Anti-FUD: Why Your Cryptocurrency Hodling Is Going To Explode!!!
If you have cryptocurrency, as long as it is not a total scam token, congratulations. That token is going to absolutely explode in price. You are going to see multiples that will make your head spin.
This is a pretty bold claim, how can I make it?
It is always interesting to see what people choose to focus upon and what they totally overlook.
Last week, Coinbase bought a financial services company. This entity is a fully registered dealer. In the world of finance that means they can partake in the buying, selling, and issuing of securities.
Asif Hiri, who is the president and chief operating officer of the exchange, said:
"If everything is approved, then soon Coinbase will be able to offer securities through a blockchain. At the same time, all activities will be completely legal, as it will be under the control of the US Securities and Exchange Commission."
https://uniton.io/en/news/Exchange-Coinbase-Buys-a-Financial-Services-Company
So why did Coinbase do this? Is it to trade the tokens they are already engaged in? No. They are already doing that and completely in compliance.
The reason is this bit of information that came out also.
“Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin,” Clayton said. “That type of currency is not a security.”
“A digital asset where I give you my money and you go off and start a venture, and in return for giving you my money you say you know what, I’m going to give you a return, or you can get a return on the secondary market by selling your token to somebody – that is a security, and we regulate that. We regulate the offering of that security, and we regulate the selling of that security.”
https://finance.yahoo.com/news/sec-not-changing-securities-rules-004548315.html
These comments were made by the SEC Chief Jay Clayton. The part to focus upon is the second quote.
And then there is this.
Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the Currency (OCC) and registration as a brokerage and trading venue with the US Securities and Exchange Commission (SEC). The news comes from a Bloomberg report today, June 6.
So what does this all mean?
Newcomers are positioning themselves to become securities dealers. This point is evident. It also means that entities such as NASDAQ are not going to sit back and let the newbies take all their business.
Basically, we are watching the complete paradigm shift of the world of finance. This is the onset of the tokenized world (or tokenized economy). Securities are changing right before our eyes and these moves are a big part of it.
Too many people focus upon the commodity tokens. What is Bitcoin doing? This has nothing to do with Bitcoin as the SEC Chief stated. It really has nothing to do with STEEM, BTS, EOS, or Ripple. Nor does it have anything to do with the ICO of some token on a blockchain to post MEMEs.
What this is really about is the tokenization of the future earnings of Apple. Or the Trump golf courses being tokenized. Or the sales of the tokens for Manhattan Real Estate. Picasso? Tokenized. Mining rights on some asteroid? Tokenized.
This is all about the hundreds of trillions of dollars in Security Tokens that are going to sweep the world over the next decade. It is going to take the real estate, equities, commodities, art, and and derivatives markets and mash them all together.
How does this affect your hodling in STEEM or any other token?
This is the power of Wall Street being unleashed. We are going to see a buying frenzy taking place over the next 5 years that will, at a minimum, rival the dotcom year of 97-00, if not exceed it. Every boat on this ocean is going to be lifted. Irrational exuberance is a wonderful thing if you are ahead of it. And we are.
If you want to see what is really going on, stop looking at the currencies we discuss on a daily basis. They are an ice cube on top of the berg that the Titanic hit. Maybe the currency and utility tokens have a cap of $15T or $20T over time. That is a drop in the bucket. The move from non-liquid assets to liquid is going to see a shift of hundreds of trillions of dollars.
What is very interesting is the move towards compliance and centralization. This makes sense to me since I believe it is a phase. Ultimately, an outfit such as the SEC is nothing more than third party verification entity that will be replaced. Hence, we will see all this shift to decentralized exchanges over time.
For the moment, the industry is at the point that it still has to deal with these clowns, so it will. One thing to count on, banksters cannot help but to be banksters. Hence, once the games start to take place, the fraud, the high fees, the hacking, we will see many things shift to decentralized exchanges. There will come a point where blockchain is trusted more than the regulators.
Until then, have some patience. The Wall Street pump is about to start.
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So much good news but the price keeps goin down down down :(
Cheer up, at the rate you upvote yourself, you'll be loaded in no time at all!
AWE :(((((((((((((((((((((
Wow so selfish lol
hahaha
While the TA has yet to catch up, the fundamental analysis of the market is so extremely positive that I am constantly just sitting here waiting excitedly. Your sentiments echo my own exactly. I'm just waiting for this market to explode!
If it could come sooner rather than later that would be great please!
Thank you! I will HODL!
Do something better than HODL. Actually use the Tokens. :)
Use them to do what exactly?
Trade value. What they are for.
buy drugs?
Waste of money when all feelings are created from within your own body
What if drugs make me happy?
Owk personally, i think what coinbase has juat done is set to propell crypto towards a bullish run but the question is WHEN? We have been hodling for quite sometime now. We want to see changes in the system, we want to see even slight increaments but what we keep seeing are blood baths.
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett
As much as I dislike that crony, he makes a good point here.
Well, this is nice to hear! I know you're not supposed to ache at the dips but... I ache nonetheless!
What do I most need to understand about the tokenization aspect to be ahead of the game? Purely understanding crypto was incredibly uphill for me, although I did master that to the degree necessary.
But how do we get in at the ground floor of the token rush? Should we be trying to get our own tokens running? Do you have a post or a resource I could look at?
Thanks for the post of hope!
I think getting involved with quality projects is important. I love STEEM because it is a blockchain with a ton of development. That means we are going to see applications that really excite people. Just look at the frenzy Steemmonsters is causing.
It is only going to take a few tokens to alter ones life. I focus upon 3 or 4 that I am accumulating with another few that I just HODL like BTC, ETH, and LTC. I am not adding to those but not selling either.
It does seem that when the dip comes, we should be buying it. But, when everyone is wondering if it will go lower, or if it will rise at all, it is the educated that actually buy these dips.
For me, the slower and steadier it goes up, if you get in at this bottom, the higher and stabler it can get.
It is always great to get the words of encouragement from gurus like you though to soothe us through these corrections. Thanks!
It is indeed impossible for most of us, to buy the deepest dip. That's why, even in bearish markets, you should spread your purchases! Keeping some dry powder at hand, for if a deeper dip comes by! And even if you buy it on the way up, you still would have made a great purchase!
Cheers,
Peter
Absolutely agreed. It is SO hard to keep some fiat on exchanges when things dip but I do that. Seems I get in low but not the bottom. Hurts immediately but you forget about it when things reverse back up.
I just wish I had extra money to invest into my crypto fund right now!
Thanks for your always positive posts @taskmaster4450!
We really could use it in these red days. Time will tell if we made the correct decisions and choice the tokens which will survive!
Hope that the bulls finally arrive again! We all could use a boost of confidence!
Cheers,
Peter
"This is all about the hundreds of trillions of dollars in Security Tokens that are going to sweep the world over the next decade."
If anyone holds a decent coin that is undervalued the potential growth is ridiculous, that´s why we are so lucky already getting some STEEM.
10x, 20x, 50x, even 100x some coins! Good luck on your choices, but the odds of picking something correctly are greatly on your side.
I agree! Resteemed