Want to know why there isn’t a crypto ETF approved yet? We just saw $100 million of Bitcoin dumped on the market in less than 10 minutes. It caused more than a 5% decline in BTC price. Some argue volatility, others argue manipulation. The truth is no one knows.
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Replying to @APompliano
One could argue this is why decentrlized markets dont work in a sense. More blood and we will see folks crying for a centrilized market
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Replying to @bechokoy_betts @APompliano
Then why would they ever come here? The whole reason I'm here is this exact thing. Volatility is what makes this fun. IMO
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Replying to @bill_hugall1 @APompliano
I agree. But when others dont invest resposibly and lose everything they will beg for centralization.
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Centralisation won’t help an irresponsible investor invest responsibly. Only proper financial education can do that.
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True you cant fix stupid only the individual can do that. But it does keep uneducated investors out. Having to go through a broker to buy. Try investing in a hedge fund or anyfund with just 20k-50k.
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Well, them the breaks. I know that many of the investors you're speaking of are sitting in front of the TV right now not paying attention. I think they should stay out because if they don't, we are all going to try to take their money.
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I agree everyone needs to accept the consequences of their actions good or bad. But when enough people lose regs follow.
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Regs follow and create more barriers to entry for new blood. Nanny economics create the environment for monopolies (aka centralization).
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Replying to @BitcoinRealest @bill_hugall1 and
I agree. But if decentralization really worked id be able to drive my un registered car whereever i wanted without a seatbelt without a license. The more time that goes by people sacrifice freedom for security.
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