discuss The crypto market is going crazy!

MadAboutDomains said:

And what, you want to preserve your personal wealth for when this cataclysmic event happens?

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It doesn't have to be cataclysmic, powers that be are planning it. It's not an end of world like people think. These bankers spread ALL kinds of lies about it, to keep ppl away, while they buy it themselves. They/some are preparing for smooth transition. The crashing of world is just a lie to keep you skeptical.

It will be more than preserving wealth...going to be the biggest transfer of wealth in the history of man. IT WILL be cataclysmic if you don't have any though. You will be forced to work for gold dust. MANY poor, for a long time. But in the end, gold money is the best. Will be a better world in decades for all.

SO many think our money IS backed by gold today. People just don't know facts, because media / bankers feed them lies. Their WHOLE systems counts on people not using gold, they invest billions per year to keep people AWAY. They would invest every last dollar to keep ppl away, if that's what it took.

MSN-Domains said:

The most famous story in the history of UK Banking. Brown sells of 1/2 gold reserves. Credit Crises happens. Central bank then turns to printing money aka Helicopter Money.

QE and "Crypto" has a lot in common, both are created out of thin air

https://www.telegraph.co.uk/news/po...f-the-UKs-gold-reserves-cost-UK-5billion.html

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Yes, it's called Brown's Bottom. What about it and why is a crypto currency going to solve my woes?

People are walking around screaming and looting and I'm supposed to load up my crypto wallet like it's the world saviour? I don't really understand the practical point that you're trying to make regarding it. I'm supposed to worry about the world's financial system sat in my bedroom?

JayT said:

It doesn't have to be cataclysmic, powers that be are planning it. It's not an end of world like people think. These bankers spread ALL kinds of lies about it, to keep ppl away, while they buy it themselves. They/some are preparing for smooth transition. The crashing of world is just a lie to keep you skeptical.

It will be more than preserving wealth...going to be the biggest transfer of wealth in the history of man. IT WILL be cataclysmic if you don't have any though. You will be forced to work for gold dust. MANY poor, for a long time. But in the end, gold money is the best. Will be a better world in decades for all.

SO many think our money IS backed by gold today. People just don't know facts, because media / bankers feed them lies. Their WHOLE systems counts on people not using gold, they invest billions per year to keep people AWAY. They would invest every last dollar to keep ppl away, if that's what it took.

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What you're saying is literally a regurgitation of what I heard YEARS AGO, I took it in and disregarded it as something that is nothing to do with me. Unless you can explain what it has to do with your average person (ie me), in practical terms it's just nonsense. You're not persuading anyone of anything other than that you've been watching a lot of gold bugs talking the same things that they always do.

Russia has all of the gold, others are planning gold backed currencies to undermine the US dollar and what then... they're not going to trade anymore in quality goods and services from established countries in established means of trade and exchange of value? I concluded that I was worrying about things that don't concern me... and you should too to be honest. The people that are telling you these things have a vested interest in preserving wealth on the behalf of others.

MadAboutDomains said:

Yes, it's called Brown's Bottom. What about it and why is a crypto currency going to solve my woes?

People are walking around screaming and looting and I'm supposed to load up my crypto wallet like it's the world saviour? I don't really understand the practical point that you're trying to make regarding it. I'm supposed to worry about the world's financial system sat in my bedroom?


What you're saying is literally a regurgitation of what I heard YEARS AGO, I took it in and disregarded it as something that is nothing to do with me. Unless you can explain what it has to do with your average person (ie me), in practical terms it's just nonsense. You're not persuading anyone of anything other than that you've been watching a lot of gold bugs talking the same things that they always do.

Russia has all of the gold, others are planning gold backed currencies to undermine the US dollar and what then... they're not going to trade anymore in quality goods and services from established countries in established means of trade and exchange of value? I concluded that I was worrying about things that don't concern me... and you should too to be honest. The people that are telling you these things have a vested interest in preserving wealth on the behalf of others.

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Crypto is a new way for businesses to raise cash and run operations. It’s not about saving the world, it’s about evolving.

MadAboutDomains said:

Yes, it's called Brown's Bottom. What about it and why is a crypto currency going to solve my woes?

People are walking around screaming and looting and I'm supposed to load up my crypto wallet like it's the world saviour? I don't really understand the practical point that you're trying to make regarding it. I'm supposed to worry about the world's financial system sat in my bedroom?


What you're saying is literally a regurgitation of what I heard YEARS AGO, I took it in and disregarded it as something that is nothing to do with me. Unless you can explain what it has to do with your average person (ie me), in practical terms it's just nonsense. You're not persuading anyone of anything other than that you've been watching a lot of gold bugs talking the same things that they always do.

Russia has all of the gold, others are planning gold backed currencies to undermine the US dollar and what then... they're not going to trade anymore in quality goods and services from established countries in established means of trade and exchange of value? I concluded that I was worrying about things that don't concern me... and you should too to be honest. The people that are telling you these things have a vested interest in preserving wealth on the behalf of others.

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well believe what you will, not here to convince you specifically. If you want, we can talk about the fiat you like so much Rather would just talk about crypto though, and things built on crypto.

Eventually SO much will be tokenize. ad's on internet, for example. It will become a unit of account for SO much, like stocks and bonds. It's too powerful and transparent not to. Just needs to evolve a little more, and push it's way in while current bankers fight for their current scam systems.

Excuse my ignorance but if the whole planet runs on crypto arent we going to run out of energy? Is Iceland gonna melt?

JayT said:

well believe what you will, not here to convince you specifically.

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I believe that this is because you can't. You're spouting the words of others, gold investors mainly.

MadAboutDomains said:

I believe that this is because you can't. You're spouting the words of others, gold investors mainly.

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You don't know my background or anything. A lot of what we 'spout' is what we hear from others, then pc. what we know together to form our own stronger opinions or arguments based off our research and reasoning. It's not like i'm copy+pasting what other people talk. Not many people are talking about government controlled gold-backed blockchains at all.

You are not worth arguing against, saying things like 'Russia has all the gold' I can't stand to debate against statement like that. I showed a chart, which i believe as fact, which is HARDLY all the gold, yet you want to imply that's what I'm saying. You don't deserve my time.

Everything you said was unsubstantial pertaining to what you quoted. Except you said, "Russia has all of the gold, others are planning gold backed currencies to undermine the US dollar and what then.."

That was not what I said. You speak in half truths to bait me into wasting my time correcting your ignorance, which I will not continue to do on this subject.

You think that a whole new global currency system doesn't pertain to you...well good luck, all I can say. Happens or not, there is a chance. You don't want to worry about it, not my problem.

Furthermore, you said I shouldn't "worry about it", just assuming i'm worried. I'm not worried, I welcome it. You just assume!

Forget crypto, gold, silver, etc. I'm taking the really long term view and will be stocking my bunker for the coming cataclysm with ammo! Lot's and lots of ammo in lots and lots of calibers...

Bullets will be the true currency of the post-apocalyptic wastelands! (That AND toilet paper...)

"So you want 2 AA batteries and one pack of 2 year old Twinkies? That will be 150 rounds of 30-06. OK, here's your change of 6 rounds of .22"

LOL

I joke about this now, but unfortunately this will likely be true if and when the world comes crashing down. Especially the TP part!!! (Note to self, go heavy on the Charmin...)

There are trillions upon trillions of rounds of ammo all around the world, but the toilet paper supplies will dwindle quite quickly.

I've never gotten my head around the whole gold for the apocalypse thing. How does one make change? There's also the issue of verifying the purity of gold that would supposedly be used in the daily transactions of life.

And crypto? When the world is crashing down around us and the wire is "cut", how do you access your funds for those daily transactions? (And you don't think state hackers aren't figuring out ways to empty all those wallets outs there?)

Bullets will have value for both protection and bartering.

JayT said:

You don't know my background or anything. A lot of what we 'spout' is what we hear from others, then pc. what we know together to form our own stronger opinions or arguments based off our research and reasoning. It's not like i'm copy+pasting what other people talk. Not many people are talking about government controlled gold-backed blockchains at all.

You are not worth arguing against, saying things like 'Russia has all the gold' I can't stand to debate against statement like that. I showed a chart, which i believe as fact, which is HARDLY all the gold, yet you want to imply that's what I'm saying. You don't deserve my time.

Everything you said was unsubstantial pertaining to what you quoted. Except you said, "Russia has all of the gold, others are planning gold backed currencies to undermine the US dollar and what then.."

That was not what I said. You speak in half truths to bait me into wasting my time correcting your ignorance, which I will not continue to do on this subject.

You think that a whole new global currency system doesn't pertain to you...well good luck, all I can say. Happens or not, there is a chance. You don't want to worry about it, not my problem.

Furthermore, you said I shouldn't "worry about it", just assuming i'm worried. I'm not worried, I welcome it. You just assume!

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You've taken the thing about Russia literally, I was repeating what I heard years ago, that was one of them, as well as the huge transfer of wealth that these pundits always talk about.

JayT said:

It will be more than preserving wealth...going to be the biggest transfer of wealth in the history of man.

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You mentioned Russian gold and a chart of it and then went on to mention a huge transfer of wealth.

All I'm saying is, what about it? Why have people been talking about it for years? Why have people been saying that we need to get into physical metal? Why are you saying that crypto gold is the future and how does it help when it happens?

I think I'm going to opt for the Charmin too to be honest...

I am not discussing an apocalypse. The theory of gold being money only during an apocalypse is a psy-opts, to keep you thinking exactly the way you are, and NOT buying it, because why? I am talking of a transition into blockchain and gold-based money represented on blockchain. It can happen fairly smooth, except without any of the new money, you're really poor, and your old money is worthless, fast!

The gold purity and such is just audited within government vault, to prove what they have for representation on their centrally controlled cryptocurrency, backed by gold. Which they can freeze, reverse, and track all transactions. We are not going to be using gold coins, those will be super rare black-market stuff that most may never even see.

People will still go to work for the new money, just be paid less an buy less than ever, as bankers control the initial supply, for the most part. You work for what they say you work for, a roll of charman for the day maybe.

This gold-currency was always abandoned, not because gold, but greedy governments abandoning it, having systems that were no-transparent, over printing, etc...perverting it. On blockchain, they can do that, but everyone will know! It won't be a big secret like everything is today. Transacting gold digitally without blockchain, you have no idea what's going on!

The world doesn't need dollars as a reserve currency, those come and go. Enough countries agree on something better, and that's it. It's not just dollars though, everyone will be forced to switch.

Every1 always want to hate on governments, but they need to have some control over money and a way to collect taxes. Anarchy will not work.

What about a virtual currency based on gold. Universal currency.
I send you 1500 virtual currency its worth 15 grams of gold and you can buy stuff anywhere through digital transactions. Each country can give it its own name dollar dirham shekel but its all the same value 100 for 1 gram of gold. You can trade it for real gold and use it in any remote place then turn it back into virtual currency if youd like. Money in circulation not printed but based on gold reserve

Windoms said:

What about a virtual currency based on gold. Universal currency.
I send you 1500 virtual currency its worth 15 grams of gold and you can buy stuff anywhere through digital transactions. Each country can give it its own name dollar dirham shekel but its all the same value 100 for 1 gram of gold. You can trade it for real gold and use it in any remote place then turn it back into virtual currency if youd like. Money in circulation not printed but based on gold reserve

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That's what i've been saying...there are problems with redeeming it though. Countries could do hostile take over. Say USA is big, and goes after a small country...they spend years collecting all their crypto, then redeem for gold all at once. Now that country has no real gold to back their crypto anymore. At least if they make it irredeemable, and they get attacked that way, they can still have the gold, and figure something out. it isn't perfect...but better than what we have now.

What they would likely do is have the ability to create more crypto, creating an 'inflation', not great too, but at least we know what's going on. Now, they are in control, their population counts on them to protect them, and not over issue the crypto, to keep the value how. However, if someone does try the take-over, they simply issue a bunch more crypto, and screw the holder, cuz the value just went way down - this option discourage anyone to hoard it, and make economy way strong, again if gvt is smart about it. Similar what we have today, but a level playing field, all backed and valued on same basis, gold.

This can happen with unbacked crypto too. those gvt rely on transactions for taxes, but others slowly buy theirs up, and liquidity dries up

same way banks are going to take down all the private blockchains backed by gold. Those little guys are going to just collect mass of gold for big guys to come and slowly buy up crypto, then take a lump sum of gold and say wow thx, that was easy.

My problem with the whole Crypto thing is, and i am older person, so that maybe the issue too, but i can't see it or touch it if i want to, it is something generated and mining takes place to get it, so i guess in a way it is earned in some respect, but i still can't hold it in my hand if i want to.

My wife and i, In 1995, Purchased 5K worth of gold, we bought it at 386.11 an ounce. they gave me a slip of paper showing my investment, and told me i could take the piece of paper and cash my gold in when i wanted to. I said, hell no,you need to give me my actual gold, so they gave me my gold in in one ounce coins, i was good with that, but not a slip of paper showing i own the gold, that wasn't going to work with me. That 5K we invested in the Gold , was all the money we had at that time.

I am still reading and trying to learn Crypto.

JayT said:

I am not discussing an apocalypse. The theory of gold being money only during an apocalypse is a psy-opts, to keep you thinking exactly the way you are, and NOT buying it, because why?

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I guess that all I can say is that I'm not buying gold because I don't have a load of money that I need to diversify into assets in order to guarantee that it's worth is stored and retained for a long period of time.

I don't see gold as a unit of work, it's value is arbitrary. Whilst it might be traded in the markets for money, it's just blocks of inert metal and there is more that could be pulled out of the ground, but they just don't on purpose, creating artificial scarcity. Likewise, crypto currencies are units of 'work', but not real work, just clock cycles running an algorithm, the worth is also arbitrary. It doesn't represent useful work that has been done and it's difficulty level serves to create scarcity. The same can be argued with QE, that it's not real work either, it is essentially creating units of 'work' out if thin air, it reduces the worth of the currency, but at least there is true work being conducted in the economy to which the value is pegged. The currencies in each economy have agreed value, which is measured against other currencies in order to determine what it represents in stored production of goods and services AKA real work/things so that they can be bought and sold.

JayT said:

This gold-currency was always abandoned, not because gold, but greedy governments abandoning it, having systems that were no-transparent, over printing, etc...perverting it. On blockchain, they can do that, but everyone will know! It won't be a big secret like everything is today. Transacting gold digitally without blockchain, you have no idea what's going on!

The world doesn't need dollars as a reserve currency, those come and go. Enough countries agree on something better, and that's it. It's not just dollars though, everyone will be forced to switch.

Every1 always want to hate on governments, but they need to have some control over money and a way to collect taxes. Anarchy will not work.

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Agreed that governments need to have control over money, but the value of their currencies comes down to the amount of it that is exchanged (demand for it) in order to conduct trade, to buy products and services. If the demand for their currency dwindles, so does the worth, but in order for that to happen, the countries with these currencies would need to stop providing goods and services that people in the world want. That sounds fair enough to me. Where does gold come into the equation? It's metal taken out of the ground. It doesn't represent anything... just because it did in the past doesn't mean it has to now for the system to work effectively.

Why would we want the unit of currency to be tied to a physical ounce of metal? What does it really serve to fix in the system that we have now? Measuring units of work according to something that can be dug out of the ground is more arbitrary than agreeing it against the trade of genuine goods and services of a country like we do now... surely?

Crypto is just a unit of account. It can be designed to represent anything. stocks, bonds..things that people already trust with banks to hold digitally. Gold, it could do just the same. Obviously today you'd rather just hold the gold, while you can. There may come a day when there is no physical gold for sale, and the price will go really high really fast while fake paper exchanges default. 500x more gold is owed 'on paper' exchanges than exists on said exchanges (available gold). Gold commonly trades 50%-100% annual global production PER day (some times in the frame of a few seconds!). Commodity law suggests it should only trade 3% of global annual production. Gold is being manipulated on paper, to make paper profits WHILE suppressing the price. I know it sounds like a conspiracy, but central bankers, all of them including Chinese have a common reason to do this, to get it for themselves and keep the public away as long as possible. They ARE buying, usa banks ARE buying. Where is it coming from? People! Regular people. Slowly. If you want more speculation, china has over 20,000 tons, almost 3x as much as usa, been secretly grabbing it from everywhere possible.

Gvt/banks could issue the gold backed crypto, the value would be based on how much gold:crypto they have (compared to other countries). You could spend it on a debit card, just like today. Wouldn't even know the difference. Ofc details...every country would run theirs different, some would screw it up. But the thing is, are basing on something real at least, proportionate to coins:gold.

The problem with paper dollar, backed by gold...who knows what going on with that!? At least on blockchain, everyone can see, transparency, they can track, efficiency etc.

very true, the dollar being backed by gold is very tricky in these days and times, we cashed out our gold in 2010, gold had reached $1,400 an ounce, we cashed out at $1,284 an ounce, but i had all the gold in hand, all in American Gold Eagle one ounce coins, so i was able to take it and cash it in anywhere i wanted too, as opposed to to having a contract of paper , showing that i owned the gold , that i would have only been able to cash out with the bank i purchased it from.

I will need any Cypto currency the same, I will need to be able to have it in my physical possession , virtual wont work for me.

LTC will be above $5k, XRP above $20, Eth above $6k, and yet btc will not be N1, btc will NOT be king... btc will settle at 25k-40k.

There, i now officially made a prediction thats just as worthless and baseless as every other out there, truth is, unless you are an actual insider you dont know whats going on, and you can decide to either buy and wait, and see what happens, or not buy and wait and see... either way... .. make your choice, stick with it and be happy . Its all one can really do.

55Domains said:

LTC will be above $5k, XRP above $20, Eth above $6k, and yet btc will not be N1, btc will NOT be king... btc will settle at 25k-40k.

There, i now officially made a prediction thats just as worthless and baseless as every other out there, truth is, unless you are an actual insider you dont know whats going on, and you can decide to either buy and wait, and see what happens, or not buy and wait and see... either way... .. make your choice, stick with it and be happy . Its all one can really do.

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Probably something like that haha. I am not saying what price gold is going to, just the way things are developing, who is buying and why they are, makes sense. If they want to be accepted, they need to base their money on something that already has a value. If they bring out a cryptocoin, similar to bitcoin, with no backing, then they are vulnerable, if it fails, they're screwed. with gold, they have a solid value, no1 can rly dispute.

Then they have convenience of blockchain too, easy to manage, easy to collect, easy to track...lots

You are a state.
You have to store 1 trillion $ safely as wealth available at all times.
Real estate? not liquid.
Stock market, not safe.
Dollar bills? cant trust, its backed by nothing.
Crypto, same.
Gold, the most precious of metals that will retain its value througout ages and nations is the only option

Windoms said:

You are a state.
You have to store 1 trillion $ safely as wealth available at all times.
Real estate? not liquid.
Stock market, not safe.
Dollar bills? cant trust, its backed by nothing.
Crypto, same.
Gold, the most precious of metals that will retain its value througout ages and nations is the only option

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I'm not sure that that's how it works. The state doesn't store wealth, the state facilitates trade between it's people and others. The state's wealth is derived from it's activity in the world economy.

MadAboutDomains said:

I'm not sure that that's how it works. The state doesn't store wealth, the state facilitates trade between it's people and others.

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In the big picture, wealth isn't actually money, not even gold. wealth is production and innovation. A strong, stable currency helps facilitate that.

What is 'Wealth'

Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of resources. Specific people, organizations and nations are said to be wealthy when they are able to accumulate many valuable resources or goods.

Cheers
Corey

Speculating is not the same as investing.

Kate said:

Speculating is not the same as investing.

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I think you can speculate without investing but not invest without speculating.

I'm just speculating on this point (not investing)

A state has to store money thatll be available at all times. Its wealth. Nothing beats gold. Gold is the only option. You have war, you lose, your currency and investments are destroyed, gold stays and keeps its value.
@MarketingStrategies.com trade is not speculation.