Government comments of late – both China and South Korea – have put the crypto -currency markets into a freefall! And it was not all that unexpected if one considers the reality of the situation. Crypto-currencies are viewed as a threat to government control of money. And governments love to control money.

So, what does the future hold? I am no expert, but I think that there will be days like the past few from time to time, but in the long run there seems to be a need for cryptos so the odds are that the market will find a way to fill those needs.

And governments will probably do as much as they can to impede what they feel they cannot control.

Remember what Ronald Reagan said about government, “The scariest thing one can hear is for a bureaucrat to say, ‘I’m from the government, and I am here to help you.’”

And another president is quoted as saying, “If you can’t stand the heat, get out of the kitchen.”

I figure the crypto kitchen will be “hot” for the foreseeable future. And there will be many bureaucrats offering their “help.”

But in the end, in the free world, the people usually get there way in the long run. And I, for one, believe that the people want cryptos.

Should be a wild ride in these young, underdeveloped crypto markets.

Fortunately, I have very little of my own money in the markets since I took profits after a 100% gain. It is no fun to lose profits, but it is not as bad as losing hard earned cash.

You have to be smart and careful to trade these markets – and a little luck is always a good thing!



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