As I mentioned in my previous post to make one very important post and here I am with this post
This post is probably one of the most important post in which I will repeat some of the old things which I mentioned and clarify again some fundamental hard facts which everyone has to be face in coming future within a couple of years may be within 5 to 6 years and so this post is oriented towards getting prepared for it and it is not about making profit from crypto.
Again, these facts are so contradictory so that it is very easy to dismiss by a sceptics and hence, I am repeating again. Many can say these are bold claims, but yes I am sure and I know what I am talking about.
Though this is a cryptocurrency trading thread, but when I say crypto trading I mean 'HOLDING Cryptocurrency' for long term safety of your financial future after economic collapse of every country. I am NOT referring to day trading here to make quick money. So I will put a comparison of crypto, forex and general financial future of everyone in this post. So please read the post carefully and educate your loved once whom you care for to get prepared for future.
Few Future Warnings:
1.If you still don't own any cryptocurrency at all of any type and only relying on your daily job or saving or may be your hard assets like property etc, then your financial future may be completely at risk within a couple of years and it's a fact. Because your lifetime savings of last 10 years or 20 years or 30 years may mean nothing at that time and may evaporate as dust irrespective of whichever country you belong to once the financial collapse of all countries will start one by one. The entire financial structure and concept of money is about to change so fast that by the time everyone tries to jump into it, it may be too late for you to jump in.
2. There will be no such thing as forex trading within a matter of 6 to 8 years from now, because there will be no banks there to provide liquidity to forex brokers. So if you are already making money in forex, then make it as quickly as possible and think of some other profession if you are a manual forex trader now.If you trying to succeed in forex, then you are definitely wasting your time and money in forex.
3.If at all there will be any forex trading here and there with few brokers, still it is 99% sure that you will fail in manually trading forex, because artificial intelligence and machine learning will 100% takeover the forex market which means 0% chance for human professional traders to trade and make money from forex market. If you own a hedge fund with super computers running machine learning algorithms, then still I doubt if you can cover up the maintenance cost with the profits you make.
4.If you don't have crypto as well as any hard assets like gold or property of your own after 6 years, then probably survival may be difficult for you and you might have to start a living the same way you have started when you worked for your first job. But then, no jobs will be left since artificial intelligence will anyway take away 70% of jobs within 6 to 8 years of time.
5.Finally, there will be no such entities like banks after 6 to 8 years and if at all there will be few banks in few countries for some reason, then you must not put your money there, because just one guy can hack a bank server using his computer and that powerful the computers will be and the bank may not have any clue of it.
6. If still you decide to keep money in banks and trade forex, then you will get negative interest rate in banks which means you have to pay interest to the banks to keep your money safe which is not safe obviously. It means instead of getting interest, you have to pay interest to banks and hence, your choice to keep money in bank or not. Also, in trading you have to pay the forex broker fees to just keep your mt4 or mt5 account active which has started happening very few brokers now.
There are many scary things coming in couple of years, but I would like to focus only on finance for now in this thread....
Good news for crypto and blockchain lovers:
1. If you hold any valuable crypto with practical use case and which is not a scam or ponzi scheme, then you need to hold without being panic during the economic collapse of huge ups and downs in crypto marlet. If you hold the cryptos, then there is a 80% chance that your money value will simply exponentially grow year after year though few months may go in drawdown without you actually doing anything. Few examples are like hard forks, or lending cryptos and getting money as interest etc.
2.Many blockchanin based decentralised platforms will be available very soon through which you can get paid in cryptos by making comments, posts, sharing feedbacks.
3. Using blockchain based social network applications not only your personal data will be safe, but also you will be paid for your every contribution to the network which you are doing for free now in all social medial applications.
4.You can simply get paid in crypto by keeping your mobile or laptop on for sometime and sharing to the network to create a decentralised internet.
5.Using cryptocurrency and blockchain based finance applications, your money will be much secure and safe in your dedicated hard wallet like mobile phone or flash drive against all the social engineered hacks which can be performed using artificial intelligence. All other form of digital money or fiat money will be at the risk of hacking as long as they are based on a centralised server like bank server and just one hacker can do this from one computer after 5 years.
There are many more things to tell, but for this post this is enough to summarise and repeat. I may post more stuff later. For price predictions of cryptos refer to my other thread.
Artificial General Intelligence