When's the next big economic crash? They happen once every 10 years or so, and it's been 10 years

Bitcoin was designed to protect the common people from the next economic crash:

"It's not going to happen that fast, surely," (2) said.
"Maybe, maybe not," I said. "With the state of the global financial system at the moment it's very clear governments, financial institutions, banks and central bankers really have little idea of what they're doing. They're all experts who are repeating each other like parrots. I'm sure they can all wave a book in the air and say ‘this other expert says I'm right'."
"That's great for us, right ?" (2) said. "With the financial systems broken and in disarray this is the perfect time for a workable electronic cash."
"For this crisis ? No," I said. "It'll take us time to work out the implementation details and create working code. Then it'll take even longer to build up a decent network and start getting value into the system. It's not this financial crisis that Bitcoin is being built for. It is to be built to handle to next Global Financial Crisis."
"And when will that be ?" (2) asked.
"If you look it up," I said, "There have been recessions every 10 years or so for the past few decades. As this one started in 2007/2008 we should expect another around 2017/2018. But it could start before 2014 or after 2020. We really don't know. We just know it will happen. This is when Bitcoin must be fully tested and be able to expand to meet the demand when everything gets screwed up by these experts again. However this time, they will be taking the retirement savings of the Baby Boomers and lumbering the cost of their retirement onto everyone else. The Baby Boomers include these self same experts. This time we need to be able to say no to
these experts and allow folks around the globe to exit their local financial system."
"So back to making Bitcoin a scarce resource deflationary system," (2) said.

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>implying that the last one is already over

This x 1000, the dollar is going to be worth shit soon. So many foreign billionaires have stacks of dollars sitting in basements doing nothing, once it's worth starts to go down everyone will dump, at which point they have to report it and have it massively taxed or try to get rid of it at a bad exchange rate. This also applies to State side billionaires who are going to dump the money into real estate (they've already been doing that) to avoid profit loss.

you are brainlets. There is a global bond bubble fueling asset bubbles elsewhere. Google the gigajew Alan Greenspan for more info

It's not about using gold to pay for things its about having it BACK whatever currecy is used brainlet.

Gold is currency and money. Obv we aren't going back to transacting in gold but gold is money that has to back the currency. Doesn't matter if it's paper currency or digital currency.

How the fuck you think crypto is ever going to become stable? By backing it with real money dumbass.

You can't just earn .1 bitcoin for a weeks salary and then it's magically able to buy you a house 4 years later. That's not how currency and money works. Money is supposed to store what you have

You would probably be interested in this

digix.global

What gives Gold value? Its just arbitrary.

Just because its physical doesn't mean it has any more value than Bitcoin.

The argument of scarcity can be made that BTC is actually MORE scarce than Gold, giving it more value..

It's IMPOSSIBLE to lose with gold. Gold is real money. A gold ounce 2,500 years ago is still a gold ounce today.

If the crash happens in 5 weeks... and you could only put all your net worth into either bitcoin or gold. Your telling me you'd put it in bitcoin? If you did you'd be dumber than a pajeet mixed nigger

Muh 7 trillion Gold market

Or, a 0.128 trillion dollar Bitcoin market that will quite likely overtake the market cap of Gold.

Decisions, decisions..

Golds inherent value is that it's real money. And has all the properties that real money has to be. Why the hell you think it's been money for thousands of years?

This whole discussion about Bitcoin vs Gold...why shouldn't the co excist? Gold has history and represents a real store of value for over thousands of years. Bitcoin is more liquid in the other hand.

No way those assets will kill each other. No need to discuss what is better or not

Scarcity is just one aspect of what money has to be. Gold is rare but not too rare. If it was too rare it wouldn't work.

Just because it's physical doesn't mean it's more valuable than bitcoin? I don't mean to be a dick but do you know how retarded that sounds?

Gold is real tangible physical wealth.

Gold is SAVINGS! That's what you don't understand. Because the anti gold Jew propaganda has infected yours and everyone's brain.

How can you market crypto as the new gold but then be anti real actual fucking gold? It defies logic.

Gold isn't the problem and the reason you are fleeing to crypto. Fiat is the problem and the reason you are fleeing to crypto

>inherent value

Gold is inherently valuable because of its use cases and scarcity.

Bitcoin is more scarce than Gold, its fixed supply vs Golds expanding production rate.

Astroid mining will obliterate the scarcity of Gold, and therefore its value.

Sure you might make the argument Quantum computers will destroy the scarcity of Bitcoin.

So at the end of the day we're either betting on Astroid mining or Quantum computers destroying either Gold or Bitcoin.

If you asked me what I find more likely. its astroid mining is far more likely than quantum computers.

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Exactly. I'm not anti crypto but if these deluded NEETS actually knew what was going on they'd realize that china is going into crypto AND accumulating record tonnage of gold.

Crypto is a potential currency and gold is real money. They can and will coexist

Precious metals miners > precious metals

I think we can both agree Fiat is not going to survive..

muh internet traders

>buys gold on internet exchange
>never sees it or knows where it is
>b-b-but its more real than bitcoin... r-r-really

>gold mining in space vs quantum computing

quantum computing is already becoming a reality

It's both tard. China and emerging nations are accumulating gold in record tonnage.

I don't know how you guys are so retarded... in that you think the reason we are fleeing to crypto is because there is a problem with gold. There has never been a problem with gold.

The reason you are fleeing to crypto is because fiat is a scam. And unirOnically it's a scam because it isn't backed by gold.

And just so you know, this is not a joke.

outerplaces.com/science/item/17778-700-quintillion-dollar-asteroid-space-mining-gold-rush-mars-jupiter

The asteroid Psyche 16 is a very special space rock: it's almost entirely made of metal, including iron, nickel, and gold, which has led astronomers to believe that it was originally the core of a planet. It's also estimated to be worth around $700 quintillion—enough to give each of the 7.6 billion people on Earth about $92 billion each. You read that correctly—$92 billion each. This asteroid has the potential to make us all richer than the Pharaohs—or, you know, crash the world economy.

Nibba, asteroid mining will kill Golds inherent value.

Sorry, but the world is moving on..when I'm your age Ill probably struggle with the changes in my lifetime as well if it make you feel any better.

I'm 22.

You must be fucking 12. Literally every human that lived for the past 5,000 years knew that gold was money.

You fucking asshats brag about your IQ's and you are literally dumber than niggers in Africa who dig in dry riverbeds for a tiny scrap of gold in order to get a loaf bread.... who have no formal education.

Wtf are they mining for on asteroids??? And how the fuck does that effect golds value?

You fucking niggers are so stupid you blast the Jews for fucking up the economy and you unironically don't even realize the reason they are fucking us is because gold doesn't back the currecy which allows them to inflate away all our wealth.

Read the article.

outerplaces.com/science/item/17778-700-quintillion-dollar-asteroid-space-mining-gold-rush-mars-jupiter

The asteroid Psyche 16 is a very special space rock: it's almost entirely made of metal, including iron, nickel, and gold, which has led astronomers to believe that it was originally the core of a planet. It's also estimated to be worth around $700 quintillion—enough to give each of the 7.6 billion people on Earth about $92 billion each. You read that correctly—$92 billion each. This asteroid has the potential to make us all richer than the Pharaohs—or, you know, crash the world economy.

Asteroid mining will kill Gold having ANY value as a form of wealth preservation.

It would be like unlimited Quantum computers printing 100s of millions of Bitcoin a day with 51% attacks that could never be stopped.

I find that outcome FAR less likely than Gold becoming saturated.

So you give everyone 92 billion each and a loaf of bread costs 400 million.

Seriously... are you black or just stupid? They bring this space rock here and the all of a sudden everyone is driving lambos? Even the lambo car salesmen selling you a lambo?

No, the point is Gold would become worthless as a form of wealth preservation because there would be too much of it..that is my point.

Ok fine... so this space rock makes gold irrelevant... so a new space rock replaces gold. So we just reinvented the wheel for no reason.

I mean many of your arguments are gold is just a rock. So let's replace it with another rock?

ever heard of supply and demand? do you honestly think the price of gold would sell at the same rate at that point?

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Bitcoin can't be "mined" or "produced" so easily thanks to its well thought out PoW encryption algorithm.

It's the most secure form of wealth preservation ever known to mankind. You'll do well to remember that when your space rocks become worth very little in the marketplace..

Ok well then a new rock will be the wealth preservation of choice.... so bitcoin will make gold irrelevant but not this new shiny rock?

2020 with Jupiter in Capricorn. Screencap this.

No it won't be replaced by another rock, rocks in space are everywhere. Thats my point...

It will be replaced by Bitcoin.

No I don't, I was quoting the article, dude.

No I'm with you on that.... but what's the point in mining a space rock to replace gold when gold does what it does perfectly now???

If Gold becomes as common as lets say sand for an example, do you think it will have any real value compared to Bitcoin?

The answer is a pretty obvious one.

It won't be replaced by another rock, because there are endless rocks in space.

It won't have any scarcity required to be used as wealth preservation.

But bitcoin isn't money it's a potential currency. You can't tell me gold is not valuable just because bitcoin exists.

It's like saying a real women giving you a Blowjob is worthless because one of these new robot bitches can suck your dick

Gold isn't valuable because there is an endless amount of it waiting to be extracted in space.

There is a virtually ENDLESS amount of Gold floating above us. You understand unlimited dollars has no value, same can and will be said for Gold when asteroid mining takes place.

>he thinks we can go to space

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But it's not as common as sand. If it weee then it wouldn't have been money for thousands of years.

What do you not understand about you can't touch and hold a bitcoin? And gold is real tangible wealth.

You fuckers are the weirdest people ever. It's like your living life ina virtual reality machine.

Scarcity isn't the only REASON gold is money. There's a reason gold is money and platinum isnt. You know what that reason is? Platinums melt point is WAY higher than gold. Among other reasons why it isnt

Not as common as sand now, but when asteroid mining materializes it will be.

So then why would we asteroid mine to tank the price of gold? Metals have different functions you know that right?

So what's the point of the asteroid mining? To purposely tank the price of gold for fun?

Asteroid mining will kill the value of Gold, not saying it won't be used, but it will be worth very little as wealth preservation.

We weren't even on the moon and you guys are talking about astroid mining just lol.

The point is to get cheap gold for industrial purposes. Very cheap. But in doing so it loses its value in the market place when there is so much more of it.

Bitcoin on the other hand...can't just be printed or produced in vast quantities thanks to the halvening every 4 years.

The anti gold sentiment is really an absolute mental delusion. Everyone who's ever lived is literally rolling over in their grave.

Its a mental sickness to be anti gold. Absolute propaganda has brainwashed you NEETS.

There are lots of other metals that have more industrial uses than gold and they don't tank the price of gold

Easier to mine asteroids than get to the moon brainlet.

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So the solution is simple: We need a fiat currency bound to BTC instead of gold.

The price to mine asteroids is the price of gold you uneducated inbreed retard.
We won’t be mining asteroids within the next 100 years. And even if we develop the technology to mine asteroids gold will still be valuable as the price to build a fucking spaceship send robots to mine the steroid and then bring back the gold is the value of gold.
does copper not have value because you can just mine it?
Jesus Christ the absolute state of biz.

I’ll give u a little tip, you can actually create gold in nuclear reactors, but the price of the energy necessary to create the gold is greater than the market price of gold, you can profit far more from selling the electricity opposed to using the electricity to make gold.

TLDR you’re a dumb cunt.

t. brainwashed nasa soiboi

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Short US Treasuries (20y) and thank me later.

>The price to mine asteroids is the price of gold you uneducated inbreed retard.

false

Thank you. Someone who has a fucking brain. These (((high IQ))) autists are literally dumber than a bag of shit

Except he is just spewing BS.

>anti gold Jew propaganda
lmao these gold retards.. jews love their gold they always have. Dont think going back to gold standard would diminish their power in any way

What the fuck are you talking about? Quantum computers already exist and will become mainstream in a few decades. Asteroid mining will never happen in our lifetime.

when the bond market bubble blows, dragging down the whole damn shit
man im going to make a fuck load of money on the next crash i cant wait

Yeah no shit Jews love there gold you dumbfuck. They have the gold which is valuable while they issue us fiat currency.

You fuckheads literally have zero logic

And it might not diminish their power... but if you have gomd you won't have your fucking wealth confiscate through inflation DUH

Bitcoin will surpass the market cap of Gold.

Just remember that.

its only valuable if brainlets like you keep assigning it value. Considering, as you said, they have the gold, then who are you doing a favor to when you keep shilling gold as the ultimate form of money? exactly.. you are the fuckhead

no, you'll have it confiscated through a kick in your ass

>The deals will be unimaginable for those that own even just a little bit of gold.
oh, it's you again

So what??? And bitcoin will go to a billion dollars... and how much will a 2 bedroom home cost?? 300 million?

That's why you buy lead and gunpowder too.

To take the power away from govt(Jews) you have to reject the source of that power which is the money they spend to corrupt the economy.

So basically if everyone converted their savings into gold the power would be sucked out of Washington literally overnight.

Jews have the gold because they know it's valuable! Because everyone in human history knows it's value. You have to assign value to something you dumbass.

Jews aren't raping us because they own gold. They are raping us because we have been brainwashed into fiat you idiot.

no one fired a single shot in 1933 what makes you think someone would risk their life for a piece of metal today, against a 50 times stronger govt. All you tough guys with your gold and weapons are all talk, you would never, ever, risk your family well being to protect your shiny crap

user, why the fuck would a billionaire have large quantities of valuable paper fiat currency stacked in their basement?

>jews own all the gold which is the only real money!
>instead of forgetting about gold and making their 'real money' useless, and searching for alternatives, lets try to get that gold back into peoples hand which is infinitely harder

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Inironically you just made a better argument than I have made in this entire thread for owning gold.

Why the fuck would the govt want your gold? And if they want it it means it's valuable.

You fucking pussy faggots scared of the govt.

The govt would be fucked if they came after the people. Millions of gun owners and millions of vets.

The oh so powerful govt you worship couldn't do shit to a bunch of gooks in Vietnam or in Iraq.

You obviously have ever heard of guerilla warfare. And people are woke now and pissed off.

You think there's just a deep state in Washington? I can assure you there is a web of underground Americans throughout this country who know what to do if the govt ever gets uppity

They relied on people voluntarily handing their gold in, and most people never did. If they try it again the same thing will happen. If the feds decide to go door to door and just steal people's metals there certainly will be a violent reaction from the public.

Literally dumber than a nigger who can't use logic. The economy isn't fucked up because of gold. It's fucked up because of fiat.

It's not about people owning gold it's about gold backing the currency.

You still need gold to back crypto. Nobody is in fucking crypto you idiot literally nobody. You think people are going to put their life savings into crypto??? A bunch of fucking electrons?

But they would warm up to it much more if crypto was backed by gold.

they dont have to come after anyone, just declare it illegal to possess and 80% of you will hand it over real quick.
Of course its valuable you retard, the thing here is to stop giving it value since they already control it and you will never, ever get that control back.

Not to mention... as much as you want to deny is... there's a real possibility bitcoin was started by the govt.

These central bankers are in it to fucking win it and they knew the dollar was dying over a decade ago

never said crypto is the working alternative you brainlet. The fiat system must change true, but going back to gold isnt the real solution, you are just giving insane power to those who already hold lot of gold, and they dont have your best interest in mind. So you replace a flawed system with another flawed system, not smart..
We can figure out better economic models, but you libertards and anarchofags are too stupid to see beyond your pretty, shiny rock

How can you stop giving something of value no value?

Nobody fucking uses gold right now you moron. You can go and watch mark dice offering a 10oz bar of silver or a bar of Hershey's chocolate to people on the street and had literally 10 people on camera taking the candy bar over a 10 ounce bar of silver.

It's like you think everyone owns gold and that it's also backing the dollar right NOW. That's not the case you retard. People think silver is a color nowadays... and say stupid shit like but I can't eat gold.

The fucking problem and the reason people are fleeing to crypto is because gold isn't backed by the currency and people don't own it because they are stupid.

Your saying move to crypto because Jews own the gold.... yet nobody owns gold now you moron!

It's like you think gold having value is the reason the economy is fucked up. You are a total brainlet

Of course it's the real solution! Gold is what gave the dollar its value brainlet.

If they started issuing US dollars 200 years ago backed by nothing the people would have laughed.

Ever heard the term the dollar is as good as gold?

When gold backed the currency you could get a job without a high school degree and have 7 kids before you were 30 with the wife at home raising them.

Gold standard equals life is good and prices are low. You understand that right?

>How can you stop giving something of value no value?
its the people giving it value, it doesnt have value in itself besides its industrial use. How stupid can you be?
>Nobody fucking uses gold right now you moron
cause it sucks as currency
>Mark dice video
meh, obviously staged
>It's like you think everyone owns gold
never said that. On the contrary i said jews own the gold and taking it from their hands is gonna be a lot harder than simply ignoring gold and making all their decades work to accumulate it pointless, which is what we should we doing
>people don't own it because they are stupid
people dont own it cause there are many alternatives to store value than a piece of metal sitting on your basement
>your saying move to crypto
never said that, you keep putting worth in my mouth. How about you chill and think this shit through? you gold obsessed morons havent done much thinking apparently

gold standard means he who owns the gold becomes uber powerful. 95% of gold is now in fewer hands, wanna give them unlimited power with your gold standard? fucking brainlet

It's inherent value is that is real money.

Wrong. Gold is currency AND money. It used to be currency then it was easier to use paper money but you still needed to back the paper with real money otherwise it's just paper duh. Why do you think we have massive inflation and people fleeing to crypto? Because they print money out of thin air because it isn't backed by gold.

Now crypto could still come along on a gold standard because digital is better than paper just like paper was better than carrying around gold. But you still need gold to back crypto

How was dices video staged? You think he got 12 random people to take a candy bar and look like an idiot on tv just to look like an idiot? Are you retarded? Those were regular people on the street. Some people even just said they weren't interested and kept walking

How else can you store your value? Gold is LITERALLY SAVINGS that's what it is savings. Why the fuck you think it's been money for thousands of years??? Gold is the ultimate store of value.

The fact is the reason people don't own gold now is because they don't know it's real savings because the anti gold Jew bank propaganda has infected their brains.

What's my proof of that? The mark dice video where people are literally taking a 1 dollar candy bar over a $170 10 ounce bar of silver.

This shit is so easy to understand and realie dude

There's nothing stopping you from buying gold right now and benefiting from it too. Just because plebs are too stupid to understand the value of natural elements doesn't make them worthless.

The elites are already uberpowerful anyway. At worst nothing changes, at best you benefit greatly.

Haha WHAT. Gold is a fucking garbage currency. What, you're going to shave off a speck for a mars bar? From the giant fucking bar you carry around?

>value of natural elements
And what value is that? The intrinsic value of gold is less than that of copper. Gold is a bubble.

>How else can you store your value?
i dont know.. maybe land, weapons, art, furniture, canned food, etc? Things that have useful and meaningful work behind them, literally stores of work which is real value.
Gold represents work and resources spent too, but more like wasted cause its not being used, its just sitting on fucking deposits, being worth like entire provinces & countries because of brainlets like you, instead of just being used like any other rare metal in industry, or at most jewelry.
>Gold is the ultimate store of value
really.. when its supply has been non stop increasing over human history? we have better means today to take something scarce and give it whatever value, if what you want is to just grab something and give it no other use than store an agreed upon 'value'. Gold doesnt do this all well either, what it could buy has always depended on the society you were spending that gold in and how well its economy was going. It never had any universal, established value, it varies. So how can that be the ultimate store? Your brain, learn to use it

>my proof is this spammed everywhere by liberturds video by i guy i follow blindly
this is your brain on jew
>the reason people don't own gold now
whatever is the reason, fact is they dont own it. You want ALL of them to start buying it from the jews again, which they will gladly do at premium price, and then they'll go and buy REAL wealth like land, property, industry, resources, and open a few thousand more banks around the world. Lmao

it'll happen between 2020-2024

which they will gladly sell*

yes good goy buy our gold, we will buy all your companies, factories, land and resources with our mad gains

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