On June 20, 2011, Forbes wrote “So, That’s the End of Bitcoin Then.” On January 16, 2015, USA Today wrote “Bitcoin Is Headed to the ‘Ash Heap.’” On May 5, 2017, The Daily Reckoning wrote “The Death of Bitcoin.” Since 2011, bitcoin’s been declared dead at least 129 times.Newsletter writers, journalists, and academics have called it a “Ponzi scheme.” Others like the idea in theory but have doubts.They are convinced the government will shut down bitcoin and render it worthless.If it were 2013, I would have agreed with them.From 2009–13, bitcoin rallied from a fraction of a penny to over $1,100… and then spectacularly crashed 85% to $185.It looked like a classic “pump and dump” to me.That’s why I ignored it.But then something very interesting happened.Instead of collapsing back to pennies, bitcoin found support in the $200 range.Even after the bubble popped, bitcoin was still worth billions.Recommended Link Former corporate banking insider reveals BIG investment breakthrough What if you could identify stocks that could return 100-to-1… years before Wall Street starts paying attention?

Former corporate banker Chris Mayer’s Focus system is based on 42 years of data on the 365 highest-returning stocks between 1962 and 2014… Every one of those companies returned 10,000% or more… And Chris’s study reveals the "fingerprints" many of those companies shared in their early stages, so you can find similar opportunities today.Click here for the full story.— This intrigued me because true Ponzi schemes have zero value when they crash.The fact that bitcoin was still attracting buyers even after the onslaught of negative news… an 85% price crash… and universal scorn… said something to me.It said that maybe this asset had real value.At the very least, it told me that more investigation was needed.Lessons From the Dot-Com Bubble I’ve seen skepticism like this before… Back in May 1997, Amazon went public at the split equivalent of $1.30.Amazon shot up to $113 during the dot-com bubble of the 1990s.When the bubble popped, Amazon crashed 94%—to the split equivalent of $5.97.

But again, something interesting happened… In the depths of the dot-com hatred, Amazon started quietly climbing in price.Back then, I made the mistake of dismissing this action.My error was buying into the prevailing belief that dot-com stocks were dumb and worthless.I listened to the narrative instead of digging deeper into the Amazon story.bitcoin konto testThat was a mistake of lazy thinking.litecoin gpuSo when I saw the same thing happen with bitcoin, I decided to do something different.bitcoin-qt wallet encryptionInstead of listening to the skeptics, I asked myself: “Why are people still buying this supposedly worthless asset?” That’s when I did a deep dive into bitcoin.bitcoin map amsterdam

I traveled all over the world interviewing experts, development teams, and venture capitalists.I wanted to understand why bitcoin had value.Even Governments Are Embracing Bitcoin Just as important, I wanted to know what would stop the U.S.government from banning it.How would the currency outgrow its widespread reputation as a form of “black money” used by criminals?berita bitcoin hari iniWhat I found out was this: At its core, bitcoin is just a way to send and receive value without the need for a trusted middleman.bitcointalk altcoin speculationBitcoin has no central location.bitcoin ledger blueThat means no government (including the U.S.view bitcoin wallet balance

government) can ever shut it down.In fact, several countries have already tried to ban bitcoin and found that it was impossible.At least two of them (Russia and India) have decided to recognize bitcoin as money.Governments are realizing that it’s better to have a hand in how bitcoin is shaped and regulated than try to destroy it (which they can’t).bitcoin market dashboardThink back to when the U.S.government finally realized that prohibition was unenforceable.Better to regulate alcohol and tax it.Where’s the Future Value?The real strength of bitcoin is the underlying network of highly secure computers that support it (called the blockchain).This is where much of the value creation will come from.As I write, software developers across the world are building applications designed to piggyback off this network.Over the next three years, we’ll begin to see a slew of new applications emerge for bitcoin and the network that supports it.

They will support everything from asset tracking to recording land registries.And much more that we can’t even think of yet.That’s why bitcoin will continue to grow in value.Since those obituaries started popping up in 2011, bitcoin has rocketed from a low of 75 cents to as high as $2,770—an astronomical 369,223% gain (see Chart Watch below).The next time you find yourself being scared out of owning bitcoin by a negative article, do yourself a favor… Read the last 129 times bitcoin was declared dead.Let the Game Come to You!Teeka “Big T” Tiwari Editor, The Palm Beach Letter P.S.Like I mentioned above, I’ve traveled all around the world looking for the most explosive cryptocurrencies out there.And I’ve found three more that have grown an average of 1,183.23%… including one I call the “next bitcoin.” If you missed out on the bitcoin train ride, there’s still a chance to punch your ticket to life-changing gains with the “next bitcoin” and these other coins.

You can learn more about them right here.Recommended Link Four “Penny Defense Stocks” Expected to Surge on Pentagon Budget Jackpot It’s no secret we’re on the cusp of a historic defense gold rush.But almost nobody knows that the biggest winners won’t be Boeing or Raytheon.Instead, tiny firms called "penny defense stocks" are moving to the front lines of the Pentagon spending spree.Many trade for under $10.Some for just $1.They create the best cutting-edge technologies – technologies previously overlooked by the Pentagon.And their upside potential is explosive… Click here for the full story.— By Nick Rokke, analyst, The Palm Beach Daily As the old saying goes, actions speak louder than words.And bitcoin’s action is speaking loudly… As of this writing, our favorite cryptocurrency set a new high of $2,780 per bitcoin.By comparison, gold was trading around $1,255 per ounce.That means one bitcoin is now worth more than twice an ounce of gold.Just think about this… If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you’d now be sitting on around $72.9 million.

Our Palm Beach Letter subscribers aren’t doing too badly, either.If you bought in when Teeka recommended bitcoin on April 18, 2016, you’d be up 454.6%.That would have turned every $100,000 into more than a half-million.But it’s not too late to make these lottery-winning-type returns.Teeka has found the “next bitcoin.” Just like bitcoin, the “next bitcoin” has gone from pennies to over $200 in just two years.And there’s still plenty of upside left… On the same day bitcoin reached its new high, a consortium backing the “next bitcoin” announced the additions of 86 new members, including Merck, Samsung, and Toyota.Industry heavyweights Microsoft, Intel, and JPMorgan are already members.You can learn more right here… Washington Is Warming Up to Cryptocurrencies Last year, the IRS came after Coinbase, the largest cryptocurrency exchange in the United States.The taxman wanted all of Coinbase’s records to determine if anybody on the exchange was avoiding taxes.