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RE: The end of CC market as we know it.
I think not only bitcoin but the entire CC market as all ALTs mostly move in sync with BTC. I think initially the price of BTC will jump but then the PPT will suppress it as they do it with gold and silver because they don't want bitcoin to undermine the public confidence in paper US dollar.
Rotate the chart and you will see how the dollar is falling against BTC
Event Horizon...Once it has been breached there is no escape. We'll see how much power the inflationary system really has over the next couple of years. I'll just buckle up and enjoy the ride for now!
I think this is inline with your thinking
https://www.google.com/amp/s/www.forbes.com/sites/panosmourdoukoutas/2017/08/23/big-governments-will-crush-bitcoin-but-wont-kill-it/amp/
I think the the crypto bubble will be allowed to grow until it creates a true hysteria among the general public. That way any crash can be pinned on market sentiment fluctuations. Once a true crash has happened, I wouldn't be surprised if @srezz's hypothesis plays out. It's much easier to suppress something once it has been knocked down than to knock down something that doesn't want to be suppressed.
The truth is we are in uncharted territory. The central banks have shown they will do almost anything to retain control, but the public is increasingly turning away from them. If they move too quickly, they risk further eroding whatever faith is left in their system. If they wait too long, they risk taking heavy handed measures.
@srezz makes a good point about the bankers improved toolkit, but I honestly think they kind of want to see how strong this phenomenon is - we've just entered the public awareness phase. I've seen numerous public statements by head bankers saying things along the lines of "cryptos are an insignificant share of the market and do not currently pose a threat". These statements may be misdirection, but I tend to think this is their way of saying "have fun while it lasts because we will stop it as soon as it becomes significant".
Agreed
Well shit...
Wish i had more to offer on this, but i don't.
I guess i'll be doing much Googling for the next week to form some hypothesis.
It all makes sense, I imagine there will be a bit of a fight and some tug o war. The glimer of hope i can offer is as follows.
Sir Richard Branson, is highly involved in block chain. I hope it if for the better and greater good and not to manipulate. He holds a block chain summit every year.
I think this summit is to advance the use and acceptance of bitcoin and block chain, but now i wonder.
Well, keep me in the loop of whats happening with this and the PPT. i'll continue to do homework o the matter.
Something for your homework:
...the NSA, in conjunction with MIT, produced a white paper in 1996, spelling out how an anonymous cryptographic currency could circumvent the current cash system. This was a full 12 years ahead of Sat-on-sushi’s white paper explaining bitcoin. Never mind the fact, as The Daily Economist pointed out, Satoshi’s white paper just happened to hit the wire during the 2008-2009 economic meltdown, actually being released on Halloween 2008. Personally, I gave up on coincidences decades ago....
Srezz, so are u out? Or still going to ride the wave a little longer.
Still have a small position in ETC as it offers one of the best rates of return.
Thanks @srezz !
I guess that the CME wont include ALT contracts though right?
Isn’t there a chance of another crypto driving force to emerge from this, in case of course BTC starts displaying Gold like behaviour?
To drive the entire CC space wherever they want to BTC futures contract with options on the top is more than sufficient.