Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
TPTB_need_war
on 19/05/2015, 17:43:19 UTC
Suppose we have at least a 10 bagger on the way ... I don't see a reverse wealth effect on Bitcoin as viable at this time, and thus if an altcoin rises too fast it will be taken out by profit taking cashing out to Bitcoin...

The arbitrage factor dominates for as long as Bitcoin is growing and the challenging altcoin doesn't appear to have the oomph to cross the chasm.

No altcoin is going to displace Bitcoin's dominance of the masses (at least not in pure crypto-coin market and on this cycle). Bitcoin has won that. But who wants to? That is they dying NWO system. The Winklevosses et al are going to cash out on the big move of the masses in by giving them accounts on the behemoths. They are selling the masses (chattel) to the NWO.

For those who gloat in joining that morass and the BTC gains that are coming from joining forces with the TPTB in enslaving the masses (under the ideological lie of decentralized banking, etc), I would cognizant that this system is a cancer on itself and it will likely find a way to expropriate and clawback those gains.

I will take my chances (hedge against possible negative outcomes with Bitcoin) on the concept that the true knowledge age will adopt a money system that has the ideological qualities to sustain:

1. Freedom to produce

2. Freedom of speech

3. Personal permissionless property

4. Meritocracy free market thus not malinvestment and destruction of capital

Those who follow the true path won't get to gloat in 2017 when you Bitcoin HODLers are stacking your 10+X gains (though we might be stacking better gains than that already because smaller things grow faster), but we might (hopefully if we achieve our technological goals) still be standing with our 100+X gains when you all have potentially fallen into the abyss with the cancer.

Since no one can guarantee the future, this is what makes a market. Place your bets.