Mirror Trading International

[John Tempus]

That's not too difficult to solve, majority of the traders don't actually want gold but the money (usd) behind it. Gold is just a convenient store of [largely] increasing value that is easy to trade and liquidate for money.

Well this a problem because the idea of trading gold is that you are trading against a finite store of value. If you keep pumping the total gold supply above the available gold supply it will lead to a crash, no different to financial inflation crashes backed by printing more and more $.

This is why gold is so overvalued right now and inflated probably by countries that is hoarding gold ie. Russia and China, it suites them best if gold price is inflated while they are holding on the vast majority of gold stockpiles.

 

[John Tempus]

Gold has intrinsic value (most modern electronics require it), and it's pretty, so it'll always have value. People could just decide one day that BTC isn't worth the electricity and storage is costs to keep, at which point it becomes worthless. That's unlikely to happen in the next decade or so, but at some point in the future it might not be worth anything, much like how shillings are only worth something to coin collectors.

Edit: Until we invent Star Trek-style replicators, at which point the most important commodity probably becomes energy.

Problem with Gold and other natural occurring elements is that at some point in the not so distant future it would be 100% replicated infinitely and be the exact same product. So it is just a matter when and not if this starts to happen.

You can already create Gold from other elements via nuclear reaction but the technology to run that at lower cost than just mining Gold is not there yet but it will get there probably within this century.

 

[Hingisp]

Almost no comments left... Can't make sense of the ones that remain either cause they are replies to deleted comments.

Exactly. All our hard work telling people to pull out fall now in crypto space... So frustrating trying to educate but last a short few hours of window space and then into the abyss

 

[Hingisp]

Still 657 comments if I check the Maroela Media post on FB?

Edit: Something is fongkong with the comments... Not sure if Maroela Media is censoring stuff or something but there's comments missing... like it will say "15 replies" and when you click to expand it only shows like 5. Some of my comments are missing... But there's still people who have replied to my now missing comment.

The comment thread is basically a wreck now.

Edit edit: I wonder if the MTI army is reporting comments?

Exactly. Definitely been edited and messed with.. Disappointing of Moerola to do that, especially when we were backing their article...

 

[Waldman Jordaan]

I'm of the opinion that Crypto Currencies has no intrinsic value and will eventually fade into obscurity.
Unfortunately there are enough dumb people in the game, for other people to make a serious amount of FIAT from it.

Scammers will love Crypto until such time as proper regulation around its exchange to and from FIAT and taxation by each major country is properly implemented and world wide standards are set.

Crypto is FIAT for the governments and they cannot lose control of where FIAT goes. It will come soon enough I think.

But, this is only my uneducated view since I know very little about Crypto, so feel free to school me with your thoughts.

 

[John Tempus]

I'm of the opinion that Crypto Currencies has no intrinsic value and will eventually fade into obscurity.
Unfortunately there are enough dumb people in the game, for other people to make a serious amount of FIAT from it.

Scammers will love Crypto until such time as proper regulation around its exchange to and from FIAT and taxation by each major country is properly implemented and world wide standards are set.

Crypto is FIAT for the governments and they cannot lose control of where FIAT goes. It will come soon enough I think.

But, this is only my uneducated view since I know very little about Crypto, so feel free to school me with your thoughts.

I can understand why you think that and the overall value of crypto right now is still just speculative.

Regulation will be less and less likely as things expand onto DEX platforms where there is no single point of ownership and regulation is completely impossible.

The real potential of crypto implemented in a good way would be if we eventually reach a point where one or all coins is implemented in something like mass usage such as a new Internet Protocol that powers the next generation of the internet and build from the start with crypto as payment gateway.

Just the one example would cement crypto until the end of days and I am sure there is many many other good examples however none of them are really put into motion properly yet.

The next decade will give us a good idea if crypto just remains speculative or if there is real tangible products spawning from the concept.

For now crypto trading is the name of the game and if done legit (non MTI) and you know what you are doing you can make a good killing on the market.

 

[D@leW]

Sure, this is possible depending on platform and volume but the main problem is that on a global scale the amount of gold being traded is far more in total quantity than there is available gold to match it 1:1.

If you had enough money right now to buy up ALL physical gold and store it in your own vault without offering it as trading collateral for online gold trading, you will still see online gold trading operating against no physical gold at all since you have all the physical gold bought up and stored away.

Regarding altcointrader, that is a pretty bad example. , I wouln't trust that place with my crypto nevermind expecting them to ever honor gold bullion. That is one dodgy operation with volume so low I highly doubt they are entirely liquid cause there is little to no chance they are making enough from trading commission to keep that operating going.

People don't trade actual commodities. They trade commodities futures. It's a subtle difference, but it's how you can "trade" more of something than how much of it actually exists, and you don't have to own any of it or want to buy any of it.

A good example is something like grain. Let's take wheat, as traded on the CME (Chicago Mercantile Exchange). Each year there are 5 different futures contracts based on 5 different delivery dates (these are derived from when wheat is harvested).

When you buy a wheat futures contract you are promising to buy a certain quantity of wheat on the settlement date of the futures contract. You don't need to be a farmer to sell futures, or a wheat refinery to buy futures, but unless you have the wheat or want the wheat you need to close your position before the settlement date or you are on the hook for a bunch of wheat (brokers get really annoyed with you if you trade too close to the settlement date).

All futures work this way, even trading index linked futures like S&P 500. At some point you have to get out of the trade or cough up or buy the underlying asset. Essentially you are making bets on what something will be worth at a specific point in time in the future, and at that point you either buy or sell the asset/commodity at the agreed price if you still own a contract.

And that's how you don't have to every actually buy or sell something physical when trading.

 

[newby_investor]

Problem with Gold and other natural occurring elements is that at some point in the not so distant future it would be 100% replicated infinitely and be the exact same product. So it is just a matter when and not if this starts to happen.

You can already create Gold from other elements via nuclear reaction but the technology to run that at lower cost than just mining Gold is not there yet but it will get there probably within this century.

Um... no...

Technically synthesis of gold is possible either in an accelerator or nuclear reactor, but it's fantastically expensive. On the order of major physics project money to make a few thousand atoms worth of gold. Definitely not worth it. Predicting it will be economical within a century is optimistic at best.

But let's not derail the thread.

 

[adslrouter]

Yeah, wonder what Onexios would think?

that not the person that started this thread...... @onexios

 

[Curiositykilledthecat]

that not the person that started this thread...... @onexios

Yup. Doubt he knew what a shxtshxw his question would start.

 

[John Tempus]

People don't trade actual commodities. They trade commodities futures. It's a subtle difference, but it's how you can "trade" more of something than how much of it actually exists, and you don't have to own any of it or want to buy any of it.

A good example is something like grain. Let's take wheat, as traded on the CME (Chicago Mercantile Exchange). Each year there are 5 different futures contracts based on 5 different delivery dates (these are derived from when wheat is harvested).

When you buy a wheat futures contract you are promising to buy a certain quantity of wheat on the settlement date of the futures contract. You don't need to be a farmer to sell futures, or a wheat refinery to buy futures, but unless you have the wheat or want the wheat you need to close your position before the settlement date or you are on the hook for a bunch of wheat (brokers get really annoyed with you if you trade too close to the settlement date).

All futures work this way, even trading index linked futures like S&P 500. At some point you have to get out of the trade or cough up or buy the underlying asset. Essentially you are making bets on what something will be worth at a specific point in time in the future, and at that point you either buy or sell the asset/commodity at the agreed price if you still own a contract.

And that's how you don't have to every actually buy or sell something physical when trading.

Yes thanks I know how the market works.

I am referring to the available gold supply on spot markets.

That in itself is more than the total amount of gold estimated to have ever been mined since the first gold have been discovered thousands of years ago.

 

[InvisibleMan1]

Someone needs to get these people a dictionary...
Words to look up include (this is not an exhaustive list):
Transparency
Independent Audit
Honesty
Dreams
Reality
Ponzi
Scam

You forgot "Durasdiction"!

 

[Wary GOM]

There's a video where Johann says the bitcoin is in cold storage with the broker, which would actually make sense for the broker to do if they held 17,000 BTC (or whatever it is now). Obviously it's spread across multiple addresses because otherwise we'd be able to find it with ease.

telegram mti members........................ seems like a new world force has awakened

Always easiest to compare it to a commodity like gold which...is a finite resource. What happens when the last gram of gold is mined? The price will increase dramatically as demand will rapidly outstrip supply...but the gold will always be there and in circulation. Just as 21 million Btc will always be circulating. It will just increase dramatically in value due to the above-mentioned vectors of demand and supply. We're in the early adoption stages of this "commodity". Anybody who has currently has 0.2 Btc (and Hodl's it) will in 5 years be among the top 5% wealth bracket in the world. We're uniquely positioned with MTI because they're growing our Btc daily. Using the gold example—its like someone mining a gram of gold for you every day so within a month you'll have 20 grams of gold if you started with 1. Hope that helps

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Great to know that only 0.2Btc will take a person that far . We are at the right place at the right time

THAT will completely fool this bunch. The problem is that the guy also knows nothing about the difference between a commodity and a currency. When the currency "runs out" transactions either cease (not feasible) or barter comes into play OR something else is used as currency. In large part that was why Nixon took America off the gold standard.

An even bigger gap in this idiot's reasoning is that governments will never allow a totally independent currency. As it is, most governments are looking at how to establish, set up or link into a system of cryptocurrency. Modern economies cannot function with a finite currency.

But there is no use trying to educate the ineducable.

 

[PAYBACK]

I mean how can you not trust a bunch like this?

 

[RadonZA]

I mean how can you not trust a bunch like this?

View attachment 924055

I would ask them what they eat, and avoid that.

 

[RadonZA]

But i guess avoiding the whole Spar might be difficult.

 

[Wary GOM]

BTC's value is in it's design. It's the fact that it is decentralized and limited, thus not subject to government interference/control and immune from inflation.

Of course it isn't immune to inflation - it is only immune to government-produced inflation. The very points that people use to fool people about Bitcoin is that it has a finite supply. This means that as long as more people want it and the price goes up

Sjoe, thanks for posting the link to the original document. It is a very educational and informative analysis of the whole globe's activities. Someone is definitely doing THEIR homework.

You naught person, you. Now some members just might go and READ this (if they are literate, which the fact that they can be fed crap in videos).

 

[Whyarewehere]

BTC's value is in it's design. It's the fact that it is decentralized and limited, thus not subject to government interference/control and immune from inflation.

But the usa can say tomorrow that tether is a scam (which it is) and that bitcoin is outlawed and anyone that holds any will go to jail for 10 years. Do you think it will still have fiat value then? And most people cash out decentralised crypto to centralised fiat

 

[warrenpridgeon]

Exactly. Definitely been edited and messed with.. Disappointing of Moerola to do that, especially when we were backing their article...

I don't know if it was Maroela that deleted comments OR if the arm of MTI reported the comments, after enough reports comments will get hidden/deleted by facebook won't they?

 

[Tman*]

I mean how can you not trust a bunch like this?

View attachment 924055

This pic looks like a FB add that will pop up on my timeline: "This couple discovered how to the BEAT the banking system, the finance world hates them! Click here now to find out their secret!"