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by jdkuepper
4579 days ago
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> Then, as has happened before, it will climb back up to $1200 and beyond, probably up to somewhere between $4K and $10K before the next big crash. If you do want to speculate on crypto currencies, wait a day or three and you’re about to get a great deal on Bitcoin. These kind of statements are a red flag for me. The majority of the people trading bitcoins seem to be interested in capital appreciation or alternative assets (e.g. Chinese stashing assets), rather than using it as a currency for transactions. Currencies are embraced for their stability and predictability... that's why the USD is a reserve currency for the rest of the world. The Economist sums some of this up in their recent article:
http://www.economist.com/news/leaders/21590901-it-looks-over... |
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