Currency
Login

Currency

Martin Armstrong: Cryptocurrency – Is There a Total Risk of Loss?

Share on Facebook Tweet on Twitter

Posted by Martin Armstrong - Armstrong Economics

on Monday, 26 February 2018 06:43

Vitalik-Buterin-768x696

Martin with a must read for any investor in crypto currencies. He includes an answer to the question of crypto currencies ability to drop to zero. Robert Zurrer for Money Talks

QUESTION: Vitalik Buterin (picture on the right), the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.”

Do you agree with him? It seems like you do.

LM

ANSWER: Absolutely! None of these currencies will ever make it to be a viable real-world currency. Anyone wh0 thinks that these will be safer than an official currency is not thinking clearly. We are moving toward an electronic currency since today only about 4% of transactions take place in and paper money. Nevertheless, those who think that this circumvents central banks etc and this is the future are really out there in the unrealistic world.

A currency has to be LEGAL TENDER as long as we have governments. That means it must be acceptable even by the government for taxes.  This cryptocurrency is not really a currency at all. It is simply a speculative investment. To be a real currency it must be used within society to conduct commerce. We cannot accept it for by the time we would go to convert it, who knows what the value would be. It is far too volatile.

Miss-Uncut-sheet-The-Real-Estate-Banking-Co-r

Cryptocurrencies are reminiscent of the Broken Banknote Era set in motion by Andrew Jackson when he closed the central bank. Every bank began to print their own currency and this led to massive fraud. Notes were circulating and people had no idea if it was real or a fraud. We cannot have 1,000 different cryptocurrencies all circulating and trying to become the one true currency.

In the end, still, only an official currency will survive. The governments of the world can easily just outlaw cryptocurrencies if they impinge upon their monopoly. For now, they are not a serious threat.

....also from Martin Armstrong:

Fraudster Tries to Sell $20 trillion of Bitcoin



Banner

Currency

Currency Update

Share on Facebook Tweet on Twitter

Posted by Gary Savage - Smartmoneytracker.com.com

on Wednesday, 14 February 2018 06:03

This video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.

https://blog.smartmoneytrackerpremium.com/

Screen Shot 2018-02-14 at 7.05.25 AM



Banner

Currency

RIPPLE’S TULIP BUBBLE: May It Rest In Peace….

Share on Facebook Tweet on Twitter

Posted by Steve St. Angelo - SRSRocco Report

on Tuesday, 06 February 2018 06:21

Unfortunately for crypto investors “HODLING” onto Ripple, their huge gains have been wiped out in just the past few weeks.  While Ripple’s price surged to massive percentage gains in a short period, it came down just as fast.  Unbelievably, Ripple’s price surged from less than a penny in March 2017 to a peak of $2.81 on Jan 1st, 2018.

Ripple’s stunning price increase would have made investors during Holland’s 17th Century Tulip Bubble, quite envious.  Ripple’s price increased a staggering 46,700% in a mere nine months:

RIPPLE-The-Tulip-Bubble-768x537



Read more...

Banner

Currency

Jack Crooks: Getting The US Dollar Right is Key

Share on Facebook Tweet on Twitter

Posted by Jack Crooks with Michael Campbell

on Monday, 05 February 2018 06:19

Jack Crooks tells us that if you must get anything right, get the US dollar right. Near term prepare for a weak CDN Dollar to 74 cents. 

....also from Mike: Great Advice from Guests James Thorne & Paul Beattie

 

Unknown

 



Banner

Currency

Bob Hoye: Pivotal Events

Share on Facebook Tweet on Twitter

Posted by Bob Hoye - Institutional Advisors

on Friday, 02 February 2018 19:00

 Screen Shot 2018-02-02 at 6.59.25 PM

Signs of The Times

“New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards”

                                                                                                         – Zero Hedge, January 12.

“Why Is Liberal California The Poverty Capital Of America?”

                                                                                                        – LA Times, January 14.

“Some South Africans Are Going Bankrupt Buying Cryptocurrencies”

                                                                                                        – OkayAfrica.com, January 17.

“Year after year, the stock market has roared ahead, driven by the Federal Reserve’s excessively easy monetary policy.”

                                                                                                       – Martin Feldstein, WSJ, January 16.

“China’s home sales surged to a record high last month, despite a prolonged government campaign to curb property speculation.”

                                                                                                       – Bloomberg, January 18.

“China Orders State-Run Companies to Make Profits”

                                                                                                      – Bloomberg, January 23. 

“A small and transitory overshoot of 2% inflation would not be a problem.” 

                                                                                                     – William Dudley, Pres. NY Fed, Bloomberg, January 19.

“Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts”

                                                                                                    – Bloomberg, January 23. 

Perspective



Read more...

Banner

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >> Page 6 of 191

Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Our Premium Service:
The Inside Edge on Making Money

Latest Update

Martin Armstrong and How Bull Markets End

Back on July 26th, we invited Martin Armstrong back to get an update on his views on stocks, bonds and politics.  Not only did Martin suggest...

- posted by Patrick Ceresna

Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Mark Leibovit Greg Weldon Ryan Irvine