Bitcoin Will Devour Gold, Says MicroStrategy CEO

Discussion in 'Economics & Trade' started by scarlet witch, Nov 10, 2020.

  1. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Bitcoin is undervalued, because the bankers and central bankers have been talking it down for the last ten + years. (doing everything they can to discredit as it poses a real threat to the US$ and the elites monopoly on the money supply) ...stopping people from investing in it. The market cap is tiny compared to other assets. It won't be in a bubble until it hits at least $200-$400 000

    Bitcoin should be worth $400,000, based on its scarcity and value versus gold, according to Guggenheim's Scott Minerd
    https://www.msn.com/en-us/money/mar...rding-to-guggenheims-scott-minerd/ar-BB1c07bP
    Morgan Stanley Exec Says Bitcoin is Coming for the US Dollar
    https://cryptonews.com/news/morgan-stanley-exec-says-bitcoin-is-coming-for-the-us-dollar-8560.htm

    btw no commission necessary, my goal is for as many "ordinary" not exceptionally wealthy people to invest in Bitcoin & benefit from the meteoric increase in price as possible. This is the opportunity of a lifetime and it should not be limited to the insiders at the top of the money pyramid.
     
  2. Oh Yeah

    Oh Yeah Well-Known Member Past Donor

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    I bought a little more today. Will have to sit tight until next year now. I seen that article on $300,00 - $400,000. That would be nice to be sitting at the World Series Of Poker playing Texas Hold-em talking about making my fortune in Bit Coin.
     
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  3. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Bitcoin Needs Unified Global Regulations: ECB President Christine Lagarde
    https://cryptopotato.com/bitcoin-needs-unified-global-regulations-ecb-president-christine-lagarde/

    What can you say about this woman.... fck you Lagarde and your one world order regulations
    Bankers truely are the sh!t stain under humanity's shoe

    Big Banks Working With The Mob, Drug Traffickers & Terrorists
    http://www.politicalforum.com/index...h-the-mob-drug-traffickers-terrorists.578887/


    Government Documents Reveal Global Banks Defying US Laundering Crackdowns By Serving Criminals

    http://www.politicalforum.com/index...ering-crackdowns-by-serving-criminals.578908/
     
  4. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Ok so for Bitcoiners invested in bitcoin Altcoin Daily is a great channel (and I subscribe to several), completely invested in giving you the best advice possible. This vid will explain the market manipulation some of these main stream media financial shills practice... pump & dump. Don't fall for it.

     
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  5. Zorro

    Zorro Well-Known Member

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    And, Bitcoin comes with other challenges as well:

    MODERN PROBLEMS: Programmer has two password guesses left to save his $240 million of Bitcoin.
     
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  6. bringiton

    bringiton Well-Known Member

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  7. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Last edited: Jan 15, 2021
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  8. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    I'm halfway through a really interesting Cointelegraph interview with the CEO of Cardano. Bitcoin is currently the only crypto I would invest in, everything else I would trade. I know there are a lot of Ethereum fans but I researched Ethereum and was not quite convinced that there are currently enough/significant use case for it. I'm happy to be educated otherwise.
    I also liked Algorand and Cardano better than Ethereum....despite Eth's high price.

    What I find interesting in the interview is the discussion on the developing world embracing smart contracts and crypto out of necessity before the developed world, I agree with this and really like what he had to say. Cardano recently successfully executed a hard fork in December with another coming in February.

     
  9. Zorro

    Zorro Well-Known Member

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    I don't feel like I understand what it is, and I don't invest in things I don't understand. I do hope it works out for you.
     
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  10. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Really I think you're missing the point, the point of the video is more about how the current system.... the one Christine Lagarde wants to enforce on Crypto, benefits the rich and penalises the poor. Credit is cheap for the wealthy and expensive for the poor..

    at 8mins he says Western markets are anti-competitive, nepotistic and corrupt,
    he continues and explain how decentralised finance don't discriminate, Bill Gates get the same rates as the poorest farmer
    Decentralised finance increase velocity of money and liquidity...both of which are currently shrinking everywhere

    how do you change the world..... from the bottom up, the third world will have better financial products than the first who continue to try and force their regulations onto ordinary people while the rich gets free money.

    It's a short vid but really important about the revolution in the global financial system
     
    Last edited: Jan 15, 2021
  11. bringiton

    bringiton Well-Known Member

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    The rich have assets that can be seized for non-payment. The poor don't. Don't make the mistake of thinking the rich are rich because they can borrow at lower rates.
    They are rich because they legally own the poor's rights.
    The extreme concentration of $#!+-coin ownership doesn't trouble you? It would me.
    $#!+-coin's paradigm is inherently deflationary. Deflation benefits the rich.
     
  12. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Lagarde is simply clinging to control of the money supply... they've abused this privilege and plunged the entire globe into crises...and now they want to ban the solution, crypto to impose their communist control on us ONLY so they can retain this undeserved privilege... control of the money supply.

    She can regulate till she's blue in the face, these regulations are the epitome of corruption.... she is a criminal

    I'm a fan of Lacalle vvv the voice of reason
     
  13. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Here's a book lagarde desperately needs to read... or listen to. In fact this should be compulsory reading at school...and especially for bankers

     
  14. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Corrupt bankers will bank

    Bitcoin Exchange Owner Sues Australian Banks For $290K For Accounts Closure

    https://cryptopotato.com/bitcoin-exchange-owner-sues-australian-banks-for-290k-for-accounts-closure/
     
  15. Quadhole

    Quadhole Well-Known Member

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    You have to own Crypto, or at least some. Had ether for 4 years now. Just added a small amount of bitcoin because, just because. I don't need to understand it thoroughly. I only need to know the FED, and Globalists are fuking us right now and you must act to protect yourself. Yes, Bitcoin can eat GOLD, for a while, but at some point the WORLD regulators will reg. it, and the people again will fold up like a paper bag, take their profits and fall in line. Gold, in the end will win out, that is why Central Banks have been buying and hoarding it.
     
  16. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Have a look at this, the IMF is going to use browser search history for credit scoring us.... what do you think my score will be after what I posted :roflol:

    time to suck up people.... be on your best behaviour & shut up... no more free thinking and no more expressing any thoughts not inline with the regime.

    not being wise myself....I maintain Lagarde can still go fck herself :lol:

    oh and to the person deleting this post.... nice sucking job
    https://blogs.imf.org/2020/12/17/what-is-really-new-in-fintech/
     
    Last edited: Jan 19, 2021
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  17. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Bitcoin is absolutely essential for someone like me who will be 100% guaranteed blacklisted for speaking out against totalitarianism. As this discriminatory IMF system rise, I also see the "rise" of black markets where those penalised can swap their Crypto for fiat to pay for utilities and food etc. As crypto will likely not be accepted by these organisations and if they try they will be blacklisted also.
    This is where the blackmarket for money really begins... with persecution
     
  18. Quadhole

    Quadhole Well-Known Member

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    It is ok to write an Opinion. Acting like Trump scores no points, or at least I hope others have learned from the lies that they dont work. I like and own crypto's. To say CB, and Bankers have been "because the bankers and central bankers have been talking it down for the last ten + years. (doing everything they can to discredit as it poses a real threat to the US$ and the elites monopoly on the money supply" is NOT true. They are only just started talking about it, and have ignored it for 10 years. I am sure somewhere you can dig up quotes, or even comments. TO write they have done EVERYTHING TO DISCREDIT... "hehehehehe" When they are ready, they will just shut it down. PERIOD... THat will put the full focus back on Gold.
     
  19. Quadhole

    Quadhole Well-Known Member

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    Just be 100% Honest, backed with facts, call THEM Globalists. Call him a crook.... Know that the Cabal controls BOTH SIDES as a whole. There are billionaire Republicans, and Democrats. It matters little to them who is fighting and why as long as they are making money. I am guessing you wont take advice, but here it is anyway, dont get yourself banned for losing your temper, or writing the wrong thing. This is one place it is hard to do that, you will get warnings, listen and move on. Usually they are for personal reasons, calling someone out that cant handle it. 2. Know that, the Globalists will either JOIN and Control, or destroy bitcoin. You have 2 weeks now and 2 comments. Laguarde, and Yellen both saying the same thing. Regulate Bitcoin because it is FUNNY money and being used for illegaL ACTIVITY. Probably true, yet those people do the same thing with their LEGAL PAPER. Our politicians are controlled by these people, so, back too #2 Dont tie everything in one basket, roll 50% or more of your profit into metals.
    Once the real estate market falls jump into that, get rental, and pay for the maintenance. 100% sure people will always need a place to live.

    Everything else is a risk
     
  20. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Seriously....do you teach kindergarten
    ps. I don't care if they ban me I'll just go elsewhere....and use a different pc
     
    Last edited: Jan 21, 2021
  21. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    so why bother with crypto if you're so anti crypto....sounds like you're not taking your own advice. A bit hypocritical to tell people not to buy it then buying it yourself.

    btw I don't care if they ban it, the economy is in such dire straights that we have to use it.... self preservation
     
    Last edited: Jan 21, 2021
  22. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Ron Paul... I'm completely in love with this beautiful man

    Ron Paul on the next economic collapse, America's future, and universal basic income (Pt. 1/2)


    Should bitcoin be a reserve currency? Is gold price ‘fixed’? Ron Paul answers (Pt 2/2)
     
  23. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Crypto is the Banking & Financial Services sector's reckoning with technology.

    Almost all, if not all other sectors have suffered the deflationary effects of technology, I say suffer because of the effect on labour cost or income, but otherwise it has been very beneficial for business & especially consumers in reducing cost of goods and making processes faster and more efficient.

    The banking & fin sectors were happy to reap the benefits of the havoc wrecked by technology on workers in other sectors.... but now that it is their turn... they scream "regulation" & "ban".

    Unfortunately for these hypocrites technology is unstoppable.

    The other issue or problem we have with technology's deflationary effect is the Fed now trying to inflate away the debt, means we're likely to see even greater distortion.

    Below is an interview on technology's deflationary effect with the tech entrepreneur Jeff Booth, author of "The Price of Tomorrow". Just watch the first 12 minutes if you don't have time he walks you through the basics.

    Summary
    • Technology is exponentially more deflationary than we realise
    • It decreases not only cost but also labour...income for workers
    • Current debt levels are around $250 Trillion, of which 185 Trillion were created in the last 20 years. Going forward we will have to create a lot more debt this will destroy currencies. (note. means politicians will keep pushing open borders & more migrants to take on this debt - regardless the effect on society & infrastructure. They will also continue to try and prop up housing bubbles and failed bankers because they're special)
    • People are piling their wealth into tech stock & basically any technology is used as a store of value...bull case for bitcoin.
     
    Last edited: Jan 23, 2021
  24. Quadhole

    Quadhole Well-Known Member

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    I bother with anything that makes money. Gold, Silver, Stocks, and yes, crypto's. I just know in the end the banks will shut them down, unless they have total control of them, then they may switch right over to the ones they choose and shut down the others. The People, including Congress, POTUS, and others have no REAL voice. We can type all day long nad it matters not. They NOW have all the regulations exactly where they need them to control it all without hesitation.

    Look at what happened in wallstreetbets, Robinhood, Point 72. The fact is, overnight on Thursday the DTCC made rasied the requirements for Robinhood Collateral by 10x. From some infinite number to a new one at 10x. Knowing Robinhood did not have that money and had no access to it, robinhood was forced to lower trading limits on its customers. 1 share of GME, AMC, etc.
    Now it is being played down as not a thing when it was huge. Why ? Because the Board of the DTCC owns the country with the Banks. The Board members are Bank employees.

    Red the names and Employeed by : https://www.dtcc.com/about/leadership/board

    It is just another example. Many have came down the road like 2008 bailout. Obama was all in and promised to do what they wanted, thus he was elected. Of course he promised to help the people too and did very little of it. Same with Trump and the other. POTUS means you get a lifetime pass to dinners and money. Same with being on the FED. We put a lady that makes millions speaking for the FED in charge of the treasury ? A Joke.... Yet no different than Mnuchin.

    Gold and Silver manipulation started with the hunt bros. Once they did it they gave the playbook to JP MORGAN whom now does the same thing, only lawfully. The difference now is They (globalist) also own everything else, the media. Gordon Long lays it all out here :

    5 major media, 4 major internet and 3 news papers all owned by a few people. Friends and family of ? you guessed it, the FED, Globalist and Bankers, add in biotech and all of healthcare and it is one big gigantic PONZI scheme. You can't work out of the poor system and rise into the rich upper class without some breakthru product, lots of luck, or finding a loophole, like Cryptos. You now must be born in.... Yes, .05% will break out and the media with raise them up on a pedestal. Look at he My pillow guy, if he can do it, you can too. For the masses, it is get a 15$/hr job, shut up, work 60 hours a week to survive and enjoy life... That will literally be 98% of the country in 20 years.

    We knew this would happen in 1985, only we never knew they could string it along so long. I thought for sure 2008 was it, yet here we are and as long as the elderly living on pensions are taken care of, younger gen. will have to wait until their is Blood in the streets for real change. That or get out of this country.
     
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  25. Quadhole

    Quadhole Well-Known Member

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    Deflationary for them, not the people. Their costs go down and they increase on the people. CPI is a joke. Real costs can be seen at Chapwood Index. http://www.chapwoodindex.org/

    It is Ironic the word deflationary comes out, yet healthcare is 400% x more over 20 years. Education about 200%. Food 120%, insurance 100%... Yet the cost of a TV has gone down so we can count that as inflation.
     
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