RE:Sold all my Gold&SilverWhat is not fully understood by the vast majority (Think outside tiny populus of North America) yet ..(but certainly many are starting to figure out) is that cryptos are not under the control of the elite:
1. no goverment control
2. no bank control
3 . Peer to peer transaction, no taxes and virtually untraceable by authorities.
This means you can actually make money there. And ya know - If Bob Smith wants to sell me a tractor for 16 bitcoin .. why should anyone care ?
The elite care - BECAUSE they CANNOT get a piece of the action. This p!sses them off.
The very notion that the unwashed are migrating to an ACTUAL market that is NOT RIGGED (crypto market - albeit wild west-sih still) and where transaction fees are absolutely negligable, is causing them concern. ACTUAL people are starting to MAKE SERIOUS money and this cannot be tolerated.
You see - unlike the PMs where sentiment is totally destroyed - by the total manipulation and utter control (and thusly you surrender any hope and give up) - you cannot naked short an electronic currency. You cannot copy a coin the public ledger block chain ensures that. You cannot fabricate one out of thin air and Its portable too, it's only weakness is that it is indeed electronic. A considerable weakness to be sure.
However, little is left in today's society, where you can make an "investment" and get 25% returns.
What could destroy the electronic currencies - other than the obvious EMP device ?
A futures market .. LOL
and I believe that if the elite cannot outright destroy the crypto market, they will then turn to "regulating it" with said derivitive.
8 weeks ago ETH = $24.35 ... Today = $137.46 ......Yes, I did fine thank you very much.
Bitcoin was 1650.00 or so .. today is set to go over 2100.00 (already did but is consolidating) with no end in sight.
In fact, my trades of Bytecoin, now OVER 300% in the last 6 weeks, was nice. Compare that to the bull cr@p of these so called equity markets.
Bitcoin is now the denominator of all other cryptos. E.G. to buy 1000 Dogecoin was (last week - 66 cents now as I type $2.35) you needed about 0.00000114 BTC or 1.114 mBTC where 1 mBTC = 1 millionth or 6 decimal places right. mBTC is just easier for daily use. Think of them like nickels and dimes in context of the dollar.
Yes i did well there too. So much so that I am now thinking of exactly your post. I have been patient .. buying Dogecoin. Free Doge here too:
free Dogecoin Free Doge: when I was playing, I was getting 5.x per "Roll" sometimes getting the 10 or 100 bagger .. lol .. but now .. you dont get a whole one .. cuz the value is rising.
Patience is paying. I have made more in 8 weeks in crypto than months here. I am sure that I am not alone of being sick and tired of being F'd over by the traditional, HFT, quote stuffing, greedy players in the equity markets .. really .. is it any wonder that millions - yes MILLIONS of people are getting on board at ENTRY levels to crypto currecies - of which there are now more than 800 .
See here -->
HOLY CR@P - that many ? - YES So I will assert that your sell notion for Bitcoin is relative to where you got in. However, one must understand now that several years have passed and it is the coin now used to denominate others. Sure you can still buy it outright .. but why? So many other coins WILL come to fruition. ETH is now being used by 4 major corporations in their future project plans and hence, the price rise.
Like anything else, do your diligence ..
GLTY