The Final Crypto Winter?
The term "Crypto Winter" is something that has stuck with us for the last decade. It simply means a period of time in which the markets cool off and become rather stagnate. Not much going on trade wise, no real innovation in the sector and price movements non existent. It's happened three times in the course of a 10 year period and that term might soon be going out the window forever.
As of late the crypto industry has been getting hammered. At one point thought of not being much of anything has turned into a battle for the SEC and government. With that is coming more calls for clarity as companies and people involved with crypto lately have just been the target of court cases and fines with no real clarity.
However that seems to be changing and with that we could very well see the last crypto winter and in fact one of the biggest bull runs we have ever seen.
The Crackdown
Right now we are seeing a major crack down and while it affects some legitimate businesses like Coinbase and hurts small investors for the most part we are seeing the real crooks of the system drop. It's clear that the history of crypto has seen it's fair share of rug pulls, bad actors and people who simply cash in on illegal ways and then crash the system. While a vast majority of these people simply ran away with it all or started up their next scam. With these crackdowns we all feel it but we are also seeing many of these people start to get hit which is a good thing.
While it may not feel like it now these hits will make it harder for people to "get away with it" and instead start to second guess their actions. That doesn't mean it's going to stop and that doesn't mean you need to be stop being smart about your investments.
The World Economy
It's clear there are many shifts in the global economy at the moment. As much talk is happening about the USD no longer being the world currency it was going to happen at some point anyways. Coming out of world war two the reason the USD became a world currency everyone worked with was because it controlled over 70% of the markets. However that has drastically dropped to the point of lower than 50% which leads room now for there to be alternative methods. While BRICS is the spotlight crypto can also be in that mix.
It's clear that just about everyone now knows and hears about crypto on a constant basis. I often think back at my old job a few years back and how people thought I was crazy for investing 80% of my paycheck into crypto at that time. Well look whos laughing now...
We are seeing a vast majority of the population now owning and holding some form of crypto. Thus the adoption phase is now over and next will become the accumulation phase. For the most part people know and have some now it's stacking season for everyone. It can be looked at as a way to store value when the USD is looking weaker and weaker lately.
Industrialized
We haven't yet hit this phase yet. We have seen some start ups come of crypto and have seen what a huge boom that is to the crypto space. However until we get more clarity and rules in place where places are not randomly hit with fines and wells notices the startups are going to be slow to come and slow to grow. However that time seems to be ending here soon and with that we most likely will see a massive boom in the space much like we saw with the dot com era. Thus ushering in the last crypto winter as some speculate.
What are your thoughts? Is this the last crypto winter and is it already thawing out?
Posted Using LeoFinance Beta
https://leofinance.io/threads/@bitcoinflood/re-leothreads-2bheh2zxv
The rewards earned on this comment will go directly to the people ( bitcoinflood ) sharing the post on LeoThreads,LikeTu,dBuzz.
i suppose. however, generally, i think this is just the beginning. in my opinion, most of the coins won't have long life. like ETH for example amongst plenty other, it is just not sustainable for higher traffic, being mainstream. And switching that to other coins, will bring dumps, for sure. and must get rid of all the trackable, surveillance coins (and pretty much all are that, especially nowadays top10)
anyway, i see it similarly like you. they want to get rid of dollar, pretty much everybody, even US. regarding your topic, not important why. and if a significant part of that value, volume will go to crypto (also assume, they can't turn all crypto into CBDCs, what i see they want) and people will use it, sure at least the next few decades can go without big problems (i still think, the main coins, pretty much all the top coins, but certainly all top10 today (especially the more or less already CBDC 'stablecoins'), must be replaced by others, new ones, and if it happens naturally, slowly, that cannot be a problem)
if i just see the nasdaq daily volume and compare to all crypto market volume... well... you know.
and if that shift from dollar and generally FIAT happens, crypto stabilizing on a much higher value, later on it can do the same slow global takeover, and when it finds the real price, will be stable forever. (hopefully without destroying the hole world, and sucking out value from everywhere)
this chart is a great one, perfectly shows how big scam the (money) system, FED, and all CB are, especially the US one:
https://www.exchangerates.org.uk/articles/1325/the-200-year-pound-to-dollar-exchange-rate-history-from-5-in-1800s-to-todays.html
for 100 years, there were no problem, then they introduced the FED... :) :) :)
if they can spread the CBDCs, and turn the already trackable cryptos, into CBDCs, surveillance coins, then nothing will change, it will get even worse, and more 'cryptowinters', black crypto mondays and fridays coming...
This could be.
going from 70k bTC almost a 3 trillion market cap down to 15k BTC and a 800 billion crypto market cap and then hardly recovering isn't a winter?
Sorry my wrong.
Corrected.
Hmm..thanks for sharing.!
I believe we will see many more boom and bust cycles for crypto to come in the future.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.