I'm not a huge fan of news (especially politics) but every once in a while I get an email in my inbox that starts like this:
Wall Street tumbles on political controversy
All three major indices registered significant losses as markets closed yesterday. The Nasdaq registered its worst day since the Brexit vote last June, the S&P 500 lost more than 1.8%, and Dow Jones lost more than 370 points. The drop is attributed to more details being uncovered regarding the investigation into alleged Russian interference in Trump’s presidential campaign.
I hate to tell you "I told you so" but I was one of the few believing that Trump's presidency will be worse than the Apprentice (which was mediocre, at best). It was just a question of time until some major blunders will roller coast into the markets.
But here comes the good news (from the same email):
Bitcoin and Ethereum climbing: Bitcoin crossed the $1,800 mark again this morning, while Ethereum passed $90.
In a strange turn of events, looks like there is something good even in the worst blunders. If this stupid politics game will contribute somehow to a faster collapse of the traditional banking, then, in all honesty, I'll buy Trump a beer.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
It's rather easy for one to see where this is going. This is also why I believe we are not in a crypto bubble. Even if one wishes to pull out their money, where would they put them safely.
I believe the next crisis, whenever is coming is going to have the same effects in the economy as with what happened in Cyprus a few years back. Saving accounts will suffer a "haircut". That't right. Any individual with more than 100K in their account will see their money vanish.
Most people are not aware of this.
https://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis
Totally agree with this. I already see strong signs of banks strengthening control even if you're not moving your money away from them. Life will get very interesting, very soon.
Heck yes to these new Finance techs. Pla Pla
Go go Crypto, down with the Banksters!!!!
1.8%? That happens twice a month.
Until my local newspaper changed the layout (and some things) to worse 2 weeks back, they had quite a funny stock exchange report. Where the DAX (German Index) roamed freely on one day, covered in fear the next, was going decisive the third, sometimes imitating a strange creature.
Now someone else writes it and its soooo boring.
Funny how the deepstate pedos find a way to blame Trump for EVERYTHING including their Ponzi scheme ready to burst bubble. SMH- pathetic and desperate and soon to be revealed for the monsters they are.
I don't know who you're talking about, but I don't blame Trump for EVERYTHING. I don't blame it for anything, to be honest, I'm just recording the correlation between cause and effect.
i believe he's talking about the powers that be. All these troubles coming our way were years/decades in the making. Crypto's are gonna go to the moon :D
the banksters froze me out of THEIR market.
can't say I have any sympathy for them
what about this
for steemers?
you're a dev? at least you know some who are?
you might consider passing my idea on to them if you do.
A shop in which you could pay with Steem would be nice. I think there was already a project in this area and there might be projects about plugins for popular platforms like WooCommerce.
competetion maybe?
They could probably make that work. Create an app where you swipe your phone over the scanner at a store and it auto deducts from your Steemit.
You could probably use the same technique for any crypto.