The restaurant industry is experiencing a slow down in traffic and sales even with rising food and drink prices. Trump signs memo looking into the trade agreements with China. From all the indicators that are now out in the public domain the US economy is in a recession even though the Fed has not acknowledged it.
IRS reports quarterly taxes are down 40% as more individuals are not paying up. Does the Fed have 6200 tons of gold, we don't because they will not allow anyone to audit it . Venezuela and many other countries are turning towards cryptocurrencies.
The central banks are pushing to stop people from using cryptocurrencies, what we are witnessing is the transition into a new currency, a new system.
This is exactly what I am always saying here folks, as bitcoin rises up to levels unheard of, WHALES from there will start finding another safe, that is why STEEMIT is a very good platform of choice even this early.
Nice post, may you find time as well reading my science offgrid posts regarding lighting self-sufficiency, the non-solar non-wind way. Regards.
sticking with physical silver ... upvoted
Multi basket is the best. I stack silver, but I'm also into cryptos so I am covered either way. Actually, I'm betting heavily on both silver because of it's critical industrial use and cryptos being massive winners during and after this transitions.
i'll wait for commodity backed cryptos or resource backed cryptos before dipping into cryptos ... good luck to you nonetheless ... good luck to all of us
Agree PM is best insurance.
I think many of the crypto space is hyped at the moment, especially ICO's. What is a cryptocurrency, but a store of value. Speculation around Bitcoin has inflated the price. Segwit will sort out the transaction speed issue, but there are alt coins that do a better job at the moment and will upgrade based on usability rather than mining profit. Bitcoin has become quite centralised. The energy used to produce the crypto in mining is such an environmental waste, there must be a greener alternative? Blockchain is starting to open up possibilities of decentralised Internet, hosting, exchanges and many more. Decentralised currency is just the start. Will Bitcoin be the one?