a crypto week to remember

Some relevant things are going on in crypto. We will not go into speculation and all kind of theories. Just remember this:

• Adoption accelerates. Indicators: BAKKT and Fidelity are getting close to offering market. That comes with regulation and - security. Good or bad, it is what many people want.
• Big Business smells money. Facebook & friends (like Uber, Visa and some others) are knocking at the door and they will be game changers. They bring a lot of people into crypto when they push. Good or bad? We are not facebook fans and hoped it would never happen.
• All this comes with a clean up: Bittrex and Binance cannot service US customers anymore. US authorities put a lot of pressure on the circus of altcoins. We do not mind seeing a lot of coins and exchanges out of business.
• Integrators (like Celsius Network) increase market share. This is a good development since it offers customers real value.

Some in the crypto community are not happy and interprets all events as the takeover of the space by centralized institutions True is that we are a very long way from the original ideas.

The biggest question in the market: will this send BTC to record heights or will it replace BTC altogether. Recent rates suggest that some crypto will survive and even be in for dramatic price increase.

We spend the last weeks to liquidate small assets and to limit our positions. So far that was the right decision. We are also out of ETH We never liked it and do not expect it to go anywhere in the end. Of course many people say we are 100% wrong about this. So be it - it's just a choice. For us the time of experimenting is as good as over. We made choices and follow closely if that works and if better options arise. The market seems to get some shape - but it is still crypto and crazy and unexpected things can happen.

A final note on centralization: we'll have to live with that. Some companies are really good and well regulated - and offer concrete benefits to customers. If you want to remain "decentral" that is still possible. Why not have the best of both worlds. The whole aspect of anonymity we left already long time ago. All that is digital can be traced and to trust you are anonymous somewhere can be a fatal mistake. You use hardware, software, devices and have an ISP. How do you know you are anonymous? Most people simply leave traces. When money is made, government wants a piece of the action and they have many ways to enforce that. Of course we think it is excellent there are developers doing all they can to create privacy. We encourage that, we do not like the meek surveillance frame of mind. The point we make is simply that the odds are you are outsmarted when it comes down to it. Never think there is no risk, there always is.

<br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://cryptmove.com/2019/06/16/a-crypto-week-to-remember/ </em><hr/></center>