Bitcoin Hit $10,000.00 for an all time High, then $11,100.00 14 hours later.
Bitcoin hit an all time high of $10,000.00 early on November 28th, 2017. 14 hours later it hit $11,100.00 shattering all records. This is crazy. BTC has never jumped $1200.00 in less than 24 hours before. What does this mean?
Fiat Global currencies are collapsing. The rise in crypto currencies is due to the collapse of the Global Fiat currencies of all Nations. This is scary. The rapid rise in the crypto currencies is unheard of. Never in history, have we had such a competitor to Fiat currencies. The Global Elite and their Central Banks have been able to suppress any competition to their paper currencies for hundreds of years. Silver, Gold, Stocks, Bonds, Diamonds, you name it, they have controlled the prices. This gave the illusion that Fiat paper currencies were strong and a store of value. It really was not strong or a store of value.
Fiat currencies always end up reaching their true intrinsic value, ZERO. The powers to be have done very well to keep their junk currencies relevant. They have taken great lengths to deceive the population into thinking paper currency is valuable and worth working for. Those days are quickly disappearing. Since the crypto currency market can not be manipulated. Hyperinflation can not be hidden when compared to the crypto market. The crypto market is the only true free market that is showing the weakness of the Global Fiat paper currencies.
Bitcoin and other crypto currencies are not in a bubble. The block chain and crypto's are honest money and data streaming. What is in a bubble, is the Stock Markets and real estate. The world is going completely digital and crypto currencies are a natural progression of mankind's advancement. Using Fiat currencies are like going back to a square wheel instead of a hover board like Marty McFly used in Back to the Future.
The rise of crypto currencies will continue for more than a decade. $Trillions of dollars are headed towards crypto's over the next 5 to 10 years. Fiat currencies will be pouring into the crypto's as people panic out of their worthless paper into a solid mathematical block chain public ledger format. When we decide to adopt crypto currencies will determine how much of the gains we will realize.
Get rid of your square wheel and get your Marty McFly hover board now! Who knows, as you read this article, BTC may be close to $12,000.00 (12 hours later).
images by: meta.stackoverflow.com, popsci.com:
More than likely will be close to $12K in 12 hours. I don't like what I was hearing on mainstream news about how the IRS should get involved to tax it and talks of taking control of it. I know I read from many sources how it's out of their hands but I think eventually they'll find a way? What are your thoughts on this? Do you think that by trading it such as metals they'll be able to eventually bury it in paper contracts and control the price?
They do want to control crypto's . Yes, they are working 24 hours 7 days a week to find ways to control, manipulate or tax it to oblivion. I am worried. Governments and Central Banks are highly corrupt as you know. They will not be able to control black markets using crypto's if it ever gets to that point.
Well of course they do. It reminds me of an article I saw that the IRS went after coinbase for it's users and their accounts due to people not claiming their gains. If all this new crypto money is web based how can they not "one day" gain control of it or funnel all coins down, over time, into just one that they own? I know this is far fetched but is it not possible ..... one day? Don't get me wrong, I'm in and love it. But these thoughts are always in my mind especially if we only adopt crypto's and use nothing else.
Very true. I also have physical gold and silver. I keep two months of cash for bills but I really do not want Fiat anymore. I only except crypto's and silver coins now for my work.
That's very kool and progressive. The metals are smart and this crypto journey we're all on is too. I hope it stays in the realm of the people and not the handlers but we all know good and well when there's blood the parasites come out in droves.
what do you think... will it chase $15 K in January 2018? I guess it will be...
Bitcoin will continue to rise over the next 25 plus years. The older Bitcoin gets and the longer the original legacy chain gets it becomes more valuable and irreplaceable. Owning 1 Bitcoin will be a life changer for that person and their family.