Many are feeling the pain of crypto Winter. The fallback in the markets is extreme. Of course, we might not be near the end, there could still be lower levels to go.
In this video we talk about the cleansing that is taking place. There is so much potential with both blockchain and cryptocurrency. We can truly create reserveless oprivate bank money without the banks. To achieve that end, the mania of price speculation has to pass. We also need the builders to take over.
▶️ 3Speak
I also do believe in such potentials you're talking about , thanks taskmaster for passing some positive vibes when red signal found in crypto world.
There is a lot of positives to bear markets. Ignore price and they become a lot clearer.
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There are two very important points about which you talk about the cleaning of Cryptocurrency holders and also about price speculation. Topics to be discussed in greater depth
Price speculation is not a long term builder of an industry. It requires a lot more than that.
Right now, we are clearing out the excess and the projects that are truly building will emerge at the forefront.
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We’re holding on and not afraid. If Bitcoin drops much lower, We might have to beg, barrow or steal to by more. I believe when it starts going 🆙 again it’s going 🆙 big time.
The markets do provide opportunities for those who have long term vision. For those who believe in Bitcoin's future, it is hard to argue against accumulating at these prices.
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Exactly. We put several thousand into it for my son’s future. He’s only 4. I know he will have some money when he’s 18. 😉
Love it.
$0.10 USD? Not yet. Today it is around $0.33 USD and $0.37 USD. Of course if it will go down to $0.10 USD, then I will buy some.
I think the point is it could get there.
HODLers will win; buyers at lower prices will really win.
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I wonder if we can get to a point where people will not be so speculative with prices. Sadly though, with all the big money in these things and looking to screw people as much as they can like with Terra, I don’t know how close that is to being possible.
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Well markets exist so people can speculate so that never leaves. It is also why crypto (as we know it) will never be a medium of exchange. Those speculating will always be overwhelming. Stablescoins will likely end up filling this purpose.
However, the impact can be lessened. After all, people do speculate on USD but it is a small portion of the overall transactions tied to it. For that reason, it has low volatility compared to a lot of other things.
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I agree. There needs to be more projects that fail so the money can get redistributed over to better projects. We need better projects that can change the current structure.
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It is all about resources. The more spread out things are, the slower it goes.
Not only money but talent needs to be directed. The bear has a way of doing that.
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I know it's going to be great to learn some tactics. Thanks for sharing
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STOPYou are right man.