Well thank you for that post. Lets put it this way, I am a newcomer to the Crypto currencies, and a good friend and financial crack once gave me the advice in my youth never to invest in things I do not understand (one reason I was not devastated 2008 cos I did not have any of these toxic investments but sure had to surf the global downhill wave and keep my feet still). I applaud everyone who invested in the BC some time ago - well done for the time being. I guess my generation has some learning to do to understand the product. But it also got me thinking....... especially after reading many of the comments here. I am not wearing a tinfoil hat but having left the rat race some y back and the "1st World" it gives you a different perspective on things as to "quo vadis". A few facts to ponder.....
UK - Brexit - May
USA - Trump
Germany - unclear - xenophobic tendencies /rise of AfD
Turkey - Erdowan
EU in general
Middle East conflicts - IS - subtle rise of fundamentalism
World population - ecological problems -pollution -migration -
National level of depths - global
Development of interest rates
Forcing of global drop of bank secrecy (Lichtenstein, Switzerland, etc)
Governments and financial institutions calling for abortion of hard cash (done in Scandinavian countries Sweden, more or less Norway)
BC rallye
Everyone can come to different conclusions but I guess we're in trouble in one way or another. The crypto currencies over a time (fueling greed and the opportunity of fast riches in the wake convincing the last idiot to invest) are the perfect excuse to abolish hard cash - which of the cryptos will survive? Where does that leave other assets?
Here is the aritcle he's talking about : https://steemit.com/bitcoin/@adastra96/is-this-the-real-life-is-this-just-fantasy
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