Even if I heard about Bitcoin few years ago, I haven’t been interested about crypto until February 2021. At the beginning of this year I discovered that crypto means more than Bitcoin. Actually I discovered a huge and dynamic market. Despite the fact that at the beginning I was reserved about investing in crypto currency, after two or three weeks of research I’ve discovered that many projects within this domain are very interesting and with a promising future. Not only from the perspective of the profit, but also from the perspective of the benefits brought to the society in the future.
When I’ve discovered that the aim for various projects is to bring decentralization in the monetary domain and to reduce or even to get rid of the intermediaries, when I’ve read about freedom in transactions, I was convinced that I should get involved into this. Since I’m one of those who love the idea of freedom in life’s aspects, I saw in crypto as an opportunity to enjoy this freedom. I believe that many of us are tired to live under regulations and laws limiting our decisions and our lifestyles. I feel that many of us, no matter where we live, are looking to gain more freedom outside of the “system”.
At the beginning I was convinced that crypto market would bring this freedom in the near future. And I still believe it! Nevertheless, after the market crash in the mid of May 2021 and after doing more research, I’m asking if the crypto market means exactly what it is presented to be!? I’m sure that behind many projects in this industry are people looking to build a new world – a decentralized world and a world with more freedom in various aspects of our lives.
However, I’m also sure that many projects are nothing else than a way to get rich and accumulate even more money for those who have already billions of dollars in their account. And I’m doing this statement because we may observe that the discrepancy between the richest people in the world and the middle class is every day larger. Not to mention the poorest people around the world! I have the feeling that many projects in the crypto industry are just another way to get rich for some smart investors who are selling nice promises for a bright future.
On the other hand, crypto market appears to be find an opponent in the system too. The system is represented by governments, banks and all the stuff defined by legal regulations. Even if the society should have rules and laws in order to operate in the right way, I think that most of these rules and laws are used just to implement control. Do you think that those people having control nowadays by using laws, rules and regulations would be interested to lose it in the future? Do you think that the “system” would leave so easy the harness of the world and take a step behind?
Unfortunately I don’t think that the “system” would be interested to forget about the idea of control. I consider either the system will get involved in crypto or fight against this domain. Or maybe the “system” is already part of a large number of crypto projects. However, it seems that many countries are interested in tax crypto earnings, even if most of these countries don’t accept crypto currency. This is among the proofs that the “system” is interested not to lose any source of income.
Photo by Joshua Miranda from Pexels
Another part of the crypto market is represented by the manipulation of this market. Of course, this is a feature for each market in the world. However, until FIAT money is involved into the crypto, this market would be prone to manipulation from the big investors. If in the future the block chain would manage to bring solutions in order to take out FIAT money from our lives, at least from some parts of our daily lives, then I think that some ideas developed along with block chain projects would be able to create a really decentralized world.
Furthermore, since influencers like Elon Musk have such an influence on people’s behaviors, it is quite difficult not to discuss about manipulation. At the same time when all the crypto tokens are sensitive to Bitcoin price, it is quite far from the idea of decentralization. But the market is still young and maybe this relationship between Bitcoin price and the other coins prices would be less tight.
At this moment I feel that the crypto market is presented like a tale that intends to imagine an ideal world in the future. Having thousands of projects in this market, with new releases every day, it may become very hard to know which of these projects are truly interested to create decentralization and freedom in the future. The challenge for all those who want to invest in crypto and want to catch this crypto train is to identify those projects that can bring a profit in the near future and benefits like freedom, decentralization in the future on a long term. I sincerely hope that the future will show us a world with less control, less manipulation and more freedom in all aspects of our lives.
Concluding, I hope that crypto currency will compete in the process to build such a new world in the future instead of being just a new way to get richer for a small percentage of people who already are among the richest in the world.
