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To: Dutchboy88

how would you feel if the value of your house would drop by 50% on the whim of someone 1500 miles away? that’s what happened in 2009 when 0bama took office and doubled the M1 money supply, diluting the dollar.

this cannot happen with crypto currencies.

the value will still fluctuate due to market demand... but at least it’s not on a whim.


15 posted on 01/20/2014 11:38:52 AM PST by sten (fighting tyranny never goes out of style)
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To: sten

Oh, my FRiend, if you believe that the change in housing prices was because of something O said or did, you are going to be sadly shaken when another “crypto currency” adjustment happens. Who will you blame then? The bitcoin has already gone from, what $ 9 to $ 1250 and back to $ 900? You go ahead and ride the fantasy train...we’ll watch.


17 posted on 01/20/2014 12:11:29 PM PST by Dutchboy88
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