Are PM's/Fiat/Cryptocurencies Sharing The Same Flaw? Here Comes **The** Rabbit Hole!
Any currency, would it be backed by precious metals, fiat or crypto that cannot prevent **irrational exuberance** is flawed. But how so? Well, they cannot prevent anybody from attempting to take more than what s/he puts in, hence the participation into bubble making. That is called a casino gaming. and its side-effect is embedded in all currencies as each era has had its countless booms and busts.
Yet humans haven't learned.
History repeats itself but why? Here comes **the** rabbit hole! What rabbit hole, would you ask? That we can only stop booms and busts by controlling our emotions first, regain the mastery of our own self. There lies that very rabbit hole, it is within. Nobody can really teach this experience of mastering one' self because each experience is unique.
In his july/7 video, Jeff Berwick advised to Be Like Dogs: Living In The Now and Accepting Reality. Indeed. The day will be living more in the knowing (awareness) and less in the sensing (excitement), we will cease to struggle to make ends meet. The Matrix works in reverse and that is what anybody wandering the rabbit hole will learn, some faster than others.
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Thank you for resteeming and upvoting these ideas, more people have to know that there is a bold solution to embrace the end of darwinism/competition that will be upon us in 10 years from now. The Earth Custodians Movement is a futuristic endeavor for humans who want to remain humans and to spread the importance of understanding Objective Reality for the sake of peaceful sciences. Moreover, it doesn't really matter as to whether we'll be seeing such a concept come true in our lifetime, what really matters is that we quit hoping that the next generation will take care of this heavy burden, because this is what led us to the impasse to start with.
You don't understand how bitcoin works. There will be 21 million coins. That's it. No inflation, no exuberance. You can only sell as much bitcoin as you own. That's it.
Booms and bust originate from the fractional reserve nature of our fiat currency. In other words, banks.
Other than this, your post doesn't make much sense.
The problem is emotional bullishness here, wealth cannot be created, global wealth is an oxymoron. We can only create what is needed in the now, projecting the future doesnt work but only benefits ((them)). The more we project the more projections fall short, unless one grasps objective reality. That is why we are wasting so much, because most cannot make sense of the whole and are tricking the game... and it has consequences.
when speculation and emotional bullishness show up in sync, a bust can be predicted easily. No if but when. I stick to what I said, I agree with Adams
MIKE ADAMS: But because bitcoin is a currency whose value is based on the psychology of human beings, , it is subject to booms and busts. Bitcoin has enjoyed a meteoric rise from roughly $20 per bitcoin in February to almost $200 per bitcoin today. (Yes, nearly a 1000% return in less than two months.) http://www.naturalnews.com/039830_bitcoin_bubble_crash.html
a real currency would have to have a value that emotions cannot stretch, but it doesnt exist because the mind is in command, so all currencies have the same flaw embedded.
it is understanding that when the mind fixes the price, things always go wrong. Value will forever remains subjective. There were booms/busts with gold, fiat made them worse... and cryptocurrencies we'' get much of the same, as we saw last week. Not to mention that a global cyber 911 attack may occur at any moment, no if but when... and many will run toward the exits.
no bubble here.. ??? I call this an episode of greed
All of the modern industrial and technological world projects into the future. ALL the gains we have made in making life more than a mad scrabble to stay alive one more day is our ability to project into the future. Every year, we use more resources more economically . When we project into the future INCORRECTLY, we fall short. When we project into the future CORRECTLY, we make significant gains.
The price of bitcoin shows how using a limited supply item as money can be extremely beneficial to the holder of that item. That is why gold has been used as money for thousands of years, it holds its value. Bitcoin is just starting out and the demand for it is going through the roof, therefore high demand and very limited supply means quickly rising prices. Those who understood the nature of bitcoin early on profited greatly. But there is no "bubble". There is no debt in bitcoin. There are only people that hold it. The more people that want it will continue to push its price up. If people stop wanting it, the demand will go down, along with the price. Very simple economics.