Cryptocurrency; are you going to ride the wave or get wiped out? You may have heard the word Bitcoin or cryptocurrency and wondered what in the world is that? What I will attempt to do in this post is explain the whole concept to you in an easy to understand format and explain why, in light of end times Bible prophecy, they may be useful in the future, and how you could possibly benefit from them.
What is a Bitcoin or Cryptocurrency (Cryptos)?
Plain and simple Cryptos are a medium of exchange. Cryptos have been defined by some as a digital currency. And you may ask what is that? As they say, it is a currency that exists in cyberspace—let me give you an example that may help you understand this; many people have credit cards that issue reward points or reward dollars. These rewards are essentially a digital currency—only exist in cyber space--that you can use to purchase goods, services, or even with some companies redeem them for cash.
So essentially Cryptos are the same type of thing, they are a digital currency, that you can use to purchase goods, services, and redeem for cash. If you make electronic payments with your bank account you are essentially doing the same thing, except in your country’s currency. BTW; 95% of all money in the world is digital.
Why use Cryptos?
One of the reasons that so many people are getting involved in, and using Bitcoins or other cryptocurrencies in transactions, is because they see it as an alternative to their currency which is losing its value through its increasing supply. Increasing the supply of a currency brings about inflation, and inflation causes your money to be worth less.
Whereas by design Cryptos announce how many there will be and once that amount is reached for that particular coin no more will be made or released. For example there will only be 21 million Bitcoins created or should we say mined. Thus the currency supply for Bitcoin, once the 21 million are mined, will never be increased and thus their value will not be watered down through the endless creation of more of them as is the case with many fiat currencies.
What gives Cryptos their value?
The trust, usefulness, and demand people have for it. If people trust it, and can use it, then they may want it, and therefore it will have value established on the open market by how much someone is willing to pay for it. So the value is a pure reflection of demand. At this writing, one Bitcoin is worth about $9000 USD and one Litecoin about $150. Last year at this time Bitcoins were selling for about $1000 and Litecoins for about $4.
How can I use Cryptos?
There are many companies around the world that are accepting various cryptocurrencies for payment such as APMEX (a precious metals dealer), and Overstock.com. I have even heard rumors that Facebook and Amazon may be getting ready to accept Litecoin. You can also sell your Cryptos for USDs or other major currencies.
How can I get Cryptos?
First you have to select the crypto that you want to own, for there are many of them. Here is a link to a list of all the Cryptos ranked by their respective market capitalization. One of my favorites is Litecoin.
Once you have selected the Crypto that you would like to buy, you then need to obtain a digital wallet to store your Cryptos, which is free—just do a search for that coin wallet and you will see what is available.
After you get your wallet downloaded to your computer then you need to choose an exchange through which you can buy Cryptos. There are numerous exchanges that you can buy from, here is an article listing some of them; (Note: Most recommend having your own secure wallet for long term storage of your coins and not to store them on exchanges.)
One of the exchanges that I have used is Coinbase. Sign up at the link below, and you and I get $10 worth of Free Bitcoin. J
You can also mine for some Cryptos. Mining is the process whereby your computer solves complicated arithmetic problems and upon solving the problem you are awarded coins. Depending on the coin you want to mine efficient mining may require the purchase of mining hardware that will range in price from a few hundred dollars to thousands of dollars. Some coins can even be mined from your phone. Once you have your mining hardware you can download a simple program from a mining pool group and then you can start mining.
Another way to gain Cryptos is to trade them. Cryptos, due to their newness and fluctuations in demand can experience much volatility and huge price swings. This is not necessarily a bad thing if you know when to buy and sell. For example in December Litecoins went up to about $350, then they went down to about $200. So if you had 10 litecoins and you sold for $325 and then bought back in at $225 you would now have 14.4 Litecoins. A short time later it went back up to about $300 and then down to about $150. If you had sold the 14.4 Litecoins at $275 and bought back in at $175 you would now have 22.6 Litecoins. And that was only from two trades, if you were able to execute several successful trades over a year you would gain a substantial amount of coins.
The key to trading is knowing when to buy and when to sell. Fortunately Cryptos in the free market are for the most part following patterns, and if you can identify the pattern you will have a pretty good idea of when to buy and sell. Gold 2020 Forecast has been very accurate in identifying the patterns and provide trading information in their Cryptocurrency Index report. They publish several reports per week of which you can receive by purchasing a monthly subscription. Right now they are offering their Cryptocurrency Index report subscription at an introductory rate of $99 and for my readers are giving a special rate of 40% off. Use the Promo code: BIN40%.
Should I get involved in Cryptos?
That is your decision, and yours alone, and none of this article is to be taken as financial advice, but let me tell you why I got involved. The main reason I got involved was to have a hedge against what many economists have been saying for many years—that one day the dollar and other fiat currencies will crash. I see some Cryptos as an alternative form of a digital currency that may be used as a store of wealth to hedge against inflation and to hedge against the eventual collapse of the currencies of the world. Also if Cryptos catch on more than they already have, the value of Cryptos will naturally increase—so it also has the potential to increase your wealth.
BTW; here is what Trends Forecaster Gerald Celente is forecasting about Cryptos in 2018.
TREND FORECAST: Sharp crypto growth in 2018 will ignite from three areas: customized innovations by nations creating their own crypto currencies; the evolution of new technologies, making it easier to trade digital currencies; and launches of crypto futures trading exchanges by Cboe Global Market’s Futures Exchange, the Chicago Mercantile Exchange, Nasdaq, etc. https://trendsresearch.com/detail.html?sub_id=fe76317510
What are the risks?
If people lose trust in Cryptos, their usefulness declines, or their demand decreases, then their value will go down, and all or some investments could be lost. Also Cryptos are dependent upon electricity and the internet, without either they would cease to exist. But I think electricity and computers will be around for most of the world until at least the rapture, because they will need computers and electricity to run their mark of the beast system.
Note: In a prolonged grid down situation where there would be no electricity and internet, there would most likely also be no use of cryptos. In those situations cash or bartering is king. Precious metals--the oldest form of money--and other bartering items would be very useful—just ask the people in Puerto Rico. BTW; many think precious metals are poised for a major bull run, especially silver.
Are Cryptos a step toward a global currency and thus bad?
It will most likely be a technology that will be used by the globalists; but so is electricity, computers, the internet, RFID chips, cameras, scanners, cars, etc. Just because a technology or idea may be used by evil people does not make it bad. They do not need Cryptos to establish a global currency, there is already a defacto one now—an individual can already conduct transactions throughout the world.
The only elements they need to add to the current monetary system to bring about the mark of the beast system is to ban cash and require a chip in an individual’s hand or forehead in order to buy or sell.
So the mark system boils down to a matter of control of monetary transactions. Cryptos take control away from the PTB and gives it back to the people. And even though they may use the technology, I do not see Cryptos as a step toward the antichrist system, but a step away from it, because it takes control away from the PTB.
Some Cryptos are a form of digital currency that I think may provide a hedge against inflated collapsing currencies. There is also the possibility that they may go bust, or be outlawed, yet with so many individuals and businesses getting involved, that seems less likely by the day. Here is what was stated at a Senate Crypto currency hearing on 2/6/2018.
In doing so Warner offered a bullish vision. “The potential writ large amongst crypto assets and the underlying blockchain could be as transformational as wireless was years ago. I think we’re going to need a much more coordinated effort,” Warner said.
All told, the hearing was far from apocalyptic for regulationphobes. While it’s clear that the CFTC and SEC have only scratched the surface of the kind of rule sets they’d like to put in place, their plans appeared to be overwhelmingly focused on protecting consumers from threats like rampant ICO “fraudsters” and unsafe exchanges rather than discouraging growth. For anyone interested in the long-term health and viability of virtual currencies, that should come as good news.
Let me also reiterate that after the abomination of desolation occurs and Seal 5 is opened, that no one will be able to buy or sell without the mark of the beast. Cryptos may offer a way to transact business without taking the mark, but then again, maybe not, time will tell. I still view the ultimate hedge against collapsing currencies and the coming mark of the beast system as gold and silver—which is one of the oldest forms of money in existence.
I may be wrong but the way I see it is that Cryptos are a currency for the people of the world who are sick and tired of the world’s private central banks stealing their wealth through currency devaluation schemes. That is why I believe the central banks hate Cryptos, because it threatens their very survival.
Greenspan said Bitcoin is a bubble. I believe he is wrong, I believe the exact opposite is true, the dollar is a bubble because of the massive amount of debt and money printing, it and the other currencies of the world will one day collapse as the Bible predicts (Seal 3).
And it will not be the fault of Crypto currencies when the currencies of the world collapse, because the world currencies are already collapsing, it will be the fault of those at the top. And let me remind you that it is the world banks that are at the forefront of the coming New World Order and they do not like Cryptos, so what does that tell you?
When the currencies of the world collapse they are going to create a new monetary system in which one must bow down to their leader—the antichrist—and take their mark in order to buy and sell. The question is what are you going to do when that time comes? Are you going to bow down, or are you going to try and live free of their system--of course no true Christian will bow down to them but will trust in the Lord to prepare now and provide until the rapture occurs.
So I see Cryptos as a currency for the people by the people, and in my mind a vote for Cryptos by joining in, is a vote for yourself and the return to a currency free from inflation and the control of the PTB. Another reason that I like some Cryptos is because they do not have satanic symbols on them like the USD. I also see Cryptos as a possible way to conduct transactions after the mark of the beast comes about.
In the future, countries and banks may try to take actions against crypto currencies but how successful their efforts will be is yet to be seen. Crypto currencies are growing in demand and use by the day and it appears that they have the potential to be the future money. And if they are the future of money, then the quicker you get involved, the better. The wave is building, are you going to ride it or get wiped out by it?
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William Frederick is an end times Bible prophecy researcher who has written a must read prophecy book entitled The Coming Epiphany which is available in paperback and for the Kindle on Amazon.com.
He has also cracked the hidden codes on the dollar bill that have staggering implications which are explained in his book The Dollar Code; also available in paperback and for the Kindle on Amazon.com.