Cryptocurrency / bitcoin bubble

I talked about it a little before, but after reader KILLZONE posted this twitter:

It made me think I need to do another post on it. I was VERY skeptical of crypto currency (the idea of having money in the void that somehow meant something) but after about a month I got into it.  I don’t do things half hearted and went hardcore into it.  I got scammed by one guy along the way, but have made a few thousand.  Nothing insane but really good for me.

That being said, I am planning my retreat out of crypto sooner rather than later.  ‘It cant be a bubble’ etcetc.  There is a good saying somewhere that you should sell your stock when you hear your cab guy talking about it.  That is what we are hitting in crypto land.  ‘Normies’ are getting into it.

I consider myself very tech literate (even though I hate smart phones) and honestly I barely understand crypto, it is easy to say 90% of these guys in it are FOR SPECULATION ONLY.  Altcoins really exemplify this, no one knows wtf they do, but you get good ‘gains’ off it.

What it comes down to is a lot of that stuff can be tracked, and its kind of useless, wtf is a ‘distributed ledger’ actually good for?  Why the hell would it matter if there is proof of you buying a pack of gum 20 years ago and its locked in for all eternity?

With gov control, pure speculation, nothing backing it up, and dangerous ‘normie approval’ zone hitting, its time to get out.


Bitcoin cash – ‘printing money’ out of thin air (Crypto)

Crypto currencies have been around for years, but the last few months have had a major increase in interest. The market is around 100 billions dollars in value.

For those that have no clue what this is, there are various ‘currencies’ that pretty much anyone can invent and if people buy it you make money, most are scams a few try to serve real world purpose.

To be blunt, I think it is largely bullshit but could see it make money at least a few years before it all crashes cataclysmicly.  To illustrate most recent the major player bitcoin decided to split.

A single bitcoin is worth around 2700$, after the split you received all your bitcoins but also ‘bitcoin cash’ which was valued at 700$.  Loosely creating 25% pure profit from thin air, and literally creating 6~ billion dollars in the snap of a finger.

Most people do not even get fazed by this.  I have some money in cryptos, but this destroys my trust in it so much.  I have heard rumors that  the (((Rothchilds))) not only own a lot of bitcoin but actually were pushing for this split.

The more I read about this whole sector, the more wary I get.  MOST ways to get into crypto require the following: SSN, drivers lincense, bank account #, facial picture upload.  All just to buy some digital numbers.  Even typing this out I see what a scam it is.  Again, I am in it, but mostly just for some gains to cash out into real things. (I also found other ways in without the privacy loss).

Ironic for stuff touted as ‘privacy’ is in fact not private at all, and the transactions are very easy to track down.  Probably some jew/cia thing in the end.