At the moment, the technology is really moving towards the right direction. A lot of the technologies that we have been waiting for are live (LightningNetwork) and some have recently been implemented by big players(SegWit). More great technologies are on the way to feed the bitcoin ecosystem so it can grow even faster, such as the smart contracts on bitcoin blockhain(rootstock).
now the prices are still dropping and it shows to me a clear disconnect between price and technology.
- why is it so? why is the price disconnected from technology at the moment?
Well, my answer to that is pretty easy: a lot of newbies(such as me) have been entering the market rececntly.
Most of them have been entering because of FOMO(such as me).
they just entered the market because they wanted to make fast money. (such as me)
they had no idea about how the market works and about the things they invested in.(from here on i exclude myself
)
they were just believing what others where saying.
Now since so much dump money entered the market and pumped the prices to the moon, the early investors started to take their profits and the newbies had their first glimpse of the "news" that the bitcoin community is used to. They heard about hacks, scams(mostly because they are just dump money and freshmeat is easy to rape) and regulations. most newbies had no clue about the assets the were investing in nor about the technologie behind them.
after every peak, there is a drop.
Once we had reached the peak close to 20000usd it was time for the downride.
and you know how it is, every rollercoaster ride needs a downhill part, just because thats the funny part.
but for those who have never been in a rollercoaster it might be a little bit to much.
and for our crypto newbies that bearslide was a infact to much thats what is strongly pulling the markets down.
i think this rollercoaster is far from finding a end and i think the downslide is enough. its time for the next bullphase of this ride.
when i read news about crypto world, i just see a lot of positive feed. all across the board. so why should this end now?
we washed a lot of newbies out and now those who trust in the technology a building the bottomline.
I see a lot of people that have strong believe in this technology.
so ask your self, where is the bottomline, at 5000 or at 200?
i think we have washed a high percentage un unbeliebers out of the market and those who are left right now are more or less the bottomline, the ones who believe in this technology.
what do you think?
Show Posts
