Quote from: jayhawk1 on December 02, 2017, 12:31:56 PM

Quote from: Rahar02 on November 29, 2017, 04:42:04 PM

Quote from: BobK71 on November 28, 2017, 06:05:33 PM

So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos.

If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, this assumption may be problematic.

This question becomes my concern a few months ago when bitcoin started to gain a tremendous value within weeks.
Whoever invests Million of dollars into crypto-world at the cheaper price could harm its price after it reaches the peak, especially at this point, due to bitcoin price increase rapidly like $1000 per day. It won't stop soon imo as bitcoin futures still not activated, but when the correction comes, it may hit the market so hard. The only thing that may hold bitcoin price is people who believe in bitcoin as an asset, commodity, currency, or a better monetary system compare to fiat currency. At least, Million of dollars have been spent in this market, people don't want to lose their investment, especially for miners and exchanges.

Gold was used in the old days to earn money now we have bitcoin and it has more potential to give its investor huge and secondly gold investors are not now in huge amount everyone here is now wanting to earn money in smaller time span and this desire of people is giving bitcoin use a push and those who heard about it are now investing into it after seeing the practical results of bitcoin and gold is now an ancient way.

Yes your truly correct!Gold is nice because when I start to born in this planet we considered the value of gold and how expensive it is but the fact is I'll never experience to earned gold.Unlike Bitcoin even if I'm newly know it but the impact and the changes of my life was very big as in truly amazing apparatus to create my future shining like a star.