Is Bitcoin In A Bubble?

“An Investment In Knowledge Pays The Best Interest”*

Because of my expertise in investments and human psychology, which are closely linked together, I’ve been asked if bitcoin is in a bubble. The short answer is no – not yet. And here’s why.

In The Road To Ruin {<Interview} and Currency Wars {<Free Copy}, Jim Rickards discusses how “the elite” know that a global economic crash is coming soon.

“Know What You Own, And Know Why You Own It”*

Although Rickards says that he doesn’t like bitcoin, I know that he has to defend his position because of his book The New Case For Gold. Yet, in all of his books, he states that because of the impending global crash, the governments, the Fed, and the central banks want to ban paper money, and push everyone into digital currencies.

Which is succeeding because most people pay with their debit card, etc. And soon enough most stores and restaurants will no longer accept payments in fiat paper form.

“The Four Most Dangerous Words In Investing Are: ‘This Time Is Different'”*

By accepting this unprecedented cycle in economic history, you can ride the wave up before the governments do what they have always done; which is to seize control of the monetary supply for their own profit while oppressing the masses.

This past week bitcoin hit a new high of about $11,500 per unit. It has also risen about 900% year to date.

Therefore, it should come as no surprise that also in the past week, the US government decided to obtain transaction records in order to get their half of the profits from anyone who was astute enough to make money from bitcoin.

Now, that’s all fine and dandy because we’re all used to the government taking a nice chunk of our earnings, so that they can bail out the banks. And of course, pay for the politicians to go on a well deserved vacation after doing all that debating.

But, what most people aren’t aware of is that the US government and the Fed have made it legal for the big banks to short the gold and silver market in the futures exchange.

Basically, the banks print up paper derivatives at will in order to manipulate and suppress the precious metals market for huge profits. There are at least 100 paper claims to every ounce of metal. Of course, if anyone else did that they would be brought up on charges, but the banksters instead get bonuses.

Just look at what they got away with during and after the subprime mortgage crisis. And how the Hunt brothers were intentionally wiped out by continuously raised margin calls in order to pummel the price of silver from about $49 an ounce down to under $11 an ounce.

“How Many Millionaires Do You Know Who Have Become Wealthy By Investing In Savings Accounts?”*

The US government is desperately trying to hold onto the US dollar as the world’s reserve currency by pushing up their stock market to create the wealth effect. And because of the tell-tale signs in the prices of gold and silver they push those down.

But, only a fool is fooled by the Fed and their false data and fake unemployment numbers. Which is why China and Russia are buying tons of gold and silver.

But, it’s backfired on the US because people are piling into crypto currencies instead of precious metals – which have been proven to be real money for 5,000 years.

“Be Fearful When Others Are Greedy. Be Greedy When Others Are Fearful”*

It may take up to a year for the US government to make it legal for the banksters to decimate the price of bitcoin in the futures market. But, don’t kid yourself and get too greedy, the US is full of malarkey.

Until then bitcoin should at least double in price, so buy some asap. It’s relatively easy – just make sure to quadruple check your wallet addresses because a third of all bitcoin investment has been lost due to wrong addresses. Copy and paste it, then check it several times, and you’ll be paid well for your due diligence.

Then watch the markets and future exchange news daily. Already on 18 December 2017 they’ll be listing bitcoin on the futures exchange, and if you actually think that the powers that be will let it go up to a hundred grand or more – you got another thing coming. But, then again – patience always wins the war..

Of course, I may be biased because of how much I dislike the self-righteous, hypocritical, and antiquated system. I’m a rebel, but I have a cause and an open mind,et still the best economic predictor I know of is Max Keiser.

Bitcoin is extremely volatile, but don’t let that bother you – it will keep going up because digital currency is the wave of the future. Don’t be duped by the Fed raising rates a quarter of a percent, or saying that they’re going to. They’re just trying to get ready for the next crash, so they can do what they did last time – print up trillions of dollars out of thin air while lowering interest rates way down.

It’s interesting to me that when someone robs a bank and gets caught that they go to prison for at least ten years, but the banksters blatantly steal from the masses on a regular bases and get bonuses for it.

But, this post is’nt about that. It’s to tell you that there’s still time to buy bitcoin, yet I prefer litecoin. I’m also into ethereum, stock index funds, and I hold PHYSICAL precious metals long term because the law of cycles always wins the war.

I’m also patiently waiting for the US stock market to crash, so that I can swoop down and buy up tons of stock index funds while they’re on sale. And I love real estate that is not in any major city – unless it’s a rental property.

Of course, my abundance mindset all started when I started to Think And Grow Rich {<Free Copy}.

As I always say – do your own thing, but just do it now. And remember like Emerson said, “the first wealth is health.”

Vaya con dios,- The Unknown Musician

Quotes – *Ben Franklin, *Peter Lynch, *John Templeton, *Robert G. Allen, *Warren Buffet

© 2017 – 2018, Herb Norcott. All rights reserved.

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