Bitcoin currently down 11% today, Ethereum down 14% and Litecoin's off by 15%. https://www.worldcoinindex.com/
A time to buy, or sell and run for the hills?
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Bitcoin currently down 11% today, Ethereum down 14% and Litecoin's off by 15%. https://www.worldcoinindex.com/
A time to buy, or sell and run for the hills?
Five days later... it appears it was time to sell as Bitcoin is 8% lower right now at a price of $5,100 (£4,000). From a high approaching $20,000 in December 2017 its lost 70%. As badly as it has performed, in percentage terms it has held up better than all the other well known ones.
Hours is a long time in the crypto world. Bitcoin now minus 14% on the day and solidly below $5,000.
Just to let you know that no one cares about bitcoin updates. If they do, they'll be finding the information elsewhere and not checking ccmb for your posts.
No malice intended, just saving you some time.
That's where you are wrong, I follow the Bitcoin price fluctuations with interest, and I like to hear when there has been significant movement in the market.Quote:
Originally Posted by lardy
Quote:
Originally Posted by Organ Morgan.
I'm confused. Do the anti-globalists love it as an alternative to the Rothchild/Bilderberg dominated central bank currencies or is it a globalist plot to create the one world currency designed by George Soros?
https://www.infowars.com/is-bitcoin-...orld-currency/
The consensus here amongst Mrs Steve R, Wales Bales and I (AKA the elders, or message board Illuminati) is that cryptocoins were created to condition the world to blockchain technology before making them increasingly volatile then worthless due to their decentralised nature and lack of oversight by governments and their central banks to then introduce their officially sanctioned coins which would have the same utility as digital pounds, dollars, etc, do today, but not until after the world's financial systems implode and the resulting despair creates a demand for a fix, any fix. It's the old problem, reaction, solution play. Of course, physical money will not exist in their New World Order.
But I thought that the world's financial systems and the central banks were owned and managed on behalf of those dastardly Rothchilds. Destroying their own wealth creating and power manipulating machines to create new ones is cunning indeed!Quote:
Originally Posted by Organ Morgan.
Reading infowars now? :biggrin:Quote:
Originally Posted by cyril evans awaydays
:hehe:Quote:
Originally Posted by Organ Morgan.
How can you speak on behalf of hundreds, if not thousands, of other people you don't know? I think that the posts about crypto-currencies more interesting than many other threads on the message board even though I know little about the subject.Quote:
Originally Posted by lardy
You make a good point, Cyril, why destroy a system you already own? It would only make sense if the owners would be positive that they'd retain control of a new replacement system in which their power and control would be greatly enhanced.Quote:
Originally Posted by cyril evans awaydays
The signs of a looming economic downturn are plain to see at the moment due to rising interest rates in the USA and the Fed's policy of quantitative tightening along with trade wars through imposing tariffs and other sanctions. The price of oil and copper are proven indicators of recessions ahead. Oil's down around 28% over the past six weeks and copper's been thumped too. The world's stock markets, the shop window for many who view an economy's health, are also cracking. Property prices in the USA, here and elsewhere are also showing signs of strain. Is the 'everything bubble' about to pop?
What would you now invest in then, Organ Morgan? Gold?Quote:
Originally Posted by Organ Morgan.
Didn't you know? Lardy is the voice of the people :biggrin:Quote:
Originally Posted by Taunton Blue Genie
Gold and silver are hated by bankers because they have been used as money for 5,000 years and they can't print the stuff so instead they suppress their real value by creating naked futures contracts on metals they don't own and cannot supply and if entities demand delivery then they can settle in cash which they can magic any amount of. But gold and silver have never been worthless while a great many currencies have gone to zero. It's why wise heads recommend putting 10% of one's net worth into purchasing physical bullion as a financial insurance safeguard against their currency becoming confetti paper. By the way, the top in Bitcoin occurred on December 17th last year which was the very day that the first Bitcoin futures contracts were traded at the COMEX.Quote:
Originally Posted by Taunton Blue Genie
In answer to your question - yes, for peace of mind.
Deutsche Bank's share price hit another in a long line of record lows today. A decline of almost 5% resulted in a closing price of 8.15 euros. On the date the BBC article below was published its price stood at 10.49 euros, making for a decline of 20+% since then. During the 2007-2008 worldwide financial crisis it share price never fell beneath 16.0 euros
Deutsche Bank: World's most dangerous bank? https://www.bbc.co.uk/news/business-36723034
6 July 2016
Deutsche Bank shares hit a new record low today. Its value has halved since the beginning of the year.
So is it now the most dangerous bank in the world?
According to the International Monetary Fund - yes.
Last week, the IMF said that, of the banks big enough to bring the financial system crashing down, Deutsche Bank was the riskiest. Not only that, Deutsche Bank's US unit was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.
The $115 billion money laundering problem.Quote:
Originally Posted by Organ Morgan.
https://www.bloomberg.com/news/artic...undering-worry
It's hardly worth stating that the CEO of that outfit and other crooked bosses of giant banks are regular attendees of the Bilderberg beano.
By the way, harking back to cashless, I visited a Vodafone shop last week to purchase a top-up voucher for my mobile to discover cash was unacceptable.
Very nearly invested in Bitcoin a few weeks ago. So glad that I didn’t. Is this on the way down for good Oggy?
I have no idea, boyo. Those professionals who use technical analysis to predict every market's movements said if $5,900 fell then a drop to a $4,200 support level would be on the cards. It bounced off that mark today. Everyone's now wondering if that was the bottom. If not then should $4,200 be breached in the short term than $2,600 is its next likely support. I don't own any cryptos, incidentally.
Next question: how does Joe Public purchase gold bullion?Quote:
Originally Posted by Organ Morgan.
Via the postal system and any number of online dealers. The best and cheapest in my experience is Hatton Garden Metals https://www.hattongardenmetals.com/ followed by Baird and Co https://www.bairdmint.com/ HGM carries less stock than the others so patience may be required if you want specific coins or bars that they currently don't have. It's best for Britons to purchase British gold coins (Britannias, Sovereigns, etc) for they are Capital Gains Tax free when selling any amount as they're deemed as money. Here's user reviews for HGM https://uk.trustpilot.com/review/www...rdenmetals.com Other user reviews can be found elsewhere.
If you or anyone else ever wishes to sell scrap jewellery forget anywhere on the High Street, specially Ramsdens, as they're all rip-off merchants. Best prices will be obtained at Lois Jewellery http://lois-bullion.com/ and HGM is second best.
Re Hatton Garden Metals, I visited their premises two years back when in London. They have an area where you can buy metals over the counter. It's situated a ten minute walk away from Farringdon tube station. It was a strange experience because the area is chocker with multi-million pound businesses but seemed a little run down and a tad seedy. A surprise came when happening upon an outdoor market along one street that had white stallholders all with cor blimey accents. Inside HGM, one punter before me appeared a bit skint clutching his two carrier bags. To the amazement of everyone they contained £130K cash which he exchanged for the shiny stuff.
I'm on board, where can I buy £28 worth of gold?Quote:
Originally Posted by Organ Morgan.
You'll struggle to purchase gold in any form at somewhere like a Cash Converter outlet for that amount. Invest the 28 quid in a prayer mat instead.
:frown:Quote:
Originally Posted by Organ Morgan.
I'm hesitant to mention today's Bitcoin price fluctuations for fear of getting another bollocking from Lardy.
One crypto coin I've followed closely is Digixdao which is supposedly linked to gold somehow. On St Dai's Day this year it reached its record high of $500. Today it's at $21 for a 96% loss in less than 9 months. Though no losses or gains are realised until a selling point.
Organ, I invested in these around a year ago for what seemed like a reasonable price. Just wondering if you have any idea of its value now? Thanks.
Attachment 2752
Brandon Smith, who wrote the article beneath, is my fave conspiracy theorist, wacko, nutcase, mouth-frothing maniac, looney tune (perm any three or more from those six) as he's been bang on for years. He's of the same opinion as some of us are here re crypto currencies and that a systemic crash is imminent. The user comments beneath the article at the link are also worth a gander.Quote:
Originally Posted by Organ Morgan.
IMF Reveals That Cryptocurrency Is The New World Order End Game - http://www.alt-market.com/articles/3...order-end-game
There are two kinds of globalist schemes: First, there are the schemes they spring on the public out of nowhere haphazardly in the hopes that the speed of the event along with some shock and awe will confuse the masses and make them psychologically pliable. This strategy loses effectiveness quickly, though; the longer the plan takes to implement, the more time the people have to reconsider what is actually happening and why.
Second, there are schemes they slowly implant in the collective psyche of the citizenry over many years, much like subliminal messaging or hypnosis. This strategy is designed to make the public embrace certain destructive ideologies or ideas as if these ideas were their own.
The cryptocurrency scam is of the second variety.
I have been suspicious of the cryptocurrency narrative of a “decentralized and anonymous monetary revolution” since 2009, when I was first approached by people claiming to be “representatives” of bitcoin and asked to become a promoter of the technology. After posing a few very simple questions and receiving no satisfactory answers, I declined to join the bandwagon or act as a frontman.
The “currency” was backed by nothing tangible (and no, math is not a tangible resource). Anyone could create a cryptocurrency out of thin air that had attributes identical to bitcoin, therefore there was no intrinsic value to the technology and nothing stopping the creation of thousands of similar currency systems, eventually making bitcoin worthless. The scarcity argument for crypto was fraudulent. And, in the event of a grid down or an internet lock-down scenario (as has occurred in the past in nations under crisis), crypto was useless because the blockchain ledger was no longer accessible.
Trading with private wallets made little sense; how many people were you likely to run into in your community with a bitcoin wallet? The amount of time and energy required to accumulate these digital nothings seemed counterproductive to me in light of the fact that they might not be there when you actually needed them.
The only attributes that truly made bitcoin valuable were its branding and the amount of hype that was generated around it. But branding and hype are not enough to sustain a currency revolution. There was one other valuable characteristic — the supposed anonymity. In 2009, it was not clear whether this was legitimate. Today we now know that ANY cryptocurrency that is based on a blockchain ledger is highly traceable. There are no anonymous digital transactions no matter how savvy a person thinks they are.
I was also suspicious of the behavior of some bitcoin proponents in web forums. Anyone presenting concrete criticism of the technology was met with aggressive Alinsky-style attacks. They were accused of being “ignorant barbaric gold stackers” that were too stupid to understand the “genius” of the blockchain and how it works. Disinformation was rampant. Claims of anonymity that had long been debunked were brought up over and over again. The value of bitcoin was faunted as an end-all-be-all argument as to why the critics were wrong. Bitcoin’s price was skyrocketing; therefore, bitcoin was legit.
These were the kinds of tactics I had seen used by disinfo agents in the past; people arguing in favor of the Federal Reserve or globalism in general, or the people claiming that man-made global warming was "self-evident". This was not the behavior I had come to expect from liberty movement activists, who at that time were focused on facts and evidence to win the information war, rather than dishonest mind games and lies.
Conclusion — there was a concerted campaign to push liberty activists through “peer pressure” to adopt a pro-crypto stance. But who actually benefits from this?
Some investors in crypto made a considerable profit on bitcoin and other digital assets for a time, but today many of them are losing their shirts as bitcoin and most coins tumble in value. It is perhaps no coincidence that cryptocurrencies act as though they are anchored to the tech bubble in stock markets. As tech stocks flail and plummet, so too are crypto assets, because cyrptocurrencies are traded like equities in a bubble, not monetary mechanisms. Many of us who were averse to the bitcoin hype train often used the Dutch tulip analogy for why crypto valuations were absurd, and obviously that analogy was not far from the mark.
I wonder sometimes about the people who used to argue that bitcoin’s high value made its legitimacy self-evident; would they now concede with bitcoin’s plunging value that its legitimacy was in question? I’m guessing they probably won’t.
Crypto was also an effective distraction from people trying to build precious metals based alternatives to the the current economic environment. Bitcoin siphoned up activist energy and redirected it into something useless rather than a system that might truly threaten the central banking establishment.
Beyond that, the entire crypto-storm over the past decade has done one thing very well — it made the idea of cryptocurrencies a household discussion, and I believe this was the goal all along. Once I found growing evidence that international and central banks were deeply involved in building the infrastructure needed to make blockchain technology go global and universal, it became obvious that bitcoin and other coins were merely a pregame test for the introduction of something rather sinister.
In my article “The Globalist One World Currency Will Look A Lot Like Bitcoin”, published in July 2017, and in my article “The Virtual Economy Is The End Of Freedom,” published in December 2017, I outlined the questionable nature of cryptocurrencies and the blockchain and why the banking elites seem to be so interested in them.
It was odd that bitcoin was built around the SHA-256 hash function created by the National Security Agency, and that the entire concept was remarkably similar to what was described in an NSA paper published in 1996 titled ‘How To Make A Mint: The Cryptography Of Anonymous Electronic Cash.’
Then, there were globalist institutions like Goldman Sachs coming out publicly in praise of crypto and blockchain tech. And, finally, central banks began entertaining the notion of moving into crypto, but they made it sound like they were approaching the idea half-heartedly, like it was a potential hobby.
So what ties the entire crytpo-scheme together? The International Monetary Fund has now openly revealed their affinity with crypto technology, and thus revealed the new world order end game.
In a paper published last week by IMF head Christine Lagarde titled “Winds Of Change: The Case For New Digital Currency”, the IMF builds its argument for why central banks including the IMF should embrace crypto as the future of monetary policy.
As I warned last year, the shift into crypto was not at all a “revolution” against the globalists, but a con designed by the globalists in part to get liberty proponents to become unwitting salesmen for the next phase of the economic control grid. But how do they intend this end game to play out?
In 1988, The Economist, a globalist publication, “predicted” (or rather, announced) that a global currency system would be launched in the year 2018. It is now clear that crypto and the blockchain are that system. This system would eventually use the IMF’s Special Drawing Rights basket as a kind of bridge to a one world currency, which they referred to as the "Phoenix". Though some people claim that the SDR itself is not a currency, globalists apparently disagree.
Mohamed El-Erian, former CEO of PIMCO, praised the idea of using the SDR as a world currency mechanism and as a means to counter “populism,” reiterating the plan outlined in The Economist in 1988.
In The Economist article, it is also hinted that the role of the U.S. as an economic center for the world and the role of the dollar as world reserve currency will have to be diminished in order to clear a path for the new world order system. We see this already taking place now, as we verge on an economic crisis which could easily collapse equity markets, bond markets, as well as the reserve status of the dollar itself.
Lagarde’s latest piece is written like a sales pitch, selling the idea of central bank crypto not to central bankers, but to the financial media. The media will undoubtedly run with the talking points Lagarde suggests and regurgitate them in a blaze of articles as to why global crypto controlled by the IMF is the solution to all our fiscal problems.
The very core of the movement toward global crypto, I believe, is the destruction of anonymity in trade through a "cashless society". When all trade is watched, all trade can be controlled. Beyond this, by monitoring trade transactions on a macro-scale, globalists can also, in a way, monitor mass psychology and predict public behavior to a point.
Lagarde notes specifically in her article that anonymity from government oversight is unacceptable. She argues that any central bank cryptocurrency will have to ensure that private exchange is limited, and that centralized surveillance of transactions is warranted and necessary. What she of course fails to mention is that blockchain technology is already set up for government surveillance. It always has been. Not only this, but the very fabric of the blockchain requires that transactions are added to the ledger in order for the system to function. There is a built-in excuse for surveillance.
The only question is how exactly the IMF plans to attach the SDR basket to a crypto framework. This is not specifically described in Lagarde’s paper. I expect that this will not be a process of slow adaptations. Instead, it will be introduced swiftly in the midst of public panic.
The “everything bubble” created by central banks over the past decade is ready to pop. The Federal Reserve in particular has been enthusiastic about cutting off all stimulus measures, dumping assets from their balance sheet and raising interest rates into economic weakness during the worst corporate and consumer debt environment since 2008.
I suggest that the IMF already has a cryptocurrency mechanism ready to replace the dollar as world reserve, and that it will be infused into the SDR basket at the height of the coming crash. The fact that the IMF has been introducing central bank crypto talking points over the past year indicates to me that the crash is imminent.
Aye, but what about my coins?Quote:
Originally Posted by Organ Morgan.
They've probably suffered from 'secret inflation' since previous years. The same or more money for less product. I have yet to see this year's Quality Street tub which has shrunk in size by two-thirds since I was a sprog.
Worthless by the end of 2019 ?
https://nypost.com/2018/11/23/julian...QA9SWULS3msiQU
The author's prophecy for cryptogeddon by the end of 2019 will be a year late should this ongoing carnage continue unabated. Bitcoin blew through its perceived support level of $4,200 yesterday and its price has been thumped for a 25% decline since I started this thread 11 days ago. Proponents will take comfort from knowing Bitcoin has suffered 75%+ declines at least five times in previous years to always bounce back stronger than prior. The hardcore believers, if they have the financial means to do so, will be loving the smash as an opportunity to add to their holdings.
Bitecoin?Quote:
Originally Posted by Eric the Half a Bee
Bitcoin fell around another 12% to $3,500 yesterday before rallying back above $4,000. Virtually every other of the 2,000 alt coins had similar 20+% swings on the day as they move in unison. Owning any of them seems to be a sure way of increasing stress levels.
hi guys. I'm new here, and I need your help. I want to start making investments, but I don't know if I should. now I play a game MotoCoin where I can earn bitcoin without investments. This is a miner, as long as you play the game, the program works. for a week earned 0.07 btc. but i want more so looking for advice. if there are any tips, I'm ready to listen
Bitcoin is dollars away from retesting its recent 12-month low of $3,220. Bitcoincash has already broken its previous support level today. It's at $80, which is a 97+% decline from its $3,000+ high.