3 out of 3! Each time Bitcoin reaches parity with Gold, it fails. Here's why!

Bitcoins are in a limited supply, the Chinese love the idea of a transferable currency, and Bitcoin will survive today and grow stronger in the future. Alternative currencies such as Bitcoin, Dash and even Litecoin are the future of money!

There is some talk about a National or Federal coin being created to challenge Bitcoin, because Cash, as we know it, is becoming a collectors item.

Last Edited by ~ Prof. on 03/10/2017 10:58 PM

It has, there is no denying it! I own land and run an ag enterprise, I have a hard time making money. I am very diversified, yet, it is a struggle. It is very difficult for me to look at an asset that is on paper only, that could have any value!

There are a limited number of bitcoins that can ever be made. Fail.

U got to be crazy to buy bitcoin up here!!!

Buy gold or silver or ethereum for the price levels


Btc is toast

Even china might outlaw it

Comes a time when people realize you can't eat gold!

If bitcoin is money then everyone could start a crypto currency.

Now guess why this cannot possible happen.

How many of those coins are 'lost' due to wallets failing or being forgotten?

Lets go back to what value is, shall we?

Value = what someone will pay for said item.

Said item can be anything. Say someone produced an Elvis stool. What would that be worth to you? I wouldn't pay for a turd. But to an Elvis collector it would be the Holy Grail. So he would pay a LOT. It's all perspective.

That's right! I've been stockpiling booze for years now. I'm up to one bottle.

What a con job all that shit is. You'd have to be a true moron like in Idiocracy to buy into it.

You'd have to be a complete dumb-ass to not be.

btc trading at 1154... thread fail

Except for some intrinsic value that the ordinary person doesn't use, gold has zero value, practically speaking. When you get right down to it, labor is the only thing that has value. That is what brought Germany out of the Great Depression.

Bitcoin has value. Shit tons more than fiat boys and girls. Even more than Gold. Most people don't understand it and like everything else its all emotional.

Why is bitcoin more valuable than fiat?
Fiat is limitless and printed by governments willy-nilly.
It's printed on nearly worthless paper or fake coins (zinc vs copper pennies). There is no end to the supply and the only value it has is 100% perceptual dependent upon the common perception of the world markets, but it's true value is negative given the continual printing and exponential debt to actual money.

Bitcoin on the other hand is finite and actually quite scarce. This element of bitcoin is similar to Gold - however gold is also infinite in supply just simply harder to obtain through finding or yes manufacturing with science. Eventually gold will be mined on other interstellar objects such as the moon, mars, and asteroids. Bitcoin however will run out and never another made after 21 million are minted. You wont find new ones on the mars or moon. It is 100% finite given the integrated functional math. Thus it has inherent true scarcity, even more-so than gold and well its obvious that fiat is anything but scarce. Fiat is way too loose.

Now another thing that people just don't understand is the tremendous value in the hardware used to actually support the bitcoin network and the energy used to do so. There is millions if not billions of dollars being invested into the bitcoin network, applications, hardware and businesses that drive value into the digital currency. It costs the governments very little to just spit out new coins - while every newly minted bitcoin costs a lot of money just to create factoring in hardware and electricity costs. This cost also drives value into the coin.

The greatest value of all is that the coin represents FREEDOM to each and every individual on the planet. They are free to essentially be their own bank and to be their own stock broker free of the control imposed by those that run the world markets that are in collusion with world governments. Digital currencies are the safe haven for the average Joe, everyman. Of course the value will fluctuate - but over time it will simply continue to grow as the populace becomes more awakened to the fact that they no longer need to be under the wing of the bankers and that as more individuals own parts of the coin the higher the value vs fiat becomes. The returns are far greater than any other market - at least for the past 2 years straight and as scarcity increases so will this continued growth.

Beautiful explanation




You said "Of course the value will fluctuate - but over time it will simply continue to grow as the populace becomes more awakened"

I'll add to that; it will continue to grow AND stabilize.

You're suggesting there's some sort of mathematical correlation? E.g 21 million ounces of gold to 21 million btc (1:1)?

I'd like to see your research.

If the doom you're thinking about is ever encountered, internet will be one of or the first restored functions after the essentials and order. Plus, you don't even necessarily need full-spectrum wwww access to use bitcoin, if you are among/around enough computers with the blockchain, and at least some of them are also connected elsewhere. That's the beauty of the bitcoin network, it is one entity confirmed by thousands upon thousands of individual nodes spread over the globe, spread all over your very own communities and elsewhere.

These are not the dooms you're looking for.

Last Edited by Rest on 03/11/2017 06:10 AM

It has been so historically, but this last time it passed ppo of gold for quite some time. Definitely something to note, but it should also be understood; the value "one ounce of gold" is entirely arbitrary in regards to bitcoin, as we have no notion of how much gold there is in the universe, and so no notion of what one ounce of gold is relative to itself. We do however know the value of 1 bitcoin, as it is precisely 1/21,000,000th of whatever value is added to the bitcoin network wealth prior to calculation.

Last Edited by Rest on 03/11/2017 06:32 AM

Bitcoin won't last and I will tell you why..

The Rothschilds don't control it.
They only let something un-taxable go on for so long to see its effects and how it works.

They will force your politicians to make it illegal to own bitcoin eventually. Right around the time they launch Fitcoin. The federal international trading coin.. Controlled 100% and taxed by Rothschild.

If your holding bitcoin, you can equate that to holding a lit stick of dynamite.. Its just a matter of time before it blows.

Unless you see the rothschild collapsing soon and losing their monopoly on central banking currencies? I don't see them letting bitcoin go on much longer.. This is evident by the rejection of it on the Etf.