Conversion Silver Shield: Exit Bitcoin, Embrace Silver
Chris’ new round, Conversion, is a clarion call to all bitcoin holders to jettison their bitcoin “castles-in-the-air” and safely land on the rock solid mountain of physical silver while they can. The volcanic volatility of bitcoin is mind-boggling. It is like watching a vehicle spinning out of control and knowing the outcome will be death and destruction. If you just check the bitcoin prices for the months of March and December, over the last 10 years, you will get seasick. The bitcoin bubble cannot sustain itself much longer. It’s time to run for the hills!
Bitcoin sells a dream so well that people ignore the obvious red flags right in front of them.
The attraction to bitcoin is befuddling, and mind-boggling as well, as it continues to draw gullible people into its lair. So, let’s take a closer look at this phenomenon. Most people are familiar with the term, “smoke and mirrors”. They also understand the meaning behind the sayings, “It’s just an illusion” or, “There’s a sucker born every minute.” How is it that bitcoin literally defines these admonishments and yet people continue to buy it? The answer? It must be outright stupidity because the facts couldn’t be more clear? Bitcoin is the ultimate illusion, shrouded in smoke and mirrors and designed specifically to trap greedy suckers.
And to make matters worse, the risk involved is monumental. Unlike every other form of currency, bitcoin is nothing, represents nothing and is based on nothing. It is literally just numbers written on a cloud of vapor with invisible ink. And yet delusional people continue to buy it as though it's real and as though the “gravy train” will never end.
History shows the same pattern again and again: massive excitement, blind buying, and then the fall.
Heck, we should all know that,“all good things must come to an end”, because we know they do! Just look at the list of burst bubbles starting with the 17th century Tulip Bulb bubble; the Mississippi bubble 1719; the South Sea bubble 1720; Railroad bubble 1873; Stock Market bubble 1929; Black Monday bubble 1987, and more recently the dot.com bubble 1995; Beanie Baby bubble 1999 and the US Housing bubble 2008. Not to mention the fact that bitcoin buyers have already gotten burned twice in its short lifespan.
Don’t bitcoin bubbleheads remember the bitcoin bubble crash in 2018 when bitcoin experienced a severe correction losing 80% of its value that year? Or the 2022 bitcoin crash when prices dropped 65%, from $47,000 down to $16,000 in just one year? This month saw another pullback. Bitcoin is a crazy roller coaster ride where no one is wearing seatbelts, not an investment. It’s time to get out!
This is the hard truth: silver is real value you can hold—bitcoin is a belief system that can break overnight.
Just the fact that bitcoin is not backed by anything of value - not silver, gold, or even the “full faith and credit” of a country, should be enough to warn people away from it. But, just like an addict, buyers keep coming back to score another fix, which is probably why so many drug cartels use bitcoin. They are in their element.
To those of you who can still see clearly, trading bitcoin has simply become a new form of gambling. As Samuel Goldwyn, Jr. said, “Gambling is the very embodiment of greed.” Just looking at the way the bitcoin buyers behave, their greed is so excessive that it mimics idolatry. It has literally become their god. The bitcoin craze is proving the old proverb to be true, “fools rush in where angels fear to tread."
No Accountability, No Recourse, No Safety Net
What makes this form of gambling more insidious is that unlike traditional gambling casinos, if you screw-up or feel you were cheated, there is no one around to hold anyone accountable. No one! There have been bitcoin boneheads who have simply forgotten their password and lost millions because there’s no recourse to rectify the situation and there’s no one to appeal to for redress either. Poof! Your delusional digits of wealth just disappear.
Bitcoin literally lurks around on the internet snatching up flies like a spider in its web and yet buyers continue to voluntarily walk into its trap like zombies. The attraction to bitcoin is similar to those who were mesmerized by Count Dracula. All the warning signs are there - the cloak, the fangs and the insidious smile and yet his victims continued to ignore the obvious and voluntarily became his prey. Bitcoin buyers should take a deep breath and step back because,”If it looks too good to be true, it probably is.”
Chris’ new coin, Conversion, is reminiscent of those who finally “saw the light”. Those ancient people who converted from the wickedness associated with idolatry and returned to the safety and security of God. Today, we are watching history repeat itself once again.
Convert While You Still Can
So, heed Chris’ warning. It’s time to, “Get out while the getting's good” and reject the beast of bitcoin and embrace the spirit of silver.
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