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RE: "All This Has Happened Before.." - FAQ on Why the Cryptocurrency Markets are Down
Cryptocurrencies and blockchain are going to replace the current monetary system - I think most people involved see that, the only question is how long it will take.<
You know, as a PM stacker that sounds eerily familiar to me. That is basically the same what PM bugs tell each other - and themself - for years now. And the prices are still rediculously low, after all those years.
My recommendation is: don't invest unless you can afford to wait for a profitable - or loss free at least - payout for a long time. Perhaps even years.
I have no idea what that (PM) is. That is the difference.
Sorry, PM - precious metals, as in gold, silver ect.
Sometimes the "gang slang" comes through... :)
Of course I knew it would be something obvious! I think the thing about precious metals is that they aren't a disruptive technology though.
Oh, they are very disruptive too, to those who control the fiat currencies (paper money). They always have been something like a mirror that reflects the true value of a fiat currency. For that reason their price gets supressed and maniputated down, to conceil that the value of the US$ (and other paper currencies) is sinking for decades.
Crypto currencies are just another annoyance for the powers that control the money flow - simply because they are difficult to control. But they will try, I'm sure.