Obama says the US will attack Syria, Bitcoin value rises to new heights

[Its About Sharing]

Congress will vote Obama down, just like most of the world will.

Saudi Arabia wants a pipeline through Syria. Obama and them ain't getting it.

I don't want blood money on BTC.

It's about sharing...

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[xxjs]

[...]
It's about sharing...

Wondered about this for some time: I hope it is sharing as in gifts or gifts voluntary aid organizations, not taking from some by force and diverting to random strangers, in order to create group hate, in order to secure the power of the elites.

[AceCoin]

the more aggressively the US pursues this madness, the more we can expect indirect hostility to US dominance in all spheres (currency and financial domination being only one area)

mmmmm another interesting point of view

[Bitcoinpro]

even if it did rise seemingly at the same time id say, it was due to the underlying dynamic fundamentals

[Jungleho]

Well people have been taking money out of emerging markets due to the human variable. They get scared and pull out everything causing those investments to fail. furthermore, Bitcoin has been getting emence amounts of press lately. this means that people are taking money out of other places, and they might come across an article related to bitcoins, and choose to invest there. being a decentralized currency, it's value always goes up and people see it as a star investment. then people invest money and the value of the item goes up further, making even more people want to invest in it. since there are no outside factors, and people understand that their is no logical reason for the bitcoin to fall, as it's not based on the success of anything else, it will always succeed. Making the threat on Syria a valid reason for the bitcoin to increase in value.

[Herp]

In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times. Gold becomes the only valid currency but since Bitcoin is much easier to move around than gold....it really is gold 2.0. It's very easy to cross the border with it unlike with gold or cash as you don't risk what happened to these poor folks http://www.shtfplan.com/headline-news/report-authorities-seize-50-million-in-gold-from-private-owner-nearly-a-ton-video_04062013.
It also beats diamonds. http://www.bobsguide.com/guide/news/2008/Jun/20/ubs-banker-smuggled-diamonds-in-a-toothpaste-tube.html

Imagine all those middle class or wealthy Syrians looking to relocate some of their wealth to avoid death and property destruction.

[murraypaul]

In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times.

What are the 'recent times' when the USD stopped being accepted by trading partners?

[Herp]

In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times.

What are the 'recent times' when the USD stopped being accepted by trading partners?

I wasn't talking about USD.

[murraypaul]

In dire times of war national currencies are no longer accepted by trading partners due to default risk, huge inflation and so on. This is what happened in WW2 and also in recent times.

What are the 'recent times' when the USD stopped being accepted by trading partners?

I wasn't talking about USD.

You said "Gold becomes the only valid currency", implying surely that all national currencies were no longer accepted?
If not, then the USD would continue to be the standard reserve currency, and other countries would use that when trading.

[murraypaul]

Imagine all those middle class or wealthy Syrians looking to relocate some of their wealth to avoid death and property destruction.

And how exactly are they going to be buying Bitcoins (quickly) to transfer out?

[Herp]

Imagine all those middle class or wealthy Syrians looking to relocate some of their wealth to avoid death and property destruction.

And how exactly are they going to be buying Bitcoins (quickly) to transfer out?

I know there's an Iranian exchange that recently popped up. Not sure how quickly they can access that but people usually take precautionary steps. They don't actually wait for the slaughter to get to their front door before acting.

Regarding previous point a recent example is Gadhafi paying his mercenaries in gold during Lybian war. Gold key to financing Gaddafi struggle - FT.com http://www.ft.com/intl/cms/s/588ce75a-53e4-11e0-8bd7-00144feab49a,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F588ce75a-53e4-11e0-8bd7-00144feab49a.html%3Fsiteedition%3Dintl&siteedition=intl&_i_referer=

Theoretically USD could also be an option but it's better to store and move gold for such occasions than USD. Gold is more reliable than any fiat currency. This was proven historically many times over.

[cryptocoinsnews]

interesting development regarding the congress now.. what do you think will happen if they say no?

[Carlton Banks]

interesting development regarding the congress now.. what do you think will happen if they say no?

I don't think it will be a no. The blackmail-bribe-athon is likely to be hard at work ATM. More interesting to see how the Obama administration thinks it will avoid condemnation by the UNSC, and the rest of the UN members.



Didn't they do the whole thing of ignoring the UNSC in Iraq part II because of the terrorist threat represented by Iraq? Now it seems that people have just forgotten that mitigation, USA goes to war on flimsy evidence that is almost entirely an emotional argument.

Interesting also that while Russia has been vocal about it all, China has been very quiet. I've heard no attempt to explain this disparity from any commentator of any of the various factions in this conflagration.

[notme]

Not entirely sure those two things are related.

Me either.  The majority of Americans are against any interference and Obama has said no "boots on ground."  Obviously this could change but for right now I see the "attack" as nothing more than a couple of cruise missiles launched their way to tell them to knock it off.  1,500 casualties isn't an incredibly large amount in the grand scheme of things.

Unless your father is one of the 1500.  Then you dedicate your life to fighting the USA.  This is how "terrorists" are created.  And calling it no big deal is what keeps them from forgiving and moving on.

[Carlton Banks]

The hypocrisy is enough to make you lose consciousness before you can take it all in.

Who are overwhelming the biggest manufacturers and merchants of chemical munitions and systems? USA weapons manufacturers.

Who are overwhelming the biggest users of chemical (and nuclear tipped) munitions in conflicts over the last 60 years? USA armed forces.

Where were the calls to declare attacks on the USA from all those governments that are singing the chorus now for attacking Syria? I could go on, but I fear the passing out from indignation thing will get to me before I'm done

[xxjs]

1,500 casualties isn't an incredibly large amount in the grand scheme of things.

This is collectivism, the value of human beings reduzed to zero. No retirement for you, it is directly to the soilent green factory at 45.

[cryptocoinsnews]

What do you think Russia will do? Could it create uncertainty for BTC?

[600watt]

I think that the bubble is not over yet, it has just started !!!

you are referring to the $ bubble, aren´t you?

[notme]

I think that the bubble is not over yet, it has just started !!!

you are referring to the $ bubble, aren´t you?

Bond bubble ends, $ bubble begins.