In this video, we talk about Chris Giancarlo's Friday Tweet about Fintech. Along with some other cryptocurrency market variables in play. My outlook in crypto and these altcoins is to be patient and be willing to wait it out until the next run.
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Nice post - thank you Jeff!
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The recent market movement is a good thing as people with weak hands have left and will not be there to sell in the future. Price discovery is always a process that takes time when new players rush in. As you say, start making a list and scaling in is the best approach over the long term.
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agreed, scale in!
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I think the big banks and govt's are behind the cryptos. They want the currency to be digital and transparent. Plus they know the old system is broken. In 2008 the world felt the broken system. They knew they had to do something, but they couldnt say "hey our system is broken", the world would really go to shit.
So they secretly usher out a crypto and let free market run and see what transpires and how free trade improves the final product. Once they see how they can benefit above the people they will than regulate the shit out of cryptos and the only left standing cryptos are going to be the one they control with complete transparency.
BUT
A transparent blockchain keeps them from being fraudulent.
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