News Forum - After year of cryptocurrency turmoil, investors see long winter ahead

[Thaiger]

After a year of cryptocurrency turmoil, exchanges and investors are hoping for at least a rebound in 2023. Last year’s volatility tested even the truest of believers as exchanges and funds went into meltdown. Valuations collapsed, enterprises folded and thousands of people lost their jobs. Can the industry reemerge stronger than ever? Can it reemerge at all? After a cruel year, the road ahead looks long and rocky. Thailand has slowed approvals for digital asset trading and proposes new reserve requirements that would in effect exclude small exchanges from the market. In October, Singapore proposed rules banning credit lines to […]

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[longwood50]

48 minutes ago, Thaiger said:

Last year’s volatility tested even the truest of believers as exchanges and funds went into meltdown. Valuations collapsed, enterprises folded and thousands of people lost their jobs.

I worked for major banks that invested money for peoples pensions also for Merrill Lynch.  

There were two sayings that were commonly used in the investment community that seem appropriate for the  crypto currency.

 

"Trees do not grow to reach the clouds"  

"Bulls make money, bears make money, pigs get slaughtered"