Why BITCOIN is collapsing?
BITCOIN - Nov 2017 T0 Mar 2018
When I first heard that the COMMODITY MERCHANTILE EXCHANGE was going to start trading Bitcoin Futures back in November of 2017, I wondered if this news was a wolf dressed in sheep clothing. Having been a futures broker and a partner in a Futures trading firm in the early 1980's I fully realized that you could make just as much money in a falling market as you could in a rising market. Actually it is easier to make money in a falling market, if you are a Rothschild, JP Morgan or part of cartel that had the power to control prices.
Go to htpps:www.investopedia.com; type in the word CARTEL and you will get the following definition:
A cartel is an organization created from a formal agreement between a group of producers of a good or service to regulate supply to manipulate prices. If I had the power I would edit this definition to read "A cartel is a group or organization of any type created through an informal or formal agreement between individuals or groups, of producers or users, to regulate supply of any good or service."
Go one step further; type in SHERMAN ANTITRUST ACT and you get this definition:
The Sherman Antitrust Act is landmark 1890 U.S. legislation which outlawed trusts -- monopolies and cartels -- to increase economic competitiveness.
It would seem that the government in 1890 was not a member of the CARTEL, but since then the lure of money and power have become much more powerful than maintaing integrity and doing what is a greater good for the majority.
My contention is that Trump was elected because he was going to break up the CARTEL and "drain the swamp", but he has considered what happened to presidents who attempted to do such a thing, and reconsidered - he has joined the CARTEL.
I do not want to be member of the CARTEL, but neither do I want to be a victim of illegal price surpression, so I continue to invest in Cryptocurrencies, Gold, Silver and Uranium in the belief that the ROBBER BARONS can not keep their game going for ever. The Roschilds are probably the most powerful member of the CARTEL which through media has been able to control earthlings like ourselves. People who say otherwise are treated as outcast and conspiracy freaks.
This is what happened to the price of URANIUM once the CME started trading Uranium Futures. It is the same for Gold and Silver.
I urge you to study the blockchain and help support the awareness of how we are being manipulated by the CARTEL that now seems to be able to control the price of all commodities, once they get it on the CME and start trading paper contracts.
Individuals should have been more aware and shorted Bitcoin the moment CME Futures started trading on Dec 17, 2017, but the CARTEL knew most would be fooled by media reports and so they set up the game and we were willing to pay to play. There is no need to protest, BUT there is a great need to learn more, spread the truth and not make the same mistakes again and again.
Highly recommended sites are CoinWrath and SuperCrypto who writes on medium com
Recent Comments
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I appreciate your comment very much. Two years ago at age 72 I knew none of this and fell into a passion to understand why government was the way it presently is. I will be 75 this year and just getting started to learn the knowledge and skills, which will end up changing my beliefs.
Joining WA in Feb 2016 was a very big move for me as making a living was always a big deal in my life and a man's worth was measured by his work and how much money he made. It seemed as if the amount of money one accumulated signified how successful one was in society.
I have yet to monetize any of my efforts here at WA but I believe 2018 and especially 2019 will be my years. My passions are studying history and specifically my ancestors, investment, business, lucid dreaming and especially learning so I am enjoying the trip.
I read somewhere that the first transaction on Bitcoin way back when it started was for a pizza delivery and the amount paid for that pizza was 10,000 bitcoins.
That pizza delivery shop would be worth somewhere in the region of 100,000,000, yes 100 million dollars today.
Like everything when it comes to investing in something like this is you need to be in at the very beginning.
This is far too volatile and too risky!
I personally wouldn't touch it with a bargepole!
Something to maybe take on board and think about is who started the ball rolling in the first place with Bitcoin?
Yes, I know it was Satoshi Nakamoto, but who the hell is he, she, or it?
Nobody knows, right?
I'm more inclined to believe that this was started by the "FED" or some rogue group in the "Government" but since the money controls everything and everybody on this planet then the "FED" would be my favourite!
Just think about it.
The Dollar is not worth the paper it is written on and they have been looking for an alternative solution to cash for some time now.
The end goal is to have no cash at all and besides don't you think its a little strange that the government haven't stepped in and closed them down?
If it had been my idea or yours do you really think it would have taken off?
Offcourse not!
Stay well away!!!
Mick
Cryptocurrencies were initially invented to support a decentralized government. Hence, I would like to say that the FEDS are not involved with this. In fact, they are trying to ban these altcoins in the United States.
Bitcoin is highly volatile for now. With the rapid emergence of various cryptocurrencies, this is making BTC go up and down. The decentralized web is like the internet back in 2000s or 1990s. It is still in its infancy which means it's a definitely risky business to be involved with.
The only advice I can give is to never invest money you cannot afford to lose. Period. :)
Since the FED controls everything then if they had, in fact, wanted to ban them then it would have already been done.
Appreciate your remarks. They certainly make a person think.
Personally I believe that brick walls are there not to keep us out, but rather to give us a chance to show how badly we want something.
For me, I was not one of the first ones in WealthyAffiliate and to me it was risky to pay the first year dues, but I did an have never regretted it.
@anonymoose I agree that the blockchain is a threat to the power of any centralized authority like the FED and financial institutions. I believe that a decentralized, transparent, consensus reached by anyone who wants to participate is stronger and more beneficial to all, than one promoted by a centralized, hidden, unidentified group (Cartel).
One big plus for me is that there is no one point to be attacked and hacked in a decentralized system. Banks, facebook, google, twitter, institutions, organizations etc. are nearly all centralized systems that hold our personal information. From what I see happening to that information, I do not trust them.
Unlikely that the FED started Bitcoin. While no one really knows who Satoshi is there are a fair amount of recorded conversation with this person (or persons) that were had early on with some of the other early founders that jumped on board after Satoshi introduced the idea.
It had such a rough and disastrous beginning I can't imagine the FED being behind it. They would have came out with something much better from the start but Bitcoin has evolved so much... and still look at it... its has no real use, it sucks up so much damn electricity in a completely wasteful process, the network gets bogged down even with the low amount of people involved in sending transactions, and the list goes on and on.
I agree that Bitcoin is a load of crap. I hold some bitcoin but only because I trade cryptos and you pretty much need it as a base for exchange. There are a lot better cryptocurrencies out there to invest in. The only reason Bitcoin is still relevant is because it was the first to market.
Bitcoin is a dinosaur that is going extinct and there is little that can stop this from happening. its only a matter of time because the newer and much better cryptos will take the lead.
The banking system is pretty much behind everything and whether the FED (an illegal private bank) is part of this new direction or not, the way it is heading and that is to eliminate all cash (can't see it), then that is exactly what these banksters want.
I find it unbelievable that strict regulations haven't been put in place and the reason for my belief that maybe the "FED" are involved.
"fair amount of recorded conversations of Satoshi"
If this unknown person is, well "unknown" then how can we make an assumption that this so-called person is actually real?
You can't, can you?
All the "BS" we see out there could just be more "BS"
Back to cryptos and do you have a recommendation for all these people who are looking to invest?
Cheers
Mick
There are a lot of reasons why Trump ended up in the White House, but breaking up the "cartel" and draining the swamp aren't included in the mix. If anything he's made the swamp deeper and wider, and he hasn't drained anything except a lot of people's retirement funds at this point in time (including mine).
The notion that Trump had the forethought and desire to break up any kind of corruption is actually pretty funny. He's only interested with lining his own pockets and advancing his personal business concerns. He is the most corrupt president we've ever had in the history of the United States.
That's just my two cents. You can believe whatever you want.
People need to realize that the vote is just a complete con and these people are put in those positions for a reason and it isn't for the good of the public!
Mick
I agree, Wozzy. Even so, if they would correct the gerrymandering and not allow that to happen anymore, AND get rid of the Electoral College I think democracy would stand a fighting chance.
Most likely the "powers that be" don't want that to happen. I put that in quotes because I always used to laugh at my sister when she would talk about the "powers that be," but now I'm beginning to think she just may be right.
Trump is the most ill-suited, unprepared and unqualified person we've ever had in the White House. No contest. He doesn't belong there.
If only people would open their eyes then they would see in plain sight what was going on, but people are not interested if it doesn't directly affect them.
Neither should ever have been contenders!!
This is the primary reason to learn all I can about the blockchain which is consider by many to be a technology that can combat corruption and restore trust in the political process.
It is my understanding that blockchain keeps track of every transaction across the multiple platforms, but there is no way of finding out who was involved in the transaction(s). Basically a ledger!
This is what blockchain technology is meant to counteract. If allowed to develop and I can see no reason for it being stoppable, it will restore trust among all and be for the good of all.
If people learn what the blockchain technology will do for all they will support it. Education and learning are critical processes for that to happen.
One thing that you will never happen and that is restore trust in the political process.
Far too many rogue elements involved
Yes it does that in a transparent, decentralized way that does not reveal identities.
To those who say 'We don't need privacy because we have nothing to hide' I say 'Remove the curtains from your windows and the doors from your bathrooms, if you have nothing to hide'I have nothing to hide".
That ledger is reached by consensus and is open to all to see, but identities are not revealed. We should know what is being done with our personal data by others.
I have great faith that trust can be restored in the political process, but it will take time, education and commitment. I believe blockchain technology is accepted by most Millenials and they are changing society.
Education is critical, as is disruptive change, but it has to be open to all, transparent, and decentralized.
Hi Roger:
Good article to reveal the power of the big players (Institutions and larger private players, all part of the cartel the article speaks about). The more we know, the wiser we'll be.
Are you building this into your website? All of this hype surrounding Blockchain should be explained and brought back to earth. I'll keep following the saga.
Good luck with it all. Ted
Thanks for the support Ted. My website 'blockchainlearners' purpose is to learn along with others how blockchain technology can reestablish trust between individuals and our various institutions. The blockchain is a very disruptive force, but has the potential to level the playing field of society.
The few who presently hold all the power will resist, but systems must be changed so that everyone can have personal control over their data and identities; access to the global economy for those presently excluded; and a shift in power that gives everyone a fair chance to have a successful life.
I feel so sorry for a lot of people, I know there are people who have trusted all their savings into bitcoins. There was even a couple on the news, who have sold their house and invested all in Bitcoins
If people sell their houses to invest in anything, be it Bitcoin or whatever, then more fool them. I would find it very difficult to be sympathetic towards them. Maybe there was a bit of a greed motive there and now they're basking in the noble role of 'victim'. The golden rule of investing in anything is never to risk more than you can afford to lose.
There you are right, never invest money you don't have, and have to borough, they felt for the shiny object, I suppose..
The best thing if you can afford to, just leave them in and let them ride. Bitcoin is so volatile who knows when the value will hit the heights.
Mick
I have no bitcoins, I donated the one bitcoin I received a couple of years ago to Save the Children:)) That was in the time the bitcoin was worth around the 4 dollars:))
I like your golden rule!
Greed seems to be more powerful and prevalent than living by that other golden rule "Do unto other what you would have done unto you"
Thank you, I also live by your rule, what you send out you get back, so give everything to everyone;)
Interesting. What makes you say that Trump decided to join instead of banish the Cartel? I'm curious. :D
Trump finally realized what the Cartel probably did to J. F. Kennedy when he threatened their power base and he want to lead the good life as a powerful, rich individual.
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Bitcoin (and other cryptocurrencies also) prices fluctuate time to time and it doesn't keep any steady manner. So the investment part becomes hard as it can be trusted as a worthy asset. However, some experts said that the crash in the 2018 November can be taken as a pump and dump scam also.