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Thread: CME Group Says Bitcoin is a Store of Value- Compares it to Gold

  1. #1

    Default CME Group Says Bitcoin is a Store of Value- Compares it to Gold

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  3. #2

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    Gee, you don't think the CME Group wants you to sell your gold back into circulation because the CME Group can't cover the 1000 to 1 paper gold claims outstanding, do ya? Naaaa, I'm sure the bankers will tell us the truth. Pay no attention to the fact that trillions of overseas dollars are coming back. Bitcoins are good as gold!
    Last edited by devil21; 11-02-2017 at 07:35 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

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  4. #3

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    Quote Originally Posted by devil21 View Post
    could quickly become little more than vaporware if/when Congress passes a single bill declaring it illegal.
    Do you realize that bitcoin is in use globally?

    I don't disagree with you about diversifying into gold/silver/bitcoin tho
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  5. #4

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    Quote Originally Posted by dannno View Post
    Do you realize that bitcoin is in use globally?

    I don't disagree with you about diversifying into gold/silver/bitcoin tho
    I edited to remove that rant portion since twas a bit off topic. Mordan's post advocating selling phys to buy bitcoin in the other thread pissed me off.

    However, I live in this country governed by this government so whether some other countries use it at the moment is irrelevant unless relocating solely to use bitcoin. You do realize by now that all central banks are Rothschild banks and those banks control the national legislatures, yes? The bankers have the entire thing locked down.
    Last edited by devil21; 11-02-2017 at 07:44 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  6. #5

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    Quote Originally Posted by devil21 View Post
    Mordan's post advocating selling phys to buy bitcoin in the other thread pissed me off.
    What is wrong with jumping from one to another and back again? When BTC gets to a price I want, I'll buy more metals.

  7. #6

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    Quote Originally Posted by muh_roads View Post
    What is wrong with jumping from one to another and back again? When BTC gets to a price I want, I'll buy more metals.
    A bird in hand is better than two in the bush. Also, it's treating physical metals as just another Wall St casino game.
    Last edited by devil21; 11-06-2017 at 09:24 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  8. #7

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    I want a solid bitcoin ring to wear.

  9. #8

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    Quote Originally Posted by devil21 View Post
    A bird in hand is better than two in the bush. Also, it's treating physical metals as just another Wall St casino game.
    It's also called "trading". Some people are good at it. If it's not for you then it's not for you.

    "Diversify your bonds, nigga." Or YOLO in any direction you wish. It's called the free market.

  10. #9

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    Quote Originally Posted by Dr.3D View Post
    I want a solid bitcoin ring to wear.
    Sure, stamp the public and private key on any type of ring and you'd have wearable bitcoin.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  11. #10

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    Quote Originally Posted by devil21 View Post
    I edited to remove that rant portion since twas a bit off topic. Mordan's post advocating selling phys to buy bitcoin in the other thread pissed me off.
    man.. you are out of your depth. Who wants gold? Indian women and Gold bugs. I am a libertarian and I don't want gold anymore. It is not practical. You get scammed. Tungsten. It is not precise. You cannot use it online. It is so 20th century.

    Ron Paul wanted competing currencies. Now that you have it, you complain that the best money drives out the less good money.

  12. #11

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    Quote Originally Posted by Mordan View Post
    man.. you are out of your depth. Who wants gold? Indian women and Gold bugs. I am a libertarian and I don't want gold anymore. It is not practical. You get scammed. Tungsten. It is not precise. You cannot use it online. It is so 20th century.

    Ron Paul wanted competing currencies. Now that you have it, you complain that the best money drives out the less good money.
    What gets me is the market cap comparisons. It's a real eye opener...

    Bitcoin market cap = $120 Billion
    Gold market cap = $7 Trillion

    Which would you buy? Bitcoin has so much more room for up.

    Gold already made its run. It's boring, not exciting, and manipulated to high hell with naked paper shorting.
    Metal dealers on commission are constantly saying stupid $#@! like "$5K Silver!" and "$50K Gold!" Aren't people bored with being lied to yet?

  13. #12

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    Quote Originally Posted by muh_roads View Post
    What gets me is the market cap comparisons. It's a real eye opener...

    Bitcoin market cap = $120 Billion
    Gold market cap = $7 Trillion

    Which would you buy? Bitcoin has so much more room for up.

    Gold already made its run. It's boring, not exciting, and manipulated to high hell with naked paper shorting.
    Metal dealers on commission are constantly saying stupid $#@! like "$5K Silver!" and "$50K Gold!" Aren't people bored with being lied to yet?
    The problem with gold is simple. All my younger cousins today couldn't care less about buying gold!! they are buying crypto! They love it. All those alt coins, all those easy peasy 1000% by speculating on icos and new coins, while keeping a healthy % of Bitcoin as safe heaven.

    It so BLOODY easy with a damn smartphone. You can't do that with REAL gold. Gold is taxed, stolen, confiscated. I have some phys gold as a relic but it's just worthless to me. Just some sentimental value. Sold nearly all of it. I made so much %%%% on Bitcoin and it is going to continue in the coming years.

    Old guys who don't jump on the tech will be left behind forever. My grand parents are going to die. My parents are has beens. they don't want to make the effort. IMO crypto currencies/tokens are the futures. Gold is indeed a dinosaur.

    PS: i will die too one day but crypto will be ubiquitous
    Last edited by Mordan; 11-07-2017 at 12:29 PM.

  14. #13

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    Quote Originally Posted by Mordan View Post
    man.. you are out of your depth. Who wants gold? Indian women and Gold bugs. I am a libertarian and I don't want gold anymore. It is not practical. You get scammed. Tungsten. It is not precise. You cannot use it online. It is so 20th century.

    Ron Paul wanted competing currencies. Now that you have it, you complain that the best money drives out the less good money.
    Sorry, I like things that actually exist. Enjoy laboring for free in the blockchain utopia.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  15. #14

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    Quote Originally Posted by devil21 View Post
    Sorry, I like things that actually exist. Enjoy laboring for free in the blockchain utopia.
    Lol, something tells me he is going to own a lot more things that actually exist in a few years than you will, except on the off-chance bitcoin fails, but ok..

    I mean, either bitcoin is going to flourish or it is going to die, or it flails.

    If the bankers do make the decision to make it the currency of the world, a significant amount of wealth could be accumulated by libertarians by riding the wave..

    But I don't think bitcoin, specifically, is what the bankers want, I think they are taking it as it comes and trying to deal with it. It is a weapon against them, that they want to take over because they know they probably can't fight it.
    Last edited by dannno; 11-07-2017 at 01:18 PM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  16. #15

  17. #16

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    Quote Originally Posted by dannno View Post
    Lol, something tells me he is going to own a lot more things that actually exist in a few years than you will, except on the off-chance bitcoin fails, but ok..
    Like I said in the other thread, the dreams of fabulous wealth abound and are the reason for the cult-like defenses of the bitcoin. I'm sure the bankers will allow Mordan to cash out $1 million into an account for a single bitcoin so he can buy a mansion and a yacht. For his sake I hope that's the case but is highly unlikely. Btw, you may be right because the early adopters of a ponzi always end up being the ones that steal the currency of the later adopters, assuming they get out before the ponzi is shut down or collapses. The pumping of bitcoin going on screams ponzi. Mordan may well have a lot more dollars than me in a few years. He would be no better than the bankers though since a ponzi is a ponzi. He'd find that he'd have become what he hated. He wouldn't be wealthy because he owned a lot of bitcoins. He'd be wealthy because he stole a lot of dollars from others.

    I don't dispute that blockchain is the next wave of imaginary currency and the framework of the future complete economic mind control of the slave class. That much has been confirmed by globalist meeting whitepapers already. What I dispute is the notion that Bitcoin will be the avenue that it takes and that average people like Mordan will find himself fabulously wealthy. CNBC pumps Bitcoin ffs! CNBC pumps nothing but bubbles, ponzis and Big Brother all day long.

    Besides, once the bankers wheel all of their gold and silver out into the street for anyone to take, I'll consider gold and silver then to be passe'. I won't bother to share what I think actually will happen since y'all clearly have it all figured out and I'm merely an economic dullard.

    But I don't think bitcoin, specifically, is what the bankers want, I think they are taking it as it comes and trying to deal with it. It is a weapon against them, that they want to take over because they know they probably can't fight it
    No, it's not what they want and as long as they still run the show, it won't be. It is, however, a great avenue to get the slaves on board with blockchain control, through the dream of fabulous wealth, which is what keeps the slave class laboring their days away. But you've read all of their whitepapers and books on it so I'm not telling you anything you don't already know, right?

    Quote Originally Posted by FSP-Rebel View Post
    Goldbugs are amusing.
    How easily the bankers shake the weak hands out of their true wealth in favor of the latest fad.
    Last edited by devil21; 11-07-2017 at 10:24 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  18. #17

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    Ooooh I get it now. The bankers just took over bitcoin with their new bitcoin futures market.

    Banker plan: print dollars, buy up as many bitcoins as possible (explains parabolic move and jawboning from Dimon, et al), issue futures contracts in dollars, manipulate bitcoin market up and down with bitcoins bought with printed money, fleece dollars from the heavy side at contract expiration.

    They wouldn't do this if bitcoin is only going UP UP AND AWAY. There would only be bets to the UP side. Bitcoin is going to start being officially manipulated by the bankers as soon as the contracts start trading.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

  19. #18

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    Quote Originally Posted by devil21 View Post
    It is, however, a great avenue to get the slaves on board with blockchain control
    I think you're confusing the globalist agenda with the specific technology(ies) the globalists plan to use to implement that agenda. The Internet itself is the single most powerful "mind-control" mechanism ever invented. But it wasn't invented for mind-control anymore than the TV or radio were. Rather, it is being turned to that use, and it is far more effective than any previous technology for that purpose. The banksters want a single, global "virtual" money. Of course, this virtual money will be transmitted electronically but what really matters is that they control the ledger, so that they can reassign assets from the outcasts to their favorites, at their whim. Bitcoin itself will never be useful for this purpose because no one can reassign assets on the Bitcoin ledger unless they either (a) break cryptography (the same cryptography used by banks, governments and militaries) or (b) overpower the network's "mining hash rate", which is possible but extremely expensive (by extremely, I mean the price-tag is in the tens of billions).

  20. #19

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    Quote Originally Posted by devil21 View Post
    A bird in hand is better than two in the bush. Also, it's treating physical metals as just another Wall St casino game.
    IF you can fit two hands in the bush, better to find another bird.

  21. #20

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    Quote Originally Posted by devil21 View Post
    Btw, you may be right because the early adopters of a ponzi always end up being the ones that steal the currency of the later adopters, assuming they get out before the ponzi is shut down or collapses. The pumping of bitcoin going on screams ponzi. Mordan may well have a lot more dollars than me in a few years. He would be no better than the bankers though since a ponzi is a ponzi. He'd find that he'd have become what he hated. He wouldn't be wealthy because he owned a lot of bitcoins. He'd be wealthy because he stole a lot of dollars from others.
    Man you don't see it. do you? I will spend most of my Bitcoins when Bitcoin is accepted universally. There is no ponzi bro. So sad to see Libertarians blinded by purism.

    Tell me. Just answer me this: in a few years I buy a house in Bitcoin. I sign a contract with the owner for say 10 BTC. The contract specifies the bitcoin destination adress. I do the transaction. I stamp the transaction ID on the contract and an obsolete notary gets shafted. The state can just record our contract.
    The seller of the house keeps his 10 BTC and use it to buy a boat with BTC. Same process. Fiat is gone.

    WHERE THE BLOODY HELL DO YOU SEE PONZI SCHEME IN THAT?

  22. #21

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    There are better examples ponzi schemes. Fiat is the ponzi, the stock market is the ponzi, banks are a ponzi.

  23. #22

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    Quote Originally Posted by kpitcher View Post
    Sure, stamp the public and private key on any type of ring and you'd have wearable bitcoin.
    So if I stamp two rings with the same keys, I'll have twice as much?






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