Bitcoin Will Devour Gold, Says MicroStrategy CEO

There is nothing like bitcoin, NOTHING... and there never will be

 

Dalio is making an a$$ of himself He's basically saying if Bitcoin becomes successful the government will ban it... how telling is that?

Response to Ray Dalio: Banning Bitcoin Is a 'Game of Whack-a-Mole'

https://cryptonews.com/news/response-to-ray-dalio-banning-bitcoin-is-a-game-of-whack-a-m-8282.htm

 

US customers can now buy up to $20 000 worth of Bitcoin per week with Paypal, the only catch is you don't get ownership of your private keys. I would suggest you buy Bitcoin with Paypal anyway if you don't have an account with an exchange as it has gone up over 50% in the last 3 months, you can sell it later and buy bitcoin from an exchange that will allow you to hold your own private keys....this should absolutely be something you want to do...hold your own private keys, but make sure you have two step verification and your computer is not hacked if you use a desktop or cold storage wallet....educate yourself first

US Customers Can Now Buy Bitcoin on PayPal, Wait List Lifted
https://cryptobriefing.com/us-customers-can-now-buy-bitcoin-paypal-wait-list-lifted/

Other developments

Bitfinex Enters P2P Lending Industry, Offers Loans up to $250,000
https://cryptobriefing.com/bitfinex-enters-p2p-lending-industry-offers-loans-250000/

yeah rates are high you'd be better off with a bank loan, but consider that BlockFi will give you 9% interest for your Bitcoin and that as previously mentioned the Bitcoin price have gone up over 50% in the last 3 months

European Users Can Soon Earn up to 9% on BlockFi
https://cryptobriefing.com/european-users-can-soon-earn-9-blockfi/

This space is moving so fast it makes your head spin

 

There is no such thing as $10 in Bitcoin. If you buy $10 in Bitcoin, what you are holding is not actually Bitcoin. At least not directly.

That means your statement that "There is nothing like bitcoin" does not actually apply if you hold $10 worth of it.

Are you familiar with the equivocation fallacy in logic?


Do you understand, yes or no?

Bitcoin itself does not come in smaller denominations.
If you hold $10 in Bitcoin, that is only a representation of Bitcoin created by a private company. You don't actually hold a Bitcoin.

 

Bitcoin may very well replace gold as a speculative market, but it won't replace greenbacks.

 

No I believe countries will retain their currencies. However just for interest sake, if you are sentimental about the greenback because you think its the reserve currency then you are in for a shock. The banks have screwed America out of the reserve currency, the reserve currency is the Eurodollar and I'm not referring to the Eu$/US$ currency pair

there's more info in this post in the corrupt bankers thread

http://www.politicalforum.com/index...kers-terrorists.578887/page-2#post-1072100982

 

Are you saying parts of a whole is not actually a whole!!!!!!!!!!!!!

 

I'm saying that the inherent advantages (relative to other alternatives) you may be referring to when you tout Bitcoin may not actually be there if you do not actually hold a real Bitcoin yourself.
It is impossible to hold $10 of real Bitcoin.

So I must assume you do not truly understand how it works.

Holding "a fraction of a Bitcoin" through a private company will not confer to you many of the potential supposed advantages.

Maybe you would like to tell us the advantages that you believe Bitcoin still has when we are talking about owning it through another private company?

 

I think it's important to touch on why a ban of Bitcoin is immoral and unethical.

The 1% own almost two thirds of everything in our world, this include the banks. I believe there is only 5 countries that do not have a Rothschilds owned banking system, Iran, Libya and three more.

The current monetary system have reaped them extraordinary wealth and at the same time cast millions of people into poverty and starvation. We have now reached a point where their global economic debt pyramid is on the verge of collapse, due to the extreme levels of inequality and vast amount of debt that cannot be repaid. The Eurodollar system, their current reserve currency is not a currency, but complicated debt instruments, and if these debt instruments cannot be repaid, the currency is destroyed...this is also the reason why it was necessary for first world countries like Australia to go into Trillions of debt...liquidity in the Eurodollar.

The debt pyramid eurodollar system have long exploited us, while it benefitted the banks, financial system and politicians at the top of the pyramid. It is now these very same people who wants to reset the monetary system while banning bitcoin. They don't want to relinquish control of the money supply.

Banks have in the previous decade, after 2008 when it became apparent a monetary reset will be necessary, manipulated the gold price, (refer http://www.politicalforum.com/index...raffickers-terrorists.578887/#post-1072091733)
and stocked up on gold in anticipation of this return to a gold standard. Of course the bitcoin standard is derailing their neatly laid out plans to exploit us even more, while we trade with their gold standard at a premium. Even though Bitcoin is a pristine asset far superior to gold, they will insist on gold because they cannot control Bitcoin and cannot exploit us when we hold Bitcoin.

These same corrupt disgusting people responsible for our crisis, now again wants to dictate monetary policy to us by banning Bitcoin and forcing us onto a gold standard.

Here's my answer. NO fck off

 

More developments...the crypto space is moving at warp speed

Banks in the US can be custodians for Bitcoin
SEC Joins Major Authorities, Qualifies Banks as Bitcoin Custodians

https://cryptobriefing.com/sec-joins-major-authorities-qualifies-banks-as-bitcoin-custodians/

Here's a really interesting development for Companies, they can now pay their staff in Crypto

BitPay Launches Mass Payout Service For Companies That Don’t Own Crypto

https://cryptonews.com/news/bitpay-launches-mass-payout-service-for-companies-that-don-t-8304.htm

 

Just as tulip bulbs once were.

"Now."

So is $#!+coin.

You think they couldn't confiscate your $#!+coin?

It absolutely can.

Or suffer a capital loss when it crashes.

$#!+coin will never be money because its economic paradigm is deflationary. The incentive will always be to hoard it rather than spend it, so it will never be widely used or accepted as money.

There is a real problem with the debt money system, but $#!+coin is just one of a thousand ideas that will not solve that problem.

 

Ok so we all know the eurodollar and fiat currencies are basically thin air and many people argue Bitcoin is also just thin air. Below is why Stone Ridge bought bitcoin,

Personally the value of Bitcoin for me is in the cryptography & ledger, it cannot be changed and it cannot be manipulated or increased. In a world where the banks are THE most corrupt entity in existence, it makes bitcoin extremely valuable to me.

Add the fact that it is like investing in the internet in 1995 and it's a no brainer.

Here’s Why Stone Ridge Bought 10,000 Bitcoin ($162 Million)

 

These people are extremely powerful, they can take my Bitcoin by torturing me, or simply going to a corrupt bank and emptying the deposit box. They can squash me and my entire world like an ant, like they did Anthony Sutton and John Nash.

But unlike John Nash & Anthony Sutton, who were unique & special individuals and gave their lives for our freedom. There are millions more just like me.

They can do anything they want..... except change the blockchain, the Bitcoin ledger.

The Many Facts Pointing to John Nash Being Satoshi Nakamoto
https://thebitcoinnews.com/the-many-facts-pointing-to-john-nash-being-satoshi-nakamoto/

 

Henry Ford’s Energy Standard: A 100-Year Old Bitcoin Prediction

Visonary,

https://cryptonews.com/exclusives/h...dard-a-100-year-old-bitcoin-predicti-8313.htm

 

MicroStrategy CEO Says Quantum Computing Is Not a Threat to Bitcoin
https://www.cryptoglobe.com/latest/...fend-bitcoin-against-quantum-computer-threat/

 

Been sitting on Etherum for several years now. And although I think Bitcoin is a decent Investment at this point, or back to 5K and up too 15K. I would NOT even come close getting caught with it when this all falls apart. The Fiat debacle collapse, or even at the end of 2021 and end of LIBOR.
Put it this way, everything I have in bitcoin, and rther is ready to be dumped onto Apmex and into GOLD. When time comes. If you think that the Banksters, whom control the politicians, whom control YOU will let you walk away with Bitcoin as your only way to save, and avoid them all together, thats nuts... will never happen. At some time in the future, they either take control of it, make you pay Full tax on it, or make it illegal. Either way, you lose the advantage.
GOLD, SILVER, and Real Estate are your only true long term savings vehicles.
Make money on it, just dont get caught with it ALONE, in the end you will lose, no matter how free you think it is, or how Autonomous Max Keiser tells you it is...

 

Gold and Silver will always have a store of value and be exchangeable. Their isnt "VIEWS" or reality. It is also good to have food, guns, store foods, and other essentials... In the end, you need Barter-ability.
Our Government isnt going to just let it all fall apart. It has to be A Perceived collapse via the people, they have too see the end of the dollar for there to be an end. That can happen really quickly, a week - a month is all it takes. Having 50K in the mattress or even in the bank is not near as important as having 25K in the matrass and 25K in metals.

 

I have listened to Raul for years. He had no such Conviction several years ago. But now that he owns Bitcoin ? He is another talking head. Him or Dalio, Dalio or him ? SO, which one is making money on bitcoin, and which isnt ? I dont care what RAUL Thinks he knows about Bitcoin, or Max Keiser, or any other OWNER of Bitcoin, the IMF< FED< USA FBI< USA CIA< Mossad, and many more will do whatever they want with Bitcoin, shut it down, blow it up, lock up all that own it.It is their world, not Rauls...

 

Any discussion about BTC is useless without mentioning the massive fraud machine known as Tether. Seriously the crypto world is so full of transparent exit scams and pump-n-dumps that they make Wall Street look like paragons of virtue. I'm not even going to touch the fact that the MicroStrategy guy has been investigated by the SEC before for lying about the company's financials or the fact that BTC is totally useless as an actual currency.

 

Oh that's a nasty smear... I think you are putting your username to shame, I have a lot of time for Ron Paul, he is a true gentlemen and would never say what you just did.

Especially since Michael Sailor is the longest serving CEO in his industry, Business Intelligence software. He is well aware of his obligations to be truthful about company financials and discuss exactly that in the interview in the OP. The fact that he is NOT in jail and operate a business with half a billion in cashflow..... speaks for itself.

 

Except... they have already tried... and tried.... and here we are...

 

Bitcoin's detractors are scraping the barrel these days for excuses not to buy bitcoin, including smearing reputable people who buy it. There is Bitcoin... and then there is everything else... there are literally hundreds of Alternative coins, stable coins (these are backed by fiat currencies) and tokens.

Traders have been responsible for much of the volatility, transferring funds into Bitcoin as soon as technicals show a move up, then transferring funds out into DeFi, (the everything else coins) as soon as a rumour is started DeFI is going for another boom or on technical indicators. This would cause large drops and spikes in the Bitcoin price even if the macro trend have been up...and up....and up.

But as of late the volatility of Bitcoin have been less than even Apple stock, and the reason for this (as explained by Michael Sailor at the end the interview in the OP) large corporations and institutional investors are now entering the market and they use software to buy bitcoin 24hours a day 7 days a week. As soon as traders dump their bitcoin the software buys the dip, careful not to cause too much of a spike...

On top of this I don't think it is wise to trade Bitcoin on technicals as we are in a unique Macro environment that basically eclipses all else.

https://www.cryptoglobe.com/latest/...le-davies-on-why-he-is-so-bullish-on-bitcoin/

Grayscale Buys $240m in Bitcoin In Largest Capital Raise Week Ever
Grayscale, which runs the Grayscale Bitcoin Trust (GBTC), bought this week another 15,114 Bitcoin ($241 million). GBTC holds 481,711 Bitcoin, representing 62% of all Bitcoins in the ownership of publicly-traded companies.
https://decrypt.co/48277/grayscale-...ral&utm_campaign=feed&utm_source=trading-view

Grayscale Nears $10 Billion AUM, Institutional Demand for Bitcoin Heats Up
https://cryptobriefing.com/grayscale-nears-10-billion-aum-institutional-demand-bitcoin-heats-up/

 

He was under investigation by the SEC for fraud and settled with them for $11M in 2000. That's not a smear, those are facts. Do you have anything to say about Tether? They're around $2B away from pretending that their market cap is as large as the NASDAQ.

 

And yet... there he is... the longest serving CEO in his field.... and why don't you back it up with sources and full details... what you are posting is very sketchy. Typical of a smear campaign... half truths

 

The year 2000!!!! Accounting errors with the CFO resigning....and you're trying to paint him as a criminal... you should be ashamed of yourself. Clearly Urban quoted below have more common sense than you do. No wonder you were so sketchy on info...


Michael Meehan
@itworldca
Published: December 15th, 2000

https://www.itworldcanada.com/article/microstrategy-executives-fined-by-sec-over-inquiry/28836