RE: It looks like we are still in a pool of blood.

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It looks like we are still in a pool of blood.

in bitcoin •  8 years ago 

This is a GOOD/ HEALTHY THING, dude! The volatility of this brand new tech (cryptocurrencies) not only proves that this currency is not CONTROLLED by the powers that be (the entities which we ALLOW to have power), but ALSO the market (which is certainly FREE FROM THAT CONTROLLING HAND!... Is trying to find itstrue+fair value. This certainly one reason as to why THE ELITES havent invented cryptos/ this one world currency! When a person looks at the modern day bubbles/ artificial values in the stock, property and bond markets (2017)... Those are markets controlled by the elites, as those bubbles just keep GROWING! The bigger those bubbles get, the bigger THE BANG/ CATASTROPHY when they do eventually pop! It is a mathematical certainty. I will give you an example of the stock markets! - Throughout human history, nowhere near 1 billion ounces of PHYSICAL SILVER has been mined!... BUT!... with FREQUENCY, about 1 billion ounces of PHYSICAL SILVER are dumped onto the stock market in the space of 1 minute, 60 seconds, 1/60th of an hour! Can u see where I am going with this? It is impossible for EVERYBODY that owns any sort of commodity to sell it within 60 seconds/ 1 minute, as not EVERYBODY is on the same page/ reading the same script! The crypto markets are healthy/ good/ true/ fair... BUT, there is NO GUARANTEE AT ALL that all cryptos continue to hold value! PS. I convert some of my FIAT CURRENCY (£) into cryptos! I love the fact that this might be the way to eliminate the BANK OF ENGLAND (OUR central Bank, here in England)!!! x

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Thanks for taking the time to reply to my post @damianne-bakero. It really is an exciting time we are living in. Your country's central bank is not the only one facing this cataclysm. Several other central banks as well. Cryptocurrency is here to say, however like you said, not all of the cryptos will stand the test of time. Thanks for your comment my friend. Enjoy your weekend.