Ugly Attacks
leofinance·@newageinv·
0.000 HBDUgly Attacks
<center>  </center> <div class=text-justify>I begin again stating that I am an obviously biased when it comes to what I believe in terms of Crypto being the future in the financial systems of the world. This is probably why I was so offended by the constant FUD being presented by the financial media after the collapse of FTX. While I understand the trust in centralized organizations is key for the traditional models of exchanges, the pure blunt of the line of questions as if things were being hidden were very disgusting to listen to. I have to give it to CZ for being calm in the middle of this as it could have been easier to do nothing.<p> As the interview aired, I was so disappointed at those that I once would look up to as I relied on them for news on my investment decisions. I now feel I have no where to go for news given how bias they seem to be. In the days following, I saw how the centralized exchanges continued to bleed from withdrawals and having to keep up with more FUD. At least it feels that most of the remaining big ones have survived the storm, for now. I will not be surprised if another wave of FUD were to come soon to come as a "knockout punch." Not many can remain solvent when business models are flipped to manage to their extremes. In fact, one piece of information they failed to answer themselves is how a fractional reserve business model that are the Global Banks could survive themselves? The bank would fail just as quickly as some of the Crypto exchanges and despited the "insurance" and backing of Central Banks will still leave the system with large holes to recover from. Therefore, I have to ask, should we even have funds there either? I think we are approaching a moment in time that hard assets will rule for some time. I include Crypto in these as it will continue to be the best and easiest way to maintain monetary sovereignty. It has been a while since I have started a Dollar Cost Average (DCA) strategy for Crypto but it may come very soon for me as I plan the next year or so for my financial plan. These ugly attacks on Crypto as an asset class may indeed backfire on the traditional financial system. The irony is that I am sure that some of these institutions will be in line to pick up the pieces of what is left in some of the fallen angels from the fintech industry!</div> <center> https://cdn.steemitimages.com/DQmex9uCLNgwTXDbBMDD9QYRFh8CmBJrGdwjy9UKko9fgHq/newageinv.gif</center> Discord: @newageinv#3174 Chat with me on Telegram: @NewAgeInv Follow me on Twitter: [@NAICrypto]( https://twitter.com/NAICrypto) The following are Affiliate or Referral links to communities and services that I am a part of and use often. Signing up through them would reward me for my effort in attracting users to them: Start your collection of Splinterlands today at my [referral link](https://splinterlands.io?ref=newageinv) Expand your blogging and engagement and earn in more cryptocurrencies with Publish0x! Sign up [here](https://www.publish0x.com?a=MYer5oLdOB)! My go to exchanges are [Bittrex](https://bittrex.com/Account/Register?referralCode=YYA-GLD-RQ2) and [Coinbase](coinbase.com/join/corp_gi?src=ios-link); get bonuses for signing up! The future of the internet is here with [Unstoppable Domains](https://unstoppabledomains.com/?ref=57d682f0ad854ef)! Sign up for your own crypto domain and see mine in construction at newageinv.crypto! Always open to donations! ETH: newageinv.eth BTC/LTC/MATIC: newageinv.crypto <sub><sup>DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.</sup></sub>
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