Greetings fellow Steemers,
Crypto is great. A month ago I didn't know anything about the subject and suddenly I'm making some money on something that I haven't even began to scratch the surface of. How is that?
I have spoken to many people about it, and they like the idea, but always scared to lose it all. It's what everybody says, only bet what you can lose. Which I did.
But now there are some questions, mostly coming from people who know the financial market. Because it is absolutely uncommon to make so much, without someone losing that same amount, is it? Just doubling your money should never be so easy.
Is the dollar losing it's value because the crypto market is up, or is the crypto market up because the dollar is losing it's value? That's basically number 1.
Number 2 : I hear loads of people talking about government and regulation. Some arguments are that government can't regulate crypto's, but why can't they? Is it because it exists outside of the regular borders, therefore it isn't really possible to regulate it? I have no idea.
- Isn't it possible that some of the creators of any coin can just basically manipulate their own currency quite easily? That means, what the government is doing to silver, any small group of people that created something like dogecoin, can put the price up, make people buy it and then sell all their load? Isn't a little regulation better so that any Tom, Dick & Harry can create a coin and half a year later run off with a big load of cash?
These are just some questions I like to share with you and hopefully get some answers here from this warm, cool community. If I would have some more time, I would be on here 4 hours a day to like your pages. Just finishing of things here and in a month I'll be a regular blogger.
Thanks for your answers
Ruud!