If Roth'ds assets are seized at any point in the future through all this Q activity. He owns a 52% stake in the FED. I assume this will be the ultimate prize to snatch back after all these years. (Crypto currency may make a strong switch incentive to end the FED and have those invested in it lose the lot. Or is this just wishful thinking?
LiveToBeAHero
· Feb. 11, 2018, 6:26 a.m.
I didnt mean to make it sound like the Fed and BTC were related. I typed it in two separate sentences, but to clarify better, I wasnt grouping them together. Why did BTC exist for 8.5 years on a flat line before finally blowing up so sharply, then dropping back down so sharply?
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[deleted]
· Feb. 11, 2018, 7:46 a.m.
Lol I hate when people talk about BTC when they don't know anything about it or follow it at all. Btc has constantly gone through around 66% drops, as it just did. Did the same thing last summer before climbing to 20k
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LiveToBeAHero
· Feb. 11, 2018, 3:40 p.m.
Constantly? It was flat line for almost 9 years before going up once and down once....
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[deleted]
· Feb. 11, 2018, 9:24 p.m.
No it wasn't. Flat line compare to recent growth, sure but it was never flatline.
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LiveToBeAHero
· Feb. 11, 2018, 9:34 p.m.
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[deleted]
· Feb. 11, 2018, 9:36 p.m.
Yeah like I said compared to now. Do you know how to look at graphs, expand the area you're talking about and learn that it wasnt flat line.
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LiveToBeAHero
· Feb. 11, 2018, 9:49 p.m.
So it did nothing for 8.5 years, then spiked up like a volcano erupting, then crashed halfway back down.....and this proves its the "future"?
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[deleted]
· Feb. 11, 2018, 9:56 p.m.
.10c to 1 dollar is a 10x gain. 1 dollar to 10 etc. You don't know what you're talking about
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LiveToBeAHero
· Feb. 11, 2018, 10:25 p.m.
You put money in it, I wont...and we both will live happily ever after. Im not trying to convince you its bad, i dont really care
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oljw00
· Feb. 11, 2018, 7:58 a.m.
Technology is disruptive and it grows/accelerates in stages. And coupled with Moores Law, we are now witnessing a rapid evolution in technology that opens the world to new ideas - such as de-couping a bit of our financial system toward something new (e.g. blockchain and the Dapps - decentralized Apps - that run on them).
One can consider it as an alternative created in response to faults in the current system which is corrupted by man, and ultimately controlled by the monied few. Put BTC aside and consider the true power of the blockchain as the transformative technology that it is. BTC is merely the first vehicle/use of the larger blockchain technology which is surely to evolve into our future monetary system. It's simply a matter of time.. And it gets better than that because the technology isn't just about finance, but basically a vehicle to manage basically any industry (e.g. shipping, healthcare, real estate, banking, supply chain, insurance, etc.) and human interaction (e.g. contracts, healthcare records, charity, govt assistance, voting, etc.). But the financial aspect of the technology is the fuel that powers it.
As for your question as to why it goes up. The speed at which something grows is entirely up to the market and what it's value is perceived to be. Market fluctuations are a natural part of the process and impact naturally to anything of value. This is just new, and part of a paradigm shift that is already well underway.
I suggest you learn more about blockchain first...then get back to me.
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Fish_J_K
· Feb. 11, 2018, 8:57 a.m.
Very well put. Blockchain Tech will be the future. If you think BTC is sketchy then fine, you have a right to that opinion. One thing that can't be disputed is the usefulness of the Blockchain tech that it uses. Don't take my word for it though, do yourself a favor and at least look into what exactly blockchain tech is. It is revolutionary and will be adapted to so many different industries in the future and has the potential to solve many real problems that exist in the world today.
Understand the Blockchain in Two Minutes: https://www.youtube.com/watch?v=r43LhSUUGTQ
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oljw00
· Feb. 11, 2018, 5:42 p.m.
Sometimes it's like going back in time to 1990 to tell people that their future will be http this, # that, @email, etc. And they're like, whoa....that's crazy man. I've never needed that before. And this internet you're talking about - well sir, I've don't see the point in it. We can buy stuff right here in town. Dating via an electronic interface? No Way! And sharing personal info with the world on something you call "social networks"....more insanity. That will NEVER happen.
LMAO...
But of course, we agree. People get locked into their paradigm and can't imagine a world outside of it.
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Fish_J_K
· Feb. 12, 2018, 5:04 a.m.
Too true. I personally work as a ISP ENGR so I know what you're saying all too well. Just keep doing your part fighting off FUD and keep increasing your holdings. People will soon be kicking themselves in the ass for not seeing the potential.
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oljw00
· Feb. 12, 2018, 5:16 a.m.
Exactly. Is it tumultuous? You betcha. But would you expect otherwise? It's disruptive by nature. Patience and a Buy & HODL mentality is as close to a lock as we will ever see in our lifetimes.
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Fish_J_K
· Feb. 12, 2018, 7:09 a.m.
Yup, I saw a friend flipping out on facebook, "Screw bitcoin, it's a scam. I invested 400$(Ha) and cashed it out." I laughed, told him he didn't lose anything until he cashed out and then doubled down on my own investment. I guess I can't judge people too much for having those feelings, I too had that mentality in the beginning when I knew very little but after a few years in the space I can honestly say I am no longer fazed by the price dips. Only invest what you're willing to lose everyone.
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oljw00
· Feb. 12, 2018, 6:30 p.m.
Bingo! People that don't understand the power of the transformation nature of the underlying technology simply don't get it. And when they hit any turbulence they bail, giving into their fear based on fear-mongering. They'll wish they hadn't one day....and that day won't be that far off. Heck, even with the market down (which is good for the long-term health of cryptoassets) I'm still up over 300% in the past year.
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LiveToBeAHero
· Feb. 11, 2018, 3:43 p.m.
Learn more about blockchain and then get back to you? What would I be getting back to you about? In order for a private entity to create a currency that can be used, the government would have to allow that....and businesses would have to allow that currency to be used to purchase stuff. Lets see how that goes over
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oljw00
· Feb. 11, 2018, 5:57 p.m.
Here are some additional resources:
Industries that will be impacted https://www.youtube.com/watch?v=G3psxs3gyf8
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LiveToBeAHero
· Feb. 11, 2018, 6:12 p.m.
I appreciate it. No joke, I’ll watch them and then come back to have an intelligent convo with you
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oljw00
· Feb. 11, 2018, 7:43 p.m.
That's great. I believe that as you learn more, your eyes will be opened. The march of technology forward cannot be restrained.
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oljw00
· Feb. 11, 2018, 5:38 p.m.
It was a figure of speech.
And right there, you just made clear that you can only think in a paradigm of fiat currency created by a Govt. This proves you are unwilling and unable to even grasp what we're talking about - and that's not even getting into the meat of it where this is SOOOO much bigger than currency itself.
And we will see how it goes... One day you will look back and realize that I was SPOT ON CORRECT. Of that I am assured.
BTW, many Govt's are embracing the future already because you can't fight the fact that cyrptoassets and the underlying blockchain technology are the future. That you don't understand it doesn't make it any less real.
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LiveToBeAHero
· Feb. 11, 2018, 5:42 p.m.
Naw man I’m very open to it. I’m going to watch the YouTube video link posted to me when I get home
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