When the Bitcoin pump and dump scam finally implodes and they make a bunch of documentaries on it, they will be like "Millions of people were being scammed left and right.  Chinese Scammers.  Jew scammers.  There was only one man - a single Nazi war hero who stood in their way".

This market is aids.  It looks like there's a 10 year old just randomly pressing buttons to make it go up and down.  The dumbest of shitcoiner can probably tell the entire rise from $4k was completely artificial originating from a single entity too.  I'm tired of looking at both Jewish controlled and Chinese controlled markets.  Both are shit scams 24/7.  Unfortunately, every market in the world falls into one of those two categories now.

They cry about that question because they don't have any answer to it.  Bitcoin is a Keynesian currency based on artificial scarcity and arbitrary variables.  It is not the "first" anything.  Thousands of artificial currencies have come before it and having it digitized makes zero real difference.  If anything it's a drawback because a peer to peer transaction can actually be done with a physical, paper currency, while every Bitcoin transaction has built-in, rent seeking middlemen and requires three or more parties to do.

In the end, all currencies are garbage, confidence games based on artificial scarcity that start at a value of zero and all return there.  Money - which is required to be a physical commodity resource as defined by Aristotle such as gold and silver - are the only type of monetary instrument worth talking about that aren't Keynesian scams.

What Chuck E Cheese do you guys want to have the $0 Bitcoin party at?


Might be because even though China has stacked a boat load of precious metals, it's still nowhere near enough to cover their enormous population, debts, and economy in any type of reset, so now they're trying to trick people into make believing the imaginary, digital timestamps their country has cornered the market on with Bitmain are actually worth something.  That and the Chinese + US govt are both pure shit and trying to scam their populations into digital only, Chinese social credit score tracking systems and abolish physical money - aka Bitcoin.

I'm not sure an actual deflationary crash will even be allowed to happen like 2008.  If a liquidity event occurs, they might just shut down markets, revalue metals by an obscene amount to re-capitalize the system, then re-open again the next day.  What other reason would Basil III ruling exist?  But they'll probably just keep trying to print more and more money and blow up the system through hyperinflation instead solely to avoid doing any metals revaluation even though debt monetization will automatically cause that to happen anyway.

Your post is completely nonsensical and is like a college freshman talking about theory without actually knowing how things work in practice.  If someone owes $300k for a mortgage and deflation occurs, that amount due may now be equivalent to $600k instead through deflation.  One way or another they're going to default even if you make it illegal to default.  Everyone and their mom is either going to walk away from those loans or be unable to pay and all banks collapse.

A college freshman (the brain of HairyMaclairy) would look at deflation and think it's good for banks because their relative profits from loans should increase.  In reality, they take a bath on every single loan and die.  When the banks implode, fiat then has a value of zero and Exter's Pyramid takes play where the value of all assets on earth is simply divided by the number of above ground ounces of physical gold and silver.  Metals win in either deflationary or inflationary collapse.  Bitcoin is useless in deflationary collapse and it's value would be nothingness.

Trollgoossens is already drunk and high, that's why he's buying imaginary, valueless, digital timestamps instead of physical silver:

https://usdebtclock.org/

WHAT miner capitulation???  There was no increase in mining when the price was pump and dumped to $20k (probably China mining cartel colluding with Giancarlo at Bitfinex to make it happen and knew it was unsustainable price rigging so why build more miners?).  The price then flopped back down and mining has been mostly the same during this entire series of events.  

There is no "miner capitulation".  If the Bitmain/Chinese mining cartel actually did "capitulate" and turned off their monopoly, the chain would freeze and require a hard fork and the price would be pennies.  What is it?  60% of mining is done at two dams in China?  I think we would have noticed if they "capitulated".

Trumps new nuclear war idea...

https://www.silverdoctors.com/headlines/world-news/obliteration-trump-threatens-iran-with-nuclear-strike/

Why it's a dumb idea:

Platinum to me seems to be in the same boat as things like palladium and rhodium.  In a deflationary collapse or hyperinflation causing the banks to implode or a currency crisis to happen, virtually nobody will be doing ANYTHING with palladium.  All eyes will be focused on gold and silver.  Both the acceptability and price discovery of the outlier metals will be non-existent because there will just be nobody doing anything with them.  All the volume will be in gold and silver in the rush to the exits.

The second these problems start to manifest in a major way, the world will also become MUCH smaller and you'll need to have reliable local liquidity.  In order to do anything with things like palladium, platinum, and rhodium, you currently have to do business by mail with some large company many states away.  That's a huge problem.  Most towns and cities already have places you can buy and sell silver and gold before the system blows up, and that will just increase more afterwards, while there will be a big question mark for anything that's not gold and silver.

Gold and silver are the 'alternative' of the current monetary system, and when the main system goes bust, people generally go straight to the alternative instead of going to 'the alternative of the alternative'.  That's bad news for things like platinum, palladium, and bitcoin.  Bitcoin will probably mirror the chart of rhodium when the system blows up because it will have garbage acceptability compared to gold and silver (70% of Zerohege posters voting they have strong negative feelings towards digital shitcoins in the poll) and will not be valid as collateral for anything since it's imaginary to begin with:

Debt monetization is the same thing as reinstating "hard money" - silver and gold.  You can't defeat the invisible hand of the market in the end.  As for platinum which OROBTC mentioned above, platinum is cheap too, but it's never really been a monetary metal and probably doesn't have a lot of hope being recognized as one by most countries when the supply is concentrated in Russia + South Africa.  That and the collapse of new car purchases will really hurt it.  There's a huge glut of new cars sitting around and won't be much industrial or monetary demand for platinum, while silver has high demand in both economic implosions and expansions.

Shitcoiners going wild off 1% movements now...

You don't seem to understand how to make money.  The goal is to buy the most underpriced asset, and silver is currently far cheaper than gold in historical terms.  Nobody who is trying to make money buys gold instead of silver when the GSR is 90:1.  Claiming "it's too heavy" is like claiming someone in your town is giving away free brand new cars but you don't want any because "they're too heavy".  

Not to mention the fact there's something like 1/4th as much above ground silver now as during the 1980's highs while above ground gold supplies have doubled since then.  Silver seems highly deflationary until the price vastly increases to warrant recycling while gold is inflationary.  I don't know the exact number, but I've seen people claim it requires a silver price of $300 to warrant extracting it from computers.

You shitcoiners don't seem to understand where Bitcoin price growth originates from:  expansion of mining and the artificial scarcity Ponzi known as halvings.  The price cannot go to a zillion dollars each while cost of production to mine a Bitcoin is $3k.  The second there's a large disparity in market price and production price, all the miners immediately dump, as well as most speculators that keep tabs on things like this.

Unlike previous pump and dumps, in the last pump and dump to $20k, there was no real expansion of mining in response to the price so mining appears to be peaking out.  Mining obviously cannot expand forever, so I don't know why anyone would find it shocking Bitcoin reaching peak mining an entire 10 years after release.  For the price of Bitcoin to go to $100k, mining would need to expand more than 10x higher than it already is and Bitcoin would probably use more power than the entire United States.  It ain't happening.  Bitcoin's main driver of price - mining expansion - is now gone.

Disregard Vitalik aesthetics.

Disregard shitcoins.  Acquire physical silver.

A coin that is used for absolutely nothing - just like all craptocurrencies - and it's market cap is $600 million dollars with a buy side of 19 BTC.  That's how you can easily tell digital tardcoins are still in an enormous bubble.  After the bubble implodes, it will either have no buy side at all, or the same 19 BTC buy side, just at a market cap of like $6 million or less.  Will BTC also lose two zeros?  Tune in to find out!

It's because there's no basis for any type of price floor or fair value for any imaginary, valueless, digital token besides $0, so their buy in time always has an enormous chance of failure.  The only thing setting Bitcoin apart would be a pseudo, temporary, sunk cost fallacy price floor provided by the hardware and production cost of the centralized ASIC monopolies.  GPUs are migratory and can always leave to a different coin, but the centralized ASIC monopolies are mostly stuck to a particular one.  

The ASIC cartel monopolies are then 'on your team' so to speak, always trying to rig the price as high as possible to gouge as many people as possible, and to prevent it from going below their cost of production and blowing up their monopoly business.  As you can see, the complete centralization of Bitcoin into a monopoly cartel is one of the main reasons for it's high price.  It has zero fundamentals due to the centralization and will eventually implode to nothingness because of it, but in the short term it was beneficial to price (manipulation).  

Silver, bitchez