Quote:
Originally Posted by Gatordash
[You must be logged in to view images. Log in or Register.]
Anyone nervous about the only people buying these global cryptocurrencies is those in the US? Bitcoin and Ethereum are described as a global cryptocurrency where you don't need banks etc., but its not really a currency because no one uses it as such, its more like a digital investment commodity. Problem is for that to be worth anything, everyone has to agree that is it worth something. But the only ones who think it is worth anything are those who live in the US I assume because we are the only ones buying it. Anyways if global banks start tightening up and raising rates I could see people in the US holding the bag on some of these cryptocurrencies. |
That's exactly how pyramid schemes work - someone is left holding the bag.
You hope it isn't you.