RE: Why I Buy Bitcoin During Crashes Despite Calling it a Bubble

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Why I Buy Bitcoin During Crashes Despite Calling it a Bubble

in bitcoin •  7 years ago 

You should be worrying about the mega bubbles in the stock market and bond markets. When they coming crashing down and that is only a matter of time then the whole world is going to feel alot of pain.

You really don't get why bitcoin was created judging by your comments. It was not created so that greedy people could speculate on its price. It is meant to be an alternative to the fiat money system that has failed the world so miserably and created gigantic debt problems that threaten the world economy with disaster.
You should read the blogs of Nomi Prins, former managing director of Goldman Sachs/Bear Stearns or David Stockman who was in charge of Reagan's budget department in the 1980s.
They clearly explain the dysfunctional nature of our current economic model that has created a situation where 8 billionaires own as much wealth as the poorest 3 billion people.
As Dr.Chris Marenson and Professor Michael Hudson have pointed out, this is creating enormous political volatility that has been responsible for the Brexit fiasco in Britain and the election of Trump.

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