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<p>[QUOTE="baseball21, post: 2942718, member: 76863"]I have nothing invested in bitcoin and wouldn't touch it at the old levels. What I've been saying is we really don't know the future of it and that the US wasn't the primary driver of the market Asia was. North Korea aggressively hacking the exchanges has certainly shattered confidence in some areas of the market which were major players which was always something I said would bring them down if they couldn't fend off the hackers. </p><p><br /></p><p>Do I think cryto will have a future place in the world yes I do. Do I think it will ever be a place for people to use as a savings account instead of the USD, no I don't and never did. I can see why it could be more attractive than local currencies or appeal to the tech obsessed but I don't live in South East Asia which was the primary market driver and don't view crypto as anything more than an investment play. </p><p><br /></p><p>It's been gaining and losing thousands at a time all month. I won't be surprised if it comes back nor will I be surprised if a different version becomes the new bitcoin. I've never had a dog in the hunt with it, but if it gets super cheap again of course I'll get some and see if a small investment can turn into life changing money again. I'd like it better as a stock but it's worth the risk at the right price as it sits today.</p><p><br /></p><p>We do know that quite a few people changed their families position in life for several generations by not listening to the traditional economic investment advice. We also know that sentiment in the US about it hasn't really mattered lately and it has been living and dying off of Asia[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2942718, member: 76863"]I have nothing invested in bitcoin and wouldn't touch it at the old levels. What I've been saying is we really don't know the future of it and that the US wasn't the primary driver of the market Asia was. North Korea aggressively hacking the exchanges has certainly shattered confidence in some areas of the market which were major players which was always something I said would bring them down if they couldn't fend off the hackers. Do I think cryto will have a future place in the world yes I do. Do I think it will ever be a place for people to use as a savings account instead of the USD, no I don't and never did. I can see why it could be more attractive than local currencies or appeal to the tech obsessed but I don't live in South East Asia which was the primary market driver and don't view crypto as anything more than an investment play. It's been gaining and losing thousands at a time all month. I won't be surprised if it comes back nor will I be surprised if a different version becomes the new bitcoin. I've never had a dog in the hunt with it, but if it gets super cheap again of course I'll get some and see if a small investment can turn into life changing money again. I'd like it better as a stock but it's worth the risk at the right price as it sits today. We do know that quite a few people changed their families position in life for several generations by not listening to the traditional economic investment advice. We also know that sentiment in the US about it hasn't really mattered lately and it has been living and dying off of Asia[/QUOTE]
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