TRANSCRIPT AND SOURCES: Yes, the blockchain is truly revolutionary. Yes, bitcoin is Tulipmania 2.0. Yes, cryptocu...

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Comment by rose on January 27, 2018 at 21:11

Hi Joan, I love Bitcoin and don't feel the same way about it as is shared here.

Max Igan loves Bitcoin and the block also, which he touches on here.

The Future is a Choice

Many members here mine bitcoin and gold/silver

Comment by Vinyl Lady on January 26, 2018 at 12:53

Hey Joan:  I am also pretty ignorant about Bitcoin.  In 2014 I studied it a bit and then pressured my kid to figure it out and make a small investment.  Actually, it was a big investment for me: $5,000.  Now my daughter says "Kudos to you, Mom" and I say "Don't be disappointed when it vanishes."  We put it up on our website but it was clumsy.  We only managed to complete a single transaction for $47.95 and recently the kid found that money in our wallet and it was worth something bizarre like $1,200. We'll see what the future brings.  Certainly they cannot keep fiat currency propped up forever....but who knows.  When you own everything, including the money creation machines, the stock market, etc. I guess you can carry on the Ponzi Scheme (which is fiat money) indefinitely.

Hey sin was the same: Not knowing how manipulated the markets are.  It's more common knowledge now but most people don't really get it.

After years of research and observation and fears of "the coming crash" it's my belief that there will be NO time when gold and silver are again legal tender.  They are marginally better than holding fiat currency.  Investing in land and water could be good except They can pass tax law with the stroke of a pen, so it doesn't matter if you own it....if you can't hold it against the ever increasing fees and taxes.

My new strategy is the same as my old strategy..."Hang in there under the radar."

Comment by George W. Reichel on January 26, 2018 at 10:34

Truth is all markets are manipulated and the name of the game is "you lose".I know this very well.My sin was trusting that the markets were not manipulated, At the time,there was nobody suggesting this possibility.Later,such suspicions were brushed off,conspiracy theory.Now it's common knowledge.Recently Trump quietly issued waivers for the corrupt banks,being investigated for such manipulation/corruption.Financial fraud is essentially legal in Murrka.

Another truth is that gold and silver do have intrinsic value and have for thousands of years.If you have made money wwith crypto's,great.Cash out and buy gold/silver and hold it personally.If you don't hold it,you don't own it.And there's a painful story there too.

Comment by Joan Mootry on January 26, 2018 at 9:52

I am absolutely ignorant about Bitcoin, as well as how to figure the true value of precious metals in a system that doesn't allow it to be used for purchasing power.  Yet I have a friend who constantly encourages me to purchase it because the prices are so low. But what good does it serve when the government has criminalized using precious metals in the buying and selling of goods? I realize that a few people here and there are actually doing business with gold and silver under the table, but this doesn't amount to a drop of spit compared to the ocean of monetary control enslaving us all. Should I buy gold and silver dollars, as well as some scrap silver? Then what? At least they won't burn up, just simply melt, if my hiding place burns down. Seriously, I would really like some advise/opinions about this issue. Thank you very much.  

Comment by Vinyl Lady on January 26, 2018 at 9:40

PS: Sorry to hear about the precious metals scam.

And, yes, I remember beanie babies.  That was a true example of Tulipmania.

I made a bad decision in 2009 and pulled out all of my stock market investments (which weren't that much....but still)  Who could have predicted the market would soar to $25,000? Actually, that's NOT a rhetorical question.  Those who control it KNEW where it was going and why it had to go there.  It's the broken leg supporting the idea that "the economy is fine".  The stock market truly is a bubble but won't be burst until the PTB decide it should....if ever.  I figure my stock market losses were a valuable lesson in how to invest....and to know that, you need to see how deeply it's all controlled.  This is why I suggest a modest investment in crypto currencies might be a smart move.  The body of cryptos is still on the operating table while the PTB try to figure out what makes it work and how they can gain control.  There have been several assaults from the "legal system" which have been ineffective.  Now Bitcoin is on the futures may be over.  There's still many other cryptos out there.

My daughter figured out how to work with cryptos.  That's the confusing part.  As long as it's confusing, there maybe money to be made as most people don't have the time or money to play.  We pulled our original investment out in cash which will now inflate and devalue.  We invested in a few other cryptos and now it's simply fun to watch.  If it goes to be it....but that doesn't seem to be in the cards either.

The idea of peer-to-peer exchanges with no middle man (bank) to scrape off value must be stopped.  Surely it will be stopped.  But not yet!

Comment by Vinyl Lady on January 26, 2018 at 9:21

"An ounce of gold will still buy what it did in the 1800's."

Compared to a "fine suit of clothes" this maybe true.  But who needs a fine suit of clothes when you can't afford food, rent, fuel and transportation?

I wonder how much Jacob Marley earned in his work for Ebenezer Scrooge?  A gold piece a week?  Probably not.

Inflation according to the government runs in the low single digits.  Other analysts who don't get their paychecks from Uncle Sam suggest it's much higher....such as this analysis of the "Burrito Index".

Comment by George W. Reichel on January 26, 2018 at 8:46

You make my argument for me.Gold/silver/platinum/palladium all have intrinsic value.An ounce of gold will still buy what it did in the 1800's.I view this as another asset bubble.I hope you cash out before it crashes.

I remember about 30 years ago,Beanie Babies were hot commodities.I had a general practitioner friend who invested over $70,000 in them.

Listen,I am not claiming to be a financial guru.I lost a fortune in a bogus precious metals trading fraud run by a brokerage firm-Hunter Wise.You can research it as it is a matter of public record.I got greedy and was scammed by a fast-talking broker.

I am truly happy that you are doing well with bitcoin but I hope that soon you cash out and buy gold/silver.And keep it in your possession

Comment by Vinyl Lady on January 26, 2018 at 7:18

Gold is the most highly controlled substance in the world.  Some years ago I invested a small amount into Gold, Silver and Bitcoin.  Today, the gold and silver are unchanged or worth less in value.  The Bitcoin, which I fully expected to tank, is worth over 20 times that amount.

The PTB are working to control peer-to-peer cryptos currencies in the same way they control gold.  If the US money supply was still backed by gold, then the value of gold 

could be as high as $40,000/ounce.

Comment by George W. Reichel on January 26, 2018 at 3:26
Comment by George W. Reichel on January 25, 2018 at 12:30

Best of luck VL.

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