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You are right OP but I don't think the fact that people buy and trade in cryptocurrency is enough reason to conclude that the whole world is ready for cryptocurrency. There are still a lot of issues in some countries who are hostile to cryptocurrency to the extent of banning it. I hope this will change with time.
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New projects are announced everyday in their numbers but you have to be very careful and do your own research about the project and the team in order not to be a victim of scam because there are several scam ICOs. You will see new icos announced at the altcoin announcement section.
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There is no cryptocurrency regulating body checking the activities of founders, developers and the team of any project to ensure that investments are secure. This is one of the reasons cryptocurrency is seen as very risky because the people who are out to scam are always having their ways.
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There are signs that cryptocurrency price will be staying strong with time. Everyone can not hold or sell their cryptocurrencies at the same time but whatever decision one makes either to sell or hold is expected to be profitable at the end. Opportunities present themselves even at the current price of cryptocurrencies but making the most of it counts.
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A situation like this is common in day to day business. People make gains and people make losses but in all, it help them to reposition well and make better gain in future. Bitcoin too is like that. The fact that you lost some money does not mean you can't make a big gain later. Just make sure you don't quit.
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Trying to get the next bitcoin won't be easy at all. I have always said it that there may never be any altcoin that can attain the the level where bitcoin has reached in terms of community size and adoption. Bitcoin still remains the leader. The price of Bitcoin is already on the way up and this has impacted on the other cryptocurrencies.
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There should not be any issue with whether poor people are here or not. The fact that people are poor doesn't mean that they can't make any meaningful contributions. What we should be concerned with is whether everyone is doing the right thing. Greed is not limited to only poor people. Some people who are still financially okay still engage in scam.
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Whoever finds it difficult to trust cryptocurrency at this level may find it difficult to ever trust anything again. The fact that cryptocurrency has been in the center of discussion in major financial summit gives the sense that it is a force to recon with. The fact that it is already enjoying support from major countries shows that cryptocurrency has come to stay.
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I think you should take a look at pundi X. This coin has great potential and the team is quite serious and sincere with a working product. Visit their site and do your due diligence before investing. The amazing thing is that you earn 7.3% of what you hold monthly, meaning that you earn money monthly. I am enjoying this already.
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The trust for ico is diminishing gradually and it may end any moment from now. This will definitely spell doom for any project hoping to raise money via this means. So many people have been scammed in the name of ico. Since nobody wants to loose money, people may have to wait till tokens are listed on the exchanges before investing.
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The situation with the prices of cryptocurrencies is not limited to Bitcoin alone. All of the are currently down and you can only base your investment on speculations because it is difficult to specifically confirm any cryptocurrency that has the potential to earn you huge returns on your investment at the moment.
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The most important thing is to try as much as possible not to loose money. So for a newbie without any knowledge of cryptocurrencies trading, it is important to just hold your cryptocurrency. You have to learn how to trade very well before you can have the confidence to trade and earn.
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