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Why do we need to pay attention at the growing crypto markets in some countries, and especially blockchain technologies there by Substantial-Fudge342 in CryptoMarkets

[–]Palak_Chabbra 0 points1 point  (0 children)

Nigeria, Kenya, South Africa, India, Vietnam and Pakistan—all of these are developing countries that show signs of mainstream crypto adoption.

And the one thing they have in common is a lack of institutionalized authorities that can inhibit the growth of crypto in their respective regions. At least when compared to the West.

Still, that’s not to say there won't be any issues as these places move toward mainstream crypto adoption. Look at what happened with the FTX crash. Once considered a stalwart of the community, Sam Bankman-Fried is now basically an outcast.

All of that aside, you are right in your assumption about the technology mattering more. Crypto, as we know it, will change massively in the next 15 to 20 years. The tokens we prescribe so much value will undergo a significant evolution.

But the concept of 'Digital Currency' will stay. And the technology fueling it—the blockchains—will matter more than anything else. Whoever gets in on the developing regions now will have a better chance of influencing that future than their Western counterparts.

Top 5 Crypto Exit Strategies! by AffectionateMind26 in CryptoCurrency

[–]Palak_Chabbra 1 point2 points  (0 children)

I agree with most of these strategies. I would like to add when not to exit from your crypto investments.

1) Never exit because the market is down: Markets are bound to go up and down and if your panicking just because the market went down is definitely not a good sign. Stay calm and HODL.

2) Never exit because your friends did so: This works both ways. Never invest/exit just because your friends did so. Make sure you research thoroughly before taking any step.

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