago
@TheAppreciative1 here is your answer: Diversification LOL
TheMmakk 1 month ago
@TheMmakk..... If its simply "Diversification" then I feel he should just say, "hey, here's bitcoin, this is what it does, and its a great stock for your portfolio if you want to diversify". However he has a different agenda apparently
TheAppreciative1 1 month ago
@TheAppreciative1
What is my agenda?
davincij15 1 month ago
Comment removed
TheAppreciative1 1 month ago
Looking @ BTC charts, btc testing 200sma. I would like to see btc retrace to 4.5- 5 usd then take out 200sma hold. Or just break thru and retest 200 sma and hold. If btc gets to 18 usd level then finds resistance and goes sideways..... makes huge cup and handle putting btc at 34usd. However, I'm not investing in them 4 its not my thing. Yet I can't stop charting them and following them...
lizadfuel 1 month ago
@lizadfuel @davincij15 Looking at btc @ another angle, they could b in an ABC pattern. $31 to $2 A wave down - now B wave up - then C wave back down to make at least a flat or standard ABC pattern, which would put btc back in the cents.
lizadfuel 1 month ago
gee wiz people. i dont agree with bitcoins at all but its not right to dog davinci on his own channel talking about his thoughts and predictions. its like religion, you can believe whatever you want and nobody can tell you your wrong until it collapses (if it does)
berryjs140 1 month ago
@berryjs140
Thank you.
davincij15 1 month ago
@berryjs140 Eventually you definately know where this is headed....
TheAppreciative1 1 month ago
@TheAppreciative1 i agree with you too
berryjs140 1 month ago
Totally agree! People that dont truly understand technology....have no chance of grasping this concept.
mejt223 1 month ago
@mejt223
The basic concept is that it gets it's value from the ability to trade it without the fear of inflation.
davincij15 1 month ago
davincij, if you sold all your bitcoins today, would you lose money?
berryjs140 1 month ago
@berryjs140
My average buy in is at $7.50 So yes as of today I would be under water. However for 2 years I was underwater with silver so was I wrong then too?
davincij15 1 month ago
@davincij15 Silver is a real tangible item, its something that is needed and used. Silver is only one of the 108 elements on the periodic table, and its from the earth..... Dollars are something that are printed and given law by government decree. If the TPTB decide to say "no more dollars" the quickly phase out of exsistence. Silver Gold Oxygen Hydrogen are still in existence and always have value.
TheAppreciative1 1 month ago
@TheAppreciative1
That is way time and time again in all my bitcoin videos I have said...
Gold and silver are money and nothing else.
Understand that concept before you can understand bitcoins.
davincij15 1 month ago
@davincij15 If ur into bitcoins why didn't u load up when they held support at the 200ema (weekly chart) - $2 usd level?
lizadfuel 1 month ago
@lizadfuel
who said I didn't? ;)
davincij15 1 month ago
@davincij15 From the comment above ur average buy is $7.50, so if u did load up the boat much of ur bitcoins were purchased well above $7.50 to bring ur average price down????? Am I correct????
lizadfuel 1 month ago
@lizadfuel
Keep in mind I purchased all the way down. I'm in it to support the product because I know it will be successful product.
davincij15 1 month ago
@davincij15 Digital currencies will b the way of the future, maybe even backed by gold? Yet I don't see bitcoins filling this roll anytime soon. If they did then I would believe they would b a viable currency.
lizadfuel 1 month ago
@berryjs140 I think he's making money with them??
lizadfuel 1 month ago
@lizadfuel not so far
berryjs140 1 month ago
@berryjs140
I have not made any "money" in silver yet because I have not sold.
davincij15 1 month ago
@davincij15 the term "making money" is assumed as if it were to be sold presently.
berryjs140 1 month ago
Comment removed
TheAppreciative1 1 month ago
@spiritartman its seems to be backed by the human spirit for freedom.
breakinmedia 1 month ago
you are right. I may be wrong. All I"m saying is it's a HUGE, Massive Spec play, Might as well go to Vegas. This is not a safe investment. IF one is willing to loose all they have on it go for it it's like a small cap stock. Hope you win !
spiritartman 1 month ago
@spiritartman
Actually stocks are more like Vegas but with worse odds. Bitcoins is a product it's success depends on the community of supporters and software developers.
davincij15 1 month ago
@spiritartman I agree! I follow them closely but would not risk and cash trading them. I think davinci makes money with them??? - since he is bitcoin "miner" have to put in "" since I do not think they r mining.
lizadfuel 1 month ago
SHUT UP ABOUT BITCOINS
Annihilate3275 1 month ago
@Annihilate3275
I can talk about whatever I like it's my channel. Would like to see the door?
davincij15 1 month ago
What is Bit Coin backed by? Paper? if so it's wortheless
spiritartman 1 month ago
@spiritartman
In your opinion. However it as value in the fact that it can be used to transfer wealth.
davincij15 1 month ago