7
7
0
China
Economy
Responses: 4
2
2
0
1
1
0
I think the bigger issue is the State Owned Enterprises which receive loans (by government direction) from banks... & then never quite make the payments. All the while selling stocks that are given value based on the “worth” of a company which is only propped up by more loans (which will never be paid), the investors’ money, and lastly, the money of the banks’ depositors which is lost due to bad loans....
And bitcoin is risky?
And bitcoin is risky?
(1)
(0)
PFC (Join to see)
Well bitcoin there is risk involve because the concept is still new and it's not backed up by anything physical or even government entity backing up it's worth and fortifying it's value.
(0)
(0)
Sgt Wayne Wood
Well... *ALL* fiat currency is backed by faith. How much is a commodity worth in a glut market? The US keeps printing cash & selling bonds to back it... in MY lifetime the dollar has lost over HALF it’s value (based on exchange rates with other fiat currencies).
The beauty of the bitcoin is the hardcoded limit on how much can be created... it will find it’s own value level.
Meanwhile... the dollar will continue to lose value.
The beauty of the bitcoin is the hardcoded limit on how much can be created... it will find it’s own value level.
Meanwhile... the dollar will continue to lose value.
(1)
(0)
PFC (Join to see)
Well the dollars is actually strengthening in value because of the confidence as a reserve currency I remeber back in 2011 the exchange rate between the Euro and the dollar was a lost 2 dollars to the Euro now it's almost the same because businesses understand the dollar and how it works. Bitcoin is not going to be a replacement for the dollar not bitcoin itself anyway. The US government is researching their own version of bitcoin this might be the version of crypto currency that will most likely replace the dollar as we know it.
(0)
(0)
1
1
0
Thanks for sharing PFC Justin Iwamasa, way out of balance on risk ratio, but not to be mean they're not our allies so why should I care?
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google