FTX is going through crypto like a wrecking ball and this is terrific.
In this video I discuss why we are now in much better position than we were a couple weeks ago. The carnage is going to hurt for a while but, in the long run, crypto is much better served.
▶️ 3Speak
It is just a continuity of what had happen this year that really affected financial markets with crypto being the front runner of capitulation. A small hint of getting back to where we should position our bags in preparation for the next bull run. Maybe for the next 2 years, people will see what's the real deal of web3.0, Hive as a great contender.
Currently many people see only the scams and frauds in cryptocurrency, and somewhat I can understand them. Especially if their first contact with cryptocurrency was with FTX.
That is because they look at crypto as financial and not technology.
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I am sure that most people look cryptocurrency only from the financial aspect. Only a very few people care about and understand the technology behind it. Most people do not even want to understand it. They only want to use it. And this is true for most technologies too. Probably for technologies in general.
Web 3.0 requires a lot of development so you are right, it is atime thing.
Hopefully people will start figuring that out.
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Hive is way better than BTC and I agree that getting rid of FTX now is better than getting rid of it later. We had billions lost but if there were a few more years on it, it could have been hundreds of billions.
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The centralization of the industry is a cancer. We have to watch that topple.
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I’m working on a post for this topic, won’t be awe-inspiring perhaps but I feel the same thing. The venture capital funding was nice to see for all time highs but it was detrimental for things as a whole. I guess the only good thing is it’s gotten more people to see and dabble into crypto but it’s caused trust issues too.
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Bear markets clear out the excess.
We are seeing it in crypto.
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Amazing video
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Honestly I don't think having the weak projects and scams fall weakens crypto as a whole. It's just like anything else, you have your solid investments, and you have your boom and bust ones as well...
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