Bitcoin, Cryptocurrency, and the Future of Global Finance

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Cryptocurrency Crash could Spark the Next Market Meltdown, warns Bank of England Deputy

Bitcoin and other cryptocurrencies could cause the next financial crash, according to a top Bank of England official.

In a speech yesterday, deputy governor Sir Jon Cunliffe said a massive collapse in the price of cryptocurrencies to as low as zero is 'certainly a plausible scenario' and that there was 'a possibility of contagion' across the global financial sector.

Cunliffe said the hit to individual investors if cryptocurrencies collapse would be unlikely to cause a 'financial stability risk'. But he added: 'The picture is less clear for financial institutions.'

Cryptocurrency crash could spark the next market meltdown | Daily Mail Online
 
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The stock market is now completely disengaged from the economy, actual business models and basically all reality. It has been reduced to serving as the worlds largest money laundering service. Simply said it is a segmented depository for the baseless fiat digits the fed is creating out of nothing, based off of nothing and well on the way towards rendering the entity known as the dollar to be worth nothing.

How individuals who have basically everything they have saved for retirement or wealth bulid tied up into the nonsense can sleep at night is beyond me.

Sadly when it crumbles it will drag us all down and provide the excuse to discard freedom and capitalism in favor of a global woke currency system designed to create forced equity. We will own nothing and according to the overseers we will be happy. Hope all of you folks who are gleeful at the perceived gains you are making as sheeple in the ponzi scheme are happy in your future grey onesie while consuming your global gruel.
 
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agVOL90 said:
The stock market is now completely disengaged from the economy, actual business models and basically all reality. It has been reduced to serving as the worlds largest money laundering service. Simply said it is a segmented depository for the baseless fiat digits the fed is creating out of nothing, based off of nothing and well on the way towards rendering the entity known as the dollar to be worth nothing.

How individuals who have basically everything they have saved for retirement or wealth bulid tied up into the nonsense can sleep at night is beyond me.

Sadly when it crumbles it will drag us all down and provide the excuse to discard freedom and capitalism in favor of a global woke currency system designed to create forced equity. We will own nothing and according to the overseers we will be happy. Hope all of you folks who are gleeful at the perceived gains you are making as sheeple in the ponzi scheme are happy in your future grey onesie while consuming your global gruel.
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decentralized finance is freedom. and cryptos do not equate to CDBC's
 
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#1,311
agVOL90 said:
The stock market is now completely disengaged from the economy, actual business models and basically all reality. It has been reduced to serving as the worlds largest money laundering service. Simply said it is a segmented depository for the baseless fiat digits the fed is creating out of nothing, based off of nothing and well on the way towards rendering the entity known as the dollar to be worth nothing.

How individuals who have basically everything they have saved for retirement or wealth bulid tied up into the nonsense can sleep at night is beyond me.

Sadly when it crumbles it will drag us all down and provide the excuse to discard freedom and capitalism in favor of a global woke currency system designed to create forced equity. We will own nothing and according to the overseers we will be happy. Hope all of you folks who are gleeful at the perceived gains you are making as sheeple in the ponzi scheme are happy in your future grey onesie while consuming your global gruel.
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Equity markets are priced based on real things. Revenues, profits, balance sheets, business models, products, execution, competition, and leadership to name a few of those things. Low interest rates encourage buyers to bid up the multiples but there is actual commerce going on with the established names.
 
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agVOL90 said:
Do you actually believe that the puppeteers will allow cryptos to flourish as competition to their own digital currencies? No way will that happen,
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The question you need to find the answer to is how will the digital currencies (CBDC's) function in the upcoming internet of value. It won't be in the antiquated systems like Swift, etc.

Find out which assets, and blockchains are designed to facilitate CBDC's and any other securely tokenized asset. A good place to start is ISO20022.

This is the final stages of what the internet was designed to be. Some of the patents for the internet of value go back to the late 80's up to now. This is not a spontaneous solution to the problems in the global financial system. It has been in the works for quite some time.
 
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Thunder Good-Oil said:
Equity markets are priced based on real things. Revenues, profits, balance sheets, business models, products, execution, competition, and leadership to name a few of those things. Low interest rates encourage buyers to bid up the multiples but there is actual commerce going on with the established names.
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How can you still believe this? At any other time in the the history of the stock market the bears would be running wild. The almost complete collapse of the supply chain, the disarray of the labor market, the looming shadow of inflation, commodity shortages, the deficit of computer chi9s, car lots that are empty of supply, covid,,,,,,,the list could go on and on and any one or maybe 2 of them should have driven the market to record lows. Why hasn't it? Because it no longer matters. The market is nothing more than a dispersment arm of the Fed.

Anyone who says that the market is actually functioning as an investment institution based off of performance analytics is either intellectually dishonest or completely ignorant of the real monetary situation we are facing today.
 
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agVOL90 said:
How can you still believe this? At any other time in the the history of the stock market the bears would be running wild. The almost complete collapse of the supply chain, the disarray of the labor market, the looming shadow of inflation, commodity shortages, the deficit of computer chi9s, car lots that are empty of supply, covid,,,,,,,the list could go on and on and any one or maybe 2 of them should have driven the market to record lows. Why hasn't it? Because it no longer matters. The market is nothing more than a dispersment arm of the Fed.

Anyone who says that the market is actually functioning as an investment institution based off of performance analytics is either intellectually dishonest or completely ignorant of the real monetary situation we are facing today.
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Check the price/earnings ratios and think again. Companies aren’t allowed to make up the denominators.
 
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I bought and sold a little SHIB for a 250% profit over around 3 weeks. It was just play money, but I have a couple friends with significantly more in it. Since I sold (Monday), it has skyrocketed. So hard to predict...

I'm listening to a podcast on crypto and am starting to understand it and believe that it really might become a huge part of the worldwide economy.
 
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kiddiedoc said:
I bought and sold a little SHIB for a 250% profit over around 3 weeks. It was just play money, but I have a couple friends with significantly more in it. Since I sold (Monday), it has skyrocketed. So hard to predict...

I'm listening to a podcast on crypto and am starting to understand it and believe that it really might become a huge part of the worldwide economy.
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It will for sure. The only question is how each will be valued.
 
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reecetn said:
:cool::cool::cool::cool:The train has left the station!!!!!:cool::cool::cool:

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I know you love the ripple and I had bought a good chunk on your rec as well. Since it was sitting there not doing anything for a while I took a ridiculous gamble. Moved my while stake into shitcoin Floki a couple nights ago, set a bottom limit so I didn't lose it all and have now doubled it. I feel dirty
 
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utvolpj said:
I know you love the ripple and I had bought a good chunk on your rec as well. Since it was sitting there not doing anything for a while I took a ridiculous gamble. Moved my while stake into shitcoin Floki a couple nights ago, set a bottom limit so I didn't lose it all and have now doubled it. I feel dirty
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I did the same thing with DOGE a couple weeks ago and am up quite a bit. According to the charts DOGE has potential targets up to 1.91. At some point before that time I am going to flip back into ripple. It does feel dirty but these shitcoins can be useful to flip and expontially increase the utility bags.

The really good thing about ripple is it normally goes last in the Bull Cycles giving us great opportunities to flip other alt coins along the way leading to that huge payday at the end.

I am hoping ripple does not reach peak until January so I can put all my profit into NEXO for 16 months before I have to pay the taxes.
 
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🐂🐂🐂🐂 Look at the Total Market Cap for Crypto!!!! 🐂🐂🐂🐂

Weekly is about to close at an all-time high on the way to the 1.618 (4.4 trillion) resistance point.

If it does like the 2017 bull run and fully extends it would be an 11.7 trillion market cap before the bear starts.

total_market_cap.png
 
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