I'd actively trade but I'm paranoid and don't want to give my dox to an exchange and end up getting goxxed.Too many people buying and holding, not enough people taking the time/risk to actively trade. There's plenty of action and opportunities to make trades even in a bear market.
Hodlr's gotta feel like shit since we're grinding on this low we keep touching over and over. If we break $10k again I expect a lot of hodlers are gonna start coming out of the woodworks.
No, I just trade the charts.Any thoughts on the upcoming bridge demo? Palmer's twitter rant? The future of blockchain currencies in general
I personally think it has some major unseen developments for enabling third worldy people to level the playing field financially.No, I just trade the charts.
Cryptocurrency is important, without it I wouldn't be taking donations on my website. There are a lot of people who are simply cut out of the traditional banking system who need a permission-less alternative.
I treat all alts as a scam on the long term because I honestly believe 90% of them will being going away. Alt season has been too profitable historically to pass it by, though.I personally think it has some major unseen developments for enabling third worldy people to level the playing field financially.
I don't think it's a bad thing at all, but like every new technology it more than likely has some undiscovered flaw, and the amount of money being thrown around without people understanding the ins and outs of the technology is a dangerous thing. A relative of a close person to myself lost a large chunk of money that they received as a family gift. Sad, preventable. Wasn't an amount they should have risked given their personal situation, but they saw it as the future and a no lose situation. Not as what it is, a high risk non insured free for all. In it's current state anyways.
I wouldn't even claim to understand it. I understand it's usefulness, and I like kicking around spare change on my exchange and seeing what works.
The even more limited crossover of people with any kind of available income and time to even consider crypto trading to begin with.I lurk
you gotta understand the limited crossover of people who are both interested in finance & internet terrorists that kill troons with misgendering.
Money laundering? I don't mean that disparagingly. Just in the sense of hiding the source of money.Cryptocurrency has a unique and valid use-case.
De-platforming resistant numbers being moved around between accounts. I do not suggest some sort of bitcoin maximalist narrative about it replacing fiat currency.Money laundering? I don't mean that disparagingly. Just in the sense of hiding the source of money.
If it's just money laundering, then yeah, crypto has a long-lasting use case and it'll stick around in some form.
But if that's its only use case, then it probably will never go mainstream. Your average person has no reason to play ball with something like that. Mainstream banks don't have reason to play ball with that (and all the headache regulations it'll require).
However, one mainstream use I can see happening is replacing chunks of the existing financial system. See, for checks and various types of transactions that go between banks, there's like 3 layers of low level clerks that spend a lot of time checking people's credentials and transaction numbers and things like that. There's quite a bit of automation, but it's still really labor inefficient.
They could probably fire a bunch of those clerks and replace them wholesale with ripple or something.