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<p>[QUOTE=&quot;ToughCOINS, post: 25838381, member: 20480&quot;]I think the new normal is the decline of confidence in fiat currency.</p><p><br /></p><p>Therefore, I think metals will appear to get more expensive. In truth, they&#039;re only holding their own while fiat declines. Same for food, clothing, shelter and warmth.</p><p><br /></p><p>As for crypto-currency, I think it too stands a good chance of holding its own in the marketplace and appearing to increase in value, again only relative to fiat. When I say that, however, I say it only for <a href="https://www.solulab.com/asset-backed-cryptocurrencies/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.solulab.com/asset-backed-cryptocurrencies/" rel="nofollow">Asset-Backed Crypto-Currencies</a> (backed by something tangible, and not those bought / held their artificially-limited quantities.&nbsp; Backed by something people believe in . . . such as commodities or consumables like oil, feedstocks, food, water, etc).</p><p><br /></p><p>Cryptos appreciated for their limited availability, BitCoin being the prime example, are not unlike other contrived rarities appreciated for their limited populations (think special, limited edition collectibles . . . yeah, the ones that every owner will maintain in its highest possible level of preservation, so that attrition never makes it more scarce than present day).&nbsp; </p><p><br /></p><p>I don&#039;t know how long it will take, but I believe BitCoin is ultimately destined for the trash heap. Will it ever be totally worthless? No, some fool will always believe in it and be willing to pay for it, but it will be worthless in comparison to its present traded price. Be wily, and think twice about jumping on the BitCoin Bandwagon being hawked by those who already own it and will sell out before the music stops.</p><p><br /></p><p>And don&#039;t deceive yourself into thinking you&#039;re getting rich off the increase in metals . . . if metals preserve your purchasing power as fiat declines, your standard of living <i>is not</i> increasing.&nbsp; You&#039;re simply treading water while those in fiat are losing ground.[/QUOTE]</p><p><br /></p>

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