Posted by: donmihaihai | December 24, 2017

Hottest and Most storied

At the moment, that will be bitcoin. Or maybe I can include the gang of cryptocurrencies. Doesn’t matter, they are the same. And doesn’t matter how many cryptocurrencies are out there,

These are what someone just said new money and what we are using is call old money. new money is associated with well, they call high tech start up. Smart people who are changing the world.

The rise of price make Bitcoin hot, very hot. Medias start reporting them. More people read it, greed feed on greed, medias feed on news. And here we are, getting one of the hottest and most storied return of the year with many people talk about it without knowing exactly it is.

There are people who know that they don’t know and there are people who don’t know that they don’t know. I am trying say I don’t know but telling people that I know, that is contradicting.

There is no way, these cryptocurrencies will become real currency or alternative currency just by looking at the price chart. Currency doesn’t move like that. How can we use it as an exchange medium when move like that? If these are currency, these price chart make zero sense unless there is a hyperinflation going on in the cryptocurrencies world.

CM says it the best. “You know it is one thing to think gold has some marvelous store of valve because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin… They tell you there are rules and they can’t do it. Don’t believe them. When there is enough incentive, bad things will happen.”

This make prefect sense. The incentive is there. We can see it from medias daily. So what next? When shops are selling the hottest thing in town, and can’t find enough to sell, they will try to sell alternatives. cooked up stories to make alternatives as good as main. Now, alternatives is still alternatives. By hook or by crook find more main, some shops might think…….. Human nature.

What about when a shop is selling hottest thing in town, other shop will rush to get alternatives out. And someone will create fakes.

When the whole thing ended, someone will die. People love to say uncle and auntie losing lot of money when manias ended. But it doesn’t sound right, throughout history, rich are better educated, and they are smarter because of education. And they are the majority playing with investment because they have extra and richer. I don’t see how much we changed.

 

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