Crypto profiteering from the global financial turmoil.

in gold •  8 years ago  (edited)

Anybody with relative awareness in the direction of the global financial sector, can see the impending implosion of the banking, the credit and debt and the fiat currency monetary system, is inevitable.

As faith and trust is those systems declines, and knowledge of the criminal element spreads. People and business entities will look elsewhere to try and safeguard there money. Yes, we've all heard of gold and silver for eons now, but the dawn of a new age is upon us and a lot are seeing, the writing is on the wall.

Those of us already involved in crypto , are somewhat sadly sitting back and quietly counting on the collapse. Another decline in the stock market raises doubts in the minds of investor. Another big bank struggling to hide its woes, worries old money, and fuels the search for other options.

As this occurs the crypto market strengthens, not only in value but most importantly in public awareness. As awareness spreads, understanding the meaning of words like decentralisation, peer to peer and blockchain become more clear, thus confidence builds.

Of course this is all good news for likes of many young crypto entrepreneur's.

In short, as money dies, people will hastily convert it to crypto currency, driving the value of crypto up. Good news for some!

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I share this sentiment. I've been telling my Forex buddies the same thing. The end of Fiat is here and Alternate Currencies are ready to storm the market!

Amen brother, I envision a new emerging 1%.

Indeed!

And, sell your crypto for pokemon go coins :3

lol, god no!