I personally do not know what will happen to the entire Crypto market, but it seems it's about to be heavily shaken up in the coming weeks.
Reddit is killing off all 3rd party apps within the next week or two. I expect a mass exodus of users there shortly after. Reddit is by far the most popular place to go for crypto news.
Binance is now being sued by the SEC. They are the #1 crypto exchange, and we all know how dirty CZ and Tether are.
The perfect storm is now coming for Crypto.
Let's see if any coins/platforms survive it. I know many here are dug into the sand on both sides, I think we are getting that answer soon on what will happen with Crypto, and it's potential role in the future.
I personally think a few will remain, but I can also see it going the other way too, it all goes POOF.
There could also be a gold backed crypto. Or even crypto regulated by the price of oil.
There are already cryptos pegged to gold.
I get your point but being pegged to gold isn’t the same as being backed by gold.
Backed by gold, too.
Bitcoin makes gold obsolete. Bitcoin does not need to be backed by gold because Bitcoin is harder money than gold.
Delusional.
Spin
Which is essentially the same thing as what BRICS is trying to accomplish.
Crypto exchanges are operating under gov't purview. Once people realize that the govt is the real problem, they can have the option to go outside of gov't control.
DEX's are a solution for this.
I got out of USD a long time ago. Crypto's fall is a real concern for me, but everything is going to fall. I have more faith in crypto than USD. Have some gold and silver, but not nearly as much as crypto because of the carrying and transfer power of crypto.
It is a solution. Gov'ts going after it is the indication that it is an absolute threat to their central bank thievery. Good. Fuck them.
Either we get scared because the market is going to take a hit, or get some balls and stay firm that we will not use a CBDC no matter what. The people decide what will be used. Don't fall for the scare tactic. Diamond hands no matter what. I am not participating in any currency that is controlled by the central banks. If I have to eat out of a garbage can, so be it. Fuck these assholes.