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The Forum > Article Comments > Hopes and nightmares over crypto currencies > Comments

Hopes and nightmares over crypto currencies : Comments

By Binoy Kampmark, published 11/12/2017

'If things were still the way they were at the beginning of the year, over 80 percent of the world's bitcoin trading and ICO financing would take place in China...'

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Hopes and nightmares indeed! Just as toxic as the flood of completely unregulated derivatives, around 64 trillions "worth" of nothing, that flooded the market! And fuelled/rung in the GFC!

Let's be clear, China as the, too clever by half, originator of bitcoin, is the only economy that could ever hope to benefit from the sale of mass produced, Emperor's new clothes!?

And available with just a few keystrokes? And Abracadabra, poof, bitcoin?

Ain't magic/algorithms, just so deleted expletive, wonderful?

First rule of investing! If you don't understand it don't buy it! Second rule, if it seems to be good to be true, it probably is!

Third rule, reread rule one and two until you understand exactly what they mean or infer!

Forth rule, and only applicable if you've had to invoke rule three? Don't worry about the smell of smoke? It's probably emanating from previously unused cerebral circuits?
Alan B.
Posted by Alan B., Monday, 11 December 2017 11:14:27 AM
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But another gambling platform(investment), for criminals(investors), to avoid detection. Ideal for the stellar Chinese criminal, to manipulate the currency trade.
Posted by diver dan, Monday, 11 December 2017 11:38:03 AM
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"Unfortunately for Stiglitz, this would assume that traditional currencies are somehow stable, immune to the speculative bubble."
For all intents and purposes they are, as long as their value is set by the market. Governments and central banks can control supply and demand by tightening and loosening fiscal and monetary policy. And if a speculative bubble pushes the currency too high, the government can counteract this by starting (or expanding) a sovereign wealth fund.
Posted by Aidan, Monday, 11 December 2017 11:51:24 AM
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Typically, stalkers who write risible rubbish or unfounded speculation are invariably late commenting here! So their claims can't be interviewed/refuted by the known facts.

And some of those credible facts can be found in, Super fuel subtitled, green energy, by prize winning investigative journalist, Richard Martin!

Fluorine gas just doesn't hang around waiting for permission to leave and decommissioning is always a problem, when a project is suddenly defunded and or, for folks with no working knowledge, of new to them technology.

For heaven's sake get on U Tube and get your facts from folk who know stuff like nuclear technologist, Kirk Soresen or Richard Martin. And for free!

As opposed to obfuscating masters like mhaze, nicknamenick and several others, not here to help in any way, shape or form!

Sorry, I seem to have used up my posts for the day on the other thread but still need to set the record straight!

Sincere apologies, if I've transgressed!?
Alan B.
Posted by Alan B., Monday, 11 December 2017 3:53:31 PM
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Anybody want to buy a Tulip?
Posted by Jayb, Tuesday, 12 December 2017 7:01:20 PM
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