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RE: Coins to Stay Away from. Ex-banker shares some thoughts.
I agree with your idea of hard assets. Dollar is not safe today, with all that's going on and might happen in the future. Crypto is not safe heaven either, and is driven by many factors and some of these factors can go wrong or correlate with other factors that has gone wrong.
yes agreed, but i see why there is this rush to get out the dollar, getting to risky and to dangerous. so hopefully governments dont step in and regulate cryptos to where the dollar is today. i know the bankers aren't liking ppl getting out their grasps.
I think the government will want to take a piece of the crypto cake too, and they are probably too busy with other things at the moment. With all government bureaucracy, to come up with a clear and workable policy in crypto in one government will take many months. It will take them even longer if they are thinking about more complex rules to eat a bigger piece of everyone's cake.
ya they do take way to long to get anything real done, but its so weird that people in the government see so many ppl gaining and winning and all they can say is "where's my cut" lol, come on isn't your wallet fat enough?
I think although the government themselves don't book the gains yet, their family, relatives and friends are certainly on the front line of making these profits.
hmmm we need to go back where our government did live off the markets and extreme taxing, can't wait for the day