Digital fiat is the New World Order money supply and the cryptos around today are test runs.
They have risen in 2017 and fallen significantly since December 2017 FOR NO REASON. >No increase in use >No restriction in supply >No increase in demand >No increase in volume >No nothing - just buy and HODL
Only gold and silver are money as they are the only substances that have the PROPERTIES intrinsic within their makeup that meet the definition of MONEY.
Watch how this topic attracts the shills and prove me right
Gold has been valuable to societies all over the earth for 1000s of years. This reason alone makes gold valuable - because it has 1000s of years of reliability. There were no iPhones or tech in medieval times yet gold was valuable. As long as the aristocracy values gold - its valuable.
Money HAS TO BE: >Durable >Transferable >Divisible >Intrinsically valuable >Scarce >Recognisable >Fungible
time and time again people try to replace real money with something else and it fails every time, and what are those people forced to revert back to? GOLD Gold is the ONLY substance (along with silver) that has ALL the properties needed and meets all the requirements to be defined as money.
It is these properties that gives gold INTRINSIC value.
>They have risen in 2017 and fallen significantly since December 2017 FOR NO REASON. user you got that backwards, let me fix that for you. They have risen in 2017 FOR NO REASON and now are falling back to what they should be.
Crypto has zero inherent value. The fact that it was ever worth anything in the first place is the oddity.
yeah - thats what Im saying. They topped at $20k in December 2017 for no reason
Luis Phillips
The only thing wrong with gold and silver is countries treating them as an abstract means of value, and not an actual commodity >Made by bullion gang
Elijah Sanchez
gold has that property of mass to volume that only tungsten can fake, a shopkeeper with some wood shapes and a scale could verify gold to a high degree.
Lucas Sanchez
Gold is the only useful currency when the ayy's come, as it's their food.
Most likely they'll take it by force, but hey, it's worth saving at least , maybe they'll allow you to trade it in the first few years of invasion
Wyatt Ramirez
Good thinking You might save yourself an anal probing if you pay them off with gold
>no reason CIA money transfers niggaaaaaaaaaaa >main buyers brazil china korea
Jaxon Phillips
Sorry, I meant:
>Fleet of orbital Skycubes to enforce dominion What did he mean by this?
Oliver Howard
Gold and silver are more than just money, due to those intrinsic properties. They have uses beyond just being a store of value.
Crypto is just as valid as any other type of "money". After all, money is anything humans agree upon as a store of value.
Luke Johnson
As someone who watched the incredible and irrational rise in price, I knew deep down somebody had their thumb on the scale. I ignored that voice and still hold bags (that are getting lighter all the time) I see so many signs of price manipulation, and it appears that which gave to coins in the past is now being used to beat it down hard. Are they trying to kill crypto? It doesn't just seem to be crypto, wall street is bleeding like a stuck pig, too.
You are so misinformed. Distributed ledger techs aren't going anywhere.
Bitcoin is crashing because it is the first implementation of this technology and it's fairly obvious now that more efficient and sustainable implementations will come along.
Don't get me wrong. Bitcoin will still be there, and will have value, as a collectors item. We never get to 21 million coins.
You bought a model T Ford with the expectation that would necessarily prove to be the final word in automobiles because 'muh network effect'.
Dylan Clark
Maybe im a simpleton but wojAAAAAAAAAAAAAAck its one of the best variations in wojack memes.
David Gray
Time to head on over to biz and scavenge for red wojacks
Wyatt Sullivan
Kill crypto? Crypto died when Silk Road and friends gave the feds hundreds of thousands of buttcoins. Satoshi could kill crypto by himself, that's why he saved the genesis block! He always retains the power to flood the market with coins.
Crypto valuations are moved up and down like a volume slider in order to transfer buying power to people literally anywhere in the world. Control that lever and you have a really good way to compensate low level spying. Who, exactly, would benefit from this? Why did nations that recently saw government crises buy a shitload of coins? Were they pushing up the price for someone? Was that someone the glowniggers?
If you really already believed this you would already be here too.
Bentley Hughes
crypto is basically the stock market for faggot NEETs
Colton Morgan
This makes my heart grow 2 sizes. All those normie faggots trying to get on board when it was 6k a coin. lel
Bitcoin rockets in value as socialist governments around the world print fiat and gain massive debt.
Trump comes in, the american economy booms and people have more trust in the dollar. Bitcoin drops.
Big surprise. Buy the dip.
Gavin Scott
>They have uses beyond just being a store of value. So does Bitcoin, brainlet. When the globalists shut down your ability to transact (see paypal censoring Infowars/Gab etc.) than you'll realize why bitcoin has any value at all.
Joseph Kelly
>meme money is backed by the full faith of Alex Jones wow, I'm going to get some right now!
William Gomez
Crypto in the long run will be worth a lot more nd be a market worth equal to gold
Colton Barnes
>Crypto is just as valid as any other type of "money" No - its intangible
>Distributed ledger techs aren't going anywhere. yes - I said these are a test run and the NWO currency will be crypto. >Bitcoin is crashing because it is the first implementation theres no reason for it to rise or crash or be anything >You bought I bought gold and silver which arent getting miraculously lighter for no reason.
>When the globalists shut down your ability to transact yes - this is the reason for cryptos. Its the NWO currency. Your crypto wallet will be linked to your biometric ID
Charles Hughes
>retards throw money at imaginary internet currency with no intrinsic value >retards are surprised when value of imaginary internet currency plummets
Parker Martin
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
>CRYPTO WALLET + BIOMETRIC ID + A CHIP IN YOUR FUCKNG HAND = MARK OF THE BEAST SYSTEM
Anonymity and the ability to circumvent the traditional banking system is are valuable properties intrinsic to crypto, or at least they are supposed to be. Unfortunately, centralization and investor meddling has rendered the dream out of reach for now.
Gold is a Jewish meme. The government can seize your stash at any time, and (((they))) set the value.
Fiat is the big gay and a tool of the Jews to keep us enslaved.
David Cook
How can money ever be invariable in value, even if it's commodity money?
Anthony Cook
>put $20,000 onto VeChain in 2017 >Was worth 0.14c at the time >Cashed $40k at $1.40 >At it all time high I was a millionaire >Ath was around $9.4
Cashed another $60,000 out but held the rest and now it's equivalent worth is like 0.56c. feel chinked
Adam White
>The fact that it was ever worth anything in the first place is the oddity. Not odd at all. Pump-and-dump by the few smart guys who saw the dumb guys coming
Joshua Gonzalez
Woman WWE wrestler refers to herself as "The Man." She doesn't think gender, sexuality, and race exists. We're all equal. Pretty deep stuff. You know what to do POL: thumbs down. youtube.com/watch?v=Bk1rkdpJL6Y
>I bought gold and silver which arent getting miraculously lighter for no reason.
I did that too. But silver IS in fact getting miraculously cheaper. It's one of the only assets selling below it's 1980's price. Name a thing that is cheaper today than it was is 1980? You can't even find that in used furniture, a la antiques.
Owen Sanchez
yea its really sad what has happened to the silver bugs. it has lots of useful properties, arguably more so than gold, and it could skyrocket in the right situation. excess mining and/or financial instruments could keep the price of silver low, eventually it will sky-rocket, probably post-collapse.
Jack Reed
There is a reason. Bitcoin entered the Futures market. Futures essentially allow you to take a bet on the value of an equity being lower in the future than it currently is. You can even do this with leverage. that is to say that you can bet 2 to 1 or 20 to 1 or whatever that the value is lower. Now imagine you're a billionaire with 1000x leverage on the price of bitcoin taking a huge shit. There is your reason. Future markets for bitcoin were created by the FED to destroy the currency and make them rich all at once.
Ian Gray
You made 40k user. Just be glad you got out with a profit.
>bought etherium at 12 dollars a piece by in 2014 >forgot about it for years >came back when it was 150 >still just let it set >had about 60k at my peak >sold enough to clear out all my debts >more than made a profit I'm just gonna leave the rest in there. If it's worth something then it is. If not of well.
Evan Hughes
It took me a little while to separate the marketing gimmicks from the truth when it comes to Bitcoin and the blockchain -it's doesnt hold the utility we think it can provide and there's other DLTs on the horizon that work 100,000 times faster and with better use cases. Visa can handle 56,000 transactions a second!! Compare that to BTC's transaction of 7 a second. Or ETH's 20 transactions a second If you have money in crypto and you CANT afford to lose it, take it all out NOW! If you have money in crypto that you are happy to lose and gamble with leave it in, you never know; if you lose it, it wont matter. But dont rely on this to do anything; it's a punt and the odds are getting longer. For me I'm 99% sure that this incarnation of crypto and the flaws blockchain mean it's over. Dead and buried. I've argue the toss with people on here and halfway around the interwebs in favour of Bitcoin, but I was wrong. I apologise unreservedly for being fucktarded. You cant out jew the jew, the USD will remain supreme (for the time being).
>Visa can handle 56,000 transactions a second!! >Compare that to BTC's transaction of 7 a second. >Or ETH's 20 transactions a second in a nutshell
not scale-able to compete with VISA....but crypto can be used as a new 'gold standard'.
Ayden Watson
What properties does gold have that make it "Money"? the only thing that makes it of any value is the fact people are willing to trade X amount of whatever for it. money is a social construct and value is placed on items by people not by some magical force.
Jaxon Young
The real benefit is in escaping the censorship kick of the old guard.
Paypal says you can't use their service because your opinions are bad? Just trade in crypto? Some place won't host your content? Decentralized file storage. That is the value but we need good products in those spaces.
Parker Sanchez
>real benefit is in escaping the censorship kick of the old guard. the censorship stuff will change. These companies will broken up and then the power to censor will be over. crypto will remain as a niche tool for doing what you suggest. The problem is that it can be used for money laundering and criminal things which the government will try to stop.
>..but crypto can be used as a new 'gold standard'.
Well yeah it could, and Ive argued all day for that. But Ive had a big change of heart. I think if you want something like gold as a store of value buy gold not crypto. If you lose your crypto, or worse have it stolen if you keep it online, there is no insurance that will cover your loses unlike with physical gold.
Crypto to me is dead, it's neither a currency or a store of value. When Hashgraph comes out with it's 250,000 transactions per second using the gossip protocal algo then we will be rocking. It's like comparing a Wright's brother bi-plane with a X47-B!! This is really hard for me to say because I've shilled crypto and the block chain hard.
That's true; but there's no escape since the tax man can see all your transaction and hit you hard if you hide gains that are taxable. Plus with the regulations and all the permission need to trade crypto in a system that's designed to be 'permissionless', it sort of defeats the object of it's design. Those arent my words but John Mcafee's words yesterday.
Luis Long
>The government can seize your stash at any time Because its money. Valuable and money.
> (((they))) set the value. They set the fiat value. They manipulate the fiat not the weight of 1oz.
1oz is 1oz. The weight does not change. The value in fiat changes because the purchasing power of the fiat is changing - not the weight of 1oz
>But silver IS in fact getting miraculously cheaper But the weight is staying the same, yes. The value is changing because of the FIAT value being manipulated. By way of silver ETFs. Theres no silver backing the ETFs yet they act like physical silver. the more RTFs there are the price of silver goes down, but the fake paper promises market WILL fail and when it does the silver price will find true market value.
>NO REASON the reason was hype, driven by meme-belief that you get free money from buying bitcoin before it forks. which was true, but they went full-retard with that by doing obviously scammy shit like forking into bitcoin gold and bitcoin diamond.
its now tanking badly because of recent split of bitcoin cash into 2 other versions. creates a bad image for btc, also constant in-fighting about core being cucked by kikes via "side-chains" like lightning (co-founded by a woman and hasn't been implemented on-time) and blockstream. basically btc the original blew up in 2017 as the normies bought into the hype and now it's tanking because everyone who got burned has given up and sold.
the true believers will hold on and start buying when btc hits 1000-3000. right now the 4000-5000 usd range is a psychological pain area. traders are shorting, people who can't take the pain anymore are panic-selling, but a small group are either nignoring or buying more at these prices. its all very tiresome.
Ok, he's very much respected. The reason he's called Mike Baloney is because he's been a doom mongerer in the wilderness -but that's not to say he's wrong, he is 100% right. The problem is he's been calling a crash out for what feels like years - so it's just a little premature, like Ron Paul in many ways. Yeah things will go shit creek, but I think his calls annoyed people during the Bull runs because people just want to eat drink and be merry while the good times roll.
I made some money from crypto (through luck -because it's all speculation) and I was a big shill for crypto; but I've seen the light. Sorry for being insufferable. Mcaffe eating his own dick will be interesting.
Andrew Lopez
>I think if you want something like gold as a store of value buy gold not crypto the problem of gold as a reserve currency is storage - where, who, how transport it. Think about how the gold standard worked 100 years ago. Gold Bullion was being transported by ship between central banks. That's insane and dangerous to interception. Crypto will be used as a reserve currency instead of gold because crypto has exactly the same one characteristic that gold has that qualifies it for reserve currency - it takes massive amounts of man hours to create each new unit. in order words - it is a function of labor productivity, which is exactly what is required for a reserve currency.
as for competing with VISA, Hashgraph may be competitive. Or Visa might just buy the tech from them.
Crypto is not the new 'dollar' or 'peso'. it's just a test run to see if the tech is possible for using it as a reserve currency.
Jaxon Perry
>the forks Yeah - that shows how the goalposts can be changed
when it cost $25 to get a $100 drug deal complete in under 24hours bitcoin had failed.
Kevin Jenkins
it's now down to $4,248. Fuck. On some exchanges you can buy under 4,000. I think this get alot worse before the end of the week. Is the Tether criminal investigation still ongoing or been concluded?
>Money HAS TO BE: >>Durable >>Transferable >>Divisible >>Intrinsically valuable >>Scarce >>Recognisable >>Fungible Bitcoin is more of all of these than gold is tbqh You can invest in the future with bitcoin or you can invest in the apocalypse with gold
Robert Robinson
>You can invest in the future with bitcoin thanks for buying the other side of my short trade. Loving stealing all of your money from you dumb fucks.
>Or Visa might just buy the tech from them. Hashgraph is already owned by Venture capitalists and 39 big businesses who are undisclosed. They plan to built new what they call a browserless browser with mirco-payment crypto wallets where you can spend a 10th of a cent on reading a news article or to send an email and get rid of all advertising. They want a browserless-browser to be your a one stop shop for: >social media >email >bank accounts >video sharing platform >game playing platform. >goverment ID >Tax portal
It's quite clever and just higher levels of abstraction over what we have with a new business model. Kind of reminds me of when Java servlets were a thing in the 90s but alot smarter.
John Cook
>he shorted the bottom Lol have fun getting squeezed tomorrow
Nolan Lewis
>Bitcoin is more of all of these than gold And, no.
Jayden Scott
> 16% drop in one day >wew lads
Actually I think there is a fundamental flaw in the way bitcoin works. Forks in the block chain are resolved by choosing the chain with the longest length. The assumption is one party does not have enough computational power to do the work to extend a fraudulent block chain because a longer block chain will be generated by other miners. But since we know there are huge mining operations with literally walls of graphics cards, the power equation is highly skewed. This is especially a problem with the smaller, lesser traded coins, which we all know crashed earlier and harder.
Liam Nelson
Cryptoniggers must die, they inflated the entire GPU market and RAM prices too to the roof. Now Nvidia is the new Apple
Samuel Ramirez
What happens when we mine asteroids and produce hundreds of times more gold than has ever been mined?
Adrian Collins
the current financial paradigm is trying to sabotage crypto because it's disruptive and scares them.
They have more money than they know what to do with, what they fear is not being on top and will spend as much as they need to remain in their hierarchy.
Jonathan Diaz
It passes those tests but a 15% drop in one day as it's done in many other days, shows it's not practical for money yet. While we still have government and while you cant pay for your taxes with crypto it will never be what we want it to be. Sad but true.
Jack Foster
They all follow the exact same pattern. XRP, Stellar and Tether have a different pattern
