7 More Thoughts On Crypto After Another Five Months Down The Rabbit Hole

[Bitcoin_Talk]

1. Nobody Knows Anything

2. Bitcoin Is A Confidence Game, Utility Tokens Are Awesome But Legally Challenging, Security Tokens Are Going To Be Huge

3. Blockchain Technology Is Going To Be A Disruptive Force Across Industries

4. DECENTRALIZATION Is Potentially The Most Disruptive Force

5. It’s A Bubble….So What

6. Governance Is The Biggest Risk To Bitcoin

7. Don’t Hate The Haters. Love The HODL’ers

[thefaucetrunner]

I agree that's crypto has been a bubble, but it has been undergoing a correction and once the downtrend is over, it can start accumulating sustainable value.

[awazieik]

Love your thoughts on the crypto industry. Yes you are right that nobody knows internet; we can only study patterns and try to predict the future but humans are difficult to predict which is why education is key. One should keep studying the industry. Utility tokens have a long way to go. I would not give up on them just yet. The crypto market is in its infant stage and i expect a lot of evolving to take palce

[exul]

Thanks for your opinion, though we share different opinions, but I hope your opinions will help me to research more about Crypto, and I will get benefitted from that.

[rezurect]

I agree that's crypto has been a bubble, but it has been undergoing a correction and once the downtrend is over, it can start accumulating sustainable value.

Shouldn't bitcoin go back to a few cents before you can call it a bubble?

[roxxy]

Exactly. It’s impossible to predict things. It’s all confidence game. I will always praise the HODL’ers. Actually Governments are too afraid to take any risk. They are playing diplomacy here. Good thoughts, appreciate it.   

[echeverialavi]

"4. DECENTRALIZATION Is Potentially The Most Disruptive Force" – care to elaborate here? I somewhat agree with all of your points, but I'm interested to hear what you have to say about the "bad" side of decentralization.

[Eternu]

Crypto is a bubble... for now. Most of crypto are made to be currencies, and when people stop using them like they are assets and start using them for what they are made, bubbles will stop.
But I agree that governments are biggest threat for crypto. A lot depends from their decisions. But I guess that all out ban of crypto is almost impossible, because there are positive sides of crypto from which governments could benefit.
7. Don’t Hate The Haters. Love The HODL’ers - I'm not sure I agree with this. It would be bad if people only kept their coins. That would leading nowhere, but I guess its better to be a HODLer than a hater.