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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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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.