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RE: The Path To $10,000 Bitcoin

in #bitcoin8 years ago

From my sources Western Countries are looking at the prospect of possible, multiple false-flag attacks meant to disrupt financial awareness and further increase military spending once again pushing our government and putting pressure on it to enter oil rich nations to prop up the PetroDollar and intimidste those who are bucking the system. But as a whole I agree sith one small caveat. The internet for the most part can be regulated or at the very least monitored and manipulated which can severely disrupt the transaction rate of BTC trades which we can see is making them very slow. Crypto's as a whole have this one sole area of weakness but this does not change the dynamic of limited versus unlimited money supplies. The post is correct that central banks and the declining retail sector have weakened the USD and Euro and any asset which is limited, scarce or rare will always fair better especially in times of hyperinflation. $10,000 is not unreasonable but I think people sould be far better off not taking the risk of buying high and instead buying something that IS scarce and rare and has monetary value like Silver. Yes I am a silver guy. I think BTC will go up, absolutely, but so will other cryptocurrencies and one should not limit themselves to BTC because there are major forces that can control the flow and therefore the value and I think diversifying into STEEM and even Litecoin can make a better day-to-day alternative means of currency. But long-term always pick tangible assets to intangibles especially when you are talking about $1,200+-$10,000BTC versus $17-$20 1oz Silver rounds. Long term, Silver and Precious Metals, short term, whatever is not based on nothing but the ever increasing population and need for a medium of exchange like the USD and other central bank derived currencies. Think of it this way, if BTC goes to $10m it will have gone up 8X as will Gold which many say will do the same thing. At only $400 per ounce of Physical Silver you will have 20X the return. JP Morgan has purchased a LOT of silver using the manipulation of the COMEX and when looking at financials do what the rich and what the banks do. Stay away from the stock market as retsil sales are going down the tubes due to price:income ratios and alllll the uncolateralized debt on the market which innately affects bond markets. Credit, forget it.