The media is pushing bitcoin to devaule the dollar and America !

Discussion in 'Political Opinions & Beliefs' started by Channe, Jan 7, 2018.

  1. Channe

    Channe Well-Known Member Past Donor

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    Bitcoin is all over the news, it's being pushed as the future of currency and there is really nothing it offers. It's just an online conversion which is trying to become it's own currency.

    I've been asking why - why is the media pushing something that is only valued based on say-so. The media is progressive owned and the goal, ever since their hero Trotsky laid down the agenda (bless that pick axe) of destroying Western civilization, is to destroy the image of the dollar.

    Bitcoin is also without culture and exists in a 'borderless' state - this is also a major goal of the progressive left.

    We need to be very careful in buying into this bitcoin hype. It is a based on an anti-American agenda.
     
    Last edited: Jan 7, 2018
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  2. Josephwalker

    Josephwalker Banned

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    The way I understand Bitcoin and all crypto currency is that it may replace credit cards for daily purchases. Cash is seldom used anymore and people rarely write checks because it's so much easier to swipe the card. Problem is stores are charged for every credit card transaction and that cost is passed on to the consumer. Crypto currency would have no additional charge tacked on and prices would come down accordingly not to mention you'd avoid all those monthly credit card bills. Keep in mind though that Im invested in crypto currency and may be a bit biased here. I've made a lot of money off this so far and I hope it continues.
     
  3. Channe

    Channe Well-Known Member Past Donor

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    If it become the currency of future based on use and demand, that's one thing. My beef is the media is pushing this as the next currency of the world and I don't trust their agenda. It needs to earn it the way the dollar did, not through progressive manipulation and propaganda.
     
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  4. Josephwalker

    Josephwalker Banned

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    I'm not really seeing media push it but I don't watch much or read much liberal media so I may have missed it.
     
  5. doombug

    doombug Well-Known Member

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    Very insightful post. It very well could be that the post modern neo marxists would like to destory the US dollar. They hate everything about America.
     
  6. Maximatic

    Maximatic Well-Known Member

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    Oh, there's something it offers alright; finitude, privacy, security.

    What exactly does the dollar offer? (other than perineal inflation and wars to prop up its value)
     
  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    I have not seen the media push it, but if you want to make an anonymous purchase, it's a good option imo
     
  8. navigator2

    navigator2 Banned

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    I still don't understand bitcoin and what props it up. Dutch tulips?
     
  9. Mac-7

    Mac-7 Banned

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    High expectations

    Many people are hoping to buy low and sell high
     
  10. TheGreatSatan

    TheGreatSatan Banned

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    I hope all of America's enemies here and abroad buy lots of Bitcoins
     
  11. Ronstar

    Ronstar Well-Known Member Past Donor

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    The US dollar is based on literally nothing but a hand shake to decide value.
     
  12. navigator2

    navigator2 Banned

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    I'm thinking at some point when the music stops many are going to be left without seats.
     
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  13. Brewskier

    Brewskier Well-Known Member

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    You have to remember who owns the banks in this country. There is no way they would support a competing form of currency that takes power away from the banks based on this alone. There has to be another strategy in the works to hurt the Skyrim. Maybe they expect a huge crash in value soon and are trying to get as many people as possible to latch onto it so that they will be harmed enough to never stray from their monopoly banks again. That’s just one theory. Another is that they are planning to take over digital currencies in the future .
     
    Last edited: Jan 7, 2018
  14. Mac-7

    Mac-7 Banned

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    Me too.

    And well said
     
    Last edited: Jan 7, 2018
  15. HonestJoe

    HonestJoe Well-Known Member Past Donor

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    I'm not sure what media you're reading, most of the coverage I've seem (albeit mostly UK-based) has expressed healthy scepticism over the prospect of crypto-currencies ever being viable as actual currency. They tend to focus on rapid shifts in their prices, which is a factor against he idea in itself. The media is generally just about selling copy and the idea of making lots of money by doing nothing (however unrealistic) is always going to sell.

    I think that is a function of blinkered nationalism - not everything is about America. It's certainly true that some of the people involved in this movement would like to see the ability of national governments to control currency reduced or eliminated but they're not focused on any specific nation or national currency.
     
  16. Nightmare515

    Nightmare515 Ragin' Cajun Staff Member Past Donor

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    It might become the next currency of the world or it may not. May crash and burn or settle somewhere in the middle with many folks accepting it as a form of currency if more businesses allow it's use.

    Cryptocurrency in general has some pretty large and obvious advantages coupled with pretty large problems as well. It's basically just cash that you can trade for stuff without being there in person. The anonymous aspect of it is what folks like and it's seen as a way to circumvent banks who charge you fees to use your own money.

    I don't see it as a purposeful attempt to devalue the USD but rather loads of folks jumping on the hype train from the biggest investment return average in recorded history. The stories of those people who spent 100 bucks a few years ago who are now millionaires is spurring the surge in cryptocurrency. Folks are trying to find the next "Bitcoin" cryptocurrency that will surge to ridiculous heights overnight the way Bitcoin did and make them filthy rich.

    Most people investing in cryptocurrency don't even know what they are doing and don't even know what cryptocurrency itself even is. They just visit the crypto market websites and see that coin X jumped 500% in 5 days and want to buy some hoping to get a huge return. Everyone is just kicking themselves wishing they were the one who bought a few Bitcoins years ago and got rich last month and are desperately trying to find the next coin that will do that.

    People rarely think about the long term implications of things they just see the monetary value. The vast majority of people investing in cryptocurrency aren't doing it for some anti western civilization agenda to crush the US banking system, they are just doing it because as of right now cryptocurrency is like playing roulette where you are winning more often than not and the "house" doesn't have an automatic advantage over you. These coins raise and fall in price by the hour, it is nowhere near uncommon to see some random coin surge up 500% in a week or less making you instant profit. There are folks making thousands of dollars a day by just betting on "black" and winning constantly then pocketing their 500% return and starting over again on a new table. It's basically just 50-50 gambling with a lot of folks trying to claim they are experts and doing research.

    In reality no, there's like 1300 different types of cryptocurrency that you can buy with most of them rising and falling by double digits daily and often surging hundreds of percent weekly before crashing back down. People are just tossing a few bucks on many random ones and taking their 500% profits and walking away. Cryptocurrency is just the new trend of online gambling that as of right now in this ridiculous bull market is allowing damn near everybody to always beat the house big time. It's not uncommon to buy a few dollars worth of X coin tonight then wake up tomorrow morning and see it's price has jumped 100%. That sort of thing is just unheard of in normal investing and a lot of people are trying to jump on this train while it's still running full speed before it crashes.

    Long story short, folks aren't part of some secret agenda to hurt the US or world economy, they are just gambling with their money and winning big time more often than not and since everybody loves quick money more people are playing right now.
     
  17. Maximatic

    Maximatic Well-Known Member

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    Suspicion of progressive propaganda is healthy, but it would be nice some of you subject the propaganda coming from your own camp to the same level of scrutiny.

    This is so confused on so many levels. The dollar never earned anything in any sense. It is a creature of legislation written by bankers who, for the fourth time in American history, used the legal system to establish themselves as the only entity with the privilege to create money out of thin air, and to insist that all tax payments(which people are forced to pay) be made in the currency they create. This is not emergent demand at all. Any user base that bitcoin has now is the product of emergent, voluntary demand. So at least this criticism is only accurate when directed, not at bitcoin, but at the dollar.
     
  18. Nightmare515

    Nightmare515 Ragin' Cajun Staff Member Past Donor

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    Which is exactly why it will only be allowed to go so far before government's start cracking down on it. South Korea already did that and if it becomes more widespread then you can bet with 100% certainty that the US government will do the same. No government would allow the widespread use of an anonymous currency like that, especially one that competes with the USD. Being able to deal in cash is one thing, being able to deal in "cash" across the entire planet with anonymity is a whole other ball game.
     
  19. navigator2

    navigator2 Banned

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    The mob will be pissed. No more need for money laundering. :grin:
     
  20. Nightmare515

    Nightmare515 Ragin' Cajun Staff Member Past Donor

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    Yeah basically. It's the same concept it's just folks buying it and hoping that it will increase in value over time and sell it off before it loses it's value. Some people honestly believe it will become a standardized world currency in the future. Most people just notice that it went from like $1 per bitcoin to $16,000 per bitcoin in what basically amounts to "overnight" in investment terms. A lot of people got rich as hell and others want to do that too.
     
  21. Lesh

    Lesh Banned

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    Bitcoin is a stupid pyramid scheme.

    The media isn't "pushing" anything.

    It's called reporting
     
  22. 3link

    3link Well-Known Member Past Donor

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    The questions you should be asking are: What basis do I have for concluding that "the media" is pushing bitcoin? Is it really reasonable for me to jump to that conclusion from the premise that bitcoin is in the news? Is it possible that "the media" is simply reporting the news?
     
  23. freakonature

    freakonature Well-Known Member

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    crypto currencies are anti gov. progressives should not support their use. bitcoin is not the future. it is antiquated, but other coins will reduce the cost of business in the future.
     
  24. freakonature

    freakonature Well-Known Member

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    I'm heavily biased as well. I am going to buy another rental property from the tron run of a few days ago.
     
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  25. Josephwalker

    Josephwalker Banned

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    How is it a pyramid scheme?
     

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