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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (139535)	3/1/2018 8:24:02 AM
From: dvdw©	Respond to of 218193

You said "unsure that crypto actually qualifies as an asset class," That is the proper question. All Cryptos are abstractions only. Most demand for these abstractions is derived from the need to convert, monetized illegal activities, entirely 3D in nature. By way of example coke profits up….but can't convert those same profits into useful diversification, until they are abstractly converted, said entities need laundering, sources and methods. Cryptos will be found to have a shelf life similar to a well know Kafka novel.

To: TobagoJack who wrote (139535)	3/1/2018 2:13:40 PM
From: bull_dozer	Read Replies (1) \| Respond to of 218193

Sheila Bair on Bitcoin: "We Shouldn't Ban It: The Green Bills In Your Pocket Don't Have Intrinsic Value, Either" Don't put any money into bitcoin that you can't afford to lose. But I don't think we should ban it -- the green bills in your pocket don't have an intrinsic value, either. The value is based on what others think is its value. That's true of any currency. Regulation should be focused on good disclosure, education, warding off fraud, and making sure it is not used for illicit activities. Let the market figure out what it's worth. That is what it is doing now. zerohedge.com