Is crypto era over?

Not sure what you mean by era? Crypto is certainly not finished, if that's what you meant. There's far too much work going on in the space for it to disappear. Its future seems inevitable, but no one knows the timeline.

As for whether this is the end of this bull run, no one knows. Macro conditions are causing a lot of volatility across lots of asset classes right now, with riskier assets taking a bigger hit.

Decent read.

This is the dumbest **** I've ever read. FIAT money and pensions are also massive Ponzi schemes in that case.

Ah shur it had to end at some point

Anyone joining the Crypto Ponzi scheme now is very foolish. Listen to the latest David McWilliams podcasts if you want to understand Crypto. He nails the lunacy of the scam.

In my view crypto is overdone right now.

A lot of the inflows of money over the past few years has been money seeking higher returns due to lowering interest rates.

Now interest rates look like increasing, some of that money is being pulled out of crypto.

I can see some bigger coins having big falls as rates go up.

This is the 435th time that Bitcoin has "died". 😉

https://99bitcoins.com/bitcoin-obituaries/

With high volatility you get either huge gains or massive losses. That's the beauty of crypto.

It will harden you up over time to the kind of drops you can take, this is nothing, now another 50% drop and then we'll be talking.

Those in 6 figure hell holding crypto assets are hardcore.

As regards ponzi, buying stocks, gold, silver and other assets is basically the same thing. FUD is designed to shake out the paper hands.

I like McWilliams podcast generally but his crypto stuff is very surface level and a bit dated. He's been trying to bait people a bit on twitter, then declare crypto heads as touchy and I couldn't see a whole ton of people reacting.. at least directly on the tweet. He's covering it cos it generates clicks. This is why he's covered derelict property about 6 times in the last two years.

Latest podcast he backed off his negativity about Bitcoin in the last episode. Just said he was warning people to be careful with it for the next while. Which I wouldn't say is terrible advice at this point in the market.

Blockchain tech is going to be useful the way I see it. But it's maybe going to be slower executing on its promise than I initially thought. I'd still say its probably the best thing you could do with your money if only stable farming cos putting it in a bank account doesn't have a ton to recommend it and the property markets has potential to put you hundreds of thousands in the hole faster than crypto if you time it poorly.

Good posts on McWilliams above, most of which I'd agree with.

A problem I'd have with him is that he presents his arguments in a very self-confident manner as if the rest of us just need to catch up with his perceived wisdom and everything will be grand. Crypto and money are complex topics that can't be distilled into easy soundbites. His latest article in IT and related podcast about how crypto can't be a currency (inspired by a Stephen Diehl article) is so outdated it's laughable.

Another podcast I listen to is The Other Hand by Chris Johns and Jim Power and they've been pontificating about crypto too but at a very superficial level. They've started to mention the BTC price now in their bi-weekly podcasts and disparage it in the context of its volatility, but neglect to mention its price rise since March 2020, or 2008 for that matter! To me it's clear that they don't understand anything substantial about crypto.

Shh. Get in while it's low.

For the tech.

imagine Samsung announced it was going to make a console to rival PlayStation and Xbox, billions invested on this new cutting edge tech and then after 5 years they decided not to release it, so say fûck it , we will sell the tech and try get some of the money invested back, Sony & Microsoft would snap it up to complement their own research, same thing going on here.

You been working on some complex problem and here is a solution you can just buy and save years of development, why would you not buy it if you could afford it?

Imagine you had a team working on the following and a ready made solution was offered to you, be mad not to take it and move on to the next step, get a lead on your rivals developing a similar project. First to market advantage and all the benefits that brings

Crypto isn't going anywhere and I have mixed feelings on it if I'm honest. While I do agree that many coins are a scam and should be avoided some have genuine revolutionary concepts behind them.

Bitcoin could be a pan global currency that can be used in times of uncertainty and protect individuals against a rapidly devaluing currency.

Ethereum is trying to incorporate smart contracts that basically code into the blockchain.

The space has obviously expanded massively since and the ideas that are generated by some brightest people around are not going to go by the way side. Smart people who are passionate are going to make some good stuff.

Adoption will take time of course and who knows what and how long it will take to be used broadly.

Crypto is becoming the next dot com bubble at the mo - there is massive amounts of money being poured into it - lots will lose all their money and this includes big big companies etc. Personally think HEX and ADA are highly risky tokens, many tokens were on their way to the moon only to crash land and never be heard of again...BTC continues onwards, ETH should as well but history says it's not guaranteed. Metaverse is interesting, NFT's all look scammy but could lead to digital identities or something of a similar ilk or could be all nothing next year

But crypto is here to stay, it's maturing, the cream will rise and on the back of those other avenues will open up with wiser investment and not just pumping into what someone with more money than sense thinks will be the next big thing. There are too many big companies involved for it to fail completely

Too many people look at the sh*t coins and think that's what it's all about whilst most in crypto know better, scams (nothing to do with crypto) have been happening way before crypto, continue to happen and will never stop

Defi is a great real world application too but regulation uncertainty is holding it back from being more widely used.

International transfers has been game-changing for me too. What used to take 3-6 days, now takes less than an hour.

Western countries care more about the day-to-day price of their coins, but real world applications will benefit poorer countries first.