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threezero · 05-12-2022, 02:29 PM

bitcoin has been ruining bitcoin before bank ever had a chance to step in. This is 1 of how many cycle now in cryto? All the while the rest of the world has been a single cycle prop up by the gise of "free market"

Crypto is more of a free market and efficient capitalism than any other existing market.

Inject of capital ->create a narrative to prop up valuation (ICO boom, defi summer, NFT boom etc) -> restribution of capital -> prop up more valuation -> everything balloons to a massive bubble -> all possible liquidity to inject into market as been tapped -> new narrative on market collaspe (macro economic, banning of crypto, stablecoin bank run etc etc) -> bubble burst -> valuation cascades down, liquidation everywhere -> cycle ends at rock bottom -> capitalist re-pick up their chips for pennies on the dollar -> cycle restarts, now its much easier to inject liquidity to push up valuation again with everything back at square one

Everything happens without the government to soften the landing, mess with the market thru monetary policies. Without social/moral constrain. Everything in crypto is base on $, relation of everything and every player in crypto is base on mutual monetary benefit because unlike tradition finance You can't just send a physical army after your opponent or fancy trick between nation to adopt x currency as standard

Its Pure and unadulterated capitalism, that is the wild west people refer to. For people that are fasicinated by money and economic. It hard to pull away.

05-12-2022, 02:29 PM	#4236
threezero OMGWTFBBQ is a common word I say everyday Join Date: Jan 2005 Location: Vancouver Posts: 5,185 Thanked 1,379 Times in 578 Posts Failed 96 Times in 53 Posts Member's Picture Albums	bitcoin has been ruining bitcoin before bank ever had a chance to step in. This is 1 of how many cycle now in cryto? All the while the rest of the world has been a single cycle prop up by the gise of "free market" Crypto is more of a free market and efficient capitalism than any other existing market. Inject of capital ->create a narrative to prop up valuation (ICO boom, defi summer, NFT boom etc) -> restribution of capital -> prop up more valuation -> everything balloons to a massive bubble -> all possible liquidity to inject into market as been tapped -> new narrative on market collaspe (macro economic, banning of crypto, stablecoin bank run etc etc) -> bubble burst -> valuation cascades down, liquidation everywhere -> cycle ends at rock bottom -> capitalist re-pick up their chips for pennies on the dollar -> cycle restarts, now its much easier to inject liquidity to push up valuation again with everything back at square one Everything happens without the government to soften the landing, mess with the market thru monetary policies. Without social/moral constrain. Everything in crypto is base on $, relation of everything and every player in crypto is base on mutual monetary benefit because unlike tradition finance You can't just send a physical army after your opponent or fancy trick between nation to adopt x currency as standard Its Pure and unadulterated capitalism, that is the wild west people refer to. For people that are fasicinated by money and economic. It hard to pull away. Last edited by threezero; 05-12-2022 at 02:39 PM.