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RE: The Catalyst's Trigger?

in LeoFinance2 years ago

I am cautiously optimistic about crypto prices. I think the selloff pressure looks to be abating, and the problems arising in the government fiat realm are becoming more apparent to more people. Unfortunately, price rises mean more scammers, spammers, and shallow hype-chasers.

I think some candidates are probably less bad than others, but they're all basically running for illegitimate offices where they will be paid with stolen money to act under usurped authority. The incentives are perverse regardless of their intentions.

Economically, we're in for a rough time. Regardless of how well central banks respond, they set the stage for increasing prices and a credit crunch through prior money supply inflation and artificially low interest rates to spur borrowing. The illusion of prosperity must shatter at some point, and the longer we wait, the worse it will be. And that would be the case even without COVID disruptions and massive "stimulus" programs adding even more chaos to the mix.

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Unfortunately, price rises mean more scammers, spammers, and shallow hype-chasers.

For sure. But, this also drives innovation and consolidation into stronger hands.

The illusion of prosperity must shatter at some point, and the longer we wait, the worse it will be.

Lol, yes, I was just writing a little about this too. People might "feel rich" still to some degree - but reality is going to set in.