[2019-2-6]People are Losing Interest in Cryptocurrency and Blockchain Technology

[Vladdirescu87]

As the crypto market lives through a bloody bearish movement, which has been continuing for approximately 12 months, the number of fintech enthusiasts has significantly decreased. While the top cryptos, including Bitcoin, Ripple, and Ethereum are 80% down from all-time highs, leading blockchain experts noted that it might not be the prime time for the technology.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cryptocurrency-blockchain-technology/

[passwordnow]

Nope, I don't think so. Look at the fundamentals not to the bearish market, you see that companies are just on getting interested with blockchain and cryptocurrency. If the basis of most would be the market's front value, yes you might not see the positive side.
If the comparison starts with how much the market lost, it's the market cap not the adoption that's being done by these start ups and fintechs that adopted blockchain technology and added crypto to their payment system.

[LeGaulois]

Are you mixing Fintech and cryptocurrency? Because both are different industries... oops, Coinidol dot com, I got lost...
The real fintech enthusiasts aren't really interested in cryptocurrencies by the way and the fintech industry doesn't need it. Pretty the same with blockchain,

[yesyes18]

You know what, this is why I say these people (Press) are out of news. So they just bring up old stories making them seem as something new. We all know people stopped developing interest in investing right from Q2-Q4 2018 when the bear market actually got real. But what we alll also know again is that, the fundamentals are strong now more than ever. People are building better projects and ventures.

I think it's about time we started ignoring such stories. The press always want to write something to get readers. In fact, this is an old sh*t that we all know of. ICOs have declined, etc

[Ozero]

I see that interest in blockchain technology is only growing every day. This technology has already proven its reliability. It will develop regardless of the further fate of cryptocurrency.
  As for cryptocurrency, while it is experiencing temporary difficulties. Interest in it, of course, should fall while the market is in a long stagnation. The cryptocurrency market will recover and interest in cryptocurrency will grow. I do not see yet any serious cause for concern.

[cryptofonia]

The interest for FinTech only grows, especially in Russia https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

[pixie85]

As the crypto market lives through a bloody bearish movement, which has been continuing for approximately 12 months

More like 14 months now. They can't even count properly.

The interest isn't decreasing at all and a loss of 80% is called a market cycle. Bitcoin is losing 80 or more every cycle and there were at least 3 that I can think of. None of them stopped people from being interested. Losing money doesn't equal losing interest. When your business runs out of money you don't stop and give up but start another business.

[CryptoBry]

This is quite normal especially in the face of the bearish market but years later we might find that the falling away can be good for cryptocurrency in general because we are getting rid of people who are here just to speculate who are not having any real interest and even basic knowledge on this industry. Any new technology will always have its own ups and downs but the most important challenge is to find practical uses of cryptocurrency so that we will always have loyal people or loyal markets. Speculations can be helping at the start but there is no sustainability in there...but if there can be practical uses then we can expect real loyalty. And this is where the whole platform should be going...

[davis196]

What do you mean by "fintech enthusiats"?The people that buy cryptocurrencies for trading/hodling purposes or all the crypto/blockchain/exchange dev teams?If you mean the first group,that's perfectly normal.They will return,when the new crypto hype wave starts.

[michellee]

There will be new people will have an interest in cryptocurrency and blockchain technology, and it's not just because of the bearish market. I think the bearish market is useful to reset the market and leave the greedy people because they only want to make a profit than to follow the journey. I am sure that from this year, cryptocurrency will reach more people, besides that, cryptocurrency still new things that many people don't understand how it works. So soon, they will learn more about cryptocurrency, and they will involve in the blockchain technology.

[BLAST2MARS]

The majority of people that have lost their interest with the tech overall are not really interested about it right from the start. They're just spreading the word about it and how they liked it because of the profit. So they are just interested about it because it's a good market to make a lot of money.

[joniboini]

Reading news like this kinda reminds me how media in the sports industry works. Hyperbolizing stuff from 1 or 2 matches, or football pundit who said anything that they wanted without shame like judging how bad a defender is on one match while ignoring the rest of his 150 matches.

Please stop generalization, use facts and data next time.

[buwaytress]

What do you mean by "fintech enthusiats"?The people that buy cryptocurrencies for trading/hodling purposes or all the crypto/blockchain/exchange dev teams?If you mean the first group,that's perfectly normal.They will return,when the new crypto hype wave starts.

You're absolutely right, Fintech enthusiasts indeed. Guys who probably never read anything outside the sphere of pseudo-technology. Guys that think trading apps that allow you to trade Bitcoin indices are the same as investing in or owning Bitcoin. Guys that "store" deep portfolios and tell everyone how much they have when prices are up, and then quietly sell off bit by bit to return to their favourite euros or dollars.

Only thing I think they won't do is return. They might suddenly get up and remind everyone they were "in early", though!

[1Referee]

The thing with bear markets is that they are very deceiving when it comes to statistics of searches, mentions on social media, etc.

A lot of people rekkt themselves badly after buying in near peak levels, and now the shilling is over, and people are too embarrassed to even talk about crypto (because no one wants to say they bought the top or hold whatever shitcoin right now), statistics show declines that make it seem like there is no interest anymore, but these people aren't gone, but just silently hiding somewhere in a dark corner.

Once the price starts pumping for months straight, these people will find their way back to social media and start the shilling game again.

[Naida_BR]

People are losing interest in cryptocurrency and blockchain because governments have said so. They have posed so many regulations against these innovative technologies for the reason that they want to make people lose interest and make the technology to be forgotten. This way, in some years in the future, governments will be the first to adopt these technologies bringing benefits to their citizens.

[romero121]

People are losing interest in cryptocurrency and blockchain because governments have said so. They have posed so many regulations against these innovative technologies for the reason that they want to make people lose interest and make the technology to be forgotten. This way, in some years in the future, governments will be the first to adopt these technologies bringing benefits to their citizens.

More than bringing benefits to the citizens, they focus on making themselves grow. Now that's the reason why governments were spreading negativity about bitcoin as well framing strong regulations. Implementing of blockchain technology on each and everything will lessen their power, as everything will be transparent and citizens have the right to question the government if something is wrong which we cannot do with the traditional system as everything is hidden and done as per the need of the government and not of the citizens.