RE: Make a Fortune from the next Crypto Boom!
Hi! Very good and informative post! Upvoted! It is possible to have a new "boom" starting next month but it cannot be like the "booms" we already experienced. The crypto market became more mature, simple investors (buyers) think twice before achieving any transaction and the trend shows hesitation. Lot of people lost lot of money last 2 months and i think that this time the "pump" of the btc price will be quiet painful and slow. The regulations to come are not the element needed to make the transactions easier and safer, regulations can throw out millions of poor people who actually are potential micro-investors and could generate a new solide support. It is also possible that regulations transforme the btc and altcoins into parallel virtual money that essentially supports the main fiat currencies (as it is already the case for some cryptos like usdt - tether). In any case the destiny of cryptos is not depending on the will of the small investor or the simple civilian who wants to try his chance to create a small capital. Simple investors can only be the support for the speculations of the big owners and investors. The crypto-market in my opinion -I ve already wrote about the fall of btc price one month ago- will remain stable between lower price around 6000 usd and 11-12000 maximum price until the end of this year. In the absolute reality the crypto market is fully controlled by the big owners of BTC and of course by the Banks who can buy and sell big amounts of cryptos shaping the prices at any time according to their plans and interests. The fact of the particularities of BTC such as its rigidity and the deflationary trend created by its use is also a cause of stagnation - when the market price rises, transactions become very expensive while the fiat currency's exchange rate is affected vs other fiat currencies. Finally, btc cannot make people rich simply because it is not its purpose. BTC could eventually offer some financial freedom to users but even though you need to have already a small capital to get into the crypto world and you ll do it at your own risks. People who lost all his money during the first super pump of bitcoin became wiser and poorer. People who wants to participate to the crypto party hoping that a new pump is already planned will invest with hesitation and certainly in a more conservative way. And the one third of BTC owners who has the major part of the BTC in circulation under their control are always here to remind us that the road to the economic paradise is not paved with flowers nor bitcoins. And, last words for this long comment: We should examinate seriously and objectivly the reality beyond our hopes and illusions. Thus means that we must examinate the reality of "decentralization" and put this word in his real dimension. The crypto-market in reality is not at all decentralized. It could be decentralized fully and really only if it could exist without any connection with fiat currency. When we talk BTC we talk about the price of BTC in fiat currency and there is actually no other way to define in our mind the notion of BTC. There is no decentralization in this concept. BTC becomes a kind of sidewalk parallel currency regulated, observed and distributed such as the traditional fiat money, simply because any alternative means the end of the cryptos as we know them. BTC is here to stay certainly but we shoyld be very careful using it, trending or simply investing for long term expectations. Bitcoin will be the real universal currency for all humanity only when it will be totally out of any kind of traditional currency markets, futures, nasdaqs, bourses etc... Until then should be better to not invest in our hopes but in real facts and real reality economic events! Thanks for reading me! Follow you and resteem this post! Have a nice week!
There have been several booms in the past with Bitcoin after a decline of more than 80%. History doesn't repeat itself but it rhymes. So, when you say that it cannot be like the booms we already experienced. It gives me more confidence that such a boom will happen again. Regulation are the element needed to make transaction safer. With regulations in place, consumers are more protected against fraud and will give people more confidence to invest in cryptos. If you want to buy cryptos as a speculation, you have to treat it as an assymetrical bet. Invest a small amount of money to make a big amount of money. This way you can handle declines of 80% or more. Decentralizaton is what is it is all about. I do not agree when you say that Bitcoin is not decentralized, that is the purpose of the whole concept of cryptos. Sure you can change them into fiat currency, but you can also sell gold for fiat currency, and averything else ...