{
  "trx_id": "2de7fa34e6d11a8b5afb2e30389a29124f9a9d57",
  "block": 34905507,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-23T05:38:24",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "drop-gold-buy-bitcoin",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-jabha-20190723t053823000z",
      "title": "",
      "body": "Congratulations @jabha! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jabha/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jabha) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=jabha)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "5a67cd3bd64834714f104c86bf7314053dad4ad9",
  "block": 32565596,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T21:31:45",
  "op": [
    "vote",
    {
      "voter": "steemitboard",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "weight": 100
    }
  ]
}

{
  "trx_id": "19b2b760c72fcfd59ceba631c8ef545874204693",
  "block": 32565595,
  "trx_in_block": 29,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T21:31:42",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "drop-gold-buy-bitcoin",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-jabha-20190502t213144000z",
      "title": "",
      "body": "Congratulations @jabha! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@jabha/votes.png?201905022026</td><td>You made more than 10 upvotes. Your next target is to reach 50 upvotes.</td></tr>\n</table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jabha) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=jabha)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\nTo support your work, I also upvoted your post!\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "51f85be6240b98645c2e51dc9ea786abb904c31f",
  "block": 32563392,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:41:30",
  "op": [
    "vote",
    {
      "voter": "jabha",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "bdb0dbe756287716b9c78f402bb646a7d3a43045",
  "block": 32562903,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:17:03",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "title": "Drop Gold, Buy Bitcoin?",
      "body": "@@ -7106,16 +7106,63 @@\n tcoin.%0A%0A\n+Would you drop gold or fiat first? Vote here:%0A%0A\n https://\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"gold\",\"grayscale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmXt7S87f4pvcWzZTruherAsNMYD42Aq9TcDmVgVqWgbDd/grayscale-drop-gold-marketing-campaign-heavy-hands.jpg\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\"],\"links\":[\"https://fast.wistia.net/embed/iframe/ts4i7t6pop\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\",\"https://twitter.com/nicoyaresearch/status/1123988559550124035\",\"https://nicoyaresearch.com/premium-services/\"]}"
    }
  ]
}

{
  "trx_id": "cf471a02ff90432f1f68dd4c0639f961c35f5185",
  "block": 32562892,
  "trx_in_block": 28,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:16:30",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "title": "Drop Gold, Buy Bitcoin?",
      "body": "@@ -1,12 +1,205 @@\n+!%5Bgrayscale-drop-gold-marketing-campaign-heavy-hands.jpg%5D(https://cdn.steemitimages.com/DQmXt7S87f4pvcWzZTruherAsNMYD42Aq9TcDmVgVqWgbDd/grayscale-drop-gold-marketing-campaign-heavy-hands.jpg)%0A%0A\n The cryptocu\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"gold\",\"grayscale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn.steemitimages.com/DQmXt7S87f4pvcWzZTruherAsNMYD42Aq9TcDmVgVqWgbDd/grayscale-drop-gold-marketing-campaign-heavy-hands.jpg\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\"],\"links\":[\"https://fast.wistia.net/embed/iframe/ts4i7t6pop\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\",\"https://twitter.com/nicoyaresearch/status/1123988559550124035\",\"https://nicoyaresearch.com/premium-services/\"]}"
    }
  ]
}

{
  "trx_id": "c881bf308c24a35b6dbf99ad5ed27b0851c6eb07",
  "block": 32562865,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:15:06",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "title": "Drop Gold, Buy Bitcoin?",
      "body": "@@ -1,24 +1,25 @@\n+T\n he cryptocurrency compan\n@@ -7411,16 +7411,71 @@\n sector, \n+%3Ca href=%22https://nicoyaresearch.com/premium-services/%22%3E\n sign up \n@@ -7478,9 +7478,13 @@\n  up here\n+%3C/a%3E\n .\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"gold\",\"grayscale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\"],\"links\":[\"https://fast.wistia.net/embed/iframe/ts4i7t6pop\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\",\"https://twitter.com/nicoyaresearch/status/1123988559550124035\",\"https://nicoyaresearch.com/premium-services/\"]}"
    }
  ]
}

{
  "trx_id": "bf521167626ab26cef895ee75b86f013f3f398f9",
  "block": 32562847,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:14:12",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "title": "Drop Gold, Buy Bitcoin?",
      "body": "@@ -1,13 +1,12 @@\n-T\n he cryptocur\n@@ -231,16 +231,16 @@\n  sense?%0A\n+\n %0AThe %E2%80%9CDr\n@@ -515,16 +515,65 @@\n past?%E2%80%9D%0A%0A\n+https://fast.wistia.net/embed/iframe/ts4i7t6pop%0A%0A\n The ad s\n@@ -868,28 +868,275 @@\n d.%0A%0A\n-gold vs stock market\n+%3Ca href=%22https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png%22%3E%3Cimg class=%22alignnone size-full wp-image-1387%22 src=%22https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png%22 alt=%22gold vs stock market%22 width=%22600%22 height=%22545%22 /%3E%3C/a%3E\n %0A%0AHo\n@@ -1758,32 +1758,297 @@\n r.%0A%0A\n-dollar purchasing power \n+%3Ca href=%22https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png%22%3E%3Cimg class=%22alignnone size-full wp-image-1388%22 src=%22https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png%22 alt=%22dollar purchasing power %22 width=%22600%22 height=%22480%22 /%3E%3C/a%3E\n %0A%0AGo\n@@ -6912,16 +6912,79 @@\n tcoin.%0A%0A\n+https://twitter.com/nicoyaresearch/status/1123988559550124035%0A%0A\n Dump the\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"gold\",\"grayscale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\"],\"links\":[\"https://fast.wistia.net/embed/iframe/ts4i7t6pop\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/gold-vs-stocks.png\",\"https://nicoyaresearch.com/wp-content/uploads/2019/05/dollar-purchasing-power.png\",\"https://twitter.com/nicoyaresearch/status/1123988559550124035\"]}"
    }
  ]
}

{
  "trx_id": "8963bbeec8594e37474917e4c550e07da59819f1",
  "block": 32562753,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:09:30",
  "op": [
    "account_update",
    {
      "account": "jabha",
      "memo_key": "STM5WvmJmxpxWbYC7CDCyJTeiWQTkF7LQAGrfnvXc57nxvuq6P5qG",
      "json_metadata": "{\"profile\":{\"name\":\"Jason Hamlin\",\"about\":\"Investor / Writer / Publisher / Entrepreneur\",\"website\":\"http://nicoyaresearch.com\",\"location\":\"Costa Rica\",\"cover_image\":\"https://cdn.steemitimages.com/DQmdEazbN2Rr1yLjytDZvDCuF33p6pfZfg5Zn9t2Ab5JBya/NR%20Twitter%20Header.png\",\"profile_image\":\"http://goldstockbull.com/wp-content/uploads/Hamlin-Circle2.png\"}}"
    }
  ]
}

{
  "trx_id": "9237e2036a595fa3a9d57574ca34eb122ed32af6",
  "block": 32562717,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:07:42",
  "op": [
    "account_update",
    {
      "account": "jabha",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM6nM9UxPuDiPMb7ER7w7Eua5LQxwrnADKheswDayiobyyNMLFPj",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM7GATncW8JEhcZyo8sXThwiuUBNyR6v9W91vLkm33a94EmayAXg",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM7KDNED6hgPAN9FuNUTUR38xoZgoNkP4z7Zg4EqzkFBhxazYrY4",
            1
          ]
        ]
      },
      "memo_key": "STM5WvmJmxpxWbYC7CDCyJTeiWQTkF7LQAGrfnvXc57nxvuq6P5qG",
      "json_metadata": "{\"profile\":{\"profile_image\":\"http://goldstockbull.com/wp-content/uploads/Hamlin-Circle2.png\",\"name\":\"Jason Hamlin\",\"about\":\"Investor / Writer / Publisher / Entrepreneur\",\"location\":\"Costa Rica\",\"website\":\"http://goldstockbull.com\"}}"
    }
  ]
}

{
  "trx_id": "782d87d213ff423c84d8a1892387a6daac49d434",
  "block": 32562658,
  "trx_in_block": 19,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-02T19:04:45",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "drop-gold-buy-bitcoin",
      "title": "Drop Gold, Buy Bitcoin?",
      "body": "The cryptocurrency company Grayscale has launched a multi-million dollar marketing campaign imploring investors to drop gold and buy bitcoin. It is a slick video and the campaign is getting plenty of attention, but does it make any sense?\n\nThe “Drop Gold” campaign kicked off Wednesday and features a 39-second commercial that shows a man and woman who race frantically around a financial district while people around them are weighed down by bulky gold. It asks: “Why did you invest in gold? Are you living in the past?”\n\nThe ad says that “gold shouldn’t weigh down your portfolio.” But that doesn’t make much sense.\n\nSure, you can cherry pick dates when gold was down while stocks went higher. But if we go back to the start of 2000, the gold price is up 348%, while the S&P 500 is up just 102% in the same time period.\n\ngold vs stock market\n\nHow exactly is that “weighing down your portfolio?” Gold has outperformed stocks by a factor of more than 3 times! If that is what Grayscale calls weighing down your portfolio, I’ll take some extra weight, please.\n\nFurthermore, gold is an insurance policy for your portfolio and hedge against financial uncertainty. It has maintained its value for thousands of years, while fiat currencies consistently lose their value and usually implode.\n\nThe image below shows the purchasing power of the U.S. dollar over time. Since the creation of the Federal Reserve in 1913, the dollar has lost over 95% of its purchasing power.\n\ndollar purchasing power \n\nGold hasn’t lost any of its purchasing power over time.\n\nWhich begs the question… Shouldn’t Grayscale be advocating that investors dump fiat funny money and purchase cryptocurrency? Or dump assets that are in bubble territory, such as stocks, bonds, ETFs and real estate? Or dump shitcoins that were created as pre-mined money grabs and offer no true innovation over Bitcoin?\n\nWouldn’t it be better to dump depreciating assets than something like gold that has gone up 350% in the past 20 years? Sure, Bitcoin has outperformed gold by a wide margin since it was launched, but gold has been the better performer over the past year. The point is that when looking for assets to dump, there are quite a few worse-performing assets to toss before selling gold.\n\nGrayscale’s “Dump Gold” video goes on to state that gold does not have any utility like cryptocurrency. I am bullish on cryptocurrency and believe that it offers tremendous utility. But claiming that gold has no utility is incorrect and disingenuous.\n\nGold is one of the most useful minerals mined from the Earth. Its utility is derived from a diversity of special properties. Gold conducts electricity, does not tarnish, is very easy to work, can be drawn into wire, can be hammered into thin sheets, alloys with many other metals, can be melted and cast into highly detailed shapes, has a wonderful color and a brilliant luster. While the primary use is jewelry, gold is also used in electronics, computers, military applications, dentistry, and both the medical and aerospace industries.\n\nGrayscale seems desperate for attention with this new marketing campaign. I believe that gold and cryptocurrency are complementary assets that both deserve a place in any investors portfolio. The allocation will vary depending on the situation of each individual investor, but dumping gold doesn’t seem like sage advice.\n\nThere is plenty of crossover between gold and crypto investors, but also plenty of animosity. It seems like Grayscale is tapping into both, but they are going to alienate gold investors that might otherwise consider cryptocurrency for many of the libertarian-oriented features offered.\n\nThe Grayscale Bitcoin Trust (GBTC) carries a high premium to the Bitcoin assets it holds. This premium rose to more than 47% in April according to an article in Bitcoinist.com. The current premium is nearly 30%. In addition to this high premium, investors have to pay Grayscale an annual fee of 2%.\n\nThe rising GBTC premium may be a good sign for the cryptocurrency sector, suggesting increased institutional inflows. But I suspect a good percentage of those funds are from retail investors that don’t understand how to buy from an exchange or how to set up a wallet.\n\nWhile I like that Grayscale actually holds “physical” cryptocurrency behind their funds, I believe that investors would be better off avoiding funds like the Grayscale Bitcoin Trust. If the premium continues to slide in the face of increasing competition, investors in GBTC will be leaving profits on the table. Furthermore, investing through a fund introduces third-party custodial risk. While custodial solutions are improving, I still follow the adage: “Not your keys, Not your Bitcoin.”\n\nGrayscale has enjoyed a near monopoly as one of the only ways to get exposure to Bitcoin via a normal brokerage account or IRA. But as a flood of new institutional offerings are launched from Bakkt, TDAmeritrade, eTrade, Fidelity and others, I am guessing fewer investors will want to pay the high premium and fees associated with the Grayscale Bitcoin Trust. Perhaps, this is why they have resorted to attacking gold with such a silly advertising campaign.\n\nCurrently, the total value of gold in the world is worth approximately $8 trillion, while the current supply of Bitcoin is worth around $95 billion. The total value of all cryptocurrencies is $176 billion, equating to a 54% market share for Bitcoin.\n\nI believe that the market cap of Bitcoin will eventually surpass the value of the gold market at $8 trillion. This suggests upside of around 80x for Bitcoin in dollar terms.\n\nIt also suggests significant outperformance of Bitcoin over gold in the years ahead. But I am not dumping my gold entirely, as I believe it is important to have a diversified portfolio of multiple assets classes. And I believe that gold and quality mining stocks will outperform the S&P 500, bond market, real estate market and most other asset classes over the next decade. So gold is not high on my list of assets to dump in order to increase my allocation of cryptocurrency. In fact, it would be the last assets on my list.\n\nI suspect Grayscale didn’t want to risk offending the gatekeepers of the legacy financial system with a video and marketing campaign that gave better advice to investors…\n\nDump fiat, dump bubble assets and buy BOTH gold and Bitcoin.\n\nDump the FED, dump the bankers and their too-big-to-fail security blankets, dump the crooked politicians, dump fractional reserve lending, dump the surveillance state, dump the military-industrial complex, dump the corporate media, dump the establishment.\n\nLong gold, long Bitcoin, short the bankers.\n\nIf you want to receive our monthly newsletter and model portfolio with our top picks in the mining sector and cryptocurrency sector, sign up here.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"gold\",\"grayscale\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "3791b079c892da63b139e5d29e90fc47d8997ab8",
  "block": 24347024,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-07-20T17:24:51",
  "op": [
    "vote",
    {
      "voter": "jabha",
      "author": "solowhizkid",
      "permlink": "dash-cryptocurrency-will-serve-as-the-new-paypal",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "0292febcae5fae71bd80c4e7081a17d2a83607a4",
  "block": 21691922,
  "trx_in_block": 33,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-19T02:40:57",
  "op": [
    "vote",
    {
      "voter": "tsvetkovarturxaj",
      "author": "jabha",
      "permlink": "bitcoin-price-seasonality",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "8c668acf0edab85c53ce7789b14c91bb6bd94f99",
  "block": 21681873,
  "trx_in_block": 38,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-18T18:18:30",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "bitcoin-price-seasonality",
      "author": "cheetah",
      "permlink": "cheetah-re-jabhabitcoin-price-seasonality",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://goldstockbull.com/articles/bitcoin-seasonality-chart/",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "cf9585f9fe503aa6def736327bee76d6df89f145",
  "block": 21681872,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-18T18:18:27",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "jabha",
      "permlink": "bitcoin-price-seasonality",
      "weight": 8
    }
  ]
}

{
  "trx_id": "f9ce26ca456128fc4d485f149ec670eab6ae52fb",
  "block": 21681868,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-18T18:18:15",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "bitcoin-price-seasonality",
      "title": "Bitcoin Price Seasonality",
      "body": "Bitcoin seasonality can help investors determine the best times to buy or sell throughout the year. After prices dropped sharply during Q1 of 2018, we can expect a stronger Q2 ahead. While April is typically a weak month for Bitcoin, May and June are two of the strongest months of the year. With average gains of 21% and 26%, these are the 3rd and 4th strongest months of the year, behind November and December. Of course the November and December strength is probably overstated, given the explosive price move in 2017 that was an outlier. Regardless, April is usually a good month to start accumulating or adding to your positions in bitcoin and other quality cryptocurrencies, ahead of the powerful move higher that is usually seen in May and June.\n\nhttps://goldstockbull.com/wp-content/uploads/bitcoin-price-seasonality.png\n\nAfter the strong months of May and June, the price usually continues higher at a more gradual pace during July, August and September. The strongest seasonal period of the year for Bitcoin is Winter, with the average gains for October at 18%, November at 30% and December at 44%. I expect we could see a more muted advance this year, after the exponential move higher during last Winter.\n\nThe weakest period of the year is during the first two months, January and February, when Bitcoin actually averages a loss. This is unusual, given that the average monthly gain over the past four years has been 12.2%. A key reason for the declines at the start of the year are that investors were waiting for the next tax year to book profits, so that they would not owe the government taxes on those gains for another year.\n\nAfter correcting sharply for a few months, the bitcoin price started to trade sideways in April, consolidate and start to form a bottoming pattern. This morning, it experienced the most powerful price spike we have seen in months, rocketing $1,000 higher from $6,800 to $7,800 in an hour. The price advance is nice, but the really compelling part about this move is that the price broke through the key resistance line on the chart.\n\nhttps://goldstockbull.com/wp-content/uploads/bitcoin-7800-chart-1.png\n\nWe need to see it hold above this line for a few sessions to confirm the breakout. Ideally this resistance line would then turn into support and act a springboard for the next move back above $10,000. It is hard to predict where the price will go next, but we still believe bitcoin will make a new all-time high and potentially push towards $40,000 by year end. If you have been around for past price rallies, you know just how powerful they can be.\n\nReports have emerged that the global elite have finally seen the writing on the wall and are starting to invest their massive amount of fiat paper in cryptocurrencies. George Soros, the Rockefellers (via Venrock, the official venture-capital arm of the family) and the Rothschilds have all stepped towards cryptocurrency trading recently. They are a little late to the party and despite my disdain for the nefarious means of their wealth accumulation, this news will be bullish for prices.\n\nhttps://goldstockbull.com/wp-content/uploads/soros_rockefeller_rotschild_bitcoin.png\n\nBitcoin and the cryptocurrency sector are awakening from hibernation and appear ready to greet the Spring with another bull market cycle. It is still too early to confirm the breakout, but this certainly seems like a good point to start buying in tranches and dollar cost averaging if you are long-term bull. I remain convinced that prices are headed much higher over the next few years and that the technology is still in its infancy. Bitcoin and cryptocurrencies are here to stay in my view, not only for the technological advancements possible with blockchains, but also because cryptocurrencies are a better form of money than the fractional reserve fiat paper that currently floods the world.\n\nTo get our top cryptocurrency picks, research into initial coin offerings/token sales and our top stocks picks across various sectors, click here to subscribe: https://goldstockbull.com",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"seasonality\"],\"image\":[\"https://goldstockbull.com/wp-content/uploads/bitcoin-price-seasonality.png\",\"https://goldstockbull.com/wp-content/uploads/bitcoin-7800-chart-1.png\",\"https://goldstockbull.com/wp-content/uploads/soros_rockefeller_rotschild_bitcoin.png\"],\"links\":[\"https://goldstockbull.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "e38d975d9bdd034046863509cd2a74142a1ea8dd",
  "block": 18663956,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-03T20:51:00",
  "op": [
    "vote",
    {
      "voter": "jabha",
      "author": "steveouttrim",
      "permlink": "the-best-performing-cryptos-in-2017-33-ranked",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "3a5b822a46c65604a5df57b360bf5f530506d79e",
  "block": 17676427,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-30T13:23:27",
  "op": [
    "vote",
    {
      "voter": "everydayknappa",
      "author": "jabha",
      "permlink": "the-moral-case-for-investing-in-cryptocurrencies",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "2e5e5deeb6cb004ec6a35bb1a0f198493aa463b4",
  "block": 17507171,
  "trx_in_block": 47,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-24T16:17:30",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "80981247efb271910bd907bdee3517142661a66d",
  "block": 17507171,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-24T16:17:30",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "ae8a6c607dcfe004029410b2bb69c38f98fe28c1",
  "block": 17507170,
  "trx_in_block": 31,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-24T16:17:27",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "294061a0b2a11db4a4f4dd1ab75e86bf3d407b5b",
  "block": 17507170,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-24T16:17:27",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "da41ce8152c9d5dd69337f429e24b6bb2730271c",
  "block": 17430819,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-22T00:37:21",
  "op": [
    "vote",
    {
      "voter": "mindsportsio",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "22ab0a3bacac1f09171522305855d416caabdda4",
  "block": 17430818,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-22T00:37:18",
  "op": [
    "vote",
    {
      "voter": "mindsportsio",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 100
    }
  ]
}

{
  "trx_id": "5e4db9f6cc3bc1e30be1dec483c020fac6953567",
  "block": 17404798,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:51",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "ef1eff2f704f2b853abeb10f9092e97408b2fb23",
  "block": 17404798,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:51",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "4ec3ae70b43702b65d6033a793c352ee0e1c3e77",
  "block": 17404798,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:51",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "ac8a70c81aa86ebdeeb4165eae6ace06471bbeaa",
  "block": 17404797,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:48",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "f1dc474b93384f3cd80b08329b29cee305afae90",
  "block": 17404796,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:45",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "a5bbab2f654718acfd444d6c99cf7be385337926",
  "block": 17404796,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:45",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "c65e8d511ab535c6384dc458e196d541f7bf3516",
  "block": 17404796,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-21T02:55:45",
  "op": [
    "vote",
    {
      "voter": "smartonelegal",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "88a0549fad0eb3fb988d6300f886dc89d54cc018",
  "block": 17331484,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-18T13:48:09",
  "op": [
    "vote",
    {
      "voter": "mindsportsio",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 100
    }
  ]
}

{
  "trx_id": "7d9f74f6e84dffcd85f061d2cb6d00fe60055acf",
  "block": 17315009,
  "trx_in_block": 26,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-18T00:04:24",
  "op": [
    "vote",
    {
      "voter": "bikerescue",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "cc80d5f8c751d450dd357bd23825d4507f6ca3f9",
  "block": 17266236,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-16T07:25:18",
  "op": [
    "vote",
    {
      "voter": "jabha",
      "author": "fouadahram",
      "permlink": "2vcxln-love-is-not-all-you-need",
      "weight": -10000
    }
  ]
}

{
  "trx_id": "4d45b83381c84eaabef84259a5a8d2292acda22b",
  "block": 17207531,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:27",
  "op": [
    "vote",
    {
      "voter": "sosiyapettr",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "34862fa106d2822b22379b5766850395ce057d96",
  "block": 17207530,
  "trx_in_block": 24,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:24",
  "op": [
    "vote",
    {
      "voter": "mirosh",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "a54796fd61629375aac8c52f49e3e262cb0527a0",
  "block": 17207530,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:24",
  "op": [
    "vote",
    {
      "voter": "hasuly",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "4e49f748e63f12b7b5c86b46afbf6e2f74a4a6c3",
  "block": 17207530,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:24",
  "op": [
    "vote",
    {
      "voter": "shchemus",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "ccd2599b0f9094750c402affe467853a6436ac8b",
  "block": 17207530,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:24",
  "op": [
    "vote",
    {
      "voter": "uslankhets",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "8931df371dfc75eb1e3476e30af0e17dc69d0c45",
  "block": 17207529,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:21",
  "op": [
    "vote",
    {
      "voter": "hajrulin",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "30457c7589e7eddd9e42b28f22d3987c3d550a52",
  "block": 17207528,
  "trx_in_block": 14,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:18",
  "op": [
    "vote",
    {
      "voter": "huji876",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "43c94196c44145abd34582d28ed18170c2eef969",
  "block": 17207528,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T06:29:18",
  "op": [
    "vote",
    {
      "voter": "alesyacorni",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "7752bb4bd6b9e0776d8f2a3bc9da9c325b6dff49",
  "block": 17204688,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T04:07:18",
  "op": [
    "vote",
    {
      "voter": "trixy",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "2bb52f0e33d496d41ecea3deb12406610579dc0a",
  "block": 17204680,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T04:06:54",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "author": "trixy",
      "permlink": "re-jabha-bitcoin-price-predictions-for-2018-2019-2020-20171114t040632138z",
      "title": "",
      "body": "Hi! I think you might me right with these predictions, it seems that Ethereum will get pretty high by next year!",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "33dc64b0ca512f555e42d84629f129ce9e63ce33",
  "block": 17204338,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T03:49:48",
  "op": [
    "vote",
    {
      "voter": "qwesijnr",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "9659123a51cb073f2f9748e706f1074ff28800e2",
  "block": 17204231,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T03:44:27",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "author": "cheetah",
      "permlink": "cheetah-re-jabhabitcoin-price-predictions-for-2018-2019-2020",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://goldstockbull.com/bitcoin-cryptocurrency-price-prediction/",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "fca203f664801eb5ede7ed92a6fb66d9e28be118",
  "block": 17204230,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T03:44:24",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "weight": 50
    }
  ]
}

{
  "trx_id": "4cc8b9077c34dcf407834ded2bcd65adfb372699",
  "block": 17204224,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-14T03:44:06",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "bitcoin-price-predictions-for-2018-2019-2020",
      "title": "Bitcoin Price Predictions for 2018, 2019, 2020",
      "body": "Bitcoin and other cryptocurrencies have generated some life-changing returns for investors over the past few years. It looks like Bitcoin will close the year 2017 with a gain in excess of 500%, while Ethereum is on track to return nearly 4,000% to investors that bought at the start of the year!\n<h3>Can Cryptocurrency Prices Continue Higher?</h3>\nI believe there is significantly more upside ahead for cryptocurrencies. Part of the reason is that they are still in their infancy, with the technology still developing and adoption still very low. If you understand the revolutionary nature of blockchain technology and free-market money, you will conclude that things are just getting started.\n\nFutures trading on the COMEX exchange is confirmed and we are likely to see the first Bitcoin and Cryptocurrency ETF in the near future. Once institutional money begins flowing into these high-return investments, prices could soar.\n\nAt the present time, it is estimated that less than 1% of the population holds any Bitcoin. With a strictly limited supply of 21 million and rapidly growing demand, the price has the potential to climb much higher. If just 10% of the investing public were to buy Bitcoin, there would be a massive inflow of funds and new demand to push prices higher.\n\nHere are my price predictions or forecasts for Bitcoin, Ethereum, and Litecoin over the next few years...\n<h2>Bitcoin Price Prediction / Forecast</h2>\n<a href=\"https://goldstockbull.com/wp-content/uploads/bitcoin-price-prediction.gif\"><img class=\"alignnone size-full wp-image-5740\" src=\"https://goldstockbull.com/wp-content/uploads/bitcoin-price-prediction.gif\" alt=\"bitcoin price forecast\" width=\"500\" height=\"281\" /></a>\n\n2017 Bitcoin Price Prediction: $8,000\n\n2018 Bitcoin Price Prediction: $25,000\n\n2019 Bitcoin Price Prediction: $100,000\n\n2020 Bitcoin Price Prediction: $200,000+\n<h2>Ethereum Price Prediction / Forecast</h2>\n<a href=\"https://goldstockbull.com/wp-content/uploads/ETHEREUM.png\"><img class=\"alignnone size-full wp-image-5290\" src=\"https://goldstockbull.com/wp-content/uploads/ETHEREUM.png\" alt=\"ethereum price prediction\" width=\"500\" height=\"394\" /></a>\n\n2017 Ethereum Price Prediction: $400\n\n2018 Ethereum Price Prediction: $2,000\n\n2019 Ethereum Price Prediction: $6,000\n\n2020 Ethereum Price Prediction: $15,000+\n<h2>Litecoin Price Prediction / Forecast</h2>\n<a href=\"https://goldstockbull.com/wp-content/uploads/litecoin-price-higher.jpg\"><img class=\"alignnone size-full wp-image-5706\" src=\"https://goldstockbull.com/wp-content/uploads/litecoin-price-higher.jpg\" alt=\"litecoin price prediction\" width=\"550\" height=\"360\" /></a>\n\n2017 Litecoin Price Prediction: $80\n\n2018 Litecoin Price Prediction: $1,000\n\n2019 Litecoin Price Prediction: $6,000\n\n2020 Litecoin Price Prediction: $15,000+\n\nI don't have a crystal ball and these are just my personal predictions based on my research. If you want to follow which cryptocurrencies we currently hold in our portfolio, which initial coin offerings (ICOs) we think have the greatest potential, plus receive our monthly newsletter and weekly trade alerts, click the button below to get started.\n\n<a href=\"https://goldstockbull.com/members/signup.php\"><img class=\"alignnone size-full wp-image-598\" src=\"https://goldstockbull.com/wp-content/uploads/button_get_started.gif\" alt=\"get started\" width=\"223\" height=\"50\" /></a>",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"price\",\"prediction\",\"forecast\"],\"image\":[\"https://goldstockbull.com/wp-content/uploads/bitcoin-price-prediction.gif\",\"https://goldstockbull.com/wp-content/uploads/ETHEREUM.png\",\"https://goldstockbull.com/wp-content/uploads/litecoin-price-higher.jpg\",\"https://goldstockbull.com/wp-content/uploads/button_get_started.gif\"],\"links\":[\"https://goldstockbull.com/wp-content/uploads/bitcoin-price-prediction.gif\",\"https://goldstockbull.com/wp-content/uploads/ETHEREUM.png\",\"https://goldstockbull.com/wp-content/uploads/litecoin-price-higher.jpg\",\"https://goldstockbull.com/members/signup.php\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "b9653f4c247067dc6ea52ef392137e61bd778b5e",
  "block": 17178327,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-13T06:09:09",
  "op": [
    "vote",
    {
      "voter": "sophistry",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "f099c4c8114b3ad0b1bffb0597748d7497f05ead",
  "block": 17178275,
  "trx_in_block": 30,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-13T06:06:33",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "author": "cheetah",
      "permlink": "cheetah-re-jabhawhy-i-m-not-buying-into-the-bitcoin-cash-hype",
      "title": "",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://goldstockbull.com/articles/why-im-not-buying-into-the-bitcoin-cash-hype/",
      "json_metadata": ""
    }
  ]
}

{
  "trx_id": "a9adf47bcedb9b5c61c2f0c713f88b46afb15172",
  "block": 17178274,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-13T06:06:30",
  "op": [
    "vote",
    {
      "voter": "cheetah",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "weight": 50
    }
  ]
}

{
  "trx_id": "59243852ed11a029d310b3f807b38f46c90df7e8",
  "block": 17178264,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-11-13T06:06:00",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "why-i-m-not-buying-into-the-bitcoin-cash-hype",
      "title": "Why I’m Not Buying into the Bitcoin Cash Hype",
      "body": "<a href=\"https://goldstockbull.com/wp-content/uploads/Bitcoin_Cash.png\"><img class=\"alignright size-full wp-image-5738\" src=\"https://goldstockbull.com/wp-content/uploads/Bitcoin_Cash.png\" alt=\"bitcoin cash\" width=\"300\" height=\"251\" /></a>\n\nBitcoin Cash (BCH) was a fork of Bitcoin blockchain ledger that launched on August 1st and increased the block size to 8MB. The stated goal of this fork is to lower fees and speed up transaction times. At the time of the fork, those holding Bitcoin received an equal number of Bitcoin Cash coins.\n\nBitcoin Cash is in the headlines after the price spiked roughly 6x in a matter of just 4 days. FOMO (fear of missing out) started to kick in and people bid up the price from $400 at the start of November to a high of $2,450 on November 12th. Bitcoin Cash overtook Ethereum in terms of market capitalization and many people started to believe it would overtake Bitcoin at the #1 spot. It has since dropped by to #3, but not far from the valuation of Ethereum or 8x the valuation of Litecoin.\n\n<a href=\"https://goldstockbull.com/wp-content/uploads/top-cryptos.png\"><img class=\"alignnone size-full wp-image-5736\" src=\"https://goldstockbull.com/wp-content/uploads/top-cryptos.png\" alt=\"crypto rankings\" width=\"743\" height=\"418\" /></a>\n\nThe price of Bitcoin Cash (BCH) has dropped sharply from the high around $2,450 to $1,200, before rebounding to $1,450 over the past few hours. Lower highs and lower lows on the chart is usually bearish for any pricing pattern. A breakout back above $1,500 in the near term would change this and another drop below $1,250 would likely lead to the price crashing back below $1,000.\n\n<a href=\"https://goldstockbull.com/wp-content/uploads/bitcoin-cash-1.png\"><img class=\"alignnone size-full wp-image-5735\" src=\"https://goldstockbull.com/wp-content/uploads/bitcoin-cash-1.png\" alt=\"bitcoin cash bch\" width=\"800\" height=\"702\" /></a>\n\nAnother potential reason for the Bitcoin Cash pump is an upcoming fork of BCH. Some investors are expecting free coins from the fork as they received when Bitcoin Cash forked from Bitcoin Core. But this is really just a feature upgrade which will attempt to reverse the emergency difficulty adjustment (EDA) rule.\n\nI did not buy the rally and argued against what I viewed as a ridiculous valuation for Bitcoin Cash. I don't deny the scalability issues plaguing Bitcoin at the moment, but Bitcoin Cash is a solution in search of problem. Why?\n\nHere are my issues with this price rise and theory of Bitcoin Cash dominance...\n<ol>\n \t<li>Bitcoin Cash is not solving any real world problem and there is literally no reason for its existence. Litecoin, Dash and even Ethereum already offer fast and near-zero cost transactions. Bitcoin Cash and those behind it are simply trying to \"cash\" in on the Bitcoin name, essentially stealing the branding.</li>\n \t<li>Bitcoin Cash is more centralized than Bitcoin and includes a CEO that issues press releases. Also, perpetual on-chain scaling is believed to destroy decentralization.</li>\n \t<li>Bitcoin Cash is not nearly as secure as Bitcoin. Because its network hashrate is a lot less than BTC, a small BTC pool can 51% attack it.</li>\n \t<li>The development team has nowhere near the competency of the Bitcoin Core team. Bitcoin Cash does not have layer 2 solutions such as Segwit or Lightning Network.</li>\n \t<li>Bitcoin Cash is supported primarily by miners as they are able profit from an ASIC exploit (ASICBoost), which allows a small group to mine the coins at significantly greater efficiency (20%+) than anyone else. Bitmain has a monopoly on mining hardware and they are only accepting Bitcoin Cash for their rigs.</li>\n \t<li>Despite this, it quickly eclipsed the valuation of Ethereum with no technical innovation other than doubling the block size. Think about that for a moment. Bitcoin Cash, which literally just came into existence a few months ago and offers no true innovation, is currently valued at over $20 billion!</li>\n</ol>\nThe valuation briefly eclipsed that of Ethereum, a company that does offer true innovation as the first and largest smart-contract platform on the blockchain. There is a reason that hundreds of new companies have chose to run on their ERC20 platform. Ethereum has some of the top coders working on the project, is quickly improving their technology and is expected to soon be able to offer more transactions per second than Visa, has implemented private transactions via ZK-Snarks and has continually been at the forefront of cutting edge technology.\n\nThe Enterprise Ethereum Alliance (EEA) has over 150 members in the alliance, including <a title=\"ConsenSys\" href=\"https://en.wikipedia.org/wiki/ConsenSys\">ConsenSys</a>, <a title=\"CME Group\" href=\"https://en.wikipedia.org/wiki/CME_Group\">CME Group</a>, <a title=\"Cornell University\" href=\"https://en.wikipedia.org/wiki/Cornell_University#Research\">Cornell University's research group</a>, <a title=\"Toyota Group\" href=\"https://en.wikipedia.org/wiki/Toyota_Group\">Toyota Research Institute</a>, <a title=\"Samsung SDS\" href=\"https://en.wikipedia.org/wiki/Samsung_SDS\">Samsung SDS</a>, <a title=\"Microsoft\" href=\"https://en.wikipedia.org/wiki/Microsoft\">Microsoft</a>, <a title=\"Intel\" href=\"https://en.wikipedia.org/wiki/Intel\">Intel</a>, <a class=\"mw-redirect\" title=\"J.P. Morgan\" href=\"https://en.wikipedia.org/wiki/J.P._Morgan\">J.P. Morgan</a>, <a class=\"mw-redirect\" title=\"Merck KGaA\" href=\"https://en.wikipedia.org/wiki/Merck_KGaA\">Merck KGaA</a>, <a title=\"Depository Trust &amp; Clearing Corporation\" href=\"https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation\">DTCC</a>, <a title=\"Deloitte\" href=\"https://en.wikipedia.org/wiki/Deloitte\">Deloitte</a>, <a title=\"Accenture\" href=\"https://en.wikipedia.org/wiki/Accenture\">Accenture</a>, <a title=\"Banco Santander\" href=\"https://en.wikipedia.org/wiki/Banco_Santander\">Banco Santander</a>, <a class=\"mw-redirect\" title=\"BNY Mellon\" href=\"https://en.wikipedia.org/wiki/BNY_Mellon\">BNY Mellon</a>, <a title=\"ING Group\" href=\"https://en.wikipedia.org/wiki/ING_Group\">ING</a>, and <a title=\"National Bank of Canada\" href=\"https://en.wikipedia.org/wiki/National_Bank_of_Canada\">National Bank of Canada</a>. Recent additions include <a title=\"MasterCard\" href=\"https://en.wikipedia.org/wiki/MasterCard\">MasterCard</a>, <a title=\"Cisco Systems\" href=\"https://en.wikipedia.org/wiki/Cisco_Systems\">Cisco Systems</a>, and <a title=\"Scotiabank\" href=\"https://en.wikipedia.org/wiki/Scotiabank\">Scotiabank</a>.\n\n<a href=\"https://goldstockbull.com/wp-content/uploads/enterprise-ethereum-alliance.png\"><img class=\"alignnone size-full wp-image-5733\" src=\"https://goldstockbull.com/wp-content/uploads/enterprise-ethereum-alliance.png\" alt=\"\" width=\"800\" height=\"429\" /></a>\n\nYet, promoters of Bitcoin Cash have managed to convince investors that it should be valued similar to Ethereum. And unfortunately for those investors, the price of Bitcoin Cash rapidly crashed from $2,450 to just $1,200 over the past 24 hours, for a decline of more than 50%.\n\nI have no issue with new cryptocurrencies forking  and trying to compete in the market. But Bitcoin Cash co-opted the Bitcoin name and is claiming to be the Bitcoin, pushing forward without the support of the core developers that have brought Bitcoin to the place it is today, along with a $200 billion market valuation.\n\nWhile Bitcoin Cash does offer faster/cheaper transactions at the current time, this is likely not sustainable over time as the BCH blockchain grows. Since they don't offer second layer solutions, this will eventually become an issue for Bitcoin Cash, while the Bitcoin Core will be able to scale with Segwit and Lightning solutions.\n\nBut as mentioned, there really is no reason for Bitcoin Cash to exist. Several cryptocurrencies that are trusted and have been around longer, already offer near immediate and zero cost transactions. Dash has released a new software upgrade that cuts transaction cost to near zero, while doubling network capacity. The release of 12.2 of the Dash Core software comes with new features, improvements and bug fixes, the organization announced earlier this week.\n\n<a href=\"https://goldstockbull.com/wp-content/uploads/roger-ver-BCH.png\"><img class=\"alignleft size-full wp-image-5731\" src=\"https://goldstockbull.com/wp-content/uploads/roger-ver-BCH.png\" alt=\"bitcoin cash ver\" width=\"478\" height=\"478\" /></a>\n\nBitcoin Cash is being pushed primarily by miners that are able to use the ASIC exploit to their advantage. Bitmain in particular would prefer to see larger blocks that keep the ASIC exploit in order to be more profitable. The preserving of this exploit that the Chinese miners have invested so much money into is a key feature of Bitcoin Cash as it keeps their advantage alive. Segwit stops this advantage, which explains why they are so hostile towards Layer 2 scaling solutions.\n\nThis is fine, but what is best for the big cryptocurrency miners is not necessarily what is best for the larger cryptocurrency community.\n\nFurthermore, there is evidence that a larger percentage of the volume occurring during the latest Bitcoin Cash pump was coming from Korean exchanges. Not only was the volume higher than usual, but there was also a significant price premium.\n\nWith the miners owning so much of BCH, some have speculated that they are able to manipulate the price artificially and have either created or exasperated the price rise over the past few days. In fact, there was an anonymous miner that kept BCH alive by continuing to mine the coin even when mining Bitcoin was up to 50% more profitable.\n\nRoger Ver and Jihan Wu are two of the major promoters of Bitcoin Cash and I believe they are attempting to convince Bitcoin holders to dump in favor of Bitcoin Cash. There may be philosophical difference in how the two groups see Bitcoin, but this ultimately smells like a simple cash grab and engineered dip. Bitcoin Cash is likely a backup plan for those that supported B2x and they are desperate to pump a takeover coin that they can control.\n\nRoger Ver told Forbes via email that he is selling his Bitcoin for Bitcoin Cash:\n<blockquote>\"Bitcoin Cash is useful in commerce, and therefore can also be used as a store of value,\" he wrote, referring indirectly to the high transaction fees on Bitcoin; Bitcoin Cash has much lower fees. When asked if he was trying to move the price, he said, \"Of course not. No trader ever wants to be the one to move the price.\"</blockquote>\nAnother big proponent of Bitcoin Cash, Jihan Wu, the CEO of Bitcoin mining equipment manufacturer Bitmain and mining pool Antpool, wrote via WeChat, \"Right now we have both BCH and BTC, but we believe BCH has more potential.\" He denied that he or his companies sold Bitcoin for Bitcoin Cash on Friday or Saturday during the price gyrations.\n\nAs Charlie Lee, creator of Litecoin put it:\n<blockquote>I think because miners need a coin to keep mining using Asicboost. They managed to fool the BCH supporters with their SegShit FUD. Without SegWit, it will never get future tech upgrades like LN, Schnorr, etc. No way it can compete with BTC or LTC.</blockquote>\nI believe that if the market was left to decide for itself, we would not be seeing this huge pump in price absent major news. The whole price pump does not seem natural to me, particularly because other coins offer excellent capabilities for fast and cheap transactions, but with better technology and developers. Can anyone really make a solid argument for not using Segregated Witness (Segwit) to scale? Why does BCH refuse to use it?\n\nBitcoin Cash has become significantly more profitable to mine than Bitcoin, stealing has power from BTC. This is increasing the transaction time and costs for Bitcoin transactions. This could take several weeks to correct, as the profitability for mining BCH drops and miners shift back to mining BTC.\n\nIn Satoshi's vision, many believe Bitcoin was never meant to be a full-blown currency or transaction layer. Bitcoin is a value layer or wealth storage layer and it serves this purpose very well. Sidechains will provide the functionality for fast and low-cost transactions and this tech is on the way.\n\nOn the other hand, Satoshi Nakamoto's confidant Gavin Andresen has said that he support Bitcoin Cash. He recently said: \"Bitcoin Cash is what I started working on in 2010: a store of value and means of exchange.\"\n<h2>Summary of Why I am Not Buying Bitcoin Cash</h2>\nWe are in unchartered territory with new technology and new forms of money carving out their place in history. It is undoubtedly an exciting time to be alive. However, I don't believe that the rise in the price of Bitcoin Cash can be sustained. I think it is being driven by self-serving miners colluding with Asian exchanges and a disaffected group that did not get the SegWit2x fork that they wanted.\n\nWhile it is true that Bitcoin is facing scaling issues, it has still proven to be an excellent store of value and has provided some of the best returns of any investment in history. Those looking for a cryptocurrency focused on lower transaction costs have several viable options without forking Bitcoin, stealing the name and trying to convince investors it will be the final version of Bitcoin.\n\nI believe that the current scaling issues will be solved in the near term and are better addressed via Layer 2 solutions than by increasing the block size to 8MB. So, I am keeping the majority of my funds in Bitcoin (BTC) and buying the current dip below $6,000. I am not jumping on the Bitcoin Cash (BCH) bandwagon and while the coin is likely to survive, I don't believe that it deserves a valuation anywhere near that of Bitcoin, let alone Ethereum.\n\n<a href=\"https://goldstockbull.com/members/signup.php\">Sign up here</a> to get our top cryptocurrency picks, in-depth research, ICO tracker and monthly newsletter.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cash\",\"bch\",\"ver\",\"bitmain\"],\"image\":[\"https://goldstockbull.com/wp-content/uploads/Bitcoin_Cash.png\",\"https://goldstockbull.com/wp-content/uploads/top-cryptos.png\",\"https://goldstockbull.com/wp-content/uploads/bitcoin-cash-1.png\",\"https://goldstockbull.com/wp-content/uploads/enterprise-ethereum-alliance.png\",\"https://goldstockbull.com/wp-content/uploads/roger-ver-BCH.png\"],\"links\":[\"https://goldstockbull.com/wp-content/uploads/Bitcoin_Cash.png\",\"https://goldstockbull.com/wp-content/uploads/top-cryptos.png\",\"https://goldstockbull.com/wp-content/uploads/bitcoin-cash-1.png\",\"https://en.wikipedia.org/wiki/ConsenSys\",\"https://en.wikipedia.org/wiki/CME_Group\",\"https://en.wikipedia.org/wiki/Cornell_University#Research\",\"https://en.wikipedia.org/wiki/Toyota_Group\",\"https://en.wikipedia.org/wiki/Samsung_SDS\",\"https://en.wikipedia.org/wiki/Microsoft\",\"https://en.wikipedia.org/wiki/Intel\",\"https://en.wikipedia.org/wiki/J.P._Morgan\",\"https://en.wikipedia.org/wiki/Merck_KGaA\",\"https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation\",\"https://en.wikipedia.org/wiki/Deloitte\",\"https://en.wikipedia.org/wiki/Accenture\",\"https://en.wikipedia.org/wiki/Banco_Santander\",\"https://en.wikipedia.org/wiki/BNY_Mellon\",\"https://en.wikipedia.org/wiki/ING_Group\",\"https://en.wikipedia.org/wiki/National_Bank_of_Canada\",\"https://en.wikipedia.org/wiki/MasterCard\",\"https://en.wikipedia.org/wiki/Cisco_Systems\",\"https://en.wikipedia.org/wiki/Scotiabank\",\"https://goldstockbull.com/wp-content/uploads/enterprise-ethereum-alliance.png\",\"https://goldstockbull.com/wp-content/uploads/roger-ver-BCH.png\",\"https://goldstockbull.com/members/signup.php\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "e5e1b20bea5a50169e1b785c89290ef88675b1c5",
  "block": 15645195,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-20T23:32:33",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "the-moral-case-for-investing-in-cryptocurrencies",
      "author": "kaitlynmoore01",
      "permlink": "re-jabha-the-moral-case-for-investing-in-cryptocurrencies-20170920t233232916z",
      "title": "",
      "body": "Solid post. I was about to start a similair discussion. Investing in cryptos is still a risky thing. I was researching a way to do better investment analysis on the current cryptos. Does anyone know about:  https://www.coincheckup.com The best crypto analysis site by far. Complete in depth investment analysis.",
      "json_metadata": "{\"tags\":[\"cryptocurrencies\"],\"links\":[\"https://www.coincheckup.com\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "e6a89e02a9682b1256c0031ec00381a215915e13",
  "block": 15451714,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T06:14:48",
  "op": [
    "vote",
    {
      "voter": "creativetruth",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "99af44aa8d6c5e402efb0ad78866fde1de00ae8f",
  "block": 15451711,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T06:14:39",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "author": "creativetruth",
      "permlink": "re-jabha-jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more-20170914t061440194z",
      "title": "",
      "body": "I can't wait for the day when people start using paper money as toilet paper as payback for the crap bankers have put us through.",
      "json_metadata": "{\"tags\":[\"jamie\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "7665925b0cb351f4823a16b0ded9de451aba3715",
  "block": 15451634,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T06:10:48",
  "op": [
    "vote",
    {
      "voter": "plofkat",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "c88eecd995922a9b0c74982ee34cbbca29806d33",
  "block": 15451449,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T06:01:33",
  "op": [
    "vote",
    {
      "voter": "platinum.elite",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "24cb3fad59f69a6e79ac7d603700188475f0a92c",
  "block": 15451324,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:55:18",
  "op": [
    "vote",
    {
      "voter": "miyata1987",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "d7595feb788a6cc77e7a63ed6eff8a400b600a61",
  "block": 15451139,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:46:03",
  "op": [
    "vote",
    {
      "voter": "navas",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "88aca15955ab8d822197f4271991ea8700e5ee64",
  "block": 15451127,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:45:27",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "author": "srkattel",
      "permlink": "re-jabha-jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more-20170914t054526211z",
      "title": "",
      "body": "LOL, Bitcoin is the revolutionary idea not only the currency. It will never die. Good post, keep it up",
      "json_metadata": "{\"tags\":[\"jamie\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "a8c4cdc5bc053a01e77cc434ab55fcf25bafcb4e",
  "block": 15451051,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:41:39",
  "op": [
    "vote",
    {
      "voter": "abbeys",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "f45d78cb946a06a883fda84f763d6e937178b623",
  "block": 15451037,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:40:57",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "jamie",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "title": "Jamie Dimon Said Bitcoin is a Fraud, So I Bought More",
      "body": "*“We don’t like their sound, and guitar music is on the way out.”*\n\n— Decca Recording Co. rejecting the Beatles, 1962.\n\nBitcoin, Ethereum and other cryptocurrencies dipped today after JP Morgan chief Jamie Dimon called Bitcoin a “fraud that will eventually blow up” at a New York conference. He said it is “worse than Tulip Mania” and “only for drug dealers, murderers and people living in North Korea or Venezuela.” He even threatened to fire any of his employees that would dare to trade and profit from it, citing their “stupidity.”\n\nSomeone seems threatened by cryptocurrency and is lashing out in a very hostile way.\n\n![dimon1.jpg](https://steemitimages.com/DQmYa1F5mhs13afPhgKr1ffx7RihVYKdcZib5Uxd5zAEWCB/dimon1.jpg)\n\nOf course, those criticisms make little sense and the irony is thick coming from Dimon. Lest we forget, his bank became over-leveraged, made predatory loans, took out-sized risks with complicated financial derivatives, contributed to the crash of the economy and wiped out the savings of millions of Americans.\n\nThen he needed a taxpayer bailout, on top of unlimited credit a near-zero rates, just to survive. Unfortunately, he didn’t go to jail, despite clear crimes, negligence and breach of fiduciary duty. Now he has the nerve to speak out against Bitcoin, as if he is an authority on the topic or has an ounce of credibility left.\n\nJohn McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position “are not idiots,” but he challenged Dimon’s criticism.\n\n“You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday. “I’m a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It’s called proof of work.”\n\n“And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said. “Sure it will rise and fall as all new technologies are. But at the same time, it is certainly not a fraud.”\n\nI doubt Dimon thinks it is a fraud either, as he has attempted to patent a “bitcoin alternative” multiple times without success. It is only a fraud to him because he and his banker/government buddies can’t control it.\n\n![dimon2.jpg](https://steemitimages.com/DQmXu35tQYxyvWwrx9d3mBTTxjLqPN3pcjLVsnLsLdk6DFT/dimon2.jpg)\n\nThe conflict of interest is clear here, as Bitcoin threatens the profits and potentially the very existence of big banks like the one he runs. Yet, Dimon admitted that his daughter bought some and thinks she is a genius. That comment drew some laughter from the crowd, but his daughter has outperformed the vast majority of JPM’s high-paid ivy league traders over the past few years. Ouch! At least one member of the Dimon family is well hedged. Then again, we suspect Mr. Dimon is engaging in the time-honored trading of “do as I say, not as I do.”\n\n![dimon3.jpg](https://steemitimages.com/DQmdC9YEVMYSGQqx1oD6HHLzqnK39G77NJaZwk4J37oS2QR/dimon3.jpg)\n\nDimon’s comments came as Bitcoin was already feeling pressure from threats by the Chinese government to ban ICOs and exchanges. Those that still look up to Dimon as some type of reputable investor may have been spooked by his comments and contributed to the current sell off. But let’s take a quick look at his track record of predictions about Bitcoin.\\\n\nOn January 23rd, 2014, he said that “Bitcoin is a terrible store of value.” The price was $854 at the time and has since gone up roughly 368%, even after the latest correction.\n\nOn November 11th, 2015, he said that “Bitcoin will not survive.” The price was $388 at the time and has since gone up 931%!\n\nOn January 20th, 2016, he said that “Bitcoin is going nowhere.” Yet it proceeded to climb from $419 on that day to $5,000, before correcting back to around $4,000 today. That is a gain of 854% in under 2 years.\n\nMeanwhile, the company that he runs, JPMorgan (JPM), has generated a return of just 51% for investors over the past 3 years. Not a bad return to be sure, but nowhere near the rates of return that Bitcoin investors have enjoyed. Furthermore, investors holding JPM over the past six months are sitting on a loss, while Bitcoin investors are up 233% in the same time period.\n\nThe Bitcoin price slid to a low of around $3,750 this morning, but has since bounced back to $3,900. The technical chart below highlights the key support and resistance levels to watch going forward.\n\n![bitcoin chart 9-13.png](https://steemitimages.com/DQmeHPBn87JKEyqeJTeFPFUAHkM6woJg4uCp3fFUKaeKRZa/bitcoin%20chart%209-13.png)\n\nThe price point of $3,750 was a key support level last month and again during the current sell off. The Bitcoin price has bounced off this level today. This double bottom increases the odds of $3,750 holding. It is fails, we will be looking for support at $3,500 or $3,200 to hold and buying aggressively at these prices.\n\nI think we have likely seen the worst of this correction, but I can’t rule out a drop to the $3,250 – $3,500 range before it finally bottoms. The price has already dropped 25% from the recent high, but past corrections were in the 30 to 35% range. A drop to $3,500 would be a 30% correction and a drop to $3,250 would be a 35% correction from the high of $5,000.\n\nWhile some degree of profit-taking is normal and healthy for any bull market, I believe this sell-off is being driven largely by unsubstantiated FUD (fear, uncertainty and doubt). China has not outright banned ICOs or exchanges, but is more likely to announce regulations in the weeks ahead. This should not have come as a surprise to anyone and may actually weed out some of the scams in this sector.\n\nThe major Chinese exchanges have yet to receive any cease and desist notices from Chinese authorities. Several Chinese ICOs continue, although they have excluded Chinese citizens from participating until the government makes a clearer ruling.\n\nFurthermore, selling pressure derived from (financial criminal) Dimon’s comments is surely not going to last. He was back at it again today, commenting about how Bitcoin is a “pyramid scheme.” I think the attacks will likely increase and I view this development as a clear sign that the legacy financial players are very worried. Dimon’s comments are a buy signal in my view.\n\nHe has proven his inability to comprehend the cryptocurrency market or predict prices. I understand his high profile will cause many people to listen and panic sell, but I am confident this just amounts to a buying opportunity for long-term holders.\n\nAll of my cryptocurrency research (ICOs and exchange-listed buys) can be found on the [GSB Cryptocurrency Tracker](https://docs.google.com/spreadsheets/d/1oNWInqMuP0Qb8aTLkx0JbZHUCJgyWyiVAW44m13c9JY/edit?usp=sharing).",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"jamie\",\"dimon\",\"cryptocurrency\"],\"image\":[\"https://steemitimages.com/DQmYa1F5mhs13afPhgKr1ffx7RihVYKdcZib5Uxd5zAEWCB/dimon1.jpg\",\"https://steemitimages.com/DQmXu35tQYxyvWwrx9d3mBTTxjLqPN3pcjLVsnLsLdk6DFT/dimon2.jpg\",\"https://steemitimages.com/DQmdC9YEVMYSGQqx1oD6HHLzqnK39G77NJaZwk4J37oS2QR/dimon3.jpg\",\"https://steemitimages.com/DQmeHPBn87JKEyqeJTeFPFUAHkM6woJg4uCp3fFUKaeKRZa/bitcoin%20chart%209-13.png\"],\"links\":[\"https://docs.google.com/spreadsheets/d/1oNWInqMuP0Qb8aTLkx0JbZHUCJgyWyiVAW44m13c9JY/edit?usp=sharing\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "e1b0db58cc4a1280e8210ad84c17e7a3bf3c05bd",
  "block": 15451007,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-14T05:39:27",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "jamie",
      "author": "jabha",
      "permlink": "jamie-dimon-said-bitcoin-is-a-fraud-so-i-bought-more",
      "title": "Jamie Dimon Said Bitcoin is a Fraud, So I Bought More",
      "body": "*“We don’t like their sound, and guitar music is on the way out.”*\n\n— Decca Recording Co. rejecting the Beatles, 1962.\n\nBitcoin, Ethereum and other cryptocurrencies dipped today after JP Morgan chief Jamie Dimon called Bitcoin a “fraud that will eventually blow up” at a New York conference. He said it is “worse than Tulip Mania” and “only for drug dealers, murderers and people living in North Korea or Venezuela.” He even threatened to fire any of his employees that would dare to trade and profit from it, citing their “stupidity.”\n\nSomeone seems threatened by cryptocurrency and is lashing out in a very hostile way.\n\n![dimon1.jpg](https://steemitimages.com/DQmYa1F5mhs13afPhgKr1ffx7RihVYKdcZib5Uxd5zAEWCB/dimon1.jpg)\n\nOf course, those criticisms make little sense and the irony is thick coming from Dimon. Lest we forget, his bank became over-leveraged, made predatory loans, took out-sized risks with complicated financial derivatives, contributed to the crash of the economy and wiped out the savings of millions of Americans.\n\nThen he needed a taxpayer bailout, on top of unlimited credit a near-zero rates, just to survive. Unfortunately, he didn’t go to jail, despite clear crimes, negligence and breach of fiduciary duty. Now he has the nerve to speak out against Bitcoin, as if he is an authority on the topic or has an ounce of credibility left.\n\nJohn McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position “are not idiots,” but he challenged Dimon’s criticism.\n\n“You called bitcoin a fraud,” McAfee told CNBC’s “Fast Money” on Wednesday. “I’m a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It’s called proof of work.”\n\n“And the fact that bitcoin is consistently growing in its use and its value has to say something,” McAfee said. “Sure it will rise and fall as all new technologies are. But at the same time, it is certainly not a fraud.”\n\nI doubt Dimon thinks it is a fraud either, as he has attempted to patent a “bitcoin alternative” multiple times without success. It is only a fraud to him because he and his banker/government buddies can’t control it.\n\n![dimon2.jpg](https://steemitimages.com/DQmXu35tQYxyvWwrx9d3mBTTxjLqPN3pcjLVsnLsLdk6DFT/dimon2.jpg)\n\nThe conflict of interest is clear here, as Bitcoin threatens the profits and potentially the very existence of big banks like the one he runs. Yet, Dimon admitted that his daughter bought some and thinks she is a genius. That comment drew some laughter from the crowd, but his daughter has outperformed the vast majority of JPM’s high-paid ivy league traders over the past few years. Ouch! At least one member of the Dimon family is well hedged. Then again, we suspect Mr. Dimon is engaging in the time-honored trading of “do as I say, not as I do.”\n\n![dimon3.jpg](https://steemitimages.com/DQmdC9YEVMYSGQqx1oD6HHLzqnK39G77NJaZwk4J37oS2QR/dimon3.jpg)\n\nDimon’s comments came as Bitcoin was already feeling pressure from threats by the Chinese government to ban ICOs and exchanges. Those that still look up to Dimon as some type of reputable investor may have been spooked by his comments and contributed to the current sell off. But let’s take a quick look at his track record of predictions about Bitcoin.\\\n\nOn January 23rd, 2014, he said that “Bitcoin is a terrible store of value.” The price was $854 at the time and has since gone up roughly 368%, even after the latest correction.\n\nOn November 11th, 2015, he said that “Bitcoin will not survive.” The price was $388 at the time and has since gone up 931%!\n\nOn January 20th, 2016, he said that “Bitcoin is going nowhere.” Yet it proceeded to climb from $419 on that day to $5,000, before correcting back to around $4,000 today. That is a gain of 854% in under 2 years.\n\nMeanwhile, the company that he runs, JPMorgan (JPM), has generated a return of just 51% for investors over the past 3 years. Not a bad return to be sure, but nowhere near the rates of return that Bitcoin investors have enjoyed. Furthermore, investors holding JPM over the past six months are sitting on a loss, while Bitcoin investors are up 233% in the same time period.\n\nThe Bitcoin price slid to a low of around $3,750 this morning, but has since bounced back to $3,900. The technical chart below highlights the key support and resistance levels to watch going forward.\n\n![bitcoin chart 9-13.png](https://steemitimages.com/DQmeHPBn87JKEyqeJTeFPFUAHkM6woJg4uCp3fFUKaeKRZa/bitcoin%20chart%209-13.png)\n\nThe price point of $3,750 was a key support level last month and again during the current sell off. The Bitcoin price has bounced off this level today. This double bottom increases the odds of $3,750 holding. It is fails, we will be looking for support at $3,500 or $3,200 to hold and buying aggressively at these prices.\n\nI think we have likely seen the worst of this correction, but I can’t rule out a drop to the $3,250 – $3,500 range before it finally bottoms. The price has already dropped 25% from the recent high, but past corrections were in the 30 to 35% range. A drop to $3,500 would be a 30% correction and a drop to $3,250 would be a 35% correction from the high of $5,000.\n\nWhile some degree of profit-taking is normal and healthy for any bull market, I believe this sell-off is being driven largely by unsubstantiated FUD (fear, uncertainty and doubt). China has not outright banned ICOs or exchanges, but is more likely to announce regulations in the weeks ahead. This should not have come as a surprise to anyone and may actually weed out some of the scams in this sector.\n\nThe major Chinese exchanges have yet to receive any cease and desist notices from Chinese authorities. Several Chinese ICOs continue, although they have excluded Chinese citizens from participating until the government makes a clearer ruling.\n\nFurthermore, selling pressure derived from (financial criminal) Dimon’s comments is surely not going to last. He was back at it again today, commenting about how Bitcoin is a “pyramid scheme.” I think the attacks will likely increase and I view this development as a clear sign that the legacy financial players are very worried. Dimon’s comments are a buy signal in my view.\n\nHe has proven his inability to comprehend the cryptocurrency market or predict prices. I understand his high profile will cause many people to listen and panic sell, but I am confident this just amounts to a buying opportunity for long-term holders.\n\nAll of my cryptocurrency research (ICOs and exchange-listed buys) can be found on the [GSB Cryptocurrency Tracker](https://docs.google.com/spreadsheets/d/1oNWInqMuP0Qb8aTLkx0JbZHUCJgyWyiVAW44m13c9JY/edit?usp=sharing).",
      "json_metadata": "{\"tags\":[\"jamie\",\"dimon\",\"bitcoin\",\"correction\",\"irony\"],\"image\":[\"https://steemitimages.com/DQmYa1F5mhs13afPhgKr1ffx7RihVYKdcZib5Uxd5zAEWCB/dimon1.jpg\",\"https://steemitimages.com/DQmXu35tQYxyvWwrx9d3mBTTxjLqPN3pcjLVsnLsLdk6DFT/dimon2.jpg\",\"https://steemitimages.com/DQmdC9YEVMYSGQqx1oD6HHLzqnK39G77NJaZwk4J37oS2QR/dimon3.jpg\",\"https://steemitimages.com/DQmeHPBn87JKEyqeJTeFPFUAHkM6woJg4uCp3fFUKaeKRZa/bitcoin%20chart%209-13.png\"],\"links\":[\"https://docs.google.com/spreadsheets/d/1oNWInqMuP0Qb8aTLkx0JbZHUCJgyWyiVAW44m13c9JY/edit?usp=sharing\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "976c940ebe1821ae15517247db7ddf560031a404",
  "block": 15082022,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-01T10:01:09",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-jabha-20170901t100109000z",
      "title": "",
      "body": "Congratulations @jabha! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpayout.png)](http://steemitboard.com/@jabha) You got your First payout\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}"
    }
  ]
}

{
  "trx_id": "605676d623995790a7d621184744fdf293601de5",
  "block": 15079161,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-09-01T07:38:00",
  "op": [
    "vote",
    {
      "voter": "coins4max",
      "author": "jabha",
      "permlink": "re-blueblarflubar-tokencard-tkn-s-business-model-makes-absolutely-no-sense-20170731t214717333z",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "d12745e3d109d032945977e30e4029f9ce78f95e",
  "block": 14803075,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-22T17:24:21",
  "op": [
    "vote",
    {
      "voter": "jabha",
      "author": "boxmining",
      "permlink": "gy79pb0u",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "01d8899436f659d651b25bf40b4ca77921a6839f",
  "block": 14802988,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-22T17:20:00",
  "op": [
    "account_update",
    {
      "account": "jabha",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM4thvKLThTCpq6zgWLoW3ZTrhgqJ7pikBxUnRbQuo7bXFeMuonU",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM5Xsup7YEsTnLpE1byw85tL6bvbZaLA1auWAXQfmRbvb2D9WDDG",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM5gwcgowiiitRfbkGm4E1T2vXFEypqATMWTFJpHStYhpKTDwMYJ",
            1
          ]
        ]
      },
      "memo_key": "STM5mLiBxa8trDHJh5F5zDsAHSvcdxsrBtSG6t3qDniwj4152bdHD",
      "json_metadata": "{\"profile\":{\"profile_image\":\"http://goldstockbull.com/wp-content/uploads/Hamlin-Circle2.png\",\"name\":\"Jason Hamlin\",\"about\":\"Investor / Writer / Publisher / Entrepreneur\",\"location\":\"Costa Rica\",\"website\":\"http://goldstockbull.com\"}}"
    }
  ]
}

{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 14695988,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 5,
  "timestamp": "2017-08-19T00:09:00",
  "op": [
    "author_reward",
    {
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "sbd_payout": "0.246 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "445.709830 VESTS"
    }
  ]
}

{
  "trx_id": "45f755d1460a891265feb387f7901f5e8f3c0305",
  "block": 14574080,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-14T18:26:36",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "title": "Whales with Printing Presses - Why the Bitcoin Price Could Hit $1 Million",
      "body": "@@ -2142,17 +2142,16 @@\n could no\n-t\n  longer \n@@ -2169,18 +2169,17 @@\n itcoin a\n-nd\n+s\n  just fo\n@@ -2318,16 +2318,17 @@\n ersation\n+s\n  over sc\n",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"cryptocurrencies\",\"mcafee\",\"price\",\"million\"],\"image\":[\"https://steemitimages.com/DQmTwgwER3Qpi6yEhRWtFpz1A3re19opKGdXn3diAdsFp9R/PPT.jpg\",\"https://steemitimages.com/DQmTUXMgka9wdUtXKsX9QvLjP6usSq7fPg8agMfmi5q46ML/bitcoin%20graphiti.jpg\",\"https://steemitimages.com/DQmQTBnkE78F5R7MTiQHVjTPvWfpwchKh99yEQHtD9rYhVd/dimon%20pay.jpeg\",\"https://steemitimages.com/DQmYoUaCbzdoJs7eLtyiM45LSCBtRaTNQNjEeneWUVGsCFi/in%20crypto%20we%20trust.jpeg\",\"https://steemitimages.com/DQmRmfG9PJUat4ycMv2q2hsQ9acUiUaCpU3VJoMTbwhHYtd/johannwolfgangvongoethe134023.jpg\",\"https://steemitimages.com/DQmbB7oYA3PSfwU4B5tgf3D33RMQnw3ccXg4qrTKN9KRr1X/mcafee%20dick.jpg\",\"https://steemitimages.com/DQmPx9H1Ni7Tzi1n2ftw2Szuf9kYgJvsL8TfgCZCn7NwhQ8/bitcoin%20money%20perspective.jpg\"],\"links\":[\"http://goldstockbull.com\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "5b6188f609fa41201bfc451c67eb019bdfda6ef5",
  "block": 14560416,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-14T07:03:21",
  "op": [
    "vote",
    {
      "voter": "thelimon",
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "8cb1cfe5422ea63a01c67699a0a8151812387e48",
  "block": 14547297,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-13T20:06:54",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "author": "scorcher",
      "permlink": "re-jabha-whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million-20170813t200611363z",
      "title": "",
      "body": "Excellent article, quite complete and well researched as well.",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "3d26f020fc7547dc2d69e6cb83cba6e373f70c3a",
  "block": 14547283,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-13T20:06:12",
  "op": [
    "comment",
    {
      "parent_author": "jabha",
      "parent_permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "author": "scorcher",
      "permlink": "re-jabha-whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million-20170813t200611363z",
      "title": "",
      "body": "Excellent article.",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "59b22fd61d3f9b8bbd24fece670c22e81b44c145",
  "block": 14547275,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-13T20:05:48",
  "op": [
    "vote",
    {
      "voter": "scorcher",
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "9ea293f04dec4cd1e9ba71d0137ed13f37c474c2",
  "block": 14536424,
  "trx_in_block": 36,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-13T10:55:06",
  "op": [
    "vote",
    {
      "voter": "macbuster",
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "2dae11c76d2501257b35520d8acbb2e404a38065",
  "block": 14536189,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2017-08-13T10:42:45",
  "op": [
    "vote",
    {
      "voter": "thewellnesshub",
      "author": "jabha",
      "permlink": "whales-with-printing-presses-why-the-bitcoin-price-could-hit-usd1-million",
      "weight": 10000
    }
  ]
}