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Title: Bitcoin On Fire: Approaching $14K
Source: [None]
URL Source: [None]
Published: Dec 6, 2017
Author: Me
Post Date: 2017-12-06 20:04:28 by Pinguinite
Keywords: None
Views: 1284
Comments: 12

I'm sure a pullback is due at some point, but this is surpassing my most optimistic expectations. It's gone up about 15% in 24 hours, which was already a price from which a retrace would have been normal and expected.

Next week, the CME is set to start trading "Bitcoin Futures" which are to be settled in cash, something I would equate to simply a betting house for what the real bitcoin price will be, and likely being implemented solely for the purpose of attempting to suppress the true bitcoin supply/demand price.

They might as well be "futures" trading on daily temperature highs for some random US city. It would be just as legitimate.

I am now wondering if we're witnessing now a global economic revolution against centrally issued fiat currency, something that couldn't happen with gold an silver due to the PTB's successful manipulation of those prices.

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#11. To: Pinguinite, the end is near (#0)

It's gonna crash. Sell before you're left with nothing but a pile of digital dust, zeros and ones.

hondo68  posted on  2017-12-07   0:32:17 ET  Reply   Untrace   Trace   Private Reply  

It's gonna crash. Sell before you're left with nothing but a pile of digital dust, zeros and ones.

If bitcoin does crash, it'll be for a reason that coders of followup cryptocurrency (Etherium is #2, after bitcoin) will add safeguards against, and it would replace bitcoin. And if Etherium crashes, more improvements will follow in the next cryptocurrency.

The onslaught won't be stopped, and that assumes bitcoin eventually fails, which is far from certain. But either way, cryptocurrency is the new reality. Fiat currency, and with it centralized gov control of life, may be on it's way out in the foreseeable future.

Pinguinite  posted on  2017-12-07   1:35:40 ET  Reply   Untrace   Trace   Private Reply  

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