Well, it's pretty damn clear this evil cult of jewish money changers are desperate for a scapegoat as to why the global economy blows up.  Anything to try and redirect attention from themselves being the cause.  They will probably have thrown 10 false flags at the dart board before this all goes down in flames and then settle on setting off an EMP and trying to blame it on North Korea.

This is actually the EXACT idea that crossed my mind and I'll tell you why.  The fed speaks in code in public statements and hints at various things for their minions to pick up.  They said something like they were monitoring the price of bitcoin and it wasn't a problem but "could cause financial instability" if it continued to rise.  The banks want some type of scapegoat BESIDES THEMSELVES to blame for economic collapse.  That scapegoat is either going to be war or anything else they can invent, anything to try and redirect blame from the jews that caused it.

It's possible they will be like "hello goyim, too much liquidity has left the system and into bitcoin and caused it to collapse. We are now passing a law that you're not allowed to use bitcoin and must use federal reserve digital token instead".  Then they get their cashless society slave system + scapegoat for economic collapse in one swoop.  The plan probably wouldn't work, but these are psychopathic jewish money changers we're talking about here.

Just because a system can become widespread doesn't mean it's not an immoral scam.  This is why people like the Amish have checked out of society, because it's too hard to work around all the consumerism, fiat scams, etc.  Yea, you can argue the Amish have gone a little too far in the opposite direction, but that's besides the point.

This is actually completely wrong as most BTC old-timers claim LTC was some type of Artforz hidden miner scam.

It looks like you failed the "get your mind around it" test since you can't figure out mining is designed to centralize.  The word "proof of", whether it's work or stake, or proof of anything else just means proof of monopoly, but craptocurrency pump and dump shills are unable to stop lying about it.

All politicians are generally garbage, but it will soon be time to watch the yids flip their lids if they fail to derail the Roy Moore campaign.

In the grand scheme of things, bitcoin will probably have zero effect on the trajectory the world is locked into.  The only portion of the population that is doing okay is the 35% or so who are all-in on helicopter money fueled stocks, and bitcoin distribution is so terrible due to ASICs that it probably only alters that 35% of who are ok to 35.1 at most%.  So in America at least, the country is doomed to civil unrest and implosion no matter what.

For all the bible thumpers in this thread, I present to you clear and undeniable logic as to why bitcoin (and other imaginary monetary instruments like fiat) are immoral scams:

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

They need to just rename this whole sector "pump and dump scam":

They may have been wrong before, but not from what I recall, so these Wall Street style, douchebag "coin hedge funds" massive shift from BTC to alts in one giant wave is probably a valid indicator of what's going on.  These markets are entirely nothing but pump and dumps and nothing else.  They just try and run up one vapor worthless asset as high as they can, then as soon as they have successfully created a bubble there and it starts to falter, they then move on to the next place to try and create an artifical bubble somewhere else.  

Since each cryptocurrency is entirely as worthless as the next one with no valid valuation metrics possible because they're imaginary 0's and 1's, they believe they can just shift back and forth from one to another infinitely to extract money from people.  Most retail "investors" usually exit the market and never come back after either gaining or losing big, meaning if someone buys bitcoin for $1 and sells for $1000, they're never going to purchase a $17,000 bitcoin.  So this whole thing is one unsustainable trainwreck scam.

Since this market is nothing but one giant scam with centralized mining, a centralized technocracy controlling coin parameters, and centralized collusion controlling where the price goes among a handful of corporate entites like Pantera Capital, the fact that all alts turned green means BTC dump imminent because they're clearly signaling they now want to try and sell you overpriced altcoins instead of overpriced btc.

It looks like you have no understanding of the energy industry.  The only reason there was an enormous amount of metals being mined in the 20th century compared to all previous ones is because it was just a process of arbing excess energy that wasn't vital to keep nations running.  But now the energy industry as a whole has virtually given up funding to find new sources (maybe because they already took just about every low hanging fruit possible).  We are entering something resembling a Seneca cliff in the oil industry.

The only reason oil is plentiful right now in the US (and thus the price is low) is because enormous amounts of production increased lately that's almost entirely low grade shale/tar sand type stuff.  These alternative oil sources that are coming to market aren't even being done so at a profit.  They are losing money doing so.  How does it continue then?  There's lots of bad investment in the energy sector that has not toppled down and collapsed yet, but will because they are not making profits.  Or you can take the conspiracy route and think the US govt just prints money and gives it to them to subsidize the energy industry so it doesn't collapse (which is also possible since corporate welfare happens all the time).

Regardless, the era of having endless amounts of excess oil and energy to arb into bringing metals out of the ground is mostly over.  There will either be energy shortages from a Seneca cliff and no metals coming out of the ground, or energy prices will go to the moon, and since the price of oil makes up the vast majority of metals prices, metals go with them.  Here's a good chart to show the correlation of oil and metals.  Due to the bankers constantly naked shorting metals down to cost of production to try and suppress them and prop up the dollar, they act mostly as an energy futures contract until the global banker monopoly fix ends:

The smart money decided to leave the building already and knows cryptocurrencies are completely centralized scams at this point:

Another day of converting worthless bitcoin into physical silver:



Thanks jew bankers for manipulating bitcoin as high as possible to distract the goyim from metals while suppressing the price of metals to cost of production.

Another day of converting worthless bitcoin into physical silver:



Thanks jew bankers for manipulating bitcoin as high as possible to distract the goyim from metals while suppressing the price of metals to cost of production.

The Bulgarian govt has a bridge and $3 billion of bitcoin it wants to sell you at rock bottom high prices.

If that chart plays out like you think, people would be trying to rebuy around $10k and think things are all peachy to go back in there, but since this was a long drawn out curve upwards resulting in a blowoff top, the market is obviously not going back to business as usual and instantly continue some uptrend from $10k.  It would be a long drawn out bear market and probably hit a fib level below 50% in the process.  It took a long time for the charts to develop that years long cup and handle that resulted in this move.  That would be the conclusion of an era and you're going into a brand new uncharted era from scratch when this retraces.

No, you're repeating scams and lies, because the base bitcoin network is not even close to decentralized.  PoW is designed to centralize through economy of scale and then people claim it requires a permanent technocratic dictatorship on the development side too.  Lightning network centralizes bitcoin even further.  I don't give a flying fuck if lightning reduces fees when neither bitcoin nor the lightning network are decentralized in the first place, while lightning makes the problem even worse than it already was.

Someone breached bitcointalk or something and stole my account + several other legendary accounts all at the same time.  There were numerous other people posting in this thread saying their accounts were gone at the same time.