Central banks and other elites have painted themselves into a corner. There is too much debt in this world, and all of it is based on fiat money that central banks can print.
The elites must maintain trust in this fiat money by keeping inflation low. That means, one way or another, all the growth in wealth must go to a small number of people.
But the more inequality they create, the more distorted and unstable the system becomes. That is, more and more 'fancy' goods and services are produced just to satisfy the whimsical demands by the lucky people. This demand can disappear any time financial asset values go down.
So central banks must keep financial asset values high just to keep this demand going. But this only worsens the inequality, and the cycle continues. Eventually, something will have to trigger a financial asset crash.
The only real solution to this problem, from the elites' point of view, is to inflate away the debt without destroying the trust in state money. And the only way to do that is to devalue state money against non-state money. Traditionally, that non-state money has been gold and silver. Today, the (Western) elites are using Bitcoin and other cryptos to play that role.
You will not hear this perspective from the mainstream media or establishment economists!
I think the tail sentence of this theory is not exactly appropriate for me (- "today , the (western) elites are using Bitcoin and other cryptos to play that role). I rather see bitcoin and other cryptos giving riches and ushering anyone who sees the vision of cryptos into wealth. |
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Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
I didnt agree with numbdr two because now the fees are so high compare to last year. Bitcoin now is the top 1 crypto currency in price and stocks. Bitcoin has lot of use, it can use for gambling,trading,investment and wallet not all coin has same usage. Prices are definitely high but as compared to the profits generated by bitcoins, they are bearable. No, you should never ever invest bitcoins into gambling, gambling is not a business at all, and it is just a way of entangling newcomers or like teenagers for grabbing money. Gambling is so evil that it ruined many lives, so just stay away from it. Nice advise sort off but people that gamble don't usually hid to advise until they eventually convince themselves to desist. Is more-or-less a habit. Meanwhile, it is veritable to choose bitcoin because of its high profit margin, it is decentralized, easily accessible and no bank directives nor monitoring, nor verification. Is just you and your peer. |
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Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?
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Well , technology has come to stay and it keeps advancing. Cryptos are linked with the technology and internet, so bitcoin will stay for a longer time and even if it will not stay, something more sophisticated would emerge.
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Paper money will be there even if bitcoin is well known at for a very long time. People won't just adopt the use of bitcoin except there are legislations mandating the payments of certain bills by bitcoin and gradually, it could start that way.
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Can you really be sure you will profit unless you have insider info?
Sometimes you don't actually need insides information, your intuition guides one to go into a particular trade either to place an order for sell or buy. By intuition I also mean that we should know that a drop in bitcoin particularly does not mean is dead but that it is temporal and so a nice time to buy. |
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Is there a user who has made a total of 1bitcoin in signature campaigns alone , not investments but payment from posting and being paid.
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Here in my country there is not that much people and company that really know's about the crypto currency or bitcoin. But then my friend told me that in dubai there is a restaurant that accepting bitcoin as the payment for the food they serve, I think that the concept of paying bitcoin to buy goods will really trend if that will be implemented.
That is the issue because many people are not yet understanding what bitcoin is and to use it. So spending it is a bit difficult but with time, it will get there . |
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Hmmmm... This is encouraging. 2020 is like 23years more. I see these cryptos going pass those marks. Bitcoin will sure pass the mark of 12k , then if ethereum and litecoin remains those way, it means they not really made much impact and value.
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Can you really be sure you will profit unless you have insider info?
Yes I think so that you can trade and make profit without insider information in such a way that if you have studied the market and understand the language of the market , you can then follow it. Two is, there is what is called trend. This is pattern or repetition of what has happened before in the market, history sort of. Then, we have our instinct and luck leading us sometimes too. This instinct and luck could help us to make appropriate decisions as if we have been guided by an informer. This happens in our trading and also gambling (football too). |
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The actual use of bitcoin can be achieved if people start being aware of it, the usage of computers and internet , some transactions tied to bitcoin use. Transactions/payments/activities being done with or only by bitcoin will steadily push up the use of bitcoin but this might also involve the government sort of. Also, more stores / plazas or businesses transacting with bitcoin too will help the push.
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I choose it because of it high profit margin. I remember how much it was exchangeed with dollars just last January and pumping to $4k plus early this month. The difference is huge.
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I have observed that signature campaign are not forthcoming as users make applications and re-applications. Few campaigns reward very minimal. Is it anything about China's ban?
What's your view?
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The time is rather short for that to happen. Not to say is not possible because things change. Meanwhile, for it to happen anytime time, there are certain mechanism that would be in place like access to internet and use of computers worldwide (because internet and computer usage are you to be in proper circulation ).
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It has already gained that status of international digital currency because it is used for exchange to paper money, transfers etc. It is really getting attention and increasing awareness in many places. The high value pushes people to it. Other cryptos are fast coming up though.
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They say money makes the world go round that perhaps is the angle you could be talking about. It could make you prolong life by having access to better health facility, live a good life, visit for tourism, sleep in different big hotels in the world and all that comes with it etc. The reality however is that, is not above everything, where is God? Some individuals too cherish different things in place of money.
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Tax is currently in on paper money, I don't think bitcoin is taxed because it is relatively new I think so. Just few people are knowledgeable about digital currency ,so it is yet to come up.
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The positive sides of it says it all, no government control, easily accessible and fast transactions just by consenting and is done between pairs, decentralized but same everywhere on like paper money that is distinct from each other depending on the country. Etc
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There are people who will always be poor in any circumstances. What I mean is, a rich man today might have misfortune tomorrow and become poor. Poor today might become rich tomorrow, vice - versa. So, with or without bitcoin, people won't be the same financially. Even in the bible, there were rich and poor. When Abraham was rich, some other people didn't have what he had.
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Alcohol is an open door if you want to escape reality for a little while. Then again, for some people, so are exercising, praying, sex or video games. Anything done in excess or as a substitute for something else can become an addiction. So the thing is not to drink or not to drink, but to escape from reality or not  I like that angle - reality of life. Yeap, like a poor man forgets his sorrows when he is drug right..., like someone forgets his pains when they are drunk, etc. I also hear, it is also part of what causes organ failure but I don't know about that. Moderation in life is better. |
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