Wolf Money(Cryptocurrency)

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Disclaimer first, I usually don’t comment on things that I had so little knowledge about but cryptocurrency trading is raging which warrant a word of caution. Below are some points one need to think through if one is buying cryptocurrency for investment, not speculating. I am not a big fan of all form of speculative trading. More than 90 percent of the people who trade actively lose money over a run of 5 years and beyond. That subject will be for another day. 

Back to Cryptocurrency investing, one need to consider the recent developments in the cryptocurrency market.

1.) China banned all form of crypto related business including crypto mining. Financial institutions are not allow to conduct any form of business relating to cryptocurrency.

2.) US will be coming out with regulations for transfer that involved more than 10k worth in crypto to stamp out illegal activities like money laundering and tax evasion. New cryptocurrency traders might be subjected to identification registration.

The above headlines from the two biggest economies had probably stop any potential mass adoption of any cryptocurrency in its current form.

US and China might be worry about their own rights to the money printing press. Under current fiat monetary system. The USD is the de facto reserve currency of the world. I can be very confident that US hope to keep the printing press to themselves for a long time. The USD no matter how bad it looks with all the money printing is still back by the full faith of the US government, the military might of the US arm forces and US influence on the world. Non of those is backing up cryptocurrency. I can’t even spend a Bitcoin at my nearest supermarket. The value of cryptocurrency is what the other person is willing to pay for.



The rise in crypto currency is similar to the Netflix drama “Money Heist” where a group of thieves locked themselves up inside the Bank of Spain central bank and start printing their own euro. No good government will let anyone take away their printing press without using some sort of counter measures including throwing in tons of regulations or in China case outright ban.  

All is not lost for cryptocurrency there are probably some form of cryptocurrency that will be issue by central bank government. I particularly like the blockchain technology behind some of the cryptocurrency which have wide application in the future. For example in area like digital art adoption of NFT(non fungible token) . I will stir clear from the cowboy world of cryptocurrency trading at least for now. They are too volatile to achieve mass adoption. Can one imaging the price of banana in crypto moving 20-40 percent through out the day?  There might be another IT expert sitting in his living room creating another cryptocurrency as I sing 🎤 Una Mattina Mi Sono Alzato O Bella Ciao Bella Ciao Bella Ciao Ciao Ciao.......


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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for information only. Buyer beware,do you own due diligence.

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