That will be nice. Lack of regulation is crypto doing, giving scammers free reign.

People say SPECULATION is good for business, especially traders thrive on it Mike.

Depends on which side you land after throwing the dice!

Absolutely Mike, but nothing ventured, nothing gained.

Crypto is already self sustaining with millions working on new and current projects. It's not sinking. It doesn't need Google or Facebook. It already has it's own versions of both.

It's only a matter of time and more people understanding its advantages over the status quo.

I wish it so Geoff. The operators have to do something about the huge risk and scams involved too, which is a real put off.

I said it, too much secrecy in managing crptos my dear. and risk is huge. No one understands except the very few who have profited tremendously from it. Say GET RICH QUICK SCHEME. Did you notice how rapidly BITCOIN dropped at the beginning of the year?

Bitcoin has had drops worse than this in its history and has always recovered and moved higher. This is just a major correction similar to the stock markets and crypto will recover because you still have major players involved with it, not necessarily in just Bitcoin but other cryptocurrencies as well such as Ripple which is working with banks and other large financial institutions to create a viable, very secure network which can do many transactions in mere seconds. Western Union, Bank of America, Visa, and others are all working with Ripple to help make this a reality and others are looking to jump on board as well.

I do agree with you though that there are still a lot of scams happening with crypto and exchanges getting hacked and people losing all their crypto and money they used to get it. That's why Google and Facebook are axing these ads because there are lots of them that are scams and are vulnerable to hacking. You can't blame them for wanting to protect people.

I can tell you right now that we are on the cusp of a major change in the financial order of the world and cryptocurrencies and the technology behind them known as blockchain is the starting point of that change, much like the internet was with sharing information and connecting with people when it first came about. The internet looks very different today then what it did when it first came about and this is what's happening in the crypto world. What we've been seeing is crypto 1.0 and crypto 2.0 is on its way. MANY cryptocurrencies will NOT make it to 2.0 and that could even include Bitcoin in its current form. If current cryptocurrencies do not solve a real world problem, then they will most definitely fail. That's why is I see real potential with Ripple, far more than Bitcoin because they want to change how the financial world processes transactions and large financial institutions are taking notice of this.

Ok, I need to stop now because I could keep going on and on and I've gone on long enough. I will end it with this, if you're going to get into cryptocurrency with the idea of making quick money, you're going to be very disappointed. Do your research and do NOT invest more than you're willing or can afford to lose. I've invested some in cryptocurrency, but I've gone into it for the longterm, not to make a quick buck. I know there's going to be great volatility with cryptocurrencies and the current downslide does not have me worried in the least.

The only reason I'm concerned about the current correction is because I went short on BTS when I shouldn't have. Well, we all make mistakes and I'll learn from it for sure. It hasn't called my position yet, but one more dump. Yikes! I could close it, but it's right at the cusp anyway.

Good points you make. Ripple is in the middle. Definitely not where blockchain wants to end up, but it serves a purpose. How about the ledgerless blockchain development in South Korea? ???

In the mean time, I work on my blog here and I earn crypto from another blog. I'll keep shooting for the best of both worlds while it lasts. I'll switch to accepting crypto on WP sites as soon as affiliates are willing. :)

There you go! I know working here at Wealthy Affiliate will earn me money in the long term, not the short term. That's why I continue to stay here and work on my blogs/websites. At the sametime, I also see some of the potential in cryptocurrencies and invested some money into them. Again, not enough to where I would hurt if it all dropped to zero, but enough to where I could make some money with them in the long term if they continue to stick around, which I think some of them will. Multiple sources of income :)

This sounds like a good start to an ebook!

You reckon, for crypto marketing, or for dissuading people from investing in crypto? Incidentally there's a fake news published today (Daily news of Sri Lanka) supposedly that SWEDEN has legally approved BITCOIN as official currency. I believe this publication will be followed by massive advert for people to invest in BITCOIN, real scam trend. Lol.

Yes absolutely, BITCOIN really paid off for initial investors before sinking. It is to know WHEN to trade off, like all high risk investments. However I understand the others are gradually doing well. Best wishes to you. Definitely multiple streams of income is the only way forward for all of us here at WA.

If crypto is going to be useful, let it be regulated, and transparent. This way everyone will understand it, then it will be easy to trade in. Again the secrecy surrounding its trading is the reason very few made millions.

You have the heart of a real INVESTOR, Defiant. All the best to you.

I can understand your concern Geoff.

They don't want the FCC, SEC, FTC and other international agencies breathing down their back. There is also too much what if I the whole thing. The SEC would love to get their hands on as much of the "action" as they could to get the money just tossed out the window and then hacked out to other organizations.

Exchanges are already coming out that are listed. Check Circle.

Nothing other than the huge financial risk, and the scams Geoff, with pressure from Politicians. At least they are not putting profit ahead of everything else this time.

That is what you think, if the losses per head are huge, and gains are tilted, the Govt can pull a plug Geoff. I reckon you are a huge fan.

There's still much secrecy in developing and managing cryptos, which is creating huge gains for the few.

Yes, the Govt can jail the operators who profit from it eventually, and ask for a pay back. Did you read how WESTERN UNION was asked to pay back those money transfer frauds, especially on Romance scams. I pray they survive it.

Lol. The blockchain has a replacement for Western Union too. Money transfers around the world instantly with little to no transaction fees. There are thousands of reasons people don't like crypto or blockchain. It is quite disruptive to the status quo.

Bingo! Crypto and blockchain are changing the financial order of things and many people do not like it, but evolving technology is going to make that happen no matter what whether it is cryptocurrencies leading that change or not. Did you know on the east coast of the US, that there are some businesses that are actually no longer accepting cash? I was reading about that recently and it's definitely a sign of things to come, of course it will be many years before cash use is gone everywhere if it all, but it just shows in this digital age how things are rapidly changing.

That's crazy! I had not heard that. I'm quite interested to see what Dan Larimer brings us with EOS if it is finished by June. :)

I reckon they don't like because they don't understand. I say there's too much secrecy in crypto, thereby building nest for the few my dear.

I hate cash transaction myself, and I don't carry cash, but I love fresh produce from farmers' market, but really minimum cash carrying is required. I believe the face of things to come will be cashless, but not necessarily crypto my dear.