Quote from: Evan_Doyle on August 21, 2018, 08:44:18 PM

Quote from: markj113 on August 21, 2018, 07:37:18 PM

Quote from: Traxo on August 21, 2018, 07:17:42 PM

Russia is destroying themselves. Atavistic fools who still think land and gold still have value.

Russia debt to GDP : 12.6%
US debt to GDP : 105.4%

US just below Butan So who is destroying themselves?
https://tradingeconomics.com/country-list/government-debt-to-gdp

This here is a very good point. Russia is actually quite sustainable because of their land and gold. USA, on the other hand, is entirely dependent on other nations buying its debt. What if they don't want to? Or if they can't? Innovations like crypto can't save them from a crisis, but they can be a way out after hitting the bottom.

A strawman is a not refutation. It is running away from the point.

The point was made that Russia is investing in antiquated things instead of having a free market economy that maximizes competition and opportunities for its people.
Because in the knowledge age the wealth of a nation is the capability of its people in the free market of knowledge production.
The era of empire building is over. Apparently you did not even read the links that were provided.

The USA is decadent also, but that's no argument. Compare Russia to Asia which instead has a dynamic, diverse, decentralized free market economy.

Quote from: markj113 on August 21, 2018, 07:37:18 PM

Why the fuck do you keep quoting Shelby in all your posts. Your obviously an alt of Anonymint that they banned, considering red flagging you.

Why do you think you have a right to tell me what I can post?

And the matter of whether I am an alt was settled as "provably not". Here is the link: https://bitcointalk.org/index.php?topic=1887077.msg42165851#msg42165851

Quote from: markj113 on August 21, 2018, 07:37:18 PM

So land is worthless, gold is worthless. How many wars have been fought and lives lost over land and resources?

Did the Internet arrive 100 years ago?

Before gold was money there were other forms of money such as tally sticks, iron plates, copper plates, animal skins, sea shells, etc.
Gold was a technological innovation in fungibility. But every technology eventually becomes antiquated.

Quote from: STT on August 21, 2018, 08:46:18 PM

Russia holds a far higher percentage in gold then most western governments. China is accumulating but still quite a low percentage.

Again Russia is an example of myopic decadence. Asia is the future and you can see they're starting to move away from the commodities and resources export driven model towards an integrated (Asian Union) Knowledge Age services economy.
Again readers should read the following linked blog and all the comments below it:

https://steemit.com/cryptocurrency/@anonymint/bitcoin-rises-because-land-is-becoming-worthless

Also this:

https://steemit.com/trading/@anonymint/re-epitt925-re-anonymint-re-epitt925-re-anonymint-most-important-bitcoin-chart-ever-20180820t011835219z

Quote from: STT on August 21, 2018, 08:46:18 PM

There is some historical precedent where gold is respected in even communist economies, apparently the USSR held a very high percentage in the 1950's but I read that a while back so dont have a source to post now.

Quote from: STT on August 21, 2018, 08:46:18 PM

The price on gold might appear to be nothing dramatic but I thought it was bullish ever since 2009 when it rose from its already high peak to greater heights. I realise its been pulling back a while now but I dont see that gold holdings are especially designed or intended to creative speculative profits. I go with the idea the price for gold never really changes, its just reflecting loss of value in the currencies used to purchase it and its a ten year asset type useful for a pension hold of value not trading to profits.

Gold will decline below $1050 during the strong dollar-short vortex perhaps as low as $850. Then during the coming collapse of the West and realignment of global economy towards Asia, gold may rise as high as $3000 $5000 whilst Bitcoin goes to $250,000+. Gold no higher than that, whilst Bitcoin will eventually rise to $million+ long-term. After that precious metals will go into a terminal decline and eventually be basically worthless other than industrial and jewelry demand. As the Bible says in Revelation about the coming NWO, you will throw your gold and silver into the streets for it will not help you in that time.

Quote from: STT on August 21, 2018, 08:46:18 PM

Theres zero likelihood of a goldbug or just any user of gold needing to give up on a failed market especially. Its perfectly inert and able to sustain its price vs a failing global reserve system based off politics. The most obvious long term argument for gold usage likely to rise over decades is net central bank buying.

Refuted above.

Quote from: STT on August 21, 2018, 08:46:18 PM

Bitcoin on the other hand I think best suits the smallest amounts transferred and perhaps the most often.

You entirely do not understand what Bitcoin was created for. It will end up kicking all the non-$billionaires off-chain. Bitcoin is to be the world's NWO reserve currency. Some reading material for you:

https://steemit.com/trading/@anonymint/re-quillfiller-re-anonymint-most-important-bitcoin-chart-ever-20180821t193431892z
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180521t051032993z
https://medium.com/@shelby_78386/ive-been-trying-to-explain-this-to-martin-armstrong-6bba1d871df3

Quote from: timerland on August 22, 2018, 09:22:23 PM

I think that precious metals can be a good store of value in the long run

Based on what logic?

The reality is precious metals are being phased out by the advances of humankind, analogous to how chunks of iron displaced animal skins as money, chunks of copper or bronze displaced iron as money, and gold displaced chunks of copper as money. The Internet and the computer revolution are ushering in the Knowledge Age.

Quote from: exstasie on August 22, 2018, 11:04:09 PM

While the outlook for Bitcoin is quite promising, it's still one of the more risky assets one can buy.

It's the least risky, because it's the only asset you can buy that will not end up making you 100 times poorer as we pass through the transition from nation-state central banking to the NWO Ideal Money over the next decade or two.

@realr0ach sold BTC at $600 to buy silver at $20. He is already 40 times poorer. Those who don't buy Bitcoin are going to end up destitute, no matter how much wealth they started with.

Quote from: Evan_Doyle on August 21, 2018, 08:44:18 PM

Quote from: markj113 on August 20, 2018, 08:34:58 PM

Where you have bitcoin users believe that bitcoin will become the next reserve currency, replace banks, crash the financial system and replace fiat.

Yeah sure, and I'm not going to defend that way of thinking either because we both know it's completely unrealistic.

It's not only realistic, it's already well underway.

Quote from: pitiflin on August 22, 2018, 11:43:42 PM

Quote from: 1Referee on August 18, 2018, 04:03:48 PM

It's actually quite 'easy' to see Bitcoin hit a market cap of $1 trillion. Bitcoin at $60,000 with a circulating supply of around 18 million coins at that point is only a matter of time. Realistically, we're just another bull run away from doing it.

That bull run, realistically might not happen. That would have to be a pretty darn big bull run. The current marketcap is like a 100 Billion $, we need 900 Billion more, and the world economy is not in a good shape. Why are people ignoring the fact that there is recession all over the world, and there's not enough money to feed people, even though there are trillions of dollars.

All cryptocurrency already touched $1 trillion in 2017 and we will surpass it in 2019, but we will not establish a firm base above $1 trillion until after 2024:

https://steemit.com/trading/@anonymint/most-important-bitcoin-chart-ever
https://steemit.com/trading/@anonymint/re-quillfiller-re-anonymint-most-important-bitcoin-chart-ever-20180821t193431892z

The fallacy of your concern about the collapse of the West and the rise of Asia as the economic center of the world by 2033, is that:

You don't understand that Asia is rising.
The collapse of the West is part of the transition to the Knowledge Age and Bitcoin is not for the masses, but rather for the future $billionaires as an Ideal Money NWO decentralized reserve currency.