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Lions I have a question I would like you to ponder.
As you know I am a HUGE believer in cryptocurrency, and yet more supposed professionals are coming out saying "Bitcoin is in a bubble."
Here's my question......
.........
So if Bitcoin is in a bubble at $4000, where does a 20+ Trillion in debt put the dollar?
.........
Bitcoin is undervalued compared to that 20 trillion +
Please don't talk about this Greg, Sheeple-people might wake up...
Nothing to see here! 😂😂😂
Bitcoin not in a bubble yet. You need Bitcoin ATM every where so the tech challenged crowd can join in the action for that to happen.
Why would we need Bitcoin ATMs everywhere when only a very small percentage of morons are even remotely interested in the shit? Half a bucket full of idiots will be "painfully" eliminated from EVER buying bitcoin again on the next wave of selling...which "should" take BTC well belowst $2000. Those who paid $4K+ will never be back.
The dollar is in a major bubble. The issue is it has the full backing of the US government and military at the moment. So until some country or people have the cahones to step up to the USA (biggest bully on the block), the dollar will continue on.
Support will wain over time and it already has. The movement will start off slow like it is now until it builds up a head of steam, similar to cryptocurrencies in 2017. When the dollar gets to that breaking point, it will collapse. It will probably happen once crypto becomes mainstream and breaks the 10% threshold of people involved. Many people get into crypto to make money, but when they learn about the freedom that crypto and Bitcoin and the blockchain is supposed to provide from governments like the USA, they will slowly awake as well!
It seams everything is in a bubble except metals.
Metals are in an inverse bubble which will also correct to fair value at one point, and expect a multiple exponential move higher at that time.
Your deduction is logical, however, what you seem to be missing out on is that blockchain doesn't have the capacity to carry the full supply of money in existence and therefore cannot become a substitute for FIAT currency, specifically USD. Cryptos may fulfill the interchangeable requirement of legal tender but can ONLY do so IF it is backed by an incorruptible asset like gold or silver.
That is very true!! It seems to be going on forever as well.
Just waiting for the day all hell breaks loose. The longer the wait the bigger the breaking will be.
However the longer the wait the more time you have to prepare. Don't get caught up in all the excitement of the break. For many the break will be death and suffering because they were not properly prepared. Many WILL die...because of a lack of food, money, crime and proper medical care. Do not desire that which many are not prepared for.
I draw the analogy of Christians. They are waiting for Christ's return. Many hope to escape the tribulation and be raptured. Perhaps they will. Perhaps they may not and will have to suffer for a season, carrying their cross as Christ did. Either way, God gives us time to prepare spiritually. The master carpenter shapes us though our sufferings. He also extends his grace. Additional time to prepare is a form of grace that should be considered a gift. As we are granted time to clean up our spiritual lives and get our shit together...so too God is giving us time to prepare for the financial collapse of America. IT WILL HAPPEN! GUARANTEED. But don't wish for it you may end up a statistic. Take the additional time to continue to prepare and educate and wake the sheeple from their drug like slumber. Thanks my friend for sharing.
Jeeez, another guy who is worried about zombies jumping his 8 foot barbed wire fence so they can eat Greg's pet kittens. The only ones who will be begging for food are those who put too large of a % of their assets into gold, silver, real estate, stocks, and cryptos. You need to be worried about Greg jumping your fence as he is more highly diversified amongst assets that will submersify his account balance than your ave zombie is. How's that AAPL trade working for ya? Remember, when the VIX is trading at 9.50, gold and silver will be attacking the highs Greg just had you buy the week before last. He'll be screeming at the top of his lungs that silver, gold, and stock prices go MUCH higher! Make sure you "submersify" your diversification by buying even more. The next move down in Bitcoin will make you shit your pants...so don't worry about Greg...he'll be shitting his pants too.
Silver and Gold are much better to hold.
God's money is best when put to the test.
Joe you may jest but Greg is the best.
A kitten once be turned lion in me. ROAR!!
May as well wear your pants half way down your butt crack if you plan on running from the zombie attack with your gold and silver in tow. Yeah, "Maalox" Mannarino is the best...reverse indicator out there. No bout a doubt that.
Very well put. I see the same. I hold PM's but will be a sad day when it runs up for many people
It puts it in never never land along with Peter Pan who didn't want to grow up, but sooner or later you just have to face the truth....everything dies....
It's definitely an interesting question. Ultimately it all comes down to confidence.
The MSM is desperately trying to erode confidence in cryptos: "Bitcoin is a bubble" ... "Bitcoin is only used for illegal activities" ... etc...
I've been trying to make up my own mind on these questions, but I think it's challenging because it's not clear if humanity will see the light, or fall for the propaganda.
"Humanity?" Humanity actually has it right. There's some very good reasons most people want nothing to do with Bitcoin. I'd work on "functionality" before you even start looking at "confidence" numbers in Bitcoin amonst the masses who don't even own yet. In the meantime, enjoy the price swings being brought to you by the Chinese gambling syndicates. trust me...if Bitcoin goes to $1000 those idiots will likely give up too. Chinese economy will hit the skids waaay before the U.S. does. Dumm mutherfuckers just decided they are going to price their oil trade in Yuan. Wait'll you see how that works out. Chinese are dummer than bitcoin addicts...and bticoin addicts all agree to let the Chinese price bitcoin. You crypto loonies need seeing eye dawgs...not paper wallets. Bunch of dumm fukks. Going to be fun to see you alll crying together. Greg will be sure to put in a whining post for you. :-)
Perhaps you'd care to put some skin the game and share some of your infinite wisdom on the right way since you seem to have it all figured out?
I'm about the only person here at steemit that actually posts live trades as I make them...and tells you what will happen "before" it happens. Since I post em "live!"...with price paid/sold and give you the exact options contract I am trading it really doesn't matter if I have skin in the game...does it? I welcome Greg or any of his kittens to attack my trades just as I attack Greg's trades. Only one guy found anything to attack me about so far. I have tons of spewage posted here at steemit. have at it.
If you read the post above, you'll notice it's not a short term trade, but a long term outlook. Please share your long term outlook. It's easy to say everyone else is wrong while not sharing a view of your own.
Put some skin in the game by sharing your long term view.
Long term on Bitcoin? How about some logic? "Actual" bitcoin didn't drop in price until U.S. exchange traded bitcoin led the way...every single time since every single high in each was made. And exchange traded bitcoin as measured by the ETF "they" are already "trying" to get options contracts traded on (GBTC) has already told us that it goes to $20....basically the low price on this chart over the past 3 years.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=gbtc&x=53&y=19&time=10&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
My "take" is that I don't buy "depreciating" assets of any type as a HODL. My definition of HODL can be found here:
https://steemit.com/hodl/@joejustjoe/meaning-of-hodl-on-7-30-17
Ok, so now that we know you what you're not buying, how about telling us what your philosophy "actually" is? What is your eminence doing with his capital that is so ingenious?
Actually, scratch that. As far as the gold (precious metals) sector goes I give this guy/gal a strong endorsement.
https://steemit.com/steemsilvergold/@handofzara/hui-september-19-2017-ante-up-or-sit-it-out-someone-will-call-gold-stocks-bulls-or-bears
@handofzara posts em at the end of the day. His system is a tad more "twitchy" than mine but 1) He'll make you money over time and 2) He won't get you kilt with every short term trade like Greg does. :-) I shoot for the "mythical" 1000%er on a buy/sell and hold trade for at least a week in duration.
Shhh...
The more people say it`s a "bubble" and a "fraud" the more I buy!
Don't get me started Greg :D
LOL!!! Very good question @marketreport
It puts the debt near the moon.
Shoots Fired!
Janet Yellen last seen running for the hills!
Just my two STEEMS Worth.
Good question
The central banks are engaged in a disinformation campaign trying to establish a narrative that instills Fear Uncertainty and Doubt (FUD) into the masses. They're doing this because they fear cryptocurrencies themselves, because it spells a serious potential end to their grip of power.
Janet has been pretty open about intentions. The free market still "openly" drives pricing in all U.S. govmint debt intruments. If you can't see what the market is "actually" saying about say the dollar vs gold/silver or oil then just get ready to make excuses. Greg always does it...you always bullshitted your way out of your own messes. You aren't saying you are going to change...are ya, Ernie? Central banks ainn doing nothing to Bitcoin. Your ass belongs to China if you own. And GOOGLuck with that. Spekkin of GOOGL..it "should" see 955.00 again before it dumpfs. It only made it to 152.00 after I coverd my most recent short from $938 I think it twas. It's at my GOOGL blog. I call em all "live!" GOOGL "shud" still see $955. Fukk AAPL...AAPL already a dead dawg waiting to roll over.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=googl&x=34&y=4&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
How'm I doin with shits n GOOGLs? Ya think Greg crapped out of his AAPL long trade yet...duh? Greg's fukkin amaaazing. World's best reverse indicator. I didn't give him enuff credit in previous spews.. I said he was America's best reverse indicator. :-)
Bitcoin is short on the dollar, that's all :-)
I am not impressed at all by anything anybody says about crypto's uptrend. Facts: 1) 153 Trillion global fiat currencies floating in debt as money, 2) Only 130 Billion of that 153 Trillion has been translated into crypto, 3) "the bomb" - You can't stop this hyperinflation bubble from bursting. It's going to be huge once the central banking system is being suffocated by its growing rival(s) BRICS, and Crypto. I expect at least a 50% of all world fiat money to be leveraged into this crypto phenomenon.
Very nicely explained.
where does a 20+ Trillion in debt put the dollar? The same place the $134+ Trillion in assets does.
Please elaborate. Because if you add the unfunded liabilities, the real debt number exceeds the 134T of assets you allude to.
Bitcoin is a bubble this is classic...and the dollar is going to zero....where does that leave the precious metals...obvious.
Good question Gregory. I bet you will not get that question answered in a rush by the Fed.
If Bitcoin is a bubble, the US Dollar is the biggest fart of all time!
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