The Rise Of Bitcoin May Be A Warning, Ignore It At Your Own Peril. By Gregory Mannarino
With the epic rise of Bitcoin continuing more or less unabated, even more mainstream financial "experts and bankers" are speaking out against it. At the same time these so called "experts" admit that they simply "do not understand Bitcoin."
Well clearly, I certainly do...
As most of you know who follow my work, I have nailed the rise of Bitcoin with 100% accuracy from when it hit $2,800, right through $10,000. Moreover, I have made hundreds of percent profit from Bitcoin's epic rise-and I outlined for my followers from all over the world how they should have done the same at that time. (Congratulations to those of you who listened).
6 months ago I wrote an article titled "Next Stop For Bitcoin $5,000 and Beyond." Click here: https://steemit.com/bitcoin/@marketreport/next-stop-for-bitcoin-usd5-000-and-beyond-by-gregory-mannarino
I also wrote a follow up article on Bitcoin 3 months ago titled "Bitcoin To Hit $10,000 Within One Year." Click here: https://steemit.com/bitcoin/@marketreport/bitcoin-to-hit-usd10-000-within-one-year-by-gregory-mannarino
To say the least my calls on Bitcoin have been spot on.
Here is my next 2 cents on Bitcoin, and my opinion may be worth a fortune.
In my opinion Bitcoin will continue to rise to heights which will take most completely by surprise, and I personally intend to take full advantage of it, (and so should you), but perhaps more importantly we should look a bit deeper into what is happening with Bitcoin.
Regardless of what you may think, Bitcoin, IS NOT a unit of debt. However, the US Dollar is, at it's core, a unit of debt being disbursed by a bankrupt government under the guise and rule of it's issuing central bank, (The Federal Reserve).
(FIRST). Understand, the Dollar's in which you hold DO NOT EVEN BELONG TO YOU!
The Dollars you hold are owned and owed back to the issuing central bank PLUS interest, and they set the rate.
Bitcoin in every way is diametrically opposite of what the Dollar represents.
Again, at it's core, Bitcoin is not a unit of debt which is owned and owed back to it's issuing central bank plus interest. (You, THE HOLDER, own it outright).
The rise of Bitcoin is directly reflective of the rise of "anti-debt," because it is owned by it's respective holder. Moreover, in my opinion the rise of Bitcoin will continue as central banks around the world have no choice but to inflate and issue more debt notes in the form of Dollars, Euros, etc.
In fact Bitcoin may just be THE warning of an impending meltdown of the malignant Central Bank debt based system, the writing is on the wall.
Gregory Mannarino, (The Robin Hood Of Wall Street).
Find out more, visit my website TradersChoice. Click here: https://www.traderschoice.net/
Indeed people keep saying "but Bitcoin is backed by nothing". Backed by nothing is far far better than backed by less than nothing.
BTC to the Moon and LiteCoin to MARS...
but i think it price will fall some how i don,t know the reason but i feel like it
Emotional investment decisions usually fail to work out well. If you don't understand Bitcoin you will fear it. Learn some facts about how it works and how to manage the investment and stop letting fear decide for you.
yes but what if people start charging the taxes on the cryptocurrency
Congratulations @marketreport!
Your post was mentioned in the hit parade in the following category:
Thank You, Gregory. Reminds me of the proverb: A bird in the hand is worth two in the bush.
Nice picture.
We live in interesting times ...
I love bitcoin cause now it is one of the best popular cryptocurrency in the marketplace.And all the time it's value is higher,So that when i hold only one bitcoin i feel like become a millionaire.