You are viewing a single comment's thread from:
RE: BITCOIN is heading to +$1,000,000 until someone can tell me how the hell on earth do Banks & Governments intend to fund +$750 Trillion of Global Unfunded Futures Liabilities..!!
Yes, but the only problem of your thesis is to determine the correct date and time that will happen. So many people were wrong in predicting the next crisis would be imminent. In my opinion it could take still some years to the final implosion of the fiat currencies. Unfortunately of course.
everything works until it doesn't, the exact date will be impossible to determine
We are in it right now. The System snapped on 24th August 2015 and was confirmed on 18th December 2015. This was fully documented on twitter. Ask any of my followers. BITCOIN triggered a BUY signal on 11th December 2015, followed by both Gold and Silver 7 days later on 18th December 2015. All three are now in a Long Term 6 year BULLISH pattern. The crisis is well underway, its just that the Derivatives are holding things together in an attempt to give the illusion that it is business as usual. It's the Derivatives that are running the show now, nothing else..!! Most people are asleep and totally oblivious to the fact that the crisis is coming up to 2 years old. It is simply a Controlled Demolition..!! Stephen
This is saying "unless it forks or something" which it has, so....now what ?
Actually there are several other issues that are a problem. One has to consider why BTC would rise so high. BTC is deflationary so over time it should rise in value as long as there is demand for it. If central banks were to attempt to print enough fiat to cover these unfunded liabilities, that should cause other things measured against that fiat to rise. But because there are only 21 million BTC and many have already been lost, it may be likely that when fiat does fail and a blockchain currency replaces it, it will be one endorsed and created by TPTB. And that might end BTC's dominance and demand as the main stream sheeple will go to that instead of BTC. China is already working on a Gold backed blockchain based currency.
In fact more the system explode slowly more it's positive for cryptos and people in general.
Simply because they have more time to protect their assets and switch to cryptos and precious metals.
If the system would collapse in few days, banks would be closed, dollars, eurros and others centralized currency would quickly enter hyperinflation and loose a lot of buy power, so much wealth and liquidity would be trapped.
One more time people would have to refund banks to save the corrupted system, in Europe law has been modified and permit to banks in case of crisis to seize money of customers to refund the loss...
Liquid assets would not have time to be saved.
Let it be slow and preddictable :)
I could not agree more. Your comment mirrors that of my own thoughts..!! People are crazy to think that Banks have everything under control. They do. Just not to the benefit of the depositor..!! Great comment. Stephen