Do you think that the central banks are secretly propping up tulips?
I mean bitcoins?
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Digital currencies are one of the most dangerous things ever invented. Just another diabolical way to enslave mankind through a technocracy. The moment the credit card went mainstream about 45 years ago, this was the moment the USA started down that slippery slope of endless irresponsibility and unattainable federal government debt.
Debt enslaves people, it makes them beholden to elitists who hold the keys to rigging and manipulating financial markets and currencies. The day cash becomes obsolete is the point of no return for a free society. The US FEDERAL RESERVE is the most dangerous entity in the world today and the biggest enemy of the US middle class. The rigging of interest rates over the last 25 years has been used to destroy the savers and responsible people in the US middle class. Also, fake interest rates allow a rogue and tyrannical federal government to irresponsibly borrow money at a virtually zero percent interest rate which creates unsustainable debt.
What would our national debt look like today with normal interest rates? It might be lower because maybe real interest rates would have kept these bought politicians in Washington more in check. Then again, could you imagine what the ten trillion dollars in debt piled on to the US by Obama in only eight years at normal rates would be today? Unimaginable....Nearly 2/3 US tax dollars go to finance the interest on the debt. If that isnt the ultimate form of treason by the politicians who have enslaved us, I do not know what is.
Yet what do we obsess about today? Trump being unpresidential. Good gawd if this country hasn't become Ancient Rome on steroids I must be drunk. When you have a citizenry who almost all become willfully ignorant and only obsess over things that don't have any effect on their lives in any significant way while ignoring the things which really matter, you get a society which will inevitably self-destruct. But before this happens the puppeteers who control this scenario become rich with power and money. They are unfortunately the only ones who come out of this standing, sad but so true. How do parasites exist ? By rigging systems and controlling people who do not care.
Debt enslaves people, it makes them beholden to elitists who hold the keys to rigging and manipulating financial markets and currencies. The day cash becomes obsolete is the point of no return for a free society. The US FEDERAL RESERVE is the most dangerous entity in the world today and the biggest enemy of the US middle class. The rigging of interest rates over the last 25 years has been used to destroy the savers and responsible people in the US middle class. Also, fake interest rates allow a rogue and tyrannical federal government to irresponsibly borrow money at a virtually zero percent interest rate which creates unsustainable debt.
What would our national debt look like today with normal interest rates? It might be lower because maybe real interest rates would have kept these bought politicians in Washington more in check. Then again, could you imagine what the ten trillion dollars in debt piled on to the US by Obama in only eight years at normal rates would be today? Unimaginable....Nearly 2/3 US tax dollars go to finance the interest on the debt. If that isnt the ultimate form of treason by the politicians who have enslaved us, I do not know what is.
Yet what do we obsess about today? Trump being unpresidential. Good gawd if this country hasn't become Ancient Rome on steroids I must be drunk. When you have a citizenry who almost all become willfully ignorant and only obsess over things that don't have any effect on their lives in any significant way while ignoring the things which really matter, you get a society which will inevitably self-destruct. But before this happens the puppeteers who control this scenario become rich with power and money. They are unfortunately the only ones who come out of this standing, sad but so true. How do parasites exist ? By rigging systems and controlling people who do not care.
Cierzo · M
The only reason I can think of to do that is to make it crash, as a way to say 'see, there is no safety outside fiat money'.
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Invisible · 26-30, M
@Feuerwehrmann So you think more and more speculators will keep dumping money into cryptos forever? That's the definition of a Ponzi scheme, which is exactly what this is.
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Invisible · 26-30, M
@Feuerwehrmann I read what you said.
[quote]All this seems logical when you assume that large investors will exit the market for bitcoins and other cryptocurrencies. I don't think that will happen.[/quote]
So you don't think investors will exit the market.
Let's consider the two cases we get when we are given this assertion:
1. No investors are exiting and some investors are entering cryptos. (What I initially assumed you meant)
2. No investors are exiting and no investors are entering cryptos. (What your refuting of my assumption has lead me to deduce is your claim)
I don't know how you can possibly think that this is the case. If investors aren't entering or exiting cryptos, why have the prices have risen by well over 200% YTD? Collusion? I think you'll see the impossibility of this, so I'll refer to #1 going forward.
In this case, the way you describe it, the only time that prices would drop is when speculators temporarily exit their positions. They would then, "inevitably" return to cryptos with an equal to or larger position than the one they had earlier. Otherwise, it would be construed as an exit. If this was the case, then the prices would never really drop because there would be no risk. Buying the dip would [i]always[/i] make money. Investors would take advantage of this and make a hard bottom to the price curve. The fact that this doesn't seem to be happening tells you that investors themselves aren't sure if other investors are going to stay in cryptos.
If I'm still wrong in my interpretation, then please point out why rather than telling me to read it again, because at this point I think I've analyzed your words more than you have.
[sep]
P.S. Do you realize how ridiculous this sounds? You need to back the things you claim with reasoning.
[quote]the return to cryptos will seem inevitable because totally digitalized economies in the next 20 years or less is inevitable.[/quote]
[quote]All this seems logical when you assume that large investors will exit the market for bitcoins and other cryptocurrencies. I don't think that will happen.[/quote]
So you don't think investors will exit the market.
Let's consider the two cases we get when we are given this assertion:
1. No investors are exiting and some investors are entering cryptos. (What I initially assumed you meant)
2. No investors are exiting and no investors are entering cryptos. (What your refuting of my assumption has lead me to deduce is your claim)
I don't know how you can possibly think that this is the case. If investors aren't entering or exiting cryptos, why have the prices have risen by well over 200% YTD? Collusion? I think you'll see the impossibility of this, so I'll refer to #1 going forward.
In this case, the way you describe it, the only time that prices would drop is when speculators temporarily exit their positions. They would then, "inevitably" return to cryptos with an equal to or larger position than the one they had earlier. Otherwise, it would be construed as an exit. If this was the case, then the prices would never really drop because there would be no risk. Buying the dip would [i]always[/i] make money. Investors would take advantage of this and make a hard bottom to the price curve. The fact that this doesn't seem to be happening tells you that investors themselves aren't sure if other investors are going to stay in cryptos.
If I'm still wrong in my interpretation, then please point out why rather than telling me to read it again, because at this point I think I've analyzed your words more than you have.
[sep]
P.S. Do you realize how ridiculous this sounds? You need to back the things you claim with reasoning.
[quote]the return to cryptos will seem inevitable because totally digitalized economies in the next 20 years or less is inevitable.[/quote]
SW-User
I think Bitcoin and the other cyptocurrencies are going to be casualties of the public key encryption apocalypse that's going to happen once quantum computers become practical.
Invisible · 26-30, M
@SW-User I don't think that's going to happen any time soon, but if it did, BTC would be the last thing on my mind
SW-User
@Invisible probably it won't be that soon, you're right, but I follow progress on this (I'm interested in a possible use for them in finding protein folding solutions) and it's definitely coming eventually unless by that time people are using some kind of public-key encryption that doesn't rely on the computational difficulty of factoring the product of two primes. You're also right that Bitcoin will be the least of your problems.
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Didn't china just pull the plug on its bitcoin exchanges?