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RE: Current State of The Crypto Market

in #blockchain7 years ago

Good points about the Cyclist, of which
I am one, ruining the GDP. I'm quite proud of that!

The Crypto space is just the most interesting thing happening right now, I can see governments quaking in their boots!

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As Bill McKibbon said, the most economically productive citizen is a cancer patient who totals their car on the way to meet with their divorce lawyer... ;)

The CEO made bad statement since you still need to buy/paid for daily usage and maybe some hobbies.

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@abh12345 : hhhh. I agree with you. but the Ethereum going up
beat the Bitcoin.

We shall see! I think Bitcoin will become the new gold. Pointless in a supermarket but the new store of value.

hhhh. yes. I am waiting This happens

It is a store of value brother! But don't think bitcoin can be overtaken.

We need to wait and see what ethereum will do next. You cant say anything for now.

How come Netherland didnt crash in economy?

Crypto economy or the countries economy?

Countries economy since most of them are cyclist :)

For a country like India, where people prefer saving over investing, does create a effect on the economy.

Hmm how is India related to cyclist? If you ever been to Netherlands, their main transport is bicycle. How is that not collapsing their economy lolz. You can ignore me if you just want to give some plain answer :)

That phrase was by an Indian. And he referred it to India. India also has a lot of cyclist. If you're comparing Indian population to Netherlands than comparing people with cycle in India still is a large number.

Now Netherlands economy is not effected because, people there prefer investing more than saving. While in India there's Trillions of USD locked up in banks.
In a basic economy, for a countries economy to grow, you need the money to be circulated. It needs to go around to complete an economic cycle.

Correct me if am wrong.

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