Kirkland Lake Gold Ltd. T.KL

Cryptocurrencies

[Welchspring]

Personally I don't believe in cryptocurrencies in that it has no official value. If governments allow legal market usage of crptocurrencies this will only happen with controlled meassures. Market controls on the usage of cryptocurrencies will depreciate the true value. 

I read an article this morning published by JP Morgan on Biticon. There is a lot of discussion on the value of Biticon. It is all over the map - hard to place a value but what was interesting in the article was it is not a safe haven asset until there is a defined usability. IMO in order to gain usability the governments will want to know who owns the cryptocurrency before it is usable in a market society. Currently the gem that places personal value with cryptocurrencies is based on the block chain application. You can not identify who owns the cryptocurrency.  What does that tell you being government? I'm sure alarm bells are going off amongst all government levels. This will not go on much longer before governments place restrictions and controls on cryptocurrencies.

In terms of bond yields if the interest percentage continues to increase it will hurt the US GDP in a big way. If interest rates continue to increase the Fed Reserve will need to intervene otherwise the US debt will balloon so much that it impacts the GDP.

[oldfx1]

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[Lemboy]

This is what Nouriel Roubini thinks of bit coin https://www.bloomberg.com/news/videos/2021-02-17/flintstones-had-better-monetary-system-than-bitcoin-roubini-video I find it interesting that nobody knows who created bit coin this mysterious creator reminds me of mysterious Q of the QANON fame.  Is it possible that both were created by cyber experts in Kremlin or China to exchange your fiat

[Welchspring]

I completely agree. I sit on the sidelines when it comes to cryptocurrencies. The original creators of biticon has always been a mystery and the binary exchange structure is very scarey. As I've said many a times this is the largest pozi scam the world has faced. What surprises me is that governments so far have not put monetary controls in place. Think of all the taxes dollars that could be

[Antonyius]

because it's very useful for under the table dealings, which politicians have been known to take part of

[oldfx1]

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[Welchspring]

Government digal currency is not new. Apparently it was done in Europe in some countries prior, during and after the war. It's government control on every thing. It removes peoples choice on control of thier own income. Not something we will enjoy. Do we ready want to live in non cash society?

[Welchspring]

I know this is a gold board and I apologize for talking about cryptocurrency but I think is high time everyone got on every gold board to support gold. It is a proven commodity again inflation. Inflation is here. There is no proven track record of cryptocurrencies dealing with inflation.

[oldfx1]

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[oldfx1]

This post has been removed in accordance with Community Policy

[Welchspring]

Of course I have an agenda. My agenda is that Biticon is in bubble. The bubble will burst soon and my message is don't get caught up in all the euphoria as you'll get burnt.

[oldfx1]

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[Dibah420]

**************************************************************************************************************** If there's ONE thing I want the government to control it's what's called legal tender in your jurisdiction.  Allowing all these mysterious, opaque COINS to operate is sheer folly.

[peep2]

>>>>>>>>>>>>>>>>>>>>>>>>>> Finally you said something that makes sense because you used words and not TA charts, math, 1s and 0s, language which are useless on you translate it into words like now. The rest is just short hand jargon for the initiates, leaving so much out in meaning content it is useless for the masses.

[Lemboy]

Governments will replace cash with digital currencies in the future to kill black/grey economy and they will not tolerate Q currency bitty coin or any other cryptos that they do not control.  For now, they let the bitty coin run up to siphon off the excess cash printed by central banks and not to inflate consumer price index.  So keep buying the bityt coin(tulips) and keep inflating this