While I am still highly hoping and wishing that there can be another round of bull run within 2021, am also preparing for the possibility that it will not anymore happen and that maybe there can be another one but in 2022. Based on many things happening right now, I think the bulls are lacking the energy to make a comeback and slowly the bears are taking over or at least doing it on the sideways.

Do you have the same feeling too or you choose to stick to be positive on your own?

In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required.  The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.

As the month of June is fading, we will always remember this month to be a negative one for the whole cryptocurrency market. And with the coming in of July, we are hoping that cryptocurrency can be making some solid gains. The bad news coming from China has already started to wane, and we are hearing less and less negative comments from supposed to be known people, so the attack on Bitcoin has already withered.

Do you feel some positive energy coming in July for our beloved cryptocurrency industry?

$3.6B in Bitcoin vanishes in 'hack' along with owners of South African crypto platform

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack?

Around 69,000 Bitcoin has vanished from a South African investment platform along with two brothers who owned the crypto firm.

Although the facts are yet to be proven in court, if it turns to be an exit scam rather than a hack, it would be the biggest in history according to Bloomberg. There were warning signs for investors either way, with users reportedly promised returns of up to 10% a day.

Source: https://cointelegraph.com/news/3-6b-in-bitcoin-vanishes-along-with-owners-of-south-african-crypto-platform


Getting returns of 10% a day can be a tell-take sign that this exchange is doing its own ponzi scheme and when the heat is too much to bear they know they could not anymore pay their victims-investors so they decided to just closed shop and run away. I am hoping that the law will be coming after these people. I am also suggesting that strict implementation of the law regarding opening an exchange should be revisited...or maybe make a new law if possible.

First and foremost, one of the many who are not necessarily liking any FOMO, FUD, hypes, half-lies/half-truths and all the nuisance in this growing, expanding and exciting cryptocurrency industry. However, we also have to admit that without those things, I don't think this industry can ever be exciting...so we can say that they have become like a necessary evil we have to experience and endure, and it is all up to us to shield ourselves from the possible fall-outs that can happen anytime if we are not really careful.

As long as this industry is populated with people - human beings with the usual human nature then it would seem very difficult to avoid those nuisance and even the crypto-focus media is using them to attract more eyeballs to their content - well the more views the more money they can generate.

Just wondering what is the overall sentiment of people on this forum with things happening right now in the world and market of cryptocurrency: still feeling the bull market or are we already in the hands of the bears?

The recent "collapse" of many coins and tokens from their ATH resulted into the retreat of the bull run but there are still many good analysts telling us that this does not mean that we are already in the bears and that soon we can be back to normal path of immense growth. Right now, we are still in the dip and nobody can be sure when is the rebound period though I read somewhere that some institutional money is back to getting interested taking advantage of the bargain prices for many top coins and alts.

Lately, the question of the power requirement to run Bitcoin mining has been in focus. And so we now hear the demand for green Bitcoin referring to the Bitcoin mined using cleaner, renewable sources of electricity coming like solar, wind, water and maybe we can also include geothermal. And because of this concern and demand, there is a big possibility that some miners can be shifting their sources of power from coal to solar, though it may not be easy to do for some miners especially those in China.

Is there  a possibility that with this scenario, mining in China can be disrupted and its share of the total market can be slashed? Or will this issue just be forgotten weeks from now?