I am truly amazed at how many gold bugs that I used to listen to have flip-flopped and now are into the crypto's.
Gold and silver are manipulated for now, but they will have their day again so I recommend buying bitshares and HODL your gold and silver!
You have no idea! I first heard of Bitcoin through the Mises Institute's blog back in May or June of 2011. The entry reported on the hacking of Mt. Gox - yes, it was hacked in 2011. That post and related ones intimated that Bitcoin was a "pet rock" standard; mainstay commenters on the blog made it explicit. I still remember some Bitcoin evangelists holding their own against the "only gold is money" flak in the comments section.
Fast forward three years, and the Mises Institute starts accepting Bitcoin. It's now a Bitcoin booster.
Same with Zero Hedge. In early 2014, the mainstay commenters there were dumping on Bitcoin whenever it was mentioned in a post. There was a localbitcoins seller named Fonestar who seemed to delight in being the lone man arguing against a whole crowd: that's what he was doing. Again, the same scoffing: only gold and silver are real money, Bitcoin is a phantasm, etc.
And look at ZeroHedge now!
@stephenkendal is one of the folks who crossed over from precious metals to cryptocurrencies. That's why he still makes comments on gold and silver stocks; he had a legacy following on Twitter from his gold- and silver-bug days.
Another one, interestingly enough is perennial bull and #Monero whale Risto. He came into Bitcoin after getting out of dealing silver. He made a lot of money, some of which he rolled into XMR, but he was also notorious for hysterically predicting that Bitcoin would skyrocket to $1 million a/o 2015 - and then checking himself into a Finnish mental hospital after a nervous collapse. Still, the fellow's made out damned well and he deserves some admiration for sticking to his guns.
Now that you've broached the subject, I wonder how many crypto-rich will transfer some of their gains into gold and silver.
This is interesting stuff NXT..thanks for sharing...cheers friend
Man brother you know your stuff, just picked up a new follower!
Thanks, and likewise!