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<blockquote data-quote="35years" data-source="post: 3207611" data-attributes="member: 60822"><p>I have been thinking more about this brave new world of unregulated crypto currencies.</p><p></p><p>Personally, I believe the switch to cryptos will eventually lead to a devastating worldwide economic collapse.</p><p></p><p>At the first sign of hyper-inflation money floods into cryptos as a hedge against the dollar, or if the current debt crisis in China is mismanaged, the Renminbi...The Venezuela economic meltdown was the pre-cusor, it was not gold or the dollar that people fled to...but cryptos.</p><p></p><p><a href="https://www.bloomberg.com/news/articles/2017-10-29/global-economy-s-health-at-stake-as-china-tries-to-hold-a-sneeze" target="_blank">China Puts the Global Economy’s Health at Risk</a></p><p></p><p>For a short time the cryptos soar. With no regulation to manage volatility, the crash comes quickly afterward.</p><p></p><p>Just my opinion.</p></blockquote><p></p>
[QUOTE="35years, post: 3207611, member: 60822"] I have been thinking more about this brave new world of unregulated crypto currencies. Personally, I believe the switch to cryptos will eventually lead to a devastating worldwide economic collapse. At the first sign of hyper-inflation money floods into cryptos as a hedge against the dollar, or if the current debt crisis in China is mismanaged, the Renminbi...The Venezuela economic meltdown was the pre-cusor, it was not gold or the dollar that people fled to...but cryptos. [URL='https://www.bloomberg.com/news/articles/2017-10-29/global-economy-s-health-at-stake-as-china-tries-to-hold-a-sneeze']China Puts the Global Economy’s Health at Risk[/URL] For a short time the cryptos soar. With no regulation to manage volatility, the crash comes quickly afterward. Just my opinion. [/QUOTE]
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