The more dollars printed, the better bitcoin looks.
With that said, more power to them that do it. What I do find interesting is that it is perceived as LESS risky than our dollar which is backed by the “full faith and credit” of our American Government. That is the BIG STORY. Risk is relative and Bit coin is perceived as less risky.
Personally this tells me to bring my wealth closer to home and in real property and assets. And even that is FULL of risk.
You never eliminate risk, you manage it.
It’s so important to ensure that history is being treated with the appropriate amount of respect, but at the same time ensuring that we are confident that the past applies to the present.
There is no more bitcoin than the bitcoin that exists today. That’s all the bitcoin that there is. True, its a fiat currency, but it is better than most because it is FREE OF CENTRAL BANK MANIPULATION.
Instead of a few key insiders actually knowing the books (China and the US are the worst about this point), with bitcoin, everyone knows the books. The US has literally been enslaving small countries with its currency manipulation.
There was even a quote from someone in our admin at one point I recent history with regards to that. “It’s our money, but it’s your problem,” or something to that effect.
Incredibly arrogant.
Anyway, the OTHER problem bitcoin solves is that in lieu of the dollar, bitcoin can be used as an international currency. Instead of states having to come up with 50 different currencies when the dollar falls, there will be bitcoin. It will be there to ensure there is international trade when the dollar and the yuan caves in (which it is going to, sure as you’re born).
The third thing bitcoin does is provides physical security against theft that you could not provide for yourself in protecting gold, commodities, etc.
The obvious dig against bitcoin is that it requires electricity and internet connectivity.
Diversify accordingly.
I sounds dangerous, very vulnerable, with the ones with the higher end PCs winning.
http://www.pcworld.com/article/2033715/7-things-you-need-to-know-about-bitcoin.html
Full faith and credit?
We are over 17 Trillion with a “T” in debt and climbing.
Do you have faith in the Commander in Chief and the Cabal that surrounds him?
The Chinese are starting to run rings around us because of our dumbed down leadership.
This is a non starter FRiend, I am very sorry to say!
Bitcoin the protocol is here to stay and it will gain the lions share of all things financial.
Diversify between DACs ( Distributed Autonomous Communities ) If you want to balance risk. This infrastructure is being built over the decentralized encrypted Bitcoin network and it is changing everything. Bitcoin the currency is the tip of the iceberg
Here’s an example, give it a read if you like. A total tsunami this way cometh.
https://bitsharestalk.org/index.php?topic=1053.0