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08/13/2017 / By Mike Adams

Bitcoin blasts through $4000 as new suckers buy into the “promised land” of digital fiat currency backed by nothing

Bitcoin just blasted through $4000 as new suckers have been convinced that a cryptocurrency backed by nothing is a magical perpetual motion machine that will make everybody rich if they would just buy more Bitcoin. The sales pitch for Bitcoin now mirrors the greed-driven con of the dot-com bubble: “Mortgage your house! Buy Bitcoin! You’ll […]

06/15/2017 / By Ethan Huff

Raoul Pal warns Bitcoin is a speculative bubble, “scarcity” may be a myth and it isn’t a “store of value”

A bitcoin investor who purchased the popular cryptocurrency several years back when it was only about $200 – it’s now valued at almost $3,000 U.S. – recently sold everything he had and moved his money elsewhere. And his advice is that you should do the same if you don’t want to suffer the consequences of […]

06/14/2017 / By Ethan Huff

Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”

It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this […]

06/05/2017 / By Mike Adams

Bitcoin “end game” a mathematical certainty even as Japanese and Korean noobs convince kindergarten teachers they’ve stumbled upon a magical source of endless wealth

A quick mathematical analysis of Bitcoin and the world of crypto-currencies: After plunging nearly 30% last week in a severe correction, Bitcoin has since surged back to the $2800 range, this time riding a wave of optimism from Bitcoin noobs in Japan and South Korea who have become irrationally convinced that Bitcoin is a replacement […]

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