A Quadrillion-Dollar Market

3년 전

We are told that the end is coming. Cryptocurrency is going to zero or is a scam. Blockchain, on the other hand, is well liked with great potential as long as it is controlled by the establishment.

That is the mantra we are fed.

This should be a lesson to every single Steemian. Anything you hear from the mainstream media is presented from an agenda and is not true.

The recent price action should alert all of us to what is going on in the cryptocurrency world. We are not seeing the end of crypto but, rather, the beginning. Wall Street is not going to destroy crypto; they are going to make it.

We are witnessing a grand manipulation. This is classic. It is crucial to remember the banker playbook.

  1. Attack it to scare people away.
  2. Send in the government hacks to regulate it.
  3. Buy it with their fiat.

We can see all three in play. The market is being manipulated by the establishment. Why are they doing this?

Obviously, to buy up all they can.

Do you think it a coincidence that the reports are not coming out that an ETF will be approved in February. That will be the beginning of liftoff. Between now and then, they will buy up all they can.

Once again, why are they doing this if cryptocurrency is going to be worth nothing?

The reality is that cryptocurrency is here to stay and blockchain is going to change most industries over the next decade.

Make no mistake, this is not a small market that is developing. Wall Street is aware of how big it will be. We are seeing the tokenization of the world starting. This means every asset class will be liquid. It will also be decentralized.

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Source

In the past I wrote how the market for cryptocurrencies will hit a quadrillion dollars. Now, this is not only the currencies as we know them today. There will be security tokens which amounts to hundreds of trillions of dollars. We are also going to see what I term "Income" tokens. These tokens will represent the cash flow on a piece of real estate, as an example. Hence, we could have two different tokens on the same property (actually 3 when you consider the main digital asset which the other tokens are tied to).

This will also apply to earning potential of professional athletes. They will tokenize their future earnings. Movie studios will tokenize big budget films. Even the record companies will do that with concert tours of big names. The possibilities are endless.

My view is not alone. Recently I came across an article that essentially discussed Ethereum. Nevertheless, the author pointed to the derivatives market all being on blockchain in addition to cryptocurrency and other assets. I agree with this idea.

https://level01.io/2018/07/30/blockchain-enable-quadrillion-dollar-derivatives-market/

We are not even aware of how much will be created over the next 10-15 years. The derivatives market is enormous yet it basically excludes the average person. Essentially, it is a closed ecosystem which only the elite insiders and a select few can play in.

What is ironic is that the establishment attacks cryptocurrency as being worthless and having no inherent value. They conveniently overlook the fact the derivatives market is worth hundreds of trillions of dollars and is created out of thin air. They are nothing more than products that used other assets as a basis. The problem is that many of the assets used are nothing more than derivatives themselves. This process is repeated over and over.

Cryptocurrency has no less inherent value than most financial products on the market. The major difference is that the average person is now allowed entry unlike the present system. This is something that is overlooked by many. It is also why I believe the major FUD launched at it. The elite do not want the average Jane or Joe involved. They want to monopolize the way to build massive wealth. Trust me, central banks are not the only ones "printing money". Every major Wall Street firm does the same thing.

And now, the ability is offered to all. Is it any surprise that the establishment is attacking the daylights out of it?

We are looking at a quadrillion (or multi) dollar market and they do not want to share. They will do everything they can to maintain their control.

Fortunately for us, they will fail.


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I agree 110%, all the markets are rigged, all the markets are dropping. Now we know that in Japan they are printing and printing and openly propping up the market. They won’t let the markets fall they have stops, and when they have filled there pockets..... the markets will rally!
Resteemed 👍

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The level of debt that’s been built up in Japan is insane. And this in an economy that’s gone sideways for decades.

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I believe in the Us we are doing the same, just Japan is open about it.

I totally agree with it. I'm just new to crypto((about 80 days) and struggling to understand it and your article really helped me to understand its potentials.
Thank You!
Regards,
Dayyan Khan

Interesting perspective. What is the evidence of the buy in by these interests? Do we have stats? Not doubting you but looking for facts!

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I clicked on the link and it didn't open the specified article :(

It's interesting to see it play out along-side all the "hypothesese" (or whatever the plural of hypothesis is).. I'm curious to see how it all ends up. At the very least, it's a low risk high-reward scenario if people choose to stick in it and buy in when it's low.

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Ah dude, I think you missed the most important sentence here:

Cryptocurrency is going to zero or is a scam

At my friends Thanksgiving that we crashed a couple of weeks ago, I got talking to her Dad who is in Finance but nearly retired, upon learning I was in IT mentioned Bitcoin and Tulipmania in the same breath. So. much. sigh.

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Haha yeah -- truth... There's a lot of people out there that are calling for it to go to zero, most of whom think they're brilliant from riding the uptrend of a falsely productive stockmarket -- though, some of whom, I respect their opinions greatly. (My brother, @jkms, being one of them -- and he's a pretty smart dude, and he's often right more than he's wrong)...

That being said -- I dunno. I'm on the fence... I think bitcoin was an interesting "concept", but that project / product in and of itself doesn't really provide a whole lot of utility or value, or seems to solve much of a problem of any kind.... Some other projects (Steem, for instance) seems to provide utility (it's an interesting way for websites like Steemit, Exhaust, Steemhunt, etc..., to reward their userbase) -- but I'm not so certain if they solve a 'problem' (not that that's a criteria for anything... Hamburgers don't really solve a problem, and look at THEM go...). I can't name many projects that seem to provide both utility and solve some kind of problem (Golem pops to mind -- I'm drawing a blank on others because I had a couple beers at lunch -- it's Friday) -- but that could likely be chalked up to my vast ignorance of what's available out there.

There's truth in the fact that, there's nothing backing the "value" of crypto, similar to how there's nothing backing the "value" of fiat (in most cases, at least).. The difference being that governments demand you pay taxes in their national currency. As a civil engineer that works on lots of projects (and a human that understands, generally, how societies function) I believe there's a place for taxes (or rather, communal funding of important infrastructure projects that benefit everyone... the "chicken or egg" question of which comes first between decided what to do, and honing in on a budget is where MMT comes in, I think)....


I got a bit off topic. Again, beers...

I think it's totally fair to suggest that a large number, likely the majority, of 'crypto projects' are going to zero. I don't know what the fuck a Tron, Verge, Doge, Dai, Raiblocks, or whatever the countless others are. I think there's probably an interesting place / space for tokens as stocks in corporations in the future. It's probably also fair to say that most restaurant startups shit the bed too.

Along with all that, I think it's telling that ALL of the crypto-projects are crashing at the same time. These are almost certainly some of the more "risky" investment vehicles out there today. And it's not surprising that since stock-markets are suffering, as well as real estate (at least where I'm at) -- that people are generally pulling out of what is seen to be riskiest.


My opinion, at the end of the day, is kind of tangential to everything... Fuck productivity and market caps, I don't care about stocks or dividends... It's pretty well evident that what we're doing is generally destroying the planet and making people unhappy -- fiat or crypto be damned -- neither are the answer. In this case, I'm a firm believe that less is more.

Things need to (not that they ever will) be restructured such that people get paid to spend time with their family, enjoy going outside, eating healthy and taking care of themselves, and creating art. The fewer people rockin' service jobs (making coffees / flipping burgers / driving taxis or busses that are generally required to shuttle people to/from jobs that are ruining the planet) the better. Value comes from people, and people should be able to survive in a community due to their explicit contribution of humanity.


/end rant.. That's enough for now.. I should get back to my day job.

:(

EDIT: Realized I mentioned MMT only once.. I had a paragraph in there, but must have deleted it.... MMT = Modern Monetary Theory...

tl;dr -- MMT speak to how a government budget is not similar to a household budget and therefore, deficits are surplusses don't really matter.. The cliche of "well how are you going to pay for it!?" is kind of kaiboshed in MMT where the idea is "well.. we need to do X", and then you end up printing some currency / running a deficit and making it work, then collecting taxes or some such nonsense after to do something else I don't fully comprehend... I'm really butchering eveything, which suggests I should have deleted my second reference to MMT, but that's okay.

A thought to leave with.. Given that there's nothing backing Fiat (or crypto), why do we play it like it's a zero-sum game? It's arbitrary and stupid. It's like trying to measure something that exists, but only having a certain amount of metres to do so with....

EDIT #2: Just found this post talking about MMT... Forewarning -- I haven't read it (yet -- just starting) but it almost certainly is more comprehensible than what I wrote above.

EDIT #3: Article above was boring.. .Maybe check out this video by the one and only Jimbo D (AKA Jimmy Dore)

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Wahey! I like a beery Mark!!

I mean, I agree on so many counts. I really can't believe that companies are so crazy about 'creating shareholder value' especially since they don't actually get any of that extra value... they just know that the top dogs will get replaced if they don't... and yes... value is truly only what we either agree something is worth, or what I'm willing to pay you. Gold, diamonds weren't always a big deal, people used to die over spices, it's all nuts.

Less is more, and it's hard to think that we're going to avoid a big massive collapse of all the things in the near future. I have no idea if Bitcoin will be the answer, but I do hope something like it helps us. As someone who has moved overseas and totally been at the mercy of banks making up rules as they go along, I'm keen to opt out of the tangled mess we're in... or at least reduce my exposure to said mess.

At the very least, with crypto I can pay you without going through bank -> venmo/paypal -> bank... who each take a cut. I think that's where the value comes in. Us trying to move money between our accounts in Australia and the US is crazy hard and easily takes a full week.

I'd love to know what life truly was like 1000 years ago... how much did people work really? How much time was spent relaxing or playing music? Obviously everything took longer, but maybe everyone took all of winter off? Who knows...

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At the very least, with crypto I can pay you without going through bank -> venmo/paypal -> bank... who each take a cut. I think that's where the value comes in.

Agreed. The elimination of middle-men is huge, and should save people a lot. I'm actually really interested in setting up a quick and dirty steem store for helping caity sell some artwork, or just selling a bit of whatever. I'm blown away that it hasn't been done yet (and skeptical that dstors will be what it says it is).


Have you checked out any details on the circles project? From what I understand, each individual has their own individual token that accrues at a constant rate, and the whole thing is just an accounting measure of who is consuming / spending what -- and it essentially forms a web of "trust" among parties (i.e. -- who pays their "debts" and who just strictly "consumes" and validates individual tokens as "valuable" or "someone else will accept these")... I'm pretty new to it, but it sounds compelling, and more in line with what is needed...

A lot of current crypto projects strike me as "a crypto based thing that could still concentrate wealth towards the top".

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I've never heard of the circles project before, but I've just read through it and it sounds amazing.

I feel like they've really gone back to the system of bartering, but removed the cows and chickens, and jumped ahead to when Frank and Tom have traded a few times and now have a good relationship that doesn't require an exact like-for-like barter anymore.

Also, would this help you at all?
https://steemit.com/steemit/@mazzle/i-built-an-online-store-that-accepts-steem-and-bitcoin-as-payment

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I'm heading to a very fun, very delicious, corporate Christmas party -- so I'll try to have something insightful in the morning. Fun fact, the company I work for prides themselves on bing a networked organization rather than a traditional "hierarchical" structure. Slightly more "decentralized" (if you can call it that. Though -- 75 partners out of 400 some employees is interesting) than most -- so the world is changing.

Happy Friday, brotha!!

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Wow! What kind of beers you are drinking? Such amount of information is amazing!

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Strong, juicy, fruity, hoppy beers!

hahahah.

Anything to distract me from my actual work ;)

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... her Dad who is in Finance but nearly retired...

Sounds like he is retiring just in time, before all he has learned goes topsy-turvey. This is my third crypto bear market and each time tulips have been one of the main sources of FUDs. The big difference is that you can grow as many tulips as you like; while there will only be 21 million BTC/BCH ( not counting the countless wallets that have been lost).

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The big difference is that you can grow as many tulips as you like; while there will only be 21 million BTC/BCH ( not counting the countless wallets that have been lost).

It doesn't change the fact that you can spool up a new bitcoin fork with a different amount of units. It's artificial scarcity, just like controlled housing markets and everything else that's going on today. It doesn't make a whole lot of sense, on the face of it.

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Personally the tulip defence doesn't cut it with me. Forks can dilute, yet coin holders get increased amount of coins in the process and unless the coin has a genuinely different approach than what it forked from it is unlikely to have the needed network to survive the dreaded 51% attack. We have seen that recently with the ABC/SV fight for the BCH ticker dominance. We shall see, in due time, if your friend's Dad is a dinosaur of finance or not.

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It's my friend's dad... but honestly, yeah... I think he'll retire just in time to be honest. He's done well for himself... but I'm sure the next decade is going to be very, very different.

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Change is coming -- and my money is on that it's coming in a direction that most people (including crypto early adopters) don't see coming.

Every time I see someone write "HODL", it strikes me as "hoarding" which is aligned with scarcity. Given the fact that this is an accounting system that we, as a community, are creating -- it seems to be reasonable to any scarcity is "built in" or "artificial", as a means of letting people accumulate "wealth" from some weird, intangible, "non-existent" value... Pulling something from nothing...

Most of what I read is old-school thinking applied to new technologies while avoiding new economic theories, and it doesn't make any sense (at least not to me -- but again -- I've been drinking for a few hours now).

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Hahaha, you know what they say 'drinkin' makes the best thinkin'

I completely agree... the good thing about crypto is that it's helped us re-look at the things we took for granted as 'just the way they've always been done' and asking if it's the way it should have been done.

The people aren't going to stand for the 1%s taking everything, and I see various countries electing of authoritarian governments as the first step in the change... and when that inevitably doesn't work, the whole system will need to change.

Bitcoin probably won't be the answer, but at least the people on this platform will have their eyes open for change.

You're totally right though... how many people in the crypto space just want to replace the current 1%s with themselves, and how many actually want to change the architecture of the world?

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Wow doesn't he know that Bitcoin has spiked like this multiple times? How many times did Tulipmania happen?

One half of me is a true crypto believer (for the way it works) the other half is truly doubting if the manipulations gonna kill the faith... (it's probably just my human nature speaking up :))
The end of your post says it all...Our prosperity golden age is kicking in...
Obviously, there are many new wonderful dApps and blockchains appearing like mushrooms in a forest after rain :)
Actually I preffer to call them networks ;) My main vision is for the terrestrial Internet to be fully connected to the Quantum one. Maybe our devices are too old school (petroleum based)

...just some of my observations during this digital age...

For sure am getting tired of the beer market, cant wait to see bull run back in place. For sure i read your article and i feel relieved, now i remember back in 2017 when a lot of trash was said about Crypto and it later wen up and increased drastically. I know for sure this thing is been manipulated and for sure, this year has shown it. I pray the market bounce up very soon and we can all start smiling back.

The elite just looking for opportunity to always stay on top of their game but thanks to Crypto like steem which has given the poor a voice to speak.

silver and gold i have none, but have left you with the little upvote i got

Sorry to cut in sir, dont know if i can get your handle on discord, there is something i want to show you.

This post is amazing i must say @taskmaster4450

We are almost there! I just noticed that CNBC just turned off the bitcoin price on their evening show! While being ironic, this is the sort if things we start seeing at a bottom!

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The mainstream prefers pumping bitcoin when it's going up, then falling silent during pullbacks. Their actions help fuel crypto booms and busts, which would be less severe otherwise.

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You appear to be making two contradictory claims, that:
1.) The elites are buying up cryptos right now.
2.) The elites are driving down the price of cryptos right now.
Just curious how you have come to the conclusion that the current crypto pullback has anything to do with elite price control, and not just a typical U-shaped correction that cryptos have always gone through since they appeared in 2011.

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The futures market opened a year ago with an orchestrated FUD that was relentless throughout 2018. And most of the major Wall Street firms are opening up trading desks. Plus we know they are buying on the OTC markets.

It is not unheard of for the major banks to be doing one thing on side of the building and the completely opposite on the other.

Add in the timing on the ETF announcement by the SEC, who is squarely in the banks pockets, and I remind mysel fI have seen this story before.

It is par for the course with them.

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Remember what Friedrich Nietzsche said...

Do you think we should be buying in now or do you think we should be waiting for a more stable bottom?

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Steem is one of the few crypto that you can make more tokens with the more you have, from 2.5-ish% interest on vested steem to greater reward share the greater the stake. This makes the bottom less critical to me.

Bought my Minnowhood for 0.00024 BTC yet made 20% in tokens in a few short months. Bought Dolphinhood recently at 0.00008273 BTC and have been feeling great vibes helping noobs with delegations since the HF20 RC Squueze. Hopefully will get another buy in before Febuary 2019 at an even better rate.

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Man if things continue this downward trend through February I'm not going to feeling good about that.

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My feeling is that the manipulation will continue until Wall St. is ready to release the bulls; though time will tell.

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I have been buying on the way down and will continue to do so....my next level is 20 cents.

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Last week I was thinking that the bottom was going to be $0.21. However I have feeling that by this weekend we're going to see $0.17.

I tried dollar cost averaging with Cardano throughout the year and here we are looking at $0.02. The majority of that was at $1.40 - $1.00.

That makes me hesitant.

However, I fully believe in Steem so I think my buy in point might be $0.17 to start. Just for a gamble I'm going to call $0.17 by Sunday.

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Steem ... they laid off 70% of their employees ... reminds me of 2001 when the company I was working for laid off 90% off it employees ... eventually 6 months later we were gone like many of the early web 1.0 companies

In the future it would be fun to have a piece of some big blockbuster movie token or a world class athlete.

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Lucky for us when they buy out all the current tokens, because then new tokens will be created that they don't own. The world will begin to wake up from their lies.

It will be harder to cry wolf against new cryptos instead of rejecting all of them.

How can you be so sure EFT will be approved in Feb? That would be great. Way too many people have been telling me the bears will stick around for well over a year now, although Ialways thought that the bulls are around the corner.

Where can I read more on this?

love you point of view and i agree with that. the value crypto now is only temporary , i believe that the value of this crypto will grow up as many people start pumping their money to buy coin (for those who see this opportunity )

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This old USA Dollar market must fall soon.


  ·  3년 전

How on earth are they (the zionists) going to fail? - they are currently buying up all the cryptos dirt cheap.

From this point on I'm hoping to ride the next wave up but I'll be doing it knowing whose coat tails I'm riding on - scum like goldman sachs! Rotchild has got this one I suspect

I 100% agree that the banks are after buying the crypto in order to ledger their economies with it and thus maintain their power with the next booming market they cant defeat, but I dont know the most about crypto in general.

Could you explain to a noob like me, if you have some free time, why the banks wont win in their quest to once again control all the wealth and keep everyone else out of the system when it comes to crypto? How can anyone join in if they end up buying most of it off the markets? wont it get harder and harder to mine, or is that just bitcoins problem?

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You got to believe it !
A lot easier to control
Even though it is decentralized.
Stay focus and learn blockchain and buy what you can afford to lose

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