The Cryptocurrency bubble shows one way things are screwed up

[IGMOW (I Go My Own Way)Participant 2572]

https://www.forbes.com/sites/andrewarnold/2018/01/07/30-of-millennials-invest-in-cryptocurrency-here-are-3-tips-to-help-you-do-it-smarter/

Yes, now Cryptocurrencies is seen as “investing”

I am posting this here, approaching it from the angle of general economics, and also government policy. This could go into the money section on the site, but looking at the general state of society as a rant, so it is here.

Since when the hell is parking money in currency really an investment? All you get is a stupid game of next sucker increase in price going on. But isn’t the point of investing to end up taking money to acquire and organize assets so they do more, so they create systems that will end up being able to generate future sales? Exactly how the hell does buying gold, or cryptocurrencies, in any form, relevant investing that generates real wealth, and not just some sort of version of a pyramid or bubble?

All this is happening without any government intervention, outside of maybe loose money supply and so much money that isn’t being allocated, it needs to go somewhere?

Ok, maybe in the end, cryptocurrency gets established as a valid form of currency, and maybe it wipes out a ton of fiat currency. But maybe, it will just end up in the hands of a few.

I understand perfect currency to be something of no intrinsic value (or it gets used for other things) that people will want and take. And it works at that. Beyond this, what else?

We are now at a place where buying currency is seen as a top investment, when it is now a place where suckers will lose funds, and the entire thing, like gold has gone through, is more subject to bubble tendencies, than as a reflection of real wealth in the economy. And it isn’t a matter of working a regular job either, as the jobs created suck. It is more Uber and Lyft, and share economy, than actually real business, with even retail chains closing.

Pardon my rant here. Feel free to comment. And maybe this should of gone in the money section on here, but the intent of the post and thread is to look at trends impact on society, and political outcome.

Ok, I will step out…

"I am my own thang. Any questions?" - Davis S Pumpkins.

[Can’t Stump TrumpParticipant]

I’m not saying it’s a good idea, but it’s definitely an investment. There is a possibility for a high return in capital gains. That said, as a currency, it’s pretty useless, considering its high volatility, and investing in an essentially useless commodity is not generally a good idea. Still, to anyone who makes a lot of money trading bitcoin, more power to you.

Women are better at multitasking? Fucking up several things at once is not multitasking.

[IGMOW (I Go My Own Way)Participant 2572]

Can’t Stump Trump wrote:

I’m not saying it’s a good idea, but it’s definitely an investment. There is a possibility for a high return in capital gains. That said, as a currency, it’s pretty useless, considering its high volatility, and investing in an essentially useless commodity is not generally a good idea. Still, to anyone who makes a lot of money trading bitcoin, more power to you.

The pattern for making money is the same as any “next sucker” bubble. In this, everyone enters is trying to make money banking on the next person coming in that they can eventually sell. Anything going into a bubble, no matter how good it is, has other factors overriding its natural economic value. You saw this with the investing in dotcoms, and the housing bubble. And now, you have something that would work as currency, which is also going into this.

The whole bubble here isn’t just Bitcoin. There are other currencies like Bitcoin that are out now, that are ALSO getting funded. People are now putting money into it, due to the appreciation, thus the next sucker syndrome is at work.

As far as being a currency, it will only be as good as it being used as currency by people. As a commodity, it really isn’t either. Bitcoin is limited in how much there are, just like gold is, but dependent on people actually taking it.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[SH3LLZParticipant 5569]

I know a guy who cashed out his bitcoin at 80,000. He got in about 6 years ago with a 3k investment. Right now, until major online retailers start accepting it, which overstock is about to do, its more like a gambling than anything. Im in on litecoin currently and its down but coming back slowly.

If you do choose to get in, dont put in anything you cant afford to lost. Remember, Its just a casino at this point.

My 2 Cents…

#ICETHEMOUT
#MANOUT

#ICETHEMOUT!!! #MANOUT!!! #HIDEYOURWEALTH #VAGINAISWORTHLESS

[IGMOW (I Go My Own Way)Participant 2572]

I knew of Bitcoin before the Bubble happened, around the time of Occupy actually. I thought the technology was worthwhile (block chain), I just see it really not being worth anything in and of itself, and feel I need to have assets of greater value rather than just appreciation.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[AwakenedParticipant 35206]

IF you got in EARLY, Cash Out

IF you Invested Lately, Sell

IF you haven’t Invested, Don’t

What goes UP, MUST come DOWN

I would say that it’s pretty damn HIGH

I have seen these bubbles COME, and I have seen them POP

I remember Tech Stock/Nasdaq and Real Estate (more than once)

But, what the hell do I know, maybe this one is different ???

In a World of Justin Beibers Be a Johnny Cash

[hmskl’dParticipant 6414]

It makes me think about stocks that never pay dividends .. and probably, actually .. never will. What is it that makes these companies valuable if the investor never gets anything except the hope of selling to another buyer at a higher price?
I guess, it’s the thought that if the shareholders demand that dividends be payed .. as long as the company is functioning well .. that they ‘in theory’ something could be paid.

Still, that never-gonna-happen belief of collecting something of value from the company ‘if they demanded it’ .. is what makes someone pay more of the stock down the road? Valuation, earnings .. growth .. yet no dividends.

…the knowledge that someday some corporate raider might take over, liquidate and pay everyone off .. maybe that’s what makes these companies valuable .. even though a shareholder gets nothing, nada, zero .. except for the hope, the belief that some person down the road will pay him more for his shares of this .. belief.

Sure, the absence of dividend leaves more funds for the company to use to invest and prosper and grow. Yet, for the little guy who owns a share and gets nothing on a regular basis from the company pot .. the belief of selling to someone else for higher price.

[HitmanParticipant]

spend a hundred dollars and have some fun.
see what happens.
if you lose it,
oh well.
just don’t risk more than you can lose.

SH3LLZ wrote:

Remember, Its just a casino at this point.

exactly.

[Faust For ScienceParticipant 22567]

First, I would not touch cryptocurrency with a ten foot pole. At best it is a pyramid scheme. At worst it is money laundering.

Now, here is the situation.

Those that own and control the major banks over extended themselves in two very unwise ways. First, they were able con the situation of the 2007 economic collapse to have the U.S. government continue to print them money for the last decade.

The amounted are at least in the hundreds of TRILLIONS in U.S. dollars. This is why everything in the U.S. is now so expensive. The U.S. dollar is hyper-inflated.

The U.S. government will never admit to this inflation because their welfare state, including social security it by law adjusted to the official inflation of the U.S. dollar. The adjustment would completely collapse the U.S.

Now it seems this was not enough for those whom owned the major banks because they borrowed against this printed money and the future potential earnings of this money, in derivatives, by hundreds of trillions of dollars: https://www.zerohedge.com/news/2018-01-07/global-debt-hits-record-233-trillion-16-trillion-9-months

There is interesting in all this borrowing. This is why bank interest rates on savings are at nearly zero percent. Any major increase will cause the banks to implode on their own debt.

The only reasons the U.S. dollar has not collapsed is the homogeny of the U.S. greenback dollar as a the de facto global currency. This is why western powers do sudden regime change on any government that tries to sell goods to other nations by means other than the U.S. greenback.

If the world suddenly stopping using the U.S. greenback dollars for their global trade the value of the U.S. dollar collapses.

Now anyone with some intelligence realizes this cannot last and the U.S. dollar will eventually collapse.

The problem is that is not enough tangible wealth for all this inflated currency. The total wealth of the world is around $70 to $90 trillion dollars.

A lot of the super-rich are going to lose their shirts in a big way.

Gold is not an option because China has cornered the gold market because in a few weeks China is planning to start buy oil on the international market with the Yuan. They will back their Yuan with their gold. This will be the start of the death of the U.S. dollar.

Also, China has strictly controlled limits on exchange of U.S. cash to Yuan.

In addition, China’s silk road project is going to be main trading method for China, which is going to be Asia, the Malay Archipelago, Africa, the Middle East, and Europe.

This will completely cut out the U.S. in much of the global market.

The super-rich see this and realize China is to big to overthrow, so they are trying to figure out how to trade in their U.S. cash for something else, but there is nothing of value to exchange the U.S. dollars for. Everyone is intelligent to see they are trading

There is some talk to use the World Bank “special drawing right” to do a bailout but China and a few other nations are blocking this plan.

At the same time, those that go rich in China realize the Chinese government is about the bring the hammer down on them and they are trying to move their wealth to another nation. China’s government has recently put strict capital controls to where each Chinese citizen cannot move no more than $15,000 U.S. dollars with of Yuan out of the country each year: https://www.zerohedge.com/news/2017-12-30/china-launches-new-capital-controls-puts-15000-annual-cap-overseas-atm-withdrawals

A number of individuals of both these groups are desperate and they see pumping up cryptocurrency as one of their few hopes to retain much of their wealth.

Cryptocurrency is not going to be enough. The math just does not work and cryptocurrency is only a drop in the bucket for what they need to do.

[TuneoutParticipant]

Physical Gold in your possession will always be valuable – but on paper it will be just as useless as
Bit Coin WTSHTF.

Lifes a bitch,but you don't have to marry one!

[743 roadmasterParticipant]

Have been surprised at the desire for crypto currency. It has turned into the tech overload from a few years back. Money to be made, if you are on top of it all the time. Do not think all of these extra currencies are helpful. Will be a big wash out sooner or later. As far as I know only one is being used as actual currency.

mgtow is its own worst enemy- https://www.campusreform.org/

[iMickey503Participant 12466]

Well. As long as it can make people do s~~~, then it has value. But how much value is the question. As long as governments want to tax it is has value.

So, the deal with bitcoin is yes it goes up and down but so does paper money.

What Bitcoin has is its invulnerability to be taken or controlled by a government.

Bitcash is going to be the new retail thing in the works. But overall, as long as men need to hide their money, this is going to be the way to go.

And if you can MOVE money, and there is real money in the game? You got a way to hide your cash.

And the thing is, since the IRS can not FREEZE your account, or any government You can take a quick trip out of the country and never worry about s~~~.

As long as the black market uses it, it’s going to have value. But an investment? I would play the stock market and invest in yourself and your life. AND if the UK makes you use a CREDIT CARD to use the NET?

BITCOIN IS GOING TO RISE! Since men want to keep themselves anon… Well, then this is going to be a first step for some.

NOW where this REALLY takes of is when WOMEN want to do this as well. I think if just one online dating site does this, THEN. YOU GET this market to explode.

Also, I see many of those organizations that pay their members to commit “Protesting” This is going to be a major way of doing that.

Election time is going to see a rise of the currency. And crime 🙂

Think about it. Being able to make sure you ONLY pay IF they do the JOB.

Hence why I said. BITCOIN and CRYPTO is going to make the West or at least the USA ONE F~~~ED UP place for the establishment.

Open contracts out there to get INTEL is already going on. And that is how some of these Pedo-rings have been brought to their knees.

You got to understand, a man that can make a quick 1000 dollars is going to take it.

$5000. And you have a clause that will give another 1000 per year after that for silence. Well. Can you see why Bitcoin is the great PUSSY DESTROYER.

You want some russian hacker to SWAT someone? Well. THere you go 🙂

THis last year I spent learning EVERY damn horrible thing you can do, and getting as much intel as I could to write my own book on Feminism is going to be a witch hunt.

The law will be their very own undoing. And so will their greed.

Bitcoin was used for drug trafficking in San Fran a ton. ANd I hate to tell you this, but if you think that some of you are madd about your life. Think about some of these guys that got NOTHING to lose. Most of them are kids that don’t give one s~~~ and are Products of single moms.

No pain is greater then a boy loosing their father. Living in s~~~.

When young men see that they can turn their Knowledge into a weapon of real power.

It’s a powerful thing.

All from the comfort of a kids home. I hate to break this to you, but there is a reason the government was scared of BITCOIN.

How are you going to stop crime if the end result is positive? YOU CAN’T.

These people in the legal system, or work for the government that oppresses you forgot one thing. You don’t play nice, someone has your name on their minds.

Try to tell a young man who has clothes from a Donation center, and food that is so horrible while mom dines on restaurants. You think these kids like these judges, or cops?

No. You give young men the tools to handle their own problems and they will.

THAT IS WHY BITCOIN may not be a LONG TERM investment. But who cares? Kids that have nothing that is who.

And there is no shortage of Thugs willing to make a dollar.

Living a good honest life is not a virtue. Its going to be the thing that keeps you alive.

Unfortunately, its not looking good for team Legal system. Nor is it looking good for the people out there that work in places like CPS.

If you see a ton more young women get their asses in trouble with the law. Its not going to be an accident. 🙂

One last thing to note. As everyone has a phone, kids wanting a new phone, video game, or just FOOD. FOOD people FOOD! You think these kids are going to give a flying f~~~ of the morality about anything that they do when they will not only be rewarded, but PRAISED for getting rid of the people who F~~~ED THEM OVER?

Uea.. LOL.. WOmen’s days and the Gynocentric mangina simps is over.

And for me, I am going to watch it all happen.

And lastly, YOU THINK THESE KIDS GIVE A F~~~ about Destroying someone property, or Vandalism? NOPE LOL.

Hell they do it for $2o bucks an hour. WHY NOt get a cool $200 bucks? AND NO WAY TO GET CAUGHT!

No middle men. JUST A MARKET of PURE Justice. The Justice market is my idea, and it seems to be taking off 🙂

And if you really want to see how powerful this is? Imagine some kid in India or RUssia? You think they are going to give a f~~~ piloting a drone that drops FECES and P~~~ over people? Or draws dicks on Windows?

Somehow they thought the LAW was going to be protent them. THat PAPER was going to protect them.

LOL. BITCOIN was MADE to FREE THE F~~~ING WORLD!. And OH s~~~. Its going FULL FORCE THIS YEAR.

Why sell items to get prizes when you can just tap some keys, and get s~~~ done that way?

Gentleman, REACH OUT TO YOUNG MEN and GIVE THEM the TOOLS to free themselves.

My son started a movement online. And guess what. ITS NOT GOING TO STOP.

That is why, YOU should ALWAYS be nice to children.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[MarketWatcherParticipant]

Hitman wrote:

spend a hundred dollars and have some fun.
see what happens.
if you lose it,
oh well.
just don’t risk more than you can lose

Summed it up very well in just five sentences.

[Joey AlfioParticipant]

Can it still be considered a bubble though?

Δεν υπάρχει τίποτε αδύνατο γι’ αυτόν που θα προσπαθήσει. - Μέγας Αλέξανδρος

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