what`s up with cryptocuurencies???Are We in a Longterm Downtrend? | Update on Bitcoin, Ethereum & Others and how they would go in the future,,,

in steemit •  7 years ago  (edited)

hello fellows, i found this clip really helpful and just wanted to share it with you. hope you like it. by the way from now on i will use my picture as my brand so you guys realize it me posting here in steem it :D
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Welcome to Steem @pedramhd I have sent you a tip

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Welcome to Steemit @pedramhd ! Nice post, i will follow your account, please follow me at @khunfarang

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  ·  7 years ago (edited)

thanks khunfarang i will follow you as well hope we can make alot out of our friendships please keep me tagged on your posts so that i see your posts and upvote reply etc

It's called crypto tulip mania. This is a classic bubble. The underlying blockchain tech is awesome, but what is going on now is a crypto ponzi scheme. There still has to be something backing up an asset or it is just air. Even the dollar is back by the United States ability to pay it's debts and we have nukes. Something will set off the crash like maybe world bankers talk about some restrictions being they can't control crypto money supply. Who knows, but take if from someone who has played bubbles in the stock market. Unless you bank your profits, it is just paper profits (in this case ledger profits). And everyone can't exit a burning theater at the same time.

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