Cyprus-Forum.com

[miltiades]

The countries , as stated by GR, are NOT big global.players.
It will take a developed country to do so in order to severely affect the Crypto markets. I believe that the Crypto markets are the future and that they will increase substantially

[Get Real!]

Well Turkey has also in the past put bans on facebook, twitter , pinterest and others but strangely they all seem to be thriving none the less ?

I suspect they were temporarily banned in the fear that they were being used to initiate insurrection, but once the dust had settled they were permitted again.

In the case of crypto currencies the dangers are quite real for a volatile country like Turkey; imagine a number of super-wealthy individuals collaborating to shift massive amounts of funds out of Turkey via crypto… that could have serious effects on the Lira.

Basically, anything perceived as a threat will be banned by a government either temporarily or permanently… so if you can imagine crypto like Bitcoin becoming hugely popular… the danger of losing control of one’s currency becomes very real, for *all* nations eventually.

Some nations will take longer to raise an eyebrow than others simply because they are a bigger and more secure economy… but eventually they will all ban it as and when it becomes a threat.

Shunned countries like Iran, Russia, N.Korea, Venezuela, and others will no doubt welcome crypto as an alternative to US-controlled SWIFT transactions, but those who kiss American arse and have no SWIFT restrictions, will no doubt sleep with one eye open over crypto.

[Paphitis]

The countries , as stated by GR, are NOT big global.players.
It will take a developed country to do so in order to severely affect the Crypto markets. I believe that the Crypto markets are the future and that they will increase substantially

Erm Saudi Arabia not a global power?

Friggin hell man, they have everyone by the balls.

And they can decide to chop them at any given moment.

That country on its own can cause a lot of mayhem over night and destroy all of Europe’s car manufacturing in months.

There are a few more notables in there. Not least of which is Turkey. But also Qatar, Indonesia and Egypt.

[Get Real!]

I believe that the Crypto markets are the future and that they will increase substantially

The future of something that is out of the control of the government is... ZERO!

I can’t think of anything from the past that acted outside of government control and managed to survive.

If and when crypto becomes significant enough it’ll either be taken over by the government or squashed altogether.

For now it’s a "wait and see" for most countries...

[Paphitis]

I believe that the Crypto markets are the future and that they will increase substantially

The future of something that is out of the control of the government is... ZERO!

I can’t think of anything from the past that acted outside of government control and managed to survive.

If and when crypto becomes significant enough it’ll either be taken over by the government or squashed altogether.

For now it’s a "wait and see" for most countries...

I totally agree. It will eventually be reigned in with tax laws and regulation.

No way in the world
will it replace fiat on the oil and financial markets.

I wouldn’t touch it unless you touch it with money you are prepared to lose. I predict a great collapse one day but it’s anyone’s guess when. Naybe tomorrow, maybe in 2 years time. No one will know till it happens.

But that won’t kill it off. Governments however can do that in one foul swoop if they wanted to. And that’s what will happen when people start thinking it’s a complete replacement to the financial industry and Banks.

At the moment, cryptos don’t have the credibility yet to be too much of a worry but if that changes I suspect their grass will be mowed down pretty dam quick.

I however do wish I gave it more of my time when they were launching some years ago and bought $5000 worth of Bitcoin though. But that train has left the station. The next thing that will happen is the train wreck. The key in all this was to get on the train from the beginning and get off the train before the derailment which hasn’t occurred yet.

I suspect that when the balloon does burst, it won’t recover to present levels. Not like shares and managed funds where you can lose 25 or 30% overnight but your loss only materialises when you sell. If you ride it, they rebound and recover over time. And gain new records.

I’ve never seen a managed fund in my lifetime not be incrementally much higher over a 5 year period. And records have shown that to be the case since records were recorded.

[miltiades]

I believe that the Crypto markets are the future and that they will increase substantially

The future of something that is out of the control of the government is... ZERO!

I can’t think of anything from the past that acted outside of government control and managed to survive.

If and when crypto becomes significant enough it’ll either be taken over by the government or squashed altogether.

For now it’s a "wait and see" for most countries...

I totally agree. It will eventually be reigned in with tax laws and regulation.

No way in the world
will it replace fiat on the oil and financial markets.

I wouldn’t touch it unless you touch it with money you are prepared to lose. I predict a great collapse one day but it’s anyone’s guess when. Naybe tomorrow, maybe in 2 years time. No one will know till it happens.

But that won’t kill it off. Governments however can do that in one foul swoop if they wanted to. And that’s what will happen when people start thinking it’s a complete replacement to the financial industry and Banks.

At the moment, cryptos don’t have the credibility yet to be too much of a worry but if that changes I suspect their grass will be mowed down pretty dam quick.

I however do wish I gave it more of my time when they were launching some years ago and bought $5000 worth of Bitcoin though. But that train has left the station. The next thing that will happen is the train wreck. The key in all this was to get on the train from the beginning and get off the train before the derailment which hasn’t occurred yet.

I suspect that when the balloon does burst, it won’t recover to present levels. Not like shares and managed funds where you can lose 25 or 30% overnight but your loss only materialises when you sell. If you ride it, they rebound and recover over time. And gain new records.

Apart from oil what else does S Arabia have?
For me it is a third world country.

[Paphitis]

I believe that the Crypto markets are the future and that they will increase substantially

The future of something that is out of the control of the government is... ZERO!

I can’t think of anything from the past that acted outside of government control and managed to survive.

If and when crypto becomes significant enough it’ll either be taken over by the government or squashed altogether.

For now it’s a "wait and see" for most countries...

I totally agree. It will eventually be reigned in with tax laws and regulation.

No way in the world
will it replace fiat on the oil and financial markets.

I wouldn’t touch it unless you touch it with money you are prepared to lose. I predict a great collapse one day but it’s anyone’s guess when. Naybe tomorrow, maybe in 2 years time. No one will know till it happens.

But that won’t kill it off. Governments however can do that in one foul swoop if they wanted to. And that’s what will happen when people start thinking it’s a complete replacement to the financial industry and Banks.

At the moment, cryptos don’t have the credibility yet to be too much of a worry but if that changes I suspect their grass will be mowed down pretty dam quick.

I however do wish I gave it more of my time when they were launching some years ago and bought $5000 worth of Bitcoin though. But that train has left the station. The next thing that will happen is the train wreck. The key in all this was to get on the train from the beginning and get off the train before the derailment which hasn’t occurred yet.

I suspect that when the balloon does burst, it won’t recover to present levels. Not like shares and managed funds where you can lose 25 or 30% overnight but your loss only materialises when you sell. If you ride it, they rebound and recover over time. And gain new records.

Apart from oil what else does S Arabia have?
For me it is a third world country.

Oil is all they need to have a stranglehold over just about everything.

That places them in the drivers seat I’m afraid.

They control the price, and hence the global economy at large.

Secondly, they are the biggest investor in US Financial markets because they have just too much money.

[Paphitis]

I believe that the Crypto markets are the future and that they will increase substantially

The future of something that is out of the control of the government is... ZERO!

I can’t think of anything from the past that acted outside of government control and managed to survive.

If and when crypto becomes significant enough it’ll either be taken over by the government or squashed altogether.

For now it’s a "wait and see" for most countries...

I totally agree. It will eventually be reigned in with tax laws and regulation.

No way in the world
will it replace fiat on the oil and financial markets.

I wouldn’t touch it unless you touch it with money you are prepared to lose. I predict a great collapse one day but it’s anyone’s guess when. Naybe tomorrow, maybe in 2 years time. No one will know till it happens.

But that won’t kill it off. Governments however can do that in one foul swoop if they wanted to. And that’s what will happen when people start thinking it’s a complete replacement to the financial industry and Banks.

At the moment, cryptos don’t have the credibility yet to be too much of a worry but if that changes I suspect their grass will be mowed down pretty dam quick.

I however do wish I gave it more of my time when they were launching some years ago and bought $5000 worth of Bitcoin though. But that train has left the station. The next thing that will happen is the train wreck. The key in all this was to get on the train from the beginning and get off the train before the derailment which hasn’t occurred yet.

I suspect that when the balloon does burst, it won’t recover to present levels. Not like shares and managed funds where you can lose 25 or 30% overnight but your loss only materialises when you sell. If you ride it, they rebound and recover over time. And gain new records.

Apart from oil what else does S Arabia have?
For me it is a third world country.

You see that’s where you fail miserably.

It’s one thing building fancy cars like Mercedes. Quite a different thing if you control global energy resources, materials such as oil, gas, steel and iron ore output.

It’s those countries that have the power. Abd those who build the cars reliant upon them. So if you are the first world, countries like Saudi Arabia can make the first world dance like a garagiozi.

Because let me make it very clear. Without the countries supplying the materials to build a car in the first place, then there is no Mercedes. Or there will be a Mercedes for quadruple the price at which point they will be insolvent.

And no, they are not a third world country either.

[miltiades]

They sure made you dance like a ...clown !!
Did you not , some time back, say that their " culture" is far ...superior to the West? I inde4stand that ....stoning is still rampant there. Also
..limb surgery !! Some fucking culture.

[Paphitis]

They sure made you dance like a ...clown !!
Did you not , some time back, say that their " culture" is far ...superior to the West? I inde4stand that ....stoning is still rampant there. Also
..limb surgery !! Some fucking culture.

Yes I do like and respect the Arabic culture in many ways.

Yes I do believe that certain elements of their culture is superior. They are family orientated. Respectful. Polite.

And they have great music and great food.

I have a greater appreciation of the UAE than Saudi Arabia. Same people. And same culture. Abd UAE is an amazing country and the Arabs an amazing people. Got a lot of time for them.

I always make a point of visiting UAE as a rule. Every year before Covid.