Where do you see cryptos?

AnneFunk said:

Hello,

I don't know much about cryptos. But I was there a few years ago when the bitcoin was so cheap that my class mates bought 20 of them and sold them few month later to make a 400€ profit.

Today many friends of me trade with bitcoin and other cryptos to make money. As a guy who is doing some forex trading and having advanced economics in high school I have to say I would not invest into cryptos now. I should have a few years ago. But I see now how extremely it is fluctuating. And for me its just more safe to trade with USD/EURO or others.

Also I think the value of cryptos will crash in 2018. I live in germany and there are already some talks that the ECB and German Gov. want to implement restricitons for cryptos.

e.g. they want to put VAT (taxes) on the bitcoin, which means you need to indetificated when buying or selling with bitcoin. With this the bitcoin looses its purpose of anonym trade.

They will try to regulate the cryptos and a point.

The only way it is regulated atm is the FOMO (fear of missing out) Private investors buy bitcoin because they also want to profit from the trend. This leads to an increase of its value.



What do you think about this? And what do you think about cryptos and its future?

And I would be interested in the purpose of the different currencies. I know bitcoin is that anonymous trading. But where is the difference to the other currencies like ripple etc? Do they have a other function?


Thanks alot and I'm interested in your opinion
AF

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blogzandstuff said:

Surely you should post this in the right section

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