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2 years ago in LeoFinance by howzat (66)
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One of the main causes for this massive drop is the people messing with the technology, not knowing how to utilize it. I'll agree that crypto has passed out going in to hibernation bit it's not dead.
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It's not the end of crypto but I expect to see some heavy regulation for centralized companies. It's kind of ironic that the same framework that SBF started is still being considered too as the regulations going forward. In any case, the technology isn't disappearing and it will live on. Once the technology improves, we should see more activity.
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We do need regulations but good regulations.
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Hopefully crypto bounces back hard overcoming all the obstacles
Hopefully
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In theory, Defi is the solution for using Crypto industry. But Defi itself has a lot of lacks and problems as well. I think crypto needs to go through of people daily lives. Using crypto for daily use cases, even buying something, or a decentralized social media like Hive. but you know there are a loooong path to it.
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Considering crypto dies everyfew months or so I say its a temporary setback.
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