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The narrative for 90% is “number go up.” Institutional is good if it make number go up. Institutions are bad if they regulate or do anything that make number no
by api 4y ago
The narrative for 90% is “number go up.” Institutional is good if it make number go up. Institutions are bad if they regulate or do anything that make number not go up.
- cynusx 4y agoTo be fair, retail stock market investors behave exactly the same. I do wonder who is still in crypto for the tech, at least in europe I don't know any senior dev that speaks positively about blockchains from a technical POV
- Humdeee 4y agoMy understanding here is regulation would open the door for many more institutions to pour in, solely from a confidence perspective. Ergo, "to the moon"?
- api 4y agoSo in the end instead of a new form of money that’s separate from central backs what we get is a… hollow stock. It’s a stock in nothing but the hype about the stock. Once the hype wears off then what?
- lottin 4y agoIt will probably bubble up for a while and crash again. Remember cryptocurrencies have no practical purpose. They are only worth something because of the expectation that a greater fool will show up later willing to buy at a higher price. But we also know that there's a limited supply of fools, so sooner or later the bubble has to pop. And this will go on and on until governments intervene. This is my prediction.