The State of Cryptocurrency

[trog100]

I'll pass. I barely have enough savings to survive as it is. Can't risk any loss, like vast majority of people in this world.

have a listen to a couple of guys in the know.. crypto is connected with all this..

Dollar Will Be Sliced in Half – Bill Holter & Jim Sinclair | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com Near the beginning of this year, legendary investor Jim Sinclair and his business partner Bill Holter said the reset would start in June. Is the recent jump in gold prices confirming this? Sinclair says yes and predicts a two-tier reset in the next few years. . ...

usawatchdog.com

trog

 

[Space Lynx]

have a listen to a couple of guys in the know.. crypto is connected with all this..

Dollar Will Be Sliced in Half – Bill Holter & Jim Sinclair | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com Near the beginning of this year, legendary investor Jim Sinclair and his business partner Bill Holter said the reset would start in June. Is the recent jump in gold prices confirming this? Sinclair says yes and predicts a two-tier reset in the next few years. . ...

usawatchdog.com

trog

that article says nothing about crypto... only gold. gold is the future for this article because its central role in governments hoarding it. also it's very doom and gloom, I really doubt this comes to play. if it did, basically no one would bother working at their job anymore cause why work when all you can afford is a load of bread with your paycheck. your talking the entire collapse. also, I would point out that the government of France has never had a balanced budget in 70 years. they are always running in the red, and yet people their still have a decently quality of life and the currency never collapsed. as long as the unemployment stays low and fresh sources of tax money comes in (like all online sales now have a tax added no matter what, Ebay as of last week actually), all that extra money is going back into the system. I also foresee marijuana being federally legal someday and taxed, as well increase on alcohol tax. There are many options they have still to help bring down the debt. They just aren't desperate enough yet to get over the infighting of party division.

Also, I could care less if it all collapsed, what good has modern society done for me? I think I would quite like living in the cabin in the woods and growing my own food, no more noise of the world even if it meant dying twenty years earlier than would have been in modern society, meh life is all about perspective, I am not that happy here lately, so what if I own a nice PC, I don't really have the time to game anyway. I have lived that way briefly a few times with my Uncle near the some lakes here in backwoods of the Midwest, and I didn't mind it. /shrug Whatever happens happens, I will roll with it.

 

[trog100]

some say bitcoin is digital gold but the video is about the collapse of the current debt based fiat money system.. this will require a new system.. this will be based on gold or maybe crypto..

both gold and bitcoin will go up massively as people lose faith in whatever fiat they are using.. those guys are saying turn your saving into silver coins dont leave it in a bank because you will lose it..

i recon they are spot on the ball.. civil war and societal breakdown will be the result so a cabin in the woods might not be a bad idea..

trog

 

[Space Lynx]

some say bitcoin is digital gold but the video is about the collapse of the current debt based fiat money system.. this will require a new system.. this will be based on gold or maybe crypto..

both gold and bitcoin will go up massively as people lose faith in whatever fiat they are using.. those guys are saying turn your saving into silver coins dont leave it in a bank because you will lose it..

i recon they are spot on the ball.. civil war and societal breakdown will be the result so a cabin in the woods might not be a bad idea..

trog

I'm not saying it's not possible, I think it is very possible this is the near future, especially as climate change causes mass displacement (and in our hubris we think we can fix it or keep paying to rebuild at risk areas). Humans are dumb, so this indeed might be how it all exactly plays out.

Instead of money, I will do cabin in woods and various measures of protection though. I also have hundreds of books on my Kindle and enjoy writing my own fanfiction of those books, so I can get two kindles, a backup solar powered charging station, and be set for quite a long time without ever needing society.

 

[ZenZimZaliben]

It's bound to happen. Here is how history goes...and I love this saying btw.

Hard Times Make Strong Men.
Strong Men Make Good Times.
Good Times Make Weak Men.
Weak Men Make Hard Times...

I think we are in the Weak Men part right now, just not sure how far into it we are..so I expect some major sh|t to happen soon.

(you can substitute men for humans or mankind or women for the PC police reading this.) - the fact I felt I needed to write this tells me we are in Hard Times. lol.

 

[Space Lynx]

It's bound to happen. Here is how history goes...and I love this saying btw.

Hard Times Make Strong Men.
Strong Men Make Good Times.
Good Times Make Weak Men.
Weak Men Make Hard Times...

I think we are in the Weak Men part right now, just not sure how far into it we are..so I expect some major sh|t to happen soon.

(you can substitute men for humans or mankind or women for the PC police reading this.) - the fact I felt I needed to write this tells me we are in Hard Times. lol.

I think you applying it to black and white, while I also like that saying, keep in mind the common person in Ancient Rome when it fell, at its lowest point... people still ate a little food, people still had sex, people still talked with one another. When all of you speak of collapse, life doesn't just end, but yes I would recommend buying self-protection in case of thieves, etc as society fractures more and more and heat indexes increase more and more in the weather, crime will also increase, its just basic statistics.

 

[ZenZimZaliben]

Yes, it is a broad stroke.

 

[trog100]

they say when it breaks the first thing to suffer will be the distribution system.. its all run on credit.. when credit dries up stuff stops moving..

have enough essentials to keep going for a couple of weeks minimum without needing the outside world.. cos the outside world will have come to a stop..

trog

 

[moproblems99]

For giggles. Who knows, maybe next year its off to the Bahamas..

I live about 1 hour boat ride from the Bahamas, let me know, I'll rent you my boat.

 

[Space Lynx]

Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

www.reuters.com

here we go boys!!!! its about time!!! and bitcoin has dropped over 1k in value since this announcement! the IRS will never let a currency go unregulated, power is at hand! time to crash and sell boys! the only thing republicans hate more than democrats is people who get richer than them on things they don't understand. expect regulations in mass if trump wins 2020

 

[R-T-B]

Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

www.reuters.com

here we go boys!!!! its about time!!! and bitcoin has dropped over 1k in value since this announcement! the IRS will never let a currency go unregulated, power is at hand! time to crash and sell boys! the only thing republicans hate more than democrats is people who get richer than them on things they don't understand. expect regulations in mass if trump wins 2020

Honestly Trump has so many that'll buy some just to spite him that it'll probably even out. Man is a walking ball of rhetoric, frankly.

 

[Space Lynx]

Honestly Trump has so many that'll buy some just to spite him that it'll probably even out. Man is a walking ball of rhetoric, frankly.

I just hope someone hires me with decent pay now that I have Master's, but I doubt it. I honestly don't care either way about crypto stuff, I just enjoy trolling from time to time, lol

 

[trog100]

I just hope someone hires me with decent pay now that I have Master's, but I doubt it. I honestly don't care either way about crypto stuff, I just enjoy trolling from time to time, lol

the crypto trolls have diminished in numbers over time.. they used to be irritating but not so much now..

trog

 

[Deleted member 158293]

Can't buy better publicity, guess bitcoin is going mainstream... kinda funny listening to the fed chairman & trump basically canceling each other out on this subject. Wouldn't be bad at all if the u.s. made it illegal for their citizens, except for u.s. corporations and citizens anyway. It would probably increase bitcoin's value versus the usd after a nice healthy dip while people would be forced to dump their holdings below market value.

 

[ZenZimZaliben]

Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

www.reuters.com

here we go boys!!!! its about time!!! and bitcoin has dropped over 1k in value since this announcement! the IRS will never let a currency go unregulated, power is at hand! time to crash and sell boys! the only thing republicans hate more than democrats is people who get richer than them on things they don't understand. expect regulations in mass if trump wins 2020

Lol, how are they going to regulate a decentralized platform. If people can offshore Billions of USD and they can't stop that, how are they going to stop crypto or regulate crypto....especially if you already have cypto and don't trade in USD. There is literally no way they can..especially if you don't use mainstream exchanges like COinBase.

 

[Space Lynx]

Lol, how are they going to regulate a decentralized platform. If people can offshore Billions of USD and they can't stop that, how are they going to stop crypto or regulate crypto....especially if you already have cypto and don't trade in USD. There is literally no way they can..especially if you don't use mainstream exchanges like COinBase.

they could ban it from being used in any marketplace based in USA. that would hurt its spending power ability and overall value.

 

[ZenZimZaliben]

Yes, it would slow it down but it won't stop it. I hope they try...prices will drop and will be another great buying opportunity.

 

[Space Lynx]

Yes, it would slow it down but it won't stop it.

enjoy all your crypto though cause I know about 90% of the mass population who still won't be be using it.

 

[ZenZimZaliben]

Doesn't matter. 90% of the population also do not trade in stocks...but plenty of money to be made. 90% of the population doesn't understand it. 50% of the population have zero in savings so don't really care what the masses are doing.

 

[Space Lynx]

Doesn't matter. 90% of the population also do not trade in stocks...but plenty of money to be made.

very true, good luck to you then i don't have enough savings to risk losing it sadly otherwise I might try as well

 

[ZenZimZaliben]

It is all a gamble. Stocks, Crypto and even life itself. Don't gamble what you can't lose.

 

[Papahyooie]

The irony of banning something designed for the explicit purpose of circumventing government...

 

[ZenZimZaliben]

It's all about power and control and crypto is a threat to THEM. So they will do a bunch of grand standing and empty threats to try to maintain the illusion of control.

 

[Deleted member 158293]

The irony of banning something designed for the explicit purpose of circumventing government...

Actually built to circumvent a central governing structure; governments happens to be one of them, the IMF being the overall biggest one.

 

[Papahyooie]

Actually built to circumvent a central governing structure; governments happens to be one of them, the IMF being the overall biggest one.

Did you just semantically differentiate between "government" and "central governing structure"? Lol