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RE: The Sky is Falling or at least Cryptocurrency is
Hard times. I wonder how long it will take to climb back to the end of 2017 level.
Hard times. I wonder how long it will take to climb back to the end of 2017 level.
Yes, very hard times and I think seeing the climb up to the 19K range is easier than most people believe as long as mainstream stays out of trying to regulate it. Cryptocurrency would have a lot more chances to rise up if there were more options for people to turn their #fiat into #crypto but unfortunately, especially in the US there are very limited sources to do such.
Before the 1920 economic crash anyone and everyone could invest in stock offerings yet now "to protect the American people" only "qualified investors" can participate. Which means the rich get richer while the intelligent middle class continues to get mediocre returns. Regulation is going to be downfall of crypto investing therefore I tell people get in now while you still can before it gets blocked out and you're stuck buying Microsoft Dollars instead of legit #altcoins.
I agree. It's hard to start a legitimate exchange with possibility to deposit fiat, so 1 - we gets lots of shady ones, registered in shady location, 2 - they can request high fees, because competition is so slim... As far as I see it, US should treat their citizens as adults, that can spend and risk their money however they want.
Yes the US should yet the wool continues to be pulled over the citizens eyes because they get tricked into seeing it from a poor person’s mindset.
Of course during the Savings and Loans days of #america the banks were in charge of the ups and downs yet through mismanagement of funds entered the FDIC to once again “protect the people” well now with anyone trying to change their #usd to crypto currency they treat it like a bank with FDIC Insurance which once again is just the wool over the eyes and instead is a way for the government to track everyone’s earnings and therefore going to tax the gains.