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Author Topic: Great take on market narratives by Tony Sheng  (Read 44 times)
Richurd
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September 12, 2018, 08:15:01 PM
 #1

https://twitter.com/Bancor/status/1039906732284235776
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September 12, 2018, 08:24:02 PM
 #2

Quote
"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods. https://ban.cr/ShengNarratives"
Better insert quote tags so I don't get accused of something..

Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over?

Sounds like it and I completely disagree..

He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative..
Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ??

Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen..
Like some authority is going to tell us what ETH is and is not worth, lol..

 





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Richurd
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September 12, 2018, 10:56:37 PM
 #3

Quote
"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods. https://ban.cr/ShengNarratives"
Better insert quote tags so I don't get accused of something..

Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over?

Sounds like it and I completely disagree..

He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative..
Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ??

Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen..
Like some authority is going to tell us what ETH is and is not worth, lol..

 

I think that valuation methods can be taken by non-governmental entities. So, we don't exactly agree on that, but I don't know where else regulation would come from.
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September 13, 2018, 10:15:59 AM
 #4

Quote
"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods. https://ban.cr/ShengNarratives"
Better insert quote tags so I don't get accused of something..

Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over? Sounds like it and I completely disagree.. He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative.. Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ?? Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen.. Like some authority is going to tell us what ETH is and is not worth, lol..

 

The narratives should have nothing to do with the government. The government does not care about Eth or any cryptocurrency for that matter because it is even a big source of regulatory headache to them...am sure that deep inside many government officials are wishing that cryptocurrency was not born at all as it is in fact a competitor of the power they have in their hands.  In my view, the market can creative the positive narrative for Eth but sadly what we are hearing now is the other side...the negative side that is why Eth is falling but let's hope that soon this can be reversed.

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September 13, 2018, 05:58:55 PM
 #5

Quote
"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods. https://ban.cr/ShengNarratives"
Better insert quote tags so I don't get accused of something..

Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over?

Sounds like it and I completely disagree..

If that what's his trying to point out then I also disagree with him.

He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative..
Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ??

Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen..
Like some authority is going to tell us what ETH is and is not worth, lol..

Regulations is just one piece of the puzzle. Of course narratives will fuel the market, we have seen this in the past and its either work in favor or against us. ETH dramatic fall has something to do with ICO's dumping as fast as they are being born every minute. The closest thing we can see government entering the picture is regulations, but I doubt it can put a dent for the long run. For me, ETH still has the fundamentals with its Dapps, but I would say that ICO's and EOS attach are partly to blame for its massive declined this year.
 

eddie13
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September 13, 2018, 09:04:49 PM
 #6

Quote
"With $ETH price dropping below $200, @Decentraland's @TonySheng says narratives will continue to fuel #crypto market trends in the absence of clear regulation and valuation methods. https://ban.cr/ShengNarratives"
Better insert quote tags so I don't get accused of something..

Do you think what he is trying to say is that the only way for ETH to quit dropping is for the government to take over?

Sounds like it and I completely disagree..

If that what's his trying to point out then I also disagree with him.

He has a point about the narratives driving the market, but regulation and valuation? would just be another part of the narrative..
Like wtf, Do they want the government to say "Ok, ETH is worth $500 today." ??

Well that might sound dandy to some but they are never going to say that it's worth $20k because they wouldn't let that happen..
Like some authority is going to tell us what ETH is and is not worth, lol..

Regulations is just one piece of the puzzle. Of course narratives will fuel the market, we have seen this in the past and its either work in favor or against us. ETH dramatic fall has something to do with ICO's dumping as fast as they are being born every minute. The closest thing we can see government entering the picture is regulations, but I doubt it can put a dent for the long run. For me, ETH still has the fundamentals with its Dapps, but I would say that ICO's and EOS attach are partly to blame for its massive declined this year.
 



Right, but if the ICOs are to blame for atleast part of the crash then they must also be to blame for atleast part of the pump correct?

So to me that means that ETH needed them to get that high in the first place..





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September 14, 2018, 06:52:23 AM
 #7

I do not agree when market trends must be regulated by government regulations. this has violated the basic rules of crypto which are decentralized. but if the regulation is a utility such as tax imposition, it is still reasonable

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