History repeats itself.
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Edit: Reposted under new flair. Cycle of 2017. The year that followed an intensive 2017, marked by sharp increases in the price of cryptocurrencies, was full of disappointments as the bulk of digital assets had significant price declines of over 80% from their all-time highs. The year 2018 was also rife with news stories about exchange hackers, exchange regulations, and delayed exchange-traded funds. In terms of the price changes on the cryptocurrency market from year to year, it is reasonable to conclude that 2018 was the polar opposite of 2017. The top 10 market capitalizations and the values of each coin were very different on December 31, 2017, than they were at the end of 2018. Take a look at this. We had ETFs in 2018 too. Several ETF proposals, including those from Direxion, GraniteShares, and ProShares, were submitted to the U.S. Securities and Exchange Commission (SEC) throughout 2018. All of them were rejected by the SEC, which cited a breach of Exchange Act Section 6(b)(5), which mandates that a national securities exchange be built to guard against fraud and the manipulation of its assets, in rejecting nine distinct plans from the aforementioned companies. Conclusion Obviously, no one is pleased with the upward trend in cryptocurrency asset prices. For newbies who have never seen a crash like that, this is especially true. An emerging market is going through a natural process of clearing up the chaos that impedes the growth of the entire industry. Money will migrate from weak hands to strong ones as a result, and the market will only become more robust, transparent, and well-regulated. submitted by /u/AncestralMano |
