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RE: Is crypto space MATURE ENOUGH for another BULL RUN? Let me share my concerns ...

in Project HOPE4 years ago

Congratulations on this text @crypto.piotr. I've been int the cryto markets since early 2016, and I've seen a bit things since then.
Regarding your text I have some thoughts, though

  1. Unfortunately crypto market was linked to scams and/or money laundering for quite some time in 2016 and 2017. This happened because of the propaganda goverments made about these assets, and also because of the ICO hype that took place in 2017 and 2018 where lots of scams took place. "Projects"didn't really care about delivering their promises and dragged lots of "investors" with fake and/or unrealistic promises.

  2. Media has its share on the problem, since it didn't back up serious crypto projects, like Bitcoin or Ethereum.

  3. Goverments tried to stop the crypto markets by regulating or trying to ban cryptos on their territories, since they knew they wouldn't have control over the money transactions and wouldn't be able to track and tax those people.

When media highlighted markets, they were already at ATH, and they really didn't explain their audiences what was crypto about (the philosophy behind libertarianism), but only focused on price and promised those people a get rich quick scheme. They just forgot to tell them that there's no such thing in any kind of investments. This was a huge misinformation campaign backed up by governments to keep small investors outside the market, since they bought at ATH and lost they little money.

From 2019 on, a fourth wave of people got interested in cryptos and tried to study the market (which is awesome). This is contributing to the crypto markets. Also in the late 2018 and early 2019, many institucional investors like big companies hopped in as markets crashed in 2018.

My veiw is... we're about to experience a new bull run, but now different from the previous ones, since companies will help to drive prices up. It will be a bigger bull run this time, but regular people should take care of their money, study TA and fundamentals and diversify their protfolios, since there are still many shitcoins in the market.

Hope I contributed to you with my view

One more time congrats on your text.

Best regards

@aotearoa

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 4 years ago 

Dear @aotearoa

Late thank you. I trully appreciate your time and I loved your feedback.

ps.
Perhaps you would be also interested in checking out my recent post:
BLOCKCHAIN FOR DUMMIES - what would be your explanation?

Stay safe and enjoy your monday :)
Yours, Piotr