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Happy to see this whole thing finally coming to an end, its a nice wrap to the dead market we've had for the past 2 years. I'm excited for 2024 in crypto!
by crypt1d 3y ago
Happy to see this whole thing finally coming to an end, its a nice wrap to the dead market we've had for the past 2 years. I'm excited for 2024 in crypto!
- rideontime 3y agoWhat makes you think this is the end of anything?
- crypt1d 3y agoThe rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.
- yscal 3y agodo the recent Kraken charges change this sentiment at all?
- artursapek 3y agoCoinbase has been charged with more or less the same thing since this summer. The SEC is grasping at straws at this point.
- crypt1d 3y agoNot really. SEC investigations are civil, not criminal. They might end up paying a fine, but there is no risk of jail time or anything similar. Also, while I like Kraken as an exchange, its market share is not significant enough for it to matter in the big picture.
- dragonwriter 3y ago> SEC investigations are civil, not criminal. SEC investigations address both aspects, when it gets past investigation to litigation, they do civil litigation themselves and refer to DOJ for potential criminal prosecution.
- ratg13 3y agoPay no attention to those stablecoins over in the corner. The name implies they are stable, what more could anyone want?
- tucnak 3y agoYour optimism is fascinating & inspiring. Perhaps one day it would mature enough for GNU Taler and the like.
- Enogoloyo 3y agoLight to final blow against crypto the horrible CO2 production and the annoying get rich apps. Let's hope it dies sooner than later.
- artursapek 3y agoYes, it's so nice how the traditional finance system has no CO2 emissions
- Enogoloyo 3y agoThe classical financial system has much less CO2 per transaction and more features. It's the perfect finetuned and still optimized PoS system.
- asterix_pano 3y agoThere are now lots of efficient cryptos and some that can run on a single wind turbine. But I am with you, hoping the energyvore ones die as fast as possible.
- play_ac 3y agoThe efficient ones are still outright scams if not blatantly illegal. All cryptocurrencies should die. After more than a decade it's clear by now that blockchains are a useless technology and the investors are getting more and more desperate to pass the bag.
- toenail 3y ago> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry Lol. Tether imploding anyone?
- jgilias 3y agoThat’s pretty unlikely to happen at the moment though. I’m far from a Tether fanboy, but in this interest rate environment they are likely making boatloads of money just by sitting on a nice chunk of T-bills.
- vkou 3y ago> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. What, is the giant ticking timebomb of the USDT money printer not likely to 'negatively affect the industry'?
- scrlk 3y agoI'm curious to see how BTC will fare. We've only seen the 4 year halving cycle play out during a secular bull market so far.
- landemva 3y agoThere were reward halvings in 2012, 2016, and 2020. I thought the 2012 halving was the most uncertain, as it was the first and the market had little liquidity. https://www.fidelity.com/learning-center/trading-investing/bitcoin-halving https://www.fidelity.com/learning-center/trading-investing/b...
- esafak 3y agoFTT to the moon! Oh wait.
- SilasX 3y agoActually ... since the trial ended, FTT went from ~$1.2 to ~$3.5 and has stayed up. I have no idea how these people expect it to pay out. Even if FTX restarts, they will almost certainly cast off such liabilities with the approval of the bankruptcy court.
- fallat 3y agoThe current crypto market activity has nothing to do with crypto news. The macro-economic state of the world is one where everything is going up.
- nprateem 3y agoMore specifically now you can get actual real money by putting your savings in a bank account (and most people are struggling to pay the increased cost of living), there's less incentive to throw it away in a casino.
- psychlops 3y agoI suggest spending some time understanding why the cost of living went up. Clearly you live in a place with a relatively stable currency (for now).
- nprateem 3y agoWhat's that got to do with it driving people away from speculative assets?
- acdha 3y agoA lot of the inflation seen in the U.S. is corporate profit-taking such as when the automakers used the chip shortages to steer buyers towards the highest-end models they prioritized for production while less profitable models were back ordered. That matters because cryptocurrencies don’t help at all with the inflation consumers are seeing, while adding more personal risk and an exchange rate to arbitrage.
- umeshunni 3y agoThat's not how inflation works.
- ryan_lane 3y agoThat's _part_ of how inflation works. The current inflation cycles is numerous different issues compounded (corporate profit seeking, money printing, supply chain issues, extremely high employment rate, pay increases). I know crypto bros like to say it's only money printing, so they can point to their fake money and say "you can't print money here", but the world isn't so simplistic.
- Aaronstotle 3y agoTether is the last domino
- ryan_lane 3y agoThis is how the greater fool market continues to flourish.