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Author Topic: Regardless of the continuing bear market, the fundamentals keep improving  (Read 147 times)
omonuyak
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January 30, 2019, 08:38:59 PM
 #21

Yes the market has fallen again.

But us hodlers need to know that the infrastructure is continuing to improve.

https://cryptomenow.com/despite-the-crypto-winter-here-are-some-reasons-why-bitcoins-adoption-is-still-looking-very-strong/
The  market has not been doing too well since last year even with some good news we have at the end of the year.  Cryptocurrencies market really need more good fundamentals analysis for it to recover and makes significant progress.



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January 31, 2019, 06:11:25 AM
 #22

~ the last bull run of 2017 was nothing related to the actual growth of bitcoin.

and why do you think that?
2017 was one of the best years for bitcoin both in moving forward with the technology and the mass adoption of it as a currency. so i don't get why you say it was not related to actual growth of it!!!
for starters in 2017 we saw the end to a 3 year old debate for scaling bitcoin and we finally moved ahead with development. it opened up way for at least 4-5 other things such as LN, Schnorr, Signature aggregation.
on top of that we had multiple big adoption cases such as Japan where their government accepted bitcoin as a legal way of payment. so the big ATH wasn't really that surprising considering all these actual growths!

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January 31, 2019, 02:44:12 PM
 #23

~ the last bull run of 2017 was nothing related to the actual growth of bitcoin.

and why do you think that?
2017 was one of the best years for bitcoin both in moving forward with the technology and the mass adoption of it as a currency. so i don't get why you say it was not related to actual growth of it!!!
for starters in 2017 we saw the end to a 3 year old debate for scaling bitcoin and we finally moved ahead with development. it opened up way for at least 4-5 other things such as LN, Schnorr, Signature aggregation.
on top of that we had multiple big adoption cases such as Japan where their government accepted bitcoin as a legal way of payment. so the big ATH wasn't really that surprising considering all these actual growths!
Most of the improvements came after the increase. That 3 year debate of what to do to improve the technology didn't happen during the 900 dollars or 3 thousand dollars or whatever, it happened because the price hit 20 thousand dollars and we needed to find a solution to the increasing hype of bitcoin.

Hence, we can't say the improvements helped bitcoin reach 20 thousand dollars, we can say 20 thousand dollars helped improvements get done quicker. That is what I think the original poster you answer to means, of course I don't know him so I can't say for sure but that makes the most sense. Whatever improved in bitcoin, either the technology, or the interest, or even the financial funding provided to crypto companies all happened on the worse bear market of our era.

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