Insiders Warn Bitcoin Is About To Collapse

Bitcoin is about to collapse, warn insiders

Bitcoin is now on the brink of collapse, with experts warning that by the end of 2017 the digital currency will become virtually worthless. 

According to ‘Health Ranger’ Mike Adams, signs of a coming “Bitcoin civil war” are all around us – with the value of the crypto currency having already plunged from $3,000 to $1,800 in the space of a few months.

Natural News reports: From July 21st through the end of the year, a timeline of serious obstacles threatens to crater the speculative Bitcoin marketplace. One of those events has been called a “Bitcoin civil war” and could threaten the very existence of the crypto currency. That’s why people are taking profits right now, selling their Bitcoin holdings and driving the price downward.

Remember: Bitcoin isn’t backed by gold. It isn’t backed by anything at all. There’s nothing technically superior to Bitcoin compared to other crypto currencies such as Ethereum or Z-cash. As a result, nearly all the growth in Bitcoin over the last few months was based on speculative greed, where people hope to cash in on the bubble of crypto currencies even though they don’t understand the real risk.

The Bitcoin promoters telling you that you can’t trust the dollar because it’s fiat currency usually fail to inform you that Bitcoin is crypto fiat currency, backed by nothing. In fact, one of the “fixes” being discussed by the Bitcoin community right now would result in lifting the limit of 21 million Bitcoins, allowing potentially unlimited future Bitcoins to flood the marketplace, thereby devaluing presently-held Bitcoins. Quantitative easing, it seems, isn’t just for central banks…

I’ve explained all this in more detail in my studio video, below, recorded on June 7th, 2017, long before the Bitcoin market began to really crumble. For the record, I support the idea of decentralized crypto currency and rendering corrupt central banks obsolete. However, Bitcoin is so far lost into the depths of greed and hucksterism that I can’t stay silent on this issue. I especially don’t want the millions of readers and fans who follow my work to be harmed by the Bitcoin collapse, which is why I began publicly warning people about all this a couple of months ago:

  • negutron

    This guy is as untrustworthy as they come, saying nothing of the content. I personally agree bitcoin is a bubble. Anway about adams. I debunked his lying ass on /r/conspiracy by trying to say regular zeolites don’t work and then finding a supplement patent by him with zeolites. Many on reddit know that his outlet is full of disinfo…i believe they linked to an article touting medicinal use of castor bean, which of course contains ricin and will kill you. I outed them (the site linked to) and they removed the article and now that whole website is gone. You’re welcome

  • chipmunk

    another self proclaimed expert who have no idea of what really happening ,including fake info and, acting like a clairvoryane.

  • famil

    i’am a victim of spam bitcoin sites, any links of real free bitcoin earnings, i have stop everything in bitcoin earnings

    • David Atherton

      Anything free is a scam

      • famil

        even paid sites, they do bully

  • Nick

    Collapse in progress. Perfectly fine with me. The altcoins can finally get out from under its influence as few have anything to do with it, yet still get hit with its price fluctuations. Nevermind that its a wasteful, slow, and irrationally expensive coin to use. Good riddance.

  • Lee Walter

    I am hoping for a major collapses to weed out the band wagon bitcoin miners.
    GPU prices are ridiculous. Grrrrrrrr