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There is certainly a lot of press about the bitcoin ‘mania’. I do agree that most people are not investing for the tech but due to a fear of missing out!
Yes I agree, but also consider there's a lot of institutional money moving into the space. There's simply no comparison to guide anybody, nobody can say if this is "mania" or "FOMO" or legitimate, sustainable increase in prices. If bitcoin were a stock, it'd have split 5 times already and the price would be in the hundreds. But bitcoin can't split, so, the price keeps going up.
I agree it’s uncharted territory. And the introduction of futures could result in a spike as money flows in, or a major correction as institutions short it! Interesting couple of weeks.
I agree with you
I hope those keynsians cry themselfs to sleep over it lol Idiots preaching stupid economics to our kids!
nothing will stop bitcoin
i Think thr is a very gud chance of crypto currencies getting banned in variuos countries...coz anonimity in transaction can lead to terrorist activities also individuals can use it to skip thr taxes
Yes some countries will. Other countries will see the opportunity that creates for them if they embrace cryptos. Crypto bag holders now have the funds to relocate to a place where their money will be readily excepted. Up to now, these people have generally been highly skill in IT or other technology related field. So if countries want to cause a brain drain of the people they need for a successful future economy then just let them try to ban cryptos. Its a big world they can't control it all.
Yeah, like terrorist could not survive without crypto, and people wont avoid taxes without crypto...
Umm they can but it makes thr lives even easier ..... and about taxes thr r not many ways u can skip international transaction costs for a large amount of import export business u may taxes in millions...now what if u show government that ur buying good worth 1 million and actually transfer stuff 10 million...and pay the remaining via crypto currencies?
according to me,bitcoin is a software,not a currency and we buy and sell a software.
Important information about the coming Currency Reset:
With ‘Everyone’ focusing on a currency reset such as Cryptocurrency and/or Gold & Silver, it is obvious that the “Powers that Be” are going to do something different. I.E. showing us the Right hand while the Left is what is actually going to happen.
Article 1 Section 8 (US Constitution):
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”
This being said… U.S. Coinage could be a way to solve many issues. By doing the below paragraph, the U.S. Government can wipe out the National Debt, rid the Central Banks and their Reserve Notes, and allow the Government to trade Foreign goods via a Gold/Silver backed currency. U.S. Coinage would only be allowed within the U.S., much like all other world currencies.
This method would Not cause Riots on the streets of America because people would feel as though they are actually winning out in this scenario. The American people would most likely maintain the current living standards but feel like winners in that the price of goods would be cheaper. I am not sure exactly how it would work cause I cannot predict the future, however, by repricing things such as Gas ($2.49 would become $0.03 per gallon) and everyone would just use coinage. Where the Government wins is that they wipe out the National Debt, but they win again because the American peoples Debts would just be revalued ($230,000 mortgage would now become $2,300). These are just examples, however, I believe you can see where I am going with this method.
With the Federal ‘Notes’ being printed by an organization outside the Government and U.S. Coinage (ie…pennies, dimes, quarters, etc.) being made by The Mint. There is an understanding that the reset may take place using the current coinage in circulation (not Silver coins, regular everyday zinc coins today).
These coins could be reset at an estimated value of 100x the current value giving them buying power that can replace the ‘Notes’. This would take the US Dollar off the Reserve status and allow for a quick and easy transition that would not start riots in the streets.
I would like to hear your take on this?
no one will stop bitcoin, those people are diying from jalousie and old thinking, the new generation will understand bitcoin better and they already did, so bey bey banks welcome cryptocurrencies ☺
Thank you boss
thank you for sharing
Jeff I hope you are right but I thought they were freaking out when silver went to 50 dollars, but they always pull some rabbit out of the hat. I hope this is not just part of their plan.
world is moving on without these guys
Bitcoin=10 x 1oz gold.
This is a nice topic
I think there is a very good chance of crypto currencies
getting banned in some countries.
very informative post dear @dollarvigilante
Indeed! Bitcoin of late has become a phenomenon, it has broken a lot of theories that are tied to classical economics. @dollarigilante you are right!
I like this version of the Stiglitz video more. It's easier to hear what he's saying! LOL
Gold is created by Supernovas (Fire) <--> Crypto is created by (Air)
Two Elements... which will win?
Ofc Gold is nice and shiny... you can hold it in your Hand, its tangible...and you can get nice Jewelery for your Girl...
But have you ever tried to survive without Air? ;-)
So what do you think is worth more?
Also i believe the the Gold Price will crash in a Bottomless Pit in the next 10-20 Years.
The Current Value is created by Scarcity...Most of the 171000 Tons of Gold on this Earth are stashed away in Vaults... while the Scraps in Circulation get more Expensive (supply and demand). The Objective Reality is... Gold has not special attributes (Conductivity etc) compaired to other precious metals. I think some State will try another Gold-backed currency in the Future... but it wont keep up with the Cryptocurrencys.
The rich guys, the banks, the states... they dont realize they're sitting on a lot of useless scrap metal.
But they will understand.. sooner or later. Mark my words ;)
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Apparently bitcoin is the future and governments and banks know that. People should not be afraid of their governments, governments should be afraid of the people and they sure will, the time will decide.
Hahaha I love it !
they are about the get even much shock since the world is going crypto
Wow. Somebody is really calling 911 in here. :)
I think this is a great oportunity for developing countries to get on board. Venezuela is the first one, i think, altough i don't have a lot of confidence they will make make it work. But still...
But is it safe?
Your post was mentioned in the hit parade in the following categories:
A lot of people are scared to put money into something they cannot touch or feel. When I ask my friends why they don't enter into BTC that is their usual reason :/
is this recent spike going to be the greatest bubble of all time eventually?
this is hilarious how these regulators act like they know more than 20% about how bitcoin works.
CNBC is pumping bitcoin not bashing it largely.