-- Bitcoin Countdown - Total Global Monetary Collapse: 2015

[Vlad2Vlad]

I will add a factual piece to the above post about China.

They recently recast all their gold, their large 5 kilo bars into much smaller 1 kilo bars (I believe), and the argument is that they're planning to go to a gold standard for either the Yuan or a new currency.

These new bars are thought to be made smaller to accommodate smaller investors.  There is no other good reason to go through so much trouble.  

Personally, I don't think China is gonna use the Yuan, its perception is not that of a global currency and they too would love a digital currency.

And it's also a fact that China and Russia have embraced the Bitcoin and their citizens have started mining and hoarding it.

So it's possible China may try to head off the US and Europe and they may try to hijack Bitcoin or another crypto, new or existing, and in retaliation, the western world may jump on a different crypto and that may be how we get 2 large and powerful, competing cryptos.  Hard to tell but we're still very much enemies with those countries and they with us so it should get interesting.

[digitalindustry]

I think you're misunderstanding , because you are not correctly separating individual events  , but are instead seeing connections and coming to a conclusion.

However im not here to say with authority that it will " be this way,  or that way "

Just for the purposes of a discussion .

As stated I empathize with these idea's as they appear compelling , but sometimes one has to follow events to a natural logical conclusion. 

If you think about both the political aspects and the economic aspects , you will likely see this clearer.

Am I making comments in regard to the viability of cryptocurrency ?  I am not. I believe these to be a viable beneficial investment.

They are beautiful in their market operations. 

[klintay]

Yayy, the world's coming to an end. Will that make it easier for me to pick up girls?

Look at Glenn in the Walking Dead. He uses the apocalypse to date above his league 

[sudo23]

 

How much US$ have you invested in Bitcoins? 

[Vlad2Vlad]

How much US$ have you invested in Bitcoins?  

Not that much, I don't have a lot of disposable income right now, about $8,000 total.  But 55 Bitcoins have gone only into ixCoin as I'm convinced that will be the next big crypto currency.  I would like to buy 10-15 more Bitcoins on the next dip and to just hold them as BTC and wait for the ETF run and then sell them and buy Bitcoin ETF options.  

Buying a derivative (options) on a derivative (ETF) should have a nice 100 fold leveraging factor - but it will be equally risky so if you don't get the timing right you will lose it all.  

Just an FYI for those thinking of buying options if/when that ETF comes out.

[Vlad2Vlad]

I think you're misunderstanding , because you are not correctly separating individual events  , but are instead seeing connections and coming to a conclusion.

However im not here to say with authority that it will " be this way,  or that way "

Just for the purposes of a discussion .

As stated I empathize with these idea's as they appear compelling , but sometimes one has to follow events to a natural logical conclusion. 

If you think about both the political aspects and the economic aspects , you will likely see this clearer.

Am I making comments in regard to the viability of cryptocurrency ?  I am not. I believe these to be a viable beneficial investment.

They are beautiful in their market operations. 

The biggest and best economist minds have no idea what's going on so then what chance do I have?

Look at Jim Rogers, Paulson, Roubini, Peter Schiff, and the List goes on and on.  They were all wrong about hyperinflation, the exact opposite happened (at least for now) and they were wrong about gold, and a few lost a lot on that call and they were, thus far, wrong about nearly every predicted outcome. 

This is very unusual for these guys - they usually make all the right calls and truly understand what's really going on behind the scene - I have never seen them all wrong at the same time and so consistently lost and confused.

And the reason is that they don't know the inside plan - there are trillions of dollars at work to manipulate the system which these pros can't foresee which then changes the outcome, at least for the near term.

These guys are the best economists in the world and they have lots of insider info I don't have, so I have to do the best I can with the little info I have.

I will say this though, when gold was at $1,800 and all of them were saying buy buy buy, I was saying no way, the govt will drive gold below $1,000 and most likely to $500.  That was a crazy thing to say 18-24 months ago and it went against all these brilliant economists yet here we are, I was right and they were wrong which in itself is a very odd and scary thing. 

Now I read Roubini called for gold to go to $650 on manipulation by the banks and the government, so how did I see it 18 months before these guys?  Maybe I got lucky, but it sure feels nice cause I have a lot of respect and admiration for all of them.