The war on crypto has begun in the USA. How many will walk away?
How many will sell or gift and how many have been taken hostage by this.
Why is the government trying to regulate borderless money?
Perhaps because the USA is in so much debt they need more free money lol
Income shifting...
Remember one thing from this post if I may be obliged to be heard once-in-a-lifetime! (Scroll to my last question/statement)
Educate yourself so you may come out on top.
Inflation of our dollar is at an all time high but for how long? Will we end up like Venezuela or India?
Federal Reserve notes or as we call them dollars are simply a piece of paper which is backed by the assets of the Federal Reserve Banks.
Ask yourselves this... What is the current assets Federal Reserve balance sheet?
Here is the link to the most recent release:
https://www.federalreserve.gov/releases/h41/current/h41.htm
Here is a link to help you understand the balance sheet:
http://www.investopedia.com/articles/economics/10/understanding-the-fed-balance-sheet.asp?lgl=bt1tn-no-widget
" It turns out that banks actually have about 9 times as much money loaned out as they have on reserve in their vaults. ...
FRACTIONAL RESERVE LENDING ...
In the US it's currently around 10%..."
We only have about 10 percent on hand in our Federal Reserve vaults????!!!! If that doesn't scare you and make you wonder about your financial security, I don't know what will.
I understand US has been monitoring the movements of cryptocurrencies for quite a while, but if Trump or any government does any reckless moves then he would only supress it short term.
It will have a huge cobra effect as long as other countries support it; the only way would be to get majority of the world's governments to work together............but when will that ever happen when it comes to money?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly! They can try to effect the user cycle. However, I think this is make cryptocurrencies that much more valuable my friend. ☺
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yup I completely agree, to me honestly I'm still in need of research in statistical side but I believe Bitcoin has become a complete different category of "asset" now to what we are used to.
But with such excessive growth in this short time, regulations to be put in place and amount of people you see using "borrowed money" to invest; I see as you do where cryptocurrencies comes into play after.
That's the beauty of a decentralised community; hydra effect :)
Is there any cryptocurrencies you would recommend to research into?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Besides Bitcoin.... Besides Bitcoin.... My eye is on understanding cardano, and perhaps iota. Though there is so much more to be said about litecoin, bitcoin cash, gold cash, each tear developed to substitute possibly particular chain economies? The shifts will be disruptive for sure, in my opinion. Detrimental even, depending on the adaption of this technology. It is approximated to take full effect between 15 to 20 years. However, at the rate that has been unprecedented, this could change drastically. Approximating maybe 5 to top...10 years, in my opinion. At over a 1000 percent ratio, things can move eficably. In the same sense, humanity is an unpredictable thing, though statistics being mentioned... masses will learn to adapt as a survival mechanism. This is what I see in the world where humanitarian efforts are truly borderless. Puerto Rico, Mexico, and other locations are able to accept this form of currency as a humanitarian aid. The logistics in this effort had it been available sooner could have changed the response in a disaster. It did for me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Man I love it! I'd love your opinion on my article on bitcoin itself. I feel like I covered most areas but I feel like you have a lot to enlighten me with.
Could you do me the honors? =)
https://steemit.com/bitcoin/@zen-analyst/bitcoin-the-ticking-time-bomb
Same in loving iota right now but very curious on ada too. Please let me know your insights on it too.
Thanks,
CryptoZen
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its all so very true. Thats partly the reason I started into crypto. Financial freedom from the enslaved dollar.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They are looking for that milk money bahaha... 😂
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit