CRYPTO CURRENT...THE REGULATORY STAGE...PART TWO!!! I NEED SMART MIND INPUT....
Based on what I wrote below...little did I anticipate the continued roller coaster we have been on this past week...once again today with China regulation rumors swirling...the crypto market is gyrating....I also read an article that suggests that China and Russia are looking to create their own oil trading exchange...using their own currencies...convertible to gold as a way to eliminate the US dollar as the petro dollar currency....in that article their was also a hint of using block chain technology and creating its own coin to tie into all this...
Wouldn't surprise me if this informaiton isn't what's fueling China's rumored crackdown on exchanges...
Which leads me to this question...if all these countries look to take control of crypto...perhaps by even creating their own currency...does that possibly make the coins we trade potentially worthless?
Just asking...no one knows the future of any of this but I'm sure people are out there who see the future in this stuff a lot clearer than I can...
PREVIOUS ARTICLE BELOW
We all knew it was coming...the SEC has hinted about its concerns over the non regulated nature of crypto investing...little did we know China would be the first to drop the bomb...all ICO's on hold....suggestions of illegalities...ouch.
Its not the first time a Chinese action has caused a sesmic tremor in the crypto world...won't be the last...those of us who have lived by the dragon...die by the dragon...so where are we now?
Its time to weed out the wheat from the chafe...no longer will a coin make us a bunch of money just because of a cool name...well written white paper or frankly...just to be on an exchange and hyped to the moon...instead...a coin has to have a legitimate long term purpose...new issues will be regulated and made to meet certain standards before people invest...
So its show time people...only the strong coins will survive...
I suppose thats a good thing...just starting to feel too much like a teenage party with the parents at home.....sure its safer but a lot less fun...
I also think it's a good thing and I agree that it's the strong coins that have to survive. In the end... it's better to have fewer coins to choose from than millions who are diluting the market.
This recent crash definitely suggests that.
I agree with you on that...
The Blockchain is a great technology and for the time being we can expect that emergent nature of the community will overcome all the bans, governments and restrictions and to continuously change technology on its way.
Having said this it's very difficult to bet on the right crypto, which one will be the one that will solve the specific issue of the moment?
My suggestion would be to:
I wrote a small series on diversification benefits and the income that can be created through it.
CryptoPortfolio - Extract a "diversification dividend" - Part 1: Geometric and Arithmetic Returns
CryptoPortfolio - Extract a "diversification dividend" - Part 2: Portfolio Risk and Diversification
CryptoPortfolio - Extract a "diversification dividend" - Part 3: How to make 8% more per year
I would be grateful to anyone who wants to take a look and let me know what he/she thinks! Thanks
Thanks for feedback...
Steem is back to normal. 27% rise today. Thanks for contributing original content. I followed you.
Appreciate it.
Deleted.
On my list...
This comment has received a 0.52 % upvote from @drotto thanks to: @littleboy.
Good post
Thank you.
Great post!!! I think like any emerging technology, you have early adopters and those that want to try to control. I believe China is one of those who are trying to control. That being, said, several major banks will be implementing their own cryptocurrencies.
Thanks for input.
good post, thx for sharing!
Thank you.
I really don't understand why all those companies want to make their own coin. If it is based on Ethereum, why not get some money with croudfounding and adopt ETH on their model.
That would make ETH stronger and with that their idea.
Make the good coins strong and don't make new shitcoins.
Am I alone with this thinking?
Who will give you ETH without receiving anything in return. They just gives their coins to make investors believe it's a good investment. In fact, it's useless and they're shitcoins
Good question...probably control...its also what confuses me about all this technology...who really needs what coin.
at least a couple of reasons I can think of:
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STOPthis is too good to be real... and trust me guys this is good have claimed lots of coins .... https://steemit.com/clamcoins/@yepbit/get-0-00001000-clams-every-minute-is-this-for-real-oh-and-0-00010000-every-hour