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When Crypto falls out the news, everyday people aren't taking about it and this sub falls quiet.. typically it hasn't been the worst time to accumulate.

All Cryptocurrencies

by COINS NEWS 88 Views

Firstly no one can predict the prices of crypto, they are often difficult to value but (like the cynics like to proclaim) that doesn't make them valueless.

Miners are still mining, stalkers are still staking, exchanges are still exchanging, Devs are still developing and network participants are still transacting.

Over history cynics have repeatedly called the death of Crypto. These proclamations have been as ridiculous as trying to declare the death of all the worlds global economies.

As an emerging sector and new asset class if you think what crypto has survived of late.. a global pandemic, an energy crisis, a cost of living crisis, FTX, Luna and all the other FUDbate and yet... We are still fucking standing. Currently still a one trillion dollar market with 1,000s of separate projects and chains.

Over recent years the many will have lost faith in crypto because of bad actors and opportunists trying to promote shitcoin projects for personal gain. Scammers that have used the promise of "crypto" type gains to lure people in to the their latest rug pull. However it's worth noting that many of these promotions were Social Media scams NOT crypto scams. FTX was a corporate ledger entry scam. Corporations such as social media companies and exchanges are and will face more regulatory scrutiny which will help weed out bad actors and clear up the current tarnished image of crypto. The early internet was no different in this regard.

The dust is once again settling, the Crypto winter will continue to thaw and outwith the off black swan the major cap cryptos will continue to charge on. Another wave of people will again see first hand that all the Crypto doomsayers were not only wrong again but also held them back from being early participants in the crypto gold rush of the modern era.

I'd suggest if your reading this at a time where top posts on the sub are attracting less than 100 upvotes in a day... you are probably one of the ones that are going to be just fine.

"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible" - Satoshi Nakamoto

submitted by /u/jam-hay
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