new article"How the looming bitcoin crash will be exploited by globalist"

[IggySe7ven]

new article on infowars.com

read it an tell me your thoughts guys and why its right or wrong and how possible is this scenario.

======================================================

How the looming bitcoin crash will be exploited by globalists

http://www.infowars.com/how-the-looming-bitcoin-crash-will-be-exploited-by-globalists-to-outlaw-decentralized-crypto-currencies/

[IggySe7ven]

here is the article if you dont wanna click link.
======================================================================================================
How the looming bitcoin crash will be exploited by globalists

There’s a bigger agenda happening with bitcoin that needs to be publicly stated, and this goes far beyond the issue of the financial harm that will be caused when the bitcoin bubble finally implodes.

Central banks hate bitcoin. They hate it because it doesn’t allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation of monetary control that underlies all the corrupt governments of the world. As such, bitcoin is a huge threat to the status quo, making it an obvious target for the globalists to attempt to destroy.

Discrediting bitcoin isn’t enough, however. To really be effective, they need to make bitcoin illegal.


The plot to criminalize bitcoin

How do you criminalize bitcoin? The same way you get guns banned: Plan an attack, make sure lots of people get hurt, roll out all the victims in front of the cameras, then use the sob stories as moral justification to crack down with oppressive new laws.

This is the agenda being planned right now with bitcoin. The recipe works like this:

Step 1) Central banks buy up massive quantities of bitcoin currency, driving the prices into the stratosphere and encouraging millions of people around the world to jump on board the “get rich” bandwagon.

Step 2) Once bitcoin valuations reach a sufficient level of insanity, start a massive selloff by dumping the bitcoins you already bought onto the market, offering them for sale at any price (i.e. sell into falling prices, accelerating the loss in valuations).

Step 3) Watch panic take hold as the bitcoin crash accelerates, ending in a catastrophic wipeout of “valuation” of all bitcoins.

Step 4) Find “victims” of the bitcoin crash who can tell a good sob story for the mainstream media about how they invested little Johnny’s college money in bitcoin and lost it all. Roll them out on CNN and MSNBC where they cry on camera and talk about how they were ripped off by bitcoin and now they only trust the government from now on.

Step 5) Demonize bitcoin by characterizing it as a “libertarian pyramid scheme.” Lash out against both decentralized currencies and libertarians.

Step 6) Once the demonization gains traction, have traitors in the U.S. Congress announce a “Consumer Currency Protection Act” that outlaws non-central bank currencies such as bitcoin. It’s all “for your safety,” of course. Shut down all online bitcoin wallets and exchanges, calling them “criminal pyramid schemes” and arrest a few people using bitcoin to send a warning message to the rest.

Mission accomplished! You’ve now made bitcoin look like a “pyramid scheme,” you’ve scared the public into being wary of “anti-government currencies,” and you’ve criminalized their use by consumers.

That’s the goal the central banks are trying to achieve right now. It’s all be set in motion by the bitcoin bubble which will inevitably lead to a bitcoin crash.

That’s the goal the central banks are trying to achieve right now. It’s all be set in motion by the bitcoin bubble which will inevitably lead to a bitcoin crash.

Bitcoin is being manipulated as a pawn in the globalist scheme to destroy freedom

The bitcoin bubble is to currency freedom as the Sandy Hook shooting was to firearms freedom. In both cases, governments will use a crisis to destroy freedom while claiming to be “saving” the people.

The government WANTS bitcoin to be a disaster, and the mainstream media, which has so far refused to give bitcoin much attention, will leap all over the story like vultures once it crashes.

For the record, I’m a proponent of bitcoin and I want it to succeed in the long run, but the mania speculation happening with bitcoin right now is going to be disastrous for its reputation. It is the worst thing that could happen to bitcoin.

What we would prefer to see is a slow, steady rise that reflects stability with low volatility. Instead, we see extremely high volatility, wild price ranges, desperate purchasing patterns and even purchase queues at some exchanges where the demand for bitcoins is so high that it exceeds the limits of the services (such as Coinbase, where you now have to stand in line to buy bitcoins two days later at whatever “market” prices are offered that day).

Why the bitcoin craze is the modern-day equivalent of tulip bulb mania

Bitcoin has become a casino. It is almost a perfect reflection of the tulip bulb mania of 1637 in these two ways: 1) Most people buying bitcoins have no use for bitcoins (just like tulip bulbs), and 2) The rapid increase in bitcoin valuations cannot be substantiated in any way that reflects reality.

In other words, there is no fundamental reason why bitcoins should be 2000% more valuable today than four months ago. Nothing has changed other than the craze / mania of people buying in.

Mark my words: A bitcoin crash will occur, and a lot of people are going to be financially hurt by it. More and more, this bitcoin craze is looking like a “pump and dump” operation, where the only winners are those who are the first to sell.

When bitcoins were in the sub-$20 range, I was not concerned about any of this. I actually encouraged people to buy bitcoins and support the bitcoin movement. But alarm bells went off in my mind when it skyrocketed past $150 and headed to $200+ virtually overnight. These are not the signs of rational markets. These are warning signs of bad things yet to occur.

By the way, the simple way to prove to yourself that everything I’m saying here is true is to ask yourself this simple question: What do the people who are buying bitcoins plan to spend them on?

The answer is NOTHING! They don’t plan to spend bitcoins on anything. They have no use for bitcoins. Their only play (for 90+% of those buying them) is to buy low and sell high. That’s it! For them, bitcoin is nothing more than a speculative vehicle for gambling with some of their money.

Every speculative bubble market that goes up must come down. And it will usually come down at a multiple of the speed at which it went up.

The velocity of bitcoins is a huge red alert

Now, if most bitcoin buyers were actually using the currency on a day-to-day basis, purchasing things online, sending bitcoins to pay off debts, exchanging bitcoins for services, etc., then that would be different. The circulation of a currency is classically known as its velocity. The higher the velocity, the more frequently the currency is being routinely used for transactions.

But the velocity of bitcoins after the initial purchase is shockingly low. What this indicates is that people are buying lots of bitcoins but then sitting on them. Once bitcoins are purchased, in other words, they basically just sit around and aren’t used for any practical purpose.

Amazon.com, for example, doesn’t accept bitcoins. You can’t buy gas for your truck with bitcoins. You can’t shop with bitcoins at the local grocery store. Until bitcoins are more widely accepted and the velocity rises, there is no fundamental reason why their value should suddenly skyrocket.

Of course, those who are deep into bitcoins right now will call me a doom and gloomer. Sure, it’s okay for them to talk about how the dollar is going to crash, or how the Fed is a criminal operation, but the minute I start invoking mathematical reality with bitcoins, suddenly I become the bad guy.

Well, my answer to the critics is that I have more faith in the laws of mathematics than the self-deluded logic of people who own millions of dollars worth of bitcoins and who therefore have a strong self-interest in promoting the bitcoin mania.

They are blinded by their own positions in bitcoins and cannot see through the fog of self delusion. In contrast to that, I own only two bitcoins worth approximately $400 or so, meaning that I have no substantial position in bitcoins to speak of. Whether bitcoins go up or down does not impact me in any meaningful way. My sole motivation in writing this is to warn others away from the extreme risks that are now clearly associated with buying bitcoins at present-day prices.

There is nothing new under the sun

As always, there will be people (we call them “noobs” or “suckers”) who think they have stumbled upon the one exception in the universe to the laws of mathematics and that bitcoin somehow represents a galactic shortcut to universal wealth where everyone can become billionaires by trading each other electronic chunks of data with higher and higher numbers encoded in them. These people are fools, and history will prove them so.

After the bitcoin crash takes place, people will ask me, “Mike, how did you know bitcoin was going to crash when everybody else thought it was going to keep going up forever?” And my answer will be, “Because I believe that 2 + 2 = 4.”

If you understand mathematics, you know that the bitcoin bubble is doomed. Sell while you still can and be happy with the profits you’ve made so far. Importantly, remember that the only reason you can sell is because there’s a “greater fool” on the other side of that transaction who is buying your bitcoins.

The problem with all bubbles is that sooner or later the world runs out of greater fools.

Final notes: Why 95% have no clue what I’m writing about

Frustratingly, perhaps 95% of the people who will comment on this article in social media websites have no understanding of high-level mathematics, no understanding of economics, no understanding of free markets, no understanding of greed vs. fear psychology and no historical context through which they might understand what’s happening with bitcoin. Almost no one buying bitcoins has any clue what they are. They don’t even understand the meaning of the phrase “decentralized peer-to-peer crypto currency” and they have absolutely no working knowledge of public / private key cryptography. They have no idea what they are buying and they have no qualifications whatsoever to even discuss the topic.

This is a case where 95% of the people talking about bitcoin need to be told, simply, “Shut the hell up!” because they literally have no clue what they are talking about.

If you are going to talk about bitcoin, make sure you understand the fundamentals of mathematics, cryptography, free markets, economics and human psychology before opening your mouth. Otherwise, you are only announcing to the world that you’re a complete fool who will soon be parted from his money.

And to all those who think they are going to “get rich” by buying bitcoin today and selling it off when bitcoin goes higher, let me offer you a piece of practical advice: After the bitcoin crash, when you are screaming bloody murder and selling your bitcoins at perhaps 1% of what you paid for them, it will be people like me who will buy them and thus receive a 99% discount on the bitcoins you once bought at a hundred times the price. That discount is called the “IQ discount.”

You know how lotteries are called a “tax on people who can’t do math?” The bitcoin crash will be a massive global wealth transfer from people who can’t understand the dynamics of decentralized crypto-currencies to those who do understand.

If you don’t follow what I’m saying here, then don’t buy bitcoins. You will only be led to the mathematical slaughter.

[Chet]

Nothing new here, them vs. us.
Who wins? I don't know, I broke my crystal ball yesterday.

[IggySe7ven]

chet but do you think the fed cant collapse bitcoin or wouldnt have any reason. I want bitcoins to succed but i am starting to get scared because why wouldnt the globalist do that, it wouldnt take alot of effort for them and its easily within their reach.

[IggySe7ven]

steve if you dont belive in infowars or the agenda to take away people right for 2nd amendment  thats fine If you  would listen to infowars its not just a bunch of morons talking stuff with nothing to back up, they talk the truth and they have alot of facts and amazing guests to back up what they are saying. Alot of people discredit everything they say as conspiracy theories and get their news from mainstream media and that is fine... but thats not even the point. instead of bashing  infowars i want you to tell me why the theory of the  6 step plan listed in the article wouldnt make sense and if bitcoin is a threat why wouldnt globalist do it.

[IggySe7ven]

lol, i guess all you know is how to patronize people. If you wanna watch CNN for your daily news and belive that Obama is the king thats fine. You obviously have no idea what is really happening in the world and to your rights and freedoms.. thats fine, go watch your football game... and next time try to actually make a point that is related to the topic.

[Luno]

The point backing up his article, is that the Mitt Romney black mail (a bitcoin bounty of $1M put up last year for disclosing or not disclosing his tax returns from 2006) never had a political aftermath even the FBI a SS started knocking on doors until they found the guy. Never anything about him going to court either. Strange won't you say?

[BitcoinAshley]

Alex Jones is cointelpro controlled opposition. He is owned by the media companies. Go check out who owns him! Who does he work for; who is that company owned by?

1) Most people buying bitcoins have no use for bitcoins (just like tulip bulbs),

This is a flat-out lie. It is incredibly easy to find a use for bitcoins. JUST USE GOOGLE, DUMMY. Comparing BTC to tulips is laughable at best, considering the fundamentals and use cases are absolutely nothing alike. BUT HEY ALEX, WE CAN PRETEND THEY ARE ALIKE, RIGHT, AND THE "SHEEPLE" WHO WATCH "ALTERNATIVE MEDIA" WILL BELIEVE US? DON'T TELL ANYONE OUR LITTLE SECRET.

and 2) The rapid increase in bitcoin valuations cannot be substantiated in any way that reflects reality.

In other words, there is no fundamental reason why bitcoins should be 2000% more valuable today than four months ago. Nothing has changed other than the craze / mania of people buying in.

Another flat-out lie. A lot has changed - all of a sudden, savings confiscations are on the table and getting media coverage. More countries are slowly adopting savings confiscation legislation. Stories are all over the news about bank corruption and scandals. The market conditions are ripe for a P2P currency.

Calling something a government plan to take everyone's freedom away is a typical AJ/cointelpro tactic - sure, sometimes there are legitimate government plans, but sometimes it's just the government trying to use a psychology slight-of-hand to turn people paranoid against the one thing that could save them.

Since his entire argument for it being a "bubble" is based on two completely false premises combined with some fancy sophist play on the "Lol it r goin up 2 fast" theme, it's safe to assume we can disregard the entire article. ;-D

[...]the financial harm that will be caused when the bitcoin bubble finally implodes.

Central banks hate bitcoin. They hate it because it doesn’t allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation of monetary control that underlies all the corrupt governments of the world. As such, bitcoin is a huge threat to the status quo, making it an obvious target for the globalists to attempt to destroy.

Contradiction. (1) Call bitcoin a bubble, imply that it won't survive, Later on in article, claim it's just a government conspiracy to control you. Use two flat-out lies to support your erroneous claim that it's a bubble (I addressed this above.) (2) Review bitcoin's fundamentally revolutionary aspects and its potential to overthrow the Rothschild central banks. Keep reminding readers that you actually do support bitcoin. Alex, are you just trying to confuse us? Oh right, yes you are. Did you know that the only reason Alex Jones was on Piers Morgan was to make gun owners look like obnoxious, boisterous lunatics so that more mainstream Americans would support gun control? 

For a silly intellectual exercise, let's compare the fundamentals and use cases of tulips and bitcoins so we can see how stupid these people really are.

Remember, a line doesn't have to (a) keep going straight up unsustainably, or (b) go straight up then crash straight down. This is a false choice fallacy that the "bubble" fanatics play into. Another option is that it can rise exponentially (or higher-than-exponentially) and then level out once it reaches a value that reflects its fundamentals and use cases. About Hypermonetization

[dg2010]

Sorry but Infowars is a continuous stream of conspiracy theory bullshit and I can't take anything on that site seriously.

[IggySe7ven]

Ashley, this is not about infowars or the writer, or whether they contradict themselves or not, you got your opinions on that and thats fine.. I am not saying whether i am agreeing with the article or not..

tell me this instead...

Is it possible for goverment or Central banks or whatever (doesnt matter what agency ) to buy bitcoins and drive the price up and then purposly crash bitcoins by selling off huge amounts of bitcoins and creating panic and driving the price down? I wanna know if you belive that scenario is possible or not, i dont wanna hear about your opinion on the authors because its not important.

[pretendo]

The more alarmist bear news the better. It will prevent future panics

[Chet]

Iggy
No fear, fear is the little death.
Yes they will attack, that article is just one foray. Fear is what they want.

[bitcoiner32]

here is the article if you dont wanna click link.
======================================================================================================
How the looming bitcoin crash will be exploited by globalists

There’s a bigger agenda happening with bitcoin that needs to be publicly stated, and this goes far beyond the issue of the financial harm that will be caused when the bitcoin bubble finally implodes.

Central banks hate bitcoin. They hate it because it doesn’t allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation of monetary control that underlies all the corrupt governments of the world. As such, bitcoin is a huge threat to the status quo, making it an obvious target for the globalists to attempt to destroy.

Discrediting bitcoin isn’t enough, however. To really be effective, they need to make bitcoin illegal.


The plot to criminalize bitcoin

How do you criminalize bitcoin? The same way you get guns banned: Plan an attack, make sure lots of people get hurt, roll out all the victims in front of the cameras, then use the sob stories as moral justification to crack down with oppressive new laws.

This is the agenda being planned right now with bitcoin. The recipe works like this:

Step 1) Central banks buy up massive quantities of bitcoin currency, driving the prices into the stratosphere and encouraging millions of people around the world to jump on board the “get rich” bandwagon.

Step 2) Once bitcoin valuations reach a sufficient level of insanity, start a massive selloff by dumping the bitcoins you already bought onto the market, offering them for sale at any price (i.e. sell into falling prices, accelerating the loss in valuations).

Step 3) Watch panic take hold as the bitcoin crash accelerates, ending in a catastrophic wipeout of “valuation” of all bitcoins.

Step 4) Find “victims” of the bitcoin crash who can tell a good sob story for the mainstream media about how they invested little Johnny’s college money in bitcoin and lost it all. Roll them out on CNN and MSNBC where they cry on camera and talk about how they were ripped off by bitcoin and now they only trust the government from now on.

Step 5) Demonize bitcoin by characterizing it as a “libertarian pyramid scheme.” Lash out against both decentralized currencies and libertarians.

Step 6) Once the demonization gains traction, have traitors in the U.S. Congress announce a “Consumer Currency Protection Act” that outlaws non-central bank currencies such as bitcoin. It’s all “for your safety,” of course. Shut down all online bitcoin wallets and exchanges, calling them “criminal pyramid schemes” and arrest a few people using bitcoin to send a warning message to the rest.

Mission accomplished! You’ve now made bitcoin look like a “pyramid scheme,” you’ve scared the public into being wary of “anti-government currencies,” and you’ve criminalized their use by consumers.

That’s the goal the central banks are trying to achieve right now. It’s all be set in motion by the bitcoin bubble which will inevitably lead to a bitcoin crash.

That’s the goal the central banks are trying to achieve right now. It’s all be set in motion by the bitcoin bubble which will inevitably lead to a bitcoin crash.

Bitcoin is being manipulated as a pawn in the globalist scheme to destroy freedom

The bitcoin bubble is to currency freedom as the Sandy Hook shooting was to firearms freedom. In both cases, governments will use a crisis to destroy freedom while claiming to be “saving” the people.

The government WANTS bitcoin to be a disaster, and the mainstream media, which has so far refused to give bitcoin much attention, will leap all over the story like vultures once it crashes.

For the record, I’m a proponent of bitcoin and I want it to succeed in the long run, but the mania speculation happening with bitcoin right now is going to be disastrous for its reputation. It is the worst thing that could happen to bitcoin.

What we would prefer to see is a slow, steady rise that reflects stability with low volatility. Instead, we see extremely high volatility, wild price ranges, desperate purchasing patterns and even purchase queues at some exchanges where the demand for bitcoins is so high that it exceeds the limits of the services (such as Coinbase, where you now have to stand in line to buy bitcoins two days later at whatever “market” prices are offered that day).

Why the bitcoin craze is the modern-day equivalent of tulip bulb mania

Bitcoin has become a casino. It is almost a perfect reflection of the tulip bulb mania of 1637 in these two ways: 1) Most people buying bitcoins have no use for bitcoins (just like tulip bulbs), and 2) The rapid increase in bitcoin valuations cannot be substantiated in any way that reflects reality.

In other words, there is no fundamental reason why bitcoins should be 2000% more valuable today than four months ago. Nothing has changed other than the craze / mania of people buying in.

Mark my words: A bitcoin crash will occur, and a lot of people are going to be financially hurt by it. More and more, this bitcoin craze is looking like a “pump and dump” operation, where the only winners are those who are the first to sell.

When bitcoins were in the sub-$20 range, I was not concerned about any of this. I actually encouraged people to buy bitcoins and support the bitcoin movement. But alarm bells went off in my mind when it skyrocketed past $150 and headed to $200+ virtually overnight. These are not the signs of rational markets. These are warning signs of bad things yet to occur.

By the way, the simple way to prove to yourself that everything I’m saying here is true is to ask yourself this simple question: What do the people who are buying bitcoins plan to spend them on?

The answer is NOTHING! They don’t plan to spend bitcoins on anything. They have no use for bitcoins. Their only play (for 90+% of those buying them) is to buy low and sell high. That’s it! For them, bitcoin is nothing more than a speculative vehicle for gambling with some of their money.

Every speculative bubble market that goes up must come down. And it will usually come down at a multiple of the speed at which it went up.

The velocity of bitcoins is a huge red alert

Now, if most bitcoin buyers were actually using the currency on a day-to-day basis, purchasing things online, sending bitcoins to pay off debts, exchanging bitcoins for services, etc., then that would be different. The circulation of a currency is classically known as its velocity. The higher the velocity, the more frequently the currency is being routinely used for transactions.

But the velocity of bitcoins after the initial purchase is shockingly low. What this indicates is that people are buying lots of bitcoins but then sitting on them. Once bitcoins are purchased, in other words, they basically just sit around and aren’t used for any practical purpose.

Amazon.com, for example, doesn’t accept bitcoins. You can’t buy gas for your truck with bitcoins. You can’t shop with bitcoins at the local grocery store. Until bitcoins are more widely accepted and the velocity rises, there is no fundamental reason why their value should suddenly skyrocket.

Of course, those who are deep into bitcoins right now will call me a doom and gloomer. Sure, it’s okay for them to talk about how the dollar is going to crash, or how the Fed is a criminal operation, but the minute I start invoking mathematical reality with bitcoins, suddenly I become the bad guy.

Well, my answer to the critics is that I have more faith in the laws of mathematics than the self-deluded logic of people who own millions of dollars worth of bitcoins and who therefore have a strong self-interest in promoting the bitcoin mania.

They are blinded by their own positions in bitcoins and cannot see through the fog of self delusion. In contrast to that, I own only two bitcoins worth approximately $400 or so, meaning that I have no substantial position in bitcoins to speak of. Whether bitcoins go up or down does not impact me in any meaningful way. My sole motivation in writing this is to warn others away from the extreme risks that are now clearly associated with buying bitcoins at present-day prices.

There is nothing new under the sun

As always, there will be people (we call them “noobs” or “suckers”) who think they have stumbled upon the one exception in the universe to the laws of mathematics and that bitcoin somehow represents a galactic shortcut to universal wealth where everyone can become billionaires by trading each other electronic chunks of data with higher and higher numbers encoded in them. These people are fools, and history will prove them so.

After the bitcoin crash takes place, people will ask me, “Mike, how did you know bitcoin was going to crash when everybody else thought it was going to keep going up forever?” And my answer will be, “Because I believe that 2 + 2 = 4.”

If you understand mathematics, you know that the bitcoin bubble is doomed. Sell while you still can and be happy with the profits you’ve made so far. Importantly, remember that the only reason you can sell is because there’s a “greater fool” on the other side of that transaction who is buying your bitcoins.

The problem with all bubbles is that sooner or later the world runs out of greater fools.

Final notes: Why 95% have no clue what I’m writing about

Frustratingly, perhaps 95% of the people who will comment on this article in social media websites have no understanding of high-level mathematics, no understanding of economics, no understanding of free markets, no understanding of greed vs. fear psychology and no historical context through which they might understand what’s happening with bitcoin. Almost no one buying bitcoins has any clue what they are. They don’t even understand the meaning of the phrase “decentralized peer-to-peer crypto currency” and they have absolutely no working knowledge of public / private key cryptography. They have no idea what they are buying and they have no qualifications whatsoever to even discuss the topic.

This is a case where 95% of the people talking about bitcoin need to be told, simply, “Shut the hell up!” because they literally have no clue what they are talking about.

If you are going to talk about bitcoin, make sure you understand the fundamentals of mathematics, cryptography, free markets, economics and human psychology before opening your mouth. Otherwise, you are only announcing to the world that you’re a complete fool who will soon be parted from his money.

And to all those who think they are going to “get rich” by buying bitcoin today and selling it off when bitcoin goes higher, let me offer you a piece of practical advice: After the bitcoin crash, when you are screaming bloody murder and selling your bitcoins at perhaps 1% of what you paid for them, it will be people like me who will buy them and thus receive a 99% discount on the bitcoins you once bought at a hundred times the price. That discount is called the “IQ discount.”

You know how lotteries are called a “tax on people who can’t do math?” The bitcoin crash will be a massive global wealth transfer from people who can’t understand the dynamics of decentralized crypto-currencies to those who do understand.

If you don’t follow what I’m saying here, then don’t buy bitcoins. You will only be led to the mathematical slaughter.

Can you elaborate on the math that tells you bitcoin MUST crash? I've got a decent background in math and I disagree.

There's been a runup in price that wouldn't be considered extreme with network effects (2^n) and new adoption rates considered. But even if you consider the current run-up extreme, there's a limit to the total number of bitcoins, and consistent increases in human productivity over time almost guarantee increasing purchasing power of bitcoins, even after we reach 100% market saturation, which I think everyone agrees we are no where near currently. And even if we "overshoot" the saturation point, where people realize they bought bitcoins that they never plan to use, the bitcoins don't lose their utility as a store of value, gold being the main example of this.

I'm not saying there couldn't be a crash due to crisis of confidence, hacking or something, but as far as a mathematical bubble that dictates a crash, I don't see what you mean.

[NikolaTesla]

Infowars is pure FUD alex jones has been predicting martial law every year for the last 15 years and we still haven't seen it yet

[AwkwardSituation]

Ahhh, then I shall wait for the "looming bitcoin crash" to exploit the exploited and purchase their btc for subterranean prices.  I imagine I am not the only scavenger ready to clean the bones of the fallen.

[ColdHardMetal]

Infowars is pure FUD alex jones has been predicting martial law every year for the last 15 years and we still haven't seen it yet

New theory: Proudhon is Alex Jones.

Based on repeating the same claims until being able to say "There! I was right."

[Chet]

Frankly I don't much care about people buying BTC to "make a quick buck".
Don't invest what you can't afford to lose, in BTC or anything else.
Could someone with a lot of money they don't care about try a 'pump and dump' yeah they could but first they will try to scare people with stories like AJ, then they will try hacking and ddos (well they may have already done that).

To pump and dump they need an awful lot of btc - will enough people sell? That is the real question.

[aurora]

according to pump and dump tactics, when manipulator done selling his coins, there is bad news campaign started. I think we see negative news coverage last couple of weeks

[Operatr]

Given Bitcoin was not killed by any market crash before it, I think it'll be fine either way. It is currently the worlds only debt free backed currency system not laden with unbelievable debt and piss poor policy led by greedy sociopaths. Ether this is a bubble, or a sign that the world has just begun transferring to Bitcoin because it should be extremely obvious that banks and the governments can no longer be trusted, and they will NOT FIX THIS. BTC has been an escape hatch for Cyprus investors, and that was just the first little wave. When the first country to fail needs an out, what will they choose? Either burn in financial hell, or submit to BTC as it is free and rapidly deplorable.

The concept is proven, banks should be scared of it because they can't control this at all. If they crashed the market now, all that will do is nothing. Fiat currencies are already crashing as they are, Bitcoin's crash would just be another footnote in that story because it is not *real* currency to them.

More and more merchants are getting the hint, BTC has only been around 4 years and only in the spotlight for a few months now. The list of merchants accepting it is only growing wanting a piece of this action.

Most banking institutions and gov can't even comprehend basic accounting, let alone bringing down Bitcoin. They have bigger fish to fry like getting themselves out of their hole before they collapse entirely. Razing Bitcoin would do nothing to prevent it. Not like everyone would go "oh well!" and go marching back to fiat, which is entering it's last days and everyone who is keeping up on the world knows it as an inevitability. Our government tried to stop BitTorrent and I recall P2P everything is still in play, because there isnt jack they can do. The net is too big. Short of North Korean type super censorship, there isn't anything they can do to stop BTCs rise.

Everyone is too concerned with the market price and should be focused more on the system itself and propagating it. In the future if Bitcoin becomes dominant, there will only be Bitcoin and nothing else to exchange to but other cryptp-currencies like Litecoin as fiats continue to become more worthless by the day.

If there really is a shadow government meaning to bring about the end of days, I think Bitcoin was an element they did not expect to come into play as a possible way out for all of us, and that really screws their One Currency idea if we already have our own that they cant control. Their control will wither and die because money no longer belongs to them. They might have been planning these events for 200 years, but they could not have predicted the technology in that scheme.

I almost wonder if we might see a mass exodus to Bitcoin in the near future, which means an instant power transfer away from our failed financial institutions and crooked lairs of governments.

It looks nice now because the worlds bubble hasn't popped yet and the USD is riding it until the end. Once BTC reaches $10,000 per coin of worthless fiat later on, anyone going to care then knowing it means nothing? Why would you ever pull your funds back into a failing currency.


Who really knows, aside this will be really interesting and probably terrifying to watch happen live before our eyes.