You are viewing a single comment's thread from:

RE: Must Watch! IMPORTANT UPDATES: Stocks, Bonds, Gold, Silver, Oil, Crypto. By Gregory Mannarino

in #bitcoin8 years ago

Thank you Greg for giving me the final push to sign-in to steemit. And thank you for the great market insights. I barely miss any video or post of yours.
Regarding cryptos, I think they are behaving like it was expected from the precious metals. I will convert my crypto to metals slowly over time as I expect increasing corporate attacks (Ripple) and monopolization (BTC Core). The decentralized free-market anarchy will not last forever I'm afraid, because free markets tend to destroy themselves. But for now let's enjoy the QE leakage into our cryptos. I believe BTC will remain the reserve currency of cryptos for a couple of years, unless malicious attacks like for instance bribery of programmers are successful.

I believe that the same QE leakage also prevents stocks from nominal depreciation.