BITCOIN CRASH: I was just telling someone yesterday, that if I had anything that gained 5 times it’s value I would sell half of it, and see what happens with the rest.
Start with 5, you have 25, sell half you 7.5 more than had when you started and 12.5 in your pocket.
But then again only bubbles and ponzi schemes quintuple your investment, before a crash.
I still don’t know anything about economics other than history and common sense.
But did the smart ones just sell high?
There could be some real insider trading going on, where this currency will be jerked up and down until all confidence is gone in this monetary instrument. But billions will made for some and lost for many more.
There are of international criminals, terrorists, money launderers, and rogues that are being negatively impacted by this speculative manipulation of bit coin. Few are on the ins, most of us on the out. That’s a Cartel.
What happens when BitCoin is no longer reliable and safe enough for criminal enterprise?
Somewhere an arms dealer can’t afford to buy himself a jet ski and a sex party this Christmas because BitCoin is unstable and he is not an insider.
– Musician and writer Davin Michael Stedman has many musical ventures and is one of the driving forces behind the Staxx Brothers. He will be partying in Kingston, Jamaica soon.
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