Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




DNotes Digital Currency

Reply to topic
Money Talk > Money Watch

Author Thread
RetireInStyle
New Member


Cash: $ 0.85

Posts: 4
Joined: 05 Dec 2014

DNotes Digital Currency  Reply with quote  

Has anyone heard of DNotes? It is an alternative to bitcoin and has risen steadily since it launched in Feb, 2014. Over the weekend, bitcoin, litecoin, dogecoin, and namecoin all fell between 1 - 3%, whereas DNotes rose by 40% in 24 hours.

I'm interested to see if anyone is following this.
Post Wed Dec 10, 2014 12:32 am
 View user's profile Send private message
payment proof
Senior Member


Cash: $ 389.20

Posts: 1940
Joined: 16 Jan 2011

 Reply with quote  

I follow digital currency to a point, but I still prefer real currency. It could be a matter of time until the digital currency market crashes. That's my fear anyways.

See Proof. You can make free money online.
Post Wed Dec 10, 2014 3:48 am
 View user's profile Send private message Visit poster's website
SANCHO1984
Member


Cash: $ 0.55

Posts: 17
Joined: 10 Feb 2015
Location: Bangkok and Singapore
 Reply with quote  

Honestly buy gold and silver and strong currencies like Switzerland, Norway or Singapore. Theses ones have solid foundations
Post Wed Feb 11, 2015 3:39 am
 View user's profile Send private message Visit poster's website
Wino
Senior Member


Cash: $ 113.80

Posts: 560
Joined: 03 Aug 2012
Location: Dubai
 Reply with quote  

quote:
Originally posted by SANCHO1984
Honestly buy gold and silver and strong currencies like Switzerland, Norway or Singapore. Theses ones have solid foundations
Gold and silver and foreign currencies?!

Why? There is NO value in gold or silver beyond what someone else is willing to pay for them. In a stock, if the company improves itself, the value behind the stock increases. With gold, it's a pretty rock, and NOTHING MORE.

Foreign currencies?! You must be joking! Unless you have 12 hours per day and millions to invest, there's no way you're going to make enough money to do anything at all. I have LIVED overseas for over 20 years, so I'm intimately familiar with currency fluctuations. There are too many uncontrolled variables, and too little to work with to figure out which country will have the stronger currency.

You're much better off in a managed mutual fund.

I don't understand your constant mantra to buy gold, silver, and foreign currencies. No doubt you're either heavily invested in both - and therefore need other suckers to help your holdings' price increase - or you're going to eventually saddle us with a web site that promotes these items, and where you'll get affiliate income for sending us there.

Please explain why a rock or a piece of paper is a better investment than a growing company.
Post Wed Feb 11, 2015 6:09 am
 View user's profile Send private message
christcorp
Preferred Member


Cash: $ 39.85

Posts: 199
Joined: 05 Mar 2015
Location: Wyoming
 Reply with quote  

I know I am posting late to this thread, but I just couldn't hold my tongue. To believe that Silver and Gold have no value; other than what someone is willing to buy it for; and that it's not a good investment...... Well, that's simply naive and ignorant.

While I do concede that collecting silver and gold coins based on collect value because of certain dates or rarity is strictly based on what someone else will pay for it; that is NOT the same as buying silver and gold bullion. I've devoted too many years researching this. Silver and Gold are 2 of the very few things in our global society that actually IS OF VALUE! This is why countries like russia and china are buying so much of it. This is why some of the richest people on the planet buy it. Silver and Gold have been of value for thousands of years. The best part of it; with the exception of a few out of the ordinary surges and drops, the same ounce of silver or gold today, can buy you pretty much the same thing that an ounce could buy you more than 100 years ago. Silver and gold preserves wealth. Unlike the dollar or any other fiat paper currency that is affected by inflation and can't come close to the same buying power it had 100 years ago.

Am I saying you should invest all of your money and retirement into silver and gold? No, not at all. I don't believe in investing everything into any one area. You must be diversified. But to have total faith in the stock market and mutual funds, but not in any silver or gold is just plain ludicrous. Silver and Gold have NEVER Changed in Value over the years. Only the currency you exchange for it has changed. In other words, when you see the price of silver and gold going up or down, IT ISN'T WHAT'S CHANGING!!! It's the "Value" of the "Dollar" which is changing. Again, you can buy the same thing today with an ounce of gold or silver that you could 100 years ago.

I have stocks. I have bonds. I have mutual funds. I have IRA's. I have my 401K. I have a cash savings. I have real estate that is paid off. I also have silver and gold. And for those who actually understand what I'm saying and the importance of having silver and gold; I'm NOT talking about PAPER Silver and Gold. I don't believe in ETF's or Silver/Gold stocks, or mining stocks. I'm talking about physical silver and gold that you can hold in your hands. If for some reason, a time of hyperinflation comes, and the stock market tanks, gas is $10 a gallon, bread is $4 a loaf, etc. Your employer, bank, 401K, social security, etc. isn't going to give you MORE money because the cost of living has dramatically increased. You're going to be living off your savings and depleting it. You're going to tap deeper into your 401K, IRA, etc. This happened a LOT in the 2008-2010 time frame when things changed. Those who could leave their savings and mutual funds/IRA/401K alone, were able to weather the storm and do well when things turned around. Those who couldn't, and had to tap these assets, have almost NOTHING to see them into retirement. But 300-500 ounces of silver could have MORE than supplemented your income for about 3 years. Trading back 10 ounces a month, with an average silver price of $30, (It went from the $teens to almost $50), would have supplemented you $300-$500 a month for 3-4 years.

There's no way you could have done that with cash. And if the markets tank, that doesn't help you. Silver and gold (Bullion in your hand), is a fantastic INSURANCE POLICY!!! You buy insurance for cars, home, and life. And guess what??? If you DON'T have a car accident.... If you DON'T Dies..... and If you DON'T have your house burn down.... You DON'T GET YOUR PREMIUMS BACK!!! But with silver and gold, it will NEVER be worth $0.00 like a company stock can be. And if the time comes that there hasn't been an economic time where you needed to cash it in, you still have your premium. You can leave it to your kids. You can cash it out and spend the cash. You don't lose your premium like you do with ALL other forms of insurance.

I definitely recommend 401K, 457b, IRA, Roth, Bonds, savings accounts, some more secure savings like CD's and I-Bonds, real estate, and many other investments. Especially as part of your retirement plans. But if you don't have between 300-500 ounces of silver.... and about 3-5 ounces of gold, (As your insurance policy against inflation and to preserve your wealth), then you may find yourself like many in 2008, in the 1980's and 70's, and many other times in history, where they went through their savings and retirement accounts and were in a world of Shiite when it was all over.
Post Sat Apr 11, 2015 10:26 pm
 View user's profile Send private message
selina9
Contributing Member


Cash: $ 2.75

Posts: 27
Joined: 17 May 2016
Location: ctg
 Reply with quote  

Me too
Post Tue May 17, 2016 11:09 am
 View user's profile Send private message
rvalmeeki
Contributing Member


Cash: $ 9.25

Posts: 45
Joined: 04 Oct 2017

 Reply with quote  

Just I know about cryptocurrency (bitcoin) it keeps on increasing its value day by day. you can find updated bitcoin price here
Post Mon Nov 27, 2017 9:59 am
 View user's profile Send private message Visit poster's website

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016