Where is everyone tonight? It seems awfully quiet around the Steemit feed. It was a public holiday in many places today so, perhaps that is it. Even in chat it is quieter than usual which I actually prefer as it gives a chance to actually chat. But, I also like to write when it is quiet as it gives me a chance to clear my head.

Someone commented today that in the US only 8% of people invest into crypto and this actually surprised me, I think 8 percent is a lot. They are basing the numbers off of a survey though so I am unsure about the accuracy of that. I think in Finland the percentage is much much lower than that. I found this article I remember seeing from a few months ago with news that Nordea, the Nordic's largest bank, banned its employees from investing into cryptocurrencies saying it was 'too high risk'.

Now I wonder how long that is going to last considering they are likely going to be forced to enter into the markets themselves. Will employees be able to sue them for lost gains? Probably not but, it seems criminal to ban employees from doing something that is actually legal.

In chat, this article popped up too talking about the Billionaire Peter Thiel backing a startup firm called Tagomi which plans to bring big money investors into the crypto markets. Among other things, it also mentioned the large firms setting up dedicated exchanges for crypto and ended with:

Whatever the approach, simplifying institutional entry into the crypto markets will be a major facilitator for wide-spread adoption.

Indeed. Once the big players make their move and ease entry for the large investors to come into the space, the large investors will come, they can't help but not. Banks like Nordea will too as to not follow the financial trends means to lose too much ground on competitors. This is part of the risk of the banks too as no matter how bad their practices, they will keep behaving as they do as long as others in the industry do the same. It is what triggers financial collapses.

But, what this will mean for the crypto space operators now is a lot of investment pouring in which will elevate prices which, much like here, will attract all kinds of new players into the markets. Be careful as the good times will roll but eventually, the music will stop and only the real projects will have a seat at the table.

It will also lead to much more streamlined, user-friendly interfaces however, these will continually be attached to identities and real-world lives. Anonymity in the space is going to get increasingly difficult and legislation will likely increase to eradicate it totally as there will just be too much money in play by then.

The half a trillion now is chickenfeed but when there is 100 trillion moving across borders seamlessly, the governments are going to want their piece of the cake and they likely aren't going to be satisfied with crumbs. We all would like to think that we are going to be able to anarchy our way out of this noose but, those kinds of revolutions take time and, large scale cooperation, which is something the cryptosphere isn't great at. The banks are pretty good at it though.

There are going to be lots of good times ahead as money flows in but, it is only going to benefit people who will hold something for that time. It seems that whenever there is a spike in prices, many people sell out completely without holding some percentage for the future. I see accounts here who are constantly powering down and transferring whatever they earn. I am not an advisor but I do hope that they are keeping some percentage in some decent crypto somewhere. It would be a shame if the people who need it most are not holding any percentage for the future as I think they are going to kick themselves.

Now, I am no investment advisor and my predictions could be very wrong but, all signs are pointing toward a massive influx of money pouring in from people who know how to read and manipulate markets, who have the backing to be patient and wear losses as they gather volumes and the power to swing legislation in their favor. Those who think they are smarter than the banks should reevaluate their positions. Some are, not many. Are you one of the few?

The markets are going to change significantly in this time and the service points we might use now will have to adjust with it also, many already are tweaking their positions. I find it all fascinating to watch it happen, to try and observe various points, listen to conversations and try to predict where it all might lead. I have mentioned it many time already but a strength of Steemit and Steem is the community that provides an invaluable source of information, if you are actually paying attention that is.

Any, just a few observations on a few points that piqued my interest.

Oh, another thing that someone mentioned today was about 'unlimited' Steem. Steem isn't an unlimited coin and while the pool is currently increasing, it will begin decreasing in a few years until stopping printing completely in about 15 years if I remember. Combine this with increase in onboarding and Steem becomes a lot scarcer than people seem to think it is. These two factors combined with the investment flood should see some significant price moves over the next few years.

Keep in mind that at the moment, Steem is easy to get...

Taraz
[ a Steemit original ]