it depends on your pov though. if you say crypto is just make believe on the net, what is half of the stock market then ? isn’t there a futures markets, where essentially people are putting bets on bitcoin reaching lows of 7 ish grand per coin, by jan 26 ?
It’s not the sole and only way to invest no doubt, but that area is just like crypto is it not ? betting on nothing there.
and that’s very naive about the gfc and lack of companies going under. Like i said to date i’m pretty sure only 1 person is serving jail time for anything from that, so that’s like saying no body did anything wrong, cos only one person went to jail.
alot of banks and companies were bailed out cos the USA system is so corrupt and interchanging, considering how many big banking people are in the government churning system, they did it for personal gain more than anything.
lets not forget how many trillions and trillions of dollars is the USA alone in debt ? when exactly are they going to be paying that back ?
greece is an example sure, how will it go if every country however goes, yeah nah you can’t withdraw all your money, to it’s citizens ?
I’m not saying the regular stock market and banking system is 100% like cryptos.
I’m saying they are just as open to exploitation and destruction, and we’ve seen it time and time again throughout history.
Australian banking may have tighter ropes, but in the grand scale of it all, it’s like saying we are the best sporting nation, cos we are no.1 in afl.