March 15, 2018 - Health Ranger - Mike Adams
10:29
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| Mike Adams. | |
| The climate change alarmists have brainwashed the entire public into thinking that every weather event is now caused by climate change. | |
| The Health Ranger Report. | |
| Every time it rains, they call the weatherman. | |
| Was it climate change? | |
| It's insane. | |
| It's time for the Health Ranger Report. | |
| And now, from naturalnews.com, here's Mike Adams. | |
| People are being suckered into Bitcoin, having no idea the risk that they're taking or the fact that most of them won't ever be able to sell their Bitcoin for cash. | |
| This is Mike Adams, the Health Ranger. | |
| I am pro-Bitcoin, by the way, in terms of what it does. | |
| It's a cryptocurrency, a distributed peer-to-peer blockchain-based system. | |
| It has huge advantages versus central banking. | |
| The central banks are dishonest currency counterfeiters, all of them, without exception. | |
| Bitcoin is a more honest system of exchange. | |
| And it's more efficient in terms of making certain types of transfers and having low fees for transferring funds around and so on. | |
| So Bitcoin has some very important advantages. | |
| But most people are not technically literate. | |
| They don't understand what is a blockchain. | |
| They don't understand a distributed ledger. | |
| They don't understand what is mining Bitcoin. | |
| They don't understand what a Bitcoin is. | |
| They're confused by the word coin. | |
| Where are the coins? | |
| Where'd they go? | |
| Someone hiding the coins? | |
| You see? | |
| They don't even know. | |
| As a result, They don't understand that it's very easy to get into Bitcoin. | |
| You can always trade dollars for Bitcoin, but it's almost impossible to get out of Bitcoin when the panic selling begins. | |
| In fact, it will be impossible for most people. | |
| Only a few will get out. | |
| That was just a very interesting example of this. | |
| I was looking at the Bitcoin sales volume, you know, trading volume the other day on Bitfinex, and I noticed that there was a drop from about $2,245 to $2,100 something. | |
| It was a drop of, I think, about $80, 80 points. | |
| And this drop occurred when there was a selling volume during that time period of just 1,000 Bitcoins. | |
| Now, 1,000 Bitcoins, you might say, well, that seems like a lot of Bitcoins. | |
| It's worth about a little over $2 million right now, as of this moment when I'm recording. | |
| Who knows what it'll be tomorrow because it goes up and down, you know, 10% every hour, it seems. | |
| But that's a little over $2 million. | |
| Now, by people selling just $2 million worth of Bitcoin, which is a tiny amount in terms of comparison to dollars or stocks or currencies and so on, By just selling $2 million worth of Bitcoin, the price plummeted 80 points, which represents a significant drop out of its price. | |
| I think it was like $2,200 and something. | |
| It dropped 80 points from just selling 1,000 Bitcoins. | |
| Now 1,000, or yeah, 1,000. | |
| It's a very tiny fraction of the total number of Bitcoins in circulation, by the way. | |
| There are currently a little over 16 million Bitcoins in circulation. | |
| And the shocking thing is that every person who owns any of those 16 million Bitcoins, they each think that they all have Bitcoins that are worth the current maximum price, which is $2,200 and something. | |
| So there are 16 million coins. | |
| Every person thinks they have coins that are all worth $2,200, and they all suffer under the delusion that That they can instantly convert those coins to cash by selling them for dollars or euros or whatever currency that they're operating in. | |
| That is a delusion. | |
| Absolutely not true. | |
| Because the minute people start to get out of Bitcoin in large numbers, the price plummets. | |
| As I just explained, someone sold a thousand Bitcoins, the price dropped $80 per Bitcoin. | |
| That's just a thousand bitcoins. | |
| That's one one-thousandth of a million bitcoins, which is one-sixteenth of the total number of bitcoins in circulation, which is 16 million plus, plus some change. | |
| So we're talking one sixteen-thousandth of the bitcoin supply was sold and it caused the price to drop $80 out of $2,200. | |
| That's huge! | |
| And what that means is that If someone tried to sell, let's say, 5,000 Bitcoins, you know, the price might drop $400. | |
| Or if someone tries to sell 10,000 Bitcoins, the price might drop $800. | |
| You see where I'm going with this? | |
| Let's say someone dumps 20,000 Bitcoins. | |
| Would the price plummet, you know, $1,500, $1,600? | |
| It certainly could. | |
| And that's not difficult for central banks to do. | |
| So if you don't understand that central banks are covertly buying up Bitcoin to amass a large amount that they can sell into the market to crash the Bitcoin system, then you're not living in reality. | |
| Central banks see Bitcoin as their enemy. | |
| And because they can create unlimited fiat currency money, there's no question that they are creating money, printing money, to buy Bitcoins so they can sit on the Bitcoins and strategically time a massive panic sell-off to accelerate a crash of Bitcoin in order to discredit cryptocurrencies and shore up their monopolies of central bank fiat currency creators. | |
| Make sense? | |
| I mean, if you ran the central bank, And your job was to defend your monopoly. | |
| That's probably what you would do if you had any brains and no ethics. | |
| Which is the way they are. | |
| They're smart, but they're not ethical. | |
| So what does this mean for you? | |
| Well, have you ever tried to sell Bitcoins? | |
| I mean, if you own them, Most people own them and they sit on them and they just watch them go higher and higher and they think this is awesome. | |
| They think they have money in the bank. | |
| It's not money in the bank. | |
| And the way you know that is by selling Bitcoins and trying to convert it to money in the bank. | |
| I dare you. | |
| Sell your Bitcoins or like if you've got multiple Bitcoins, sell one Bitcoin, whatever. | |
| Half a Bitcoin. | |
| And have it cashed in to be money deposited in your bank. | |
| You will find out something very fascinating. | |
| It is difficult to sell Bitcoin. | |
| First of all, a lot of these online wallets, such as Coinbase, which is totally dishonest, they actually eat your Bitcoins. | |
| They will freeze your accounts and deny you access to them, effectively giving them control. | |
| Coinbase, if you try to sell your coins in Coinbase, they will suddenly ask you for your social security number, your name, your address, and a copy of your driver's license, ID, all kinds of stuff. | |
| Yep, that's Coinbase for you. | |
| So you can buy Bitcoin all day long anonymously, and they're happy to sell you Bitcoin because they're making money on all the transactions. | |
| But the minute you try to sell the Bitcoin and get cash, they put up a brick wall. | |
| And all of a sudden, they're going to report you to the IRS. They're going to share data with the government. | |
| All of a sudden, they're going to have your ID. It's not private anymore. | |
| If you didn't know that about Coinbase, then it's probably time to get out of Coinbase. | |
| Now, the other thing that people don't realize is that the transaction ledger, the mining and the transaction verification process is very, very slow. | |
| Now, because Bitcoin has such a large ledger and the trading volume is so high that the computational infrastructure that's been in place cannot really keep up. | |
| And so, if you're not willing to pay a lot of money to have your Bitcoin transaction confirmed, then you're going to wait a very long time, days in some cases. | |
| You could literally wait days. | |
| So, When you're trying to sell Bitcoin, if you think it's like stocks, stock shares, where you can call your broker and say, sell Intel or whatever, and they have it sold in 15 minutes or less, right? | |
| That's not the way Bitcoin works. | |
| You can issue a sell order for Bitcoin or a transaction, let's say, to send it to someone who's going to give you cash, and that person may not receive the The confirmation of your Bitcoin transaction for days. | |
| And if you want to make it happen more quickly, you have to add a lot of money, a transaction fee, to the amount being transferred. | |
| Which is exactly what regular banks do anyway. | |
| And it shows that Bitcoin really doesn't have much of a huge advantage over regular banks when it comes to the fees associated with transferring money. | |
| So these are some things you need to know. | |
| It's very difficult to get out of Bitcoin. | |
| It's very easy to get into Bitcoin. | |
| And that's why a lot of Bitcoin sites are always talking about, buy Bitcoin here, buy it here, buy, buy, buy. | |
| You never see sites saying, sell your Bitcoin here, or very rarely. | |
| And these are signs of a bubble, of an irrational bubble. | |
| So again, in summary, Look, I'm pro-cryptocurrency. | |
| I understand the technology behind it, and I understand why decentralization of the money supply is a very important thing. | |
| And I also think that Bitcoin could, by the way, go to $10,000 a coin or higher as global fiat currency systems start to fail. | |
| So I'm not saying that Bitcoin is a scam or anything. | |
| It's not. | |
| It's a cryptocurrency, but it's got... | |
| If you try to sell Bitcoin, you'll discover those issues very, very quickly. | |
| So thanks for listening. | |
| Be safe. | |
| Be careful. | |
| Diversify your assets. | |
| That's my advice. | |
| Thanks for listening. | |
| Mike Adams, The Health Ranger. | |
| Take care. | |
| Learn more at healthrangerreport.com Support our films for humanity. |
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