I know about half of you think BTC is some scam or something, but it isn't, and it's well on its way to breaking a new all time high. It will get very close to, maybe even surpass $100K per in the next few months.
To those who said the ETF will cause BTC to CRASH... where you at now?????????????
I am just posting this to let people know that I wasn't an idiot, my predictions that you've all roasted me for in the past, is coming true.
To those who still are on the "but muh gold and silver" bus... ask yourself this...
If we are truly going to have a new finance system that takes over the current fiat system... do you really think that new system will use gold? Or something that is actually feasible and transactable globally?
Lets for a minute pretend the power and internet doesn't shut off for a very long period of time (it won't, not globally)... and it is just a normal fiat system crash that happens (much more likely)... wouldn't it suck to be sitting there on your pile of gold, unable to easily transfer it, unable to liquidate it fast, and no actual stores accepting it as payment (because all stores will switch to BTC or something else... not tangible assets like GOLD or Silver... that ONLY happens in a sever SHTF scenario, world ending type scenario). That would suck, wouldn't it?
I say again Bitcoin is the greatest threat to the current fiat financial system, the fed, and government control the world has EVER SEEN. If you actually think it isn't part of the plan, then you are living with a phat blindfold over your face.
I'm not saying to put all your eggs into BTC But I am saying that it is a very good idea to obtain at least SOME btc. If the fiat systems truly implode and disappear... bitcoin will be the only usable currency left. And it will be extremely valuable to the point where you and your family likely won't have to suffer nearly as much as those who thought gold and silver was the way and avoided btc like it is some sort of plague.
Still liking my silver.
It's been real money for thousands of years.
and it does not require electricity or devices to trade with it.
Also it's heavy an shiny and fun to play with. It has its own unique sound when you drop them into your hand. You can tell it's real by the sound.
Anti-microbial, and the #1 conductor of electricity...
Having silver isn’t a bad idea, the bad idea is not having ANY BTC.
BTC is far more likely to become a interim (at minimum) financial system, when the current one goes boom.
So you are saying I can buy some with silver then?
It looks to me like it's being pumped so SHF have collateral. What's going to happen when they have to give me my tendies?
It isn't being pumped for any other reason than the same reason it pumps every few years.
The halving.
In 50~ days, the amount of BTC miners will earn for their proof of work mining will be cut in half. Thus doubling the "cost" to obtain new BTC, thus creating scarcity and higher supply & demand, and a higher price.
This is a very predictable, calculable, and reliable pumping for BTC. It is the main source of every big BTC pump in history.
Looks like they use that as a reason to pump and dump,in any event buy low and sell high. Don't buy now, wait for the dump.
If it replaced the doller, I will be paid in all the bit coin I need.....
I doubt it.