I'm not an expert on this, but my understanding is that blockchain and DLT don't require tokens that are publicly traded and there are permissioned/private blockchains.
If correct, wouldn't any future CBDC or settlement network run on a permissioned blockchain, so that the riff raff cant be...
I'm not sure the whole point of crypto is an avoidance of government regulation, rather the privacy of transactions (the original cypher punks), and/or the avoidance of financial 3rd parties (banks) requiring trust, as per the BTC white paper.
Obviously government regulation is closely linked...
Based on all my crypto Twitter TA it seems likely, to me, that it will go much lower yet, down to $10k to $14k...
Might put some spare cash into BTC then, not that I have much.
Will be putting zero to negligible amounts into anything else.
I've seen some conspiracy types suggest Sam Bankman-Fried was part of a secret international paedophile network, that he was publicly advertising to everyone via his twitter profile picture.
I'm sure that they will be able to shoehorn in Hunter Biden's laptop, and likely the pizza eating Hilary...
It looks like it will be a very long winter, although if it is to carry on, flushing out all the ponzi fraudulent projects/tokens now (i.e. 99% of them) will be a good thing.
Markets in meltdown again, looks like a few defi ponzis and overly leveraged VC types have been holding the house up and they're having to liquidate. Things could get more nasty still too...
There is no suddenly about it, the price has been following the stock market for months, particularly tech stock, NASDAQ down 23% this year BTC down 24%. Things are getting very messy all around...
The dead cat is now resting. Reading bits and bobs and it seems like something significant is brewing all over the shop. In terms of BTC only $20k seems very feasible in the near future, I'm keeping some dry powder at the ready....
Does seem to be quite a few encouraging signs in the crypto market, but at the same time the macro situation isn't exactly great.
I see some on chain data showing bullish signals, some TA too, although some TA very bearish.
I'll continue with small regular DCAs though...
The next halving is ~March 2024, not next year.
One factor which probably is affecting the drop off is the China ban on BTC, which comes into affect on the 1st Jan. I'm not sure of the exact details of the ban, but I have seen data that indicates a lot of selling from China/the Asian region. I...
Possibly, although possibly the traditional crypto cycle may be over/different this time. :shrug: As it becomes increasingly mainstream, it will be affected more by mainstream/macro events.