Quote from: cosmofly on October 05, 2019, 07:35:16 AM

Quote from: Hydrogen on October 04, 2019, 11:47:49 PM

This could serve as a cautionary tale. A good reason to diversify holdings between banks and other stores of value like bitcoin.

Banks have pulled stunts like this for years. They appear to be growing bolder and more blatant with exploitive and predatory practices. Deficit, debt and economic slow down could represent levers which increase these tendencies. As floundering economies can have a tendency to influence leveraged assets held by banks into forming massive credit bubbles, which were unromantically bailed out in 2008. Those negative circumstances coupled with banks already over extending balance sheets could result in many banks inventing ways to make up the difference to maintain their bottom line.

There's a fine line where deregulated currencies and trustless financial systems carry a potential to outperform traditional financial institutions which are regulated and insured. It goes against the grain in terms of conventional wisdom. Yet perhaps we will soon see it as a harsh reality which could be a scary scenario to contemplate.

Please stop mentioning bitcoin. It is not a good currency as you think. Do you think it will automatically increase after every year? NO
it is run by manipulation organizations and this manipulation cannot last for too long, which is the law of life. things with no value will be eliminated and bitcoin will be one of them.
Please, if you want to keep a lot of money, buy gold or real estate, it will definitely be a great asset in the coming years.

Bitcoin can definitely keep increase year over year for many years to come.

It's a deflationary currency while every other asset is deeply inflationary, which means bitcoin has infinite room to grow.

lightningmelo

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