[2016-12-25]Die Welt: Bitcoin is a global barometer for global distrust in the..

[Alex077]

Bitcoin is a global barometer

Holger Zschaepitz, senior editor at the Financial Department of leading German newspaper Die Welt, observing the recent rally of Bitcoin, said Bitcoin would become the new safe haven for investment.
In his article devoted to the difficult challenges that nowadays many national currencies face, Zschaepitz notes, despite the fact that Bitcoin is still considered as a risky investment, the uncertainty of fiat currencies attracts investors to it...https://bit.news/eng/die-welt-bitcoin-global-barometer-global-distrust-existing-monetary-systems/

                     

[aigeezer]

Die Welt is certainly a mainstream source, so it's interesting to see "BTC safe haven" talk from them. Any potential "safe haven" has to be structurally safe from predation because predators will always try to have their way. Crypto is a giant step toward structural safety, but this is far from over. Who would have thought "they" would make owning gold illegal?... but they did (1933). Who would have thought that they would make unbacked paper mandatory?... but they did (1971). Who would have thought that they would then ban the use of their own paper?... but they are doing it (2016).

Depending on when you were born you might see any of those steps either as outrageous or as the normal state of affairs. Pay attention to the world around you - somebody else always does and may or may not have your best interests at heart.

The headline above is true imho (BTC as barometer for global distrust). What comes next will be interesting. XKCD's famous $5 wrench comes to mind: https://xkcd.com/538/

[notthematrix]

Die Welt is certainly a mainstream source, so it's interesting to see "BTC safe haven" talk from them. Any potential "safe haven" has to be structurally safe from predation because predators will always try to have their way. Crypto is a giant step toward structural safety, but this is far from over. Who would have thought "they" would make owning gold illegal?... but they did (1933). Who would have thought that they would make unbacked paper mandatory?... but they did (1971). Who would have thought that they would then ban the use of their own paper?... but they are doing it (2016).

Depending on when you were born you might see any of those steps either as outrageous or as the normal state of affairs. Pay attention to the world around you - somebody else always does and may or may not have your best interests at heart.

The headline above is true imho (BTC as barometer for global distrust). What comes next will be interesting. XKCD's famous $5 wrench comes to mind: https://xkcd.com/538/

Them is not a problem , its power is VERY LIMITED in a decentralized world.
Its more an emotional issue , of people realizing they have the power to make changes THUS the responsibility!
So its easyer the baleme "THEM" if YOU fail.
Bitcoin will do its thing check the latest video about currency wars https://www.youtube.com/watch?v=6ZCVQHtD2l4
And yes those who took the most risk got the most gain , as it was with the first stock in 1602 in Amsterdam    https://en.wikipedia.org/wiki/Amsterdam_Stock_Exchange
everybody tought they were mad and it could not work blah blah blah , its exactly the same people talked about btc..... let them talk they will never gain from ANYTHING if it succeeds they never took the risk....
Its all about daring to step out of line.

 

[Papa Bear]

Bitcoin surpassed all major currencies of the world on its parameters is that Bitcoin is not regulated by governments and is less affected by changes in monetary policies.