I'm not sure we ever had a global recession. Perhaps in ww2 as this was a disaster, but since then the world gdp was always positive. This time though we might see it. And everyone has an excuse ready, so there won't even be inquiries and research on what actually happened. All the problematic financial industries as the derivatives won't meet any new regulation restricting their inflation of the bubble and the problems will be passed to the next decade making the effect of a collapse ten times bigger.

So your thoughts on these assets then? Can they be considered a store of value with that high volatility? If not the only remaining classification would be a highly speculative asset without any purpose though. Is there anything left? Some usecase that volatility does not cancel?

There are banks in Germany that offer regulated custody services but I'm not sure they treat cryptocurrencies as cash. Banks lately found out that cryptocurrencies have a good chance to become the future of currencies and are creating some services that might facilitate trade and investment exposure. Still they don't fundamentaly change their centralized systems towards massive adoption.

It would be better if you had a list of bounty managers that promoted all these projects.
They get paid and bounty hunters don't.

Trust? I thought the system was trustless.
The history of gold ended with the advance of technology. Gold is nothing but history and in the next one hundred years it will keep losing value. This was it's tip. It is overpriced manipulated and useless asset.

Why is gold a safe-haven to begin with? What makes gold have a price? The mining cost is irrelevant to the extreme valuation of this asset.

Gold has no intrinsic value. The price is what people believe it should have. I remember a no-coiner proclaiming a few months ago that Bitcoin has no intrinsic value.
This statement is not true as it does have a huge production cost which in turn supports the security of the network. In my opinion it is gold that is not a store of value anymore.

Buy Bitcoin BTC just in case you were wrong. The world in general is more volatile than Bitcoin. You make plans, spend years to learn skills, get a degree, get a second degree, find a job and one day you wake up and learn from the news that your economy just collapsed. Your stonks went to zero, your bank blocks your withdrawls, capital controls take place, the value of your home drops by 50%, the company you work for went bankrupt, etc.
It is important to have a plan and even if you are a gold bug, consider that you might be wrong about gold being a safe asset. Since you have an interest in Bitcoin you will eventually figure out that it has all the required properties of being a safe-harbor and a store of value.

I don't think that people in this forum are savages and they will become abusing you for this question.

The thing you should know is that anything else besides Bitcoin is labeled as an altcoin. The reason is that probably they wouldn't exist if Bitcoin didn't exist.
To answer your question, most altcoins are an inferior imitation to Bitcoin. A few of them as Ethereum have managed to differentiate and create a use case that made them reach a higher valuation. The fact is that 99% of altcoins are going down to zero and won't ever make it. Taking into consideration all the use-cases cryptocurrencies might have I would say that a maximum of one hundred of them will be around after a few years. Consider that there are around 10,000 altcoins today.

The money is gone. PlusToken was a Ponzi Scheme that collapsed and the high-level scammers run with the money. They signed a Bitcoin transaction with the message "Sorry, we run".
So as you can understand there is no way to get your money back. Any cryptocurrency you send them was sent in wallets controlled by the scammers and most of the BTC they extracted have already been sold through various OTC desks. Sadly the money is gone. I understand that it is frustrating and I don't know if there will ever be justice delivered on this instance.
You need to move on and never trust anyone, especially projects that guarantee high returns.

All your messages on bitcointalk looks like you just want to buy cheap. Instead of wasting your time, why don't you look at the charts and just buy the dip. If Peter Schiff is your ideal financial adviser you should stick to gold forums, if any such think exists. In bitcointalk people talk about price, but also talk about the technology. I don't know what goldbugs talk about. New excavators perhaps. Try learn about these instead.


I don't know anyone that would write anything like this, unless perhaps it we Peter Schiff himself.