“Experts” show their Ignorance.
I read an artilce titled “Why Bitcoin Wont Bounce Back”, the article follows some “Experts” and their opinions about the reasons.
Jamie Dimon, Chairman and CEO of JPMorgan Chase stated that:
“The first thing that Governments do is to Create a currency, Control the currency through a central bank and know Who has that currency.”
This is everything Cryptocurrencies are not, which is why HE is fighting against them, which is why Governments want to control them. He is in cohorts with Government, he is the first one to reach out his grubby little hands to receive Government Bailouts for his companies bad business and some would say, Immoral business practices. He is an Expert at using the corrupt system of “Bank and Government”, you scratch my back and I’ll scratch yours.
The other point he mentions is that Bitcoin, or Cryptocurrencies “are used, in some cases for Illicit purposes.”
So, what is your point? Or are you ignorant of the fact the Fiat Currency, US dollar, Euro, Yen, etc are all used, in some cases, for illicit purposes. That is a ridiculous argument. Expert? Stick to what you know, begging the Government for tax payers money to bail you and your buddies out. Leach.
Nicholas Colas, Co-Founder of Datatek Research stated that:
“Were are getting alot of people asking if this is the right time to buy (Bitcoin), and the short anwser is no.”
He continues by saying:
“The two fundemental reasons are we are not seeing a lot of engagement with people interested in buying Bitcoin for the first time and with any technology you need new adopters to come in and make it more valuable, and second we are not seeing wallet growth, people are not opening new wallets.”
This has to be one of the most idiotic string of words I have ever read, from an “Expert”. The Idea that there is Less engagement of people who are getting into Bitcoin is just downright Ill-informed hog wash.
“From where are you getting this information Mr. Colas? A fortune cookie?”
And his second point of:
“We are not seeing wallet growth”,
is downright Stupid, he obvioulsy has no idea how a wallet works, for you can have the same wallet, one wallet for multiple cryptocurrencies and you never need a new one, they dont wear out. And who are “WE”, do you have access to the Downloads from these wallets from their perspective App Stores? Can you see how many downloads a day the Jaxx wallet has, or the Bitcoin wallet or the numerous others? Of course you don’t you Blowhard, you are just doing your part to try to keep the inevitable from happening.
Charlie Munger, Berkshire Hathaway said that:
“Bitcoin is Worthless, Artificial Gold.”
He continued his uneducated biased opinion by saying:
“,which if it succeeded, would facilitate a lot of illicit activity. Now that is not something, I think the world needs.”
Again we come back to Bitcoin being used to facilitate illicit activity, and again I come back to Fiat Currency is used abundantly more for Illegal activites than any Cryptocurrency.
And how about this point, the US dollar is being used to feed a War Machine that is dropping bombs via drones everyday on countries which it has NOT declared war upon? Against countires which have never even attacked the U.S. How about the fact that the U.S dollar is taken from citizens of the U.S and given to BANKERS and BANKS so they can continue to run amok and not have to worry about the consequences. How about the fact that the U.S. dollar has LOST 93% of its value.
You talk about Bitcoin being “Worthless Artificial Gold”?! The dollar is becoming Worthless Pure Manure.
But, you know who butters your bread, don’t you, Mr. Munger.
A Mohamed El-Erain said that:
“I dont think you will get back to $20,000 (the high point of Bitcoin last year), but I do think you need to establish a base, whereby the people who truly believe in the future of bitcoin consolidate and that provides you with a lift up and that were not seeing.”
Bitcoin, I am happy to say, will surpass the $20,000 mark from last year by the end of this year. We are seeing this “lift up”, at the time of writting this, Bitcoin had reached over $7,000. Mr, El-Erain also stated that he would buy into Bitcoin at $5,000, hmm.
Experts?
All of these men fail to full-fill the title of Expert. None of them are very knowledgeable about or skilful in Cryptocurrency, both of which are required to be considered an expert.
I will go out on a limb here and claim that I am more of an expert in Bitcoin and Cryptocurrency than any of these Amateurs are. Their expertise is based upon Fiat Currency, a central banking system, a world of manipulation, aberration, abomination, addiction, administration, affiliation, aggravation, and numerous other words that end in ‘tion’ which represents the current state of the Central Banking System, the Fiat “artifical gold” currency which continues to loose its value and legitimacy. They are all part of the ‘Good Ol’ Boys Club’, none of them have any clue about what Cryptocurrency will do in the future, or perhaps they do, which is why they are speaking out against it.
Bitcoin, Litecoin and Tron, Oh My!
While it is true that the market is overrun with hundreds, if not thousands of Cryptocurrencies, (coincap marketplace lists 1,414 different cryptocurrencies) there are a few things to look at.
- Purpose
- Acceptance
- Tangability
What is the reason for being behind the Cryptocurrency? Is it just to raise money for a project? Will it be used after the project is completed and if so how. Be extremley careful about this factor, for only around 3.5% of companies who create a Cryptocurrency to raise funds for a project actually finish, or deliver what they promsied.
How accepted are they? If you can use the cryptocurrency to buy things in the real world, that crpytocurrency has a definite advantage. Do vendors accept it? Can you sell things for it?
Is it connected to a Real World product, or is it only to be used as a form of exchange? If a cryptocurrency is partly dependant on a Real World product, that cryptocurrency is less susceptible to wild fluctuations, though the value of the crypto is highly reflective on the product itself, more like owning a stock in a comapany. Good company + good product=good stock. Bad company + bad product=bad stock.
Bitcoin is highly accepted worldwide. It is not connected to anything other than what the market dictates its value to be. It was the first widely used cryptocurrency, and is mostly known as the arch-nemesis of Fiat Currency.
Litecoin is also accepted worldwide and is known as the Silver to Bitcoins Gold. It has longevity behind it, solid tech, and has become a very good starting point for people entering into the world of Cryptocurrency.
Titcoin is exclusively designed for and marketed towards the adult entertainment industry to allow owners of the currency to pay for adult products and services without the fear of incriminating payment histories appearing on their credit cards. Hmm, not a safe bet in my opinion.
CVcoin is a unique unified authentication token for encrypted communication platforms. This Cryptocurrency is actually one of the very, very few tokens which is connected to a Real World tangible asset. Cvcoin is used for Blockchain Authentication purposes when using the communications App Crypviser. This new messenger is the only 100% Anonymous messenger on the market, not one ounce of personal information is needed to use this App. No Mobile number is needed, no E-Mail address is needed, not even a real name is needed. This company is dedicated to the Security and Privacy of its customers.
It is also Decentralized, giving it the unique qualification of being Un-Blockable, no single server to shut down, but instead running on a network of nodes spread out around the globe. This month they are releasing the Crypviser Nodes as Open Source on Github, giving people the ablility to become a witness and extend their network.
As you can see, they will be releasing the Android Beta version this month, and within a few months a Tablet version for IOS.
This, I will have to say, is a much better option than Titcoin, or 90% of all the other Cryptocurrencies out there. For all of them, and I mean just about ALL OF THEM 99.8% can be replaced by Bitcoin. Sure Bitcoin has had its problems, slow and expensive transactions, which has lead to Bitcoin Cash. Etherum is a safe bet, so is Litecoin.
Potcoin? No, just use Monero to buy your weed, theres no need for another cryptocurrency to handle this transaction.
I am a Super Genius.
Netflix Coin?
Hmm, now that is a great idea. How valuable would a Netflix coin be if you could only pay for Netflix using the Netflix Cryptocurrency, Netcoin? A cryptocurrency being used in the Real World, connected to a Real World asset. This, my friends is a sure thing, as long as the product itself is needed, of good quality, and is usable by anyone.
Cvcoin drives the most Private and Secure, 100% Anonymous, Decentralised, Blockchain Driven, Un-Blockable, Messenger.
So you tell me, in todays world, when the NSA and other Govermental Secret and Not So Secret Organisations throughout the world, spy and listen to everyone, is this needed?
Is it?
