Quote from: Ibian on March 14, 2017, 10:47:18 PM

Narcissists always think they have good reason for hating others. It's nothing but empty rationalization, especially when you don't give even one good example of what that might be. You are an empty liar.

Funny how a lot of people project their own self loathing out into the world and onto strawmen, and then completely reveal everything that they hate about themselves, via a series of accusations aimed at the strawman, isn't it?

Quote from: r0ach on March 14, 2017, 11:39:38 PM

The dollar cost average of the bitcoins I hold are $0 and I still get nervous holding the things. Don't get nervous holding my silver at all because I know it's going to be a homerun at some point - the only question is how long. The price of gold should already be at $2200 even within their too low priced manipulated system because it's price is highly correlated to US debt amongst other factors. That run up in gold would bring silver to at least a 30;1 ratio of around $75. What other asset exists where you're virtually guaranteed to increase your wealth by at least 4.3x with an eventual market correction, or far higher gains if the bottom drops out of fiat currenices/sovereign debt.

Fact is, for the sharp trader, there are far greater profits to be made in crypto and never mind Bitcoin, what about DASH!? Holy phuck! But 99.9% of all crypto, will one day go to zero, and any rational person will understand that.

One thing about watching Bitcoin so closely, is that it has been a great lesson in how powerful hands can totally boss a market around, this way or that. Regardless to say, the same sort of thing will be going on in the precious metal's markets. I suspect that the price of gold *should* be way way higher than $2000. The Dow is currently around $21K, with stock markets around the world all at ATHs, despite the real economy having ground to a halt and all of these stocks in fundemental P/E terms being way overvalued.

They say that keeping gold price suppressed is vital to protecting the Petrodollar as the global reserve, but the major enemies of the Petrodollar hegemony, Russia and China are stock piling gold and are reckoned to be lying about how much they have (i.e. pretending they have less than they actually do, as the geo-political war games are played out.

I suspect under the Trump presidency, things are going to come to a head. If he gets his way, then the USA, and by default, the entire world, is headed for Big Inflation. Trump is going to build up the military, push for wars, old fashioned Republican style (as opposed to using/creating proxies such as ISIS to achieve geo-political goals as we seen under the Obama admin), and crucially, Trump wants to do a shit ton of infrastructure spending, which means all those QE created USD, will finally start to hit Main Street and we will finally see the BIG inflation that everyone predicted QE would lead to, but which we have yet to witness.

Trump has been quite open about low/negative interest rates being a great way to ramp the US economy and have the US creditors pay for it. The Chinese are well aware of this which is one reason why they are rapidly building up their reserves. China is in a bind. Due to their pegging the CNY to the USD in order to protect their export competitiveness, they are biggest holder of US debt in the world. Debt whose value implodes just as soon as Big Inflation hits. What they gonna do? They can't dump US bonds; that would be the same as all the Chinese miners dumping all their BTC all at once, suicide for both them and Bitcoin. But at the same time, they cannot tolerate the US wiping out the values of their US government bonds through Big Inflation. The fact they are rapidly amassing gold is very telling, as the on asset that will do very well through Big Inflation and/or a collapse in confidence in the USD, is gold.

The writing is on the wall, although it will likely take a while, with a deflationary 'head fake' also being highly likely in the rum up to golds pre-ordained big break out.......Bitcoin, if it still exists when all this shit happens, will likely catch a bid through any Big Inflation event, but the thing with Bitcoin, is that it can be turned off........But the PBOC would never order the Chinese miners to just shut down if they thought that Bitcoin was getting out of hand and undermining thier efforts to control their own currency, would they!?