It's back at your top there, sgbett. 

"Financial adviser". A Keep-you-poor adviser is more like it.

I had a tax accountant/ financial adviser once. When he found out that I had invested majorly into Bitcoin in 2013, he told me that I was a fool and the minute it went up even a little that I should sell it all.

I was so irritated with his bad attitude, that I immediately dumped him and started doing my own taxes.

If I had taken his advice, I wouldn't be where I am today looking at early retirement. Not even close.

Poor Jamie Dimon, he shouldn't have shorted.   

Haha, yeah no doubt. The horses don't even know what silver is worth...

https://www.youtube.com/watch?v=6gmp2IqReFQ

Holy shit, I never ever thought I would see a headline in the MSM like this:

How to give the gift of bitcoin this holiday season
https://www.cnbc.com/2017/12/10/how-to-give-bitcoin-as-a-gift.html

 

I'm pretty good at 'reading between the lines' when I hear someone speak. Just like Cramer and some of the others, he's worried about finding enough supply. In their nice comfy little elite world of equities, supply on a new IPO launch is not hard to come by. And with enough supply comes control of the market.

But with Bitcoin, Peter knows that supply would mainly have to come from existing Bitcoin holders, a stubborn lot who isn't going to part with them. So the tiny exchange float will have to get bid up to the absolute moon in order to pump liquidity into the futures trading market. Literally. Like they would have to bid Bitcoin up to $100k/btc to reach optimum liquidity. And he fears that such a price would ring the bell of many of the original Bitcoin holders, who then would dump all of their bitcoin back into the market. Thus in his mind sending bitcoin "back to zero".

But we all know that would just never happen. Those original early adopters are already sitting on tens of thousands of bitcoins and have been for eons, and they haven't sold them all yet. In fact the higher the price goes, the more hodling they will do. They are probably thinking generational wealth. I know I am.

This is the second time I've heard him say that "long term Bitcoin will be zero". I can't even process how he came to that conclusion, since Bitcoin has seemingly been non-zero (and climbing) for 8 years now WITHOUT a futures market.

The only way for them to build massive liquidity in XBT Futures is to buy LOTS of bitcoin. Which is like shoving the contents of Lake Superior through a backyard water hose. It will take them years of pumping.

I've been thinking about this as well. I mean, after a futures market and eventual ETFs, what other "legitimacy event" do the Average Joes of the world need? What else is it going to take for them to wake up start taking Bitcoin seriously?

I'm guessing what they need is all the world's MSM websites, financial experts, Nobel prize winning economists, Warren Buffett, Jamie Dimon, and maybe even Prof. Bitcorn himself to tell the people that Bitcoin is "A-Ok" and they should get invested.

Here, let me try:

Seven lies that Fiat-lovers tell themselves and anyone else who will listen

1. The dollar has value because it's backed by the Fed and the U.S. Govt.
2. A dollar today is as valued as a dollar 50 years ago.
3. Dollars aren't used for domestic or international crime, like at all. Nope.
4. Banks keep all of the dollars that you and I have in our accounts, in the actual bank. Each digital $ has a real physical dollar backing it 1:1. All those printed dollars are stored in actual vaults.
5. You can go and withdrawal all of your cash from your bank account any time you like, even if you have > $3000, or even $1M
6. When you store your money in a bank, no one can steal it from you.
7. When you store your money in a bank, it'll earn interest on your savings.

Shit, already up to seven, and I have like 100 more... ah well..

A: Because banks will have to put up with Bitcoin trading to support Bitcoin ETFs. That's probably the only reason.

Aww man, that's just criminal. These banks are going to go extinct.

Bitcoiner cashes out $1M to fiat.

Two weeks later his $1M is worth $800k compared to the btc he sold.

4 months later his $1M is worth $400k compared to the btc he sold.

Gotta love fiat lovers that like to get poorer by the month. 

No one gives a shit what that idiot has to say about Bitcoin.

He created the contentious abomination that is BCash, so he can go choke on his shitcoin losses.

This a time delay exploit that the whales traders will be able to use again and again.

They will shake people out, and while their fiat cash out is trapped in limbo, the whales will be able to move the market back up and fiat sitting in limbo won't be able to get back in.

To all those geniuses out there saying that the Futures market will be the end of Bitcoin.

If they really wanted to crash and end Bitcoin, then there wouldn't be a "future" to the Futures market that they have worked so hard and so diligently to create in the first place. Now would there?

Capisce?

Long term, it's going up. Guaranteed.

Y=YOLO

For your entertainment and viewing pleasure.

This is the "Gotta-scare-those-average-joes-away" and "See-I-told-ya-so-its-a-bubble-ponzi-scam" portion of the show.

Are you entertained?