Ask HN: Prediction for NFT, Cryptocurrency in 2022?

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a big gigantic crash of this entire energy wasting ponzi scheme.

Bitcoin and others are closer to 0 than 100K which was promised and predicted last year by many of the cryptobros.

they were completely wrong again.

stephen diehl says this better. [0]

https://www.stephendiehl.com/blog/against-crypto.html

BTC is already closer to 0 than 100k so this "prediction" is really just the status quo.

Though if you really think it's going to crash super hard, I assume you're heavily short BTC at the moment?

Bitcoin can adjust to almost everything, including new taxes or high energy prices. But a couple of things could make it go to zero: If the government bans it (seems likely). Maybe also if the whales who now own most of it, collude to all sell at once for whatever reason.

I can’t imagine any gov outright banning it, not now, maybe a few years ago but there’s alot of traction now.. even with investment banks etc.

What reasons do you think a government/s might ban it this year?

They can easily use the pretext of excessive energy use, but it would be in line with general authoritarian reasons of control over money.

Probably a range bound year for BTC/ETH with a rotation into some newer chains like NEAR or ATOM.

Not sure about NFTs but I'm sure some blue-chips like CryptoPunks for ex will still retain a lot of their value.

What about new marketplaces introducing this year?

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