You see, that is something that I also think about almost every day (not intentionally...I think ) . Usually in last 2 years, the biggest cryptocurrencies show us what will happen in the stock market (not the other way around). So if btc, eth, ltc... lose %20+ ....stocks will follow. But if you want to withdraw your stocks the right time (maybe that's what your question is all about), than look at US 10 year and 30 year bond yield curve. They are narrowing. Flattening yield curve is extremely bad sign AND the bond market started to gain price ( its price was going down for 30 years, so that more money could be printed...)
RE: Bank of America will impose fees of almost $150 a year. Will other banks go along?
You are viewing a single comment's thread from:
Bank of America will impose fees of almost $150 a year. Will other banks go along?
When central banks tighten money supply (as they have started to do) it will in time lead to an economic crash bigger than any that we have seen before. I don't know when this will happen but it will happen. When it happens they may decide to tell us that the current fiat system is broken and that we need a new system which is where cryptos come in.
I can see them doing one of two things with crypto:
If they let it grow they can point to the benefits of crypto as they sell us on why we need to drop fiat in favour of crypto. If they let cryptos crash it will give them a 'reason' to regulate and take over the crypto space with 'govt approved coins' while banning the rest. They will tell us that blockchains and cryptos are good but only the ones that we approve as the other have flaws.
Irrespective, they eventually want to move all of us over to a digital currency and that is exactly what they will do. Knowing when they will do it and timing our entry and exits are the big questions.
If they are to move the world to digital currencies they are going to have to make it very painful and frightening for people so as to make them believe that it is the best option for moving forward. When this happens it is going to be very messy.
I expect that cryptos have at least one more big run in them before they begin to turn the music off. Interesting times ahead - good article, thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As you say, they want to move us to digital currency, but not to the decentralised currency, where anonymity and full speed of creationism and small business leadership is taking place. And there is a lot of cryptos in banker's accounts and they are even included in country's indexes... Thank you for your very good comment
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit