Bitcoin, Cryptocurrency, and the Future of Global Finance

#408
#408
Daily-funny-memes-24-18-600x600.jpg
 
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#414
#414
agVOL90 said:
Other than faith nothing. That said that faith is based off of the promise of value guaranteed by the respective governments. That faith is what I am concerned about in regards to the dollar. As the printers go brrrrrrr faith is deluded.

The Chinese see this loss of faith as an opportunity. If they make the leap into a gold backed digital yuan they will be betting that the international community will be willing to join them in the adoption of the yuan. It is a risky gamble on their part however. If they crush the dollar prematurely then their trillions in US debt holdings will be a lost cause. If the international community refuses to adopt the juan then they will be left out to dry having to exchange gold based yuans for valueless dollars. If the dollar survives but struggles their investments will lose value and their gamble will not pay off. The future will be interesting and possibly terrifying.
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Unless you can trade your yuan or digital yuan in to China and get gold in return, then I don't think it means anything.

China or any country backs their currency with a metal. And? It isn't going to stop them from doing what they want. And China isn't going to give you gold in return for their yuan.
 
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#415
#415


Listen Closely Specifically @ 0:49 through 1:07

Don't miss this boat friends, and if you get on board don't depart until the end.
 
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#416
#416
reecetn said:


Listen Closely Specifically @ 0:49 through 1:07

Don't miss this boat friends, and if you get on board don't depart until the end.
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I'm kinda tempted but wouldn't know where to start and would be hesitant just due to lack of knowledge. I'm probably overly cautious when it comes to putting money in places just because of lack of knowledge.
 
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#417
#417
TheDeeble said:
I'm kinda tempted but wouldn't know where to start and would be hesitant just due to lack of knowledge. I'm probably overly cautious when it comes to putting money in places just because of lack of knowledge.
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Bankers such as Legarde want everyone in it. Has to be profitable for early investors to gain traction. There is an endgame
 
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#418
#418
I'm thinking that there is going to be a huge event/crash that comes (just like in the dotcom era) and there may only be a handful of these companies left standing. All anyone is doing right now is basically throwing their money on a roulette wheel and hoping their crypto is around when all the dust settles.
 
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#419
#419
Rasputin_Vol said:
I'm thinking that there is going to be a huge event/crash that comes (just like in the dotcom era) and there may only be a handful of these companies left standing. All anyone is doing right now is basically throwing their money on a roulette wheel and hoping their crypto is around when all the dust settles.
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You are correct only a handful will be left. Just look who the developers are and the partners and it is very easy to see which ones will be left standing in the end. If we pick correctly it will pay off very handsomely.
 
#420
#420
TheDeeble said:
I'm kinda tempted but wouldn't know where to start and would be hesitant just due to lack of knowledge. I'm probably overly cautious when it comes to putting money in places just because of lack of knowledge.
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This is a good reference to begin with Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap. It has current prices trends and background info on each coin. It has a section for each coin that tells which exchange can be used to buy from.
 
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#422
#422
TheDeeble said:
I'm kinda tempted but wouldn't know where to start and would be hesitant just due to lack of knowledge. I'm probably overly cautious when it comes to putting money in places just because of lack of knowledge.
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I still go back to physics and thermodynamics and the basic rule that matter and energy can't just be created and destroyed. There are all kinds of things that can change values in books and ledgers, but everything just got transferred somewhere unless you are actually manufacturing and selling or profiting from you labor - and somebody still pays for that service if it's of benefit. Economic bubbles just aren't real; they are aberrations caused by someone being willing to pay more than something is likely worth, so in the end for all those gains there will be big losers. It would probably all be more realistic if governments weren't involved - they have a tendency to completely distort reality by interfering in market processes.
 
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#423
#423
AM64 said:
I still go back to physics and thermodynamics and the basic rule that matter and energy can't just be created and destroyed. There are all kinds of things that can change values in books and ledgers, but everything just got transferred somewhere unless you are actually manufacturing and selling or profiting from you labor - and somebody still pays for that service if it's of benefit. Economic bubbles just aren't real; they are aberrations caused by someone being willing to pay more than something is likely worth, so in the end for all those gains there will be big losers. It would probably all be more realistic if governments weren't involved - they have a tendency to completely distort reality by interfering in market processes.
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It is rather the connumdrum. What holds value? I could have a room full of gold but the value is only determined by everyone else determination of value.

My bigger concern is why would the international bankers want this? No benevolence for dang sure.
 
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#424
#424
Rasputin_Vol said:
I'm thinking that there is going to be a huge event/crash that comes (just like in the dotcom era) and there may only be a handful of these companies left standing. All anyone is doing right now is basically throwing their money on a roulette wheel and hoping their crypto is around when all the dust settles.
Click to expand...

Yeah, just like when the dotcom bubble burst and we were only left with a handful of companies.
 
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