RE:RE:RE:Bitcoin or gold ?goldman88 wrote: You might be right and they aint getting my money. They are getting bigger it seems as Bitcoins market cap is $352 billion , believe it or not . Counting the smaller ones its quite a bit of money in a Ponzi scam.
goldman,
Bitcon is not a ponzi scheme. It's government supported distraction to prevent money flooding into gold. Nobody knows who created bitcon(some satoshi guy supposedly), but yet it's allowed to be freely purchased and sold across continents avoiding the SWIFT system. It provides money launderers, drug dealers, human traffickers, and "terrorist" organizations a means to trade, yet so far, no statute/rule/regulation from Congress or US/Western regulatory agencies on prohibiting ownership of bitcon or any other unregistered cryptocon. Why?
President Trump recently issued an Executive Order to block/freeze certain Chinese securities. Why doesn't he do the same for all these cryptos?
Why does the Treasury (vis a vis FinCEN) continue to allow US persons to continue to purchase and own bitcon?
Any of you ever heard of FATCA? If you're a US citizen, you need to report your overseas accounts.
Why don't they simply pass a law that prohibits ownership of bitcon or any other unregistered security (SEC Act of 1933)?
Simply because they don't want you to stop buying it! Don't buy gold, buy bitcon! Save the US "Dollar"! It cost them nothing to create an infinite amount of cryptos. It would cost them the reserve currency of the world to buy back that 8000 tons of gold they sold into the market