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BITCOIN Just Blew Through $1,900 to Hit a New All-Time High

UPDATE: As of 9:20 am CDT on May 19, Bitcoin is trading at $1960 USD.

by SGT, SGT Report:

Bitcoin hit a high of $1,918 USD according to real time data on Coinbase Thursday night, before pulling back to $1,902 at the time of this posting. The granddaddy of cryptos has been on a tear today, rising 5% or $90 USD. Bitcoin is up $690 USD over the past month, a 57% increase in just 30 days.

There remains several schools of thought on the crypto currencies, and Bitcoin in particular. About a year ago I became vocal about the potential rise of Bitcoin back to stratospheric levels and advised listeners to consider taking a small, speculative position in Bitcoin as a hedge against inflation, and as a gamble on the potential for the crypto to hit new all-time highs. Which it has, and then some.

Clif High’s web bot project predicted the current rise of Bitcoin, and if memory serves, this leg of the rise is predicted to go just slightly north of $2,000 USD. Then, if web bot data proves accurate, one can expect a massive retraction, possibly as much as 50%, before Bitcoin once again continues the march to brand new all-time highs — with web bot data indicating an ultimate price north of $10,000 USD (a price that most certainly suggests the beginning stages of hyperinflation of the US Dollar).

For critics who continue to demonize and doubt the viability of Bitcoin, the evidence may now be tipping against them. In late May, Japan announced that Bitcoin would be accepted as a legal payment method beginning on April 1, 2017. And on May 11 Coin Telegraph reported that Australia will recognize Bitcoin as money and protect Bitcoin businesses, while exempting the crypto currency from goods and services tax.

We continue to cover the crypto currencies which appear to be impervious to the criminal element on Wall Street that use the Comex to create unlimited amounts of DIGITAL precious metal to cap the prices of PHYSICAL silver and gold –  metals which have been REAL money for more than 5,000 years.

As I stated above, there remains two prevailing thoughts about Bitcoin:

1. It’s a fantastic opportunity and it represents the future of decentralized money. 

2. It’s a con, a Ponzi scheme – a new Tulip bubble meant only for the greater fool.

So far, camp #1 is in the lead. And it’s a lead that continues to grow.

Here are two new videos from You Tube producers we respect, representing group 1 and group 2.

WannaCry Ransomware Virus Is a Globalist False Flag Attack On Bitcoin – Jeff Berwick

BitCOiN and Ransomware – Chris Duane

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

39 comments to BITCOIN Just Blew Through $1,900 to Hit a New All-Time High

  • Craig Escaped Detroit

    No matter what opinion we may have about bitcoin, I do believe it must be making Bernanke, Yellen, Blankfein, Dimon, and other “fat cats” quite nervous as a freely traded, market indicator of the Dollar’s WEAKNESS.

    My “gut” tells me, that this summer, will be our final, easy/good season before the SHTF. The slower it arrives, the more time we have for prepping.

  • Eric

    If camp #1 is “in the lead,” it is not because it can be measured in USD or FRN’s…

    https://fred.stlouisfed.org/series/BASE

    Wake me up when the U.S. Corporation recognizes Bitcoin as “money.”

    • videoctr

      I look to Ethereum protocol for global scale adoption: US Corporations, banks and governments are recognizing the Ethereum blockchain potential. There are over 327 Ethereum projects in development, as well as Ethereum exchanges coming online. Should Ethereum’s market capitalization reach a trillion dollars, as a result of project implementations, the Ethereum token will be priced at $10,000. Blockchain technology is creating a paradigm shift leading to a 3.0 enabled web. Peer-to-peer transactions in a decentralized network. Because of this shift, the proverbial genie is out of the bottle. Everything in business transactions is going to change, because there is huge savings both in time and money when transacting in this new model space. Ethereum is not just a token, it’s a network protocol that adds value to all who are involved.

      Just an opinion.

  • Rdawg

    Government treasuries all over the world are accumulating Bitcoin; because Bitcoin is money.
    Central Banks all the over the world are accumulating Bitcoin; because Bitcoin is money.
    Big banks are accumulating Bitcoin; because Bitcoin is money.
    The world’s wealthiest investors are accumulating Bitcoin; because Bitcoin is money.

    Hang on a second, let me put down my bong…

    Now what was I saying, again?

    • SGT

      It’s about time you put down the bong Rdawg. Just say no. As for Bitcoin, it may not be “money” but it has made me money. Although I’ll tell you guys this, if you look at the “unconfirmed transactions” now for Bitcoin it tops 220,000….! The BLOCKS ARE FULL… the blockchain is too cumbersome to process the GROWING demand. I think THIS is why Bitcoin will likely do what Clif High predicts, top out at $2200-2300 and then plummet back to… a lot lower. Then it will fork, or some other fix will be implemented – and then it may resume the climb to 10,000 USD… but on this leg up, I’ll sell half at $2200-2300.

      https://blockchain.info/unconfirmed-transactions

      • fonestar

        “Bitcoin Core” developers are economically clueless. They don’t even seem to think that the transaction backlog is a big deal. What’s worse is that some of them might be banker plants who are deliberately trying to run Bitcoin into the ground.

        That’s why I support “Bitcoin Unlimited”. But I will be the first to admit that they’ve pulled some unwise maneuvers too, submitting closed-source, unsigned code.

      • Eric

        Define “money.”

      • willygroper

        don’t get mad…just imo you been had. take the money & run.

        https://siliconangle.com/blog/2014/08/12/did-the-nsa-create-satoshi-nakamoto/

      • Rdawg

        It has made you FRNs Sean. Have you cashed out of the BTC and obtained real money? If not, you haven’t made jack.

        Look, if you’ve earned a little currency by speculating on BTC, good for you. But one of the reasons I was drawn to this site many years ago is that I thought you had an understanding of what money is.

        Sadly, you seems to have drunk the Kool-Aid. BTC may be a lot of things, including a hot “investment” right now, but money it most certainly is not.

        If anything it’s a tech stock. Remember Pets.com?

        • Eric

          It’s sad Rdawg how quickly greed takes over and people forget.

          The human race is just not that smart these days.

          They would rather case $$$ than real tangible wealth.

          • Rdawg

            Bubbles grow and pop; always have, always will. BTC is no exception.

            I have no beef with people trading Bitcoin; what do I care?

            But this idea that it has value, or worse, that it’s money? I thought SGT was more enlightened than that.

            Oh well. Now that spring’s here, I should be spending more time building raised bed gardens and working around the house rather than reading comments and allowing myself to get drawn in to stupid flame wars anyway.

            • Eric

              I agree. There are way too many idiots distracting us productive knowledgeable people from getting ahead.

              Scored a free greenhouse from my neighbor yesterday. Well, not free completely. It cost me one can of beer. lol.

              Needs some work and some help but fits perfectly in the spot I had for it.

              In 3 months I’ll be harvesting a good percentage of my food from the backyard while mike is still digging in the mud looking for something to eat.

        • mike

          Oh Rdawg….Btc is the future pets.com is just a store lol. Btc will go up and down just like PMs go up and down the difference is BTC is Money and the future and pms are just an asset and will never be money again.They can not work in a modern world. They can not spend and are not divisible without digitizing them. In order to that you would have to set up a massive bureaucracy of bullion, settlement banks ect and all the pms would be concentrated in just a few areas making them easily manipulated and controlled by gub forever. You support massive banking cartels then go with pm backed digital currency. You support freedom from all things gub and deep state support Btc.The world is moving forward not backwards my Dawg.

          • Eric

            “The world is moving forward not backwards my Dawg.”

            That is certainly debatable. Especially when there are so many morons moving away from real tangible wealth and into worthless pyramid schemes like bitcoin.

            mike is an early adopter of stupidity.

  • fonestar

    I just deleted my blocks and chainstate, so I will not be tempted to use or spend any Bitcoin as it goes into the stratosphere!

  • videoctr

    Ethereum is at $111.00.

  • john

    how much has silver and gold dropped,since 2011 and how much has bitcoin risen?

    • Eric

      Measured in what?

      • mike

        The only true measurement Purchasing power….2011 1 oz of silver could purchase a few btc.
        Today 1 btc can purchase 121 oz’s of silver.

        • Eric

          Well then, I am glad I already got all my Gold and Silver and reached all of my stacking goals so I didn’t have to waste time trading worthless tech stocks like Bitcoin.

          You might not know it mike, but there are other things to trade besides cryptocurrencies.

          • mike

            Right but you missed the boat on btc..in 6 years btc purchasing power to silver has gone up 12100%. In 10 years you will be forced to sell your your pms for .00000000000001 Btc. That is assuming you have at least 500 oz of gold and 100k ozs of silver. Once the dollar dies the entire word will run perfectly off of btc.

            • Eric

              That’s okay. You missed the boat on brains. Which one is worse?

              What books do you read again?

              You might want to check your math. And your history books for that matter.

              In 10 years, you will be dead from stupidity. Or scrounging in the muck for clams all the time since you can’t buy food with bitcoin.

              Once mike is gone, we can advance as a human species once again since we won’t have to hear his dumb shit and pathological lying all the time.

  • Eric

    MISHNAH. GOLD ACQUIRES SILVER, BUT SILVER DOES NOT ACQUIRE GOLD; COPPER ACQUIRES SILVER, BUT SILVER DOES NOT ACQUIRE COPPER; CANCELLED COINS ACQUIRE CURRENT ONES, BUT CURRENT COINS DO NOT ACQUIRE CANCELLED COINS; UNCOINED METAL ACQUIRES COINED, BUT COINED METAL DOES NOT ACQUIRE UNCOINED METAL; MOVABLES ACQUIRE COINS, BUT COINS DO NOT ACQUIRE MOVABLES. THIS IS THE GENERAL PRINCIPLE:10 ALL MOVABLES ACQUIRE EACH OTHER. E.G., IF [A] DREW INTO HIS POSSESSION [B’S] PRODUCE WITHOUT PAYING HIM THE MONEY, HE CANNOT RETRACT. IF HE PAID HIM THE MONEY BUT DID NOT DRAW INTO HIS POSSESSION HIS PRODUCE, HE CAN WITHDRAW. BUT THEY [SC. THE SAGES] SAID: HE WHO PUNISHED THE GENERATION OF THE FLOOD AND THE GENERATION OF THE DISPERSION,11 HE WILL TAKE VENGEANCE OF HIM WHO DOES NOT STAND BY HIS WORD. R. SIMEON SAID: HE WHO HAS THE MONEY IN HIS HAND HAS THE ADVANTAGE.12

    GEMARA. Rabbi13 taught his son R. Simeon: Gold acquires silver. Said he to him: Master, in your youth you did teach us, Silver acquires gold; now, advanced in age, you reverse it and teach, Gold acquires silver. Now, how did he reason in his youth, and how did he reason in his old age? — In his youth he reasoned: Since gold is more valuable, it ranks as money; whilst silver, which is of lesser value, is regarded as produce: hence [the delivery of] produce effects a title to the money. But at a later age he reasoned: Since silver [coin]…

    is current, it ranks as money; whilst gold, which is not current, is accounted as produce, and so the produce effects a title to the money.

    R. Ashi said: Reason supports the opinion held in his youth, since it [the Mishnah] teaches: COPPER ACQUIRES SILVER. Now, should you agree that silver ranks as produce vis a vis gold, it is well: hence it states, COPPER ACQUIRES SILVER, to show that though it is accounted as produce in relation to gold, it ranks as money in respect of copper; but should you maintain that silver ranks as money in respect of gold, then [the question arises:] If in relation to gold, which is more valuable, you say that it ranks as money, is it necessary [to state so] in relation to copper, seeing that it is both more valuable and also current?1 — It is necessary:2 I might have thought that the [copper] coins,3 where they do circulate, have greater currency than silver:4 therefore we are taught that since there is a place where they have no circulation,5 they rank as produce.

    http://www.come-and-hear.com/babamezia/babamezia_44.html

  • CAJUN

    Sorry all you Pro Bit-boyz, I am with Chris Duane on this one! I’ll keep stackin’!

  • glitter 1

    Here is my perception about BTC:
    Many may not be old enough or around during the late 60’s/early 70’s during which time there was the craze of Chain Letter Ponzi Schemes.One or more persons would start it by sending out a chain letter stating that if you joined for lets say for $10 you would be on the ground floor for untold future profits/wealth.However,you had to send the chain letter to at least 10 or more individuals and as the pyramid scheme/money pot grew the greater the interest/excitement/hysteria surrounding it grew.The hysteria grew to the extent that people were renting out Holiday Inn Banquet Rooms for rallies in order to keep the signup/hype going.
    The intrinsic value of the chain letter was the size of the pot and the “potential unlimited numbers of suckers” in signing up.The pot grew and grew until the early entries cashed in and the endless supply of new signups required collapsed thereby ending the chain.
    Yes, the early signups did make the money then the people at the tail end when the ponzi collapsed were left holding the empty bag.

    Yes BTC has grown exponentially and yes the early entries have made/are making money.The intrinsic value of BTC is the total/future participation of unsigned suckers to keep the ponzi going.However,BTC does have a great advantage over the limitations of old Chain Letter Ponzi Schemes of the past,today it’s called the internet,social media,which opens up/collectivizes a potential global sea of suckers to recruit.

    BTC.the NEW Age equivalent of the old Chain Letter Ponzi/Pyramid con?
    Is it to good to be true?
    Is BTC an honest legitimate digital replacement to Global Fiat Currencies?
    Is digital BTC/crytocurrencies an honest/safe/fail safe vehicle to get around the established Global Elite Tax Enslavement Paradigm or is it a herding tool to prepare/introduce the unaware for a global digital currency?

    I’m old enough to have learned that if something is too good to be true,it most likely isn’t.

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