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Shahzad Irfan
Will Crypto Rise or Fall? Vladimir Okhotnikov Has a Different View
2023-10-23
Are you still guessing when crypto will rise or fall? Don't worry, there is a legion of people just like you. Every day experts publish hundreds of topics reviewing the market and only a few of them look at things realistically. Vladimir Okhotnikov knows exactly how they do this. Today he will tell you why you need to look at cryptocurrency not as a trading tool and what will come of it if you look at the situation from a different angle.
Vladimir Okhotnikov, founder of Meta Force, is behind the idea of creating a unique Metaverse-oriented ecosystem which will continue to exist regardless of our efforts. According to Vladimir, he is going to create a unique space where laws, time and residents will go beyond the ordinary.
Vladimir Okhotnikov about the hype around the crypto
Many quickly picked up the topic and realized that you can make good money on crypto. I’ll quickly botch up a shitcoin in the hope of taking a bite of such a fat pie and it’s done - this is exactly what many wheeler-dealers think. And partly amateurs succeed. Therefore, startups have been going through hard times lately as such dishonest people tarnish the industry.
Investors are becoming more cautious and attentive and regulators are tightening control over this area. Skepticism is growing and many are beginning to ask questions about the true value and future of cryptocurrency projects.
The shitcoins have nullified more people than the FTX crash. Over the previous year, the number of scam projects increased by more than 30% compared to the same period in 2021
Vladimir Okhotnikov has to state that many projects, especially in the early stages, encounter difficulties, and some even turn out to be scams. This is due to the fact that the cryptocurrency industry is still relatively young at the moment, which creates a favorable environment for fraud.
“One of the main risk factors is the lack of financial history of many startups. This makes it impossible to conduct traditional fundamental analysis which is used in financial markets. Instead, investors often rely on faith in the potential of a particular project, which most likely has nothing behind it”, summed up Vladimir Okhotnikov
Crypto for nothing: Vladimir Okhotnikov is indignant
The fact remains that many tokens and projects continue to be created with only one purpose - to copy bonus programs. You can see thousands of tokens being distributed for subscribing to a channel, reposting a tweet or something like that. As a result, the so-called “Ether and Bitcoin killers” scale up and acquire an organic audience. What's next?
Vladimir Okhotnikov says that in practice such projects have a strong connection with large capitals, as in the example with Doge.
“Either these are random upstarts who managed to convince the masses of their righteous path or these are scam projects.”
However, if you look at it from the other side and ignore the fact of trading and continue to earn cryptocurrency then you won’t have to sit for hours at the charts, follow the news and try to guess where the market will go next.
Due to this, the crypto community has split into two parties: one is always in the market, while others only make money using such a tool as crypto. And it is for these very people that cryptocurrency and blockchain provide the opportunity to create more decentralized and innovative financial systems.
Therefore, although there is competition and contradictions between traditional finance and cryptocurrency, many see this as an opportunity to change the established order in the global financial system.
In pursuit of profit
In the frantic race for profit many have forgotten about the fundamental theory of blockchain as a decentralized system. After all, when Bitcoin appeared, no one thought of making money on it by selling and buying the asset. Yes, some looked at it with irony but after a while the first cryptocurrency acted as a revolutionary.
Bitcoin has become a kind of Che Guevara because they both contributed to changing the status quo and aroused interest among the world community. In connection with this the owners of capital quickly realized that if you cannot defeat a new technology you should lead it.
Interesting facts about BTC: China is in the lead and Tesla is not the first company to accept cryptocurrency as a payment
Thus, capital from the traditional financial sector gradually began to flow into crypto. Projects such as Ether, Litecoin, Ripple and many others began to grow like mushrooms, promising to surpass their “grandfather” and show that the blockchain is fraught with a hitherto unseen prospect.
“And here I can’t help but agree. Indeed, big capital sensed the smell of something fried and urgently began to actively develop the crypto industry. In just a couple of years, banks and corporations frantically began churning out crypto projects, introducing blockchains everywhere and developing crypto media. And the crown of all this was the emergence of rumors about the organization of an ETF which gave hope for a new breath of fresh air,” Vladimir Okhotnikov is skeptical that large funds will not abandon the manipulation venture.
Many of us have not noticed that Bitcoin has become overly dependent on the American stock market. Instead of serving as a means for online payments, as the project was originally intended, it became more of a tool for saving funds and investing.
Does it turn out that greed has won and Bitcoin has received a new quality? Even if so, then who should be blamed for it: the mythical Satoshi? After all, even the Securities and Exchange Commission (SEC) cannot recognize the fact that Bitcoin is a security and therefore is afraid to take such rash steps.
Fight or die
Having reconsidered its approaches and calculated its chances, the SEC quickly retreated. Almost all major exchanges were taken under strict control. Now all that remains is to finish the job and implement CBDC completely in order to take control of all fiat. Thus, by transferring the cut paper to the digital plane the mousetrap will slam shut.
Then the complex puzzle will come together into a single picture and, perhaps, we will get a scenario when it is announced that it is impossible to buy bitcoin, since it is illegal.
What would you do if all your money were under the control of the central bank? It won’t be able to ban cryptocurrency but it can easily restrict purchases. And as a result we see that the honest and democratic crypto market, besides yet without the expected Xs, will turn into а faded fruit that no one will care about.
The way out of the situation that has not yet developed is obvious and logical - learn to earn money outside the jurisdiction of central banks. Fortunately now there are many tools that allow you to receive rewards in crypto. And you never know what the elite is planning there, for “The power of the mind lies in its use, not in its possession.”
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