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 Mountain Goat "Bitcoin Special Edition" 1/18/18

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Mountain Goatee
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PostSubject: Mountain Goat "Bitcoin Special Edition" 1/18/18   Sat Jan 20, 2018 12:21 pm

January 18, 2018 Mnt Goat News Brief

Hi Everyone,

I bring you the second of my Special Editions on Bitcoin

I am writing this second Special Edition on crypto currencies today not because I am sitting around and twittering my thumbs with nothing else to do. In fact, it is very late in the night and I have had a very long day taking care of my guest but I know the urgency for everyone to know what I am going to tell you today.

I am also writing this because many of you are under the impression that these crypto currencies (ie. Bitcoin) are the next currency for you to get involved in (as part of some GCR and NESARA/GASARA) and that it will have a significant change in value (revalue) like the Iraqi dinar. That this is just another currency like revaluation to get into. None of this is true.

Many of you have also been convinced by the crypto pumpers who own the blockchains, that this is the next currency of the future and so why not invest early in the process. After all we have been taught to buy early when the value is low and sell high .... right?

Then again many of you might think these cryptos are the answer to the Cabal banking. Yes, you feel you are somehow going to break their back and take away their wealth but privatizing currency. After all who needs the banks anyhow? Really?

Well…I have news for everyone today. These are all lies. These statements are all very ridiculous. So let’s explore more evidence today as to why I feel this way. After all you do want the FACTS don’t you? So here are some REAL articles on this subject matter for you to digest.

More news….

KEY REASONS BITCOIN, OTHER CRYPTOCURRENCIES HAVE LOST A STUNNING $400 BILLION IN 10 DAYS

by Mark DeCambre

Published: Jan 17, 2018

Fear, uncertainty and doubt are crushing bitcoin

Bitcoin is under pressure—again.

The No. 1 digital currency and its cohort continued to unravel Wednesday, extending a downturn that has seen the entire sector cough up a whopping $400 billion since Jan. 7, or more than 40% of their total value.

Source: CoinMarketCap.com

For its part, bitcoin BTCUSD, -13.34% has shed almost half its value since a single bitcoin traded at an all-time high just below $20,000 in late December.

What’s dragging down a sector that had enjoyed stratospheric gains (bitcoin alone is up about 1,100% since last January) even compared against the Dow Jones Industrial Average DJIA, +0.41% the S&P 500 index SPX, +0.32% and the Nasdaq Composite Index COMP, +0.30% which boasts returns between 22% and 30% over the past 12 months?

7 cryptocurrencies to watch in 2018 to stay away from unless you want to partake in the next BIG disaster i.e. the next bitcoin.

Here’s a quick rundown of the factors contributing to the last carnage Bitcoin:

1). South Korea

Seoul has said that the GOVERNMENT INTENDS TO CRACK DOWN ON THE TRADING OF CRYPTO ASSETS. Officials have also floated the idea of taxes on crypto trading and other measures to tighten its grip on market considered by some AS SUPPORTING MONEY LAUNDERING AND DANGEROUS SPECULATIVE INVESTING. By some measures, South Korea represents about a fifth of the virtual-trade volume.

(Mnt Goat – oh so now how do we know this money is not being used to fund terrorist organizations? We DON’T since these cryptos are not regulated. Oh did they say “dangerous speculative investment”?)

2). Russia

Russian President Vladimir Putin said on Tuesday that MORE OVERSIGHT OF CRYPTO CURRENCIES MAY BE NEEDED “This is the prerogative of the Central Bank at present and the Central Bank has sufficient authority so far. However, in broad terms, legislative regulation will be definitely required in future,” he said, according to Russian news agency TASS.

3). China

Beijing, which already has taken a hard line against the bitcoin community, which uses computing power to support the network and create new bitcoin through mining, has said it also IS EXPLORING FURTHER REGULATIONS OR RESTRICTIONS AROUND DIGITAL-ASSET TRADING.

(Mnt Goat – So here we see both Russia and China recognizing the need for more regulation on these cryptos. When will the USA govt wake up and regulate them? Will they do this only after a huge crash and somehow then the govt has to take your tax dollar money to bail it out?)

4). Bitconnect $BCC

The cyber currency known as Bitconnect, which has long drawn a critical eye from crypto currency investors because of its use of loans and the manner in which it solicits new investors, shut down. Bitconnect also promised a return of a quarter of a percentage point daily. Its currency, the Bitconnect coin, plunged by 94% after the announcement.

(Mnt Goat- So what happens if these loans default? How will the banks recover their loss if the crypto currency is crashes, which is highly likely? Could there be another massive crisis like the one experienced in 2008 with the housing industry? Can it be avoided? Gee wiz we never thought of that. Instead lets for and invest half-cocked as we only think about our own short term greed! This is not sound, logical thinking.)

Source: CoinMarketCap.com

5). Bitcoin futures

TimeCboe Bitcoin (USD) Jan 201826 Dec17 Jan18 Dec3 Jan9 Jan

(Mnt Goat – yes these idiots will come up with anything to gamble with your money. Folks I don’t even like casinos and so you know were I stand on this issue of high risk gambling. Calling it “furures” is a kind way of saying high-risk gambling and nothing else)

More news….

DAY TRADERS TEMPTED BY BITCOIN'S PLUNGE ARE GOING TO 'GET SLAUGHTERED,' SAYS BLOCKCHAIN ENTREPRENEUR

Investors should not put more than 1 or 2 percent of their assets into cryptocurrencies, Current CEO Dan Novaes says.

Current, a media platform with a cryptocurrency twist, counts billionaire Mark Cuban among its initial backers.

Novaes calls the crypto craze as "the biggest wealth transfer in history."

Matthew J. Belvedere | @Matt_Belvedere

(Mnt Goat – oh where have we heard this before? Same old scams over an over again. Get it?)

Published 49 Mins AgoCNBC.com

Investors looking at bitcoin's drop of nearly 50 percent from last month's all-time high above $19,000 should not enter the market for the first time WITH GET-RICH-QUICK ASPIRATIONS, a cryptocurrency entrepreneur with big-name backers warned on Wednesday.

"If people are going to day trade cryptocurrencies, and they don't know what they are going, THEY'RE GOING TO GET SLAUGHTERED," said Dan Novaes, co-founder and CEO of Current.

His company, whose initial investors include billionaire Mark Cuban, provides an all-in-one platform for popular streaming services such as Spotify and SoundCloud. It also OFFERS USERS A WAY TO EARN CRYPTOCURRENCY TO REDUCE OR ELIMINATE SUBSCRIPTION COSTS.

(Mnt Goat – Yes they can earn cryto currency by pumping the scam and getting others to join and add to the pot. Sounds more like a pyramid scheme than an investment to me? Have you ever tried one of these mass marketing schemes? If you have, unless you are the one inventing it, I am sure you did not make much money and if you did it was short lived and it was bound to end as these mass marketing schemes are short lived only until people wise up and catch on to the scam since they can no longer recruit more suckers into the pyramid, it simply ends.)

In addition to running a business based on blockchain, the online ledger technology underlying bitcoin and other digital coins, Novaes said he's an investor who is "long cryptocurrencies."

"I believe in the technology behind it, and WE'RE IN THE MIDDLE OF THE BIGGEST WEALTH TRANSFER IN HISTORY," he said on CNBC's "Squawk Box." "It will develop over the next five to 10 years. I won't put my entire life savings on it … but 1 or 2 percent, whatever, because there's a lot of upside and it will ultimately change our lives."

Novaes likened the crypto craze to the internet boom 20 years ago.

"Not every single currency or application will survive. We'll see which ones do," he said. "If you had spread your portfolio out with maybe the top 20 tech companies predot-com boom, you would have actually made quite a lot of return on the ones that made it."

(Mnt Goat – comparing this crypto craze to the internet craze of 20 years ago is not a fair and honest comparison. They would like you to believe it is. Since the internet craze created jobs, it resulting in so many software products and services. So what does crypt bring to the table? NOTHING! It is bound to fail unless highly regulated and controlled as a VERY HIGHLY SPECULATIVE investment.)

DESPITE LOSING ABOUT A QUARTER OF THEIR VALUES IN THE PAST 48 HOURS, top digital coins like bitcoin, ethereum and ripple were still up in the past 12 months 1,000 percent, 8,500 percent, and 13,000 percent, respectively, making for relatively high entry points for new investors.

But Novaes, who has profited as an early adopter, said it's not too late to buy into the various coins. "To be honest with you, I bought cryptocurrency last week. I buy these dips."

Nolan Bauerle, director of research at CoinDesk, told "Squawk Box" on Wednesday that bitcoin prices are still based solely on "what a person is willing to pay" and "what a person is willing to sell it for."

"Since 2016, there have been six 25 percent decreases in bitcoin. So six times it's hit large-scale sell-offs," Bauerle said. "What we can see from that is often times that money goes into other cryptocurrencies."

Ripple, whose market capitalization of $40 billion is a strong No. 3 among the hundreds of digital currencies, was among the biggest beneficiaries in those past bitcoin plunges, he said. Bitcoin, with a market value at $171 billion, and ethereum at $84 billion are the top two digital coins.

CoinDesk is an online media firm aimed at the digital asset and blockchain community.

More news…

I TOLD YOU THIS WOULD HAPPEN! Go re-read my Oct 29, 2017 Special Edition Newsletter.

How many of you decided to invest anyway? How many of you have lost money on this scam? How many of you will in the near future?

Whenever there is hype and hysteria over any investment or any kind, be aware. A red flag, flashing lights or whatever should go off immediately in your head. Stay away it is that simple. Bitcoin is a very good example.

Your gut is sometimes the best answer to your questions. Sure you can go investigate and research and you may end up even more mixed up since the pumpers will try real hard to get you to invest. They will tell you all these wonderful stories of some made billions. Really?

Folks – I don’t even consider Bitcoin an investment. Get it? It is not regulated and who the hell do you go to when they take you money? Right from the start it is a scam as it calls itself a coin. It is not even currency and does not fall into the definition of a real currency.

It is not even an investment since there is no product or service being provided or rendered to society to back up the investment in any company or organization. Is this not the intent of investments to provide a source of capital for companies to execute a project to produce something of value to society. This is how anybody can have a stake in a company and in taking this risk you then are allowed to take a percentage of the profits.

There is not even a company or organization involved with crypto currencies. Oh – I really hate to even use the term “currency” here and I use it very loosely. The entire concept is based on greed – greed, greed and more greed. It is like Satan standing on your shoulder whispering in your ear. Is this the way we should be running our lives?

The more greed the more hype then comes the hysteria when the price of it rises as more and more greedy people add to the pot. Yes, this is all crypto currencies really are, a common pot of money sitting there and people keep adding to it. When will the pot get emptied? When those who control the platform chains decide they have had enough and empty their pot, thus taking your money out with it? Yes you will soon no even have a “pot to piss in” because you do not control it. Who does? The foolish lie that no one does is just that – a BIG FAT lie. Yes they will take their share out of the pot and take your share too as their equity. How else can they gain any value? Certainly, it was not be generating a product, goods or service and selling it on the open market? There is no product, goods or services being produced…get it? How else can the pot on money increase if not money from you since there is no product or service being produced to add to the value. So we see there is no real equity only a pot of money. The only value comes from other suckers, who thru their own greed, can’t stay away and have to add into the pot with promises of making millions. Yes – they are stupid enough to actually think they are investing is something.

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

In ending I want everyone to know your constant prayers in the fight against evil (ISIS) in Iraq have worked. God has guided these young men and women on the battle field. Let us all now also keep praying. I have composed a prayer maybe we can all pray today in our own way and until the revaluation occurs.

PRAYER

“For the prime minister and all his cabinet members, and parliament that they may be anointed by the Holy Spirit to do God’s will and bring the free Republic of Iraq to the much-deserved prosperity and abundance thru justice and freedom from oppression and corruption”. That they may be a shining example for the rest of the middle east and the world to follow. In the name of Jesus Christ our King and Savior, Amen”

Auf Wiedersehen

Much love to ya all,

Mnt Goat





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