"Until now whenever we’ve needed to transfer money we’ve had to rely on a third party, whether it be a bank, a clearing house or a payment network. Bitcoin offers, for the first time, a method for transferring value and making payments from anywhere to anywhere, in real-time, without any intermediary. This could mean we soon see many billions of people sending bitcoin everyday as easily as they currently send a text message."
Bill Gates has stated about bitcoin: "Bitcoin is exciting because it shows how cheap it can be . . . in the future, financial transactions will eventually be digital, universal and almost free." "Bitcoin is better than currency." An example of bitcoin store and transfer of value: in April 2020, $633 million was transferred at a cost of 26 cents. If the price of one bitcoin is $10,000, then .0001 bitcoin is worth $1.00.
For best viewing, use the Chrome browser. Per your preference, JUST READ THE TEXT FOR NOW, click to view the video and other links later. Bitcoin has appreciated more than any investment in history.
Fidelity®Investments/@unchainedcapital: “Bitcoin Obsoletes All Other Money." Raoul Pal: “It is nothing short of the future of our entire medium of exchange system, and of money itself..." Bitcoin is the new currency of We the People: of the people, by the people, for the people. Bitcoin renders obsolete the worldwide economic enslavement and warfare perpetrated by the central banks. See: "ALL WARS ARE BANKERS' WARS: https://www.youtube.com/watch?v=vQZJSCDu-4o. Historically, the purpose of infinite money printing is to finance imperial wars. Why do we pay taxes when central banks have infinite money? See: https://www.zerohedge.com/markets/kashkari-says-fed-has-infinite-amount-cash-we-create-it-electronically. Also: https://www.newsbtc.com/2019/08/07/bitcoin-now-the-worlds-eleventh-largest-money-supply Psychopathic dollar printing ultimately causes devastating inflation. Buy bitcoin.
"Birds of a feather flock together."
"It is impossible to grasp the meanIng of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments." -- Ludwig Von Mises See also: https://mises.org/library/how-central-banks-fund-our-age-endless-war. “The Fed is, in effect, a lawless economic government unto itself.” See: https://mises.org/wire/how-think-about-fed-now. See also: Confessions of an Economic Hit Man, by John Perkins: https://www.amazon.com/New-Confessions-Economic-Hit-Man/dp/1626566747. "The economic hit-men system that started by us exploiting other countries… has now spread around the world and came back to hurt ourselves." (regarding the pandemic). "It's an extremely effective system of using death and fear.” An excellent article by Wall Street veteran/Wyoming consultant Caitlyn Long, J.D. regarding the "U.S. Federal" Reserve Bank criminal "re-hypothecation" fraud (re-selling the same asset to many different people, each thinking they are the sole owner). https://caitlin-long.com/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/. See also: https://medium.com/swlh/3-powerful-ways-crypto-is-completely-going-to-transform-our-lives-6dd392ed8a2c. Andreas Antonopoulos on bankers as parasites on society: “Anti-Money Laundering (AML) and Know-Your-Customer (KYC) are misnomers. They are in fact, *licensing* schemes where rich, powerful and systemically important banks can money-launder with impunity, while preventing competition from smaller firms.” "The banking system, payments, finance are the biggest cartels in the world ... They own all of the the media channels, politicians, and laws; that makes it easy for them to get away with crimes. In fact, mega-crimes ... They robbed us blind, strip-mined the economy, had an orgy of fraud, and knew exactly what they were doing." See: https://www.youtube.com/watch?v=LgI0liAee4s&feature=youtu.be Is that also why 21 trillion of our tax dollars are now "missing" from the federal government? See: https://usawatchdog.com/missing-21-trillion-means-federal-government-is-lawless-dr-mark-skidmore/.
How did we lose control of our government? "Give me control of a nation's money and I care not who makes it's laws." - Mayer Amschel Bauer Rothschild (1744-1812), founder of the banking House of Rothschild. End of mystery: " ...the Rothschilds’ strategy of domination, which was based on the control of the central bank of a nation in order to dominate its economy and government. This was what they did in England, France, Germany and Austria, allowing them to expand their power over the rest of Europe and the world." See: https://havanaschooleng.blogspot.com/2011/02/cuban-conspiracy-five-rothschild-and.html. Rothschild's wife, Gutle Schnaper Rothschild: “If my sons did not want wars, there would be none.” Would invading aliens from outer space (or young souls, predatory animals in their previous life) behave any differently if they wanted a world of their own? Historically, during a village famine, the psychopaths literally became vampires, the last people standing. They also use inbreeding to perpetuate the bloodline, and abusing their children. See: Bloodlines of the Illuminati by Fritz Springmeier. Fourth U.S. President James "Father of the Constitution" Madison: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." We hope it is not as bad as these claims: https://www.davidicke.com/. All forms of predatory social chaos speed up the rate of bitcoin adoption: https://bitcoinist.com/doomsday-clock-nears-midnight-time-to-buy-bitcoin/.
See: Dr. Robert Hare's book, Snakes in Suits: When Psychopaths Go To Work, https://www.amazon.com/Snakes-Suits-When-Psychopaths-Work/dp/0061147893. For many psychopaths, lying to people's faces is great fun, in a vain attempt to satisfy their insatiable egos. Psychopaths (about 1 out of 100 people) cannot control their impulses, so we must control them; sociopaths: about 1 out of 20 people, but capable of a little remorse). At what age should psychopath identification education be mandatory? One theory is researching a paternal psychopath gene. To simplify, normal neural 'wiring' between the psychopath brain amygdala area and the prefrontal cortex is absent, leaving only the reptilian brain functional, as can be documented in a physiology laboratory. Just as Underwriter's Laboratories certifies a MAXIMUM safe current flow in an electrical appliance to avoid burning down the house, a medical laboratory should also certify MINIMUM neurological and blood flow in the brain of a U.S. Presidential candidate to avoid burning down the world. See the magnetic resonance imaging (MRI) of a normal vs. psychopathic brain; also: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4034374/. Brain scans of societal leaders should be published. Do not elect psychopaths. Their generational child abuse causes even more brain stress and "dim-wit" lesser enlightenment.
To see a list of bitcoin news online websites, click here: https://www.bitcoinmarketjournal.com/cryptocurrency-news-websites/. Antonopoulos: “We are looking at a new world in which three forces are going to be competing. Money of the people, money of the state, and money of the corporations.” U.S. Congressman Patrick McHenry on bitcoin: "The world that Satoshi Nakamoto envisioned and others are building is an unstoppable force.” In an interview with CNBC’s “Squawk Box”, McHenry stated bitcoin cannot be killed. “We should not attempt to deter this innovation; governments cannot stop this innovation, and those that have tried have already failed.” Also: https://bitcoinist.com/banking-committee-chairman-crapo-us-couldnt-ban-bitcoin/. Coinbase CEO Brian Armstrong reacts to President Trump's bitcoin comments: “Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. ‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step 3 ..."(Ghandi quote). See also: Bitcoin attorney, investor, and consultant Meltem Demirors: "Regulators are *always* going to use centralized intermediaries like exchanges to tax, pressure, and track bitcoin users. That's why non-custodial wallets and services are critical. Remove intermediaries. Remove choke points. Remove the ability to coerce and control." See her congressional testimony: https://www.youtube.com/watch?v=uxhS8Bdddak. Michael J. Casey,chairman of CoinDesk’s advisory board and a senior adviser for blockchain research at MIT’s Digital Currency Initiative, states: ‘… a global regulatory backlash can’t kill the censorship-resistant bitcoin, the “Honeybadger of money.” [Unlike other animals who tire after a few minutes of combat, the fearless honey badger can engage in mortal combat for up to eight hours, a full day's work.] See also: https://bitcoinist.com/andrew-yang-2020-president-bitcoin/, Andrew Yang, former U.S. 2020 Presidential candidate, also endorses bitcoin. Yang states digital currency cannot be stopped, even if government tries. "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is (...) introduce something that they can't stop." F. Hayek (1984) @BTCMacro: "$1.1b worth of $BTC were just moved for a fee of $0.69. No bank or third party had to approve the transaction, and no Government could've stopped the transfer. Bitcoin is literally a Swiss bank account in your pocket! See: https://www.newsbtc.com/2020/04/11/1-billion-worth-bitcoin-moved-for-less-than-a-cup-of-coffee/
On May 16, 2011, @GregSchoen wrote: "I wish I had kept my 1,700 BTC @ $0.06 instead of selling them at $0.30, now that they’re $8.00!" In early August 2019, with the bitcoin price near $10,000, a Goldman Sachs Bank technical analyst suggested to its institutional investors that now is a good time to buy bitcoin. "Eighty percent of shopping is done by women. Why do they use a credit card and pay 2.5% to 4% of the purchase price as a fee to the banks, when they can pay almost 0% in fees by paying with bitcoin?" -- Tim Draper. Improvement: https://cointelegraph.com/news/the-number-of-women-in-crypto-has-exploded-in-q1-2020. Also, see: https://www.500headlinesaboutbitcoin.com/ @kenisajerk So, if you want bitcoin buying help, what bitcoin owner do you know and trust who will assist you? Regain your freedom.
For further information, see Jameson Lopp's online bitcoin library: https://www.lopp.net/bitcoin-information.html. Another scholarly article: https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1. Regarding ongoing bitcoin research, see this (11 minute read) article: https://medium.com/digitalassetresearch/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14.
Author: Kingsley McConnell is a former stockbroker principal and investment adviser, commodity trading adviser, educator, and retired career U.S. federal employee; BA, political science; BA, education; MA in interdisciplinary studies. The government regulations, investor ID requirements, security, and liability issues do not warrant my offering managed accounts at this time. A popular idea is to dollar cost average with once per week or per month buys, for example. 'Businessmen's risk' commonly means use only speculation funds which if completely lost, will not affect your life style. Seek advice if need be.
Bitcoin, the worldwide digital currency of the future, is a tool to help achieve justice in society. As a practical matter, it will be easier to have peace on earth with one world government that is designed to enable the greatest good, to the greatest number, in the shortest time. We the People need to educate our leaders that we want that which is best for us. Then the many can prosper along with the few. Nothing is stronger than an idea whose time has come. Knowledge is power. Fairness and justice are the inherent ideals and goals of one world government. In his book The Republic, Plato specified that social science specialists, the governors, philosopher kings, were alone qualified to administer social justice. They were to be trained to know “the Good,” the enlightenment state as discussed in Plato’s "Allegory of the Cave." The absence of compliance with natural law is anarchy. The more conformity with the laws of nature, the less bureaucratic government needed.
Financial well being often facilitates more free time for Self development. Throughout Nature, structure dictates function, so improve the brain structure to improve the brain function. For consciousness based education, see: https://www.miu.edu regarding using all of the brain structure potential to use all of the potential mind function; also: https://tm.org.
To quote Albert Einstein: "You cannot solve a problem from the same consciousness that created it." Know thy Self, remember home, the kingdom of heaven within: pure consciousness. Enjoy variety, adore divinity. Perhaps instead of cursing the darkness, we should switch on the light. "Knowledge is structured in consciousness."
Looking on the bright side of spirituality, like a solar flare God boomerangs a piece of Self saying: “Now find your way back and we will call it bliss.” Transcend to enjoy!
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Per design, only 21 million of bitcoin will be 'mined,' and 18 million of it already has been produced, about 85%. Thus, the scarcity factor: unlike fiat currencies, bitcoin is effectively not subject to significant inflation. Only 1 out of every 5,000 people will ever own 1 or more bitcoin(s). Also: “If you own 1 $BTC, you are mathematically guaranteed to be top 3/1000 richest in the world, in BTC terms. (21m / 7B). (@cz_binance) August 25, 2019." Approximately 1,000 bitcoin addresses own about 35% of the total bitcoin in circulation. See also: https://usethebitcoin.com/top-10-richest-bitcoin-owners/. According to bitcoinist.com, only 732,000 bitcoin addresses own at least 1 BTC. However, possibly four million bitcoins from the early days may have been lost such as forgotten on hard drives that were discarded, and if so, a maximum of only 17 million of bitcoins would ever exist. See: http://fortune.com/2017/11/25/lost-bitcoins/. Also, the number of BTC rewarding 'miner's' efforts was cut in half in July 2016, and will again in about May, 2020. The scarcity reminder helps increase BTC prices. Meanwhile, bitcoin is accepted for payment by some major corporations, like Expedia, Subway and Newegg. Major retailers like Amazon’s Whole Foods, Nordstrom, Regal Cinemas, Barnes & Noble, Bed Bath & Beyond, Lowe’s, Office Depot, Baskin Robbins, and GameStop will enable payment by bitcoin by the smartphone scan application called Spedn. Russia's largest online retailer, Ulmart, now accepts bitcoin (twelve percent of Russians say digital currencies are their main source of income). A primary competitor to the U.S. Postal Service, United Parcel Service (UPS), may soon accept BTC for payments. For a longer list, see: https://finance.yahoo.com/news/companies-accepts-bitcoin-list-updated-121556260.html
According to John Deters, chief strategy officer of the Chicago Board Options Exchange (CBOE): "Bitcoin has now evolved to a point that its utility as both a payment vehicle and a store of value is clear, while the overall popularity of digital assets has proven to be pretty resilient." In December 2017, as bitcoin peaked at an intra-day dollar price of approximately $20,000, the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) began trading bitcoin futures contracts. As expected (?), the first thing the institutional traders do is sell BTC short. If not long term committed, maybe weak hands should not be heavily invested in Bitcoin. The CBOE, with partners Van Eck and SolidX have applied to the SEC to allow a bitcoin exchange traded fund, (ETF). SEC Commissioner Robert J. Jackson Jr. states that an SEC-approved Bitcoin ETF is inevitable; in 2020?
Bitcoin's prices are not immune from politics. The U.S. Commodity Futures Trading Commission (CFTC) has announced that bitcoin is a commodity. Although BTC is referred to as a commodity, and as a currency, bitcoin is not, in and of itself, a commodity futures contract according to the National Futures Association, and the Securities and Exchange Commission (SEC) states BTC is a commodity. The CFTC Commissioner has stated that there is an explosion of interest in digital currency, and BTC will probably cost Wall Street a lot of job losses. Bankers are obsolete, failing to change their business model from maximizing profits at any, and every, cost. Bitcoin will now provide services in volume to the many, like 3 billion under-banked people. This author believes it is an act of patriotism and spirituality to invest in bitcoin. Bitcoin use combined with micro-finance, government subsidized smart phones, and free internet access, could help alleviate poverty worldwide. Bill Gates predicts that over the next five years “... digital money will catch on in India and parts of Africa and help the poorest a lot over the next five years." India now allows legal bitcoin trading. Bitcoin is legal almost everywhere, see: https://www.coinstaker.com/cryptocurrency-legal-status/
Meanwhile the banks are investigating how they can profit from the digital currency ideas, such as adopting the block chain for banking services and accounting. A group called R3, comprised of over seventy of the world's biggest financial institutions has been researching ways to harness the speed, accuracy and efficiency afforded by the blockchain. In early 2018 their preferred digital currency appears to be 'ripple', centralized in the Ripple Labs corporation. With 100 billion ripple originally created, with the largest (nefarious) 'pre-mine' of any digital coin, gifting themselves control of 60 billion coins (centralization BAD), with only 38 billion circulating? And Ripple Labs can shut down any account at will, or the whole network? Some critics warn this setup increases the risk of "pump-and-dump" losses. Andreas Antonopoulos states that the blockchain is nothing but a slow database. It is bitcoin that is all important, not the blockchain infrastructure. He states: “Your keys – your Bitcoin; not your keys – not your Bitcoin.” Antonopoulos is not keen on BTC ETFs (exchange traded funds) due to privacy and control compromises ETFs would mean for investors. Still, the larger banksters are in denial, trying to remain relevant by extolling the blockchain supremacy over their nemesis, bitcoin. See: https://news.bitcoin.com/90-of-corporate-blockchain-pilots-will-never-materialize-researchers-say/. Meanwhile, Goldman Sachs bank is investing $ 59 million in BitGo, a digital currency custody firm that is government regulated. Major investment firm Kohlberg, Kravis & Roberts (KKR) buys bitcoin. Also: https://www.coindesk.com/60-latin-american-banks-can-now-use-bitcoin-for-cross-border-payments. "Do your own research" really just means no investment advice is given here.
Here is a statement from the New York state department of financial security: "It is in the long-term interest of the virtual currency industry to put in place appropriate guardrails that protect consumers, root out illegal activity, and safeguard our national security." As of 2015 in New York state there is now a $5,000 license fee to operate a digital currency business, a money transmitter license. However, Kansas, Illinois, New Hampshire, Tennessee, Texas and Wyoming have enacted laws that exempt some digital currencies from money transmitter licenses. Can the banks compete? Not in the long run, given the elegant simplicity of bitcoin. As the very young bitcoin 'geek' said to the banker: "You can't stop us!" See also: https://bitcoinist.com/bankers-know-they-cant-stop-bitcoin-says-max-keiser/. Bankers oppose bitcoin because there is no need for bankers, or their thefts, warmongering, and drug trafficking. As banker (and thus government) opposition to digital currency is overridden, just as digital photography replaced film photography, and email replaced much of paper mail, the volume of bitcoin transactions will increase, and volatility will drop. Technology marches on. Not even bankers can stop the rising tide. Former Ohio State Treasurer Josh Mandel says bitcoin is a currency, and hopes other states will agree. Wyoming State Representative Tyler Lindholm went on an interview on CNBC television to promote Wyoming as a welcoming destination for crypto businesses. He explained that if you mine bitcoin there is now no longer a property tax, no income tax and no corporate tax. In spite of heavy opposition from the banker lobby (no surprises) Wyoming easily passed a law allowing institutions to offer financial services using bitcoin. Wyoming has passed a law giving direct property rights to cryptocurrency holders, making it even harder for the state and federal government to confiscate your bitcoin.
One fear is that of money laundering and using bitcoin to facilitate crime, terrorism, etc. due to it's pseudo-quasi-anonymous nature. It is not terrorists using digital currency for such crimes, it is mostly the banks. “Fiat Money Outpaces Bitcoin 800:1 for Money Laundering”. https://www.ccn.com/news/fiat-money-outpaces-bitcoin-by-8001-for-nefarious-activities-report/2019/07/21/. “Digital currencies are much cheaper in circulation than traditional fiat money, promote trade, increase transaction transparency and reduce the risks of money laundering and tax evasion.” -- the People's Bank of China. Antonopoulos: "Just because terrorists wear shoes, we do not ban the shoe industry."
The European Union has internal debate on whether it can regulate bitcoin at all, and has legally designated bitcoin as a currency that is exempt from value-added taxation. The Japanese bitcoin trading volume is fast increasing. One Japanese company offers bitcoin paychecks. Japan's largest BTC exchange is bitFlyer, now in the U.S: https://bitflyer.jp/en/. In 2019 most bitcoins are bought using the Japanese yen, followed by U.S. dollars, and S. Korean won. See: “Japan’s Financial Services Agency Loves Bitcoin and Lightning Network,” https://bitcoinist.com/japan-the-global-leader-in-bitcoin-and-lightning-network-adoption/. About 11% of Japanese own bitcoin, and 10% of Americans. One third of S. Korean workers own bitcoin, comprising 30% of total cryptocurrency trading globally. Their popular anger stopped government threats to ban bitcoin trading. Large Chinese bitcoin exchanges are now moving to S. Korea, Hong Kong, Japan, etcetera. Singapore and Thailand have approved bitcoin trading.
When the Mt. Gox bitcoin exchange in Japan reported $480 million dollars worth of missing bitcoins (650,000 BTC) due to hacking, the exchange filed for bankruptcy. That hacking triggered the bitcoin price plunge from about $1,163 intra-day high in November 2013 to the January 2015 intra-day low of about $152 (per Bitstamp). Was that $152 intra-day low price the "despair" low point, therefore the bitcoin market bottom? Evidence suggests the Mt. Gox trustee Nobuaki Kobayashi has subsequently ignored the advice of Kraken.com CEO Jesse Powell, as well as reversed his own prior promises, and instead dumped thousands of bitcoins on the open market, thereby depressing the price. Self dealing (short selling?) market manipulation? Now in civil rehabilitation, creditors will be paid bitcoin. Regardless, long term bitcoin holders are patient. See: https://blockonomi.com/mt-gox-hack/ . Fundstrat Global Advisors’ Tom Lee states Mt. Gox selling is a short term concern, and does not change the positive long term fundamentals.
Ray Dalio is the founder the world's best and largest hedge fund, Bridgewater Associates, with over $160 billion in assets under management. (It is interesting that he and all 1,700 of his employees practice Transcendental Meditation®.) See: http://www.tm.org. Dalio recommends gold investing, before the debt load implodes. "We are headed into a Great Depression." See: https://finance.yahoo.com/news/ray-dalio-there-is-a-big-squeeze-coming-202511228.html. Is the U.S. total debt 73 trillion dollars, therefore not payable? See: https://www.rt.com/business/457603-us-soaring-debt-per-head/ OR, is the real U.S. debt a $400 trillion HOLE? See: https://www.rt.com/business/468658-us-debt-report-economy/. Also: https://www.rt.com/business/477912-global-debt-skyrocketing-horrible-times/. Billionaire Bill Gross, manager of the $1.5 billion Janus Global Unconstrained Bond Fund, states our financial system is like a "truckload of nitro glycerin on a bumpy road." See also: https://www.rt.com/shows/keiser-report/479457-dethroning-us-dollar-debt-weaponization/. Morgan Stanley Bank recently published a report calling bitcoin “a gold mine for institutional investors.” Also good for individuals, presumably. "He who owns the bitcoins makes the rules"? “Bitcoin Price Hits $10,320 as Fed Chairman Confirms Crypto Is a Threat to U.S. Dollar,” coinspeaker.com.
JP Morgan Chase Bank CEO Jamie Dimon sometimes announces bitcoin is a bubble, fraud, etcetera; then his bank buys bitcoin at lower prices upon the resulting selloff (Dimon's daughter is a bitcoin buyer, and he admits the price may go to $100,000). One EU jurisdiction has Dimon under criminal investigation for market manipulation: https://www.thestreet.com/story/14322661/1/jp-morgan-ceo-jamie-dimon-bitcoin-market-abuse-swedish-firm.html. However, in March 2018 Dimon reversed course and obeyed federal law, in the bank's "full disclosure" report to the SEC and potential bank investors, stating bitcoin was a threat to the bank's business model (e.g., could put the bank out of business). Likewise, the Bank of America made a similar statement. Since 2010, JP Morgan Bank has paid fines of $28.7 billion for financial crimes like predatory lending and mortgage fraud resulting in the economic crash of 2008. Bankster-victimized homeowners cannot apply for those funds, which are mostly divided among the whistleblower, federal agencies, and the military (appointee salaries?). See: http://graphics.wsj.com/bank-fines-where-did-the-money-go/#secondStory. Also, have U.S. federal “3 letter” agency employees hacked bitcoins, gifting them to friends like they were candy? Also: "A judge called Serageldin’s conduct 'a small piece of an overall evil climate within the bank and with many other banks.' And yet no one from any other bank or mortgage company that melted down — including Lehman Brothers, Washington Mutual, AIG, IndyMac and Countrywide, to name but a few — ever went to prison for that 'evil.' No one. In 2012, the Treasury Department estimated the total lost household wealth at $19.2 trillion." See: https://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html. In December 2017 allegations arise against several such large banks for ongoing money laundering of human trafficking, drug trafficking, and terrorist armaments money. Fewer bankster warmongers = fewer terrorists? See: http://www.nytimes.com/2013/01/03/opinion/how-bankers-help-drug-traffickers-and-terrorists.html. Also: https://news.bitcoin.com/government-funded-drug-trafficking-makes-usd-the-worlds-dirtiest-currency/. And: https://news.bitcoin.com/big-banks-money-laundering-ubs-fined-danske-shuts-down/, also: https://news.bitcoin.com/how-the-worlds-leading-banks-help-launder-2-trillion-a-year/ and: “Anti-Bitcoin Banks Paid Over $243 Billion in Criminal Fines Since the Financial Crisis," see: https://bitcoinist.com/bank-fines-243-billion-bitcoin/.
Max Keiser replies: "To say bitcoin is fraudulent would be like saying gold is fraudulent. Some might say this, but no rational person would agree." John McAfee replies to JPMorgan CEO Dimon: "It costs $1000 to mine 1 bitcoin. (Now much higher). What does it cost to print US dollar? which one is the fraud?" #bitcoinpic.twitter.com/SyWzaEOzhS Meanwhile, Wall Street wants in on the bitcoin profits. See: https://news.bitcoin.com/first-soros-now-rockefellers-move-into-cryptocurrency/.
John McAfee @officialmcafee (Twitter): "We are in a revolution against the waning power of governments and bankers. Their only weapon is sowing fear. If you give into that fear, then it impedes and delays our inevitable victory. Cryptocurrencies are not crashing. They are bending against the impotent wind of the past." News articles have declared bitcon “dead,” 380 times, yet its economic fundamentals get stronger every day. See: https://99bitcoins.com/bitcoin-obituaries/ Historically it has had several profit taking selloffs in price, from which it has always made historic bull runs, growth spurts.
Keiser continues: "US dollar, stocks, bonds, and property are all in bubbles. Bitcoin (and gold) are underpriced vs. these other assets that are in bubbles. Bitcoins are very cheap vs. government bonds - that are trading at multi-hundred-year highs - for example." Economist and Bitcoin Foundation founding director Jon Matonis states : “To the people who say bitcoin's a bubble, I would say bitcoin is the pin that's going to pop the bubble… The bubble is the insane bond markets and the fake equity markets that are propped up by the central banks. Those are the bubbles.” New York University’s “Dean of Valuation,” Aswath Damodaran, asserts that Bitcoin is a true currency and not a fraud, and bitcoin supersedes gold as a store of value: http://www.coindesk.com/people-trust-cryptocurrencies-gold-says-wall-street-dean-valuation. Saifedean Ammous: "Bitcoin is the most advanced and best form of money ever invented." “Ten years ago today, 5,050 btc were sold for $5.02 in the first market transaction for bitcoin. Today, they'd be worth $42,171,792.50. A rise of 838,078,685%.” @saifedean Oct 12, 2019. Historically, no other investment vehicle comes close to bitcoin's performance. Read his The Bitcoin Standard textbook: https://www.goodreads.com/book/show/36448501-the-bitcoin-standard. Bitcoin Standard quotes: https://twitter.com/ydemombynes/status/985560599248756736. “Bitcoin’s real cost is in hardware & electricity needed to run the network. Fiat’s (paper money) real cost is the hundreds of millions of deaths at the hands of governments made omnipotent by inflation.” Bitcoin fixes this.
Bitcoin's popularity around the world is rising, with more and more businesses accepting the currency. Approximately 260,000 Japanese food establishments and retail locations are currently accepting bitcoin as payment for goods and services. Over 1,500 restaurants in Denmark accept bitcoin payment. Bitcoin automatic teller machines (ATMs, or BTMs?) are now cropping up in some countries, and about 38% are two-way, accepting both the national currency to buy bitcoins, and accept bitcoins to get cash. The U.S. has about 2,355 BTMs as of November, 2018; with about 7,000 worldwide, 75 countries. In the U.S., "You'll Soon Be Able To Buy Bitcoin at the Grocery Store." See: http://fortune.com/2019/01/18/buy-bitcoin-grocery-store-coinstar/, and: https://www.coindesk.com/2000-more-us-grocery-stores-enable-bitcoin-buying-at-coinstar-machines. Every train station in Switzerland has a BTM, and soon, every Austrian post office. Bitcoin is payment for public transportation in 37 Argentine cities. Australians can now buy bitcoins in their post offices, and 1,200 newsstands throughout the country. All 10,000 French tobacco shops can sell bitcoin in 2019; also: https://oracletimes.com/bitcoin-payment-to-be-accepted-at-over-25000-major-retail-stores-in-france/, and 7-Eleven stores in the Philipinnes. See: https://www.rt.com/business/419158-switzerland-embraces-bitcoin-cryptocurrencies-ico/ Click here to find a bitcoin ATM near you: https://coinatmradar.com/bitcoin-atm-near-me/. Courtesy of Liberty-X ATM machines, soon the public can buy bitcoin using cash at 20,000 7/11, CVS, and Rite-Aid stores. See bitcoin prices in various countries: https://www.bitcoinpricemap.com/. An ETF (exchange traded fund) example is a security that trades in a basket of securities, or in a commodity, or index thereof, tracking the price, such as a stock or bond mutual fund, corn, gold, or oil, etc. An application for an ETF by Cameron and Tyler Winklevoss (the same twins who originated the Facebook idea), was denied twice. Although centralized, such an ETF should bring substantially more institutional money into buying bitcoin, and thus a bullish price rally. According to Cameron Winklevoss's forecast, bitcoin’s price could someday grow to as much as $340,000 with a market cap of $7 trillion. “Bitcoin is the first time in the history of the world that people have reached peaceful agreement around billions of dollars in economic value.” @tylerwinklevoss The twins' Gemini bitcoin exchange deserves a look regarding security of digital currency, as they offer qualified insurance, but government regulation trumps privacy. For security, bitcoin exchanges hold the majority of currency offline in 'cold storage.'
Magester Advisors released their research that suggested bitcoin would be the world's sixth largest reserve currency by 2030. If so, how much would each bitcoin be worth? Ronnie Moas of Standpoint Research states that "... a fraction of the world’s $200 trillion in stocks, bonds, gold, and cash will eventually make its way into bitcoin and other cryptocurrencies over the next 10 years. Moas thinks cryptos will be used as a payment system in emerging economies, and a store of value elsewhere. Cryptocurrencies then establish themselves as an asset class that mainstream investment advisers pitch to clients, he says. This scenario takes bitcoin’s market value from $225 billion today to $1 trillion. Overall, he believes cryptocurrencies will reach $2 trillion as they go to 4% of global investment assets', Moas says." The Ronnie Moas end of 2019 BTC price prediction: $28,000. "The Bitcoin industry and cryptocurrency market are growing at an exponential rate and if such growth rate can be sustained in the mid to long-term, the market cap of Bitcoin will be able to break the $1 trillion mark." See: http://www.newsbtc.com/2017/10/18/bitcoin-much-better-fiat-says-billionaire-investor-tim-draper/. Also: (Twitter) @RonnieMoas: "I dont care if bitcoin is not the fastest or cheapest. I'm buying & holding something that 300 mln people will be trying to get their hands on two years from now & there will only be a few mln available for sale. That mind-boggling supply/demand imbalance will drive $BTC to $100K." IBM (International Business Machines) blockchain leader Jesse Lund states bitcoin will be worth $1 million: https://cointelegraph.com/news/bitcoin-will-hit-1-million-says-ibms-vp-of-blockchain-jesse-lund.
If you buy even just one bitcoin for all cash now, or even a fraction of a bitcoin, like .01, for a long term holding, be sure to list it in your last will and testament. Perhaps reference a safety deposit box number? Clues in your will to find hidden treasure?
The National Association of Securities Dealers Automated Quotations (NASDAQ), the world's second largest stock market after the New York Stock Exchange, has prototype software for securities transactions that uses the bitcoin blockchain technology. Currently, a stock purchase or sale takes two business days to close, besides the next step of actually transferring the funds. Using the blockchain technology, both steps occur immediately, and the data is, itself, the money. The Governor of China's Central Bank, Zhou Xiaochuan has stated that digital currencies will inevitably replace cash. Some countries are working on their own digital currencies. However, read this great article regarding bitcoin's superiority over the central banks' digital currency attempts: http://www.coindesk.com/central-bank-fail-digital-currency/ . Officials at the Swiss National Bank confirm that private digital currency like bitcoin is superior to any attempt by any national bank to create their own digital currency. The head of Germany’s central bank, Jens Weidmann, states that central bank digital currencies could weaken financial systems and make bank runs faster, and worse. In 2018 Russian President Vladimir Putin agreed: 'By definition, neither Russia, nor any other country can have their own crypto ... cryptocurrency goes beyond national borders.' One year later: https://www.coindesk.com/russias-largest-bank-is-quitting-central-banks-blockchain-project. Vladislav Ginko of the Russian Presidential Academy of National Economy and Public Administration: "US sanctions may be mitigated only through Bitcoin use. Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins. The central bank of Russia sits on $466 billion of reserves and has to diversify..." US sanctions were imposed in 2014, and as of April 2019 the Russian ruble is down 100 percent against the dollar. Bitcoin, on the other hand, is up 1000 percent against the USD during the same period.
In early 2015 one friend was considering a long term holding of bitcoin, so I suggested he use 'dollar cost averaging' (scaling in purchases) to accumulate a position. See: https://medium.com/@homeytel/dollar-cost-averaging-update-ae81204ae272. For example, he could make first of the month (cash) purchases of bitcoin between $200 and $300 per bitcoin, and those prices were available in 2015. He might never get the exact low price, but overall he might have an average cost of approximately $250 per bitcoin. If the price went back up to the "old" intra-day high (http://www.bitstamp.net exchange) of $1,145 per bitcoin, he would be a happy investor. Technical chart analysts love the idea of the price 'returning to the old high', the 'all time high' or ATH. Given the price surge In November 2017, I advised him that one profit taking idea is to sell when the daily price goes below the previous week's low, i.e., at sell stop order at $14,676, which was hit on 12/21/2017. See the weekly BTC price chart showing the Relative Strength Index (RSI) values: 90.22 on the week ending 12/16/2017; and 28.91 on the week beginning 12/09/2018.
Once in your bitcoin account, sending BTC is as simple as copying and pasting the send-to address window provided, such as my favorite bitcoin address: 3AVP4AFmMD7rqJpRHxD7XJSCv5E5Cb6wrH (thanks for the donation) then enter the amount in fractions (decimals) of a bitcoin, such as .01, or 1 or more bitcoins, then click send. Or, spend (buying) is similar. Or transfer between your own bitcoin addresses. Done. It is as easy as text messaging on a cellphone. It is similar to online banking, moving dollars from checking to savings, etc. Some people have said it is as easy as sending an email. See also: http://www.bitcoin.org.
The European Union has fully licensed the bitcoin exchange http://www.bitstamp.net, effective July, 2016. No "seminar" or "webinar" is needed to open a bitcoin account, just log onto an exchange site and complete the sign-up instructions. Such exchanges offer trading and spot market investing for cash. Bitstamp also provides cashing in your bitcoins for currency or gold coins.
This model below is reportedly based on the stock-to-flow ratio, which compares the amount of a commodity in circulation divided by the amount that is produced on a yearly basis. “The Stock to flow model … the best valuation model for Bitcoin so far… implies that Bitcoin will be worth between $50,000 and $100,000 from May 2020.” (see Plan B @100trillionUSD on Twitter). Hear this podcast from PlanB regarding the potential of bitcoin: https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489?i=1000449815348. His more comprehensive analysis: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25. A bitcoin stock- to-flow chart live update: https://digitalik.net/btc/. 01/19/2020: https://bitcoinist.com/planb-s2f-reasserts-bitcoin-price-forecaster
Another popular bitcoin exchange is http://www.kraken.com, in San Francisco since 2011. It is entrusted by Japan as the trustee for the Mt. Gox claims, and has been given a top score for security. See "Bitcoin 101" by Kraken.com CEO Jesse Powell: https://www.youtube.com/watch?v=iG-bpAnRvqM.
BTC investor Roger Ver states: "We all wish we could have invested in Bitcoin when it was worth 10 or 25 cents per coin, as it is now worth $370/bitcoin (as of 9 Feb 2016). $100 investment at 25 cents/bitcoin would be a handsome $148,000 today. So, is it too late to invest in Bitcoin? I don’t know–is it too late to get involved in the internet?"
With growing acceptance of cryptocurrencies in Germany (Germany legally recognizes bitcoin as a legitimate financial instrument, a medium of exchange), as well as in Asian countries like Japan and Singapore, the banking industry will be forced to keep pace with the new financial technology world. Germans can now buy bitcoin just like buying stocks. Consider a recent (June 30, 2017) statement by Antony Jenkins, the former CEO of Barclay's Bank, quoted from bitcoin.com: "This is just in the footprints of what's going to happen here. As these technologies season and develop, we can imagine total transformation of the banking system, using Blockchain for example, in a world where banks don't really exist anymore." See also: https://www.cryptocoinsnews.com/lending-app-micromoney-aims-to-bring-2-billion-unbanked. The popularity of virtual currencies is undeniable, which means that even if these bigger institutions aren’t interested, others most definitely are. President of the Crypto Valley Association in Switzerland, Oliver Bussmann, has said that “more and more bankers are coming in,” hoping to capitalize on the lucrative gap left by their larger counterparts. See: http://bitcoinist.com/europe-small-banks-crypto-big-banks/.
Tom Lee of Fundstrat Global Advisors makes a sophisticated case for a $10,000,000 bitcoin price in 2029. Click this YouTube link: https://www.youtube.com/watch?v=GGberGnxiJk&feature=youtu.be. In the 2018 bear market, Lee believes the bitcoin price bottomed out in 2018 near $3,200. At a bitcoin price of, let's say, $3,500; .01 bitcoin (BTC) would basically only cost $35.00. The smallest bitcoin price unit is one Satoshi, .00000001 bitcoin, and one bitcoin = 100,000,000 Satoshis, so at a $1,000,000 BTC price, 1 Satoshi = $.01; Click here to see: https://satoshitobitcoin.co/. As of August 2019, one Satoshi, is worth more than seven different national currencies. Bitcoin will replace hyper-inflated fiat currency.
Thomas Huber, a member of the Chair of Entrepreneurial Risks at the Department of Management, Technology and Economics at ETH Zurich university, states: "Bitcoin is currently the only viable candidate for a non-sovereign store of value, but it seems that it's still massively underpriced.… traditional investors have ‘missed’ some of the principle advantages Bitcoin offers — namely, a ‘secure, decentralized, and censorship-resistant’ payment protocol which constitutes the ‘reinvention of money.’ “ 07/26/2018 See: https://bitcoinist.com/bitcoin-value-proposition-underpriced/. Michael Novogratz (@novogratz): "Bitcoin is going to be digital gold, it is going to be a place where you have sovereign money." In a May 8, 2019 interview Mike Novogratz stated bitcoin was in a bull market, on track to revisit the $20,000 all time high by the end of 2020. Also: https://www.cnbc.com/2019/05/24/former-hedge-fund-manager-michael-novogratz-says-america-needs-redistribution-of-wealth.html
Tim Draper predicts the total market capitalization for cryptocurrencies will reach a whopping $80 trillion by 2023. Courtesy of the Lightning Network, ‘Everyone’ Will Buy Coffee With Bitcoin In 2021." See also: https://thebitcoinnews.com/relax-the-next-rally-will-be-bigger-than-you-can-ever-imagine/. “This is the beginning of one of the most amazing sociological changes in the history of the world. We are in for one of the biggest transformation moments and it is happening in the next five to ten years." https://cointelegraph.com/press-releases/tim-draper-and-alex-mashinskys-message-for-singapore-at-world-blockchain-summit.
The CEO of both Twitter and payment service Square, Jack Dorsey, believes Bitcoin will become the world's, and internet's, single future currency. He states bitcoin will replace the U.S. dollar within 10 years. See: https://www.forbes.com/sites/billybambrough/2019/12/01/jack-dorseys-future-defining-plan-to-bring-bitcoin-to-12-billion-people/#36dbabd64f6f. Also: https://www.newsbtc.com/2019/02/12/researcher-bitcoin-lightning-on-square-could-be-bigger-than-crypto-etf-bakkt-combined/ Coinbase CEO Brian Armstrong agrees, and pays employees' salaries in dollars or bitcoin. New Zealand federal law gives guidelines on how to pay employees in bitcoin. One survey in Lebanon indicates over 57% of Lebanese people prefer their salaries paid in bitcoin.
U.S. Commodity Futures Trading Commissioner, Rostin Behnam states: “Cryptocurrencies will proliferate to every economy and every part of the planet. We are witnessing a technological revolution. Perhaps we are witnessing a modern miracle.” Chicago Mercantile Exchange CEO Terry Duffy describes bitcoin as a safe haven investment like gold.
Max Keiser: "Bitcoin is a gift from God to help humanity sort out the mess it has made with its money ... China, Russia, and Japan are buying bitcoin for their own sovereign wealth funds and strategic reserves." @maxkeiser: "I’m raising my official (bitcoin price) target for the first time in eight years, I’m raising it to $400,000.” Over 120,000 people in Moscow use bitcoin. Former Overstock.com CEO Patrick Byrne says bitcoin is “the most important change in 6,000 civilizations of technology." Nations as diverse as Japan and Ukraine legally recognize bitcoin as a currency. Apple.com co-founder Steve Wozniak has stated bitcoin is better than gold. From Fox News: "A single bitcoin could be worth $1 million in a few years, meanwhile bitcoin is saving lives in currency hyper-inflated Venezuela." See: https://bitcoinist.com/bitcoin-price-venezuela-doubling-18-days/. Also: https://www.rt.com/op-ed/450065-venezuela-us-control-resources/. And: https://bitcoinist.com/in-argentina-investors-flock-to-safe-haven-bitcoin/. See:https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/ (bitcoin creation). President Rouhini ordered bitcoin mining acceleration beyond Iran’s current 3% market share. Ukraine saw a sharp increase in bitcoin purchases in 2018. The World Gold Council claims Bitcoin could “… undermine the tools used by the Fed and other central banks to influence the economy.” (Thank God!) See: https://bitcoinist.com/world-gold-council-bitcoin-central-banks/. The Nobel Laureate Paul Krugman: “Gold is dead… Bitcoin has more utility than gold.” (Redemption of a fiat economist?) Google has added the Bitcoin “B” symbol to its keyboard for iPhone users. Apple has added the bitcoin ฿ symbol to its icon set. Microsoft products allow users to insert the cryptocurrency symbol, ₿, by typing 20BF plus ALT. Microsoft accepts payments in Bitcoin for media content on its Windows and Xbox stores. See also: https://www.wired.com/story/microsoft-wants-protect-identity-bitcoin/. AT&T accepts digital currency payments via BitPay. Time Magazine states bitcoin development should be a worldwide priority. Belarus President: "We will mine bitcoins and sell them." "Eventually every country will be miners." @APompliano.
The relatively new virtual, digital currency, bitcoin (BTC), is understood differently by different people. According to Wikipedia: "Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto." Click here for more Wiki information: https://en.bitcoin.it/wiki/Main_Page. (It is better that "Satoshi Nakamoto" remain anonymous). See these very short and simple explanations about bitcoin: https://www.youtube.com/playlist?list=PL1fKlftNZ_xFKDK8UuRmVH0IaZenRfh_P. See also: https://www.coindesk.com/author-jimmy-song-talks-about-the-little-bitcoin-book. Beware bitcoin.com, because it tries to sell bitcoin cash (bcash) as if it were bitcoin. For a simple 1 minute 37 seconds on YouTube explanation: https://bitcoin.org/en/ . Bitcoin is created by computer operations called "mining." Bitcoin ‘miners’ attempt to guess a sufficiently large number of zeroes correlating with next block, about every ten minutes, which concurrently processes pending bitcoin transactions on the blockchain network. Upon success, per block the miner(s) are currently paid 6.25 bitcoins, and bitcoin transaction fees. All bitcoin transactions must be confirmed at least three times by miners to be fully confirmed. Mining can be so profitable on a larger scale and bitcoin price that Samsung has entered the mining hardware manufacturing business. Tom Lee suggests a fair market value for bitcoin is about two and one half times the cost to mine one bitcoin. In July 2020 it cost about $6,250 for big mining operations to ‘mine’ one bitcoin, depending on the electricity cost and quality of the computer hardware that is used. Bitcoin “whales” own over 1000 bitcoins.
The bitcoin currency software is based upon "blockchain" database ledgers of the transactions, similarly your bank has computerized accounting records, debits and credits, transfers, correlating with the "infrastructure". The entire bitcoin transaction history can be downloaded onto your computer. Bitcoin is 'decentralized,' a basic element of freedom from bank and government middlemen and correlated corruption. Bitcoin prices are volatile, so invest what you can afford to lose.
Andreas M. Antonopoulos is one of the most respected bitcoin experts, thus he is a strategic international asset. Search YouTube for his videos. See his 2 minute videos: https://www.youtube.com/watch?v=1-XUbH1F0Os and also: https://www.youtube.com/watch?v=yhKIKB6cn6w. Just as you need not understand the action of electrons in your car's electrical system, you need not understand everything about bitcoin, or everything about its genius mathematical cryptographic software. The important thing is that the car gets you to your destination, the bitcoin payment system is working, and BTC is a store of value. Bitcoin may be the perfect currency when the transactions are almost instantaneous and free. See: https://www.bitcoinlightning.com. Also: https://www.youtube.com/watch?v=rrr_zPmEiME. Check out their payment processing application, Open Node. A small scale beta lightning network is working now, initially for small retail purchases, which only takes 5 seconds. @jimmysong: "The Lightning Network is Internet 2.0." Also, see a recent report by Forbes: https://www.forbes.com/sites/ktorpey/2019/01/23/bitcoin-lightning-network-payments-have-already-surpassed-all-altcoins-at-this-retailer/#5cce75223992. Twitter and Square CEO Jack Dorsey welcomes a Twitter/Bitcoin alliance with his participation in the Lightning Torch pay-it-forward operation. See https://bitcoinist.com/jack-dorsey-twitter-bitcoin-lightning-network/. As with ALL wallets, keep Lightning Network software updated. "With double the Bitcoin being sold to Square Cash app users alone than is unlocked by Bitcoin miners, the demand of Bitcoin will begin to greatly outweigh supply, and cause the value of the asset to set new all-time highs." See: https://www.newsbtc.com/2019/05/02/square-cash-app-bitcoin-supply/. Soon you can buy bitcoin using PayPal and Venmo.
Bitcoin is the original digital currency, and it's success has spawned a new industry which is sometimes generalized as digital currency, 'crypto' currency due to greater and lesser degrees of anonymity, privacy, and security; and virtual currency. The MIT works suggest the possibility that bitcoin alone will remain, by simply achieving the capabilities of all the other digital coins, also known as alternative (alt) coins. In the event the internet went down, bitcoin could be transacted by satellite or amateur radio. See: https://bitcoinist.com/bitcoin-can-never-be-banned-reasons/ Also: “Satellite broadcasts from geosynchronous orbit. Pay with the #LightningNetwork to broadcast any message or data.” @Blockstream
The bankers attempt to dissuade us from owning our new currency, bitcoin. Their tactics include implementing onerous government regulations against bitcoin, and selling it short. The Rothschild monopolized mainstream news media spreads fear, uncertainty and doubt (FUD) about bitcoin. See: https://humansarefree.com/2016/03/there-were-88-media-companies-now-there-are-6-all-get-their-news-from-rothschild.html. Those efforts are futile, because short term price drops simply increase the amount of bitcoin We the People can afford to buy. Regarding the limit of the effect of short selling on the price, see: https://cointelegraph.com/news/bitcoin-fixed-supply-means-futures-arent-a-threat-to-price-planb. Andreas Antonopoulos on threats to bitcoin: https://www.youtube.com/watch?v=JNVqXE2bSfE. As bankers realize they need to capitulate and buy bitcoin (the currency of the future), the higher the price goes, and the wealthier the bitcoin holders get. This redistribution of wealth is on autopilot, like a perpetual motion machine. The investment opportunity of a lifetime? Maybe; time will tell. Long term bitcoin holders are also patriotic. Bitcoin is a hedge against banker government.
Bitcoin and the digital revolution it has started is better demonstrated and experienced, rather than explained, starting with how to set up and use a "digital currency wallet" (like bitcoin). See a video demonstration, learn by viewing, and then by doing. Max Keiser mentions a more private way to buy bitcoin: “This little Azteco printer replaces Bitcoin ATMs ... Merchants anywhere in the world can easily sell Bitcoin. Swap your fiat for voucher-code that loads onto your wallet. Done. ”See: https://azte.co. Another bitcoin service: https://www.abra.com/ advertises Abra is the only app (smartphone software application) in the world that allows you to buy, store, and invest in 28 cryptocurrencies (why?) as well as in equities like stocks, all-in-one place securely. (But why sell bitcoin for stocks, etc?) The Opera mobile browser, Opera for Android, will enable users to buy cryptocurrencies directly on their smartphones. Heretofore, one of the most popular ways to buy, sell, and use bitcoins is the bitcoin exchange, with a 'wallet,' offered by various online bitcoin companies. See also: https://bitcoinist.com/best-bitcoin-wallet/ . See this 10 minute video on how to open a bitcoin wallet, buy bitcoin, and send it to someone else: https://www.youtube.com/watch?v=V4WMAPXuHVg
To start, exchanges usually require personal information, a 'selfie' picture of your ID such as a driver's license or passport held next to your face. Some bitcoin exchanges restrict purchases to $100 per week pending more and more "verification", like weeks of more small purchases, like when using VISA or Mastercard. Comparison shop exchanges to avoid such restrictions. See: https://insidebitcoins.com/cryptocurrency-exchanges, and: https://www.cryptocompare.com/external/research/exchange-ranking/. Some of the larger ones located in the U.S. include Kraken, Gemini, and Coinbase (Kraken is more in favor of customer privacy). Read the fine print to review security precautions (like 'cold storage') and see if an exchange insures bitcoin or cash deposits against hacking, and qualifying conditions. Avoid exchanges like Etoro if you want custody of your bitcoin, only cash can be withdrawn. Also, the few owners of Digfinex/Ifinex/Bitfinex/Tether/Crypto Capital are under (criminal?) investigation by the New York Attorney General for possible theft of $850 million of customer funds. See: https://steemit.com/cryptocurrency/@fortified/brock-pierce-or-is-billionaire-bitcoin-board-me,mber-founder-of-tether-and-alleged-pedophile-a-covert-cia-asset? Canadian BTC exchange QuadrigaCX is bankrupt and under criminal investigation. Upon depositing national currency (e.g. the dollar) type funds into the bitcoin exchange account, often by bank wire transfer, or bank to bank account transfer, you are ready to buy. If you are already convinced you want to buy bitcoins, even just .001, one way is to open a bitcoin account at an online exchange, get ID verified and approved. Fund the account, enter a bitcoin buy order, consider transferring it immediately to your hardware wallet, and HOLDING it for years. Just follow the instructions on the website to set up an account. Or if you want to sell bitcoins, check your own exchange or wallet service, regarding their fees to sell bitcoins and deliver the cash to your bank account, such as by wire transfer which may take a week. Bitpay.com critics suggest peer-to-peer payment processors in lieu of centralization which can censor payments. One example: https://btcpayserver.org/ : “Accepting Bitcoin Payments With 0% Fees & No Third-party. BTCPay Server is a self-hosted, open-source cryptocurrency payment processor. It's secure, private, censorship-resistant and free.” See BITCOIN TRANSFER below showing of a screen of BTC transfer between bitcoin addresses.
REASONS TO BUY:
Regarding the previous exponential acceleration of the price of bitcoin: http://www.altcointoday.com/bitcoin-capitalization-adds-1-bln-daily-industry-leaders-explain. See also the YouTube video: https://www.youtube.com/watch?v=-0kRLvpDBSY, "10 Reasons Bitcoin Price will Destroy All Time Highs in 2017". As you would expect, bitcoin value and thus bitcoin price are set by buyers and sellers in the bitcoin exchanges and other auction type markets. However, thin volume and short term trading on margin (using leverage) make for sloppy fill prices, thus more losses, about 90% of the time. At Kraken.com for example, per U.S. regulations, U.S. bitcoin traders are subject to automatic offset of a margin trade after only 28 days, whether profit or loss. An all cash buy and hold strategy seems preferable. Evidence suggests ninety percent of short term traders lose money, so amateurs should be wary of competing with high speed computers automated by multi-million dollar artificial intelligence investments. Novice people often get upset with long term holders for not telling them when to sell and take profits. Most people are not experienced short term traders, and do not know when to buy back in, also known as reinvestment risk. It opens a new level of risk, which usually results in losses. "Don't trade Bitcoin unless you want to spend 5-10 years learning through losing—it is extremely difficult, requires uncanny discipline, and the success rate is tiny." @breedlove22 It is safer and simpler to stick to the plan, a 5 year minimum holding period. On April 23, 2019 when bitcoin closed at $5,440, one news headline read: “Bitcoin [BTC] Price Prediction Today: Rising Wedge Pattern and Double-Top Patterns Spell Doom.” Two months later the price hit an intra-day high of $13,880. As of 07/30/2020 about 93% of long-term-hold ("hodler") bitcoin is profitable. Bitcoin is the best hedge against inflation. See: https://cointelegraph.com/news/us-printed-more-money-in-one-month-than-in-two-centuries.
Max Keiser of RT.com states: "It's impossible to overhype bitcoin. The way bitcoin is changing society is as profound as Gutenberg's printing press or Edison's light bulb". Keiser dismissed concerns about bitcoin hacking, saying the core bitcoin blockchain itself has never been hacked while being immutable. Mark Yusko of Morgan Creek Capital states even conservative pension funds are interested in buying bitcoin. "Researchers from a consulting firm and a pension fund make the case for institutional investments in cryptocurrencies. Example of asset allocation: 1.3% in BTC." See: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3082808. BitcoinIRA.com enables investors to hold bitcoins in their retirement accounts. See: https://bitcoinist.com/bitcoin-ira-processes-400m-in-transactions-since-launch/ See also: https://www.equities.com/news/the-case-for-bitcoin-in-your-retirement-portfolio, also: https://www.livebitcoinnews.com/bitwage-introduces-new-btc-based-401k-program/. "Pompliano advises investors to bet on BTC and have it in their portfolios. He claims that once central bankers acknowledge the fact that Bitcoin has a 'non-correlated, asymmetric upside profile', “every central bank will be buying BTC”. "ROCKET FUEL: They’re going to cut rates and print money right as we march towards the Bitcoin halving. Buckle up. This will be wild 🚀 pic.twitter.com/QotDXKTJRj — Pomp 🌪 (@APompliano) July 25, 2019. "Bitcoin's annual return: about 390% since first print $0.000633 in October 2009." @nic__carter. Various American universities such as Harvard, Yale, Stanford, Dartmouth, University of North Carolina, and MIT are invested in bitcoin. Bitcoin investors also include Facebook, IBM, NYSE, NASDAQ, Amazon, JPMorgan, Norwegian Air, and Starbucks. Abra CEO Bill Barhydt states that based upon his survey of big hedge fund managers and other institutional money managers, they will buy bitcoin this year (2020?) Then, ‘All hell will break loose.' Coinbase Custody is targeting $10 Billion in institutional funds for bitcoin investment, see: https://custody.coinbase.com/ , and also: https://gemini.com/institutions/ , and: https://xapo.com/institutions/ , and: https://www.ccn.com/nomura-unveils-institutional-grade-cryptoasset-custody-service/. The number of addresses with over 1,000 bitcoins has risen rapidly in 2019, indicating institutional buying. Also: https://news.bitcoin.com/nyse-owner-bitcoin-should-be-in-retirement-funds-credit-cards-retail-stores/ . See also: https://bitcoinist.com/bitcoin-could-make-credit-cards-obsolete. Also: https://www.infowars.com/jp-morgan-warns-dollar-could-lose-status-as-worlds-dominant-currency/. "40% of the world’s top 50 universities offer at least one class on blockchain or crypto assets." https://bitcoinist.com/stanford-offers-most-crypto-classes/ See also: https://www.cnbc.com/2018/02/07/bitcoin-education-at-high-schools-and-colleges.html. Twenty percent of all young U.S. adults now own bitcoin, and about 10 percent of Americans overall. See also: https://www.coinspeaker.com/france-bitcoin-high-school/. About 11 percent of South Africans own digital currency, which is double the worldwide average. Sixty million people own bitcoin, with one million new buyers per month. See also: https://oracletimes.com/25-million-americans-consider-investing-in-crypto/.
U.S. investment firm Fidelity, which administers over $7.2 trillion in client assets, has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release …. Fidelity reportedly already works with “over 13,000” institutional clients — to draw these actors into the emerging (digital currency) space. See: https://cointelegraph.com/news/investment-giant-fidelity-launches-digital-assets-services-targeting-institutional-investors. Fidelity states 22% of institutional Investors have some digital asset exposure. See also: “Bearish on Bitcoin? This Fidelity Research Will Turn You Into a Raging Bull.” https://finance.yahoo.com/news/bearish-bitcoin-fidelity-research-turn-190021115.html. Fidelity is so confident in bitcoin, it is entering the bitcoin mining business. Also: https://cointelegraph.com/news/bitcoin-price-can-reach-1-mln-cnbcs-jim-cramer.
HAPPY 11th YEAR BIRTHDAY, BITCOIN! Thanks, 'Satoshi Nakamoto', for your 'white paper,' which you copyrighted with bitcoin.org in 2008! On January 10, 2009 Hal Finney tweeted from @halfin: “Running Bitcoin.” Although not Satoshi himself, he was a co-developer; may he rest in peace.
Adam Back, Co-Founder/CEO of blockstream.com, was an early collaborator with Satoshi Nakamoto.
Thanks to Murad Mahmudov for the above Bitcoin Growth of Market Capitalization. See: https://twitter.com/MustStopMurad. And: https://cryptonews.com/news/50-positive-catalysts-on-bitcoin-s-horizon-by-murad-mahmudov-4652.htm.
or click: coindesk.com/price
"Bitcoin Stock-to-Flow Cross Asset Model (S2FX)". Looking at stock-to-flow, phase transitions, cluster analysis, silver and gold. -- PlanB, @100trillionUSD. PlanB’s S2FX model above predicts a minimum $288,000 bitcoin price reached some time in the years from 2020 through 2024. The 'PlanB' author admits this 'Stock 2Flow' model fails if the price of bitcoin is below $100,000 by December, 2021. He further predicts BTC to be worth $1 million in year 2025. “So in the league of statistical models that explain the price of bitcoin, the S2F model is the true winner until another model comes along that proves to be superior.” @BurgerCryptoAM See Sunny Decree’s explanation of PlanB’s Stock to Flow (S2FX) model: https://www.youtube.com/watch?v=p2zITxs-QJc. Raoul Pal: “This is what I saw in @100trillionUSD model when he first revealed it. It gives a great valuation for not only bitcoin but gold and silver too (and other similar assets). It's super powerful for relative valuations and outright valuations for all these assets. Amazing work.”
Once you have paid a small purchase fee, like .25%, subsequent transferring the BTC to a different account is electronic, and cheap. The SWIFT bank wire transfer of money can take from 2 to 10 days, depending on the situation, and cost between $20 and $65 U.S. dollars for small amounts. Transferring $100,000 could cost $4,000. Transfering bitcoin (when initiated from the wallet) only takes a few minutes in 2020, cost $2.50 in May 2020 to transfer $400,000,000 (see "the halving", below). As of June 8, 2020 bitcoin’s average transaction fee has dropped to about $1. The blockchain computer network needs to do the verifications. Price chart links: https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv and https://bitcoinwisdom.io/markets/bitstamp/btcusd. Also see https://tradingview.com. A table of current price activity of most of the major bitcoin markets: https://www.bitcoincharts.com/markets/. Also: https://coinmarketcap.com/coins/. Another popular platform: https://cryptowat.ch/assets/btc.
Scared money usually loses. Long term holders, sometimes misspelled as "hodlers," are not scared into selling. One poll suggests many bitcoin holders will not sell until the bitcoin price reaches $200,000. Long term holders may benefit by assigning someone else to report the annual bitcoin closing price thereby minimizing the fetish of keeping daily track of it, which can lead to selling before the recommended minimum 5 year holding term. The issue is not whether the price has doubled or halved today, but rather is the long term trend upward. HODL BTC to secure a future for children? See: https://oracletimes.com/new-bitcoin-btc-indicator-shows-that-btc-will-surge-to-370k/.
PlanB @100trillionUSD :
One friend said he was worried about buying bitcoin, given the contrary opinion of vested economic interests. Andreas Antonopoulos states the greatest threat to bitcoin is not governments. In October 2019 the Chinese President Xi endorsed blockchain technology, with spillover renewed interest in bitcoin investing. See: https://bitcoinist.com/major-chinese-bank-invests-in-popular-bitcoin-wallet/. In September 2017 the President of European Central Bank, Mario Draghi, stated: “(It is) not within our power to prohibit or regulate bitcoin”, yet some EU bankers want bitcoin taxed out of existence. This time, the will of We the People will prevail. See below: "'EU crackdown on bitcoin is attempt to protectbanks." See: https://www.rt.com/news/413517-bitcoin-cryptocurrency-eu-crackdown/. See also: https://news.bitcoin.com/worlds-biggest-banks-helped-clients-steal-63-billion-in-taxes-in-europe/.
If any threat to bitcoin at all, perhaps one of the other digital currencies. Like what, bcash? A Microsoft report states it used the wrong approach to speed up b-cash transactions. Ethereum? The more complicated the software, the more attack vectors, and the easier it is to hack (thus the superiority of bitcoin?) See: https://news.bitcoin.com/report-claims-34000-ethereum-smart-contracts-vulnerable-bugs/ Maybe one that is not yet created? Could it compete with the burgeoning bitcoin industry, such as comparing transaction volume and market capitalization? Bitcoin maintains healthy market capitalization dominance over alt-coins. Andreas Antonopoulos advises: "Ignore the drama, bitcoin is stronger than ever." Another of his #LondonReal interviews: THE FUTURE OF MONEY: How Bitcoin & Blockchain Become The World’s Currency - Part 1/2 https://www.youtube.com/watch?v=_aILeOqZEwY (46 minutes). His website: https://antonopoulos.com/. Antonopoulos believes bitcoin will eventually absorb the functions of all the other digital currencies (also known as alternative coins, or "alt-coins.") He also cautions that an exchange traded fund (BTC ETF) only tracks price, is not BTC ownership, and could emphasize store of value over the currency (payment) feature, slowing down the widespread adoption of BTC as currency. Again, Your Keys, Your Bitcoin--Not Your Keys, Not Your Bitcoin. Hard wallet keys are PIN (several Personal Identification Numbers, digits), backed up with a series of private seed words (kept PRIVATE). He states: “Investing in education is always the best way to approach this technology. Education is rewarding, fulfilling, low risk and timeless.” See: https://cointelegraph.com/press-releases/andreas-antonopoulos-to-teach-certified-btc-prof-prep-course-in-denver. Also, as BTC owners sell to buy goods and services, it will help with the redistribution of wealth. @antonopoulos. Jameson Lopp (@lopp) August 13, 2019: "The number of bitcoin addresses holding 1 billionth of the money supply (about 0.018 BTC / $200) is at an all-time high." See also: https://bitcoinist.com/bitcoin-to-close-the-gap/.
"RT: Under the new EU legislation on tightening regulation, are governments trying to discredit users of cryptocurrencies by labeling them all as ‘money launderers’?" [Author's note: the short answer is, yes, and "tax evaders"]. McAfee says don't worry about it because the bureaucrats don't have the manpower to enforce it (although he is now evading the IRS for back taxes due). See: https://thebitcoinnews.com/totally-absurd-new-fatf-rules-to-turn-bitcoin-exchanges-into-banks/. See also: https://fortune.com/2018/02/21/government-forfeiture-bitcoin-auction/.
"If we have something that decentralizes the money supply and threatens the business model of the banks, there’s going to be pushback against it," claims former (British) MI5 intelligence officer Annie Machon ... "It is inevitable. Any crackdown on our rights of privacy on the internet always has an excuse that it is trying to stop money laundering or trying to stop terrorism or pedophiles or whatever." Adds Paul Rosenberg: "So many banks have been caught out money laundering on vast scales and have received vast fines for laundering gray and black money from particularly the drug trade. Perhaps, we should say that the EU should close down our banks, too ... What this really boils down to at the end of the line is the coercive institutions of the past being threatened by the voluntary institutions of the future." See: "Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity." https://bitcoinist.com/deutsche-bank-raided-bitcoin/. Also: @zerohedge “Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day.” https://news.bitcoin.com/leaked-transactions-banks-billion-money-laundering/, and: https://bitcoinist.com/bitcoin-force-against-banks-laundering-2-trillion-per-year. Also: https://www.theguardian.com/global/2009/dec/13/drug-money-banks-saved-un-cfief-claims. At a (June 2018) conference of the world's central bankers, the question came up as to whether bitcoin was a threat to the government fiat currencies. The answer was no, as long as the people retain confidence in those currencies. Why should they have such confidence? In the event of a bank run on such ‘too big to fail’ banks like JP Morgan, Wells Fargo, and Goldman Sachs; only the first two percent of customers can get their money out. The worldwide industry standard fractional reserve system often only requires 2% or 0% of customer's deposits to be retained in the bank. That enables 98% to 100% of the people’s deposits to be lent out to others, such as the military industrial complex. If peace broke out, the world economy would be transformed with a redistribution of wealth. The bankster fractional reserve system is a pyramid or ‘ponzi scheme’, and such frauds always fail, quickly upon a 'bank run'. See the greatest theft in history, the Federal Reserve Bank: https://www.youtube.com/watch?v=mQUhJTxK5mA. President Woodrow Wilson regarding the 1913 Federal Reserve Bank law he previously signed: "I have unwittingly ruined my country." “Paper money eventually returns to its intrinsic value: zero.” - Voltaire. See: https://twitter.com/i/status/1265991334604800000. As chairman of the Judiciary Committee, U.S. Senator Chuck Grassley stated that “99.9% of all money (US dollar) laundering crimes go un-prosecuted.” Banks routinely launder over $2 trillion per year. "The entire American economy is just a façade for money laundering." - Max Keiser. The “Illegal Foreclosure King” bankster warmonger Rothschild agent U.S. Treasury Secretary Steve Mnuchin (Skull and Bones-Luciferian Illuminati and 17 year veteran of Goldman Sachs bank) lied on live television, stating U.S. dollar cash is not laundered because those attempts are prosecuted; so if bitcoin is used for any "laundering", bitcoin should be banned. See on CNBC TV how naturally Mnuchin lies to the world: https://twitter.com/SquawkCNBC/status/1151817678157484034. See: “Robbing Hood: The Steve Mnuchin Story: He Steals from the Poor to Give to the Rich." See: https://www.youtube.com/watch?v=__ANf8p-Q9M. More bankster planning; the COVID-19 "New World Order" Planning Document Published by Rockefeller Foundation in 2010? To view it, click here: https://needtoknow.news/2020/03/rockefeller-foundation-paper-published-in-2010-predicted-how-a-pandemic-can-be-used-as-an-excuse-to-establish-global-authoritarian-power/. More testimony exposing fascist sentiment: mandatory chip implants: https://www.youtube.com/watch?v=FuinaIm-kd4.
Bitcoin donations are appreciated at bitcoin address: 3AVP4AFmMD7rqJpRHxD7XJSCv5E5Cb6wrH
The domain names below are available for financial justice partnerships:
bitcoinbanksafe.net, banksafebitcoin.com, bitcoincurrencytrust.com, bitcointrustcurrency.com, bitcoinsfun.com, bitcoinfun.net, bitcoincustomerservice.com, bitcoinpension.net, bitcoinpension.org, bitcoinbuyerhelp.com, bitcoinfulfillment.com, federalbitcoininvestment.com.
Former Congressman and Presidential candidate Ron Paul states in his book The Revolution just how bad the monetary system is today, and bitcoin can help fight the decaying global economy. See also: https://cointelegraph.com/news/bitcoin-to-the-rescue-as-ron-paul-says-us-fed-fake-economy-has-burst. Paul has been trying to abolish the “Federal” Reserve Bank (the Fed) for years. "The Federal Reserve should not exist." "Our national bank" is primarily owned by eight (8) European and American families. See: https://hangthebankers.com/the-federal-reserve-cartel-the-eight-families/ (if blocked, use TOR browser, or Opera with VPN turned on). "The Fed is a government-created monopoly that counterfeits dollars by the trillions, and you're supposed to believe that this is"capitalism." See: https://www.bibliotecapleyades.net/esp_sociopol_fed.htm. When one U.S. politician called for bitcoin to be banned, Ron Paul responded by calling him “just another Washington thug," and stated: "…the dollar is going to self-destruct.” A Ron Paul national poll result: bitcoin is the best investment for the future. See: https://bitcoinist.com/half-choose-bitcoin-ron-paul/.
Christine Lagarde, the former Director of the International Monetary Fund (IMF), now President of the European Central Bank, warns a large-scale shift away from government currencies and into bitcoin could put bankers out of business; bitcoin is 'clearly shaking' the banking business. She praises digital currency and suggests it could transform the way people save and invest. (Redemption of a bankster?) See: https://bitcoinist.com/bitcoin-disrupting-traditional-banking-infrastructure/.
See bitcoin far out-perform gold: $10,000 invested on 6/20/2011. By 12/31/2019, the gold investment = $9,854; bitcoin investment = $4,179,876. https://twitter.com/CryptoBull/status/1215388111443722247/video/1 Gold is counterfeited more often these days.
Traditional economists shake their heads, wondering what value is behind it. Bitcoin's creators and supporters consider it a liberating medium of exchange, not subject to the whims of central banks that print excess money. Bitcoin's magic inherent value is called belief that it will be more beneficial than fiat currency. Fiat means national paper currencies like the dollar and yen that governments print per the desires of the wealthy elite, regardless of the effects on the majority of the people. Fiat money like the U.S. dollar is not backed by precious metals, but rather backed by the taxpayers. Historically, fiat money has a reputation for becoming worthless within an average of 27 years. The dollar's buying power in 2018 is about 2 percent of its 1913 value. See: https://fred.stlouisfed.org/series/CUUR0000SA0R. To quote former U.S. Senator and Secretary of State Daniel Webster: "Of all the contrivances devised for cheated the laboring classes of mankind, none has been more effective than that which deludes him with paper money." The oldest currency, the British pound, is now worth .5% of its original value. Stacy Herbert: (@stacyherbert): "Bitcoin is the restoration of the laws of financial physics." The Keiser Report, RT.com. And: "In 1970, the average annual salary in America equaled 159 ounces of gold per year. Today that average salary is 41 ounces of gold per year." Are 74% of Americans' wages stolen by the Rothschild U.S. Federal Reserve Bank? See: https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843. Would we be surprised to know that Rothschild is the primary owner of BlackRock, Blackstone, the world's largest asset manager and landlord? Keiser: “When the Fed buys ‘assets’ (over $6 trillion recently) it’s effectively laundering money for Wall St. criminals." Currency hyperinflation and deflation: a wave weapon of mass destruction. Printing excess money, such as to finance war, causes inflation. Too much money pursuing available products and services increases prices. The poorest die first due to inability to afford adequate food, housing, and health care. Then, economic collapse threatens civil war. Watch the Federal Reserve Bank commit perjury during Congressional testimony in order to cover its tracks: https://www.youtube.com/watch?v=1QK4bblyfsc, and: https://www.youtube.com/watch?v=mXmNpdYpfnk. All Rothschild government personnel are certified in theft from all generations.
Also: The Coming Plague: Newly Emerging Diseases in a World Out of Balance, by Laurie Garrett, 1995. Download the .pdf file: https://all-med.net/pdf/the-coming-plague/. Should We the People now have a "natural monopoly" on COVID-19 prevention, sidestepping pharmaceutical corporations? See: “A plasma shot could prevent coronavirus. But feds and makers won't act, scientists say.” The full article: https://news.yahoo.com/plasma-shot-could-prevent-coronavirus-130023057.html. Paul Tudor Jones: “We are witnessing the Great Monetary Inflation (GMI) an unprecedented expansion of every form of money unlike anything the developed world has ever seen.” After a few months of deflation, the inevitable inflation will hit hard. Jones further states bitcoin is the best hedge against the economic effects of the age of the COVID-19 virus. Raoul Pal, former VP at Goldman Sachs bank, states that it would be easy for bitcoin to reach a total market capitalization that is similar to that of gold: $10 trillion. Homework: with maximum of 21 million bitcoins, and a market cap of $10 trillion, how much would each bitcoin be worth?
Daniel Krawisz, a co-founder of the Satoshi Nakamoto Institute, has written that Bitcoin-induced currency demonetization, or hyperbitcoinization is what would occur should any hapless currency stand in bitcoin’s path of total world domination, resulting in a bitcoin price of $100,000,000 (one hundred million dollars). See: . https://news.bitcoin.com/hyperbitcoinization-bitcoin-100mil-per-coin-2030/.“Bitcoin is the monetary black hole that will gobble up all fiat…” Max Keiser. See also: https://bitcoinmagazine.com/articles/op-ed-how-fiat-could-fall-and-bitcoin-could-soar. See: https://bitcoinist.com/new-yale-study-every-portfolio-must-include-at-least-6-bitcoin/ Also: https://thebitcoinnews.com/yale-university-invests-in-400-million-crypto-funds/
Will pensioners sue corrupt and/or incompetent politicians and pension managers for personal negligence for NOT allocating at least 1% of those pension funds into Bitcoin when its price was below $10,000, while instead, buying toxic investments dumped on schedule by the Rothschild central bank cartel and their minions? See: https://www.rollingstone.com/politics/politics-news/looting-the-pension-funds-172774/. To see an example of a White House petition to diversify 1% of Social Security trust funds into Bitcoin; click here: https://petitions.whitehouse.gov/petition/invest-one-percent-1-social-security-trust-funds-bitcoin-instead-us-treasury-bonds-avoid-excess-risk. Federal Bitcoin Investment request made on 08/09/2018, $6,140 BTC closing price. See also: https://www.rt.com/shows/keiser-report/488706-investors-hide-risk-pension-funds/ and: https://www.zerohedge.com/economics/us-public-pensions-run-out-money-2028-finds-alarming-new-study.
Bitcoin exchanges and wallets do not necessarily operate in all U.S. states. Also, when considering doing business with a bitcoin exchange, attempt estimation of how long it will take to buy the bitcoins and what price you might get under current market conditions, and how long it takes to get your bitcoins or cash transferred to another place, and the cost. For example, see one European exchange's fees: https://www.bitstamp.net/fee_schedule/ .
Unemployed or underemployed people can make vague references to many of these bitcoin attributes, and other prospective benefits mentioned herein, without specifying bitcoin, as part of their informative email to potential bitcoin adult buyers. [Polls vary from 95% to 71% of bitcoin owners are male, mostly under age 40, and computer savvy. However, if indeed less that 5% of the bitcoin industry is comprised of women, and "He who owns the bitcoins makes the rules," what are the implications? See: https://medium.com/futuresin/bitcoin-is-a-young-mans-game-99b8679f8c56. See also: “How Women Could Send Bitcoin to the Moon," http://fortune.com/2018/04/27/bitcoin-price-cryptocurrency-women-meltem-demirors/. Also: https://news.bitcoin.com/womens-interest-in-crypto-trading-has-doubled-uk-exchange-reveals/.] Given that the U.S. Commodity Futures Trading Commission and the SEC considers BTC a commodity, it would be akin to a person making a recommendation that the relative or friend buy a bushel of corn to benefit from any potential profit, such as during a famine. The email would ask, if the sender revealed the actual underlying vehicle (BTC) idea to the potential BTC buyer would that person email back a percentage of any new high gross profits to the email sender, for as long as the buyer owns the vehicle? If the prospective BTC buyer agreed to comply with this 'gifting back' scenario, in order to know the identity of the actual underlying instrument (BTC), the sender could then email this website address: https://federalbitcoininvestment.com, or https://bitcoinfun.net, to the prospective BTC buyer. More than that, help the buyer, walking them through the purchase, and giving ongoing bitcoin education. If subsequently persuaded to buy bitcoins, would the BTC adult buyer pay the BTC educator a modest percentage, even 1%, of the total gross new high profits (preferably paid in bitcoins, for example) to the educator's (FBI Wealth Agent, for example) bitcoin address, monthly or quarterly? Setting aside the issue of 'legally enforceable contract,' maybe the honor system itself would work for some people (and thereby avoid complications.) If a friend fails to pay, replace them with a better friend? IRS regulations exempt from income tax a maximum gift of $15,000 per year. https://news.bitcoin.com/gifting-bitcoin-is-one-way-a-person-can-avoid-paying-crypto-taxes/ If the payments started in July 2010 at .08 (8 cents) per bitcoin, each $100 payment (1,250) bitcoins would be worth over 7 million dollars as of a June 24, 2018 bitcoin price of about $5,900 per bitcoin.
From technocracy.news: Nearly 80% of all transactions in Germany are made with paper currency, putting Europe’s economic engine in direct conflict with the vision coming out of Brussels ... The spillover effect has affected new forms of investment, like Bitcoin, which witnessed an astronomical rise over the last months and has been brought back into the discussion as a viable alternative to fiat currencies.'
Max Keiser of RT's Keiser Report offers a different view on the subject. "The problem describing bitcoin is twofold. First, you have to throw out what you think you know about money. Second, you have to become moderately fluent in a few technologies. The beauty of bitcoin is that as the price of bitcoin rises, more people are incentivized to tackle the learning curve out of self-interest. When the price was $3 - when Keiser Report first covered bitcoin - you could afford to ignore it. But as price heads to $5,000 and higher, you can't afford to ignore the technology and accept the fact that your preconceptions about money are probably wrong," https://www.rt.com/business/399761-bitcoin-overhyped-dangerous/?utm_source=spotim&utm_medium=spotim_recirculation&spotim_referrer=recirculation
"The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war.” Robert Shiller, Nobel Prize Winner, Economics See: https://news.bitcoin.com/niall-ferguson-tells-bank-of-england-bitcoin-is-financial-system-of-the-future/. Also: "Bitcoin mitigates the number one cause of wealth inequality in the world — inflation." @APompliano
“Every informed person needs to know about Bitcoin because it might to be one of the world’s most important developments.” Leon Louw, Nobel Laureate nominee
“I think the Internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash.” Milton Friedman , Nobel Prize Winner, Economics (stated in 1999).
“Bitcoin is a technological tour de force,” Bill Gates, Microsoft Co-Founder. Did the "New World Order" Rothschild, Rockefeller, and Buffet types change his mind about their nemesis, bitcoin?
"Bitcoin and other privacy focused and decentralized crypto currencies are the biggest innovation of my lifetime. They literally take the power and control of money out of the hands of government and into the hands of people that use it." --- Charlie Shrem, early bitcoin investor and entrepreneur
Previous 4 year "halvings" of the miner reward/reductions in bitcoin inflation, that also emphasize scarcity, have resulted in price expansion (green zones) lasting about 18 months, followed by downtrend (red zones), and consolidation (blue zones).
If Bitcoin (software) mathematics reflect a law of nature, what are the growth implications? View the YouTube analyst PlanB’s discussion: ‘Understanding Fractals’, click here: https://bitcoinist.com/bitcoin-has-officially-entered-a-new-bullish-phase-says-analyst-planb/. As the U.S. debt load continues to implode (flash crash?) causing bank failures and U.S. dollar hyperinflation, people with 'hard money' assets like Bitcoin (BTC), gold, and silver will prosper ; click here: http://www.usdebtclock.org/, Given hundreds of trillion$ of "off the books" wars and empire expenses, unfunded pensions, hyper investment derivatives gambling, re-hypothecation fraud, and unsustainable debt load interest, the U.S. dollar might collapse. Also: https://markets.businessinsider.com/news/stocks/debt-around-the-world-hits-244-trillion-near-record-2019-1-1027872023. See also: https://bitcoinist.com/bitcoin-shines-as-hedge-fund-manager-warns-gold-ownership-could-become-illegal/. Cointelegraph.com: “At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade.” To quote Microsoft former CEO Bill Gates: "Banking is necessary, banks are not." With bitcoin, be your own bank; un-confiscatable wealth. @maxkeiser: "Bitcoin will move 25 -30x faster to the upside than gold as banks implode... At some point, the fiat (national currencies) world will just spontaneously combust." “Bitcoin was created in defiance of the global banking establishment … to do battle with the central banks.” See: https://finance.yahoo.com/news/crash-dollar-coming-210024166.html. Also: https://www.cnbc.com/2020/06/15/dollar-crash-is-almost-inevitable-asia-expert-stephen-roach-warns.html. Analyst Willy Woo: half of the world population will own bitcoin by 2025." Buy at least a fraction of a bitcoin? See: https://cointelegraph.com/news/safeway-shoppers-can-now-get-bitcoin-back-as-change-at-894-us-stores.
This website is intended for informational and entertainment purposes only; opinions, which can change, not giving advice. Some analysts are scaling in monthly purchases. See: “Russians Bought $8.6 Billion in Bitcoin, Says Kremlin Economist.” “… increasing US sanctions will make impossible to do international transactions as usual so they purchase bitcoin as a way to circumvent US sanctions… https://bitcoinist.com/russia-bitcoin-kremlin-economist/
"When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.” -- The Rothschild Brothers See: https://www.fastcompany.com/90532305/11-million-households-could-be-evicted-over-the-next-four-months. “The Fed will destroy the nation by widening the wealth/income inequality that is breaking down the nation's social order.” See: https://www.zerohedge.com/political/if-promoting-wealth-inequality-social-breakdown-evil-fed-evil. See also: https://www.cnbc.com/2018/01/22/wef-18-oxfam-says-worlds-richest-1-percent-get-82-percent-of-the-wealth.html. The 2,153 wealthiest billionaires have more wealth than 4.6 billion people combined. One percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent.
https://www.investing.com/news/cryptocurrency-news/cnbc-fast-moneys-brian-kelly-bitcoin-is-like-the-internet-in-the-1980s-1395370. “Bitcoin is going to ‘Amazon’ the banks. So, what do I mean by that? Bitcoin is a way to remove the third party from financial services, just like Amazon does to retail,” Kelly said. Another CNBC commentator Guy Adami: "In a world of fiat currencies, Bitcoin is the victor."
Tesla founder and multi-billionaire Elon Musk: “Bitcoin is brilliant, paper money is going away." See: https://bitcoinist.com/elon-musk-bitcoin-hodl-nobel-prize/
Colonel Lawrence Wilkerson, former Chief of Staff to former U.S. Secretary of State Colin Powell: “'America Exists Today to Make War': Lawrence Wilkerson on Endless War & American Empire", see: https://www.democracynow.org/2020/1/13/lawrence_wilkerson_american_empire_war. "When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." – Bastiat
The Federal Bitcoin Investment Wealth Agent badge is suitable as an award for tutoring new bitcoin buyers. There should be no unemployment among email and bitcoin account operator/FBI Wealth Agents. The FBI Bitcoin Badge is a great gift to empower the youth, costing only .0025 bitcoin, $25 at a BTC price of $10,000 (includes shipping). Email FederalBitcoinInvestment.email@example.com to specify the number of badges wanted, and a shipping address.
An old Chinese saying: "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime." @themooncarl: "Bitcoin is the best form of money ever and possibly the best risk/reward investment we have seen throughout human history." “It is fascinating to me that the school system globally does not educate students about money.” Would federal, state, and local government laws mandating digital currency bitcoin K-12 and continuing education be preferable to private badge theatrics? “In a few years they (the U.S. Government) will likely be talking about adopting Bitcoin as a national currency. Patience.” @Apompliano
The current Federal Reserve Bank Chairman, Jerome Powell, stated on April 29, 2020, (after printing many trillions of U.S dollars out of thin air, with a LOT more to come): "We won't run out of money. It's an unlimited pot." On ’60 Minutes’ news broadcast May 17, 2020: “We have the ability to create money digitally.” Zimbabwe-type hyperinflation to finance wars will be due to bankers manipulating Congress, rich getting richer at the expense of the less rich. At the end, the Zimbabwe currency, exemplified by a one hundred trillion dollar note, lost half its buying power every day. War financing hyperinflation caused the death of over 5.4 million people due to starvation and disease. See: https://cointelegraph.com/news/bitcoin-analyst-central-bank-rate-cuts-mean-world-has-gone-zimbabwe. Robert Breedlove: “Central banking is an apparatus for theft. It is designed to siphon value off of society until it collapses.” See Robert Kiyosake's broadcast: "Three Things Are Certain in Life: Death, Taxes, and Bitcoin," https://www.youtube.com/watch?v=0NVC01qdBh0
So, the American guaranteed minimum annual income is ... how many units of bitcoin?
The normal brain is more enlightened, but only 10% of its potential.
Picture of a personal mobile bank (non-custodial, so no traditional bank-type middlemen): a Ledger "USB thumb drive" hardware wallet. See: https://www.youtube.com/watch?v=NIDKex545oE for a Ledger 'unboxing' review by @themooncarl on twitter.com. See: https://cointelegraph.com/news/bitcoin-won-as-store-of-value-in-coronavirus-crisis-hedge-fund-ceo.
As you can see in the chart above, bitcoin is still in the early stages of growth.
Max Keiser continues: "Bitcoin has intrinsic value the same way a gold mine has intrinsic value. When you own bitcoin, you own a piece of a network that, like a gold mine, has intrinsic value," Keiser explains. "This is a bit misleading in that gold supply is worth trillions and bitcoin is worth billions. The real question is, what price would bitcoin need to get to the equal value of gold. The answer is, well into the $100,000 per bitcoin. Will it get there? I think so, yes." Slide forward to minute 13:50 to view Max Keiser’s guest “Vortex” to get his enthusiastic overview of the various strengths of bitcoin. See: https://www.rt.com/shows/keiser-report/443405-us-plutocracy-corporate-elite/. “The truth is if you want individual sovereignty, if you want justice, if you want uncensorable, unconfiscatable, indestructible wealth, there’s only one way to go — and that’s Bitcoin.” @maxkeiser again: "#Bitcoin can peacefully euthanize the Fed. It’s the humane thing to do. Delaying the inevitable is cruel." The Union Bank of Switzerland (UBS) states the bitcoin price must hit about $213,000 to replace the U.S. money supply.
Also, see the price analysis on bitcoin's 'Golden Ratio Multiplier," by Philip Swift @PositiveCrypto; https://medium.com/@positivecrypto/the-golden-ratio-multiplier-c2567401e12a. Is it raining Pi? Also: 'The Moon' by Carl Martin, one example, 06/22/2020: https://www.youtube.com/watch?v=KzNdagITKgg&t=23s. If the next bull cycle repeats the previous one exactly, will the bitcoin price top out in October 2021 at $318,438? See also bitcoin analyst Chris (MMCrypto), one example from June 9,2020: https://www.youtube.com/watch?v=qTdMXiGBeIc. Historically, will these BTC prices be buying opportunities that save pensions, even with just a 1% asset allocation into bitcoin? See: https://thebitcoinnews.com/1-bitcoin-99-cash-portfolio-outperforms-gold-bonds-sp-500/. As of April 8, 2019 Murad Mahmudov believes the odds indicate the 2019 bitcoin low price is behind us, with a 2023 top above $100,000. See: https://twitter.com/MustStopMurad. Others believe the bitcoin price already bottomed out at the $3,200 area in 2018, another predicted 2019 low by (the late) Tyler Jenks (hyperwave theory) is $1,000, but eventually $10,000,000. Per bitcoin analyst and author Willy Woo the 2019 low was probably January 28th, ~ $3,375 area, therefore very bullish for the long term. See the March 3, 2020 Keiser Report,and:https://cointelegraph.com/news/bitcoin-hitting-135k-this-bull-cycle-is-common-sense-willy-woo. See also: http://Woobull.com. Mati Greenspan also provides bitcoin technical analysis on YouTube, see: https://twitter.com/MatiGreenspan. “There are things that governments and banks can do to slow Bitcoin down, there is nothing they can do to kill it. Think about Nixon's war on on drugs. It only made things worse.” — Mati Greenspan (@MatiGreenspan) July 12, 2019
LOWEST Annual Bitcoin Price:
2010 – $0.01; 2011 – $0.30; 2012 – $4; 2013 – $65; 2014 – $200; 2015 – $185; 2016 – $365; 2017 – $751; 2018 – $3,122; 2019 – $3,322; 2020 - $3,850
“Don’t believe in central banks? No worries. Bitcoin is the US 10-year Treasury of the modern era,” the Financial Times wrote. See: https://bitcoinist.com/bitcoin-correlation-with-us-10-year-treasury-suggests-hedging-use/. See: https://coinmarketcap.com/converter/btc/usd/ to translate BTC and USD values.
"So, cryptocurrencies in general give us a stable medium through which we can communicate our information about values and prices in a way that no government mandarin (bureaucrat) can distort or usurp. For the predators who have used our central institutions to predate on the rest of humanity, it’s a very bad development." A statement from former Overstock CEO, Patrick Byrne, quoted from: https://thedailycoin.org/2017/07/31/patrick-byrne-cryptocurrencies-matter/ Another John McAfee quote: “You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust." See also: http://www.thirdworldtraveler.com/Banks/Money_Masters_quotations.html and http://www.thirdworldtraveler.com/index.html.
When you sign into your bitcoin account (similar to logging into your email account), the above is an example of what a bitcoin withdrawal screen looks like when you want to transfer bitcoin from one address to another. Each bitcoin DESTINATION ADDRESS (aka 'hash') is unique, encrypted by 34 characters: numbers, capital letters, and lower case letters. If the above bitcoin address belonged to a merchant, imagine that you are spending 0.10 bitcoin to buy something worth $378.10 in U.S. dollars, because the current market price of bitcoin is $3,781.00. (However, if a merchant allows it, consider sending a small amount of bitcoin to test the success of that transfer before sending the larger amount). Then click the REVIEW WITHDRAWAL button to go to the next popup screen, Step 2, then click CONFIRM to send the bitcoin to the address shown. Use your wallet; or to use the public blockchain to check the transfer status, copy the bitcoin address, and insert it into the blockchain.com search window: click here: https://www.blockchain.com/explorer. Bitcoin privacy is enhanced if you use a new destination address each time, available with hardware wallets (see below). Keep ALL wallets firmware and software updated. See also: https://news.bitcoin.com/how-to-outwit-blockchain-analysis-and-conceal-your-coins/.
Famed billionaire and hedge fund creator Paul Tudor Jones is loading up on bitcoin, $100,000,000 into the investment safe haven, as he bets on the "fastest horse". See: https://www.bloomberg.com/news/articles/2020-05-07/paul-tudor-jones-buys-bitcoin-says-he-s-reminded-of-gold-in-70s. See also: https://cointelegraph.com/news/paul-tudor-jones-to-be-biggest-bitcoin-holder-in-2-years-max-keiser.
As below, some bitcoin price analysts focus on the number of transactions per day, called the hash rate, as a potential indicator of BTC miner bullishness, thus a possible influence on bitcoin price. See also: https://www.ccn.com/bitcoin-hash-rate-8-fold-20000-high-bullish/. The higher the hash rate the more computing power that strengthens the system. Compared to bitcoin (in blue), the major alt-coins do not warrant comment. See also: https://woobull.com/the-two-types-of-altcoins-an-investors-view/. “China, America, Russia and Iran will enter a Hash War to try and grab as much Bitcoin as possible … This is another ‘Sputnik moment’ where America has to decide if they want to win the Hash War or get relegated to the dustbin of history.” @maxkeiser https://cointelegraph.com/news/max-keiser-us-hash-rate-war-with-iran-can-send-bitcoin-price-to-500k.
Israeli Prime Minister Benjamin Netanyahu: "Are banks doomed to eventually disappear? The answer is yes! Should this be done tomorrow and should it be done via bitcoin? That is a question." The U.S. Office of the Comptroller of the Currency (OCC) has finally allowed nationally-chartered banks and credit unions to provide custody services for digital currency. The largest German bank, Deutsche Bank, predicts bitcoin will replace national currencies. As of 02/2020, 40 German banks have applied to be custodians for digital currency. See: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000503196/Imagine_2030.PDF
Al Gore, former Vice President of the United States: "I am a big fan of Bitcoin … regulation of money supply needs to be depoliticized."
Also, see this alternate to the Stock to Flow model in favor of the "Rainbow" BTC price chart model: https://www.newsbtc.com/2020/04/16/s2f-alternative-bitcoin-rainbow-chart-says-btc-is-currently-on-fire-sale/.
In addition to each of us resolving to gain higher consciousness (enlightenment) on the spiritual side, on the material side bitcoin can help defend We the People from predatory capitalism. There is hope, because help is coming, fast. Bitcoin, the digital currency of the future, is capable of commandeering the most massive, peaceful, and universally beneficial realignment of wealth in history. A ‘big picture’ article: article: https://medium.com/paradigma-capital/pax-bitcoiniana-5f54eda1a9f9. You are invited to participate.
“The secret of change is to focus all your energy not on fighting the old, but on building the new.” -- Socrates
The following link is a NY Times chart that illustrates how the "U.S. Federal" Reserve Bank steals money from We the People by money-printing hyperinflation of the U.S. dollar, and gifts that money to the wealthiest, who then buy stocks. "Our" "national" "bank" prints trillions of dollars to gift to themselves and their friends. They are on the 'home stretch' of their many years-long war against us; https://www.nytimes.com/interactive/2017/08/07/opinion/leonhardt-income-inequality.html . "If everyone is holding stocks just to pass on to the next greater fool, and if the greatest fool is a central bank with infinite liquidity to buy them, then, yes, prices will keep going up,” according to Rabobank. See: https://finance.yahoo.com/news/froth-stocks-starts-bubble-over-083519975.html. @maxkeiser, 05/28/2020: “The gap between rich and destitute will be extreme within a year. 200M Americans will be penniless. Want to be on the other side of the poverty divide? Stack Sats (buy Satoshi units of bitcoin) Daily.” Two popular ways to buy bitcoin regularly by automatic deduction from your bank account: https://www.swanbitcoin.com/, also: https://cash.app/. Protect yourself and your loved ones, see this < 2 minute video: https://twitter.com/i/status/1269085942435819521. See also: https://www.austriancenter.com/cantillon-effect-populism/. " ... in case of a monetary expansion, the ones who profit from it are the ones who are close to the money .... everyone who can access the money right at the beginning, i.e. big companies, banks, etc. They get loans and make investments. Prices then start to rise even though the rest of the population has not received any of the new money yet. Nonetheless, they have to pay the higher prices even though they have not profited from the increase in money at all. And they will never profit from it in the same way as the ones who received the money first. The result is a redistribution from the poor to the rich." Which is, of course, the only reason the Rothschild "U.S. Federal" Reserve Bank exists. 'Bank runs' are LONG overdue, see: https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/. Also: https://www.zerohedge.com/geopolitical/crisis-goes-gear-beginning-end-dollar, “The dollar could fail completely by the end of this year.” Fortunately, bitcoin has started to replace the U.S. dollar as the world's reserve currency. Meanwhile, the 'Federal' Reserve Bank owes us reparations from economic slavery and $21 trillion of our money ‘lost’ from the federal budget. Initially due is $20,000 to each U.S. head of household in the middle and lower economic classes, paid in bitcoin or dollars, as preferred.
See: https://twitter.com/PierrePoilievre/status/1260696693470879747, wherein the Canadian government finance minister refuses to discuss Canada’s finances with Canadians. Qui bono? Who benefits from keeping We the People in ignorance of our own finances? Historically, money has been the Rothschild's and Rockefeller's primary weapon of world conquest, thus bankster-bought governments prohibit schools from teaching students about money. “The greatest trick central banks have played upon the world is making it appear that Number Go Up when in fact Number Go Down.” @lopp
"Bitcoin is feared because it is a network-based system and banks and governments are hierarchical systems. Hierarchies give orders and expect submission by inferiors. Bitcoin is inanimate. It isn't even aware of what a hierarchy is." @erikwill Bitcoin is high tech justice.
(Former Federal Reserve Bank Chairperson Janet) Yellin doesn't want the Fed audited. The man behind her holds up a sign: "Buy Bitcoin," see:
https://twitter.com/PrestonPysh/status/1289778145596342272. Yellen: "The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds." @MMcrypto: "Write these words (above) in the history books. This is the beginning of the biggest legal theft in human history!" Only the most sincere and convincing liars can Chair the Rothschild “U.S. Federal” Reserve Bank, "our" "national" "bank".
Metcalfe’s Law: the value of a network is proportional to the square of the number of connected users of the system (n squared).
Former Goldman Sachs Bank executive Raoul Pal states that bitcoin would be his choice if he could only own one asset for the next 10 years, adding that its price could be $20,000 in 2021, and $1 million by 2025. “I can not express how bullish I am on bitcoin. We are at risk of losing the entire system right now. I know they will find a way to save it but all trust is lost." Pal further states the current monetary system is collapsing, and bitcoin is the solution: “It (bitcoin) is an entire trusted, verified, secure, financial and accounting system of digital value." "Bitcoin is already the best performing asset in all recorded history.” See: https://www.newsbtc.com/2020/03/22/ex-goldman-sachs-bitcoin-likely-surmount-20k-within-18-months/. If the next bull cycle repeats the previous one exactly, will the bitcoin price top out in October 2021 at $318,438?
Fortuna Favet Fortibus Et Patientes
Fortune Favors Bravery and Patience
Patriots buy bitcoin to succeed where the politicians and generals have failed.
Federal Bank money printing also funds bitcoin purchases; poetic justice as banksters finance their insignificance.
In a CNBC interview bitcoin venture capitalist Lou Kerner stated Bitcoin will be like Amazon.com which during the dot.com boom/bust was down in price by 95% for two years. Kerner says that Bitcoin is the greatest store of value ever created, and will surpass gold. See: https://www.cnbc.com/video/2018/11/21/kerner-bitcoin-is-the-greatest-stored-value-ever-created.html. See also: https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal.
By automatically reducing in half the financial compensation for 'mining' new bitcoins, this 'halving' effect is to emphasize the scarcity factor, with a tendency to thereby assist increasing the price. Per bitcoin’s scarcity design, the inflation minimization now has 1800 bitcoins mined daily, 12.5 bitcoins per 10 minutes, reduced to only 900 bitcoins created daily (6.25 every ten minutes) after the halving event in May 2020. Max Keiser: “Bitcoin is harder money than gold, and it gets harder every ten minutes.”“Rekt Capital identifies that Bitcoin price rose over 13,000 percent following the first halving and 12,000 percent after the second. If Bitcoin was to rally by similar percentages from its current ~$10,000 price point, the eventual top may be between $385,000 and $425,000.” –newsbtc.com.
Jake Chervinsky @jchervinsky (Twitter.com) is one of the primary authors of the New York state money transmitter law vis-a-vis bitcoin, the (onerous for business startups) "bitlicense." Regarding bitcoin and the banker's comparison to the Dutch tulip speculation craze/price crash in 1637 boom/bust, Chervinsky states: "Okay, let's compare bitcoin & tulips: Bitcoin is software enabling permissionless, trustless, censorship-resistant value transfer on a global scale. It has the qualities of great money: durable, portable, fungible, divisible & scarce. Tulips, on the other hand, are flowers."
One of the original bitcoin co-developers is Nick Szabo, who speaks of banks trying to imitate bitcoin: "JPM Coin and its near-twin the Petro lack the predominant source of value that distinguishes cryptocurrencies from bank money: trust minimization." "Bitcoin could survive a nuclear war." See also
https://www.coindesk.com/venezuelans-made-lightning-savvy-hardware-to-use-bitcoin-during-blackouts. "Central banks will end up using bitcoin as a reserve currency.” Twitter: @NickSzabo4. See also: https://news.bitcoin.com/nick-szabo-central-banks-may-turn-to-cryptocurrency-reserves-over-gold/. Also: https://cointelegraph.com/news/central-banks-to-hedge-dollar-risks-with-bitcoin-pompliano-predicts. See also: https://bitcoinmagazine.com/articles/on-the-coast-of-el-salvador-bitcoin-is-becoming-the-standard.
DEBT IMPLOSION: See: "Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust ."– Richard Wolff, Published time: 16 Mar, 2019:
https://www.rt.com/business/454018-debt-bubble-wolff-sanchez/ "Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse." Prof. Richard Wolff told RT.
"US private corporate debt stands at a whopping $9 trillion, and that spells major trouble for the overheated economy as soon as recession sets in." Wolff said that unprecedentedly low interest rates are a scourge, not a blessing, for the US economy, as they only create the appearance of recovery, rather than contributing to growth in productivity.
“It’s a very dangerous place we’ve come to and that’s why all this talk of ‘recovery, recovery’ hides the fact that the things we did to look like we were recovering created the greater vulnerability than what we had in the first place.” Travis Kling, the chief investment manager of Ikigai Asset Management, agrees: "The trend in Bitcoin’s price flipped from bear to bull once the Fed said it would ease-off tightening and engage in permanent money printing (‘permanent QE’). This is wealth confiscation by the bank cartels to keep their insolvent balance sheets from imploding. The impact on Bitcoin and Gold will be moving to new ATH (all-time high) as safe-haven money pours in." See: https://bitcoinist.com/bitcoin-haven-fund-manager-kling/. See also: https://www.marketwatch.com/story/its-game-over-for-the-fed-as-the-central-banks-credibility-crumbles-2019-06-07?mod=MW_story_top_stories. Since its creation in 1913, the FED has inflated the US dollar by 2,000%. Anthony Pompliano: [@APompliano] : "REMINDER: When central banks cut rates and print more money, they are trying to make the rich richer by inflating asset prices. This literally steals wealth from those who are not rich and don’t own real assets." "When you’re worried about your assets being seized or becoming inaccessible to you, Bitcoin’s non-seizability becomes very attractive. This aspect of Bitcoin just became important for 1+ billion people in India & Hong Kong." See: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e: “Satoshi should win the Nobel Peace Prize ... We finally have a currency that can assume global reserve status without anyone having to engage in violence.” “Now it is the most secure computing network in the world.” PlanB @100trillionUSD: “People ask me where all the money needed for $1trn bitcoin market value would come from? My answer: silver, gold, countries with negative interest rate (Europe, Japan, US soon), countries with predatory governments ... billionaires and millionaires hedging against quantitative easing (QE), and institutional investors discovering the best performing asset of last 10 yrs,” https://blockonomi.com/top-analyst-100k-bitcoin-price-target/. See also: https://www.truthdig.com/articles/the-feds-latest-gamble-imperils-the-whole-economy/
PEACE? “The refusal of King George III to allow the American colonies to operate an honest money system which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution.” "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." -- Benjamin Franklin, American Founding Father. When America stopped using usurious Rothschild/Bank of England money printing services (Bank of the U.S.) in 1811, the bankster warmonger Rothschild ordered the War of 1812 against America, stating: "Teach those impudent Americans a lesson! Bring them back to colonial status!" Financially, Rothschild succeeded. The British Prime Minister, Perceval, opposed that war, so he was shot dead in public. Former U.S. President Andrew Jackson helped "win" that war (America sued for peace upon accepting, ongoing, to this day, Rothschild financial rule). Jackson was nearly shot dead in public (the pistols mis-fired due to moisture) for opposing the Rothschild banker monopoly on issuing American money. Jackson lived, then said to his erstwhile assassins: "You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." However, he failed in his vow to expunge the banksters. The next U.S. President shot dead in public was Abraham Lincoln: “The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.” The next U.S. President shot dead in public was James Garfield, after publicly stating: "Whoever controls the volume of money in our country is absolute master of all industry and commerce... when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." The next U.S. President shot dead in public was William McKinley, soon after speaking out against the private central bankers issuing public American money. See: https://generalfraud.blogspot.com/2015/06/eight-presidents-who-opposed-central.html. By 1933 President Franklin D. Roosevelt saw a pattern: "The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government since the days of Andrew Jackson." See: "Prescott Bush's 1933 fascist coup attempt in the US - Business Coup stopped by Smedley Butler," https://www.youtube.com/watch?v=Sp4h39qJKqU. The next President shot dead in public was John F. Kennedy. He knew of the danger, but previous illness-related 'out-of-body experiences' minimized his fear of death (it works). See his speech against the New-World-Order-Secret-Societies: https://www.youtube.com/watch?v=F-AZV3qnwkA. See his book Profiles in Courage, https://www.amazon.com/Profiles-Courage-John-F-Kennedy/dp/B00ZAKA8XY. Kennedy's Executive Order 11110, (Americans issuing their own silver-backed dollars) was designed to put the private Rothschild "U.S. Federal" Reserve Bank out of business. He also opposed the Vietnam War. As did his brother and presidential candidate Robert Kennedy, who also said said he would avenge his brother. As you would expect, he was also shot dead in public. See the "Dark Legacy" I and II series on YouTube: https://www.imdb.com/title/tt3432330/. Also: https://www.veteranstoday.com/2017/03/11/the-rothschilds-murdered-at-least-seven-us-presidents/. Regarding assassination of Presidents, qui bono? Who benefited? In 1878 the leader of Germany, Otto Von Bismarck, stated: "The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization." General Butler (the most decorated soldier): “WAR is a racket..It is possibly the oldest, easily the most profitable, surely the most vicious .. It is the only one in which the profits are reckoned in dollars and the losses in lives.” "There are only two things we should fight and die for. One is the defense of our homes and the other is the Bill of Rights." Download: https://www.ratical.org/ratville/CAH/warisaracket.pdf. See Butler's warning: https://www.youtube.com/watch?v=292y679blWc, Also: https://newspunch.com/six-former-us-presidents-warn-about-invisible-shadow-government/.
Former U.S. Secretary of State Henry Kissinger was the inspiration for the movie about a psychopath, a former Nazi adviser to Hitler, "Dr. Strangelove," who subsequently became a war adviser to the U.S. President. Actual Henry Kissinger quotes: “Depopulation should be the highest priority of foreign policy towards the third world, because the US economy will require large and increasing amounts of minerals from abroad, especially from less developed countries”. “World population needs to be decreased by 50%”. “It is an act of insanity and national humiliation to have a law prohibiting the President from ordering assassination.” “The elderly are useless eaters.” [Now, Genetically Modified Organisms, GMO foods, are designed to kill us by weakening our immune systems, starting with the elderly and the very young.] "Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world." See: "Kissinger’s 1974 Plan for Food Control Genocide," "On Dec. 10, 1974, the U.S. National Security Council under Henry Kissinger completed a classified 200-page study, 'National Security Study Memorandum 200: Implications of Worldwide Population Growth for U.S. Security and Overseas Interests.'" (Kissinger's official covert U.S. policy, the targeted de-population countries: India, Bangladesh, Pakistan, Nigeria, Mexico, Indonesia, Brazil, the Philippines, Thailand, Egypt, Turkey, Ethiopia, and Colombia.) "In 1974, Kissinger publicly talked of food security, while privately he worked to use food control as a weapon against a target list of nations." See: https://larouchepub.com/eiw/public/1995/eirv22n49-19951208/index.html., and: https://archive.schillerinstitute.com/food_for_peace/kiss_nssm_jb_1995.html. Is this why banksters favor global warming: "Climate change is roasting the Himalaya region, threatening millions." See: https://www.nationalgeographic.com/environment/2019/02/himalaya-mountain-climate-change-report/ And: https://news.yahoo.com/arctic-heat-wave-essentially-impossible-210120153.html.
A VERY bad idea for a false flag operation, the "Mission: Impossible--Fallout" movie? Extort India into becoming the primary battleground in an alliance against Russia and China?
More Kissinger quotes: The illegal we do immediately, the unconstitutional takes a little longer." "The emigration of Jews from the Soviet Union is not an objective of American foreign policy. And if they put Jews into gas chambers in the Soviet Union, it is not an American concern." "O how I have dreamed of this delightful moment...We shouldn’t be afraid of atomic bombs and missiles. No matter what kind of war breaks out—conventional or thermonuclear—we’ll win." "War is war. The years will pass, and we’ll get to work producing more babies than ever before." "The United States is baiting China and Russia ... The coming war will be so severe that only one superpower can win, and that’s us folks.” “Military men are just dumb, stupid animals to be used as pawns in foreign policy.” Kissinger forgets to mention the Russians have beaten us at the arms race the U.S./NATO started and routinely perpetuates, and now the Russians have unstoppable, radar-evading nuclear missiles, drones, and torpedoes thus tactical superiority over the U.S. Also the Chinese? See: https://www.thesun.co.uk/news/8933644/leaked-china-secret-hypersonic-nuke/. "In simulated World War III scenarios, the U.S. continues to lose against Russia and China." https://www.zerohedge.com/news/2019-03-09/us-gets-its-ass-handed-it-world-war-iii-simulation-rand. Safely assume that Kissinger is a Rothschild agent? War criminal? Butcher of S.E. Asia? The Cambodia civil war genocide? The East Timor genocide made it easy to steal their oil. In spite of neutrality during the Vietnam War, two hundred million tons of bombs were dropped on Laos, more than during WWII. Laos still suffers from over 80 million un-exploded American bombs (not YET exploded). See: https://en.wikipedia.org/wiki/The_Trial_of_Henry_Kissinger. Likewise, in the Korean War the U.S. literally firebombed North Koreans back into the Stone Age because that country was (is) the best invasion route to conquer China, by nuclear bombing 27 cities. Thus, North Korea is still in the "axis of evil" (read: deserving to be conquered) according to former U.S. President George W. Bush (Skull and Bones-Illuminati secret society, like daddy and granddaddy, and current Secretary of the Treasury Steve Mnuchin).
It boggles the mind that in spite of all the power of the earth's generals and admirals, and all the tax dollars spent on their salaries and benefits and pensions, that a few bankers have enslaved the earthlings in wars for over two hundred years. Why no military tribunals of bankster warmongers who create wars by pitting peoples against each other, and financing all sides, maximizing profits by genocide? See: https://www.infowars.com/iraqi-intelligence-usa-is-supplying-isis-with-weapons-food/. See also: https://newspunch.com/russia-kill-us-british-israeli-troops-training-isis/. And: https://www.zerohedge.com/news/2019-03-01/us-army-takes-50-tons-gold-syria-alleged-deal-isis. Formula: use deception, 9/11 inside job, invade poppy and oil fields, get the heroin and oil, Kissinger understudy Bremer fires Iraq military to create the ISIS chaos agent for ongoing civil wars to hollow out nations from within. Create another problem, resulting in the reaction, then provide the solution. Do U.S. politicians and military leaders take a modified oath [to protect and defend the Constitution from all enemies foreign and domestic] that excepts the banksters who brag that political and military men will be "... so interested in (Rothschild) profits or be so dependent upon its favours that there will be no opposition from that class?" Are our leaders dumb (stupid), scared (cowards) , bribed (traitors), or all three? All six? Why can't (or won't) they understand:FOLLOW THE MONEY? With 7.7 billion people on earth, why can't that many puppets get organized to cut the strings of a handful of puppeteers? Will humanity go extinct due a psychopath pandemic: Illuminati Cancer (IC)? Literally carved in stone on the Rothschild Illuminati's Georgia Guidestones: “Maintain humanity under 550,000,000 ..." So 93% of humanity must die? Fascists love eugenics. Unfortunately, it gets worse. Read: https://www.amazon.com/Illuminati-Cult-that-Hijacked-World/dp/1439211485/ref=sr_1_2?ie=UTF8&qid=1522252014&sr=8-2&keywords=henry+makow. George Washington, Founding Father and first U.S. President, said he was aware of the diabolical tenets of the Illuminati, and their infiltration of the Freemasons, and he wished he had hunted the Illuminati down long ago. Buy bitcoin. See also: https://www.dw.com/en/blackrock-the-secret-world-power/a-18653761, "Blackstone and Jacob Rothschild, beneficiaries of Malaysia Airlines flight disappearance?" See: https://www.voltairenet.org/article183486.html.
“The price good men pay for indifference to public affairs is to be ruled by evil men.” - Plato
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. … The youth who can solve the money question will do more for the world than all the professional soldiers of history." -- Henry Ford.
"I had never thought the Federal Reserve Bank System would prove such a failure. The country is in a state of irretrievable bankruptcy." -- U.S. Senator Carter Glass, June 7, 1938. “The banks are still the most powerful lobby on Capitol Hill, and they, frankly, own the place.” Senator Dick Durban, April 2009.
"The Federal Reserve are one of the most corrupt institutions the world has ever seen. … Every effort has been made by the Fed to conceal its power but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will." -- Congressman Louis T. McFadden, 1933. McFadden was the Chairman of the U.S. Banking and Currency Commission for 22 years. McFadden survived assassination attempts in 1933 and 1934, but not the third in 1935, stopping his attempted termination of the Rothschild "U.S. Federal" Reserve Bank. McFadden said of the Great Depression: “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.” Milton Friedman: "The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933." See: https://www.globalresearch.ca/the-abuses-of-the-federal-reserve-system/9642. Also: https://topdocumentaryfilms.com/century-enslavement-history-federal-reserve/.
"Crooked? Criminal? Unconstitutional? Well, look around you today and see what the consummation of their (Federal Reserve bankers) activity at that time has accomplished, for right there began one of the blackest pages ever to be written into the history of our glorious country, binding our people link by link with a diabolical chain of economic slavery that can well be called the direct cause of all the grief, suffering, poverty, loss of homes, farms, business, and all the widespread unemployment we are laboring under today. Turn back and see what Thomas Jefferson, one of the men who helped to frame the Constitution, had to say about private banks issuing money." See: https://www.amazon.com/Lincoln-Money-Martyred-Dr-Search/product-reviews/0944379230Lincoln Money Martyred, and: https://www.amazon.com/Federal-Reserve-Conspiracy-Antony-Sutton/dp/1939438098. Also: The Creature from Jekyll Island, see: https://www.youtube.com/watch?v=lu_VqX6J93k. https://wikispooks.com/w/images/f/fc/Secrets_of_the_Federal_Reserve.pdf, and: "Who Controls All of Our Money?": https://www.youtube.com/watch?v=mQUhJTxK5mA.
Thomas Jefferson, our second U.S. President, opposed the First Bank of the United States because it was a poisonous Rothschild operation, led by Rothschild agent Alexander Hamilton, the first U.S. Secretary of the Treasury. Jefferson hated the traitor Hamilton who wanted a hereditary King of America in the pocket of Rothschild. Jefferson: “Paper is poverty, it is only the ghost of money, and not money itself.” “I believe that banking institutions are even more dangerous than standing armies.” “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” These recent (much worse now, updating needed) charts below prove his point:
"The NYSE's Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next? Backed by Microsoft and Starbucks, Intercontinental Exchange is launching a startup called Bakkt to make the cryptocurrency safe for your retirement fund, and maybe for retail, too." [By Shawn Tully, August 3, 2018]
"Bitcoin could be on the verge of breaking through as a mainstream currency. At least that’s the goal of a startup that is soon to be launched by one of the most powerful players on Wall Street, with backing from some of America’s leading companies. This morning Intercontinental Exchange—the trading colossus that owns the New York Stock Exchange and other global marketplaces—announced that it is forming a new company called Bakkt. The new venture, which is expected to launch in November, will offer a federally regulated market for Bitcoin. With the creation of Bakkt, ICE aims to transform Bitcoin into a trusted global currency with broad usage." See: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/. A French court has declared bitcoin to be a currency.
"Intercontinental Exchange, the operator of 23 global exchanges including the New York Stock Exchange (NYSE), has announced plans to launch an 'open and regulated' global digital asset ecosystem, as well as one-day physically delivered Bitcoin contracts pending CFTC review and approval. The company, called “Bakkt,” will work with enterprises including BCG, Microsoft, and Starbucks. See: https://news.bitcoin.com/nyse-owner-bitcoin-should-be-in-retirement-funds-credit-cards-retail-stores/. The first round of funding secured $182.5 million. Jeff Specher, the Chairman of Intercontinental Exchange (ICE) which owns the New York Stock Exchange (NYSE) and many other exchanges internationally: “Bitcoin could be the first worldwide currency.” Also, Etoro CEO Yoni Assia states: "In time, we believe that we will see the greatest transfer of wealth ever onto the blockchain."https://bitcoinist.com/etoro-ceo-wealth-blockchain-interview/. Also: https://www.coindesk.com/van-eck-solidx-to-offer-bitcoin-etf-to-institutions-via-sec-exemption-report.
Reward and punishment control behavior. Money talks and threats are real, so bankster predators have all the reward without risk of punishment by their prey. After the bankster war destruction profits come the bankster re-construction profits. Also, see the first segment: https://www.rt.com/shows/keiser-report/478316-fed-repo-markets-gold/. Keiser: "It's called genocide for profit." See also: https://www.counterpunch.org/2020/01/06/america-escalates-its-democratic-oil-war-in-the-near-east/. Countries like Iran, North Korea, and Cuba "need" regime change to install or re-install Rothschild central banking and enslavement to the U.S. dollar, just like in most countries. Some like Russia and Hungary have fought back. Putin said he paid Rothschild off, grabbed him by the scruff of the neck, and kicked him out of Russia’s back door. See: https://katehon.com/article/purging-russia-evil-rothschild-money-changers. See also: https://truth11.com/2016/03/01/end-rothschild-hungary-kills-the-rothschild-banks-ordered-to-vacate-country/. Orbán declared: “Hungary enjoys the trust of investors, by which is not meant the IMF, the Fed or any other tentacle of the Rothschild financial empire." Sadam Hussein in Iraq tried to bypass the U.S. dollar in the oil trade, and Mohamar Ghadaffi in Libya wanted a new dinar currency backed by gold. Their nations were decimated, and they were killed. See: https://www.ufo-blogger.com/2011/05/libya-war-exposed-gaddafi-targeted.html.
Dr. Robert Hare states that psychopaths are: " ... intraspecies predators who use charm, manipulation, intimidation, and violence to control others and to satisfy their own selfish needs … "Lacking in conscience and in feelings for others, they cold-bloodedly take what they want and do as they please, violating social norms and expectations without the slightest sense of guilt or regret." See:https://www.youtube.com/watch?v=onyvNFI24h4. Is the burden of proof on each U.S. Presidential candidate they they have no mental illness? By law, mandatory joint testing by the American Psychological Association/American Psychiatric Association of each presidential candidate to help stop ongoing election (appointment) of Rothschild-approved U.S. Presidents? See: https://www.theburningplatform.com/2018/01/23/meet-president-swamp-the-rothschilds. Is it easier to appoint a U.S. President rather than shoot them if they don't do what they are told? We test cops before giving them guns, why not perform psychological tests on a potential Rothschild U.S. President before giving them nuclear weapons?
"You can either have liquidity or a store of value, but not both in a fiat money system. Bitcoin Fixes This."
@JimmySong Also, see the YouTube 22 minute video of Saifedean Ammous explaning bitcoin strength: https://www.youtube.com/watch?v=FFbXhTky2T4&pbjreload=10. See also: https:// saifedean.com. Bitcoin YouTuber Sunny Decree states the price of bitcoin is basically a function of the same human emotion that characterizes all market psychology, greed and fear effects on price variations, per the chart below. See one of Sunny's videos: https://www.youtube.com/watch?v=DOpyyyfqe9U. See an example of the bitcoin price chart technical analysis by Kevin Svenson: https://www.youtube.com/watch?v=1KF-f07yqcc.
Although past performance is no guarantee of future success, the future looks promising. In 2016 multi-billionaire bitcoin venture capitalist Tim Draper predicted a BTC price of $10,000 in 2018 (actually reached on 11/28/2017). When asked if he would sell bitcoin for dollars, he said: "Why would I sell the future for the past?" Also: “If I had a meeting with [Indian Prime Minister Narendra] Modi, I would have let him know he is making a huge mistake. [Bitcoin] should be the national currency.” “ It will set them back 40 years." See also: https://cointelegraph.com/news/expert-india-will-lose-an-almost-13-billion-market-by-banning-crypto; and: https://bitcoinmagazine.com/articles/bitcoin-help-india-achieve-5-trillion-economy. Draper suggests the same for the U.S. Also, he predicts a $250,000 bitcoin price by the end of 2022." Draper also states of Bitcoin “It's bigger than the Iron Age, the Renaissance. It's bigger than the Industrial Revolution .... (10 to 100 times bigger) than the internet." He states bitcoin will replace the US dollar in 5 years. “This is one of the best things that’s ever happened to us.” See: https://cointelegraph.com/news/tim-draper-says-bitcoin-is-bigger-than-the-industrial-revolution-in-debate-with-skeptics. "While the United States trends towards isolationism, it’s also opening the door to have the dollar supplanted by Bitcoin as the primary international currency of choice." --- Ken Jacobs, CEO of asset management firm Lazard. He states that is also due to U.S. dollar hyperinflation (which is theft of money from us and our grandchildren). McAfee states bitcoin is the most important invention since agriculture, the "saving grace of humanity." "Only an idiot could miss the fact that the crypto market is a brand new paradigm unto itself." @officialmcafee. Mark Yusko of Morgan Creek Capital calls bitcoin a digital gold store of value, and gold is an $8.4 trillion market, thus his eventual $400,000 bitcoin price prediction. “We believe bitcoin will be one of, if not the, largest network on the planet. We are in the middle of the greatest wealth opportunity … It’s beyond any of our imaginations.”
Apple.com co-founder Steve Wozniak has given a glowing endorsement of bitcoin, saying that he hopes the cryptocurrency will one day serve as a global single currency. He states: “Only Bitcoin is pure digital gold." PayPal co-founder Peter Thiel agrees. Digital Currency Group’s Barry Silbert states Bitcoin is 50 times more useful’ than gold. Silbert believes that the bitcoin infrastructure will be in place during 2019, then prices will snap back hard. See his Grayscale Investment Trust TV ad: https://finance.yahoo.com/news/grayscale-bitcoin-investment-trust-gbtc-new-ad-drop-gold-125954273.html (Grayscale has over $4 billion under management). Antonopoulos states bitcoin is much more than just “digital gold.” It is an ongoing evolution in various applications of exchange of value and information. Former Coinbase CTO Balaji Srinivasan states bitcoin is the new gold standard that will conquer Silicon Valley, Wall Street, and everything else. An article from investing.com suggested bitcoin could soon rapidly drive out cash as a means of payment. See: https://www.investing.com/analysis/how-long-till-bitcoin-replaces-cold-hard-cash-200310923/ “Never before has wealth been stored with such security. This drives BTC price. Which drives hashrate. Bitcoin won." See: https://bitcoinist.com/saurel-offers-convincing-reasons-why-bitcoin-is-better-than-cash. The prestigious realty firm Brown, Harris, Stevens (bhsusa.com) believes that in five years Bitcoin transactions will make up 25 to 30 percent of sales. see also: https://bitcoinist.com/bitcoin-digital-real-estate-property/. Financial blockades and economic sanctions are bad for humanity but great for Bitcoin. The more Paypal, Patreon, Visa, and Mastercard censor, the stronger bitcoin becomes. With a daily transaction volume of over $8 billion, bitcoin is on track to overtake Mastercard, the second largest credit card network in the world, in volume.See also: https://cointelegraph.com/news/italians-prefer-btc-to-visa-or-mastercard-when-shopping-online. Also: “In 2019 Visa processed $138 billion through their network. Bitcoin processed $727 billion.” @woonomic. In July 2020 bitcoin has over $2 billion in daily economic throughput.
"50 Reasons to Pay Attention to Bitcoin" (updating needed)
1 CONTROL; you are FULLY in control of YOUR money 2 Freedom; other people can't vote your money away
3 Support the separation of state and money
4 No middlemen; bitcoin dis-intermediates the financial world
5 Minimal transaction fees
6 No borders; send money to anyone; access anywhere
7 No transaction delays; propagation time < 1 second
8 No ‘banking hours’; control your money 24/7
9 No minimum account balance
10 No overdrafts (predatory fees: $32B /year in US)
11 No risk of identity theft ($1.5B /year in US)
12 No inflation (limited money supply)
13 No minimum age; it's the currency of the next generation
14 No bank runs; for that matter, no walks to the bank either
15 No bank holidays; just a lifetime holiday from the banks!
16 No capital controls
17 No hidden taxation
18 No bank bail-ins (WARNING: by U.S. federal law, now banks can legally confiscate at will your checking and savings deposits as payment for common stock in their affiliated bank. Upon the bankruptcy of the second bank, your money has been completely stolen by the Rothschilds. See: https://www.wnd.com/2013/10/yes-feds-can-take-your-deposits/, and: "Bank of Cyprus depositors lose 47.5% of savings"; https://www.usatoday.com/story/money/business/2013/07/29/bank-of-cyprus-depositors-lose-savings/2595837/; https://bitcoinist.com/another-case-for-bitcoin-as-billions-vanish-from-savings-accounts-ghana/
19 No paperwork (my bank had 5 pages of fine print!)
20 No chargeback fraud; fast settlement (~10min, soon faster) 21 Permissionless innovation; build the next financial app 22 Privacy; digital assets without a registered name
23 No social exclusion; poor people can use bitcoin
24 No censorship; send money to anyone
25 No account freezes or levies
26 Opt out of fiat and boycott the banks & government
27 No dealing with bankers; no supporting the war-dollar, or the CIVIL-War dollar. 28 No lost/manipulated records; immutable ledger entries
29 It will likely be worth a lot (>$1 trillion market cap) in the future. See: https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-cap. Also, the 200 weekly moving average of the bitcoin closing price has never gone down, instead it has increased an average of $200 per month. See: https://twitter.com/100trillionUSD/status/1287078394908336130.
30 Bitcoin is an antifragile technology; it gains from disorder
31 Bitcoin is open source; it evolves and improves daily
32 Bitcoin is still early-stage; huge potential innovation
33 15-45% discounts (Amazon, Starbucks, Etc)
34 No counterparty risk; it is decentralized
35 Not fractional reserve; not a debt-based economy. See European Parliament speech to jail the bankers: https://www.youtube.com/watch?feature=player_embedded&v=hYzX3YZoMrs
36 Use a currency that rewards saving (good behavior)
37 Huge potential in future robotic/machine economies
38 Potential for decentralized economic actors
39 Lost bitcoins (3 million?) will result in long-term money supply deflation
40 Escrow without escrow agents or paperwork
41 Safely store money in your mind with brainwallets
42 Use multiple wallets organize your money (like folders)
43 Initial public offering (IPO) without paying millions of dollars
44 Smart contracts; imagine a world without the need for lawyers
45 Smart property; imagine a car that checks the blockchain
46 Smart money; bitcoin is the first ‘programmable money’
47 Cash is king; bitcoin is cash for the internet
48 Investment hedge against currency or societal collapse
49 Help end world poverty & hunger for the 3 billion underbanked
50 #1 fastest growing industry for VC (virtual currency) investments
Regarding ongoing world domination planning by the Rothschild Bank of International Settlements (BIS) in Basel, Switzerland see Georgetown University professor Carrol Quigley's book, Tragedy and Hope, 1966: https://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X. Quote: "The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements (BIS) in Basel, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations. Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world." The BIS, its directors and employees (past and present) can do virtually anything and everything they want, with complete secrecy, immunity and with no one looking over their shoulders. The BIS is a Rothschild business operation. See: http://www.thebernician.net/rothschild-the-hidden-sovereign-power-behind-bis/. It is the central bank of the world's central banks, the "Devil's Tower". See: "Ex-Nazi Bank Now the World's Central Bank": https://www.bilderberg.org/bis.htm. Due to Rothschild financing of Hitler, Switzerland was not neutral in WW2. Therefore, Basel was bombed by American bomber aircraft during WW2. GENERAL Eisenhower's failure to cut out all that cancer now threatens all of humanity. It has metastasized into NATO. See also: http://humansarefree.com/2014/10/exposing-shadow-forces-behind-nwo.html. Also: https://truth11.com/2019/04/10/the-elite-families-behind-hitler-nazism-the-nazi-war-machine-was-actually-an-american-business-the-most-powerful-of-these-infamous-families-is-the-rothschild-b/ Prescott Bush (Skull and Bones-Illuminati) was a director at Union Bank, which was shut down by the U.S. State Department due to its NAZI financing, violating the U.S. Trading with the Enemy Act. Instead of going to jail, Grandpa Bush became a U.S. Senator, dictating U.S. federal law and foreign policy to PRESIDENT Eisenhower. The BIS meets on alternate Sundays on the 18th floor. Apparently they are so afraid of being caught they installed three (3) separate fire prevention sprinkler systems. The bankster and co-founder of the unconstitutional Rothschild "U.S. Federal" Reserve Bank, Rothschild agent Paul Warburg, addressed the U.S. Senate on February 17, 1950: "We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent." Henry Kissinger: “Yes, there will be a New World Order, and it will force the United States to change it's perceptions.” See also: https://www.amazon.com/Collusion-Central-Bankers-Rigged-World/dp/1568585624. Also: "These wars are all about the banking. And millions of innocent people are killed in them." See: https://www.rt.com/op-ed/425751-us-war-military-invade/. Buy bitcoin to stop supporting the war-dollar, and civil-war-dollar.
With trillions of our dollars at the bankster’s disposal, created out of thin air any time they want, it is easy for them to pit the various peoples of the world against each other, divide and conquer. Inside the U.S. as well, especially when using the latest technology and ‘false flag’ attacks like the 9/11 inside job, complete with propaganda spin. Again, Sun Tzu: "All warfare is based on deception.” Constant war will reduce the earth’s population by 93%; or at least by 50% according to Kissinger. Also, wars = oil profits = global warming = fewer people. In 2007 General Wesley Clark revealed on U.S. television "Democracy Now" a Department of Defense policy: “This is a memo that describes how we’re going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran.” One Rothschild announcement to nullify the Constitution which states only Congress can declare war (after discussing it with us?). Afghanistan remains under U.S. occupation to protect the poppy fields from eradication, (again), by the religious Taliban; and thereby reinstating the Rothschild Worldwide Heroin Cartel (RWHC) profits of $300 million per month. One U.S. State Department insider stated 85% of the opium (the heroin precursor) leaves Afghanistan on U.S. aircraft. Some 'retired' Air Force pilots do not ask questions about the cargo, and get paid in cash. See: https://www.globalresearch.ca/the-spoils-of-war-afghanistan-s-multibillion-dollar-heroin-trade/91, and: https://truedemocracyparty.net/2012/05/opium-war-reason-afghan-war-cia-killing-soldiers/. End of U.S. opiate addiction mystery, but cowards play dumb. Likewise, the British banksters won the Chinese "Boxer Rebellion" (Opium War) in 1842, so they got control over eight Chinese ports (including ownership of Hong Kong) and reinstated rights to get Chinese citizens addicted to opium imports from the British East India Company. The Vietnam War, same thing. It was not about allies, containing communism, or saving face. It was about bankster war profits, including heroin profits from the CIA's 'Air America' Golden Triangle (Thailand, Laos, Myanmar) operations, complete with the usual threats against anyone who questioned the necessity of the slaughter "for God and country." (See also, the movie "Kill The Messenger"). The executions of Jack and Bobby Kennedy, and 58,000 U.S. soldiers, and over a million Asians remain living proof of the extent and intensity of the ignorance and cowardice we face. Cheap heroin for U.S. soldiers in Vietnam (and later, Afghanistan) successfully created a huge American heroin market. Some heroin was shipped to the U.S. in hidden false-bottom compartments of caskets of deceased American soldiers, even inside their bodies; what is wrong with that picture? The “War on Drugs” is a smokescreen to protect bankster drug cartel profits, and jail minorities. Technology wins wars, so all nations must pursue the materialism of Rothschild capitalism to afford the global arms race in an attempt to survive. As usual, central banksters create the problems then provide the (temporary) solutions, thus enjoying multiple streams of profits. Blood money is bank-laundered and reinvested in more drugs, real estate, stocks, bonds, derivatives, mainstream media buyout concentration, bribes and assassinations, new wars and war reconstruction: genocide for profit. When government fears the people, there is liberty. When the people fear the government, there is tyranny. How much are ALL of us owed in economic slavery reparations?
Kissinger: "Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful! This is especially true if they were told there was an outside threat from beyond whether real or *promulgated*, that threatened our very existence. It is then that all peoples of the world will pledge with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government." [This Kissinger quote was secretly tape recorded courtesy of a Swiss delegate to that May 21, 1992 secret Bilderberg meeting in Evian, France.] (Fascists rejoice over opportunities provided by a pandemic). Will U.S. Air Force satellite/drone holograms-in-the-sky “UFOs” scare the children into persuading their parents to give up the Constitution? And pay ever more war-dollar taxes to protect them from the “aliens,” as well as to conquer other nations and steal their assets to support the war-dollar, and then the civil-war-dollar? As in karma: as we sow, so shall we reap? Not foreign farmers stealing our nuclear missiles to kill us, but rather botched response to plague? Complete with bankster hollowed-out health care systems? Is the COVID-19 non-response engineered to make rich richer by further conquest of the poor? See: https://www.rt.com/op-ed/493465-coronavirus-lockdown-rich-poor/. A brutal contrary opinion of Bill Gates: https://davidicke.com/2020/06/10/bill-gates-describes-himself-and-his-agenda-in-three-minutes/ See also: https://www.rt.com/news/488912-italy-parliament-bill-gates-coronavirus/. David Rockefeller: "All we need is the right major crisis and the nation will accept the New World Order." Also: https://vaccineimpact.com/2018/did-military-experimental-vaccine-in-1918-kill-50-100-million-people-blamed-as-spanish-flu/.*Promulgated*: during the first Gulf war it was considered to project in the sky an angry Allah who would command the Iraquis to stop fighting and surrender. Hollywood couldn't even dream this up for Los Angeles. In 2012 a U.S. drone base in Africa projected a floating city to Nigerian villagers, who knew it was a sign from God. No, it was Project Blue Beam's "Enemy PerceptionManagement. "See: https://www.trinfinity8.com/strange-holograms-in-the-sky/. U.S.Africom: https://mapsroom.com/pin/2463/.
In China, OKCoin’s Duan said: "Talking about the impact of digital money now is like trying to predict how the Internet would transform lives in the 1980s. We know it’s going to be huge. It has the potential to change the entire economic infrastructure. We’re just not sure about when and how." The China market remains huge, as one survey suggests approximately 40% of Chinese people want to invest in bitcoin. Also, a white paper by the Chinese government bank, the People's Bank of China (PBOC), is a plan to buy one million bitcoins, enough for one bitcoin per China's 1 million villages (one third of the world's total). Each village, with an average of 916 people, would eventually be a "millionaire". See also: https://cointelegraph.com/news/chinas-state-run-media-bitcoin-is-blockchains-first-success.
Read about China's potentially game-changing quantum encrypted communications satellite network: http://www.dailymail.co.uk/sciencetech/article-4777230/Chinese-quantum-satellite-sends-unbreakable-code.html Could the quantum speed hack any PIN or password? Some BTC Core guys are worried, most are not: “In the grand scheme of risks and threats, it will take 20 to 30 years to be a real threat and by that time, we will have better signature schemes." “Andreas Antonopoulos: Bitcoin's Design Can Withstand Quantum Computer Attack” https://www.ccn.com/101656-2/; “What Makes Bitcoin So Unstoppable”: https://www.youtube.com/watch?v=7wBRUM2TSZY. “Hardware wallets are still the most secure mechanism for (digital currency) cold storage.” See: https://twitter.com/aantonop/status/1255517126015815680.
Other than an online internet "bitcoin wallet", consider using hardware wallets that stores BTC OFF-line, for example: https://www.ledger.com, https://www.trezor.io, https://www.keepkey.com, . No hardware is absolutely infallible. Purchase only directly from the manufacturer. Keep your secrets, hide wallets, use a safety deposit box? https://safedepositboxinsurance.com. And, double check receiving and sending addresses to verify they are correct. John McAfee recommends such OFF-line wallet hardware to avoid loss of coins due to hackers. Are all cellphone SIM cards vulnerable to phone company 'inside jobs'? See: https://thehackernews.com/2019/09/simjacker-mobile-hacking.html?m=1. Andreas Antonopoulos recommends hardware wallets (ask a trusted, skilled computer user to help if need be). Tone Vays and Jimmy Song advise against keeping bitcoins and cash on exchanges, and against ICOs (initial coin offerings) and various ‘tokens’ and 'stable'coins. See: https://www.youtube.com/watch?v=GIrNRcX7JYo. See also: https://medium.com/@Panama_TJ/the-ten-commandments-of-crypto-security-3cd616185d40,
An alternative source of bitcoins is https://localbitcoins.com. To comply with new EU anti-money laundering regulations, in June 2019 Locabitcoins.com terminated their service that enabled local, peer-to-peer buying of bitcoin with fiat currency (cash). This author has not investigated these exchanges for quality, or legality. Previously, some state law enforcement agents were working with the U.S. Secret Service to arrest localbitcoins.com bitcoin sellers for violation of state anti-money laundering and money transmission laws. If states like Wyoming, Pennsylvania, and Florida rule that bitcoin is money, and the U.S. Treasury says bitcoin is money, why not tax-free money? And if the U.S. Supreme Court decides digital currency is legal tender tax exempt currency, what reparations will apply, triple damages? "Once any person would be able to use bitcoin for daily purchases, I believe that most governments will acknowledge it is a tax-free coin." Gidi Zakay, Bittax CEO. See also: “Portugal, for example, recently announced that it will eliminate tax on all earnings in cryptocurrency. The country’s tax authority further declared that payments and trading cryptocurrency in Portugal are now 100% tax-free.” https://bitcoinist.com/us-uk-losing-cryptocurrency-race/.
On August 1st, 2017, bitcoin had its split into two coins, bitcoin core (BTC) and bitcoin cash (BCH). "The creation of Bitcoin Cash is what is called a 'hard fork.' The creators are releasing a completely new software that allows for eight times the number of transactions per block. This means Bitcoin Cash could process transactions faster." Bitcoin Cash is worth far less than bitcoin. "Like bitcoin, Bitcoin Cash relies on the community. It will only be successful if people decide en masse to create the blocks for the bitcoin Cash blockchain." http://www.channel4000.com. See: https://bitcoinist.com/bitcoin-winner-takes-all-market/. https://www.investing.com/news/cryptocurrency-news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst-1464512. See also: https://bcfocus.com/news/bill-miller-a-billionaire-bitcoin-btc-investor-calls-altcoins-worthless/19761/. And: https://bitcoinist.com/bitcoin-will-be-the-amazon-of-cryptocurrency-says-vc-advisor/. Kiss of death for the altcoins? One federal Judge has ruled altcoin ICOs are securities. Investor lawsuits? In 2019, 90% of the ICO’s to date are either broke, exit scammed, or have no working infrastructure. A Microsoft study indicated trying to speed up BTC transactions by increasing the memory capacity of each block impedes the decentralization benefits, making bitcoin better than Bitcoin Cash (bcash). Remain observant. Regardless, consider staying in control of your private keys, such as with Ledger's Nano S or Nano X hardware wallet. Many exchanges and wallets initially refused to support BCH other than making it available to sell or transfer out, yet others provided support to trading BCH. Some referring to it as an "alt-coin," in need of further due diligence. Many bitcoin developers hate BCH, referring to it as a ripoff clone of bitcoin. The 'segregated witness" (segwit) BTC soft fork is now faster and cheaper. Those bitcoin wallet 34 character addresses start with the number 3 as opposed to the original bitcoin addresses that started with a 1. The new “Native SegWit” address starting with bc1 has even lower fees IF the send-to wallet service supports it.
Meanwhile, the U.S. dollar competes for other fiat currency investment flows. There is some shotgunning of the digital currency market with other virtual currencies; ICOs are initial coin offerings. Analysts at Satis Group indicate only about 5% of ICOs are successful or even look like they might be, while over three quarters of ICOs are scams. See: https://deadcoins.com. They compare to 'pink sheet' penny stock fantasies. “Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’”. @cointelegraph.com China and a few other countries have outlawed them, and about half of them failed in 2017. Deception abounds, but there is also healthy competition as a few other currencies find their lesser niche in an ocean of capital, unless bitcoin co-opts those functions as well. We are confident that the blockchain can incorporate state of the art speedy hardware and software to expedite transactions, such as the Lightning Network, already successfully tested in real time: see: https://lightning.engineering/ and https://twitter.com/lightning. Also: https://news.bitcoin.com/first-real-bitcoin-lightning-network-payment-completed-via-bitrefill/ For less than 1 cent, Lightning Pizza Lets You Order Domino’s Pizza With Bitcoin anywhere in the U.S. with instant transactions and a 5% discount: http://LN.Pizza. There is plenty of optimism regarding bitcoin's future, such as this excerpt from a cointelegraph.com news article:
"Over the course of 90 days, Bitcoin values grew tenfold as an economic panic set in, bringing Bitcoin national press from CNN and others as the newest of virtual safety nets. History repeated itself last summer in Greece, as Bitcoin was pushed to an annual high by the economic collapse of the island nation in the Mediterranean Sea. The 'Brexit' vote forced the British Pound to drop over 10 percent, and this market value quickly switched to Bitcoin, spiking over $100. The election of Donald J. Trump as the 45th United States President, added a quick boost to Bitcoin of almost 4 percent in one night, as the specter of Trump spooked the markets.
Can a bull-run be guaranteed? No, but we’ve seen this movie before and know how it ends. As more E.U. members implode, and as Bitcoin continues to show its intrepid strength, year after year, where would you move your money in a crisis? Bitcoin is proving to be the best play in town, regardless of what country your town resides in. Given the fact that Italy is a considerably larger economy than Greece or Cyprus - Italy is ranked fourth in the E.U. overall, behind France - it looks like it could be a very Merry Christmas for Bitcoin owners." That is, until the January 2017 profit taking (but quickly followed by a price rebound). See also: https://bitcoinist.com/seven-financial-crisis-trigger-events-that-will-boost-bitcoin-adoption/
The online bitcoin company http://www.xapo.com offers a BTC wallet, a BTC debit card for ATM machine use in dollars, and like most competent wallets, the security of a deep cold storage Bitcoin security vault intended to protect bitcoin from hacker thieves. The CEO, Wences Casares, believes Bitcoin is the only digital currency that will survive, and it will be bigger than the internet. They also accept a check-in-the-mail to fund your account, enabling you to buy now, if the check arrives in California within 3 business days (moving to Switzerland soon?) They are registered in most US states. Xapo president Ted Rogers suggested "alt-coin" cryptocurrencies could be facing a “mass extinction event”. He added, Bitcoin trading around $6000 provides an “incredible opportunity” to buy. Their website quotes one advisor: "Lawrence H. Summers was the Secretary of the Treasury under U.S. President Bill Clinton, and continues to be one of the leading economic and policy thinkers of our time." (Redemption of a bankster?)