I feel just by the nature of opportunity there should be more downside. if i was a market maker i would take advantage of all the unknowns in the air and push the entire market down with shorts. (I personally do not short. I buy and hold and buy and sell.) but i can see the structure. Same fear and greed. and these people are often the same as the ones who drive pumps. We all love those. It seems manipulative, and it is, but it exists in all markets as does all criminal activity. It is the energy that keeps the wave patterns moving . I think the Government oversight groups into crypto should be the same as any financial item that you own and pay taxes on. I think Right now that is the Department of Treasury. They would benefit greatly if they just simply added crypto to the treasure of the treasury. The fact that they print money and make money off of making money is a bit of a relic.
From the 2021 budget - "including $1,030.0 million
in Bureau of Engraving and Printing (BEP) costs and $65.8 million in Board costs. The
increase is primarily for higher banknote printing costs due to the demand for cash that
followed the onset of the COVID-19 pandemic"
The basic functions of the Department of the Treasury include:
Producing all currency and coinage of the U.S.;
Collecting taxes, duties and money paid to and due to the U.S.;
Paying all bills of the U.S.;
Managing the federal finances;
Managing government accounts and the United States public debt;
Supervising national banks and thrift institutions;
Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these);
Enforcing federal finance and tax laws;
Investigating and prosecuting tax evaders;
Publishing statistical reports.
Crypto could turn all of that around. Smart contracts will give more control.
the game market and the Meta World tokens will be monitored through these cross platform transactions or when converted to USD coin.
In that world i can have and use Mana all i Want in VR worlds and VR assets and only pay taxes when i transfer gain to USD whatever.
These are my hopes in my thinking of the Crytpo world. I Probably wont keep mana though. But will buy and sell if i see action. that currency climbing is the important part of the US stable coin.
From the 2021 budget - "including $1,030.0 million
in Bureau of Engraving and Printing (BEP) costs and $65.8 million in Board costs. The
increase is primarily for higher banknote printing costs due to the demand for cash that
followed the onset of the COVID-19 pandemic"
The basic functions of the Department of the Treasury include:
Producing all currency and coinage of the U.S.;
Collecting taxes, duties and money paid to and due to the U.S.;
Paying all bills of the U.S.;
Managing the federal finances;
Managing government accounts and the United States public debt;
Supervising national banks and thrift institutions;
Advising on domestic and international financial, monetary, economic, trade and tax policy (fiscal policy being the sum of these);
Enforcing federal finance and tax laws;
Investigating and prosecuting tax evaders;
Publishing statistical reports.
Crypto could turn all of that around. Smart contracts will give more control.
the game market and the Meta World tokens will be monitored through these cross platform transactions or when converted to USD coin.
In that world i can have and use Mana all i Want in VR worlds and VR assets and only pay taxes when i transfer gain to USD whatever.
These are my hopes in my thinking of the Crytpo world. I Probably wont keep mana though. But will buy and sell if i see action. that currency climbing is the important part of the US stable coin.
