The Noose Is Tightening around Bitcoin

[Down Not Dead]

“On April 17, the U.S. government will purposefully send Bitcoin crashing to $200… triggering a collapse of the global markets, along with the 401(k)s, IRAs and
brokerage accounts of millions of Americans.

https://pro.agorafinancial.com/p/AWN_bitcoin_0218/EAWNU2AA/?email=GR8GLR%40msn.com&a=13&o=60196&s=71106&u=6458046&l=994590&r=MC2&vid=1m9j2O&g=0&h=true

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[odolvlobo]

And when it doesn't happen? What will he say then?

[jhean_arcane]

And when it doesn't happen? What will he say then?

Perhaps he'll move the date to later this year to save his face and will continue to be firm in his stance. But one article he wrote says:

"I myself have argued that blockchain technology has a bright future, even though I believe bitcoin does not.
The bottom line is don’t invest in cryptocoins (with a few exceptions), but invest in blockchain technology instead."

So he actually contradicted himself there.

[pawel7777]

And when it doesn't happen? What will he say then?

He'll just claim that the government changed their plan due to him exposing it and warning people, then he'll crown himself as saviour of the planet.
From quick research I see he already predicted imminent hyperinflation of USD back in 2009. Still waiting...

I sense some serious delusion of grandeur on this guy. Some people don't age well.

[darkangel11]

The only thing interesting in this video are those birds outside that don't give a shit, happily filling their bellies.
I predict that we'll still be higher than we are today in May and there won't be any $200 $300 or anything lower than $5000 this year. We'll see who is going to be more famous!

He'll just claim that the government changed their plan due to him exposing it and warning people, then he'll crown himself as saviour of the planet.

Oh noes, you saw through his plan! Now he'll have to change it again! 

[littlebill16]

Don't count it out guys, even a broken clock is right twice a day, if it does come to be it won't be anything to do with what this guy says though.

Some people really are bizarre, how is it that he has nothing better to do than to spread such nonsense.

[asdalani]

“On April 17, the U.S. government will purposefully send Bitcoin crashing to $200… triggering a collapse of the global markets, along with the 401(k)s, IRAs and
brokerage accounts of millions of Americans.

https://pro.agorafinancial.com/p/AWN_bitcoin_0218/EAWNU2AA/?email=GR8GLR%40msn.com&a=13&o=60196&s=71106&u=6458046&l=994590&r=MC2&vid=1m9j2O&g=0&h=true

It's cool to see this and have the price of Bitcoin going up like around a thousand dollars within a day.

[QuestionAuthority]

Look at this douche nozzle:



He’s just pissed off because he hasn’t gotten laid since 1973. He missed the bitcoin boat and now he wants to buy in cheap so he’s talking a lot of shit about bitcoin. His predictions have been wrong about 80% of the time. I don’t know why anyone would buy one of his books because he’s a known scammer.

SCAM ALERT: Resisting Rickard’s Road to Ruin Gold Racket

An impending “government’s secret plan to freeze your money” is part of the same rant as Jim Rickard’s previous warnings about a ” 70% stock market crash”, “$100 trillion meltdown” and  A “coming catastrophe”.  None of these happened.   Yet, Jim Rickards continued to bombard consumers with spam in webpages and email with his doomaggedon rants.   But Rickards isn’t sharing his alarmist point of view out so that unsuspecting US citizens can protect themselves.   No, Mr. Rickards wants your money.   He’s selling you on his doom-saying book about how money is no longer safe as well as a site called “Money Morning” which houses other doom merchants and scaremongers. 

Source: https://www.sandiegocan.org/2016/12/01/scam-alert-resisting-rickards-road-to-ruin-gold-racket/

[jseverson]

SCAM ALERT: Resisting Rickard’s Road to Ruin Gold Racket

An impending “government’s secret plan to freeze your money” is part of the same rant as Jim Rickard’s previous warnings about a ” 70% stock market crash”, “$100 trillion meltdown” and  A “coming catastrophe”.  None of these happened.   Yet, Jim Rickards continued to bombard consumers with spam in webpages and email with his doomaggedon rants.   But Rickards isn’t sharing his alarmist point of view out so that unsuspecting US citizens can protect themselves.   No, Mr. Rickards wants your money.   He’s selling you on his doom-saying book about how money is no longer safe as well as a site called “Money Morning” which houses other doom merchants and scaremongers. 

Source: https://www.sandiegocan.org/2016/12/01/scam-alert-resisting-rickards-road-to-ruin-gold-racket/

Great catch! I really woudn't have believed it either way, but it's nice to have a peek on his motivations. He has already predicted the economy to fail quite a few times, so it only makes sense for him to jump on the bandwagon of crypto. He even (again) tied it to a global market collapse. Man this guy is hilarious.

I'm guessing he will release a book on crypto soon? I mean, he did single out Bitcoin, so he could advise his followers, if he even has any, to take shelter on other cryptos to avoid the inevitable collapse.

[yonjitsu]

But if that doesn't happened, i think he will probably make some excuses and gradually eat his own words. He wanted to spread FUD because maybe he just missed the dip lately and so he wanted bitcoin's price to go down again.

[QuestionAuthority]

SCAM ALERT: Resisting Rickard’s Road to Ruin Gold Racket

An impending “government’s secret plan to freeze your money” is part of the same rant as Jim Rickard’s previous warnings about a ” 70% stock market crash”, “$100 trillion meltdown” and  A “coming catastrophe”.  None of these happened.   Yet, Jim Rickards continued to bombard consumers with spam in webpages and email with his doomaggedon rants.   But Rickards isn’t sharing his alarmist point of view out so that unsuspecting US citizens can protect themselves.   No, Mr. Rickards wants your money.   He’s selling you on his doom-saying book about how money is no longer safe as well as a site called “Money Morning” which houses other doom merchants and scaremongers. 

Source: https://www.sandiegocan.org/2016/12/01/scam-alert-resisting-rickards-road-to-ruin-gold-racket/

Great catch! I really woudn't have believed it either way, but it's nice to have a peek on his motivations. He has already predicted the economy to fail quite a few times, so it only makes sense for him to jump on the bandwagon of crypto. He even (again) tied it to a global market collapse. Man this guy is hilarious.

I'm guessing he will release a book on crypto soon? I mean, he did single out Bitcoin, so he could advise his followers, if he even has any, to take shelter on other cryptos to avoid the inevitable collapse.

I think you’re spot on. He hasn’t been able to sell his books on the end of the world to mainstream investors so he’s going to try and milk the teat of the crypto world. Well Mr. Rickards, fuck off we ain’t buyin it.

[uslfd]

Whoever (probably American) posting this has too much confidence in the importance of US on something as global as bitcoin. Even if US completely bans BTC, BTC is not going to usd200

[Jet Cash]

If they are going to do that, they need to strengthen the dollar first.

[alyssa85]

And when it doesn't happen? What will he say then?

Perhaps he'll move the date to later this year to save his face and will continue to be firm in his stance. But one article he wrote says:

"I myself have argued that blockchain technology has a bright future, even though I believe bitcoin does not.
The bottom line is don’t invest in cryptocoins (with a few exceptions), but invest in blockchain technology instead."

So he actually contradicted himself there.

He not only contradicted himself, but as Giancarlo told the US Senate, it's impossible to have blockchain technology without cryptocurrency, because the purpose of the blockchain is to move coins and record cryptocurrency transactions.

[pereira4]

If the dollar system collapses, Bitcoin will go up. And if they try to purposely dump Bitcoin into oblivion, it doesn't matter, there are a ton of people dreaming with lower prices. It will quickly bought up again. Nobody but braindead idiots would sell their BTC for 3 figures ever again.

Once again, Bitcoin has a limited supply. The governments can't change that. There will always be a demand for a global decentralized digital gold. The governments can't change that.

Conclusion: demand + shrinking supply = price always goes up in the long term.

[The_Dark_Knight]

“On April 17, the U.S. government will purposefully send Bitcoin crashing to $200… triggering a collapse of the global markets, along with the 401(k)s, IRAs and
brokerage accounts of millions of Americans.

https://pro.agorafinancial.com/p/AWN_bitcoin_0218/EAWNU2AA/?email=GR8GLR%40msn.com&a=13&o=60196&s=71106&u=6458046&l=994590&r=MC2&vid=1m9j2O&g=0&h=true

The American government does in fact have the power to crash its economy, they have been doing that for some decades even without even trying so if they want to do it in purpose then they will succeed, what I do not see is how are they going to crash the price of bitcoin? When the economy suffers investors look for assets not connected to the markets, so gold and real estate go up in value and since bitcoin is designed to be independent of government control I assume in an scenario like that bitcoin will gain value.

[MNDan]

He has a nice haircut. Story checks out.

[nc50lc]

A newbie account spreading bad news... Sounds about right.

He has a nice haircut. Story checks out.

I got curious, watched the vid:

video title said right from the start, seems legit (fingers crossed).

[omonuyak]

“On April 17, the U.S. government will purposefully send Bitcoin crashing to $200… triggering a collapse of the global markets, along with the 401(k)s, IRAs and
brokerage accounts of millions of Americans.

https://pro.agorafinancial.com/p/AWN_bitcoin_0218/EAWNU2AA/?email=GR8GLR%40msn.com&a=13&o=60196&s=71106&u=6458046&l=994590&r=MC2&vid=1m9j2O&g=0&h=true

No matter what you guys said we would still holding our coins. Many of you promoting panic news all over the Internet has one aim and that aim is for the weak hand to sell out of panic. If we continue to follow the evils news you guys are posting we would not focus our attention on the good things that bitcoin can do and were price ought to be before end of the same April.

[BTCforJoe]

As much as I hate it when people spread fud, I'm actually kind of grateful for it, at times, because it's a good way for the community to get together and prove fallacies in the fud itself. It's often countered with much better research and alternative links to learn more about why the fud is bullshit. As much as unwarranted fud hurts crypto, I think it helps crypto as well for two reasons:

First, it shakes out the non-believers. The greedy bitcoiners who heard about how it's going to moon, and wanted to get in before it really pumps...

Secondly, it makes the true enthusiasts that much more willing to fight to disprove the fud by providing facts, as well as opinion. But all-in-all, it allows us to come together as a whole to build up the crypto community even more.

With that said, this video is HILARIOUS. I especially love the part where he narrates the scenario:

"Your toast just popped out of the toaster... At the same time, the familiar whistle of your teakettle hints that you're ready to pour the hot water into your instant coffee... The sun is shining through your kitchen windows, casting a slight shadow across your island. It's 7:13 a.m., Tuesday, April 17. And what seems to start out like any other day of your life... Is about to take a wicked turn you'll never forget."

  HAHAHAHAHAHA oh man, this guy's life just sounds so sad.

But realistically speaking, in order for Bitcoin to hit $200? It's very unlikely that this can happen, even if the US government makes Bitcoin illegal, as this douche is claiming. He's also claiming that the entire markets will crash on this day?

I don't know about you guys, but it sounds like Bitcoin and cryptocurrency will actually THRIVE in this type of economic disaster. If and when fiat currency turns to shit, and you can't use a stack of hundred dollar bills to buy a loaf of bread, guess what will be able to be used to buy that same loaf of bread? Bitcoin.

This douche obviously has no idea what he's talking about, or the effects that Bitcoin actually has on global economy. He may know how fiat currencies operate, but he has no clue about how cryptocurrencies do.