Bitcoin is crashing today, along with all cryptocurrencies. I’m not “happy” because I like bitcoin. It’s crashing today because of Asian legal worries. Eventually, all cryptocurrencies will be outlawed entirely. All of them, except government cryptocurrencies. Those will be inflated continuously and purchases using them will be tracked entirely.
Gold cannot be outlawed because it has too much support as a thing that exists in reality over time. Cryptocurrencies can be outlawed entirely because they are new, and have little support outside of core grassroots cryptoenthusiasts. If you’re playing for collapse, which I am, the play is gold, not bitcoin. All cryptocurrencies will eventually go to zero as global government bankruptcy gets closer. Only hard assets with an intrinsic market value based on use value will be worth anything. Cryptos will be firewalled and pushed into black markets at best. Those who trade them will be termed monetary terrorists and the biggest of them will be those who use cryptocurrencies for contract killing, taken to court in public trials and portrayed as if everyone who owns any amount of bitcoin makes their living killing people.
Obviously, the vast majority if digitial currency owners are innocent people who do nothing wrong whatsoever. But they will not be portrayed that way. Be very careful.
The Jewish Libertarian 
You are missing some pieces of the puzzle…
“Bitcoin is crashing today”
Bitcoin “crashes” so much, it can’t honestly be called “crashing”. This is normal vol for BTC.
“, along with all cryptocurrencies.”
Again, normal. The shitcoins are the only ones that truly crash because they are horrible currencies, businesses, or outright scams (see Bitconnect, the poster child for shitcoins).
“I’m not “happy” because I like bitcoin. It’s crashing today because of Asian legal worries. Eventually, all cryptocurrencies will be outlawed entirely. All of them, except government cryptocurrencies. Those will be inflated continuously and purchases using them will be tracked entirely.”
I pointed out the flaw in your assertion before. Japan has made BTC legal tender. That is the exact opposite of outlaw.
The first country to adopt cryptocurrencies as legal tender will have such a huge advantage other countries will be forced to follow suit. It’s logical for Japan to do this first as they have the largest gov debt problem.
“Gold cannot be outlawed because it has too much support as a thing that exists in reality over time. ”
Roosevelt and some other guy with a hilarious tiny mustache prove that statement false.
“Cryptocurrencies can be outlawed entirely because they are new, and have little support outside of core grassroots cryptoenthusiasts. ”
That’s patently false. Unless that sentence was written in 2005…
“If you’re playing for collapse, which I am, the play is gold, not bitcoin.”
That’s a foolish “collapse” play. If you’re playing for collapse, you should be buying physical food, fuel, booze and ammo. The last three do just fine for money in a collapse.
” All cryptocurrencies will eventually go to zero as global government bankruptcy gets closer. Only hard assets with an intrinsic market value based on use value will be worth anything. Cryptos will be firewalled and pushed into black markets at best. Those who trade them will be termed monetary terrorists and the biggest of them will be those who use cryptocurrencies for contract killing, taken to court in public trials and portrayed as if everyone who owns any amount of bitcoin makes their living killing people.”
If gov’t goes bankrupt, how are they going to pay for all those thugs to enforce your nightmare scenario?
“Obviously, the vast majority if digitial currency owners are innocent people who do nothing wrong whatsoever. But they will not be portrayed that way. Be very careful.”
Indeed.
I look forward to your thoughts on my thoughts on your thoughts.
Cryptocurrencies are 9 years old, versus gold which has been around for thousands of years. Authorities differ as to how many thousands, but all agree it is much older than digital currencies or governments of any kind. If you think 9 years old is old, you’re in la la land. If cryptos are around for 15 years I’ll be surprised. They’ll be outlawed as long as government are solvent, meaning if they can still spend any kind of money. Ahead of North Korea or any other kind of foreign “threat” they will be outlawed as top priority when governments can no longer pay their bills any other way. In other words, when the US federal government needs a boost in dollar value for any reason, Cryptos will be the first target to be outlawed to boost the dollar, especially in the event of hyperinflation. Anyone who trades them will be branded a terrorist just like Von Nothaus and possibly arrested on terrorism charges depending on volume. It will get that insane. I don’t want anyone arrested for trading cryptos, since I do own a very small amount.
If you’re talking about “Sh!t” currencies, BTC takes the cake at an average $26 a transfer. That’s pretty “sh!tty” for transfering capital.
Trying to establish a historical pattern based on 2 years of market awareness is foolish. BTC will fall to zero when the Federal government decides it’s terrorism, and Trump is really big on deciding that stuff is terrorism or “Unamerican”.
Thugs to enforce my nightmare scenario? I don’t know what you mean on a pshat level. Please explain.
How much cryptocurrencies do you own in dollar terms?
“Cryptocurrencies are 9 years old, versus gold which has been around for thousands of years. ”
…And isn’t being used as money today. Nor can you pay your taxes in gold. Nor is there a free market in gold. This is probably why you also didn’t include silver (as well as tally sticks, tobacco leave bundles, giant stone wheels, etc.) but couldn’t admit the same problem exists with gold.
“Authorities differ as to how many thousands, but all agree it is much older than digital currencies or governments of any kind.”
What does that have to do with growing adoption? Money is whatever people decide it is. Oh, and you also used the “Appeal to Authority” fallacy. Literally.
“If you think 9 years old is old, you’re in la la land. If cryptos are around for 15 years I’ll be surprised. ”
If you tend to fall over after being surprised, I’d recommend you get a wheelchair in 6.5 years and stay in it.
“They’ll be outlawed as long as government are solvent, meaning if they can still spend any kind of money.”
They are not solvent, and you’re not allowed to change the definitions of words. That’s dishonest.
Governments only exist if they are suffered by enough people.
If they could have outlawed cryptocurrencies, they would have. They couldn’t even outlaw Bittorrent, FFS! China can’t even outlaw BTC! To do so would require *all* governments to do so. Which they won’t, even if they could, because the first government to adopt cryptocurrencies will have a huge advantage.
“Ahead of North Korea or any other kind of foreign “threat” they will be outlawed as top priority when governments can no longer pay their bills any other way. In other words, when the US federal government needs a boost in dollar value for any reason, Cryptos will be the first target to be outlawed to boost the dollar, especially in the event of hyperinflation. Anyone who trades them will be branded a terrorist just like Von Nothaus and possibly arrested on terrorism charges depending on volume. It will get that insane. I don’t want anyone arrested for trading cryptos, since I do own a very small amount.”
You assume a stupendous amount there. I’m guessing you own too much gold and not enough other assets.
“If you’re talking about “Sh!t” currencies, BTC takes the cake at an average $26 a transfer. That’s pretty “sh!tty” for transfering capital.”
If you’re paying $26 dollars for a BTC transfer you paid the sucker price, congrats. There are ways to transfer BTC way cheaper, even despite network congestion. And if you’re transferring $100k, $26 is a pittance. And anyway, all the cool kids use better cryptos like DASH, LTC, BCH, Monero, etc.
“Trying to establish a historical pattern based on 2 years of market awareness is foolish. BTC will fall to zero when the Federal government decides it’s terrorism, and Trump is really big on deciding that stuff is terrorism or “Unamerican”.”
How Amerocentric of you.
“Thugs to enforce my nightmare scenario? I don’t know what you mean on a pshat level. Please explain.”
Government outlaws the bad thingz, because muh therroizm, we needz yur monies, yadda yadda.
“How much cryptocurrencies do you own in dollar terms?”
Please provide a detailed accounting of all your precious metals and fiat currencies (both held in accounts and physically) along with proof of ownership and I’ll be happy to oblige.
…What? That’s none of my fucking business, you say?
Well then, same to you!