At times it gets old arguing with folks about the power of $BTC. So I’ll just reference the greatest quote: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” – Satoshi Nakamoto, Creator of Bitcoin

At times it gets old arguing with folks about the power of $  BTC. So I'll just reference the greatest quote: "If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry." - Satoshi Nakamoto, Creator of Bitcoin submitted by /u/frankreddit5
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Bitcoin – The Currency of the Internet

“History shows that no government, after going on a fiat monetary system, ever reverses course until its paper currency is destroyed. There is no reason to believe this time will be any different.” – CMI Gold & Silver

https://www.cmi-gold-silver.com/article/gold-standard-inflation-fiat-money/ is the source of the quote.

I did some research on the value of the dollar over the course of US history (at least, as far back as I could find. What I discovered was that the value of the dollar relative to the *median* price of gold over the last 225 years has crashed significantly and not recovered twice. *Only* twice. Once was at the beginning of the great depression, and the other was the minute the gold standard was abolished.

Note: There was a scenario on a similar scale of the great depression during the Colorado Gold Rush of 1859, but this only applies to gold and I think this is due to peoples' tastes and preferences leaning towards gold. The gold rush must have affected demand more than supply, because the price nearly doubled. That's the only thing I can think of to explain it.

Regardless, the price of gold returned to the median in just a little under two decades — very short in the history of the US. Here are the excel graphs I made that caused me to discover this phenomenon. https://imgur.com/a/FpEVl0W

submitted by /u/rektumsempra
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Bitcoin – The Currency of the Internet

Scary prediction of bitcoin prices you wouldn't believe.. (reddit.com)

I did some plotting of bitcoin prices from Aug 2010 to present March 2018 and there were some unbelievable results for predictions of the future prices of bitcoin. The “fair value” I got for this month is around $ 7765 usd. Therefore anything under this price is undervalued and you should buy as much as possible. For April, prices under $ 8593 are a steal. This doesn’t seem very high but keep in mind 2017 saw massive gains. But the ride is going to get crazier. Since Bitcoin is very volatile,…

Bitcoin

Hedge fund manager: I believe so strongly in bitcoin and other cryptos I put nearly all my money in …

"Like 90 percent," Brian Kelly estimates of his cryptocurrencies investment. "I run a fund. I have my money in that. I've got investments elsewhere." "But that's not for everybody," said the founder of BK Capital Management. "I'm making a big bet." In 2018, bitcoin has been under pressure, hitting a …
Google Alert – bitcoin

Senator Mark Warner: “I was an early investor in cell phones back in the ’80s, and I believe blockchain has the potential to be just as transformational as cell phones. As our government begins to look at crypto, I don’t think you can separate cryptocurrencies from the technology they’re based on”.

Senator Mark Warner: "I was an early investor in cell phones back in the '80s, and I believe blockchain has the potential to be just as transformational as cell phones. As our government begins to look at crypto, I don't think you can separate cryptocurrencies from the technology they're based on". submitted by /u/toroidalfield
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Bitcoin – The Currency of the Internet