What stocks are you buying now? Part 28

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ZDH

Registered User
Mar 6, 2008
8,880
3,984
It is kind of crazy how people do not realize that some form of crypto will be the future, hell even now I NEVER have cash on me, My paycheck gets direct deposited in my account, I then use bill pay and my debit card to handle everything else. Eventually paper money will be gone and most likely we will have some form of government crypto I would guess or governments will partner with existing crypto.... I mean decades away but maybe in my lifetime

And many just see crypto -> money

They don't understand that money is only one aspect on a large list of capabilities that a well designed blockchain delivers.
 
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PAZ

.
Jul 14, 2011
17,360
9,708
BC
It is kind of crazy how people do not realize that some form of crypto will be the future, hell even now I NEVER have cash on me, My paycheck gets direct deposited in my account, I then use bill pay and my debit card to handle everything else. Eventually paper money will be gone and most likely we will have some form of government crypto I would guess or governments will partner with existing crypto.... I mean decades away but maybe in my lifetime

I don't see paper money ever going away. In developing countries, cash is king. If I go travelling to Thailand, rural communities aren't going to be taking crypto even if it's 50 years from now. It'll be a lot less prevalent though, and I can see some businesses in developed countries eventually refusing paper money.
 
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Cody Webster

Registered User
Jul 18, 2014
24,982
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The Chinese food place I order from :laugh:

upload_2021-2-19_15-30-39.png
 

YLC

Registered User
May 6, 2010
792
259
This Bitcoin run starting from early February is insane. How can it keep going up by several thousand per day? I hope there'll be a small pullback soon.
 

BreadManPanarin

Registered User
Mar 15, 2017
4,599
4,237
This Bitcoin run starting from early February is insane. How can it keep going up by several thousand per day? I hope there'll be a small pullback soon.

I'm not sure if this is the "singularity", "event horizon", "paradigm shift", etc. or not. It may well drop 30-50% at any time and continue to do what it does. Run up, then crash, run up, then crash, etc.

However, in my opinion at some point we will reach (if we haven't reached it already) the point where it shifts from a predictable pattern of bull and bear markets to an "S curve adoption" where enough people realize it is the future and there is a stampede to get in which results in Bitcoin escaping the gravity well and embarking on a sustained parabolic long term run with no major pullback until everyone who wants to get in has gotten in.

Few understand. But that won't always be the case.
 
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