My online bank have started asking me the purpose of any payments I am making online. This infuriates me….I can’t find the “none of your f***ing business” option. One more reason I hate the current banking system. Long live bitcoin!

My online bank have started asking me the purpose of any payments I am making online. This infuriates me....I can’t find the “none of your f***ing business” option. One more reason I hate the current banking system. Long live bitcoin! submitted by /u/everyonesastudent
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Bitcoin – The Currency of the Internet

Real reason for the dump is simple and the solution is too.

The world markets are becoming very unstable and bitcoin was making a move from slow organic buying. The elite and banking cabal can NOT have a hedge against their failing system so will use derivative exchanges and whales to scare everyone away.

The solution is for people to BUY SPOT btc and remove immediately from exchange so they can't take your coins and lend it to a seller which causes artificial supply.

BUY SPOT.. and move it to wallet is the only way to beat them.

submitted by /u/vroomDotClub
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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

TOM LEE: There's a $25 billion reason why bitcoin could stop plunging by mid-April

Bitcoin investors owe an estimated $ 25 billion in US taxes, according to Tom Lee, the co-founder of Fundstrat. As Tax Day approaches, many bitcoin owners are selling their digital coins in exchange for dollars. And so, Lee believes some of the selling pressure on bitcoin will lift after the tax deadline on …
Google Alert – bitcoin