FUEL FOR THOUGHT: CRYPTO IS FOREVER
Every morning I managed to listen and watch some news for traffic so I can avoid some roads. It is a hit and miss cause timing has a lot to do with it. The only luck I may have be on the road before 6 am. Other than that it is a giving. Traffic in South Florida can be horrible. Any little rain be careful with drivers on the phone.
While I listened to the TV, crypto was all over. Kind off surprised to hear crypto nonstop. I guess the news of #SBF is spreading like wild fire. While this debacle will close 2022, I have a feeling it will slow down the beginning of 2023.
Today I see another move on the way on top of #Binance. So far it has proved no central exchange is safe when it come to verify collateral. Not your tokens not your keys have been gaining traction. As you know it only affects folks that understand the value of holding your own tokens like we do in #hive. Not sure if #BNB is managing the situation but t is a sign a test is needed so we know where to stand.
By all means another fall will not be advisable for crypto today. Knowing the importance of any exchange, knowledge can empower the whole ecosystem. We have been allow the big banks to dictate how to use our funds, this way does not help in the long run. Cryptocurrency is changing how we should handle money, valuable, assets, etc...
I have to say it is rewarding to watch how #BTC is holding quite well while the bashing is ongoing.
It will be a while before we see generic growth but what we hold will forever cement the value we are experiencing today.
Just look at #Hive. It is where we want it. I have to say I manage to like where we are. I'd rather see a slim good looking Hive than a pump and then dry token. It shows how serious we want to grow. Time will come where it will navigate and jump high.
I think the inflation news today will help in the long run.
I am not so sure we will get down to 2% inflation anytime soon.
Having the power of blockchain can change and help to reduce the damaging cause of inflation.
If there is one point cryptocurrency can stand on: trustless way of doing business. It is what it is. This test on #BNB is the way the crypto market is telling you where to go and what to hold.
The market is also making sure the loss we witnesses with #FTX does not repeat. While crypto creates crypto out of thin air, they need to have some sort of liquidity in order to move around.
I have to say this is a busy December that may overflow to January.
The issue is all about the actors. Crypto is sane and safe. I think crypto is self cleaning itself in order to move forward. Price action will come and go but crypto is forever.
Keep on vesting.
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Your words and conclusions are encouraging for the future of cryptocurrency. Well-written!
One of the first lessons I learned, even prior to purchasing my first cryptocurrency, was the importance of self-custody. It's an essential investment.
Keep in mind that cryptocurrency growth is pushed by the ability of people to purchase risk-on assets, since they tend to fall directly into that category, if for no other reason, than based on their volatility. Once inflation is under control, there will be incentive to turn the money printers back on in order to continue economic growth. Within a short period of time, the consequences of the influx of money will be seen in the growth of risk-on assets. I can't predict exactly when it will occur (do I look like an oracle to you? 😉), but it's a predictable and normal cyclical occurrence, and thus will happen.
So it is a good time to build in crypto.
I am hoping for a stable influx for crypto where legitimacy grabs a good 10% of the crypto market.
!PIZZA
Posted Using LeoFinance Beta
You hit the target, Mr. Pouchon! A good thought.
“You make most of your money in a bear market, you just don’t realize it at the time.”
Those who will survive the bear market in a steady state are more likely to build further during a bull market. Personally, I'd have cryptocurrency as a smaller portion of my total portfolio for the sake of diversification, as viewed from a fiat perspective. Bitcoin remains a significant but minor portion of my portfolio because I also believe in its fundamental role in the future of worldwide currencies.
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Yeah your are absolutely right no one exchange is save for users. Luna and ftx going to be default. People's loses million dollars in this situation.
My 10 thousand dollars is become zero. I think crypto users use only wallets to save his crypto.
Now everyone says binance going to be default but i think binance will never go if binance going to be default its very huge bad effect on crypto. I remember 2010 mtgox crash but crypto will recover again. Everyone knows crypto recover absolutely wait some more time. Thanks for sharing your valuable experience with us.
Your words and ends are empowering for the eventual fate of digital money. Elegantly composed!
One of the main examples I learned, even preceding buying my most memorable digital currency, was the significance of self-guardianship. It's a fundamental speculation.
Remember that digital money development is moved by the capacity of individuals to buy risk-on resources, since they will generally fall straightforwardly into that class, if just because, than in view of their unpredictability. When expansion is taken care of, there will be motivator to walk out on to proceed with financial development. Inside a brief timeframe, the outcomes of the flood of cash will be found in the development of hazard on resources.
It would still be nice if not all of the crypto news was focused on the whole SBF thing. There is still so much awesome stuff being built right now. Unfortunately the FUD is hammering the drum hard right now. That is all most people are going to hear.