Quote from: Pitstop on July 24, 2013, 02:17:28 PM

I watch the markets closely and its my guess that within the next 12 months some very interesting things are going to happen to Fiat ( paper ) Currency , I say interesting not to be a doom and gloom advocate but I see bubbles everywhere: Bonds, Stocks and Derivative markets. So if everything implodes within the next 12 months where is one to go to protect their purchasing power? Gold, Silver and Cryptos of course.

I see people piling into all three asset classes above or at least those who act early enough, unfortunately many who are asleep at the wheel will re-act and it will be too late for them, as they said in South Park Poof and Its Gone!! either the purchasing power of your cash will be devalued or we will see more Bail-ins as we did in Cyprus where they just take a % of your savings Ouch

Some would say Cryptos only dilute peoples investments into Gold & Silver Bullion which has been the only Money there ever has been for over 5000 years, to a point I agree but if people have faith in it, it will work. Fiat Currency has thought us this over the last 40 years. So to finish with a question? I see the top 5 Cryptos doing really well over the next year but what about the others as they seem to be springing up everyday? And who are seen as the Top 5 after Bitcoin?

Fiat is probably not going anywhere, period. However, perhaps cryptos can be a second form of payment. In any case be sure to never invest more than you can afford to lose (in case cryptos go to 0).