C.Munger : ,,Chinese Leader Took One Look At Crypto S*** And Said -"
- Thread starter Nobert
- Start date
What I find interesting, is how the older texts by his partner Warren said over and over again, DON'T BET AGAINST AMERICA. Don't invest in china...
Yet what does his partner do?
Hmmm... even these old fogies don't follow what they preach, lol. That said, Munger is still correct in 99.99% of Fuck-coin/Shit-coin. Almost all if it (aside from the blue-chips) were obvious rug-pulls, so he is quite correct in the majority of his belief.
Yet what does his partner do?
Hmmm... even these old fogies don't follow what they preach, lol. That said, Munger is still correct in 99.99% of Fuck-coin/Shit-coin. Almost all if it (aside from the blue-chips) were obvious rug-pulls, so he is quite correct in the majority of his belief.
It's even more funny that the Chinese Leader prohibited crypto in China which - except for the death of mining - did literally nothing to trading volumes.
The Chinese just kept trading as if nothing happened and CCP realized that they cannot do anything about it. Guess what: now they are opening HK as the crypto hub for China...
The Chinese just kept trading as if nothing happened and CCP realized that they cannot do anything about it. Guess what: now they are opening HK as the crypto hub for China...
sure charlie, lets take our cues from china. 
we get it, crypto is an experiment and highly speculative..
so are hundreds of ipo's that go bust.
we get it, crypto is an experiment and highly speculative..
so are hundreds of ipo's that go bust.
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Smart move!
Fleecing time at the sheep pens.
Plenty of more than willing sheeple lining up for a haircut.
LOL
Maybe because it knows crypto is a ponzi scheme, so it forbids its own citizens in trading cryptos but it encourages crypto exchanges to be opened in Hong Kong to get perhaps foreign citizens to trade on them and for them to collect the profit. Remember everything in Hong Kong is owned by China now and we all know how fast those crypto exchanges can disappear and the cold wallets on those exchanges can all of sudden be inaccessible because the password or the key to open the wallet is lost...
on this subject, just spoke to a friend in MS HK, the legislators will not pass the law to legalize cryptocurrencies as legal tender, all it does is to attract some volume to compete with Singapore and collect transaction fees. MS won’t do anything business with crypto firms in HK.
BTC will never be legal tender and it doesn't need to be