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RE: Cryptocurrencies Are Blowing Central Banks Out Of The Water - with Jeff Berwick

in #money8 years ago

It's so much more pleasant to use DASH or LTC, and so much less expensive that I don't really see the same dominance for BTC going forward. (JMHO - just my humble opinion)

Must acknowledge though, that sooner or later, catastrophic shakeouts will likely occur. Presently billions of dollars are entering and exiting, every single day. Learn to take profits, for sure, but you must already be holding when the Big Money comes in.

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I prefer LTC

Me too, it works so well I keep spending it.

Am i the only one seeing a crypto bubble brewing?
a few would survive but i believe most would go pop like we had with the dot.com a few years ago. get in now with ICOs raining all around but spread the risk and hold on to that what is good.

Well, it's no longer brewing, it's deflating. It looks to me like the Big-Money was the last money in and probably the first out. It wasn't lots of "little people" adding Billions each day. Mr DV's (dollar vigilante) words are now ringing true that you don't know you are in a bubble until afterwards to paraphrase.

There is and will continue to be a bubble of investment here because it is an earth-shaking arena. It will change everything just as the Internet 1.0 changed everything. And the powers-that-shouldn't be will appear to have the upper hand, until one day they don't.

And beyond blaming TPTSB real markets are scary and subject to the Madness of Crowds.