Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The "crypto" market's memory is exceedingly short.
His points #3 and #4 are precisely why the "crypto" market will have another bull run. Because VC greed never dies.
It'll be brand new companies just like FTX and BlockFi but with new names; wolves in sheep's clothing.
They will find loop holes around the "securities" issue.
Because scammers gonna scam, and n00bs are completely oblivious to crypto history.
We are 13 years into Bitcoin's birth, and the ONLY regulations inacted have been on poor Average Joe (i.e., KYC/AML, id and bank account required, taxes on buy, sell, and profit, etc.), NOT on the scammer exchanges and VCs.
agree. bitcoin has remained the same for the whole 13 years ie as per the white paper. its mt gox and FTX that have come and gone but more like them will come and go. also bitcoin has stayed away from all the nonsense about tokens etc. It has also not over promised "benefits' or "opportunities" the way other coins have. In short there is really two worlds - bitcoin and all the rest that collectively could be called crypto - 95% which should be avoided like the plague. Sadly many people keep everything on exchanges when all you need is a wallet to protect from the greedy or incompetent exchanges. That allows exchanges to take down so many people when they crash.