Bitcoin & Co: An irrational rally
Bitcoin & Co: An irrational rally
Especially among the top dogs of the Crypto currencies, a gold rush has developed very strongly in the Tulpenhy-Sterie recalls the late 16th century.
Bitcoin is talked about everywhere, although only a small percentage even understands what a cryptocoin is, let alone how it works. Blockchain is the new magic word that is being peddled. The blockchain has incredible potential, but in a wide variety of directions. Using Bitcoin as an example, I would like to explain my concerns and urge you to be vigilant. The end result may be the same as with the tulips.
If you start a discussion with someone today about what happened during the tulip mania, you are guaranteed to shake your head about the irrationality of that time. “How could people be so unworldly?” Is the unanimous consensus. In principle, this is based on one of the human characteristics that have stood the test of time: "Greed eats the brain!"
I can literally feel the mental murmur of the crypto fans, how can you compare the Bitcoin with tulip bulbs? If we take a sober look at the situation, we would get lost at this point with a discussion on a philosophical level. Therefore I refrain from explaining this in more detail.
At this point first a chart for Bitcoin and Ethereum over the year:
If there were no fools in the world - what would the world be ... and first the stock market?
André Kostolany
No matter how you think about cryptocurrencies, there are some principles that should always be considered. With Bitcoin, for example, there are so few acceptance points that some regional currencies are more successful. The predictions of development are driven up just as irrationally as the greed of the speculators. Nothing else is what is being done at the moment, even if I believe that in the background “institutional interventions” continue to drive the course. Why do I come to such an assessment?
There isn't much that would bring more joy to governments and financial institutions than an end to cash. Countless attempts to do so have failed and if it were forbidden by law, a revolution would be the likely result. This does not apply to all nations, but it does to the relevant economies.
How is it that the cryptocurrencies are given so much "leeway"? Why is the use not simply declared illegal? This would put an end to the "spook" very quickly because mass speculations on an illegal level are rather unlikely. The explanation seems to me as simple as it is conclusive, one wants to create the broadest possible acceptance. The top dogs of the crypto currencies create a common consensus - without obvious intervention by institutions.
But you can't just leave it in the room like that. Behind closed doors, the debate in the USA was launched to link crypto currencies with terrorist financing. (https://www.mintpressnews.com/us-launches-quiet-crackdown-cryptocurrencies/230850/). There is also an article on Zerohedge: " US Launches Quiet Crackdown On Cryptocurrencies ". What effects a US law would have on cryptocurrencies certainly does not need to be specifically explained.
Let us assume that politicians and central banks have already developed their own "blockchain system" to reinstall the classic monetary system after a collapse. Wouldn't it be more than stupid to demonize or fight Bitcoin and Co beforehand? Of course, X Bitcoin and Co would have to be destroyed at one point, but without damaging the reputation of the technology itself. The possibilities that could be derived from such an implementation on the tax side alone are likely to give some finance minister wet dreams.
Just as the actual Internet has been labeled as a “dark net” and playground for terrorists and criminals, this could also be done with common crypto currencies. In addition, a few concentrated waves of sales and the topic would be done for Bitcoin and Co. Who says that institutions like the PPT are not already buying massive amounts of Bitcoins in the background and thus driving up prices in order to generate such enormous price pressure in the appropriate time that there is no stopping them gives? Honestly? If I were responsible, I would do the same.
In retrospect, you communicate how good the technology itself is, but there has to be a kind of "superintendent" so that something like this does not happen again.
I largely agree with an article on CNBC (https://www.cnbc.com/2017/07/20/bitcoin-bubble-dwarfs-tulip-mania-from-400-years-ago-elliott-wave.html). There Prechter is quoted as referring to the bright future of blockchain technology, but he also says that Bitcoin may not be one of them. If something with no intrinsic value and without far-reaching acceptance points continues to climb new highs, it is purely an object of speculation. It is well known how such hysteries often end. I can't think of any rational reason that could give cryptocurrencies an exception. At the latest, if Bitcoin actually poses a threat to the current Ponzisysteme, massive government intervention would put an end to it. Just my 2 cents.
Carpe Diem
« Quote of the day»
August 22, 2017
Bitcoin and crypto: Tulip mania reloaded
this morning read at inside paradeplatz
August 22, 2017
BITCOIN and ETHERUM is a Rotschild and Agnelli Empire Money Machine. See the cover of "The Economist" magazine many years ago. https://i.ytimg.com/vi/A8HmYsA1zS4/maxresdefault.jpg
Get ready for a new world currency in 2018 his cryptonerds pronouncing http://cryptogeeks.com/bitcoin-thirty-year-ago-economist-magazine-predicted-flashback-1988-get-ready-world-currency-2018
See how Rotschild and Agnelli pushes their secret work, create a new global money outside the currency system of nations, in his pocket:
Most people didn't know anything of the hidden meaning of brother john of patmos, as he wrote down the meaning of the number and who controls it !!
The number is a special counting system named hexadecimal system (the hexedecimal counting was born in ancient babylon !!!). This system based today in every computer motherboard chip system, in every calculator you use in your hand or in your head.
A robotic and a supercomputer brain system is a copy of a human brain in the next couple of years.
Who controls money? The central banks. Who controls the central bank system? The Moneymakers, the Superrich Investments and Brokers. Who is the kings of them? Rothschild and Agnelli.
August 22, 2017
Michael Mross predicts a Bitcoin rate of over $ 1 million:
23 August 2017
Bitcoin is already infected by the greed virus.
Every currency, money, medium of exchange that allows a few to become exorbitantly speculatively rich is already a destructive system in a new guise.
“No upper limits” - Merkel's motto, is destructive and every system, process (e.g. migration, monetary systems, economic systems, property), every possibility of unlimited access to material things is deeply hostile to people and life.
August 27, 2017
Oh how nice that the Internet portal HARTGELD once again oracles and crystal balls that all banks close on Monday, the Russians are coming and the emperor is resurrected in China. No, it is not that easy to predict a crash in these crazy times. We all know here that there are problems that are unsolvable, but the shift into the future goes on and on every day. Of course a crash would be the solution, but no profit! On the contrary, the refeudalization of Europe continues to pick up speed with the AfD. The LINKE, which has long since infiltrated the transatlantic, is the stirrup holder of the transatlantic RIGHT.
Jean Paul says:
August 27, 2017
Bet the mother goes to bed with the AfD ?!
August 27, 2017
Wall Street banks report crash advance for the first time !!
Wall Street Banks Warn of Imminent Market Crash
When the Big Banks Warn of an Impending Market Crash, It's Time to Pay Attention
An economic downturn is imminent, according to three major banks in the know. Investors should be especially fearful that a market crash could present itself sooner rather than later. After all, the major banks don't issue such warnings lightly. They have securities to sell you.
Bank of America Merrill Lynch's head of US equity and quantitative strategy, Savita Subramanian, sees a similar phenomenon taking place. She believes that investor apathy over stagnant earnings is a sign that a global stock market crash could occur. According to her research, companies that exceeded analysts' profit and sales estimates across 11 sectors saw no post-earnings bump in prices. This is the first time since the mid-2000s that this happened. If good earnings reports can't move the needle in the post-earnings trade session, the market is already discounting the news. (Source: Ibid.)
From the spring of 1923, the measurement number of the dollar rate in Berlin hyperventilated upwards. The Reichsmark crashed down and completely devalued. The cost of living became unaffordable, the dollar rose astronomically.
From a Bitcoin perspective, the world is in a gigantic deflationary spiral. If you consider the value of a bitcoin to be stable, everything else devalues on the other hand: real estate, stocks, bonds, gold, goods and services.
Incidentally, debts too. Calculated in Bitcoin, the national debt has fallen massively in recent years. The catch: In order to create enough liquidity to suck up the national debt (60 trillion US dollars), Bitcoin would have to rise to 3.6 million US dollars.
Well then: Off to the greatest hyper-deflation of all time.
Bitcoin has always bridged powers of ten in a short time. The path from 10 cents to 1 dollar, from 1 dollar to 10 dollars, from 10 to 100 dollars and from 100 to 1,000 dollars was covered within just a few months (following chart). https://www.wellenreiter-invest.de/sites/default/files/x20170827.bitcoin.potenzen.PNG.pagespeed.ic.BNyBW64n9y.png
Bitcoins : the new world currency of the global money elite, or let's call it what it is, the Temple Mount, And where is this Temple Mount? In New York! His new name OWTC on the ground zero (the zero point, the reload of the matrix).
Harpex Chart viewed over two decades. World trade has been falling since the end of the Cold War. This also explains the debt overhang in the whole country. Consumption on credit, lots of hot air instead of the real economy on the stock exchanges. Shifting of TIED up capital into the pockets of fewer and fewer people. What I can't spend, I just don't use up. Actually even good, because it already has resources. No, there are NO resources because you are producing on a stockpile. You simply dispose of the surplus in the shredder behind the shops and write it off to the tax authorities. http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Total&&dataType=Harpex&floatLeft=None&floatRight=None
And what about the BDIY? Not even a bit better viewed over 2 decades: http://investmenttools.com/futures/bdi_baltic_dry_index.htm#bdi
August 28, 2017
The graphic shows it, you just have to smooth out the extreme fluctuations: http://investmenttools.com/images/wfut/crb/bdi.gif
Everything is moving at an average level and there are no growth rates in one direction.
All these finance gurus have no idea? Yes, but they are paid not to explain, but to deliver coffee grounds.
So one tries now with Bitcoins and Etherum etc. pp. Well let's see when the last paper dollar will be abolished.
Oh oops, His Majesty Lord Major of the City of London the jewels fall out of the crown:
British sub-prime lender staggering towards collapse It is
not only in Canada that the non-bank lending sector is making a name for itself. In Great Britain, too, one of the largest subprime lenders, the Provident Financial Group, is stumbling towards collapse. There are many reasons for this, and a look at current business developments is worrying.
Central banks are working on digital cash replacement
Bitcoin was just the beginning. At least a dozen central banks around the world are currently playing around to see whether blockchain technology can be used for their purposes.
Whether in association with friends and honest fellow “players” there is a possibility to somehow escape the “banking” system of rule, what to counteract, to escape absolute individual control, would have to be considered.
Again and again I am perplexed that the evil and the evils so imaginatively, with ever new ideas, the downfall of the human, a se, steers.
++++ RAPIDLY ++++ Canada's central bank must raise key interest rates almost silently in dire straits!
Current: Canadian central bank unexpectedly raises Leitznis, hard blow for borrowers, Canadian dollar rises sharply!
British EU riot brush Nigel Farage will appear in Berlin at the AfD final rally, reports ASR:
Nigel Farage will advertise the AfD in Berlin on
Wednesday, September 6, 2017, by Freeman at 6:00 p.m.
The British politician Nigel Farage and former UKIP party leader, also known as Mr. Brexit, will take part in an election campaign event of the AfD in Berlin on September 8th. He is supposed to give the party additional impetus, as he did successfully in Donald Trump's election campaign a year ago.
anju says:
September 10, 2017 at 2:26 am
Beginning of the end: China closes bitcoin casinos
Crypto currencies are the tulips of the modern age: they shoot up before they expire worthless - communists pull the plug.
September 10, 2017
China has switched the necessary energy trading for oil and natural gas to the gold standard instead of dollars.
Quote:
“The gradual departure from the US petro-dollar system cannot be emphasized enough in terms of its long-term effects. Because this system serves to keep the dollar stable as the world's reserve currency, even with massive issuance of government bonds and money printing by the Federal Reserve Bank.
For countries like Russia and Iran, there are now better ways to circumvent US sanctions when it comes to supplying China with oil and using this route to obtain foreign currency. The dollar is no longer needed. "
That puts the US oil and money barons on Wall Street in mass panic. It's not about North Korea, it's about China. The sect of death, the real government of the USA, is trying to incite India against China by means of an unresolved border dispute.
The secret is the election evaluation software of the Federal Returning Officer, which can be easily manipulated!
The madness will continue as the indoctrination of voting will save you or create change.. propaganda such as this will be pushed
What can you do about it? Go to vote, don't stay at home, you cant complain if you did not vote. Yes crap like this , Slaves remain slaves because they keep following the sheep to the slaughter!!
Elections are a fundamental right and THIS TIME it will be decided whether we will have a dictatorship or have freedom. The more you choose, the more difficult it is to manipulate. the ballot papers will be.
GO TO VOTE and, above all, VOTE WITH A VALID 1st and 2nd vote !! You may Vote up to 100 times, if you vote for the same system to continue!!!!
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