"I for one am happy China is seeing these initial coin offerings for the scams that are."
Actually I feel the same and according to my viewpoint it will make more demand on BTC, LTC, XRP, STEEM, BCN and few other coins as well! I don't think GOLD and SILVER will doubles in that period of time, But GOLD will steadily shows an uptrend but crypto market under regulations from SEC and PBOC will bring more investors in and the demand for the regulated currencies will go high in the air!
Anyway I respect your concept, after all those f*cking cryptos we should keep metal as our base investment! It's what all governments do, it's what our forefathers did and it's what we should do as well!@broncnutz,
Great post and thanks for sharing this valuable tip (buy metal, keep metal) with steemians!
Cheers~
Good reply right here! Thanks for your insight, I actually do value what others think, I'm just tying to make the right decision.
You should replace BCN with XMR (in your portfolio too, if you have any). Please don't lump that scamcoin in with legitimate coins. It was instamined. Additionally, someone in the Monero community discovered a bug found in the implementation of RingCT which when exploited would allow an attacker to create arbitrary amounts of coins. This bug was was patfched, but not without being exploited first. There is no evidence that it was exploited in any other cryptonote currencies prior to being patched.