Everything is red in the crypto space. There is so much fear, uncertainty and doubt (FUD) in the industry. The denial of the United States SEC of listing a BTC spot exchange-traded fund, most certainly made things worse.

In an industry that is trying it’s best to be validated by mainstream, it seems that one blow after another by regulators is doing additional damage to an already battered industry. This only makes the FUD reverberate more intensely and with media publishing these screaming headlines, then you have a perfect storm brewing.

But looking at it from a long position, all I see is that the industry is evolving. It is growing to become a responsible contributor to the world economy. Believe me, regulation will come! The world economies would be fools if they didn’t implement regulation for this and we the investing public would come out much better from all of this. All this FUD is just shaking the weak hands out of the industry. I know, I know. Some people have lost life savings on this. Which begs the question, “why??” in the first place.

I’ll be honest with you guys. I pulled out a substantial amount from my stock market holdings two years ago cause, let’s face it. The equities markets are crap (well it is where I live)! I then researched some crypto’s to see what they can offer, their processes of introducing new functionalities, their advantages, their limitations and most especially their security implementation. Next were the people behind it. Satoshi, Buterin, Hoskinson etc. Who they are, what level of expertise do they carry, previous projects, etc. Check out their community as well,

To be transparent about it, my bag is 70% down! But am I worried? Maybe. But do I have faith in my choices? Yes. Have you ever seen the charts of these cryptos since they were conceived? It essentially tells you that the market has undergone these cycles on a yearly basis. What makes it so different now is the fact, that Governments around the world are more focused on it. They may not necessarily know what they are doing at the moment, but they are learning! Learning the ways of crypto. How? They are consulting the experts. The owners, the technocrats and even the public. This by itself signifies that Governments are seriously looking at the industry. I don’t necessarily agree with how they are approaching it right now, with the Bank of International Settlements advocating aggressive regulation, but nothing is final yet.

I’ll admit that in a bull run, it is so easy to jump straight in without the research and still gain a hefty bag of profit. But if you made the mistake to think that that was the simple method to do it, then what are y’all doing now? With rising interest rates, equities and crypto markets are down naturally. Will this be forever? Hell no! History is so full of these ups and downs. One would do well to learn from it during these times. Just ask El Salvador, as they just bought an additional 80BTC. 😉