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Is this the end of cryptocurrencies?

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@piensocrates
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All the fuss that has gone on in the crypto world since the FTX debacle has produced a scenario of unpredictable long-term consequences for cryptocurrency regulation topic, which may somehow have the effect of delaying mass adoption of the same in the future.

Why do I say "Delay" and not "Cancel"?

For the simple reason that I fervently believe that cryptocurrencies are here to stay, and because I know that no matter how hard they try to boycott them, they will have their place in the future (as indeed they already have their place in the present).

So, cryptocurrencies like Bitcoin, Ethereum, HIVE and many others will have their place assured in the world of the future, in the finances of the future. This will take place in a world in which many things will have changed in relation to how they are today, from the mentality of the people, to regulations and applications in many ways.

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By then, there will be many more cases in the history like the FTX exchange, there will be thousands of cases like the TERRA one, and many other scams; but even that will not have been able to tarnish the good name and purpose of cryptocurrencies like Bitcoin, HIVE, Ethereum, Bitcoin Cash, Polygon, and many others, because these will have more than proven to be serious and solid projects; and because the implementations will become more and more abundant in the future.

What I mean by this?

That although millions of people think of cryptocurrencies only as means of payment, in the future, most of the world will have realized that cryptocurrencies are much more than means of payment, they will understand that they are applications and computer developments applicable to all levels of life of the human being in society.

By the time all this happens, all the volatility of the markets in the crypto arena will be a thing of the past, because most cryptocurrencies will be more robust, even if they are not stablecoins. So much so, that it is very likely that many of them end up being stores of value, almost comparable to commodities such as gold and silver.

Then...

Is this the end of the road for cryptocurrencies?

Clearly I think not, I hope not, and I am sure it is not. So I personally will heed that old adage "Buy when everyone is panicking" and "Sell when everyone is frantically bullish." Because the prices of the cryptocurrency market are not currently moving because of what the cryptocurrencies are really worth (does anyone believe that Bitcoin is really worth $16,500?), but by pure and mere speculation.

This means that the crypto prices in the market are moving only because of the action of the whales (mainly), and what we all scared minnows do (secondly); which, by mere definition, makes us see and understand that a project can have a projected future value of millions of dollars, but currently it can have a market value of only about $16,500 (as in the case of Bitcoin).

Those of us who understand this reality will put panic aside, and we will finally end up being the millionaires of the future. Let's never forget all of this.

In conclusion! This is not the end of cryptocurrencies. Bitcoin may even fall to $11,000 and it will not be the end of cryptocurrencies yet, and even more, we will see a rally and new highs in the future, that at least is my perspective regarding everything that is happening in the crypto markets.

It is true that cryptocurrencies are much more than Bitcoin, but no one will deny that being the most relevant cryptocurrency on the market (and the pioneer), it is the benchmark for everything else, and therefore affects almost all other cryptocurrencies through their behavior.

What do you think about the topic discussed? Please comment.

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