This graphic is really cool. I especially liked it at the beginning. When it started getting really big it was just too much to wrap my mind around. Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!
I just checked out my own wealth at Global Rich List and I'm in the top 1.03% when it comes to income, which is shocking since from where I'm from it isn't even considered that much. It isn't bad, but it isn't considered crazy wealthy. Surprisingly enough when I went to the wealth calculation it was 12.63%. I expected it to be even smaller since I love to save/invest, but that was not the case. Thank you and thats great news for you. I hope this visual at the url in the OP helps teach something to readers here. It gives great reason for the past, present and future rise of Bitcoin's price as fiat is continually devalued and worthless. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat system broke a couple of decades ago. Fiat around the world is heavily infested, burdened and broken with: -regulatory burden on fiat banks & system (incredibly costly) -insurance fraud -false claims and insurance losses -unemployment & other welfare costs -inflating fiat to keep stock market rising and to keep house-prices from collapsing -financing conflicts, bombs, and "aid" -stabilize regions after natural disasters -keeping monopolies with internet access centralized and search engine crawlers centralized -money laundering -chargebacks -frivolous legal costs (lawsuits bogging the system down) -state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists) -retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations) -fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice) -costs of auditors and budgetors and accountants to governments and businesses Bitcoin, systemically, is free from these burdens. |
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Do you think there would ever be a time the CIA or some central-authority-agency would in someway sponsor activities that would hurt Bitcoin's image in the world?
What do you think?
They already doing it. All the time they are saying that bitcoin kills their system and harms people in their countries. As everu governmental structure they accepting technologies mutch slower than anyone else. I belive they should change their system so they should coexist with crypto. You may be right, but isn't it ironic that these governments consistently work harder to destroy fiat's value? Fiat around the world is heavily infested, broken, and burdened with: -regulatory burden on fiat banks & system (incredibly costly) -insurance fraud -false claims and insurance losses -unemployment & other welfare costs -inflating fiat to keep stock market rising and to keep house-prices from collapsing -financing conflicts, bombs, and "aid" -stabilize regions after natural disasters -keeping monopolies with internet access centralized and search engine crawlers centralized -money laundering -chargebacks -frivolous legal costs (lawsuits bogging the system down) -state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists) -retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations) -fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice) -costs of auditors and budgetors and accountants to governments and businesses Bitcoin, systemically, is free from these burdens. |
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It has been happening.
As each year passes you can see more and more individual trades in poor developting countries (as well as the developed) - look at the increasing transaction count in places like Phillippines, India, Nigeria, Russia, Greece, Bulgaria, Australia, Japan, Korea, Canada, Spain, UK, Brazil, the USA, Venezuela, and Mexico.
Bitcoin is the only store of value asset that offers escape from the central bank financial-slavery and conflicts/bombs/war system
Fiat around the world is heavily infested, broken, and burdened with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
Bitcoin, systemically, is free from these burdens.
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(snip)
Now the problem is if Segwit is introduced along with "backdoor" (via a hardfork) fishiness spawned from the Barry Silbert DCG camp (Jeff Garzik).
I never realized that there were so many Bitcoin-related companies that aimed to get established and then undermine & destroy Bitcoin (the Digital Currency Group Companies / Barry Silbert). But the good news is that there is a whole many more Bitcoin-related companies that are good and not trying to undermine Bitcoin. This makes alot of sense why the bankster-backed Barry Silbert/DCG has a USA-traded public fund to kind-of track Bitcoin out (GBTC), however the Winklevoss twins has been petitioning SEC for years along with legal support and haven't been able to get their fund out. Atleast they have the gemini exchange. Almost every bank in every country tends to block or deny doing business with anything related to Bitcoin, however all the consortium of businesses under DCG seem to get banking with no problem? hmmm? PSA: should extend announcement of take your business somewhere else. Use a different fund than GBTC. Use a different exchange than Coinbase. Unless if you would like to see Bitcoin's demise and fall - then use GBTC & Coinbase. Does everyone here recognize the frivolous pursuit of a S2X hard-fork? Bitcoin already has Segwit today as it slowly gets phased in. Should note that Segwit2x hardfork is also known as (AKA) btc1 |
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Ofcourse that $100 would be in millions (maybe like $4m). (Your math may be off.)
Bitcoin is the ultimate store of value asset which cannot be controlled by any government. It's value will always be higher than the period 5 years before. Always, simply because of the world's broken fiat system:
Efforts by any country's central bank or government to regulate bitcoin (ie make illegal or legalizing) will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.
Fiat around the world is heavily infested and broken from the burdens of:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-frivolous legal costs (lawsuits bogging the system down)
-financing conflicts, bombs, and "aid"
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-false claims (outside of insurance)
-chargebacks
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
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Adoption of electronic-remittance has been great in many places in Africa! Primarily from the widespread use of cell phones with internet connectivity. To answer the question, the greatest use would be obtaining Bitcoin as a long-term savings mechanism and secondary use as a cheap means of transfer for cross-border remittances. Bitcoin is the best tool to break away from central-bank financial bondage.Has everyone known about the widespread use of cellphone remittance in Kenya (other parts of Africa) and attempts to centralize and control, shutdown competition? Not too long ago - the debacle of Safaricom Mpesa and Bitcoin; https://www.kenyainsights.com/revealed-how-a-worried-safaricom-used-backdoor-to-shutdown-bitcoin-which-was-set-to-neutralize-mpesa-dominance-in-kenya/Not just in Africa, Fiat around the world is heavily infested, broken, and burdened with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)Bitcoin, systemically, is free from these burdens. Bitcoin CANNOT be controlled. Bitcoin cannot be made legal. Governments may still attempt to do so. Bitcoin cannot be made illegal. Governments may still attempt to do so. Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes. |
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Volatility update as of now: At this moment, the Bitcoin volatility index reads: 5.78% the latest 30-day volatility estimate 5.11% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/Just a reminder to newbies: Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes. Fiat around the world is heavily infested, broken and burdened by:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
Bitcoin, systemically, is free from these burdens. |
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Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
What say any of you to the following?
Efforts by any country's central bank or government to regulate bitcoin (ie make illegal or legalizing) will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.
Fiat around the world is heavily infested and broken from the burdens of:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-frivolous legal costs (lawsuits bogging the system down)
-financing conflicts, bombs, and "aid"
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-false claims (outside of insurance)
-chargebacks
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
Bitcoin, systemically, is free from these burdens.
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(snip)
Now the problem is if Segwit is introduced along with "backdoor" (via a hardfork) fishiness spawned from the Barry Silbert DCG camp (Jeff Garzik).
I never realized that there were so many Bitcoin-related companies that aimed to get established and then undermine & destroy Bitcoin (the Digital Currency Group Companies / Barry Silbert). But the good news is that there is a whole many more Bitcoin-related companies that are good and not trying to undermine Bitcoin. This makes alot of sense why the bankster-backed Barry Silbert/DCG has a USA-traded public fund to kind-of track Bitcoin out (GBTC), however the Winklevoss twins has been petitioning SEC for years along with legal support and haven't been able to get their fund out. Atleast they have the gemini exchange. Almost every bank in every country tends to block or deny doing business with anything related to Bitcoin, however all the consortium of businesses under DCG seem to get banking with no problem? hmmm? PSA: should extend announcement of take your business somewhere else. Use a different fund than GBTC. Use a different exchange than Coinbase. Unless if you would like to see Bitcoin's demise and fall - then use GBTC & Coinbase. Does everyone here recognize the frivolous pursuit of a S2X hard-fork? Bitcoin already has Segwit today as it slowly gets phased in. |
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Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.
On the opposite end of the spectrum the global fiat system broke a couple of decades ago.
Fiat around the world is heavily infested with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
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Bitcoin is an obvious choice as the global fiat system has been broken. Governments, Central Banks, Spy agencies along with media have for years tried their hardest to shutdown bitcoin by regulating it, by either legalizing it or by making it illegal, by banning exchanges, by putting out negative statements, and then trying to (ironically) attach bad uses of it (where in truth the fiat system funds all the criminal-activity drugs and bombs in the world). All these entities will continue doing this for years to come and everyone will see that the impact on Bitcoin was minimal at best. No better escape from broken fiat than Bitcoin.
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If they blatantly attacked bitcoin infrastructure it would first of all be an admission of fear and weakness. 2nd it would have the opposite effect. The community would rally together and all the free advertising would all serve to increase the bitcoin price. I hope they try.
LOL ar Jamie Dimon and attempts by China. Bitcoin can't be controlled as its reached global escape velocity 4-years ago in 2013. Hahaaha. So we consider these attempts free advertising? =) |
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I would say not only bitcoin but whole cryptocurrency world will share trillion of $ as marketcap after few years. 100 billion USD what we have today is nothing if compared with the size of global economy.
Yes, look to other market, we can see 100 billion USD is very small than major markets in the world. It only have 1% of the global market share Yes, not only this but also; Fiat around the world is heavily infested with: -fraud (false claims & laundering & insurance-related & chargebacks) -frivolous legal costs (lawsuits bogging the system down) -corruption (crime official and unofficial - governments and gangs, banks and conartists) -social obligations (debasement in value to keep up with payments from government or other retirement-obligations) -fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice) adding to list: -regulatory burden and its cost -inflating fiat to keep stock market rising and to keep house-prices from collapsing -keeping monopolies with internet access centralized and search engine crawlers centralized I wonder when did, however many decades ago, did fiat system breakdown? |
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These dumps keeps coming day after day, btc holding "OK" so far, but is this still all about china? or are we now in the long bear market since 5000 usd?
edit: also people keep talking about this being the best time to buy when prices are low, but in a free market, the concept of "best time" and "low" are relative.
anyone putting absolute bottom below 2200?
Here's a song just for you: https://youtu.be/A7TuFy0fcuw https://youtu.be/A7TuFy0fcuw |
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i wonder
do you think governments can adopt the blockchain using they own currency?
LOL. Government (or any central control) on a crypto = less secure = means open to manipulations and hacks = worthless Decentralization with no central point of failure = maximum security = cannot be manipulated nor hacked = safe and sound store of value =Bitcoin Basic principles of Bitcoin. There's a reason why there's the limitless amount of WORTHLESS altcoin blockchains available, hyperledger will be just another example of a shitcoin or scamcoin if you will. There's only one that's the true secure, store of value....only the Bitcoin Blockchain (any other blockchain is a scamchain). LOL |
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Nothing will happen to Bitcoin, because banks are already working with virtual currencies using encryption right now. They will never issue a crypto currency, that
a. is confirming transactions completely decentralized
b. people can mine with their computers
c. has a public ledger
d. has a limited amount
e. is open source
f. ...
Means, that everything a bank will issue might even be called "Cryptocurrency", but it will definitely not replace the idea of Bitcoin.
True. Central bank (or any central control) on a crypto = less secure = means open to manipulations and hacks = worthless Decentralization with no central point of failure = maximum security = cannot be manipulated nor hacked = safe and sound store of value =Bitcoin |
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Anyway to make or summarize this visual into one pic in a post here? Or is it impossible because of how long it is and the endless scrolling? |
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....Nom, Nom, Nom
huh? you look confused?
time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.
nom, nom, nom
There was only one reply to my message a few days back? I must've been relatively alone while I was buying...oh well. |
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....Nom, Nom, Nom
huh? you look confused?
time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.
nom, nom, nom
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3 more newbies on LBC selling large amounts. FUDGE ME. Gone.
LOL - lilRoy07: Why do you persist with your lies in front of everyone here? 2nd market non exchange china trades can easily be seen at localbitcions for trades asks/bids in CNY via various methods (ie inperson, bank transfer, other options, etc). As of right now, any reviewed sellers offers BTC going for: 25935 Chinese Yuan which equals 3971.30 US Dollar lilRoy07, silence the noises in your head, breathe, and move beyond, enlighten yourself be useful and expand your education, work outdoors, spend time helping others, or spend time in prayer. |
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