Crypto trading

[Bingo-Player]

My personal belief in btc long term has not changed, the value is in being the most secure decentralized payment network ever created.

So far .....

The central banks are well under way creating the next one with their little gov coins

That will be the end of deregulated crypto unforutnatley

I think its becoming quite evident that leaders and CB's are intentionally bankrupting fiat

This is blindingly obvious in the UK i think we could be the first major economy to collapse things are starting to get really rocky here

Most markets still in a state of complete delusion / confusion take your pick

 

[Bingo-Player]

Well I think it depends on if this currency/technology has a future... Tesla was high and low and one point when electric cars weren't forcasted to be significant and that market has certainly grown. Same with Amazon when Brick and Mortar shops ran everything.. it has done great in the post years..

So if crypto itself can be a game changer couldn't it grow huge also at some point?

You can't compare crypto to tesla or amazon or bricks and mortar shops because it's an unproductive asset that offers little to no value to an economy

Just ask poor El salvador who were used as puppets although i'd guess the president was paid a lot to push that agenda through but again its the people that will take the hammering from the governments actions

 

[jaygreenb]

You can't compare crypto to tesla or amazon or bricks and mortar shops because it's an unproductive asset that offers little to no value to an economy

Just ask poor El salvador who were used as puppets although i'd guess the president was paid a lot to push that agenda through but again its the people that will take the hammering from the governments actions

Actually there are a lot of similarities to those companies, all of them are networks that have exponential growth and have followed Metcalfe's law. All these tech networks have or are in the process of disrupting the industry they are in. El salvador has also benefited in a number of ways, one having their remittance fees cut down to almost zero running payments on the bitcoin rails which also includes USD. This has significantly added to the GDP. It has also a attracted a lot of outside investment and tourism.

So far .....

The central banks are well under way creating the next one with their little gov coins

That will be the end of deregulated crypto unforutnatley

I think its becoming quite evident that leaders and CB's are intentionally bankrupting fiat

This is blindingly obvious in the UK i think we could be the first major economy to collapse things are starting to get really rocky here

Most markets still in a state of complete delusion / confusion take your pick

Yes, regulation is coming, most of the other cryptos will get wiped out or adapt. It will also provide greater clarity which will bring in larger institutional investment.

 

[Bible_Belt]

The reason regulation hasn't arrived already is that the early crypto players at the top of the pyramid made huge sums of money and used a lot of it to purchase politicians, especially those with seats on a banking and finance committee.

Robin Hood/Citadel followed the same model. Good luck complaining to your elected rep about one of their biggest donors.

 

[jaygreenb]

The reason regulation hasn't arrived already is that the early crypto players at the top of the pyramid made huge sums of money and used a lot of it to purchase politicians, especially those with seats on a banking and finance committee.

Robin Hood/Citadel followed the same model. Good luck complaining to your elected rep about one of their biggest donors.

I'm sure that may be part of the reason as well as other variables. There are a lot of different dynamics at play and if regulation isn't done correctly, it could drive innovation and the capital it generates to other areas. Being a hub for this next tech wave will create a lot of tax revenue. Bitcoin already has clarity in the most important aspects. It is going to be treated as a commodity and been ruled personal property. It is just computer code and the cat is out of the bag about the idea. It is far too entrenched with powerful people and corporations with a vested interest in protecting it. Its properties also make it near impossible to eradicate globally.

The rest of crypto is a completely different story and carries significantly more regulatory risk. It is up to the individual if they think there is a good risk/reward profile in the future.

 

[Reyaj]

Wtf is going on lol

 

[SargeMaximus]

Wtf is going on lol

I tried to warn y’all

 

[BillyPilgrim]

Wtf is going on lol

Money laundering on a massive scale by our benevolent global elites

 

[jaygreenb]

Money laundering on a massive scale by our benevolent global elites

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

 

[Reyaj]

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

Will BTC and ETH be ok?

 

[BillyPilgrim]

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

To be fair, his head is a chia pet. Lots of people going to be losing their eyesight over that sex tape.

 

[jaygreenb]

Will BTC and ETH be ok?

Long term I strongly believe it will, in the short term anything could happen with price, a lot of outside variables. BTC carries considerably less risk than Eth in my opinion. BTC is for the most part a finished product on the base layer and does not have any competitors. ETH is constantly evolving and we have no idea if it can work at scale, It has and will have constant competitors vying for market share. I'm slowly starting to buy btc again and have open buy orders every 500 down to 10k.

 

[VirtuousD]

We (almost) back boys, just 2 months after the biggest ****fests in history. This speaks volumes about how much crypto could take off after the wild west element of it eventually wears off and the macro environment is positive .

 

[jaygreenb]

We (almost) back boys, just 2 months after the biggest ****fests in history. This speaks volumes about how much crypto could take off after the wild west element of it eventually wears off and the macro environment is positive .

Things have held up surprisingly well considering the amount of catastrophic things that happened last year. Still some big questions marks sitting out there like what happens with digital currency group but nice seeing some green days. No clue what will happen in the short to medium term