Alex Jones is cointelpro controlled opposition. He is owned by the media companies. Go check out who owns him! Who does he work for; who is that company owned by?
1) Most people buying bitcoins have no use for bitcoins (just like tulip bulbs),
This is a flat-out lie. It is incredibly easy to find a use for bitcoins. JUST USE GOOGLE, DUMMY. Comparing BTC to tulips is laughable at best, considering the fundamentals and use cases are absolutely nothing alike. BUT HEY ALEX, WE CAN PRETEND THEY ARE ALIKE, RIGHT, AND THE "SHEEPLE" WHO WATCH "ALTERNATIVE MEDIA" WILL BELIEVE US? DON'T TELL ANYONE OUR LITTLE SECRET.
and 2) The rapid increase in bitcoin valuations cannot be substantiated in any way that reflects reality.
In other words, there is no fundamental reason why bitcoins should be 2000% more valuable today than four months ago. Nothing has changed other than the craze / mania of people buying in.
Another flat-out lie. A lot has changed - all of a sudden, savings confiscations are on the table and getting media coverage. More countries are slowly adopting savings confiscation legislation. Stories are all over the news about bank corruption and scandals. The market conditions are ripe for a P2P currency.
Calling something a government plan to take everyone's freedom away is a typical AJ/cointelpro tactic - sure, sometimes there are legitimate government plans, but sometimes it's just the government trying to use a psychology slight-of-hand to turn people paranoid against the one thing that could save them.
Since his entire argument for it being a "bubble" is based on two completely false premises combined with some fancy sophist play on the "Lol it r goin up 2 fast" theme, it's safe to assume we can disregard the entire article. ;-D
[...]the financial harm that will be caused when the bitcoin bubble finally implodes.
Central banks hate bitcoin. They hate it because it doesn’t allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation of monetary control that underlies all the corrupt governments of the world. As such, bitcoin is a huge threat to the status quo, making it an obvious target for the globalists to attempt to destroy.
Contradiction. (1) Call bitcoin a bubble, imply that it won't survive, Later on in article, claim it's just a government conspiracy to control you. Use two flat-out lies to support your erroneous claim that it's a bubble (I addressed this above.) (2) Review bitcoin's fundamentally revolutionary aspects and its potential to overthrow the Rothschild central banks. Keep reminding readers that you actually do support bitcoin. Alex, are you just trying to confuse us? Oh right, yes you are. Did you know that the only reason Alex Jones was on Piers Morgan was to make gun owners look like obnoxious, boisterous lunatics so that more mainstream Americans would support gun control?
For a silly intellectual exercise, let's compare the fundamentals and use cases of tulips and bitcoins so we can see how stupid these people really are.
Remember, a line doesn't have to (a) keep going straight up unsustainably, or (b) go straight up then crash straight down. This is a false choice fallacy that the "bubble" fanatics play into. Another option is that it can rise exponentially (or higher-than-exponentially) and then level out once it reaches a value that reflects its fundamentals and use cases.
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