Here's why I'm not jumping on the Crypto Market. - The Great Awakening

Here's why I'm not jumping on the Crypto Market. 🤔💭 Theory 😲💡

posted 2 years ago by sleepydude 2 years ago by sleepydude +38 / -0

I see a scheme, and I don't like it.

It goes like this:

Be Central Banks
Create a non-physical, intellectual currency with good prospects of banks being unable to "print more money"
Pump it up with a lot of fiat money to make it appetizing
Use controlled opposition to prop it up further and encourage organic support
Get all the political right, moderates, liberals and conservatives alike to invest in crypto
Quickly implement legislation that bans cryptocurrencies and seizes the ethernet blockchain using the FBI and the Central Bank's leverage over the legacy markets.
The US Government would then own all the crypto certificates, and now the only way to cash them in is to turn it back into fiat dollars.

I'm not saying that's what is happening, but it doesn't seem outside the realm of possibility.

I don't like the odds on it, and I'd even say out-of-hand gold and silver schemes like Charlie Ward is pushing is also running the same scheme.

What are your thoughts? Am I being overly paranoid? Did I miss a step with crypto?

It's my understanding you might own the coin, but only the certificate issuer can "cash you out". If that were the Federal Reserve or the FBI, then what happens when they say you must cash out with fiat notes? Am I wrong on that?

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– SuckaFree 3 points 2 years ago +3 / -0

It's all 1s and 0s homie. And that valu is based on "consumer confidence" not scarcity like precious metals.

My suggestion is that you regularly cash out and convert your crypto holdings into something more tangible.

Watching what Canada is doing to [their] citizens re first funny money and crypto currency, this makes it all the more important to convert your holdings regularly. Convert them into fiat and then convert that into precious metals.

Eventually, the crypto bubble will pop, like all bubbles do.

Precious metals are I herently immune to market manipulations b cause it's based on physical holdings vs what's left unmined, i.e. scarcity.

This is THE REASON why POTUS45 is vehemently against crypto.

Besides, it's all held in "the Cloud." And who owns "the Cloud?"

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