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When it gets to US$8,000, it will stay there for years. In fact, it will stay in the US$8,000 range for decades. Then, a new type of technology will come along, and blockchain and Bitcoin will be forgotten, even though they will still be around.
When it gets to US$8,000, it will stay there for years. In fact, it will stay in the US$8,000 range for decades. Then, a new type of technology will come along, and blockchain and Bitcoin will be forgotten, even though they will still be around.
It makes sense, since their plan for the new world order is coming true. So they won't let a money system without a central bank last forever because they want to be in charge.
When it gets to US$8,000, it will stay there for years. In fact, it will stay in the US$8,000 range for decades. Then, a new type of technology will come along, and blockchain and Bitcoin will be forgotten, even though they will still be around.
While some people may disagree, others see potential for profit in the current market. One interesting idea is the concept of Bitcoin remaining at a stable price of $8k and functioning like a stablecoin, while other cryptocurrencies experience high levels of volatility. However, it is important to thoroughly research and evaluate investment decisions before making any investments.
Despite initially considering taking advantage of the recent market drop to invest in Bitcoin, I have decided against it due to the magnitude of the current situation. This goes beyond simply seeing a decrease in Bitcoin's value or people losing their savings; it could have broader economic and regulatory implications for the cryptocurrency industry. I am uncertain about what to expect in the coming weeks and how this may affect regulatory plans. This situation has caused me to feel uneasy about the industry's trust and regulation. While I am personally unaffected by the current market situation, I recognize that this is a worrying time for the industry as a whole. In the coming days and weeks, it remains to be seen how serious this situation is, but it is clear that something concerning is happening.
Despite initially considering taking advantage of the recent market drop to invest in Bitcoin, I have decided against it due to the magnitude of the current situation. This goes beyond simply seeing a decrease in Bitcoin's value or people losing their savings; it could have broader economic and regulatory implications for the cryptocurrency industry. I am uncertain about what to expect in the coming weeks and how this may affect regulatory plans. This situation has caused me to feel uneasy about the industry's trust and regulation. While I am personally unaffected by the current market situation, I recognize that this is a worrying time for the industry as a whole. In the coming days and weeks, it remains to be seen how serious this situation is, but it is clear that something concerning is happening.
The situation has resurfaced on the Luna platform, but this time Binance is attempting to prevent a recurrence of the incident. However, their efforts do not appear to be very effective thus far.
Using cryptocurrency to accept payments may not be the best option, especially during times when the value of cryptocurrencies is low, as it may result in lower income. This can be disappointing for those who rely on cryptocurrencies for their business transactions.
Despite initially considering taking advantage of the recent market drop to invest in Bitcoin, I have decided against it due to the magnitude of the current situation. This goes beyond simply seeing a decrease in Bitcoin's value or people losing their savings; it could have broader economic and regulatory implications for the cryptocurrency industry. I am uncertain about what to expect in the coming weeks and how this may affect regulatory plans. This situation has caused me to feel uneasy about the industry's trust and regulation. While I am personally unaffected by the current market situation, I recognize that this is a worrying time for the industry as a whole. In the coming days and weeks, it remains to be seen how serious this situation is, but it is clear that something concerning is happening.
It's possible that cryptocurrencies will stabilize in the coming months. Despite the current economic situation being difficult, things may return to normal soon.
For example, in January/February of this year, there was a significant increase in prices, and the cost of importing a small container from China was $9000. However, after ten months, the same container now costs only $1870. This suggests that there may be fluctuations in prices and that they can eventually normalize over time.
The situation at SBF is reminiscent of the Lehman debacle, which is concerning for the industry. The fact that it involves SBF, after years of lobbying politicians and promoting crypto's benefits, and the significant investment by VC funds in FTX, only exacerbates the issue. The collapse has greatly damaged SBF's credibility, as well as the crypto sector's reputation. His previous reputation as a financial expert and advocate for crypto has been tarnished, with negative implications. SBF has gone from being viewed as a financial mastermind to someone who mismanaged billions of dollars of capital, which is not a good look. It is hoped that the industry will not face excessive regulation, but some regulatory response is likely. Whether it will be beneficial or harmful remains to be seen. Ultimately, this development makes it challenging for newcomers to enter the industry for the long term, in my opinion.
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