There is a huge chance that if governments and bankers will continue to lose revenue and taxes as the technology advances , there will take swift action . Markets will be extremely volatile .
Cryptos still have a mysterious X factor about them : don't invest in something that you don't know about is an old adage but a good one . I'm not saying that cryptos are bad , but it would be safe to say that billions of people still have little or no knowledge about them .
Invest or trade what you can afford to lose without losing sleep .
If you have cash and wealth to invest big in cryptos , chances are you will come out on top if some protective options are put in place.
Everyone is coming out with a new cryptocurrency almost everyday , all coins are not created equally . Flooding the market with too many cryptos might have a few disadvantages as if a large majority of them are considered worthless and people lose money , Jamie dimon will again say it's a fraud . Get the drift ?
Global acceptance is still slow and distrust still high about the whole concept .
We are challenging the very existence of something that has existed for a very long time , bankers have enormous power and they can flex their muscles at will .
Russia , China , Japan are key markets , once legitimised , USA will be concernced , and this could create other issues .
The agencies will want in , think CIA , NSA , Mossad . Blockchain offers brilliant technology . I think they are already in to a degree .
Thoughts ?
Why you should be cautiously optimistic about cryptocurrencies . | Ecency
