Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: troll on November 20, 2017, 06:32:19 PM
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Do you remember the subprime crisis ?
What if bitcoin and cryptos are the next financial crisis ?
What if the NWO want another financial crisis and are preparing it in the form of cryptos / bitcoin ?
Like the subprime and the dotcom before it, just waiting to grow big enough to be popped and erase billions of digital never existed money from existence ?
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the next crisis is already in motion for the subprime auto loans, student debt loan, and the re-inflated housing bubble. than you also have the high yield junk bonds problem, high p/e ratio for big companies, increasing inflation, high unemployment rate, saudi's transitioning to china and the yuan, effectively killing the petrol dollar and our ability to print money out of thin air to pay of things, no manufacturing infrastructure due to outsourcing, explosion of domestic retailers closing shop, and the list goes on and on.
when the shtf, it's going to be spectacular. they won't have the tools like they did during the 08 crisis with interest rates already at historic lows. be prepare for bail-ins. there's going to be a bank holiday and like in cyprus a few years back, when they reopened, a large portion of their deposits were gone cause remember, when you deposit money into banks, you essentially become a creditor and are liable to incur losses when banks can't cover their bad investments(bets).
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I would like to say that at that point I think the banks will screw up and will have to be saved. To screw up cryptocurrencies, you have to screw all the miners.
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The total market cap of all the Cryptocurrencies in the world is only $242 Billion, the Financial Crisis involved an unregulated derivatives market of 100's of Trillions. That derivatives market is even bigger now and still unregulated.
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It already has a huge media exposure, so I think it will be allright.
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Yup I agree with you.
That is why I won't invest in bitcoin right now.
So dangerous.
I believe if that day happen. People will lose a lot more than the stock market.
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They can create the next financial crisis if they own the internet, blockchain technology is owned by the millions of cryptocurrency enthusiast they can not create a massive crisis with out turning off the internet.
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They can create the next financial crisis if they own the internet, blockchain technology is owned by the millions of cryptocurrency enthusiast they can not create a massive crisis with out turning off the internet.
Right, and when internet will go down their global system will be down as well. So there is no exit for them. Only defeat :D
In other words, all previous crisises were crisises for people, not them, and now it's the time for their crisis.
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Bitcoin will never be that one, Nakamoto intelligently created the bitcoin and no one can erase that.
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Well that's a food for thought. Never put all your eggs in one basket