Following my yesterday article on "The coming rise of privacy coins", today I want to talk a little about what is really happening at the moment and how I see the near future evolution of the crypto market. For those who are in the field already a long time, you all have noticed since July the market is not at is best. For sure we have seen some good growth and also some big fall. Of course, some are the result of "pump and dump" from large fish, but here I would like to take your attention in the last two months. All of us have already noticed the last two-month pattern. In fact for two-month now we see the market green for a few days (rarely more than 4 days) than it goes red for some days (sometimes for 5 to 6 days) and the same thing happen again and again every week. This is not the consequences of the weekend but more about what is looking like a global politics with a agenda. let's look at it closer, I will not mention the hard forks who also can have an effect on the market. In the month of August and September, the market has suffered from the Chinese ban on ICOs, followed by some rumors, then again the Chinese ban on Bitcoins exchange, JPMorgan Chase Bank false announcement, then the South Korean regulation on ICOs and today the Swiss lawmakers are now working on how to regulate ICOs and soon another country will also get into it and another one .... What it is said it is for make sure ICOs were not used to laundering money and also fight terrorism, we all been used to the song of money laundering and counterterrorism when it comes to taking some of our freedom, and always made in the name of freedom. Only stupid people can believe in such a lie, but it works and still working on most of the population. What is driving all those government to suddenly start to make laws? The fear of losing their power. The fear from the banks to see your money invest in a way it can benefit you instead of them. The fear of a growing awareness in people minds about a better system which benefits the people and not the elite of the old and corrupted system. The fear for them to see the collapse of their system in a way that is out of their control. Anyway, they are well aware of the fact that their system is coming to an end soon, but for the moment they are prepared to it and if it collapses in the way they already design it, they will get the full benefit of it when normal people will suffer and die from it. So this is why they are implementing more and more rules country after country, it is still going slowly but fast enough to bring the crypto-currency market to more red days than green days and it is designed to drive people out of the crypto world. We already see how this kind of rumors plus announcement and false announcement can drive the total market cap down of 80 Billion dollars in two days. Even if the crypto trader is well aware of how to react in case of FUD or any announcement it is still a big problem to prevent mass adoption. This is why yesterday I encourage you to buy gold and silver (not by contract but real gold and silver) and also to buy privacy coins. I am really interested to hear what you are thinking about it and what are your recommendation.
Love and Happiness
@ricko66e
I do love crypto but I also hold Gold and silver.For Silver I have chosen to buy in the form of old coins. The reason for this is that they are rare, and thus the value doesn't solely rely on just the value of silver.
Silver is one of the most undervalued commodities on the planet. The problem is that it is heavily manipulated and as long as the banksters continue with the dumping of contracts it will remain so.
However, things are happening out there. China has created their own gold exchange with real backed gold. Even though long term I see crypto growing bigger and bigger I don't think the gold and silver market will fall too much, and the added competition from China to make their own Gold market will put pressure on comex.
I think physical gold and silver will always have its place on the market, despite the development of cryptocurrency. I especially think so because a lot of blood and money have been put into many countries gold reserve so they definitely have a good reason to retain the value of gold and silver.
I definitely think a combination of both precious metals and crypto is a good bet !
Yes, Gold and silver, as well as gems, will always have a big place in the market. In the end, when everything is down to the ground it is the only value that can buy everything. But sure crypto is also a good investment.
You can’t stop something that cannot be stopped, they should find a way to use cryptos for their interests instead of fighting this.
Money laundering and all that chat about financial security is just the way mainstream media wants to describe bitcoin discouraging little investors.
The banksters are the real terrorist
Sure the banksters are the real terrorist but the government are already on the way to using their centralized crypto. I wrote an article about it too. Thank you. https://steemit.com/cryptocurrency/@ricko66/time-to-stake-some-crypto-currency
Regulation is good, many of these ICOs were scams taking advantage of stupid people.
Regulation is good to a certain point, now it is the beginning but after the ICOs you will see more coming and not for protect us.