Crypto is not dead only bankers want you to sell to buy your coins at cheap prices. Don’t believe? Why did bankers buy an exchange?.
See full story of the purchase here:
https://coincentral.com/goldman-sachs-funded-circle-purchases-poloniex-400mln-buyout/
“In 2015, the company received the first ever BitLicense from the New York State Department of Financial Services, and it also received the very first virtual currency license from Great Britain in 2016.” Why are governments issuing licenses if crypto is dead?
If crypto is a scam, why are governments quietly preparing to allow average investors access?
crypto can be the biggest bubble in world history, but only IF it becomes less difficult. How does a 90 year old lady buy crypto? She can’t even use the Internet, never mind access the best exchange, execute a trade, withdraw her coins to her wallet that she downloaded, maintain all the passwords and wallet ID’s somewhere safe. This is CRAZY. And terribly inefficient. What you need is a bank, maybe with a “crypto investment account”, where grandma sends $1000, in the bank, in person, problem solved. Then the bank invests in crypto for her. This is how normal investors will flood into the market in 1 years time. We are the early adopters who get the market readying
Crypto is the perfect bubble, but a bubble is not just $200b of crypto, that is a tiny bubble, do you know that the Dotcom bubble in the 1990’s was $1.7 trillion, adjusted for inflation since this date, this is $2.78 trillion, or 2780 billion. Crypto can increase another 10 times it’s current price just to be the same as the dotcom bubble
Do banks want to make 10 times their investment or just buy exchanges and then shut them down for no profit?
Hell no....they are extremely smart
Preying on people weaknesses
Selling the rumors
And gaining from it
Also think some organization bought the script or the exchange "yobit"
Giving out free coin
Upon registration...this guys are the ones criticizing and still buying the crypto's in turn
I'll say "Wall street baby"
Banks wanna control the crypto cap
And they're currently on it
Starting from exchange's
Where the most trade happens
A crypto ain't crypto unless it's listed on an exchange
So buying crypto exchanges is giving power back to them(the banks)
The index fund of crypto is already being worked on.
Coinbase spoke about such intentions on cnbc last week or so.
Ethos also knows as bitquence( BQX) is doing that already.
They'll decide when people should trade....the volume they want you to trade per day....increase the withdrawal fee etc
Increasing withdrawal fee will replace the taxing they've been wanting on cryptocurrencies.
In my suggestion, it's better you become one of the players in this crypto dip game by buying the dip at a convenient level for you
And retreat from being played by the forces behind this temporary dip by selling your coins at great loss.
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