Today I saw the news and to be honest I felt very... angry at first. The news is that SEC, CFTC To Focus 100% On Crypto In Dedicated Hearing Next Week, for those who don't know SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) are regulatory entities and their job is to regulate and oversee. The last thing we need in this brutal bear market is more FUD and regulation talks.
On the other hand if we think about it, regulation means even more institutional money. It is unrealistic to think that Bitcoin will fly under the regulatory radar forever, it's happening sooner or later. It's been more than 10 years since Satoshi's whitepaper and with a market cap of ~460B cryptos are hard to be ignored. The hype is for real.
However it is still pretty unpleasant to see Crypto getting more and more negative attention. A lot of people are bleeding badly at the moment and this kind of FUD can really worsen things A LOT. If you have been following my blog, you know that I am all CASH with my trading capital. As far as for my Long-term holdings - I am holding and most likely will hold for many more years. I will ride my winners, a bit of FUD won't break my commitment to these projects.
Andreas Antonopoulos On Bitcoin Regulation
I watched this video and it makes a lot of sense. Tomorrow I will write a full article with more facts on this regulation thing. Watch this video and rest assured, blockchain will change the world !
Interesting to see who takes advantage of FUD opportunities..
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Most likely the believers in the technology
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Hello Nakamoto!
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what's really happening in crypto market? The market cap tumbling down towards $350B. But the DGD (DigixDAO) only moving up how it possible?
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Digixdao is backed by gold :) thats why its not plummeting
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