Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
geotom
on 18/03/2016, 21:43:24 UTC
Coming to many crypto forums it feels a little like the sky is falling on cryptocurrency but for all the talk of the short term position of coins, there is little talk of how factors external to the performance of crypto markets, with their whale manipulators, will potentially effect the price.

Just opening a window in here....

The outlook for the global economy in the next 9 months is pretty sketchy. Growth is slowing in China and the Yuan is entering a period of Devaluation. GDP predictions in a number of western nations are being revised down. The potential UK exit from the EU will likely negatively effect both GBP and the Euro price regardless of the outcome. Hyperinflation is now starting to effect several developing nations economies. All of this is coming off the back of some of the largest (failed) QE projects in history worldwide. Add to this mix that large financial institutions are now seeming offering products very much like the CDOS that caused the craziness we saw in 2007-8 (only this time if that house of cards collapses there isn't any hope that even the strongest national economies will be able to cover those losses with bail outs).

My question is this: If we see a global implosion/ currency crisis this year (with the potential for bail-ins), would we see a greater number of investors trying to shield losses from bail-ins/ fiat devaluations using cryptocurrency investment (think Cyprus, but global).  If this situation comes to pass I feel we are likely to see a great many REAL whales with an eye to making long term investments across the crypto currency space as they flee a fiat time bomb. At that point whoever is holding, whatever amount, is likely to become very happy indeed - caveat: as long as infrastructure is in place to enable currency transactions and POS for goods and services without ever touching fiat.

My 2 pence ladies and gents. Please feel free to rip to shreds.