iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,458 Blog Posts

The Bitcoin Surges Ahead, Stretching Yearly Gains to Well Over 100%

This thing is a complete scam, a denizen of perfidy if I’ve ever seen one. But like our election process, the Bitcoin is benefitting from the lesser of two evils: fake fucking digital currency for drug dealers and money launderers vs ponzi scheme national currencies, used for the manipulation of world assets on a scale never seen before.

Choose one.

As such, bitcoin is rifling higher by 3% this evening, stretching 1 year gains to 114%.

BTC

The only way to play it, via the stock market, is through GBTC.

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7 comments

  1. awanka

    It’s very funny that people have more faith in bitcoin than national currencies. At least noone can arbitrarily decide to add 20% more bitcoins into the pool.

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  2. en1gma

    Bitcoin is the Terminator of currencies.

    It can’t be bargained with. It can’t be reasoned with. It doesn’t feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you are dead.

    Bitcoin is based on math. Pure and simple arithmetic. What the fuck is the dollar based on?

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    • kugar

      Yeah bitcoin is cool until it gets hacked again, or someone figures out another way to fuck with it and it instantly becomes worthless.

      Regardless, no Baby Boomers are going to buy fucking bitcoins. Currencies are going to shit – play it safe, buy Gold.

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      • metalleg

        You don’t fuck Bitcoin. Bitcoin fucks you.

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      • sethster99

        Agreed. Bitcoin is a holding place for trading into other fiat currencies. The best way to protect one’s assets in the end of the world scenario we are headed into is to purchase gold company shares or physical gold/silver.

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  3. 99 lead balloons
    99 lead balloons

    What about bitgold? Best of both worlds.

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  4. smartestone

    it’s going back to $1000

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