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Panic now or wait till 1945 is breached and the flood gates open to $16xx?
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and now imagine the price of bitcoin, if such inflationary assets like metals reach $5-10k
I can tell you exactly what will happen. First of all, the crypto market cap is currently higher than that of silver, so cryptocurrency is not some small cap item that will rise faster than anything else. Secondly, people who have worked their entire lives to save up and then see the system melting down and their money vaporizing before their eyes are only going to be interested in the safest bet possible, and that is not cryptocurrency. In event of crap hitting the fan, 90%+ of money taking flight is going to things like metals and then some money into other tangibles like property, cars, etc, like what happened in Venezeula/soviet union. Shit hitting the fan is not really that beneficial to bitcoin due to the Joseph Tainter quote: "Collapse is rapid simplification on a mass scale" Things collapsing means bitcoin will be completely unusable rather than gaining some type of value. The only reason a handful of people in Venezeula found any type of use in it is because they used it to buy from other nations that haven't blown up yet. If the "west" implodes, you can't do that. |
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That article looks like he was debunking himself in the process. I mean, so what if he *claims* to have data going back beyond 1971, he doesn't have data encompassing all possibilities. Then you have the Joseph Tainter quote: "Collapse is rapid simplification on a mass scale". When that happens, actions in the present will resemble actions in the past of which records were not kept. |
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Are you dumping silver for cheaper BTC rebuy ?
What kind of fool would do that? Silver is at cost of production or even below it for some miners. Silver is a far better buy than BTC. Next metals bull run will probably be gold $3000-3200, silver $90-120. If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200. If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical. Another lunatic precious metal shill like cliff high. Hilarious stuff man, haven't learned your lesson since you bought up gold with ur BTC huh Cliff High is more of a lunatic btc shill than metals shill, or just a lunatic in general. He was telling everyone to buy cloakcoin for fucks sake. |
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Are you dumping silver for cheaper BTC rebuy ?
What kind of fool would do that? Silver is at cost of production or even below it for some miners. Silver is a far better buy than BTC. Next metals bull run will probably be gold $3000-3200, silver $90-120. If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200. If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical. |
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BTC
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Waiting for a cheque to clear
It's not stopping till at least $1600's; better delay that check. Anyway, there is no reason for bitcoin to exist ever since ASICs were created, so let this shit implode with 500 forks and then Luke Jr (or Ruke Junya as he is known in China) can change the PoW algo to GPU mining and bitcoin can have some type of reason to exist again. |
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Waffen SS leader Alex Jones' stunning prophecy from weeks ago comes to pass:  |
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Morale will improve until beatings continue
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It's not a valid argument. It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time. That friction is required for anything to exist at all and also for things like decentralization to exist. Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money.
Baloney  |
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I am touched. You say that cryptocurrency does not improve on metals in any way? I shall make you a deal- if you can send me 1 Ounce of Gold to arrive to me in the next hour- I shall pay you $10,000 (because thats how much I loves me some gold) for it in Bitcoin which should likewise arrive within the hour? Sounds like a fair deal to me. It's not a valid argument. It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time. That friction is required for anything to exist at all and also for things like decentralization to exist. Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money. It's a pro-hyper globalization argument when globalization just leads to collapse. It's like Joseph Tainter says, "collapse is rapid simplification on a mass scale". Such a thing can only happen if all systems are interconnected under globalization. It's necessary to buffer systems off from one another induced by friction to avoid said outcome. |
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Was always a little curious about people's long term 30-40 year outlook on hard metals in relation to asteroid mining myself.
The cost of production of space rocks will always be vastly higher than earth rocks, so it doesn't matter whatsoever. We would probably mine things like the ocean floor long before trying to mine metals in space. |
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I'm curious as to how a whole global, or even national society, can function on a UBI if that society were to use an asset like Monero or even Bitcoin as the new currency.
This will probably be the most unpopular post ever in the Monero thread, but why would you want such a thing to happen? Cryptocurrencies are rent seeking usury systems. Yea yea, Monero is one of the best of the worst, but they are generally all worse than gold and silver. Smooth doesn't seem to be all that bullish on cryptocurrency in the first place so I doubt he will even bother trying to put up an argument against this, but I'm sure people like Icebreaker and Articmine will try: http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie |
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That is a pretty heavy drop currently.
Ether is tanking brutally.
The cryptocurrency market has been pure garbage for a while now. Some big group(s) whether it's R3 or Digital Currency Group or both first pumps BTC, then pumps all alts one by one, then pulls the plug on everything simultaneously after they run out of fools to buy their pumps. You know damn well the Poloniex staff are involved as accomplices in the pump and dumps too. Anytime I mentioned a coin that I knew was going to rise in the troll box and told people to buy it, the mods went ballistic. But it doesn't stop there. You see, the R3 banker dirtbags favor Ethereum as their scamcoin of choice since they own it all, so they pumped Eth to the moon and then put up big ask walls in both Litecoin and Monero and a few other coins to try and prevent people from doing anything in those markets to try and get people back into Eth to buy their overpriced scamcoin pump. This whole market is a giant criminal racket led by R3, DGC, Poloniex staff and a few others (maybe some guys like Pantera Capital but not sure about them). Poloniex even adjusted their fee structure to give the R3/DGC pumpers no fees for high volume wash trading. To make things even worse, when they pull the plug on BTC + alts, they let everything implode while putting up giant support walls on Ethereum so that each market implosion always has Ethereum gaining ground in market share compared to bitcoin and all other alts. Vitalik should be public enemy #1 for helping the bankers attempt to take over cryptocurrency. As for me, I don't really give a shit. I was dumping bitcoins for silver as fast as possible from $2700 to $2500 because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way besides how fast you can dump them. |
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I predict a sharp uptick in btc price in the NEXT 24 HOURS!!
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