The Fate and Future of Bitcoin: The Bankster’s Battle for Control

in #bitcoin7 years ago (edited)

I recently did an interview with Vin Armani about all the latest news in the cryptocurrency space.

We covered a number of different things including what I believe the globalist banksters want to do to bitcoin.

I compare bitcoin to gold in the sense that the globalists in control don’t mind the existence of gold as long it remains just an asset and doesn’t compete with their fiat currency scam.

As many intelligent people have pointed out, it appears that the banking ‘elites’ are attempting to make bitcoin the digital gold of cryptocurrencies in that they want to make its network slow and expensive to make using it as digital cash for daily transactions impossible. It’s for this reason that Bitcoin Cash, Litecoin, Dash and others have gained some traction as their transaction fees are much cheaper and the transaction times are much faster.

You will certainly also want to watch this interview in its entirety to stay updated on the latest news and events going on within the crypto space.

You can check it out here:

INTERVIEW

And since this has been the breakout year of both bitcoin and all cryptocurrencies, many early investing anarcho-capitalists have become incredibly wealthy.

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Bitcoin of course is digital gold. And yes, Bitcoin will continue to rise to newer heights. Bitcoin won't end for awhile, or at all. It's gonna be the standard from which all other alt coins get pegged and compared to.

Without any fraction of doubt "Bitcoin" is the digital gold...Just like printing fiat currency depends on country's gold deposits, developing new crypto-curreny or launching an ICO is based on Bitcoin as reserve.... Buying any crypto-currency requires Bitcoin, there is still no crypto that can instantly convert from fiat to cryto-currency, Bitcoin is the only gateway to enter crypto world, so treat Bitcoin as store value not as instant payment gateway.

Not true. It may be true for USD in USA. But its otherwise not true. Both Litecoin and Bitcoin Cash can be bought with fiat in various exchanges. And some other altcooins can be gotten with fiat too here and there.
Bitfinex is trading some 20+ cryptos for USD and Bithumb sells all its cryptos for Korean fiat. and the Norwegen exchange I use trades BTC, LTC and BCH and is working on offering more altcoins.
And Kraken trades various coins to both USD and EUR.

I used cex.io with USD from my debit card to buy Bitcoin Cash BCH.

Too bad Kraken reduced the trading of a few. It used to be possible to buy EOS with euro. Now it requires to first buy ETH or BTC to be able to buy another token. They argumented it was because they've noticed the option of trading euro directly with EOS wasn't much used but I found that very doubtful.

Coinbase sells BCH, LTC, and ETH as well as BTC. There aren't any ICO's as far as I know that are exclusively bitcoin. Most use ETH with many others using Waves. BTC doesn't really have any advantage anymore except first mover. And we know how well that advantage works out in the long term...

I also got Ethereum with my debit card using USD on cex.io

It is also not true in the USA Bitcoin, Litecoin and Etherium can all be purchased with fiat.

Great post!

I will certainly be listening later. Tried to listen to on YT but the sound was bad on Jeff's end

But will BTC keep pumping or will alts catch up?

I think we are likely to get another bait and switch, BTC is up today in a familiar pattern with alts taking a back seat even Steem. We should expect this to play out as before and expect the whales to dump BTC and back into alts.

I hope the transition back to alts doesn't take too long. I'd be happy with BTC doing a yoy and not going parabolic just yet...

It is Bitcoins time to shine again, as most alts will dump

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What will happen when platoforms like USI tech blow up and now bitconnect

now people will be withdrawing quickly from the platform will the y also cash out on bitcoin

if the ponzi falls will the investors pull there bitcoin will we see a giant bitcoin crash thanks to bitconnect and usi tech

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