It's funny how he recommended gold + bitcoin but didn't mention silver.  The guy is worth 2.5 billion dollars.  He could probably single handedly pump silver a ton and make lots of money.  I assume he doesn't mess with that market because the bankers would punish him in some way or kill him.

When the debt based system blows up, I could see Bitcoin making a run to something crazy like $10,000-$40,000, especially if it's used as a medium to do things like facilitate gold commerce.  That's a +15-60x.  It sounds stupidly high, but if every millionaire (not even counting billionaires) hedged only 1% of their wealth in Bitcoin, that would be $7800 a coin fully liquid market cap, which would in reality be much higher price because no markets are fully liquid.  

Of course, how many millionaires are going to lose everything because they were all-in on equities and facebook stocks?  It's a hard picture to put together when plenty of millionaires are going to become instantly broke.  Silver is looking to be around a +10-45x, so it will be interesting to see which one performs better given all the manipulations involved either way and how much wealth remains liquid vs how much is frozen or destroyed somehow.

I currently use silver as a savings account and Bitcoin as a checking account.  When I need to spend fiat, I have a reloadable Bitpay Visa card.  You can have $0 on it and send some Bitcoin to an address linked to the Bitpay account, and within 60 seconds your Visa card is credited with fiat.  No need to even use a bank now.

October 9th, 2016 - the day a NYC slumlord defeated the (((new world order))).

Stock market is just another Kosher Khazar Klan scam at this point.

It went up on no volume so it's gonna pull another barn burner rise when the volume comes.

You have not conquered the problem that there's no reason for the common man to use any premine coin ever over just buying the only decentralized currency in the world -silver.

Bitcoin price bump from keeping Anthony Weiner out of office

Reloadable bitpay bitcoin debit card is the best $9 I've spent.  And you can just ignore kiklo posts because everyone with two brain cells knows Bitcoin is almost infinitely granular.  All that matters is what percentage of the chain you own, not how you express those units.

The average lifespan of a fiat currency is 27 years and all economically incompetent individuals will soon figure that out.  The wealth transfer is inevitable, it's only a question of what percentage each alternative to them like metals and bitcoin get.  I don't know about you, but I'm front running the biggest bankruptcy in the history of the world - lot's of irredeemable paper IOUs with no cost to create. 

Silver is gonna be a +10-20x when the debt markets implode so it doesn't really matter where you buy it at.  Maybe far higher, depends if the value of the fiats reaches zero or not before being transitioned to something else.  

If they actually imploded to nothingness, all metals and bitcoin holders are getting a giant wealth transfer from everyone else, but productive capacity would crater so you'd not be able to find lots of items no matter how much money you have.  There will be a lot of dirt cheap real estate, cars, boats, houses, etc, though.

Prepare for more "whoa , this bitcoin thing is an uncorrelated asset" spam in mainstream finance.  Well duh you fucking idiots, if it wasn't we wouldn't have been holding the stuff in the first place.

There's my chart 2 weeks ago.  Cue bob Seger song "still the same"

http://youtu.be/HjDpKeiYxOU



https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary

Just blame Spoetnik.

No, but you may read this:

The price was like $645 in India yesterday.

I tried to get straight to the point on this post.  What's going on right now is either meh slightly bearish, or very bullish:

http://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary

The best article concerning this show is when the actor (who I think is Egyptian descent) was portraying an Egyptian in a different movie and a random black person complained that "black Egyptians" were being replaced by "white actors".

Well, you can also avoid the negatives I listed by society just scaling back.  Having smaller houses instead of paying $1000 a month to air condition mansions, reproducing less, etc.  The current governments actually subsidize R-selection and kind of penalize K-selection, so all that has to change.

I think the world is more likely to enter a dystopia than any knowledge age utopia for several reasons:

1)  Decline in cheap energy - Even if we put up fusion plants everywhere, people think this is free energy, but it's actually expensive energy to start from a state of scratch and go all the way to bringing it to market.  We have made fast leaps in the past due to cheap energy and the golden days of oil being cheaper than water are gone.  This is not the same thing as "peak oil", but peak oil is obviously a real thing, just nobody knows when it happens. The fact people are bothering with shale oil at all is a pretty ominous sign.  Eventually it will require more oil to bring it out of the ground than what the oil is worth.

2)  Diminishing returns of complex systems and inherent centralization of complex systems- There's millions of examples of this.  One example is a research team used to be one person, now you need many people of several disciplines.  It eventually reaches a point where you need a Manhattan project to do anything.  This also entails a mandatory authoritarian government directing those resources for "the greater good" or "progress".  The human brain is also not wired to deal with infinite complexity, this results in being over-stressed.  

If everyone on earth is required to be significantly trained upwards and solve hours of differential equations to earn enough for one cheeseburger, everyone will likely just off themselves, or the system would have collapsed and returned to a far more primitive state beforehand.

3)  Eventual convergence towards a steady state economy instead of one based on infinite growth - If anything, the "golden age" of civilization is probably the days during periods of infinite growth, unsustainable, debt bubbles where you're essentially borrowing from the future to sustain the now.

Summary:  If you want to sustain the current level of "progress", it requires an ever increasing amount of resources, an ever increasing amount of centralization, and loss of freedom.  If you want to sustain the civilization that already exists with no progress, it probably still requires all of these features in the face of declining EROEI.

This is how you Bitcoin:
(I had to make this picture for MatTheMat)