BITCOIN ? IS IT A BIG SCAM ??
With bitcoins reaching record highs it's time to take a hard look at what they really are. My biggest problem with bitcoins (and was my problem when I first heard about it when it was a penny) is that there's no way of knowing, and no one has ANY CLUE who created it, or what they put into it, or what the motivation was.
I'm now more convinced than ever that bitcoin was created by TPTB (The powers that be) to get all of the liberty loving, anti-government, Ron Paulers, AKA gold and silver stackers, to move their capital out of physical and into something that totally appealed to their anti-state/central bank/stock market/real estate sentiments.
Now "they've" even got the congress encouraging it. Then they might try to shut down the silk road to fuel the "rebellious" nature of it. It's all BS. Also, notice the tighter the physical supply of gold and silver gets the lower their price goes and THE HIGHER THE PRICE OF BITCOIN GOES. Look at the peaks in bitcoin and match them with the comex inventories and the prices of silver and gold.
This is all a con to get all of the liberty loving masses away from the one thing that can actually cripple the power structure, Gold and Silver. Bitcoin is a scam being peddled by the elite to pull the people away from real money, and it's possibly their way to introduce their one-world digital currency to the people.
A huge majority of bitcoins are controlled by a select few, and who they are no one really has ANY clue! TPTB are either using this system to enrich themselves, and ensnare would be revolutionaries to subdue them into accepting a one-world currency, OR to get them all lined up in the exact same spot for the inevitable digital slaughter that will come, weakening their ability even further to fight back.
Either way I would advise people to continue putting their wealth into silver and gold. Even if I wanted a bitcoin at this point, I'd never buy one at these absurd levels when I just saw it at $100 a few weeks ago and $15 six months ago.
So my question to the people who own MILLIONS in bitcoins because they got in at the very beginning, what are they going to do? Did the world just witness the coming of multiple millionaires at once? OF COURSE NOT! How do I know this? For the reason I just laid out, if they can't get goods for their coins how are they getting rich? How is it worth these values if you can't exchange it out for goods worth the same?
The higher it goes the more vendors will not want to accept it because of it's ridiculous value based on nothing other than an unknown algo following unknown rules created by an unknown creator. I've already read the only online site selling metals for bitcoins is about to default. HOW ARE PEOPLE GOING TO GET THEIR MONEY FOR BITCOINS?
This is all totally speculative and in my opinion obviously being used to do anything at ALL to stop people from getting away from digitally contrived and manipulated systems.
To those that left silver and gold to do this, you are the ones who truly got duped. You are either setting yourself up to be a slave in the next paradigm or to be absolutely slaughtered when the few who control these coins decide it's time to stop pumping and start dumping.