Is Bitcoin Going To $1,000,000

[moon2021]

Love this I'm a cryptp guy and this is right on the point

[moon2021]

For the first time ever, America's oldest bank, BNY Mellon says it's planning to offer some cryptocurrency services.
That's good news for digital currencies like Bitocoin - which has been soaring to all time-highs.
While investing in it can be a rollercoaster ride that comes with many risks, that hasn't stopped the Chief Executive of Tesla Elon Musk, from purchasing a $1.5 billion stake in it. Tesla is also now expected to accept the virtual money as a form of payment.
That and BNY Mellon's decision to allow cryptocurrencies in its services, has seen a boost for digital assets.

[moon2021]

Former Assistant Secretary of Housing and investment advisor Catherine Austin Fitts says you have to be careful and fully understand Bitcoin. Fitts explains, “We do know they want to go to an all-digital system with central bank cryptos. The easiest way to build the prison is to get freedom lovers everywhere to build the prison for you. To me, Bitcoin has always been the prototype on the way to building the all-digital crypto system that they would love to put into place. You have $400 trillion in fiat (currency) and it needs a place to go. If you are trying to buy up all the gold, silver and farmland, the last thing you need is competition from retail. They want to shift them into crypto and get them to build the crypto train tracks. In a funny kind of way, it’s brilliant.

There is talk by big banks that Bitcoin could go to $1,000,000 per unit by the end of the year. Fitts thinks, “This is absolutely possible. This is pure politics. This has nothing to do with economics. How much will the central bankers, who can print as much money as they want, spend to get you into this platform? Your guess is as good as mine. The sky’s the limit as to how much they can spend. Remember, once they decide to bring out the central bank currencies, and they have steadily been regulating the crypto currencies, Bitcoin and everything else, so the day they decide to take this to zero, they can do it. If you are going to invest into cryptos and build our prison for us, what you need to know is this thing could go to $1,000,000, and it can also go to zero. This is a highly speculative market, and you need to approach it accordingly.”

[gkearney]

One word: tulips

[BeNotDeceived]

One word: tulips

https://theconversation.com/tulip-mania ... rong-91413

Tulips meaning was flooded by flower promoters.

Tulips parable, did the trick.

Once upon a time, great tulip beds surrounded the COB.

[Reluctant Watchman]

Where are we placing our treasures?

[markharr]

Fiat currency. Just like the dollar, it's just numbers on a computer. It has no intrinsic value.

[Claymore]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

[2ndRateMind]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Seems to me the bitcoin should be treated like any other risky investment: buy only as much as you can afford to lose, and let it form only part of a diversified portfolio.

Best wishes, 2RM

[markharr]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

[Reluctant Watchman]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I like your list. I would add this to my list: caring for those less fortunate. Are we not all beggars?

[Claymore]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I think you drew an awful lot of conclusions from my little post about the goldbugs and bitcoin. I insinuated nothing. I just think it is funny how goldbugs have been saying gold is going to the moon everytime it moves $50 or the printing press gets turned on during an economic downturn. Then bitcoin comes along and does what the goldbugs have been saying gold should have done decades ago.

I don't own either and have never owned them. Bitcoin is too volatile to be a medium of exchange IMO. I don't purchase gold or silver because it serves no purpose except for industrial uses. Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

[markharr]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I think you drew an awful lot of conclusions from my little post about the goldbugs and bitcoin. I insinuated nothing. I just think it is funny how goldbugs have been saying gold is going to the moon everytime it moves $50 or the printing press gets turned on during an economic downturn. Then bitcoin comes along and does what the goldbugs have been saying gold should have done decades ago.

I don't own either and have never owned them. Bitcoin is too volatile to be a medium of exchange IMO. I don't purchase gold or silver because it serves no purpose except for industrial uses. Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

I actually have about an 1/8th of an ounce of gold that I bought a couple of years ago and I keep it in the same model of safe that the lock picking lawyer breached in about 30 seconds.

I am not really someone who invests in gold either. I believe we should be gold standard as the constitution dictates because Gold can't be printed.

The only true wealth you can build in this life is what you do with your time, and your talents.

Every monetary system is just a complicated way of trading in one or both of those two.

[Claymore]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I think you drew an awful lot of conclusions from my little post about the goldbugs and bitcoin. I insinuated nothing. I just think it is funny how goldbugs have been saying gold is going to the moon everytime it moves $50 or the printing press gets turned on during an economic downturn. Then bitcoin comes along and does what the goldbugs have been saying gold should have done decades ago.

I don't own either and have never owned them. Bitcoin is too volatile to be a medium of exchange IMO. I don't purchase gold or silver because it serves no purpose except for industrial uses. Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

I actually have about an 1/8th of an ounce of gold that I bought a couple if years ago and I keep it in the same model of safe that the lock picking lawyer breached in about 30 seconds.

I am not really someone who invests in gold either. I believe we should be gold standard as the constitution dictates because Gold can't be printed.

The only true wealth you can build in this life is what you do with your time, and your talents.

Every monetary system is just a complicated way of trading in one or both of those two.

I agree. I see money as a way to measure value. Unlike a unit that measures volume or length, it is always changing. How can one measure the value of something if it is always changing via inflation and deflation? It makes it hard to plan for the future when one has to account for future prices via inflation.

Claymore

[moon2021]

Interview date: February 18, 2021

Get ready for a WILD ride in February, March and April...says Bo Polny on the Daily Truth Report!
Bo Polny: The World Reborn! Trump Second Term, 3-Digit Silver, $100,000,000. Bitcoin!
Download Bo's slides here:
https://drive.google.com/file/d/1D6-i...​

If you want Bo's trading Newsletter, go to https://www.Gold2020Forecast.com​, use code NOAH49.

Red Sea Moment? Here are the signs:
https://welovetrump.com/2020/11/16/ha...​

Want to learn the BASICS of crypto? https://www.easycryptoschool.com​
https://noahreport.com

[BeNotDeceived]

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I think you drew an awful lot of conclusions from my little post about the goldbugs and bitcoin. I insinuated nothing. I just think it is funny how goldbugs have been saying gold is going to the moon everytime it moves $50 or the printing press gets turned on during an economic downturn. Then bitcoin comes along and does what the goldbugs have been saying gold should have done decades ago.

I don't own either and have never owned them. Bitcoin is too volatile to be a medium of exchange IMO. I don't purchase gold or silver because it serves no purpose except for industrial uses. Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

I actually have about an 1/8th of an ounce of gold that I bought a couple if years ago and I keep it in the same model of safe that the lock picking lawyer breached in about 30 seconds.

I am not really someone who invests in gold either. I believe we should be gold standard as the constitution dictates because Gold can't be printed.

The only true wealth you can build in this life is what you do with your time, and your talents.

Every monetary system is just a complicated way of trading in one or both of those two.

I agree. I see money as a way to measure value. Unlike a unit that measures volume or length, it is always changing. How can one measure the value of something if it is always changing via inflation and deflation? It makes it hard to plan for the future when one has to account for future prices via inflation.

Claymore

A unit of work doesn’t do that; the Dineros paid by the Good Samaritan literally mean “a days wage”.

Calories in your food storage is a good example, and aren’t something you can conjure up out of thin air, although at times mana may fall from heaven or loaves may magically multiply.

[moon2021]

I think you drew an awful lot of conclusions from my little post about the goldbugs and bitcoin. I insinuated nothing. I just think it is funny how goldbugs have been saying gold is going to the moon everytime it moves $50 or the printing press gets turned on during an economic downturn. Then bitcoin comes along and does what the goldbugs have been saying gold should have done decades ago.

I don't own either and have never owned them. Bitcoin is too volatile to be a medium of exchange IMO. I don't purchase gold or silver because it serves no purpose except for industrial uses. Also, I feel that if the SHTF, no one will care about gold or silver. Only things with practical uses will be worthwhile to barter with. Just my thoughts on the matter.

Claymore

Spring brings the biggest move of God’s ever in the History of this World, one of God’s biggest surprises ever to hit the elite who have manipulated the price of everything for generations. The markets will crash, and GOLIATH will fall! God’s people will begin to rise-up in America and the world. Spring planting begins for the coming November 2021 ‘Great Spiritual Harvest’! Gold and Silver [God's money] and also bitcoin, including many alternate cryptos, will suddenly multiply in price causing GREAT REJOICING by the 'wise' who have listened & prepared, as the world suddenly AWAKENS to a NEW ERA of TIME by April 27, 2021... an ERA of prosperity and at the same time scarcity for those unprepared.

​

Is your family's Life-Boat of silver, gold, food, water and even bitcoin and cryptocurrencies in order? What about your family's ARK-of-SAFETY, have you considered BUILDING one in the mountains or getting involved financially when God's raises His money?

​

This year 2020 marks THE BEGINNING OF THE END, for we live in Biblical Times! Time is at hand for the 'elite' who have manipulated the markets, interest rates, gold, silver prices and who have controlled the money supply for generations. Coming in 2021 will be FIRST THANKSGIVING in the NEW ERA, when fear and hopelessness turns to rejoicing and love! Do not lose FAITH or HOPE, for God, the Father, is in complete control. ​

I actually have about an 1/8th of an ounce of gold that I bought a couple if years ago and I keep it in the same model of safe that the lock picking lawyer breached in about 30 seconds.

I am not really someone who invests in gold either. I believe we should be gold standard as the constitution dictates because Gold can't be printed.

The only true wealth you can build in this life is what you do with your time, and your talents.

Every monetary system is just a complicated way of trading in one or both of those two.

I agree. I see money as a way to measure value. Unlike a unit that measures volume or length, it is always changing. How can one measure the value of something if it is always changing via inflation and deflation? It makes it hard to plan for the future when one has to account for future prices via inflation.

Claymore

A unit of work doesn’t do that; the Dineros paid by the Good Samaritan literally mean “a days wage”.

Calories in your food storage is a good example, and aren’t something you can conjure up out of thin air, although at times mana may fall from heaven or loaves may magically multiply.

[Lexew1899]

Bitcoin in the absolute gutter today. Guess it’s too early to turn in my two week notice. Not a Bitcoin millionaire yet.

[ajax]

Anything is possible amidst credit fueled speculation

[Lexew1899]

It probably will hit 1 million in the next decade. If something doesn’t destroy the entire financial system first.

[carbon dioxide]

The problem with Bitcoin is that its not truly scare like gold is. The scarcity of bitcoin was instituted purposely by its creator. There is no reason that government action could not break it up in a 5 or 10 to 1 split. It is artificial scarcity. Plus there are other cryptocurrency that can be used to replace bitcoin. Some of them probably are better investments at this point than bitcoin. I don't think it will hit a million. That would give a market cap of 20 trillion dollars.

[ajax]

Harvard Professor Warns Central Banks Will Never Allow Bitcoin to Go Mainstream
https://www.economicpolicyjournal.com/2 ... s.html?m=1

Harvard Professor of Economics and former chief economist at the International Monetary Fund Kenneth Rogoff told CNBC that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream. “Eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see that happening here,” he warned.

“Clearly, there are a lot of wealthy people and well-known financiers, often very senior, who publically said they are investing in it [bitcoin] and that has given confidence. But I have to say, regulation is in its early innings – if there is no final use case for bitcoins, [and] I don’t think it’s going to be, [then] ultimately this bubble will pop, but it could take a decade,” he said.

“As it really starts to compete with ordinary, fiat currencies, government currencies, I think they’ll clamp down on it like a ton of bricks. They are not going to allow that to happen,” he added.

Rogoff knows of what he speaks. He is a major league, top-tier government technocrat, who has the ear of governments globally. I think he is a despicable statist, (He wants to ban cash) but he does understand the state's perspective.

The price advance in bitcoin is extremely powerful at present but the government is not going to allow any cryptocurrency, outside of its own, to exist as a general medium of exchange.

“I don’t think regulating it is all that difficult,” Rogoff said and he is correct.

The hammer is there whenever they want to use it.

[Lexew1899]

Only a few more years and I’ll be a millionaire.

[The Firmament]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

Gold's value in what? Toilet paper? Otherwise known as the dollar.

Gold has value because it never corrodes, it is durable, divisible, portable, fungible, and a permanent store of value. The gold money used in ancient Egypt is still around and still just as valuable if not more due to industrial applications. It will still be around in the millennium and still have value while every fiat currency since Egypt including the dollar and Bitcoin will be long since forgotten.

What do you think is going to happen when the US or other nations pass a law requiring every crypto to send a record of every transaction to the IRS to be regulated and taxed or face prison?

They will cave even more quickly than Trump did. They will cave to the beast as every institution has done

I don't care about getting rich quick. I never have. It's not even true wealth. Everything it buys will end up in a landfill some day. I only care about having a humble home, clothing, transportarion, food, education, reasonable medical care and some left over for a vacation every now and then for my family. That's just me. You are free to desire whatever you wish.

I would add a nice backyard for entertaining but everything else I am right with you.

[ransomme]

I think it is hilarious that the gold bugs are beside themselves because bitcoin went from $5 to $50,000 (and still rising) in a decade. They have been saying gold would do that for 40 years now. I guess one day in the distant future they will be right.

Claymore

It's true, but it is also true that all those markets are manipulated and a part of Babylon.

So what are the chances that if/when the NWO/Great Reset come about that they crackdown on crypto?