Hows that work in reverse for home loans??
what if i took out my home loan in bit coins a couple of years ago??
How much debt would i be in?
PS bit coin is more unstable than any real money, i have no doubt crypto currancys will take over eventually but it wont be bitcoin thats for sure, the way its set up up with with no regulations and it now has futures and can and manipulated by the big boys if just a paradise for wolves to pray on sheep.
in just two months the highest volume day in the history of bit coin the price was 15k US dec 22/17.
Riding on hype no doubt a lot of buys were amateurs, uni students and mums and dads wanting in on some of the hype on a supposed dip, almost 5.5 billion us was put in, 30% of their money has "eroded" away in one month.
the 2nd highest volume day on record was the 7th of dec and the price was even higher... so much for safe money...
At this stage crypto currencies are just a from of gambling on steroids, yes it has made a lot of millionaires but all this crap of no manipulation and fixing the worlds financial system and decentralisation is pure crap, you know just as well as I do that you are invested in cryptos to make money thats it! The crypto bubble will lose transfer a lot of ordinary peoples money to sharks, it has no substance and at it's current state is not very beneficial as people claim, new regulated cryptos in future will be benifical but for now is just a casino and all investers know that deep down... decentralization my but...
if you want to do some good in the world go do some volunteer work to help those in need...
