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Thread: Bitcoin Is Now Worth More Than Wal-Mart (The Entire Company)

  1. #1

    Bitcoin Is Now Worth More Than Wal-Mart (The Entire Company)

    http://theeconomiccollapseblog.com/a...entire-company

    Would you rather own 100% of Wal-Mart or every Bitcoin in existence? At one point such a question would have been completely absurd, but now things have changed. As I write this article, Wal-Mart has a market cap of 287.68 billion dollars. Wal-Mart is the king of the retail industry in America, and nobody else is even close. Bitcoin, on the other hand, is an entirely digital creation that did not even exist until 2009. No government or central bank in the entire world recognizes it as a legitimate currency, and there are very, very few retail establishments that are willing to accept Bitcoin as a form of payment. And yet at this moment, Bitcoin has a market cap of 310 billion dollars.

    When the year began, Bitcoin had just crossed the $1,000 threshold, and now it is selling for more than $18,000. Of course other cryptocurrencies have been rising at an even faster pace. We have never seen anything quite like this before, and some are warning that this is a giant bubble that is about to burst…

    Axel Weber, the board chairman of big bank UBS, has warned of a possible Bitcoin currency crash. With increasing numbers of small investors jumping on the cryptocurrency bandwagon, it is time for regulators to intervene, he says.

    Bitcoin has surged from $1,000 (CHF990) at the start of the year to above $16,000.

    The risks are due to a design fault, which leads to huge currency swings in both directions, Weber said in an interview with the NZZ am Sonntagexternal link. “We as a bank have very consciously warned against this product, because we do not consider it valid and sustainable,” said Weber.


    Of course similar things could be said about the stock market. The Dow Jones Industrial Average is up more than 34 percent in 2017 even though underlying economic activity does not support such ridiculous valuations.

    Ultimately, the reason why Bitcoin is so valuable today is because people believe in it.

    Those that believed in Bitcoin from the very beginning were relentless in promoting it, and that tight-knit community provided the foundation for what we are witnessing today. The following comes from Wolf Richter…

    Libertarians flocked to its banner, because of the potential that Bitcoin offered, as a decentralized form of money. Bitcoin was for the community, maintained by the community and was the community.

    Community was a key word. It was a word that was paramount to the success of Bitcoin. Without it, we wouldn’t see the staggering numbers we see today. This push ever onward by the community is why Bitcoin was able to get its footing and build the foundation it vitally needed to survive and prosper.


    ...
    One word. Hint. It rhymes with Pubble and starts with the letter "B"... Okay, thats two hints. Apparently I cant count. Please dont blame me too much, I went to public school...
    1776 > 1984

    The FAILURE of the United States Government to operate and maintian an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    You are Ron Paul's Media!

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



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  3. #2
    Time will tell. I believe BTC price will go up and down but ultimately the tech will replace off-shore banking entirely. I think the crypto-tech will change the future of money and banking.
    There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
    -Major General Smedley Butler, USMC,
    Two-Time Congressional Medal of Honor Winner
    Author of, War is a Racket!

    It is not that I am mad, it is only that my head is different from yours.
    - Diogenes of Sinope

  4. #3
    Quote Originally Posted by DamianTV View Post
    http://theeconomiccollapseblog.com/a...entire-company



    One word. Hint. It rhymes with Pubble and starts with the letter "B"... Okay, thats two hints. Apparently I cant count. Please dont blame me too much, I went to public school...
    Byzantine rubble?

    Okay, that's two words.

    Apparently i cant count
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  5. #4

  6. #5
    Quote Originally Posted by timosman View Post
    Bitcoin may now be the biggest financial bubble of all time - https://www.cnbc.com/2017/12/14/bitc...-all-time.html
    That has always been the deep state narrative, bitcoin is in a 'bubble'
    "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."

  7. #6
    From a purely functional view the barrier to entry for a new bitcoin user is far smaller than a new walmart shopper. Bitcoin can be used by anyone connected to the Internet, or about 3.2 billion people. With another few billion to be added in the near future.
    “…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

  8. #7
    Quote Originally Posted by dannno View Post
    That has always been the deep state narrative, bitcoin is in a 'bubble'
    It's a 4-dimensional bubble that exists across time & space
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  9. #8
    Folks, we're witnessing an S curve adoption growth pattern that's the first fintech one in our lifetimes and global finances is what is fueling it. It's very simple to play this all off as being a bubble but the fundamentals of global fiat currencies and their purveyors is being measured by the massive amounts of capital flowing into cryptocurrencies as a new safe haven asset class. Bitcoin was a bubble to many at $1, was an even bigger bubble to others at $100, then $1000, now ~$19k yet still the legacy money is flowing in stronger than ever. What you are witnessing as we wrap up 2017 will pale in comparison to what 2018 and beyond has in store for the crypto scene.



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  11. #9
    Quote Originally Posted by FSP-Rebel View Post
    Bitcoin was a bubble to many at $1, was an even bigger bubble to others at $100, then $1000, now ~$19k yet still the legacy money is flowing in stronger than ever.

    What is with the bitcoin obsession? (cirqa 2011)

    http://www.ronpaulforums.com/showthr...coin-obsession
    "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."

  12. #10
    Quote Originally Posted by FSP-Rebel View Post
    Folks, we're witnessing an S curve adoption growth pattern that's the first fintech one in our lifetimes and global finances is what is fueling it. It's very simple to play this all off as being a bubble but the fundamentals of global fiat currencies and their purveyors is being measured by the massive amounts of capital flowing into cryptocurrencies as a new safe haven asset class. Bitcoin was a bubble to many at $1, was an even bigger bubble to others at $100, then $1000, now ~$19k yet still the legacy money is flowing in stronger than ever. What you are witnessing as we wrap up 2017 will pale in comparison to what 2018 and beyond has in store for the crypto scene.
    Wait, crypto or bitcoin? They are not one-and-the-same. Your pic shows a bitcoin buying a Lambo in 2020. No one informed doubts cryptocurrency/blockchain is the banker's choice of the next fiat monetary substitute. They make that clear during the globalist conferences all the time.
    Last edited by devil21; 12-19-2017 at 02:17 AM.
    "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 NC Fishing Boat Rentals

  13. #11
    what a scam. Say I have 7 marbles. I sell each of them like this.
    m1 = 1 dollar
    m2 = 10 dollar
    m3 = 100 dollar
    m4 = 1000 dollar
    m5 = 10000 dollar
    m6 = 100000 dollar
    m7 = 1000000 dollar

    OMG marbles are worth 7,000,000 dollars.

    are people that stupid?

  14. #12
    The Swedish co-founder of Bitcoin.com has sold all his bitcoins

    Bitcoin is “as good as useless” and has no future as a tradeable currency says Emil Oldenburg, the co-founder and CTO of bitcoin.com, one of the world’s largest bitcoin websites.

    Oldenburg has sold his bitcoins and believes others will do the same when they realize how illiquid the market is.

    He says bitcoin's drawbacks are high fees and transaction lead times - a heated topic of discussion in the community today - and resistance to change from people running the old bitcoin network.

    Oldenburg believes there's a brighter future for Bitcoin Cash, a spinoff currency of bitcoin that is now being actively promoted by bitcoin.com.
    The only easy day was yesterday.

  15. #13
    Wait, isn't that the bitcoin cash guy?
    "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. #14
    Promotional PR for bitcoin cash
    “…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

  17. #15
    Quote Originally Posted by newbitech View Post
    what a scam. Say I have 7 marbles. I sell each of them like this.
    m1 = 1 dollar
    m2 = 10 dollar
    m3 = 100 dollar
    m4 = 1000 dollar
    m5 = 10000 dollar
    m6 = 100000 dollar
    m7 = 1000000 dollar

    OMG marbles are worth 7,000,000 dollars.

    are people that stupid?
    The only easy day was yesterday.

  18. #16
    The Dow Jones Industrial Average is up more than 34 percent in 2017 even though underlying economic activity does not support such ridiculous valuations.
    DOW is actually up 24%- not 35%- but still a good increase.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.



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  20. #17
    Quote Originally Posted by jllundqu View Post
    Time will tell. I believe BTC price will go up and down but ultimately the tech will replace off-shore banking entirely. I think the crypto-tech will change the future of money and banking.
    Could be, but which crypto? I don't buy that Bitcoin (or Litecoin or anything specific) is the greatest most valuable currency that will ever be created.
    Quote Originally Posted by dannno View Post
    It's a balance between appeasing his supporters, appeasing the deep state and reaching his own goals.
    ~Resident Badgiraffe




  21. #18
    Quote Originally Posted by William Tell View Post
    Could be, but which crypto? I don't buy that Bitcoin (or Litecoin or anything specific) is the greatest most valuable currency that will ever be created.
    You do realize bitcoin is an ongoing project that has a lot of people collaborating and improving on a system in which they are all extremely vested in, right?

    I think there will be several successful cryptos in the longrun that each have their own unique abilities, but ultimately I don't see why BTC won't end up being the "gold standard" of crypto.. it doesn't have to be, but it seems most probable.
    "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."

  22. #19
    Quote Originally Posted by Voluntarist View Post
    "I'd settle for a doge coin"

    /thread



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