If you think the Fed will stop hiking, look at Bitcoin

[ElCubano]

But If he would be able to turn water into BTC would that appear on the B/C ledger?

 

[semperfrosty]

I wrote this nearly one year ago to the day--- And this is exactly what has happened. I boldfaced the important part for ya'll.

Great call,as usual.

 

[vanzandt]

change a verse in the Bible to say that Jesus turned water into Bourbon.

@themickey would find religion and be born again. PTL and pass the plate!

 

[vanzandt]

BTC has a vulnerability no other hard asset like gold or silver has.
IF, and it's a big IF, we get into an exchange with Russia or China, it's highly likely that will involve an EMP. What happens to BTC then? They say the block chain can't be hacked, but what if is?
For the record, never owned BTC, a bit of an agnostic as far as a "store of value". I don't see it ever becoming a common means of exchange for day-to-day goods and services.

An EMP blast would still be somewhat of a localized event. But there are those that say a certain type of solar flare could wipe out everything. I doubt that's true, but ya never know. Things would get pretty interesting if it did though.

 

[piezoe]

We can all rest easy. There is no possibility of anyone losing so much as a penny of their money deposited in FDIC insured US banks regardless of whether your particular bank is solvent or not. (Up to the limit of FDIC insurance of course, and we saw how that limit was miraculously increased during the Great Recession.) Now whether your money is safe from inflation is another kettle of fish.