To solve problems using cryptocurrencies, find out the way the real world works. This can be achieved without diving into the technical jargon and without a technical background.
One way to do this is to use your own experience. Has part of your life become more difficult? Has something you do every day changed, not immediately, but gradually, forcing you to spend hours on something that used to take minutes.
It’s not about Libra. It’s about legitimacy and what legitimacy infers. It could, for example, help soften India’s stance on cryptocurrencies, and with population of 1.3 billion people, what effect would legalising cryptocurrency in India have on the market?
It’s unknown, but Facebook’s entry into cryptocurrency adds a variable that needs to be priced in. It’s often not the news itself, but the implications of the news that has the most effect.
Observing three trend lines, each with a higher rate of slope, are tell-tale signatures that, a large percentage of the time, precede a parabolic move. As prices begin to accelerate, and, using daily compounding, the rate of change will have the effect of doubling the price within a week or two, ask yourself what is the likelihood of observing this phenomenological combination if your assumptions are false?