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@xgremlin a lot of people lost more than they gained financially and the metal stress of it all, i dare say alot of people will be happy to get some funds back and get out of the crypto game all together. The ones who stays will be the savy investors/ traders.
Dave Smith describes how Fractional Reserve Banking truly works:
“When you actually look at the effect of it, there’s not nearly as much money in the bank as we all think we have…the whole thing is kind of a house of cards.”
#Bitcoin
This is brilliant and shows exactly how fucked young people are. My personal opinion since presenting The Retirement Crisis in 2016, is that crypto is the way to unfuck your future, and debasement of currency is the root cause. @profgalloway and I may differ but he is dead right
Capital Gains Tax is tax on inflation, which means you’re giving money to the government because THEY printed money. If people understood this Central Bankers would run to their bunkers.