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RE: Is crypto space MATURE ENOUGH for another BULL RUN? Let me share my concerns ...

in Project HOPE3 years ago

Hello dearest friend, Piotr.

You have put my thoughts in another perspective and now I understand you and share your concerns.

The 2018 crash affected us all. Not in the same way of course, but it affected all of us who were in any way related to the crypto space at the time.
But it also negatively affected those who subsequently joined in and embraced crypto. Even today we continue to suffer the effects of that disastrous fall.

Levels of mistrust increased, affecting potential investments.
This was interpreted as a weakness of the crypto space and both governments and traditional financial institutions took this opportunity to discredit crypto, seeing it as a sleeping giant, who upon waking up could eclipse all dominance over international financial transactions, that they owned so far.


As you well said, at that time investors who adopted BTC only saw the way to easy money. But BTC is much more than that.

Bitcoin promises the democratization of access to finance.

Much of the world's population is unbanked, so crypto put the power of decentralized finance in those hands. This is the power of crypto.


On October 31, it was 12 years since the creation of BTC. Since its launch in 2009 until today, the crypto space has experienced all kinds of events, some repetitive, others totally unpublished, all of them have helped to consolidate a serious criterion about its true usefulness and scope.

I don't know if the necessary market maturity already exists.
I'm sure of something, all BTC holders are like racehorses seconds before the start. The levels of uncertainty resulting from a 4-year wait (since the previous halving) are insane.

I hope that investments will consolidate once prices reach new all-time highs and that there will be no fraud that will cause a new setback or stagnation of the global crypto financial system.

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 3 years ago 

I've just noticed that I've never actually thanked you for this amazing comment @juanmolina

BIG THX buddy! :)

 3 years ago 

Don't mention it, my pleasure.

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