Why the crypto world is on the brink of a breakout

in crypto •  7 years ago  (edited)

I just want to give everyone a heads up that we are on the verge of a monumental uptrend in more than one way and YOU are here early. Yes, you, the guy that bought in December and thinks you'll never recover from all your losses.

Let's go over a few of the things we know about.

Most of the top talent in the world are leaving their old tech/finance jobs and entering blockchain. . From hedge fund managers, to big bank (Goldman Sachs/ JP Morgan) execs, to Google execs. Give it a thought, why are the most talented and intelligent people in the world entering crypto?

Banks are moving into crypto (mostly behind the scenes). First they ignored crypto, then they laughed at crypto, then they attacked it by calling it a "scam." Now they're acquiring exchanges (Poloniex), setting up trading desks, investing in projects (Digital Currency Group), and are in a race to get in before their competitors.

Custodial Services: I cannot overstate the importance of this. Coinbase is going to be at the forefront of mass adoption and are going to play a key role in all of this. They've recently been hiring INSANE amounts of management positions, engineers, and something around 500 new customer service reps. This is because they're about to roll out their custodial program where every credit union and some participating major banks are going to offer their crypto index fund to their customers. Baby boomer (and Gen X) Mom n Dad are going to walk into their local bank to talk to their financial advisor and he's going to offer them a new product that is extremely volatile, however, got a return of about 1000% last year. He's going to suggest 2-5% of their portfolio would be ok to invest and these coins are going to be insured; They will never have to trade for crypto or make accounts on sketchy exchanges to get them, just gets their broker to buy them like any other financial product.

The demand for OTC crypto is insane. This is why you see Gemini and Coinbase starting their own Bloc trading services. Why is there so much OTC demand?

Liquidity is about to blow up. If you don't know what liquidity does for markets/coin value, do a bit of research. The exchange union is coming, where the participating exchanges share liquidity.

Because of this future liquidity, traditional securities (company shares, bonds) and commodities will be represented by crypto. This one's going to take some time, but you can see the writing on the wall here. This is going to be where crypto is in full-fledged mass adoption-mode.

Unfortunately back in December/January crypto wasn't quite setup for the explosion that happened. Exchanges had to freeze trading, couldnt handle trading volumes , not allow new sign-ups, not enough service reps, low security on exchanges, and the tech in general wasn't quite ready but things are changing this year, 2018. Sit back, open a cold one with the boys, make love to your smokin' hot wife, go play catch outside with your kids, and enjoy yourselves because we're about to witness history - And you are all a part of it my friends. Cheers!

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I moved for corporate to crypto industry ..its exciting , its different and very interesting. there is so many new thing coming out...i just love it.

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