Category: Cryptocurrency

JP Morgan Pumps Bitcoin With Euros

Yuan-denominated Bitcoin has crashed as much as 25% 35% in Chinese trading, plunging from 25,000 yuan to as a low of 16,000 on local exchanges BTCChina (and as low as 20,000 on OKCoin), following confirmation of last week’s Caixin report that Beijing would stop cryptocurrency exchange trading. China’s second largest exchange, BTC China, said that…

Deep State’s Version Of Fiat Bitcoin: IMF’s SDR

The war on Cash: The money in your savings account isn’t piled up inside your bank’s vault, which isn’t true. Your savings don’t really exist. It’s all digits in an electronic account ledger. People transact with these digital currency units, whenever a bank transfer is made, or a credit card is used. The Dollar Is…

Bitcoin aka ‘Digital Bit On A Spread Sheet’: Crashes On Massive Volume As China Plans To Shut Local Exchanges

Having bounced back dramatically from the 20% plunge following China’s ban of ICOs, Bitcoin is getting battered again this morning on very heavy volume as Caixin reports Chinese authorities plan to shut local Bitcoin exchanges. The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies and currencies of…

Silver’s Door Step: Five Reasons to Buy ‘Physical’ Silver Now

Silver is generally treated like gold’s little brother, and tends to get lost in the shuffle. But a recent Business Insider article listed five good reasons to buy silver. Like gold, silver is money. It’s historically been a good safe-haven investment and a hedge against inflation. But it also serves as an industrial metal. Silver…

Spitznagel: Why Crypto Spreadsheet Digits ~ “Misnomer Currencies” Will Never Be Safe Havens

Every further new high in the price of Bitcoin [misnomer coin] brings ever more claims that it is destined to become the preeminent safe haven investment of the modern age — the new gold. Comparing Gold’s Price To Bitcoin Is Patently Ridiculous: Spreadsheet Bit-digit Would Need To Be Backed By $450,000.00 Each But there’s no getting around the…

Bitcoin With Click Of A Mouse You Could Be Without: Contrary To The Hype, Bitcoin Is Centrally Controlled

Hardfork Proves Crypto Centralization ~ Which Can Be Altered At Any Time Bitcoin is a New World Order scam designed to trick liberty-loving types into moving their money out of physical assets and into a system that appeals to their anti-bank, anti-government instincts – but they are being conned by the powers that be, according to…

Bitcoiners “Holding On With A Death Grip” As “Pipe Dream” Appears Hopelessly Obsolete

In a fascinating, two-part interview with cryptocurrency analyst Kevin Lawton, the Health Ranger discusses the promise of decentralization, the vulnerabilities of Bitcoin and what the future holds for cryptocurrencies. (See video below.) – Background on cryptocurrencies, and why Bitcoin was a useful “proof of concept” but doesn’t represent the future of cryptocurrency. – Why Bitcoin…

Bitcoin’s Fortnight July 18, 2017: Penny Stock Split Scheme ~ Fractional Thievery

A typical penny stock company may be trading at 30¢ per share, with 200 million shares outstanding. If it were to split 3 for 1, the share price would lower to 10¢ and the number of outstanding shares would increase to 600 million. Penny Stock Mergers And Amalgamations For Dummies Bitcoin’s Chain Split On August 1st,…

Breaking: U.S. Senate Crypto Currency Killer Bill

As there are so many noobs buying into the “Bitcoin casino” right now, especially in Asia, the crypto-currency is now attracting a lot of people who think it’s just like a corporate stock. In other words, they assume it’s regulated by somebody, that its promoters are subject to laws of some kind, and that the…

Crypto~Spreadsheet Digital Exchanges Shut Down Due To Heavy Selling Of Bit ~ digits

The Bitcoin market hit record highs over the weekend before dropping further than it has in years. Several exchanges for the cryptocurrency suffered outages during the fluctuation, leaving customers unable to buy or sell for hours. Bitcoin flash crash Investment Strategist Warns Bitcoin Is A Mania, Not A Store Of Value… “I Sold-Out Last Week”