Hey everyone! Time for a new video idea. Here, I talk about my own personal thoughts and opinions. I also discuss price analysis for Bitcoin, Ethereum, Litecoin, XRP, XLM, and briefly BAT and LINK.
There's more I want to talk about, so I will be making a part two! Stay tuned.
This is not financial advice. This is purely my opinion and should be used for education/entertainment/speculation only!
You sounded worried with something in the start, what do you think will be the future of cryptocurrency with all this big institutions and rich people coming in?
VictorCobra
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@JacintoMonteiro, Yes. I think there will end up being a separate crypto economy that refuses to adhere to regulation, but it will probably be less liquid and revolve around privacy coins. My hope is that it would be more openly distributed as well. NANO is doing something interesting there (look at WeNano). But exchanges and most crypto-oriented projects will want to bend the knee in order to maximize profits (people are greedy, after all). A good indicator of what will happen is how the market would react to a USDT lawsuit (we've already seen what happened with XRP).
-Victor Cobra
JacintoMonteiro
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@VictorCobra, Thanks for the answer and detailed info! I understand what you say and wish things go for the good other than use cripto to do the bad things all over again. Is there a possibility that this XRP lawsuit, and others in the future to other coins, might be planned dirty move to enter as lowest as possible? What i mean, is that we can use real life methods and instruments to affect the price of a particular cripto coin in some way. Do you think this is what is happening to XRP?
abel11
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Easy to understand, thank you for sharing
friedfinance
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you are misguided about the morals and ethics about distribution of wealth. Is up to the individuals and not states, to work, study and research how to improve their own lives. Distribution of wealth is an inmoral concept as it implies stealing from some to give to others. Bitcoin prevents the government devaluating everyone's wealth, which is a consequence of government stealing.
VictorCobra
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@friedfinance,Thank you for your comment. I get this reasoning, and sometimes find myself conflicted about it. But I don’t think a world where people don’t help each other can sustain. You’re suggesting people take the time to work, study, and research, but lack of wealth prevents people from doing these things....even if they have the motivation to do so. I’m in school studying these things from a social work perspective, with a lot of historical data to back it up. I don’t think I’m misguided, as many people share my opinions.
Sure, some people feel trapped and haven’t been able to find meaning in their lives (or even don’t want to actively contribute to society) but I also think that’s frequently a result of how our society is built now, particularly with technology taking over. It’s complex, and I’m aware of the different perspectives.