There is an awful lot of noise circling the political sphere and markets over the last couple of hours with Brazil's currency markets in free fall which has triggered a halt in their trading this morning after a 10% sell off. This is actually a result of political instability in around the globe which fosters uncertainty and fear. The political witch hunt involving the hearsay regarding Trump is also fueling the sell off and panic in various markets around the world with losses mounting. 35 billion dollars in losses have been reported by Bill Gates and Mark Zuckerberg this morning alone. Bitcoin holders however are enjoying a steady rise in the price of bitcoin having made gains of almost 100$ this morning alone. Happy days ahead for the early adopters and investors of the cryptocurrency. Moral of the story kids... Bitcoin doesn't care about all the noise and its attempted assassination last Friday.. Any other asset would have crashed. But then again… where is one supposed to put their money in a heavily overvalued and criminally manipulated market? Get the “I told you so” cards ready crypto fanatics… You're gonna need em...
The Honey Badger of Money!
Well played sir.. Well played... I expect Cuckerberg to start hurting as soon as people start finding out about steem as well.
I bet it is on his radar!
How many billions of Brazilian currency has to be destroyed to make bitcoin rise a hundred dollars. Who planned this destruction and shorted it to the hilt?? What is going to happen to our own currency?? Is this all part of the crash of all the IMF currencies?? What new currency are they going to promote now?? When the replacement currency is pushed on the people, will they print it again and again telling us that they will give us more of it so that our soldiers will corral us and control us?? Are we in the middle of a conundrum and don't understand it?? Look at your hundred dollar bill and answer the question that it is asking you. Let me help you understand the question. Do you want another Federal Reserve or do you want money backed by Gold.
Lots of Love
In all honesty I don't know the answers to a lot of those questions and only time will tell what the future will hold. All we can do now is make educated guesses as to what will happen in the cryptocurrency markets. I know that there is a gold back cryptocurrency that is operating out of Dubai that I have been seriously looking at. I personally like Gold and even more so Silver because you can leverage the hell out of it, but it has been taking a beating lately. People have been suggesting that JPMorgan has just acquired a long position on metals and are now getting ready to revalue the metals sector. I personally hope that happens. I've been long silver for a long time myself. As of now I have been acquiring a long position in cryptos because I think that they are complementary to metals in destroying the paper system. Like I said before, idk how high bitcoin will go (Currently at 1950) but I know where the paper currencies are going. We just have to see what will happen in the months that follow. I think that September 23rd is going to be a grade a shit show in the markets. Gold, Silver and SPECIALLY Bitcoin will explode at that time. We just have to dollar cost average and sit tight.