The first thing that popped into my head, and I mean the exact moment when I heard that there was some type of computer virus spreading around the world infecting computer systems, locking data, not allowing people and companies to access their important information, shutting down hospitals, business, and the perpetrators of this attack were asking for payment specifically in Bitcoin, well to say the least I became very suspicious of a false flag event.
The effect on Bitcoin was immediate and sharp, a $200 drop.
The $200 fluctuation in the price action of Bitcoin is really no concern to me whatsoever, it is just the nature of how this supposed attack is being pushed through the main stream media and forced onto an already frightened public.
So other than the mainstream media pushing this narrative of a major, in fact the biggest cyber attack to date, I ask you, where is the proof that this event actually even occurred?
Why has not one major corporation come forward on any of the mainstream media networks discussing how this supposed attack affected their business? Not even a flunky representing a major corporation has come forward yet to my knowledge, (don't hold your breath waiting for any CEO to come forward).
It is clear to me that this supposed attack is indeed a false flag.
I am also more than certain that this attack, if real, is a deliberate attempt by the security agencies and the Federal Reserve system, a schemed attempt to poison the misinformed public into believing that cryptocurrency is bad, and they (the public) must avoid it and hold debt notes (US Dollars).
So my Lions, what do you think?
Gregory Mannarino
Any info that spread like wild fire is most likely fabricated, panama papers,pizzagate,and now this. When the MSM are in on it basically.
Hi, am new here please upvote and follow me & will do the same:)
same!
Same will also follow for follow.
Great content as always Greg. If anyone is looking for short term calls on silver, you can follow my blog. Its only my 2nd post, but i joined on recommendation of the great Greg and i intend update weekly at a bare minimum.
Link to my latest blogpost
https://steemit.com/trading/@flemming/update-call-week-20-silver
Cheers Greg. Your videos on youtube and blog here serves as great fundementals for me.
Sick content mate! Keep it up. Made Money yesterday!
same!
Been here a week check me out too!
Loving this Site Gregory told us to come check it out... Best idea yet!
Me, me me!!
check out my blog as well and follow if you are interested
speculation gets us nothing! technology is changing. Steemit and bitcoin are the future. Like the saying goes, "there is nothing more powerful than an idea who's time has come." Everyone who follows Greg and is using Steemit look into "powering up" I invested 2 bitcoins into powering up and when I gave Greg an upvote it gives at least 5 cents and can go has high as 14 cents per upvote
Thanks for the info about powering up. Appreciated!
Good info as I'm still figuring all this out! I may end up buying some steem to help me along.
You're not alone there Stillwater!!!!
I just upvoted seveeal comments here and everyone got 5cents including you. Cheers!
Thanks. done the same
If its the future we are doomed my friend. Switching from one fiat to another is just ridiculous. If it actually fully takes off, it means that the world world is full of scared little sheeps looking for shelter or we just officially created a world of dummies which will make us much richer. Crypto, like any other currency, need to be backed or else a Chavez/Castro/stalin is on his way soon since at the moment the centrals banks are doing there type of dirty work by manipulating the masses with therr purchasing power devaluation etc....
Well, the beauty of crypto-currencies is that they are not controlled by a government or central bank. Money is an idea backed by confidence. It doesn't matter what we use as money, so long as we agree it has value. Gold is beautiful and rare. If someone uncovered a lot of gold, or developed a process for creating gold out of thin air (like a Star Trek food replicator, for instance) then gold would lose its appeal. Crypto-currencies can't be printed out of existence because they are created with a cap. Once that cap is reached, the currency can be subdivided into tiny amounts and still used as currency. The biggest weakness is that it needs the internet to work. No internet, no crypto-currency. But, really, it's all about agreement. It could be coconuts, just so long as we all agree it has value and we are willing to accept it in exchange for our goods and services.
Yes coconuts , coffee beans...etc...You see that is the problem. We already have a monetary system for most country. In my northern country where we house great salmon, maple syrup and fantastic hockey players hehheheeheheh........it is unconstitutional to tax money. That is why everytging is taxed in canada except for Gold and Silver Bullion. So my question is to you, what does your constitution say?
I get Crypto currency, the problem people think they are making a difference or challenging the "Elites" with this thing yet they cant even preserve what they already have as a right. Do you see how dum tgis is. That is why some people get rich, because the masses always follow the trends.
Crypto is not just about challenging the elites. It's about commerce, about exchange without the barriers a government puts up. Without making bankers fat.
Some US States are taking steps to prevent taxation on precious metals so they can be used as tender, like the Constitution says.
Crypto is like a foreign currency that doesn't have a central bank to inflate/deflate. The free market determines the price of crypto-currencies.
Sure, there are always things people can do to manipulate prices, but if you were living completely in bitcoin, for instance, those price changes relative to other currencies, you wouldn't notice. Just like we don't notice when the MXP changes value.
Everything has pluses and minuses. We just need to get educated. It's all about personal responsibility.
Yes im aware of that.......as for lifting barriers for trade we already have that and its called a coorporation. For more or less 100$ you get to open one up depending where u are in the world. A coorp does not need a passport;). I can see the convenience of Crypto as it is to make transaction simpler and much more however i do not see it as a concrete replacement of the monetary system in place. I believe its in its extremely early stages and more engineriing is needed. That is another reason why im very wary of this speculative side of the market.
The reality is that we are moving into digital money.......actually we are already in it and have been for a while. I hear your tgoughts and share most of them when i focuse only on Crypto, however in the broader picture of things, Crypto is one ingredient of many being mixed in the pot. Stay focused my friend.
FYI...coorp does have to put up with governement reg;) forgot to add this. So u make a point with that Crypto has no gov reg.....question is for how long?
Hear hear. I agree!
Dont get me wrong if the masses pushes towards this type of crypto, then lets protfit....;)
thanks budp, all us newbies need all the help we can get
Thanks for the heads up.
Upvoted! Interesting event isn't it? Not that I'm not having a lot of fun with this steem thing or that I'm not enjoying trying to amass some of these crypto's for myself but this is exactly why me likes the physical! Whether it be precious metals, ammo, or lil' fuzzy pink dolls of Hillary with her own head up her ass, someone has to physically bind a physical loving guy to a chair and drive bamboo splints under his nails while Dolph Lundgren beats on him like in Rocky 4 to get him to give up his stash of twinkies. Never mind the physical guys security measures. Hell, Dolph would have a hole the size of a basketball in his chest not to mention being mauled by vicious dogs after which falling 10 ft. into a hole on a butt load of long rusty nails before he got the words " I must break you" out of his mouth. But then again, who's to say it did happen? I like the virtual world to an extent but anything can happen here. As they say, "if you don't hold it, you don't own it!" Always enjoy Mr. Mannarino! Long time fan.
A bird in hand is worth two in the bush. High five brother ;)
I'm hearing you Stillwater!
Re precious metals, I don't think that there's a massive following in the steemit community yet. I viewed many blogs (even done one myself on the topic) and hardly any votes or comments on the majority of them. When I search the 'Mining' tag, it is not precious metals that are discussed, merely how to extract extra cryptocurrency.
I think we need to do more blogs on the subject to educate the non believers!!!
I'm here for diversification but I think that the majority of people on steemit are just tech savvy people unaware of the fundamentals of owing a physical asset class.
Final thought/question: has a cryptocurrency backed by precious metals been created yet?
Yes DigixDAO https://digix.io/
Thanks Graham. I'll do some research into this. Can anyone else vouch for this crypto?
As far as I am aware it is still in development but they should be coming out with a full platform pretty soon. I have held it for a while now. As with most cryptos you have to really purchase into the idea more than the finished product to make the most gains on you investments.
Thanks Graham that is really helpful. IT also gives me a little more confidence when others have 'bought in'.
Just ask around on reddit or take a look on YouTube for info on crypto projects. There are loads of great resources out there.
Don't be scared away by the government and press saying it all for criminals and cyber terrorists. They also use cash and normal bank accounts too!
The main issue is that we the people are being failed by our governments and we are creating new systems that will work for us and they don't like that.
Thanks Greg
I think they see cryto as the a huge threat to their power base.
They will destroy it or try and own it through regulation.
I agree with you but us little folks will never know the truth. All we can do is keep preparing and planning on what they will through at us next! Keep up the great posts.
The government does not like what they cannot regulate, I wouldn't put it beyond them to do this..
2 words: VAULT SEVEN, enuff said
Greg, i believe you are spot on. I tried to find something on it from a company or organzation, couldnt find anything. I mean it was just a matter of time before they figured some way to affect cryptocurrency or maybe even manipulate it. Great post
Congratulations @marketreport!
Your post was mentioned in my hit parade in the following category:
I am not ready to call it a false flag yet, but there there are ways for the corporations to prove they were forced to send funds to the hackers... if indeed they did. Its called the blockchain, and every transaction from when Satoshi first fired up a bitcoin miner, to the transactions taking place while I type this out, are recorded for ever. It is one of the greatest features of blockchain technology and why everyone will one day be using it.
I have doubt about a false flag. It was a pretty lame virus, nothing new, apart from the specific new attack vector. Holes on Microsoft network protocols are well known and most organizations are well protected against attacks though them. Only the amateurs got infected by this one.
Micro-sucks is the Swiss cheese of Operating Systems :)
Plucky, pretty much all news is false flag, fake news, particularly if it's bad or shocking news. Trauma-based mind control is what they're after and they will continue to succeed until we realize all of the hoaxes that are presented to us.
Greg, My thought as well. First thought was of the FED and their lackeys the spooks (who MADE the darn thing!) in a false flag "test" of a low-level nuisance - just enough fear porn to frighten the sheeple... The bitcoin ransom was the icing on the cake. (Gotta blame SOMEONE else, after all - like, the Russians did it of course. Just wait for the experts to line up on MSM and swear by it). Why a test? They've gotta stop the music one of these days and soon would be perfect leaving Trump holding the bag. And just like 9/11, it's the perfect excuse to declare a "War on Cyberterrorism" for more $$$ to DHS/CIA/FBI not to mention God knows how many "security" contractors. Overnight the Net goes on lockdown. All "fake news" gets criminalized, bitcoin is declared illegal and forfeit, and anyone "Not for us is against US!" The rubber is hittin' the road soon. May be hunkerin' down time before we know it. I'm writing a series on prepping and I hope I get the time to finish it before Steemers have to need it!
Could be a false flag, or could be staged so that someone can come in and "save the day". If you have the antidote that everyone wants, you can ask for whatever you want in return..
If its staged, wouldn't that be more of a reason it's a false flag?
I guess I was thinking more of a false flag terror attack, but yes they are sort of one in the same
This would not surprise me. Their lack of control in the Bitcoin world probably really scares them.
Greg:
Dave @ X22 report theorizes nearly the same. He believes the Deep State/Central Banks are behind this scheme in order to minimize crypto- currencies as havens for criminals. The ransom is for bit-coins, so a narrative will begin where only criminals use bit-coins. As for the concept of NORK ICBM's hitting DC, why not?!?! But can they hit the other Fed Res locations?
Greg, I was actually watching the news today and thinking, "If this is such a big deal, why am I not feeling the effects of this?" I have cryptocurrency (now thanks to you and my bf who follows you on YouTube). I look at social media. Where is this epic hack? Not in my hackable area of the cyberworld. Thanks for thinking of a false flag. "Fake news"at its finest. Thanks for all you post! Sincerely~Lioness
Thanks Greg for the Heads-up !!
It's suspicious as hell, NSA software, bitcoins, North Korea.
I could write this myself.
starring Tom Cruise!
Certainly sounds possible. With so many false flags happening, it's hard to know what's real anymore. I suppose that's part of the plan.....
You are probably correct. I do not know what is happening Just that it does not match up.
Google "news" results for "North Korea" feature articles attributing the Malware attacks to them.
So much CRAP, so little patience.
I saw that headline on Drudge Report, and had to laugh. Anyone awake saw this coming, blame it on Russia, or Iran, or Syria, or NK....whatever State is most convenient.
I'm not totally up to speed with how block chains work, but couldn't the account be traced back to the perp when payment is made? I read that they have only made $20k so far. How is this known?
If it were one of us, the feds could trace it in an instant.
Agreed.
I guess if its true, a lot more people will be buying Bitcoin,
Might this be a dry run as a prelude to them crashing the entire global financial system? I don't think it will deter people from investing in Bitcoin, long term. Gold, and particularly silver in your own possession are the only other ways you can guarantee your own financial survival. Also, be on Steemit. One of the best things ever!
mike, I think sometimes these raids are to find out who is connected to who; heck I even think they use this site and youtube that way. It was what FB was founded for, data flow is not just about 'what' but about 'who'. upvoted you
I would not put it past the powers that shouldn't be to misinform the public into believing that cryptocurrency is bad. For your followers know to bet against the debt (US Dollars) and to hold real money like gold and silver.
bananarama
Kaspersky, Russian internet security firm, said they've discovered snippets of code used in by North Korean malware in the past, suggesting that NK may be behind the attack. Then they said, but we should be wary of a FALSE FLAG attack as the CIA and NSA have created tools that enable cyber weapons to leave behind source code other countries have used, as per Vault 7. Then Microsoft came out and scolded the NSA, saying that this blood, if any, was on their hands for not telling the world what exploits remained after they lost control of their cyber weapons suite.
Of course it's a false flag attack. The BTC amount is too small to be real. No one was actually trying to stop it, except a malware blogger, who stopped it accidentally, by buying the domain it was routing through. All of this would have been easily identified by real cyber security efforts, but clearly there weren't any.
I think it goes beyond poisoning the well for support of BTC. I think it will be used as impetus to introduce legislation in various countries which give the government more power over the internet and domestic information networks. Think, "If Russia can hack our election, and North Korea can bring the world to its' knees with malware, we better let the NSA have total control of all traffic in case something worse happens."
Watch congress for the next move.
What I think is that an increasing number of people will now be aware of the crypo-space which they may have not been aware before.
Hopefully. Maybe it is all free publicity and people start to search on YouTube for videos and see the true side of crypto currency's.
I believe it is false flag...I mean, they do it daily. Good call Greg...will keep our eyes on this
I think the event actually occured, but isn´t it fishy that the software was stolen from the NSA and her subcontractors?
Either they conducted this event themselves or this agency has no security measures and should be closed down.
I guess you are right, they will spin it this way, that we need more internet restrictions and discredit Bitcoin as a currency for criminals.
Greg, I have been in the computer business for almost 30 years and I think your comment about a false flag is dead-on! They are trying to scare the sheep just like they have been doing with using actual currency which the MSM and some of our "top" economists tell us is dirty and only used by drug dealers. Bottom line is it is all about control.
Possible
https://steemit.com/bitcoin/@trendwizard/cryptos-topping-precious-metals-to-take-over
I definitely agree Greg. In fact we were talking about the exact same thing at lunch today. Looking at it from an angle not related to market action, my work mate mentioned the idea that the powers that be could push the narrative of just how bad Bitcoin can be in respects to dirty black market uses. The fact that it is annonomous and, as we know, used in large amounts on the dark web. Bringing the public to the belief that big brother needs to step in and add a layer of ownership to the transactions. Now I don't know enough about the blockchain technology to know how they could do this, but I could see a huge amount of public support for making Bitcoin and other didgital currency an identifiable transaction.
Thanks for bringing up the media coverage, I hadn't noticed but your right, no one on TV explaining how it affected them or if they decided to pay or not. Very suspicious!!
UP VOTE TAXATION IS THEFT!
Didn't even think about it - but you're right.....100%.
Long term bitcoin will rule. It will be the reserve crypto for the alt coins. check out my blog article on how to diversify a portfolio in crypto currencies.
Greg: there will be much more of this in my opinion. Bitcoin is catching on like wildfire and I feel it has the bankers scared silly and with good reason. They are going to try all kinds of things to shut it down and scare people out of using it. Their efforts will ultimately be in vain. Couldn't happen to a nicer bunch.
I agree,just another reason to keep us afraid and think that government is the answer
I went off on a rant at one with the same idea. That this was big banks trying to drive people away from crypto currencies. I believe it will keep happening and they will push there own on us saying its "safer"
They're getting desperate.
Yes, it is indeed a possibility.
What I think, is that the attack didn't cause so much as a hic-up in the price of BTC. They may be trying to give Crypto a black eye, but I don't think it is going to matter. :)
Good post Greg, Thanks for finally getting me to use Steemit. I heard Jeff Berwick talk about it for months.
One of Clif High's Web-Bot forecasts related to Bitcoin alluded to it rising to about gold's all-time high and bouncing off to the downside.
Awesome analysis Greg, I actually talked about that in a post I did today.
They were really scrambling to stay ahead of it at my workplace I know that. Thanks for keeping us up to date!
Central banks hate bitcoin. On January 2017 when bitcoin was rising to all-time highs China's central bank issue a warning that Bitcoin is not a currency. Bitcoin fall more than 200$.
BTC has weathered the storms for 8 years now! Buy on the dips, and hold onto with your dear lives. I see $2100 in 2018, and don't get me started regarding where its gonna be in 2020!
I think you are Spot-on. As soon as they said the ransom was to be paid in Bitcoin the red flags went up. The central bank and their debt product are cornered....checkmate.
Very astute, I totally agree.