What are your thoughts on platinum as an investment?
If all you're doing is trying to preserve wealth it's hard not to be good since it's current price is probably more rock bottom than any metal out there, so you can likely hold and easily make money too. But in the future, gold and silver will likely have a higher price gap premium between sticker price and cost of production. It's 100% inevitable gold will spike at least twice it's current price in current dollar purchasing power when you compare things like debt levels vs gold ratios seen in the past. When that happens, silver will go to at least a 30:1 ratio of around $75-85. Will platinum match those type of 4-4.5x returns in current purchasing power? I don't know. This is all in terms of a regular metals bull market and not a currency collapse or anything. It's hard to go wrong with gold, silver, or platinum at this point, but I think silver will have the highest returns if you can wait for the inevitable metals bull run to occur. The idea a few propagandists have put out that the govt can revalue gold to $10-20k while simultaneously suppressing silver to make it not go up at all is complete nonsense. At the time when governments around the world revalue gold, there will probably not be an ounce of gold or silver on any store shelf left to buy, so the free market would push things up to the moon no matter what. |
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I hope you all are feeling right good and honoured to have such legendary posters in your presence. Such wisdom to impart, so many nuanced thinkings.
Somebody has gotta keep the shitlibs down before they start playing bongo drums, cooking baking soda + cocaine in a spoon, and promoting marxism. |
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Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.
Look what the cat drug in!!!!  I would say that technically all cryptocurrency holders are dumb money:  |
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Why people who promote craptocurrency over metals are idiots: I'm not a fan of Martin Armstrong, but his definition of gold and silver is "a hedge against government". An actual competent person trying to disparage bitcoin would mention that bitcoin is not a hedge against government since it's traffic is not obfuscated and it runs on the governments own infrastructure. Not to mention it's not possible to create a decentralized digital currency in the first place, only centralized ones. At the end of the day, the only valid hedge against government is metals because government can't afford to police the entire physical world, but they can easily afford to police the digital one.
Cryptocurrency only exists due to the will of the government. Jewish sheklers like Larry Summers and Ben Bernanke actively promote it (red flag). They promote it because the amount of gold in Fort Knox is somewhere between 0 to 2000 tons max (much likely far closer to 0). They all know people are going to hang (hopefully lots of jewish criminals) when the debt bubble collapses and the US is forced to issue a new form of money with all the assets serving that role "mysteriously" being gone.
They're attempting to pull a business as usual scam and pretend they can just "print" up some digital 0's and 1's in the place of real money, avoid hanging in the process, while also enslaving the population even further with a new Jewish controlled, digital only slave blockchain to replace the former Jewish, debt based scam currency. There's just too many Goyim that know now, so unless a tidal wave of millenial cuckolds buys into the idea that digital scam tokens are somehow more valuable than real world physical money like metals, everyone at the fed, the BIS, and the IMF will hang.
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Hilarious article from The Telegraph.
The Bitcoin bubble will burst. It's time for a 'Bitpound'
I'm not a fan of Martin Armstrong, but his definition of gold and silver is "a hedge against government". An actual competent person trying to disparage bitcoin would mention that bitcoin is not a hedge against government since it's traffic is not obfuscated and it runs on the governments own infrastructure. Not to mention it's not possible to create a decentralized digital currency in the first place, only centralized ones. At the end of the day, the only valid hedge against government is metals because government can't afford to police the entire physical world, but they can easily afford to police the digital one. Cryptocurrency only exists due to the will of the government. Jewish sheklers like Larry Summers and Ben Bernanke actively promote it (red flag). They promote it because the amount of gold in Fort Knox is somewhere between 0 to 2000 tons max (much likely far closer to 0). They all know people are going to hang (hopefully lots of jewish criminals) when the debt bubble collapses and the US is forced to issue a new form of money with all the assets serving that role "mysteriously" being gone. They're attempting to pull a business as usual scam and pretend they can just "print" up some digital 0's and 1's in the place of real money, avoid hanging in the process, while also enslaving the population even further with a new Jewish controlled, digital only slave blockchain to replace the former Jewish, debt based scam currency. There's just too many Goyim that know now, so unless a tidal wave of millenial cuckolds buys into the idea that digital scam tokens are somehow more valuable than real world physical money like metals, everyone at the fed, the BIS, and the IMF will hang. |
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A point at which bitcoin is starting to become completely comical to me: If Bitcoin Diamond has more proof of work than Bcash, then Bitcoin Diamond will become the real Bcash.
There's no such thing as "more proof of work" unless you claim there's some intrinsic characteristic that makes SHA256 the only valid hash function that exists, which there is clearly not and it's just a meaningless, arbitrary talking point. Which is much higher on the list of problems than complaints from other people such as "the only valid proof of work would require 51% of energy in the entire known universe". Forget about total energy/work usage, there is not even a common consensus point in which to exert that energy on, especially when you consider SHA256 quantum vulnerability to things like Shors/Grovers. Just another reason to flop onto the stack as to why bitcoin and all other cryptocurrency are just Rube Goldberg machines that don't actually do what they claim. Not more comical than your $600 bitcoin to gold conversion hahahah. Hows that 15x loss feeling today? And another day of the indian liar sidhujag. Since I margin traded the halving and closed around $800, the lowest I've ever converted any bitcoin to metals is $800+, and I only sold 1/2 of them then. I've converted plenty of bitcoins to silver at the $3000-$5000 level too. What I have left I'm letting it ride for now. So as you can see, I've been selling off in tiers like any non-retarded person to lock in some type of gains rather than holding thin air and pretending it's wealth. I think it was Charles Hoskinson that said he bought an Xbox with bitcoin when they were $1 each, so that would be like a $1.6 million dollar xbox. Except it's not really because bitcoin doesn't represent any type of tangible wealth. You have nothing until you've converted it into some type of physical asset to realize some type of gain. The value of bitcoin can vaporize as fast as Zimbabwe dollars. |
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You know things are getting desperate around here when Torque and Jbreher quote me and remove all content from the quote because they're unable to put forth any argument whatsoever against it. It will be two paragraphs and the quote will either be replaced with "..." or they will move things around to try and turn it into a pro-pump statement lol. MatTheCat posts they have no problem quoting because they're easy to ridicule, but those r0ach posts have to be hidden to prevent the goyim from knowing.
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I wonder what will happen in the next 24hs  |
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154Mill Tether (margin market) on Bitfinex...prepare  Although I have not lost a cent due to the Bitfinex staff manipulating the price of bitcoin up or down (such as during the halving when they tried to naked short their own exchange and it blew up in their face so they stole everyone's money and claimed they were hacked), I really want to see those guys go to jail for creating a 1:1 replica of MtGox right after MtGox itself. And yes, when Finex inevitably blows up, it will probably blow up the rest of the bitcoin market once everything comes to light with them being the main controller of price all the way from $200 to $8000 MtGox-style. Do people really believe marginal buyers exist for bitcoin at $8000 in a pure vertical, hyperbolic move? Hell no. Well, maybe like 2 guys on the entire planet or a few small fish lunatics, but those guys aren't the ones putting up walls that control the price. Moves like this are only done in two ways, either entirely financial fraud, or one guy who owns like 90% of the market and hence has an illiquid asset, puts his illiquid asset on margin to leverage....a higher priced illiquid asset (which is how they raised the value of Ethereum). |
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A point at which bitcoin is starting to become completely comical to me: If Bitcoin Diamond has more proof of work than Bcash, then Bitcoin Diamond will become the real Bcash.
There's no such thing as "more proof of work" unless you claim there's some intrinsic characteristic that makes SHA256 the only valid hash function that exists, which there is clearly not and it's just a meaningless, arbitrary talking point. Which is much higher on the list of problems than complaints from other people such as "the only valid proof of work would require 51% of energy in the entire known universe". Forget about total energy/work usage, there is not even a common consensus point in which to exert that energy on, especially when you consider SHA256 quantum vulnerability to things like Shors/Grovers. Just another reason to flop onto the stack as to why bitcoin and all other cryptocurrency are just Rube Goldberg machines that don't actually do what they claim. |
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If Bitcoin Diamond has more proof of work than Bcash, then Bitcoin Diamond will become the real Bcash.
There's no such thing as "more proof of work" unless you claim there's some intrinsic characteristic that makes SHA256 the only valid hash function that exists, which there is clearly not and it's just a meaningless, arbitrary talking point. Which is much higher on the list of problems than complaints from other people such as "the only valid proof of work would require 51% of energy in the entire known universe". Forget about total energy/work usage, there is not even a common consensus point in which to exert that energy on, especially when you consider SHA256 quantum vulnerability to things like Shors/Grovers. Just another reason to flop onto the stack as to why bitcoin and all other cryptocurrency are just Rube Goldberg machines that don't actually do what they claim. |
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So, Bitcoiners, wait or sell your Gold, and what to buy?
I've sold about half my Bitcoin Gold so far. Traded it into Bitcoin Segwit. About half of the resultant Bitcoin Segwit, I have exchanged for Bitcoin Cash. The remainder is sitting on open Bitcoin Cash buy orders, waiting for the price to be hit. Though it looks like my bids are too low. May have to cancel and reset. This sentence kind of demonstrates why bitcoin is complete bullshit. An experienced user that should be difficult to fish/trick, but through economic incentives, was persuaded to adopt the idea that there can be many different bitcoins all at the same time or that it can just randomly change from one thing to another. Real "money" can't morph or change from one thing to another because then it would not be fungible, hence bitcoin isn't and never was "money" in the first place. As I said in the past, due to having limited scalability and thus high fees (aka usury), bitcoin also has a reverse Schelling point where people are incentivized not to use it and create or use a different chain until there's 5 billion of them. Gold and silver do not have any of these terminal problems and someone like Roger Ver or whoever can't just say "hey guys, gold is no longer gold, I just invented the new periodic element VerGold which has now replaced gold", while some other guy is like "no no, MaxwellGold is the real gold!". Nobody can tamper with the traits of real money. Bitcoin is not tamper resistant, there's tampering everywhere. |
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He doesn't seem to acknowledge that much of bitcoin's volume is not even real and consists of coin mixing and spam attacks. I mean, miners themselves can send free transactions with no opportunity cost assuming the network wasn't already maxed out to manipulate this number to whatever they want. Even if the network was maxed out, they could just send $200 million from one hand to another all at once to manipulate this number with the equivalent of $2 fee. I'm not really seeing how this number is valid unless you can separate what's real and faked economic activity, which isn't possible. |
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That's cool. I'm glad you are a Bitcoin supporter.
Quotes like this are why you can tell cryptocurrency is just a pump and dump hype scam. Such things called objective fundamentals exist. Whatever has the best fundamentals will eventually win out and doesn't need "supporters" aka cult members to join. The best thing will simply rise to the top regardless due to it's traits. Bitcoin is more like a multi-level marketing scheme at this point with thousands of people like "fonestar" spamming "BUY BITCOIN (or ethereum or other random craptocurrency) BECAUSE I OWN SOME AND IT WILL MAKE ME MONEY IF YOU DO". I've already diagnosed all possible branch prediction in terms of money and what can and cannot be done with digital currency. It's not possible to create a decentralized cryptocurrency. They all either start centralized from day one, or become increasingly centralized by the day. This means the only thing that will survive/morph out of this entire space are federated chains run by govts and corporations, something nobody on this forum should want to be a part of. You have a lot of complete fools and pump and dumpers claiming that because something has the word "digital" in it, that it's the "future". In terms of actual fundamentals, cryptocurrency makes no improvement whatsoever to the real decentralized money that existed before it - gold and silver. Everything about so called digital money is a step backwards. The only "improvement" in cryptocurrency is how fast you can dump it, but that's also a trait shared by fiats. It would be like a fiat person claiming to a bitcoin person that fiat is better because it's easier to dump. Hilariously, Gresham's law facilitates that paradigm that the worse a money is, the more liquid it is, so bitcoin being quicker to dump since it can be done at a distance is not even a plus. |
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Brief Anonymint reference in new r0ach report: The r0ach report 24: Bitcoin has involuntarily turned many programmers into conmenhttps://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmenhttps://i.imgur.com/EiAkazx.pngI saw the image above linked online and someone referred to it as "the smart money". This is where they're wrong. True, bitcoin has lots of smart people in the space, but all programmers have a god complex and pretend that any problem can just be worked around with some rickity hack. They don't believe in unsolvable problems. A truely smart person would be able to go through all possible branch prediction beforehand and realize that it's not possible to create a decentralized digital currency at all. If any cryptocurrency you create will either be completely centralized from day one, or designed to become that way over time, this means none of them have any fundamentals whatsoever. If something has zero fundamentals, it's price is inevitably going back to mirror those fundamentals - zero. All the people you see in bitcoin right now are just programmers (problem solvers) who are trying to make a name for themselves by...solving problems. The fact that the problem is not solvable is the perfect rat trap for any programmer since most cannot identify the issue due to their inherent god complex as mentioned above, and they will continue to shovel out dysfunctional Rube Goldberg machine one after another promising "the real cool working thing is just around the corner!", but it will never come since it's not even possible. I expect Ethereum will be the epitome of this example. It's not like all programmers are just delusional fool problem solving monkeys, though. Off the top of my head, Gmaxwell said before bitcoin was created that it wasn't possible to create a decentralized digital currency, but then saw bitcoin and flip flopped and became a dev for it. I assume he will eventually flip flop back again after exhausting all options or go insane in the process ala fate of most mathematicians. Mind-boggingly, many other people who work on bitcoin are some of it's biggest skeptics, such as Peter Todd flash dumping much of his stash when he saw it becoming completely centralized under corporate-like entities such as Ghash.io in the past. Ironically, some of the much less popular and more notorious people in the bitcoin space identified cryptocurrency for what it is far ahead of the mainstream ones who still don't seem to get it (if you take Gmaxwell's flip flop into account that is). People such as Realsolid of MCXNOW identified all cryptocurrency as mostly useless "Rube Goldberg" machines in private conversation long ago in the past. At the time, I was leaning towards 90-99% chance these are all unsolvable problems myself. Shortly thereafter, (notorious?) user Anonymint in typical Anonymint wall of text fashion also identified decentralization in cryptocurrency as an unsolvable problem on the bitcoin forums. Many of these people in the bitcoin space constantly flip flop back and forth due to the inherent god complex in programmers, so it's hard to keep track of who is on what side. The one constant trait in bitcoin is that the people who know the absolute least about it have the most confidence, or at least 'portrayed' confidence about it. In the context of this article, these people shall be known as traders and pumpers. The traders and pumpers manipulating price tend to provide a feedback loop to the programmers who then feel if the price is going up instead of down, their work or technical belief system is somehow valid; or in the case of cryptocurrency decentralization being an unsolvable problem, the Rube Goldberg machine currently fooling enough people that matter. |
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Congratulations on making it into: The r0ach report 24: Bitcoin has involuntarily turned many programmers into conmenhttps://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmenhttps://i.imgur.com/EiAkazx.pngI saw the image above linked online and someone referred to it as "the smart money". This is where they're wrong. True, bitcoin has lots of smart people in the space, but all programmers have a god complex and pretend that any problem can just be worked around with some rickity hack. They don't believe in unsolvable problems. A truely smart person would be able to go through all possible branch prediction beforehand and realize that it's not possible to create a decentralized digital currency at all. If any cryptocurrency you create will either be completely centralized from day one, or designed to become that way over time, this means none of them have any fundamentals whatsoever. If something has zero fundamentals, it's price is inevitably going back to mirror those fundamentals - zero. All the people you see in bitcoin right now are just programmers (problem solvers) who are trying to make a name for themselves by...solving problems. The fact that the problem is not solvable is the perfect rat trap for any programmer since most cannot identify the issue due to their inherent god complex as mentioned above, and they will continue to shovel out dysfunctional Rube Goldberg machine one after another promising "the real cool working thing is just around the corner!", but it will never come since it's not even possible. I expect Ethereum will be the epitome of this example. It's not like all programmers are just delusional fool problem solving monkeys, though. Off the top of my head, Gmaxwell said before bitcoin was created that it wasn't possible to create a decentralized digital currency, but then saw bitcoin and flip flopped and became a dev for it. I assume he will eventually flip flop back again after exhausting all options or go insane in the process ala fate of most mathematicians. Mind-boggingly, many other people who work on bitcoin are some of it's biggest skeptics, such as Peter Todd flash dumping much of his stash when he saw it becoming completely centralized under corporate-like entities such as Ghash.io in the past. Ironically, some of the much less popular and more notorious people in the bitcoin space identified cryptocurrency for what it is far ahead of the mainstream ones who still don't seem to get it (if you take Gmaxwell's flip flop into account that is). People such as Realsolid of MCXNOW identified all cryptocurrency as mostly useless "Rube Goldberg" machines in private conversation long ago in the past. At the time, I was leaning towards 90-99% chance these are all unsolvable problems myself. Shortly thereafter, (notorious?) user Anonymint in typical Anonymint wall of text fashion also identified decentralization in cryptocurrency as an unsolvable problem on the bitcoin forums. Many of these people in the bitcoin space constantly flip flop back and forth due to the inherent god complex in programmers, so it's hard to keep track of who is on what side. The one constant trait in bitcoin is that the people who know the absolute least about it have the most confidence, or at least 'portrayed' confidence about it. In the context of this article, these people shall be known as traders and pumpers. The traders and pumpers manipulating price tend to provide a feedback loop to the programmers who then feel if the price is going up instead of down, their work or technical belief system is somehow valid; or in the case of cryptocurrency decentralization being an unsolvable problem, the Rube Goldberg machine currently fooling enough people that matter. |
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Bitcoin down to $8135. Is Bitcoin dying?
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But, I see a f'-ing huge bear trap now in BTCiTcoin!
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tonnes of scope for Ver to scam people for the wrong bitcoin
There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling. Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand. The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place. You can't store value in an imaginary asset. It's value could only come from whatever possible utility it provides. It doesn't have value just from existing (stock)...because it doesn't really even exist. Gold and silver have actual scarcity. Bitcoin is based on artificial scarcity. This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts. But the market will eventually take the value back down to zero again. It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat. So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much. From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset. So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead. I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time. Roach is not so happy these days, he loves shitting on Bitcoin...i know why! Roach sold at the bottom  No, it's amusing to see the price of bitcoin rise when it's just some fringe thing, but not once you can see the endgame getting closer: a federated digital only slave currency run by jewish money changers. Fox just the other day was trying to float the idea of social security being issued by "blockchain", so you'd have your identity tied to the thing and they dole you out your stipend that way. It's pretty fucking obvious they would also expand that to the entire monetary system and then you'd have your digital slave currency they've always wanted to implement where everyone would be forced to transact under the "social security blockchain". Where does that leave bitcoin? Bitcoin is almost entirely centralized so they can just attack the giant PoW farms or outlaw it and it's gone instantly and then they force everyone onto govt chain. Anyone that values freedom should be boycotting anything remotely connected to digital currency at all. Since it's not possible to solve decentralization, the only possible evolution of craptocurrency WILL BE federated chains run by govt and/or corporations. Anything related to "blockchain" will be detrimental to humans in general while the only way to defeat the jewish money changers and their debt based slave systems is using physical gold and silver in native coin form. |
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