crypto currencies are doomed

Originally posted by Shrewd Crude: ↑

ok,
Goblin,

valid fundamentals you ask?

crypto is the next layer to the internet...!!!
its for increasing liquidity in money markets (research defi, staking, farming, pools)
it's used to boost the global economy and diversity International growth...
it's for faster, better and more secure money flows...
It's used as a collective to pool assets as a bargaining power (look at shopping coin)...
It's used to replace multinational corporations who have these existing monopolistic powers (which also creates loss of growth in deadweight loss)... which is inefficient loss to all of society....
crypto encompasses all chains...
both vertical and horizontal integration... thats top to bottom of all goods and services...(from production right through to consumption)
crypto is used for the safest and most secure voting systems...election voting, and all sorts...
crypto will be used to provide the billions of people in the world who don't have bank accounts the opportunity to have one... (look at Cardano and what they are doing in Africa)...
crypto...
crypto is used for privacy and storage, for databases,
filing, securing data....
crypto is used for redemption and trading goods and services (for swaps)...
it's used for additional leverage, both shorting and long ....
Crypto is used for community based initiatives and projects which also includes extensive charity work and (meme coins)...
I'm sure I could go on and on and on with fundamentals...

So next time you want to come here and cheer yourself up because you missed the greatest opportunity of a life time... while also kicking others while their investments are down then think twice how you tread...
because you will get torn to pieces and look like a total loser doing it...
maybe the basic notions of crypto are far beyond you... its really not that complicated...
Don't make your problem ours...

do the research ...
And really do the research, dont just watch mainstream media to get opinions... and you will see why crypto is the greatest performing asset class the World has ever seen... the bull market in this market cycle is only half way !...
After this downtrend crypto will be coming back bigger and better than ever before....

!!!

Expand

No doubt that crypto is too big to unwind.

Too big to fail? Banks and financial institutions fail, what happens when a crypto exchange, etc fails? Lost of confidence in the system?
Unlike FI with APRA, ASIC, RBA, ACCC, etc and other countries watching and regulating, crypto is wild wild ...
Governments if not curb the funds flows will find ways to tax this big revenue source.

Every government announcement, rumour, or tweet set the exchange rates into a wild ride. Crypto exchange is a casino for gamblers.

Therefore, beware of the extremely high risk and rewards.