This is exactly what the federal courts have wondered, too, and why TREB had its rear paddled last week. Speaking of Bitcoin, you moisters can stop savaging me on social media over my warning not to speculate on this blockchain application. Digital currencies may invade our daily lives in the future, but this thing is a massive bubble with close to 100% volatility. Two events worth knowing: the Bank of Canada may be getting into the digital currency business which means you can expect the Fed, the Bank of England and the ECB to do the same.
Barring any successful appeal (won’t happen), soon all houses will be naked. You have a very good chance of doubling your money in a week, and then losing all of it in a couple of days. Digital money offers no transaction fees and will be cheaper for consumers than debit or credit cards, while promisinging huge savings in the large-scale payments system. If it happens, guess what the legal tender would be? Meanwhile those who think Bitcoin is Tulip Money and are waiting to short the pistils out of it will soon have their chance.
Here is the litany of price cuts – five of them.” This is a game changer. Any buyer now has this amazing opportunity to know how desperate a seller is, how much money they’re losing on a sale and what offer they should be making.
In desperate Markham, one of the GTA’s affluent, hyperventilating exburbs, James’ neighbour’s house had been for sale for an eternity.
Since April, actually, the month when the lights went out for real estate sales, when dark Audis stopped prowling the streets and prices began their sickening descent.
In it, Pichet, a professor at the Kedge Business School in France, makes a familiar argument that bitcoin is a bubble waiting to burst, just like the tulip mania in the 1600s and the Internet bubble of 2000.
He predicts that bitcoin will die of a grand theft, a hack into the blockchain technology behind the cryptocurrency (which actually is unlikely), or a collective ban by global governments.
“If we had not shut down bitcoin exchanges and cracked down on ICOs several months ago, if China still accounted for more than 80% of the world’s bitcoin trading and ICO fundraising, everyone, what would happen today?