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Bitcoin Killing the Dollar

424 views · Published 19 August 2017 · 13:31 · Indexed 20 September 2026

Channel: Money Charts · 2017 · Education

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Bitcoin is killing the dollar in my opinion and not that of silver.  Not stated in this video that I wanted to was that there are many people waking up to the fake dollar system and learning about gold and silver as their crypto bankrolls grow to enormous measures that the act of turning some cryptos into the commodity becomes an easy task to do. 

I think that cryptos will not collapse until after the dollars and local countries fiat currencies suffer a viscous fatal cycle.  Because of the manipulation in metals the ratio of gold/silver to bitcoin keeps getting out of hand and most likely when manipulation of the precious metals (may take some time) comes to an end they can and will trade like these ethers and others cryptos have been doing with very very quick 3x moves and 33-100x moves in a handful or two months.  When those extreme moves happen to silver which I do think will come into place then don't be surprised to see the ratio of Bitcoin to Silver fall very hard from what maybe topped at over 1000 to one of if the manipulation of silver remains in place for a decent amount of time moving forward.  If Silver did have a 33-100x gain move because the shit has hit the fan than it maybe safe to expect bitcoin to gain as well but no where near as much of a percentage gain that will support the metals on the ratio.  Then when silver becomes big in public awareness with its true qualities than the risk in cryptos could be very serious.  That is why as an investor I only take small portions of BTC every so often with a plan to get larger amounts when the ratio gets out of hand to the point where I can not lose on my investment because making 30x gains makes it easy to profit take portions out.

(Topic below was not planned on being discussed)
The measure of bitcoin having extreme gains of 4x this year to me does not signify the dollar has lost 4x this year but the gains throughout and the future gains in place represent the death of the fiat Ponzi scheme.  Historians I think will look back at bitcoin being the measure maybe as similar to the tulip mania.
 
Derek.


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