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Ditch the USD for real assets while you can

submitted by virge to whatever 2.7 yearsAug 20, 2021 14:26:30 ago (+15/-0)     (whatever)

The end of this currency system is imminent.


52 comments block


[ - ] MasterAce 11 points 2.7 yearsAug 20, 2021 14:42:35 ago (+11/-0)

Also back up the entirety of the Internet and shoot 10,000 bullets into your backyard berm everyday.

[ - ] Rotteuxx 2 points 2.7 yearsAug 20, 2021 14:49:36 ago (+2/-0)

Le kek!

[ - ] MasterAce 1 point 2.7 yearsAug 20, 2021 14:52:10 ago (+1/-0)

Glad to be of service!

[ - ] 1Icemonkey 1 point 2.7 yearsAug 20, 2021 23:20:07 ago (+1/-0)

How did you know I had a backyard berm?

[ - ] MasterAce 0 points 2.7 yearsAug 21, 2021 01:02:56 ago (+0/-0)

You bragging!!
But no this is a reference to claims made by the virge acct on V1.

[ - ] deleted 8 points 2.7 yearsAug 20, 2021 14:35:21 ago (+8/-0)

deleted

[ - ] gimpyoldman 6 points 2.7 yearsAug 20, 2021 14:53:11 ago (+6/-0)

If you have storage space, and don't plan on moving... decades supply of non-perishable items, before inflation gets out of control. Shoes, clothes, gloves, dry food, towels, soaps, etc. Things that you will use on a regular basis. If nothing 'bad' happens, at least you beat 'normal' inflation.

[ - ] MaryXmas 2 points 2.7 yearsAug 20, 2021 22:27:32 ago (+2/-0)

You can buy a 50 lb bucket of sodium hydroxide. Probably less than $100. That is lye and can be used to replace all of your cleaning solutions. It can be a detergent, cleaner, or you can make soap out of your enemies.
I have sodium hydroxide and a few bottles of pool shock which is the same chemical as bleach in higher concentration(12%).
Add a little ammonia, some baking soda and vinegar and you can start a little chemistry lab.
Seriously. This stuff is no joke. Take precautions when using.

[ - ] TerryB 4 points 2.7 yearsAug 20, 2021 16:46:37 ago (+4/-0)

Learn Crypto now. Take 2 weeks and teach yourself. Worth your time even if you decide not to buy it. You don't want to have to buy it in a panic and not know what you are doing.

[ - ] JurassicFart 0 points 2.7 yearsAug 20, 2021 16:53:53 ago (+0/-0)

Teach me the way, reliable source of info?

[ - ] toobaditworks 2 points 2.7 yearsAug 20, 2021 22:30:54 ago (+2/-0)*

I can't teach you these things but I can tell you things you need to learn. It does take time and you get better over time but you have to want to do it. By learning these things you will be investing in yourself and making money. It will pay off. These techniques work for stocks and crypto.

1. You can lose money. Not every trade works out.

2. If you lose money don't get upset. Get back on the horse. The main thing with trading is to buy low and sell high. If your trade goes lower than your entry point and you have set a stop loss and it gets triggered and you lose some money just find another trade and make up the loss.

3. Losing money is not such a bad thing. Up to $3000 can be deducted from your taxes every year from losses from trading. This money rolls over. So if you lose $6000 in one year you can deduct $3000 on that years taxes and then the next year you can deduct another $3000. This can go on forever if you lose that much. Try not to lose that much though.

4. It's very important to know entry points and exit points IE: When to buy and when to sell. I will list some things below that will help you find these entry/exit points. Learn them.

People have researched the markets since the 1920's and have found, using the data, that you can find good entry/exit points. Since the 1980's computers have been doing a lot of the trading and now with online trading it's even more so. Bots (computer programs) are programmed to recognize certain trends and automatically buy/sell when they see certain patterns and certain candlestick patterns. People can trade the same way and find these same patterns. There are books and youtube videos out there that can help you with this.


Things to learn:

Japanese Candlesticks
Patterns: thepatternsite.com
Finding Trends-drawing trend lines
Harmonics: look into Mitch Ray TA on youtube
MACD
RSI
EMA/SMA
Stop loss

This is a lot to digest but it's worth it to learn.

- Main patterns to look for: Ascending/Decending triangle, Falling/rising wedge, Symetrical triangle, Head and shoulders/inverse head and shoulders

- Learn Divergence and how to find it using the MACD and RSI and the candlesticks

- Take the time to watch and learn what's in this video: https://www.youtube.com/watch?v=QgaTlTfQnZI

Enjoy!

[ - ] TerryB 2 points 2.7 yearsAug 20, 2021 17:14:37 ago (+2/-0)

There are a heck of a lot of video guides out there. Sort of depends on your skill level (with a computer even). Here are the most important things to know:
-Don't trust someone else or some company or an exchange to hold your coins. You wouldn't trust a bank's security deposit box not to be raided when shit hits the fan and likewise don't trust others to hold your crypto. If you buy it from an exchange, get it off as soon as possible have the private keys in your wallet.
-Back up your wallet properly. The wallet will give you a type of code that you can use to recover if something messes up. Like a computer crash or house fire. So you then plug this code into a new download of the wallet and then you get your stuff back. Many different ways to back up this code in real life. Like stamping it out onto stainless steel plates so that fire won't destroy it. Keeping copies at a trusted 2nd location or 3rd location. Breaking up the code and keeping the parts in different locations.
-If you have enough wealth in crypto that you would be very upset to lose it then put those cryptos into a 'cold storage' wallet.

[ - ] TerryB 2 points 2.7 yearsAug 20, 2021 17:17:08 ago (+2/-0)

And try to start slow. Try buying something like $50 worth of Litecoin. Then experimenting with how to send it with the wallet(s) to get a feel for that.

[ - ] JurassicFart 0 points 2.7 yearsAug 20, 2021 21:50:25 ago (+0/-0)

Thank you

[ - ] deleted 0 points 2.7 yearsAug 21, 2021 02:18:56 ago (+0/-0)

deleted

[ - ] MaryXmas 0 points 2.7 yearsAug 21, 2021 05:49:46 ago (+0/-0)

My %1660 annual gain tells me it was a good choice.

[ - ] deleted 0 points 2.7 yearsAug 21, 2021 07:15:04 ago (+0/-0)

deleted

[ - ] account deleted by user 1 point 2.7 yearsAug 21, 2021 10:55:04 ago (+1/-0)

account deleted by user

[ - ] MaryXmas 0 points 2.7 yearsAug 21, 2021 18:37:41 ago (+0/-0)

So start with economic structure. Austrian lines of thinking say that there is a finite amount of a tangible item (gold). The system falls apart when people replace that gold with fiat (paper). So, it doesn't really matter what you put your money in as long as there is a limited supply. Baseball cards are fine too as an example. The catch is- a lot of coins are gaining in popularity and they will never be minted again. If everyone wants a slice, they have to pay a premium. This is important if the dollar continues to fall in value. The coins will always be worth what the collective community will pay for access to funds.

[ - ] MasterAce 3 points 2.7 yearsAug 20, 2021 14:44:07 ago (+3/-0)

Uh you may not want to tell people that.
I know this is anon and likely doesn’t matter here but it’s a good rule of thumb.

[ - ] deleted 1 point 2.7 yearsAug 20, 2021 15:01:33 ago (+1/-0)

deleted

[ - ] MasterAce 2 points 2.7 yearsAug 20, 2021 15:24:19 ago (+2/-0)

Good, I fucked up years ago and a hard lesson was learned.

[ - ] deleted 1 point 2.7 yearsAug 20, 2021 15:41:47 ago (+1/-0)

deleted

[ - ] MasterAce 2 points 2.7 yearsAug 20, 2021 18:43:27 ago (+2/-0)

Ya well we all make mistakes, as long as you learn from it.
I guess you could say it was a valuable lesson.

[ - ] revelation2_9 3 points 2.7 yearsAug 20, 2021 18:29:12 ago (+3/-0)

Basics that people actually give a shit about when SHTF that you can barter with. Soap, lighters/lighter fluid, trashbags, lifestraws, canned food, antibiotics, toilet paper, etc. Silver won't be all that valuable until shit is unfucked. If you don't stock up on these things, you just might find yourself trading an ounce of silver per can of tuna from someone that did.

[ - ] Fascinus 1 point 2.7 yearsAug 20, 2021 19:53:15 ago (+1/-0)

This is the sort of thing covered in https://shtfschool.com/

How (and examples of which) items may have different values over time, along with other useful advice, e,g, fortifying a residence and sanitation.

No, I don't get a kickback for recommending it :)

We are a community. We all benefit from each other's success.

[ - ] deleted 0 points 2.7 yearsAug 21, 2021 02:21:09 ago (+0/-0)

deleted

[ - ] 1Icemonkey 2 points 2.7 yearsAug 20, 2021 23:21:39 ago (+2/-0)

Unless you can melt that silver and gold down and cast it into bullets, it isn’t worth much. Food stores, guns, ammo, medical, fuel and water filtration supplies.

[ - ] Prairie 2 points 2.7 yearsAug 21, 2021 01:16:22 ago (+2/-0)

But you can only stack so much food, guns, ammo, medical fuel, water etc. Unless you just want to go all-in on collapse and be financially ruined if it doesn't come to be.

[ - ] chrimony 1 point 2.7 yearsAug 21, 2021 04:01:52 ago (+1/-0)

Then invest in property. If you're in the city, get somewhere to go out of the city. Invest in machining tools, start your own small business, whatever. Hoarding precious metals isn't productive.

[ - ] Prairie 0 points 2.7 yearsAug 21, 2021 08:47:49 ago (+0/-0)

Holding assets is delaying consumption. This is productive on a whole by freeing up resources for others.

[ - ] chrimony 1 point 2.7 yearsAug 21, 2021 09:10:27 ago (+1/-0)

By HOARDING precious metals, you are doing the exact opposite of freeing up resources for others. Gold is used in electronics. Lying around it does nothing. If you INVEST in PRODUCTIVE resources, you increase resources for others and yourself.

[ - ] MaryXmas 0 points 2.7 yearsAug 21, 2021 18:39:11 ago (+0/-0)

A lot of people miss this point. It is actually an insurance policy, not an investment.

[ - ] Love240 0 points 2.7 yearsAug 21, 2021 18:42:25 ago (+0/-0)

You're assuming freeing up of precious metals is desirable. And the result is electronics, again, assuming that is desirable. As time goes on (iot, security breaches, intentional and accidental) it doesn't appear they are so objectively desirable.

[ - ] chrimony 0 points 2.7 yearsAug 21, 2021 18:54:03 ago (+0/-0)

Better than HOARDING "my precious".

[ - ] Love240 0 points 2.7 yearsAug 21, 2021 18:59:06 ago (+0/-0)

That's subjective. But if it's Idolatry to you, then don't save any.

[ - ] Prairie 0 points 2.7 yearsAug 21, 2021 21:44:35 ago (+0/-0)

Gold is mostly used as a store of value. Only 8% of mined gold is used in electronics. The rest is central banks (8%), jewelry (37%), and investment (47%), all purposes for which a higher value is only more beneficial. Holding money until you're ready to consume frees up valuable productive resources. Think about it: you've done useful work but aren't taking anything useful back yet. Someone else can use those productive resources.

[ - ] chrimony 0 points 2.7 yearsAug 22, 2021 02:09:03 ago (+0/-0)

Hoarding is not productive. Period. Investing in productive actions is. Period.

[ - ] Prairie 0 points 2.7 yearsAug 22, 2021 07:03:21 ago (+0/-0)

I don't think you understand working when you're most productive in order to save for times when you're less productive.

[ - ] chrimony 0 points 2.7 yearsAug 23, 2021 02:40:14 ago (+0/-0)

I don't think you understand that there are more productive ways to save than hoarding precious metals.

[ - ] MaryXmas 1 point 2.7 yearsAug 21, 2021 18:40:50 ago (+1/-0)

This is an important point. If you are afraid to the point of ruining your life, it doesn't matter if you are still alive, you won't have a reason to be alive.

[ - ] Rotteuxx 2 points 2.7 yearsAug 20, 2021 14:54:49 ago (+2/-0)

Copper isn't a bad choice either.

Free scraps accumulated over time or garage sale finds are a good way to stock up. It's worthwhile enough that some people risk their jobs to steal left over wire bits, a few years back we had entire telephone line sections getting cut off the poles & burnt right there to unsheave the wires.

[ - ] Fascinus 2 points 2.7 yearsAug 20, 2021 15:49:13 ago (+2/-0)

Any other suggestions?

https://shtfschool.com/

[ - ] Bottled_Tears 1 point 2.7 yearsAug 20, 2021 17:52:14 ago (+1/-0)

Bullets and no joke. Pokemon cards. They have crazy value and collectibles will be go up in a transition to new currency.

[ - ] letsgetit 0 points 2.7 yearsAug 20, 2021 17:06:22 ago (+0/-0)

Sound advice, but the market is kind of oversaturated atm

[ - ] BlowjaySimpson 4 points 2.7 yearsAug 20, 2021 15:32:28 ago (+4/-0)

Source is @virge: The notorious and highly competent geopolitical divination guru, investor-tier whaledick, and infallible economist.

[ - ] ruck_feddit 2 points 2.7 yearsAug 20, 2021 16:37:22 ago (+2/-0)

You got me with "whaledick".

[ - ] OhBubba 2 points 2.7 yearsAug 21, 2021 03:11:16 ago (+2/-0)

I couldn't get no silver, I couldn't get no gold
You know that we're too damn poor to keep you from the gallows pole

[ - ] account deleted by user 0 points 2.7 yearsAug 21, 2021 10:56:18 ago (+0/-0)

account deleted by user

[ - ] SilentByAssociation 1 point 2.7 yearsAug 20, 2021 17:23:15 ago (+1/-0)*

It would sure seem so. Get ready for a digital dollar within the next decade.

Interestingly, United Wholesale Mortgage may start accepting cryptocurrency payments as early as this year. Who would have thought that people could start paying their mortgage with bitcoin this soon? Ethereum is on the table as well, and other alt coins could be accepted in the future.

[ - ] Tallest_Skil -2 points 2.7 yearsAug 20, 2021 14:48:20 ago (+3/-5)

imminent

And has been for 107 years. It’s not going to collapse.

[ - ] MaryXmas 1 point 2.7 yearsAug 20, 2021 21:11:47 ago (+1/-0)

Every fiat currency system in all of history has collapsed. ...Except for the dollar.
Tell me soothsayer, where do you find your truth?