Modern Alchemy .:. How to Turn Paper Into Crypto

in The CTP Swarm2 months ago (edited)

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I can't believe that I have created yesterday a post about bank savings how they are bad, and today I will deny that statement myself! It's just incredible how things can change fast... So, maybe banks aren't that bad, in the end? Or something else is rolling behind the hill?

Actually, this is more about some other financial institution and not just banks... If we think about savings from a "noob perspective", why would someone pay interest rates for your money? I think that we have to split these institutions into 2 categories... The first one would be the one that has easy reach to "freshly printed money", and they have ZERO interest in your money... They don't need it as they can create new whenever they want...

The other category is more interesting, and they have no access to printed money, so they NEED your money... They need it if they have the market to invest in and profit... If there is no market, there is no demand, and there are no interest rates...

So, with this crazy Bitcoin hype, we saw some big names entering the crypto markets buying BTC and ETH... A lot of rich people have invested a percentage of their personal wealth into crypto... But, what is even better than investing your money in crypto? Investing OTHER'S money and making the most of the profits for themselves... Well, that is happening currently and will be happening even more in the future...

Check out the video for more details...

Thank you for your valuable time,

~ph~


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Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0


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People are rich for a reason.. turning banknotes to Bitcoin. I like the analogy.
I was not expecting such a strong growth but now look like all the Billionaries are jumping into it , it is now looking unstoppable.

We had strong growth in the last cycle, and atm we didn't reach half of the growth from before... but... It looks very different now with all these rich guys jumping in...

Also, you are right, it looks unstoppable, but it isn't... We will see the correction, the only question is WHEN...

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Actually for them is just about the right time or even early. Not so many got in yet and they already suck out much of the bitcoin liquidity at these prices.

The $1 trillion market cap might be a signal for others to join the party.

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Not so many got in yet and they already suck out much of the bitcoin liquidity at these prices.

You are right! Bitcoin didn't have enough liquidity for their appetite... So, this is kind of the right time for them...

Yeah... might be a signal... lol... :) Signaling for the last 4 years... hahahah

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I think that we see another phenom here and it's the beginning of the loss of trust in fiat money. Why do more and more influencial people and companies invest in BTC? Maybe also because they start not to trust the dollar or the euro anymore in the light of all the printing that is taking place...

I don't like your comment... lol... You have pointed out something very obvious, but very dangerous and frightening... If fewer people trust FIAT, that means that it will crash... It's not that I like FIAT money, but crash means a lot of problems...

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but crash means a lot of problems...

Man I totally agree with you. This is definitely not something I would like to live through. I have enough with this blody virus lol


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