Should Investors Avoid Bitcoin, Gold, and Silver Because They're Owned by the Big Banks? My Surprising Thoughts! by bullishmoney

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bitcoin · @bullishmoney · Jun 23 '17

$25.56

Should Investors Avoid Bitcoin, Gold, and Silver Because They're Owned by the Big Banks? My Surprising Thoughts!

One of the counterarguments against the cryptocurrency and precious metal markets is that these asset classes are owned by the big banks. That's right! Don't think about buying bitcoin, or gold and silver bullion in the hopes that they will disrupt the fiat system -- a system cannot undo itself! 

https://youtu.be/cQo537hosyc

However, I believe this line of reasoning is a false cause-and-effect relationship. The simple fact that bitcoin, cryptos, and gold and silver bullion are owned by the big banks does not impugn their investment validity. 

In this perhaps surprising video, I go over the alarmingly simple reason why you shouldn't let big bank ownership discourage you from the cryptocurrency and precious metal markets.

👍 ausbitbank, thejohalfiles, fulltimegeek, speda, michiel, staticinstance, bullishmoney, djohan, mdquixil, skytrex, cassidyandfranks, justoneopinion, cryptocrusaders, hansit, artbyjulia, jaquith, mariaalmeida, irainman, louisb, jscottdavis28, devonking, cryptogaming, lauriejane, fiord18, cryptohustler, jaynie, sam99, ch00fy, pressurepointau, sambo-rambo, mishad5

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@charles1 · Jun 23 '17 (edited)

I think that we the common masses should keep on investing in top crypto like Bitcon, Etherium, Dash , Monero etc especially steem because it will give us the opportunity of being free from the chains of governments and banks...I am all in for Steem (see my post esterday on steemit  taking over social media). Thanks a lot for your post

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@dojoexle · Jun 23 '17

Yep cryptocurrency is going to be crash soon

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@justoneopinion · Jun 23 '17

Agree, Just let it go.  The fiat WILL have to go completely electronic at some point so the fiat dollar is in a tight spot on how to get there (converted). Cash WILL go away and sooner than later I think. Change the name "Bank of America" to "Block America" and your good to go  :)  Banks will become Block Service Centers?  Storing your wallet chips?  I am a beliver that the Bitcoin success depends completely on seperation from the treasury participation of any kind. Completely peer to peer. Am I wrong? I am concerned about control of your electronic wallet, will it be frozen ? One thing this exercise DOES do is show the whole fiat system stinks of corruption. Like you said you'll never get the corrupt fiat system back in the box. The answer? I accept your bitcoin and you accept mine.

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@michiel · Jun 23 '17

$1.08

People use these assets to AVOID the banks. However gold and silver are manipulated and the ROI it gives is not fair, at least they don't earn on you by inflation. 

Thats why Bitcoin is the best option in my opinion. As long as there are no financial products build on BTC, it will be very hard for them to manipulate. Only miners can do this at the moment by spreading FUD about forks.

👍 michiel

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@mkdmrs · Jun 23 '17

Since JPMorgan is the largest naked paper short seller on silver, and at the same time the largest purchaser of physical silver, I'd say that the banks ownership is even more reason to purchase and gold.   The central banks are big owners of physical silver and gold mining stocks.   They have endless resources and counterpart banks to where they can short silver and gold as much as needed to suppress pricing, at the same create as many zero's as needed to buy up physical at the suppressed prices.   It's not legal, but the people don't care about what they don't understand.    I believe this is the time to accumulate, be happy that silver is not going up for example, just get what you can before the hammer is released.   All opinion of course.

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@bullishmoney · Jun 23 '17

The point that Don was making in the J22 interview was that every player in the gold/silver supply chain wants fiat currency, except the personal bullion buyer. This fiat currency is supplied/financed by the big banks. For example, most mining stocks have loans against the banking cartel. 

But I agree with the broader point ... ownership alone doesn't imply a good or bad investment.

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@sam99 · Jun 23 '17

Thanks @bullishmoney for giving this valuable information.

https://media.giphy.com/media/imRu0Oqh6kzdK/giphy.gif

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@tothesea · Jun 23 '17

i think in the longterm, bitcoin will be like much much more popular than now, a usual way to safe your money as gold for sure and pay on  the internet. lets see what will happen in the future !! even if we have a crash down, then will be up again, as in 2015 when the platform MTGOX went bankrupt, the bitcoin down to 200 doll against 1000 doll the day before, now its near 3000 doll. Anyway, keep your bitcoin, its a longterm investment. Will see :)

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@wekkel · Jun 23 '17 (edited)

There is no way to stop anyone from obtaining Bitcoin and this is supposed to be that way. Personally, I do not care who buys or sells Bitcoin. Bitcoin does not care either (Honey Badger).
![Honey Badger](http://i.imgur.com/qFyVbDr.jpg)

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