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Silver Manipulation and Bitcoin.. Any Connection? Please share your thoughts.

So If you read my past posts you will see I am a huge Bitcoin advocate. However, just because I like Bitcoin doesn't mean I dont have my suspicions about it. Today while I was "Meditating" and thinking about the Craziness over the past 2 months in the Bitcoin Market a thought came to mind.

Physical Silver Demand has gone through the roof this year, I believe the demand is the highest it's ever been. The US mint had to even cancel production a couple of times because they sold out of Silver Eagles so fast.

We know they're huge Naked short positions and other derivatives driving the price of Silver down. Basically the physical silver market is being manipulated by the paper market. However markets are only manipulated for so long and so far until the scam is revealed. The revelation occurs when investors believe that the amount of silver their paper certificates say they are holding do not correspond with the amount of physical silver available. At this point a massive panic into physical Silver kills the manipulation because Vaults are being emptied and exchanges are now charging huge premiums. Demand for paper silver is crushed and at this point silver has broke away from it's paper market manipulation. The new Silver price is the physical price. Due to the laws of Supply and Demand the new physical price gets exponentially catapulted higher because its physical supply has been concealed for so many years by paper deception.

So what do we know? We know that central bankers rely on a corrupt system that thrives by suppressing Gold and Silver prices. We know that the demand for physical silver was higher than ever threatening to reveal their price manipulation. We all know the extent Bankers will go to keep their paper Ponzi scheme alive. This is a system that literally extracts huge amounts of wealth with very little effort from masses into the hands of a few. If they felt that anything threatened their evil little system they would literally kill for it (ask Libya and Iraq).

Exposure of their silver paper ponzi scheme could have severely crippled their Paper dollar FIAT system. JPmorgan would be bankrupt overnight if they had to cover their silver short positions. So it was time for them to drive the price down but how? The manipulators were at a point where they couldn't create any more derivatives without risking the revelation of their Scam. So what to do if you're an evil little central bankster?

If I were one of these evil fucks, Id come up with a scheme to distract investors from buying up physical silver. The idea would be to kill the Demand that was starting to reveal their Scam. Sounds simple but how do you do this? Well, Buy up Bitcoin and create a huge Media buzz to divert investors who normally would have bought Silver to now purchase Bitcoin i.g. Max Keiser. Just a few months ago he's screaming" "Join the Silver Liberation Army; buy physical silver and crash JPMorgan!" and now screaming "I'm a Bitcoin Millionaire!" I have to admit that I myself have even thought about selling some of my Silver for Bitcoin and I'm sure many other have as well. I can say without a doubt I have bought less silver because of Bitcoin and again, I'm sure so many others have as well.

This is all conspiracy theory but I really dont put anything past these fuckers. Lets say this Bitcoin run up was all part of some master plan? What did this cost them? A billion dollars maybe? In a world where trillions exist? In a world where Bernanke can create a billion faster than he can fart? and whats the result of this Billion dollar run up? Well they killed the demand for physical silver delaying the inevitable collapse of their scheme. A Billion dollars seems like a small price to pay to keep their dollar paper Ponzi Scheme alive.

By the way I still love Bitcoin, Its freaking ingenious. However, I wouldn't put it past these evil shit heads to manipulate Bitcoins to further their game. I think they do so with an incredible risk but who knows what they have up their sleeves.

I still say have Bitcoins, Have Silver, Have Gold.
Before that though always have your basic life essentials covered.


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When an argument relies on

When an argument relies on "evil" as a central point, I tend to ignore it. People... ALL PEOPLE... act in terms of self-interest. Same goes for "banksters". It reveals reliance on collectivist ideas.

Reading comprehension problems

The fact that there are evil banksters is far from the main argument I'm making.

measure bitcoin and silver on the same graph

If you want to try do any analysis of bitcoin prices and silver prices on the same graph, you can check out the site I work with:

Seem to be very inversely correlated over last quarter.

Disagree with youre

Disagree with youre assumption that silver money went to Bitcoin. Silver holders dont typically dump something physical for something imaginary. Theyre smarter than that. You also trust the value of Bitcoin. Someone here witnessed the systematic manipulation of the Bitcoin price:

Disagree all you want

But you are wrong...

Especially if your pointing at information from that scam artist and complete moron Chris Duane.

Take the Daily Paul for Example:

Telling gold bugs about bit-coins is a very difficult thing to do.

People buying silver and gold will keep buying silver and gold. Specially silver at such an amazing price.

Sure maybe your thesis is right- in terms of having bitcoins as a distraction. But seriously man, most people are skeptical of bitcoins to begin with (not to mention how many people have no idea of what they even are).

For someone to invest in Bitcoin at these prices (would even argue- at any price), they would have to have crossed an intellectual threshold that does not come about over night.

If anything I would argue for the opposite of your conspiracy theory: I think the skyrocketing price of bitcoin is leading people more towards precious metals- specially silver.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Thomas Jefferson regarded

Thomas Jefferson regarded paper as the ghost of money. He'd be laughing today at people who are literally soliciting ghosts. Keep the attacks coming. It feels splendid to be a modern day Thomas Jefferson in a den of vipers and thieves.


Sorry buddy, your are definitely seeing ghost (figuratively [I hope]). No one is attacking you... or your idea of "your group."

If you have a problem with competing currencies; that's your problem. If you do not understand bitcoin (which you obviously don't- although I bet you swear you do)- that is also your problem.

Your argument is a b.s. cop-out by using a figure of intellectual authority.

To compare bit-coin with paper money just makes you look really bad to any one who actually knows about what you are trying to talk about.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

What if someone with

large pockets, (it doesn't even have to be jpm) is in the process of a "pump and dump?" 9 out of 10 people have no clue what bitcoin is, yet it is out preforming everything.

I can see this scenario, unregulated currency not being in the best interest of private individuals see the opportunity to do something about it.

They pump what would be an awful lot of money to the average person, but is couch change to them into this unregulated currency, then convert it back to frn's when the time is right, leaving everyone else with their hand in the jar.

Before you know it, people lose trust, and some may even look for an "authority" figure to find out "just what happened?!"

conjuncture of course

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James


9 out of 10 people have no clue what bitcoin is but I would say those who are invested in it know what it is.

But Pump and dump is a real possibility... but there will still be those that use Bitcouns regardless of the dollar price. Them pumping up the price risks Bitcoin gaining in so much popularity that it becomes an independent Currency and the dollar obsolete.

They can manipulate markets but not Bitcoins. If people will value and use Bitcoins as currency then it wont matter if they pump and dump or how volatile the price is in dollars because people will not want dollars.

What about those who

lost 90% of their initial investment? Do you really think if that scenario played out, those who lost nearly everything they put in would continue to use it?

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

I hope and many bitcoiners hope...

that your pump and dump theory is true... so we can buy more at cheaper prices!!!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Yes, but

many people who put their $ into it while it was at $70, $80, $90, $100, or even $115 will not feel the same way. They will feel cheated, and they will want answers. And the media storm that follows would be devastating. Bitcoin is not like a commodity, once a certain amount of trust is eroded, the bottom could fall out and never return, just like everything else based on trust.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Bitcoin will always be useful

Bitcoin will always be useful no matter what the price. It was useful when it was worth pennies and is just as useful worth over 100 bucks. Especially in the black market / gambling industries. Merchants can always accept them using services like Bit-Pay and have no exposure to market volitality.

I don't think

you understand my view. I am not saying bitcoins will lose their purpose, or that everyone will leave them. What I am saying is that if there were a pump and dump in the process (pure conjecture of course) many people will lose confidence and the use may not be as broad, perhaps limited like you said to people who are involved in the black markets.

In the end, I hope this scenario remains just that, a scenario.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

bump ME TOO

I was just thinking about this too! I like your post. Thanks for typing it all up.