Q. Is Bitcoin a Ponzi Scheme?
Q. Is Bitcoin being used as a Ponzi Scheme?
Q. Are the core Bitcoin guys just simply interested in arbitrage?
A. No. They are true free-market monetary libertarians.
Q. Are the majority of Bitcoin guys simply interested in arbitrage?
A. Yes. They would sell their mother for a quick turn around.
Q. Is Bitcoin vulnerable?
A. Yes. Bitcoin is vulnerable to any one, or combination, of the following:
– Government or “Government” intervention
– Cheap competition; multiple undercutting new digital currencies
– Virus/Hacking/Theft: code, miners, wallets, exchanges, trade markets, vendors
– Market manipulation, especially ‘bubble-crash-rinse-&-repeat’
Q. Does Bitcoin threaten sovereign currencies?
A. Yes, but sovereign currencies are toast anyway.
Q. If this threatens sovereign currencies, why isn’t it already shut down?
A. It is being used as a mechanism of conditioning (one of many) towards ‘global digital credits’ (one world currency, sans paper). When the timing is decided, Bitcoin will be technically attacked, legally outlawed and market flooded (the “government” already has its position to force the panic). Very few people will even have a chance to get out. Furthermore, as part of the tried-and-true Hegelian Dialectic, the crash will be media spotlighted as a ‘failure of the amateurs’ and thus the need for the “experts” to handle digital currency.
Q. Is there still profitability with Bitcoin?
A. Yes. Bubble-crash-rinse-&-repeat will continue to facilitate arbitrage. Moreover, more vendors will come into the “economy”, stimulating further growth.
Q. How can I foresee the big take-down?
A. In general, watch silver. Silver is the principle macro-barometer of global currency machinations. As long as silver is being paper hammered, Bitcoin lives (when silver stops being paper hammered, physical silver soars). In specific, watch the media, the moment Bitcoin becomes a ‘darling’, get out.
In short, Bitcoin exists soley at the whim and discretion of the Rothschilds.