This is what I think is happening with crypto currencies. The tech-savvy people who cannot enter the US bond market, who despise the over-topped US stock market, are turning to a different alternative to putting cash under the mattress or into land, gold, or silver. If the Internet exists for the next 50 years then Bitcoin is the new IBM or Apple stock.
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I'm still a strong believer in Gold and Silver.
I do agree with you getting into crypto.
I'm learning everything,I ca ,and there's a lot, in understanding and buying as well as which "mattress" to put in under.
As much as I'm for it, just open an account with coinbase, so many mixed reviews, I'm going to try some small buys at first, but I still don't know enough to say anything for sure.
If the internet gets regulated to the point, which we can all be tracked by our digital footprint and if the damn governments get involved, will the tax it as you buy and sell, make you buy yearly licenses, could they make a legal form of coin outlawing the rest? I know I've got a lot to learn but right now these seem like good legit questions.
The US/UK/Cabal cannot stand any alternatives to the petro-dollar / narco-dollar / US Treasuries system. I fully expect legislation and regulations on crypto currencies in the form of taxes and tracking.
Don't trust any software "wallets" held on someone else's computer. Learn and get desktop wallets and hard/USB wallets.
You Are Right To Be Concern The Fed Is Researching And Producing Their Own Block Chain Payment Model, Called "Fedcoin" ! That Is Why I Don't Have Any ! I Buy Silver Something I Can Hold In My Hand !
If the government is desperate enough to start taxing and confiscating precious metals then an alternative is numismatic coins and gold/silver jewelry.
Ive been doing some reading the last 24 hours and watching videos about Gold Silver and crypto.
Yes I couldn't agree with you moreAlexxx, Silver is WAY undervalued and even with crypto being the thing to get into, problem is which one will prevail?
At least we all know silver and Gold will remain a store of wealth.
I have no doubt the governments will get involved and this wont be a free monetary system, they cannot allow it, and here is a very interesting video if you haven't watched it with cliff high. VERY INFORMATIVE
Silver should be at $600 and possibly could even? Just think if he is right, gold and silver 1:1 ratio!!
http://usawatchdog.com/crypto-currencies-show-global-reset-underway-clif-high/
Clif's prediction would have been right if Silver prices weren't rigged since decades. The biggest threat to the US-$ was Gold and Silver (remember Paul Volcker!) as real money, as a real store of value throughout centuries! And they still are a not-only-alternative but a "must have"! But in my opinion, Cryptos will bring the FIAT paper system down to its knees; it's only a matter of time depending on "when will the common citizen recognize that the 'hunger games' of inflation is stealing his money on a daily basis, and when will be the day they're losing trust!?" By the way... - Clif is one of the brightest and wisest man I've ever had the luck to listen to! Cheers!
Thank You For The Video! I Am Trying To Understand This Situation !
Have you seen the latest run in Japan where the government cut taxes on BTC and declared it as a currency; almost immediately hundreds of stores , airlines, etc. are accepting BTC, and the rush of the Japanese citizens was astonishing! The same will happen, maybe not as fast in Australia where the gov has also cut taxes on BTC. I'm absoluteley convinced - not because I'm a trader, I'm not - but because that disruptive nature within crypros, their ability to change social life in its core is what makes BTC"here to stay"!
IBM, Apple - you're right... - you will see. I bought Apple shortly after Microsoft safed them... - and I have the same feeling today! Good luck!
Why would any government cut taxes on anything? Sounds fishy!
I guess you mean the ulterior motive! The government does nothing ever for free motive. I agree to that. But in Japan's case, I think, it's because of the Greenback and his close ties to the price of the Yen; with cutting taxes on BTC and the side effect that many citizens are selling Yen for BTC the US $ has less influence on their economy; since WW2 Japan is nothing but a vassal state to America!
If we have a market crash it might very well bring down cryptocurriencies and precious metals at the same time due to people panicing and trying to cover their shorts.