I really feel what is occurring is just like the 2000 dot-com bubble. It’s scary…. I do know, I lived by way of that. However in all honesty, what has been taking place in crypto this 12 months is a mandatory evil to wash up all of the dangerous performing that has been unknowingly and knowingly recognized. This can be a actually good factor.
I do suppose that centralized alternate regulation is totally mandatory. Now that the dangerous actors and their rotten lobbyists are beginning to get cleaned out, this my really begin to occur. Be aware, I state regulation for ‘centralized’ crypto companies.
Take into consideration what’s been taking place… It’s crooks and inexperienced people implementation of centralized fashions utilizing a decentralized framework. Smoke and mirrors. Artistic solutioning to make a small group an infinite quantity of wealth within the title of ‘the group’. So what’s the issue in my view?
1. Crypto CEXs have been working to create a ‘centralized’ one cease store (invisibility protecting some customers hostage on their platform by providing unsustainable incentives),
2. CEXs have been making dangerous ‘funding bets’ for his or her profit with customers hostaged property and missing transparency that this was/is occurring, and
3. CEXs which have declared that there are backing reserves and people reserves based mostly on different cryptocurrencies – a lot of that are platform created or shit cash, that means GARBAGE.
When investing your in crypto, suppose ”blockchain know-how and use instances”. If neither exist, keep away. For those who make investments, transfer your property to your individual self custodial pockets (a minimum of till there may be ‘centralized’ regulation in place).
That is simply my private humble opinion. Take it or go away it.
Good luck on the market!! This too shall move and make us stronger… ????
Scaredful
I’m scared for ALTs but hopeful for BTC/ETH in future.
Scared??
>Mama didn’t raise no pussy
Stay down long enough for me
I see it is buying opportunity. Have I been right ? Only time will tell.
I am not scared and I need to pay my rent till 20th and I have 0 balance atm. You think I am scared of some crypto winter ?
Greedy is my sentiment.
Hope is all I got
As a pessimistic, it’s hard for me not to be. All I can do is hope.
Very hopeful as we are only cleaning out the vad actors in the space so we can have a clean future.
Is there buying opportunity? Sure, but this is now long term investment, like 5-10 years.
I don’t believe we’ve hit bottom yet, still plenty of downside coming.