This time last year, we published an article titled “Bitcoin Is Now Good As Gold, Actually It’s Better”.
Now, this was back when a single bitcoin traded around $1,280.
There were quite a few haters back then who commented on the vblog we did for that same article saying these things:
In the last year, bitcoin has since hit $20,000 per coin and corrected back down to around $10,000 as of today.
Around 9 months after the above comments, I put out another video on December 15th suggesting that people begin rotating crypto profits into some of the forgotten gold stocks that have good upside potential.
And just as absurd as the comments from 9 months earlier, people began making statements in the video comments like;
“Gold will never go up, bitcoin will never go down” and this guy:
At the time of the video, bitcoin was trading at $17,700 and has since fallen 45%.
In fact, within two days of the video, bitcoin hit its all-time high near $20,000 and has come down dramatically since.
But, this just goes to show the madness of crowds and how sentiment can change dramatically so quickly.
One year ago, I was virtually assaulted for suggesting bitcoin was “as good as gold” and most of the commenters said bitcoin was in a bubble and “tulip mania” when it was near $1,300 while stating that gold was the best investment.
Nine months later and bitcoin had risen to $17,700 and I was lambasted for even stating that bitcoin could ever go down again… and nearly everyone commented that gold would never rise again.
This is why you shouldn’t be taking your investment advice from Youtube commenters! In fact, I often use it as a gauge of public sentiment and if everyone thinks something is going to go up… then it will almost surely go down. And, vice versa.
Your average person, after all, is an indoctrinated, vaccinated, fluoridated brainwashed slave that has been the target of mind control in the government indoctrination camps and via television programming their entire lives.
It’s not even really their fault. This has been a CIA operation for decades to make your average person a drooling idiot that can’t even think rationally.
After all, in 1981, numerous people said that CIA Director William Casey said the following in the Roosevelt Room in the West Wing of the White House, "We'll know our disinformation program is complete when everything the American public believes is false."
Congratulations, Casey, I think you have achieved your goal!
Don’t get your financial advice from the mainstream media like CNBC, or from the Federal Reserve… and certainly not from a Harvard professor in economics… aside from not knowing anything about economics they have no incentive to guide you into sound money like gold and bitcoin as it works against their plan for total and complete monetary enslavement of humanity.
Like, communist buffoon Kenneth Rogoff, who recently said, “I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now. I would see $100 as being a lot more likely than $100,000.”
He joins fellow Keynesian, Paul Krugman, with a list of predictions that are so far from reality that it boggles the mind. Like, when in 1998. Not 1993, or 1994… 1998! When the internet was already massive and only someone with severe brain damage could have said what Krugman did, saying, “The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'-which states that the number of potential connections in a network is proportional to the square of the number of participants-becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.”
What’s a “fax machine”, by the way?
In any case, we’ve just wrapped up our third annual TDV Investment Summit in Anarchapulco, Mexico, with speakers who actually understand economics like Ed Bugos, G. Edward Griffin, Mike Maloney, David Morgan and more.
The gold stocks recommended at the 2016 Summit went up hundreds of percent within 6 months of the event. And the cryptos which were widely lauded at last year’s summit went up thousands and even tens of thousands of percent within the next year.
I am quite sure many of the predictions for 2018 given at this year’s summit have the potential to do nearly as well. And you can get access to the entire Summit plus the entire Cryptopulco event… and even the entire three days of Anarchapulco with speakers like Ron Paul, Cynthia McKinney (who came out as an anarchist at the event), and 40+ more amazing speakers all from the comfort of your own home by going HERE.
The individual videos are still being uploaded daily as we speak, but you can access the entire event’s videos for Anarchapulco, Cryptopulco and the TDV Summit now HERE.
Be careful where you get your info! If it’s on TV or on Youtube comments or said by any Keynesian “economist”, basically always do the opposite.
What’s Krugman’s fax number? I’ll send him this article.
So true! Do the opposite of the crowds and the commenters. The classicly trained economists have been wrong time and time again. Sometimes it’s hard to see the forest for all the trees! Lol Thanks for the post!
bitcoin will cost zero or milions no other option
Great post with great advice! Doing the opposite of what everyone else is doing or talking about doing is probably the best call. Keep the content coming Jeff!
You are making a great and important job!
Let the haters hate and soon be washed away by the next BTC jump/hype...
Wake me when we surpass a Kilo of gold....after that when we surpass one of those bars from Die Hard 3
A lot of money will be made in the stockmarket this year.
A LOT MORE money will be lost in the stockmarket this year.
People are going to run into cryptos as fast as the tiny gates will allow them. We haven't even begun to see a run up.
All indicators are showing that we are beginning hyper inflation. So, expect all asset prices to skyrocket, or crash. And then prepare for food prices to follow a while later.
I believe cryptos are the future of money, because it is that much better that what we have currently. Sure there are problems, but it's software, it will be fixed.
Bitcoin has many properties of gold, plus some additional useful features, like ease of transportation and concealment.
Theres virtual currency, after which theres Bit-coin. The super geeky Bitcoin is really a mathematically-derived money that promises to change the way people use currency. Bit coins are not real coins theyre strings of code locked with military grade encryption and folks using them to buy and sell services and goods are difficult to trace. Together side anonymous drug retailers, Ashton Kutcher and the Winklevoss twins have allegedly jumped onto the bandwagon. It is not governed by the government or banks, does not arrive with the usual transaction fees and is impossible to fake.@dollarvigilante
Nice summary.
It's good to diversify and HODL. Can you help me help some victims of socialism?
What is your thoughts about bitcoin dropping in prices now?
It was needed Bitcoin was way overbought best time to get in now.
Buy it on the low low. Lol.
How is it gonna fair after regs?
The massive adoption of blockchaine technology by large global companies and the most developed countries like Germany and Japan make Bitcoin more expensive than gold. In one word: it's digital gold
That's 3 words.
Woo good
I have been working and living on the web for four years, over the years I have met many people who are engaged in making some kind of comments or business presumptions, without knowing or induced by any news that has been read there, few are serious people and professionals who say or affirm something for knowledge.
As you say you have to be very careful where one acquires the information before making some type of investment, you even have to consult several sources of professionals.
The people on the web respond or comment on what I hear in their forum or work group.
excellent post sir @dollarvigilante, thank you very much for sharing your past estimates and your knowledge
I wish you a good weekend
indoctrinated, vaccinated, hehe you got that right
Funny how that rule never wears out! I've been using it myself. On the assumption that we're in a "Crypto Winter," I've paid off all my credit card debt and getting ready to dollar-cost-average into more cryptocurrency when it looks like a bottoming.
The part about brainwashed indoctrinated slaves is hilarious @jeffberwick! 😂 They’ve been saying bitcoin is a Ponzi scheme since it was trading at 30 cents, when central banks collapse due to cryptocurrencies maybe they’ll realize.
You r awesome Jeff. Thank you. Yesterday i watched a documentary of how miners like Silver Majestic are trying to destroy Wirikuta sacred land in Mexico...And just realized the beuty of Crypto. NO NEED TO CONTAMINATE AND DESTROY ENVIROMENT TO CREATE WEALTH.
That's right! Haters gonna hate. One day they'll against you, the next day they will praise you, and the next next day they'll hate you again. This is technology we're talking about. The new must replace the old so I believe crypto will either dominate or innovate the world from now on.
That quote from Krugman is wild. I mean, people make wrong predictions all the time. But talk about being blind in 1998... I wonder what he'd say if that quote was pointed out to him. :)
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Hey Jeff, I'm the guy who really wanted to make friends with you at Anarchapulco / I spoke with you a minute about E-Cigarettes after your opening talk. Seems it was the community I needed to befriend, and I did. I really hope you'll check out my first Steemit Post. I'm pretty sure it's right up your alley. Thanks
https://steemit.com/introduceyourself/@mwmartin/as-above-so-below-blockchain-is-a-mirror-of-the-akashic-record-creation-s-cosmic-ledger
So let me share my story: I was investing in the brazilian stock market since 2007. I've studied a lot about investments, also TA and FA. I believe I was pretty successful in making money on my early 20s, most of my friends were only making a couple of hundred of dollars a month and I was doing way more.
But you know something you can't always be prepared? CORRUPTION.
Politicians in Brazil are so corrupt.
In 2017 I only had a few stocks, I was already investing in crypto, but then the president of Brazil was secretly recorded discussing some bad sh*t like bribes and so on.
The stock market fell more than 30% on that week. How could I predict that? So my money was in the hands of some gangsters? Not anymore.
So I just went all in... sold all my stocks and bought everything in Bitcoin and other altcoins.
Never been happier since then. The pandora's box already open, it's too late for the banks and other people trying to keep the status quo, seriously.
One last thing: I know it is totally possible to manipulate the crypto market but... decentralization it's beautiful. I will support it and be part of the revolution.
Great post, Jeff. Most people are brainwashed. It's sad really. Voluntaryism is really the only hope at this point. Resteemed