RE:Impact of Fed's words on Bitcoin value?I'm not sure that FED's remarks impact the BTC, maybe to the upside if anything, because the BTC fans will take any positive or negative remarks as "Good for BTC"
I don't want the BTC people to lose money but they will when $hit meets FAN...BTC is the "musical chairs" everything is nice and dandy while the music plays but when the music stops we'll see a big panic out there...and the once that didn't act fast enough will be left standing without a buyer for their imaginary coins.
Even Tulip Mania was better than BTC, at least you were left with a lot of flowers at the end...and you had nice garden for years to come :)
My personal opinion is that the Elites invented the BTC gave it a good marketing so people buy into it as "non regulated, non centralized" and so on, so when they are ready to pull the plug they can confiscate all savings easy...BTC can be shut down with an executive order and a click of a button...regardless what the brainwashed are saying, the Gov can trace every coin, after all everything thats on the net is visible to them and in order to do anything with the BTC you have to have a wallet...Gov can easily confiscate all wallets and close the wallet companies...try that with real gold
in history they tried to confiscate everyhting but it was impossible because not everyone bought into it to take their gold in, so they had to invent something else for people to put their savings into...
Goodtoreadthis1 wrote: Knowledgeable precious metals experts constantly remind us all that a key component of precious metals is that they are actual, hard, physical assets. They are NOT illusionary or something that derives it's value from something else. When 60 minutes chased Fed Chair Powell tonight about risk in the markets particularly a possible "bubble market" Chair Powell stated a series of reasons why this market is not in a bubble; but when asked the question what is the key risk you worry about ? he answered --cyber attacks.
Since BITCOIN is a created value in the electronic market, Powell's answer said to me that Bitcoin as a digital currency is FAR riskier than precious metals.
It will be interesting to see if the Bitcoin price value changes as a result of the Chairman's remark.