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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 370.13+2.0%Oct 30 4:00 PM EDT

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To: elmatador who wrote (136900)11/28/2017 10:25:27 AM
From: Horgad  Read Replies (1) of 217469
 
As long as it continues to work as a means of exchange for black market type transactions, it isn't going anywhere. Yes, anybody can start another one, but I think in this case the first will always be valued the highest...its all about momentum and liquidity.

If/when some governments start to feel it is competing against their own fiat currencies, it may be in trouble, but even then the governments have to figure out how to control it. Not an easy task I think.

Myself I wouldn't touch it, but I have been wrong before on major trends. My guess would be that governments eventually create traceable, taxable, infinitely expandable, cashless e-currency versions of their own currencies and then wage war in a major way on any currencies outside of their control.

And then yes Bitcoin collapses...
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