the technology itself is great. only those people who are making a business out of it are prone to commit fraudulent acts, making this technology seemed to be rigged. but if you consider a theoretical scenario without these bad actors, blockchain tech will help most of the businesses to achieve transparency, honesty, fast transactions without border, higher productivity and many more. so if these businesses will use the benefits of blockchain tech, they will surely appreciate its existence.
Yes, crypto and its technology are actually very sophisticated and useful for progress, but there are indeed many human beings who use it for negative things so many people think that crypto is a field of scams. Maybe this is happening because most of the crypto is still decentralized so that no one can control someone so they don't take action as scams. let alone in the crypto world, even in the real world we can still find lots of fraudulent or fake investments or businesses, especially in crypto where there really is a wide gap for it. But on the other hand, actually crypto is really useful and has a lot of positive impacts on society. This positive aspect should also be taken into consideration, but unfortunately, many people only think about the negative aspects without wanting to study or review the positive aspects. And nevertheless, crypto is still here to survive and provide various profitable developments. 
Topic: Crypto is here to stay. (Read 678 times)
Obviously crypto is here is to stay, the more you use crypto the more you realize how easy and simple it is to send someone money in the form of crypto. While many people do not accept this method of payment we are gradually going through the denial-acceptance cycle and we are working on it.
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
Cryptocurrency itself, of course, is not going anywhere, it is a very promising technology whose potential has not been revealed at all, except for speculation on exchanges. As harsh as it may sound, but if we want really strong and progressive development, the industry needs the arrival of regulators, as it was with the stock market. After regulators and oversight came in, the number of fraudulent schemes there went down a lot. Crypto market will be perceived as risky as long as anyone can anonymously launch their coin on an exchange and start trading, or anyone can anonymously launch funding rounds for another altcoin project and then run away with your money.
the technology itself is great. only those people who are making a business out of it are prone to commit fraudulent acts, making this technology seemed to be rigged. but if you consider a theoretical scenario without these bad actors, blockchain tech will help most of the businesses to achieve transparency, honesty, fast transactions without border, higher productivity and many more. so if these businesses will use the benefits of blockchain tech, they will surely appreciate its existence.
Obviously crypto is here is to stay, the more you use crypto the more you realize how easy and simple it is to send someone money in the form of crypto. While many people do not accept this method of payment we are gradually going through the denial-acceptance cycle and we are working on it.
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
Cryptocurrency itself, of course, is not going anywhere, it is a very promising technology whose potential has not been revealed at all, except for speculation on exchanges. As harsh as it may sound, but if we want really strong and progressive development, the industry needs the arrival of regulators, as it was with the stock market. After regulators and oversight came in, the number of fraudulent schemes there went down a lot. Crypto market will be perceived as risky as long as anyone can anonymously launch their coin on an exchange and start trading, or anyone can anonymously launch funding rounds for another altcoin project and then run away with your money.
It has been through so many hardship so many dramas but I believe that crypto would stay for good.
There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.
We've been through lots of negatives and disasters we do have on this crypto market on which we do believe that it might be dead soon but we are still here and breathing.There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.
I cant really just blame out other peoples views and insights because of the negativity around which it is really not that surprising to have this kind reaction.
This is why its important that we shouldnt really be that too hopeful nor really that optimistic on things because it would really make your disappointed
if ever you havent meet your expectations.
Despite all of the drama with FTX:
-Apple pay added USDC support
providing an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.
Crypto is here to stay.
-Apple pay added USDC support
providing an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.
Crypto is here to stay.
Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
Genesis an affiliate to FTX was a big project that hold lots of investors money, but we must know that genesis is a centralized projects which make it risky to deal with but newbies may not be aware of the risk associated with putting money on centralized platform.
Far better to hold you investment in a personal wallet and not handing control of your balance to third-party services, there have been major setbacks in the crypto industry.
But investors are becoming more familiar with their mode of operations and at that from their experience and the effects of recent events on the price of most coins, more people are now learning to hold the coins in their custody.
It has been through so many hardship so many dramas but I believe that crypto would stay for good.
There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.
There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.
Obviously crypto is here is to stay, the more you use crypto the more you realize how easy and simple it is to send someone money in the form of crypto. While many people do not accept this method of payment we are gradually going through the denial-acceptance cycle and we are working on it.
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.
Therefore fill up your bitcoin bags and lets all get rich!
During the bear market, there will always be a lot of bad news and FUD about cryptocurrencies in the crypto market. But none of this will affect the continued existence of cryptocurrencies, and will even make them stronger. I believe that after the encryption winter, there will be a lot of positive news and innovations in cryptocurrencies.
Crypto has been a wonderful alternative to the traditional money market if not a competitor, but the recent dramas in the last few months have been a lesson to everyone to have a critical thinking about crypto.
For the most of us, cryptos are more than just an alternative but they treat it as a replacement to the fiat money especially Bitcoin since it was the most decentralized crypto up to this date. We can also call it as a competitor. It was the banks actually who termed it because they see it as threat to their business.This is also the reason why cryptos are banned by them or they request it to the government to ban it in their whole nation. The recent drama in crypto doesn't made people think if they will continue to use it or not but it only teach them a lesson to not fully trust centralized platforms because they aren't totally in control of their money.
Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.
We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
The problem is that a lot of people are still not aware of this and seem to generalize between bitcoin and altcoins even though this is very different and even I still find some people who are still confused about bitcoin and altcoins.We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
On the other hand, I quite agree with what you said because the safest thing to be here for the long term is bitcoin, not some of the coins in the alt. although indeed this can still be done for some alt which does have potential, still from a security point of view bitcoin is a real thing.
Crypto has been a wonderful alternative to the traditional money market if not a competitor, but the recent dramas in the last few months have been a lesson to everyone to have a critical thinking about crypto.
Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.
We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
True. The correct would be to say Bitcoin is here to stay. That is the only crypto we have seen its lasting at the same position since the beginning. Another cryptocurrencies proved to be temporary tendencies adopted by investors for speculative hypes, which don't last more than a year or two. As examples we have currently NFTs and Blockchain games, which have already become irrelevant. Maybe we could open an exception for Ethereum, which is also keeping the same position for a long time by now, but Bitcoin is still unbeatable. We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
Individuals should likewise look on the splendid side or positive side since there is a ton of development right now that is in cryptographic money, these negative news or occurrences occurring on digital currency right presently is by all accounts given en route.
For my purposes, there is consistently a great deal of positive news and development occurring and coming to digital money contrast with adverse occasions, so we should be positive generally. Accept those adverse occasions as illustrations as we come.
For my purposes, there is consistently a great deal of positive news and development occurring and coming to digital money contrast with adverse occasions, so we should be positive generally. Accept those adverse occasions as illustrations as we come.
What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.
I feel like it was a bit bigger than the usual, and that is why it created this much trouble. The talked amount is somewhere between 6 billion to 8 billion dollars, which means it is a huge amount gone right away. And as we all know in crypto nothing is really "gone", it just changes hands, or even if it is burned, it's there someone being untouchable at the best case but no gone we can see it, if it moves we can react. So, this has been a bit bigger than usual and came at a point when we were trying to recover from the crash and caused a little bit of a trouble for the market. We will get better though, we are already, and we will be 20k again.
What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.
Admittedly, the crash of FTX has a negative impact on bitcoin as well as the entire market but in the end, FTX is only a part and very small compared to the entire crypto ecosystem. The collapse of FTX can only affect but not prove or judge that cryptocurrency cannot survive even if it's not FTX, it's binance or coinbase can't kill the market, they are just part of the market. Without that exchange, the market still exists and develops.
Despite the recent bad news (FTX Collapse, UST/Luna issue, etc.) that have brought negative signals to the crypto space, The crypto industry is still moving because the crypto industry have a lot to offer for those of us that believe in it. IMO, most events that have happened is not about the crypto technology, it is about people - it simply brings out some aspect of the human element: distrust and insincerity. Blockchain technology has been built to be utilized and deployed for the benefit of those in the crypto space, but human manipulations bring in bad reputation in the crypto space as if there is something wrong in the technology. I think, these events are rather shaping the the future of the crypto space, and will make it more robust and more trust-worthy in the future. The crypto industry is here to stay.
There is no indication that Cryptowave will be discontinued in the near future. The market for cryptocurrencies is actually still in the early stages of its development. There are now a great number of additional brands participating in this wave. Therefore, it is reasonable to draw the conclusion that cryptocurrencies will continue to be traded on the market for the foreseeable future.
Indeed, it is in its early stages of development and far from maturity, that is why it is extremely volatile, and we witness huge spikes in its price on daily & weekly basis, but it here to stay because its popularity is growing fast as it provides opportunity to new investors to buy at good price and to long term investors to sell their holding when market in bull run and book huge gains, but we should invest only in good coins ,those have strong fundamentals.
What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.
There is no indication that Cryptowave will be discontinued in the near future. The market for cryptocurrencies is actually still in the early stages of its development. There are now a great number of additional brands participating in this wave. Therefore, it is reasonable to draw the conclusion that cryptocurrencies will continue to be traded on the market for the foreseeable future.
Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.
We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.
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