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.
Well ending the current financial system where govt's are effectively able to continuously enslave us with... is part of the plan... and Bitcoin is the only true threat to that system. We may still use dollars with whatever new system is implemented... but bitcoin is the catalyst for making the current system collapsing be something that won't destroy the world, because we have a great alternative that exists, is immutable, global, and efficient. It's called Bitcoin :).
And to be honest with you, I truly believe people who have no btc... are going to be very sore when the current system collapses. So yes, I am saying if you have no btc and only precious metals you are going to be semi-fucked. You will have issues "spending" your metals, when stores all accept Bitcoin because it is far easier and more realistic in a time like that... than precious metals.
Holding only precious metals, you'll eventually have to liquidate them for Bitcoin (at a MUCH higher per-BTC cost than today).
I think having SOME gold and silver is a very good idea. It will hold it's value and can be converted into goods for sure. But for the day to day regular spending... BTC will be king, and I think obtaining some of that has been a very good idea, it would have been better though if people did it when I first started talking about it.
Keep in mind, my overall thinking is no more than 10% of anyone's worth should be invested into ANYTHING. So overall I am only talking about that 10%... I believe the smart play is having some portion of that 10% be placed into BTC. Not all of it, but some of it. Even if you change your mind after some months, we are in the middle of a bull run so selling and getting out will likely result in a financial gain overall. The risk is very low, far lower than the risk of being wrong that BTC won't be the primary currency if/when the shit hits the fan with the current system. It's just my opinion. My thread is to just point out to those I have argued with in the past, that what I have told them all year was going to happen... is happening.
Silver and gold are the threats to the fiat system, not made up computer digits.
Inflation changes the value of the stock market and Bitcoin. But it doesn't change the value of silver and gold. They are mostly unchanged in real value. An ounce of gold will still buy a nice suit of clothes, just as it did 100 years ago. These are facts.