Bitcoin

[Steve]

Yeah it'll reach $14k, although it may have the typical correction along the way.

[Bigbroben]

Whats the point of ''owning'' cryptos if there is nothing tangible left once the system crashes, Steve?

[Steve]

Choose your coins wisely. Dont buy a shitcoin.

[Bigbroben]

They're all vulnerable.  It's non tangible assets.
Some are less worse...

For money you can afford to lose.

[Steve]

What do you think cash is?

[Bigbroben]

Good point.  Cash is based on confidence.  Nowadays cash is monetized debt, so third party risk.  Real money is based on what the central banks have been accumulating in the last years...

Safest is land.  You cant create it= limited supply.  And it gives dividend if you use it the right way.

[Steve]

What will happen when enough people understand how money is created, how it makes slaves of us, to benefit bankers? What happens when enough people understand it is all just debt?

link:://theconversation.com/what-caused-hyperinflation-in-venezuela-a-rare-blend-of-public-ineptitude-and-private-enterprise-102483

It has happened before, numerous times. And will happen again with other fiat currencies.

Having said that, I dont think Bitcoin is the answer. The miners are the new banks, and it's too slow.

I believe cryptocurrencies are the answer, but it is all still very new and unstable.

[Steve]

Bitcoin is in freefall, for now. It is probably a reaction to Trump's comments and government regulation. I bet my balls it will go back up again. But also that Bitcoin probably wont be the dominant crypto eventually, unless it has some major changes.

[Madi]

Not hard to tell after something happen. Tell before. Its not hard to predict one hot number will replace another. But to tell which one ,is the superior ability of a big ball holder.

[Steve]

Its not hard to predict one hot number will replace another

Right, it's easy. Because it's basic statistics. It's like saying you predict about half red and black. But that knowledge is useless.

But to tell which one ,is the superior ability of a big ball holder.

So you have big balls? Or you are holding big balls? Or you won so many balls from people losing their bets involving balls? I still have my balls.
... and the word of the day is, balls.

[Madi]

I bet my balls it will go back up again. But also that Bitcoin probably wont be the dominant crypto eventually, unless it has some major changes.

People dont eat this now a days. Be specific

[Madi]

You r far behind and your ball feel like fish egg😲😲

[Madi]

Team up with broken wheel master and play in kitchen. Till then dont talk . U r still a baby

[Steve]

Madi, McAfee's prediction is outrageous. My prediction is BTC will at least pass previous highs. Beyond that, I dont know. But I dont expect it will go much higher before eventually crashing, then more rollercoaster rides, but gradually it will become less volatile as adoption and acceptance grows. I expect there will be numerous dominant coins, but most will die off.

Team up with broken wheel master and play in kitchen. Till then dont talk . U r still a baby

Are you feeling ok today?

Leave it at: I never play. I know nothing. You are an expert. Your systems all work.

[Bigbroben]

Well, what happened since July?

Bitcoin: from 10638$ to 7233$ -32%
Gold: from 1428$ to 1518$  +6%

Be safe and be well.