China Is smart - It Does Not Want To Be Robbed With Crypts.
- China has the largest industrial development in the world. US President Donald Trump - has introduced large taxes on imports of products from China. In this way, the United States begins to evolve again. What happens to other small countries, I mean countries that are not from the European Union?
There are bosses and there are slaves. I think that all the small countries are exactly that. China does not want to tie its development to crypts, because it is money without cover. Stylish, attractive with quick wages, but at one moment this dream will pass.
The richest print their money (make their own crypts). Those who do not have enough finance to make their own currencies, they invest in production, and that third category of people invests in currencies on the stock market.
If we want to be rich, we need to see what they invest in?
Look for more inside - https://www.nytimes.com/2017/02/19/your-money/where-the-worlds-wealthiest-invest-their-billions.htmlThe richest invest in specific things (real estate, companies). Of course Microsoft prints its PERSONAL money -ETH, ETC ...
My advice for crypts is - invest - earn money - sell - invest ( in a business that's worth it ), this is the period of the next few years, maybe even less.If we're smart, we'll learn from the Chinese. Invest in the right value, it is sold for money. Again reinvest earnings into development. Make your strategy, do not believe in fairy tales, because they do not exist. I know that some people have been enriched overnight, but I only say that we are not naive, electronic currencies are a trend and now we need to use the privileges while this trend continues.
If we are preparing for the worst, we will always get best in life.
From Heart
Dr. Great Success
I disagree with your take on the Chinese. Personally, I think what took place over the last couple weeks was just a ploy by the Chinese government. Their actions wasnt so much about banning crypto as bringing it under their control.
As I repeatedly stated, I look for state run exchanges and mining operations to open up in China very soon. The Chinese gov't doesnt want to eliminate Bitcoin, it simply wants to control it within their borders.
I absolutely agree with you. Just to look a little deeper stuff. The dollar, Euro and all other money - have no gold cover. So they print out as much as they want? It's the same with crypts - Some will get rich and then others have empty pockets. What is my point is not China, but a way to figure a little deeper how the money works.
We need to use this trend and get richer.
To your point, governments did not get rich by the printing of money, only the banksters. They were the ones who profited and, I think their run is over.
At this point, we will see the world move to the decentrailzed more open model. Blockchain is going to penetrate government so they will be aware of the value of it. Dimon's attacks on BTC show that crypto is a threat. In the end, I believe we will have BTC as the "gold" store of wealth and something else (maybe a few other) that handle the money. Ultimately, since we are moving more towards a global interconnected economy, I fail to see why a country would still insist on issuing it own currency unless it is to be able to expand the money supply as they need it which they havent been able to do since the central banks were formed.
If money was linked to gold or some value, then bankers would not be able to steal and manipulate us like this. But again, everything is solved with money, those who have a lot of money will not allow to make things change in the world. What I can do is to learn the money flows that Robert Kiyosaki talks about and become rich.
Those who have money might not have a choice. Technology is making them obsolete and they might fight it, but cant do much about it. Their game is exposed. Central banks do not issue money, they issue debt. That is what "money" is the last 100 years. Hence, the notes people seek are really nothing more than debt instruments that decline in value. The fact we gold is ill served to operate as money allowed them to do that. While gold was a good backing of the currency, it has been 40 years since the US had that.
One thing the wealthy arent going to do is to tell you the deals they are putting their money into. Cuban has repeatedly stated the last thing he is going to do is announce to everyone a good deal when he sees it. Venture capitalists shoot for a 1 in 10 success rate because they are in deals that pay them 50 or 100 times return since they are in early. With that type of return, it is easy to see that one can be wrong many times and still come out ahead.
Finally, most do not see how technology can radically change things. Real estate traditionally is a great investment....what happens when I can "print" a house out in a day for under $5,000? Dont think it will happen? Think again...you will see that technology become commonplace and in use by 2040 (makes you wonder what those people who are signing 30 year mortgages are going to do).
That is why, the stocks I do buy, are all tech based. I think that is where the money will be in the next couple decades.
This crypto-development will end up much faster than you think. But science and knowledge are money today, so that one who has the knowledge will make a lot of money.
upvote my friend
So, you're implying that Japan isn't smart?
Any other country which is regulating crypto's isn't smart? Well, think again my friend.
Japan is controlled by the United States, so we have a Western empire that generates money as and when it wants, and we have others who work for them.
nice post