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Don't get cryptos confused with the system they are recorded on....

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WildOne

199 Posts.

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17/03/18

16:17

Post #: 31829335
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Originally posted by bruceyg ↑

funky - imho they are here to stay. whether as bitcoin litecoin or another ***coin, but they wont go away. eventually the central banks will create their own all based on the blockchain technology.

in the meantime they will tend to be volatile and if one can, one can still make money - getting hold of the knowledge to work with cryptos is not easy for everyone however.

south korea uses the technology as does the in, and the asx is jumping on it. only a matter of time that a government form of crypro will be legal tender even if it does violate the constitution

it was recently estimated that if one blindly invested on every ico they would have made a 13 fold increase

bitcoin may head back down to $4000 but that will be a bottom - imho

tang - very few have any idea of cryptos or the basic foundational technology and for the elder generation its not easy to comprehend however they should as this is the future. ive been looking at this for a while and whilst I have bought several different cryptos I'm still trying to fully comprehend it.

when I mention cryptos in a group all their eyes take on a different hue

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Don't get cryptos confused with the system they are recorded on. Blockchain is a great system. Cryptos are collectibles like stamps or artworks. They are not currency. Governments could issue cryptos, as they do postage stamps. Collectors may place a high value on an issue of stamps or cryptos (not sure why personally!)
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