Will Cryptos turn USA into third world country?

[TheCoinGrabber]

I would say it'll have its position threatened. After all, it's power rests on the dollar and the military that maintains. There are rumors going around that both Russia and China are working to bring back the gold standard, which would be a slap on America's face.

As for immediately turning into a third world country, I don't think so. Bitcoin for example, as it was envisioned, is to encourage freedom of transaction.

[shaw1]

Of course not, that's a weird statement. One small thing like Crytos will turn the United States into a 3rd world country. The crypto market cap is like 500 million, and it's spread all around the world, and the market cap it's not really based on 500 billion, but what the last person paid for the coin. So if somebody paid $2 for a shit coin that sells for .00001 penny, bringing it's marketcap into the billions, it doesn't mean that billions of dollars has gone into said coin.

Really good way of saying it, in my opinion.

Crypto lacks a *lot* of liquidity right now, and a lot of the lower cap coins can almost completely be discounted. Given a few thousand dollars worth of bitbean, (as an example), you could dump, and make the price tank really hard.

I'm sure it would end up recovering, somewhat. But you aren't going to get anywhere remotely close to the 13 million dollar market cap that is listed on CMC, before the coin is completely worthless, and no one wants it.

US Stocks total market cap ~25 trillion, say.
Crypto total market cap ~290 billion.

So now I guess all crypto has to do is multiply itself by 1000, and then it will match the stocks of the US.
Another 25 trillion in land value of the USA.

Isn't our net worth like 123 trillion?

Yeah. Good luck with that pipe dream about crypto beating the USA up.
For every overzealous patriot flag waving, there's foreign idiots who don't have a clue about anything.

[KingScorpio]

Of course not, that's a weird statement. One small thing like Crytos will turn the United States into a 3rd world country. The crypto market cap is like 500 million, and it's spread all around the world, and the market cap it's not really based on 500 billion, but what the last person paid for the coin. So if somebody paid $2 for a shit coin that sells for .00001 penny, bringing it's marketcap into the billions, it doesn't mean that billions of dollars has gone into said coin.

Really good way of saying it, in my opinion.

Crypto lacks a *lot* of liquidity right now, and a lot of the lower cap coins can almost completely be discounted. Given a few thousand dollars worth of bitbean, (as an example), you could dump, and make the price tank really hard.

I'm sure it would end up recovering, somewhat. But you aren't going to get anywhere remotely close to the 13 million dollar market cap that is listed on CMC, before the coin is completely worthless, and no one wants it.

US Stocks total market cap ~25 trillion, say.
Crypto total market cap ~290 billion.

So now I guess all crypto has to do is multiply itself by 1000, and then it will match the stocks of the US.
Another 25 trillion in land value of the USA.

Isn't our net worth like 123 trillion?

Yeah. Good luck with that pipe dream about crypto beating the USA up.
For every overzealous patriot flag waving, there's foreign idiots who don't have a clue about anything.

us stocks are in a bubble situation though.

[shaw1]

Sure.

I'll let you have that one.

Let's say that they are double what they truly belong at.

That means crypto as a whole only needs to gain 500X its current value to match the US's *True* stock evaluation.
And almost 5000X to attain the same net worth as the united states.

So that would put bitcoin at being worth 3,000,000 USD, right?
If you truly feel that way, check out my signature for a leveraged exchange.

You can open a margin trade on bitcoin. 10X leverage on 2,000 USD right now would net you 100 million dollars if that prediction comes to fruition.
Go for it. I dare you.