Why do HODLERS believe so adamantly that Cryptos are the future? It is because the weaknesses of FIAT and the financial systems that revolve around it are evidently standing on the edge of a catastrophic collapse. The entire world continues to create money being out of thin air at an accelerating pace, global debt has never been this high, the American deficit is projected to balloon to $1 trillion in 2019, and the periodical collapse of FIAT currencies is likely to intensify. The world’s ability to cope with an economic crisis has become very fragile, and people’s confidence in financial institutions and governments has degraded since the quasi-total meltdown of 2008. The perfect storm is forming up, and cryptos are the lifeboats. "But the economy is doing so well!" So was the real state market in 2007.Cryptos have democratized the control of supply of money, making them significantly less exposed to the abuse and mismanagement that has caused every centralized FIAT currency to either collapse or lose virtually its entire value. It is quite simple to understand that a currency that increases in value over time is much more attractive to consumers than another that loses over 3 percent of its value every year - that’s the case of the almighty American dollar, the “top of the line” FIAT - its pathetic.The control of supply is a HUGE deal, this cannot be stressed enough. The big deal about cryptos is that they are incontestably immune to inflation while being superior form of transactional money. Cryptos are also a global currency, making them perfect for international and digital commerce. But wait, there’s more! Cryptos can also emulate banking and financial services while also providing a backbone to a form of global, permission-less stock market that is opened 24/7 and it is accessible to anyone with a digital device with internet access. There is much, much more, but at this point it should be pretty dam clear that cryptos will turn the world upside down in a good way. It is the beginning of a new world order where a lot of power will be shifted back to the people, and it is unstoppable. So sit back and relax because it may take 1, 2, 4 or maybe even close to 10 years, but it will happen and it will be a big deal like the world has never seen before. You have invested that money, it is not a crazy gamble like so many people have suggested, so be patient. Regardless, one piece of advice I would give to any hodler is to avoid putting all your eggs in the same basket. Bitcoin is not the only legitimate crypto out there, and there is no guarantee that it will remain as the top crypto indefinitely. Be wise, diversify and hodl strong, and you will reap the benefits.
Submitted October 08, 2018 at 12:18PM
No comments:
Post a Comment