What was the start of 2018 like for Bitcoin/Cryptocurrency
fans!? 2017 ended very well in the crypto space with bitcoin becoming the most
popular cryptocurrency, almost hitting $20,000. The crowds rushed into the
game. Many have heard of bitcoin but always thought it was a bubble. It seemed
insurmountable, it turned into a bubble that no longer...seemed real in the
end...especially with the increase in the number of companies involved. Records
have been changed around bitcoin. People rushed to HODL some and some older.
Companies have developed revolutionary methods for hodlers to further multiply
their bitcoins. The excitement became real and sensational. Looking at these charts
of Bitcoin's skyrocketing growth, we kept the mind of the general public.
People have made an incredible amount of coins.
But that feeling didn't last long...
Around Christmas 2017, fees dropped significantly and the
king fell below $11,000. The people are in a panic! But there were possible
reasons such as people taking their bitcoins to spend during the tour season,
normal style, no traders, etc. People calmed down. There is a desire that with
the beginning of the year things could get better pretty quickly and that the
king could again earn up to $20,000 a minute. That everything will return to
normal again.
But things seemed to take an exceptional turn...
Today, the king is still trading at ~$14,000, dropping to
$11,000 from time to time. Many crypto lovers have tried to find solace in
buying and selling special cryptocurrencies (altcoins), but every morning they
wake up with crimson indicators. And they are a little more afraid. Adding salt
to the wound, North America (Canada) came up with a bang, banning some
cryptocurrency companies from going there. Residents are not even allowed to
participate in many ICOs.
Could this be the final denial? Isn't that a bubble in the
first region?
Well, the best I can do is speculate, because I'm by no
means an expert on these things... just a normal woman who knows what crazy
money can be made in this organization. Cryptocurrency millionaire creating a
solid fortune in crypto regions. All I can say is that this is just the
beginning. Bitcoin/cryptocurrencies go through a furnace like iron or any other
precious metal goes through a refinery. What started as a bubble, what started
as a fluffy dog story, is turning into a problem that could throw banks and
individual financial institutions out of a rut. Many are switching from fiat
currencies to bitcoin. Do we expect governments and banks to just sit back and
watch? No, this will not happen. Things will get a little messy before they can
get any better sooner or later. And that's why the US government and emergency
governments need to be available. They must find a way to get their share.
The thing is, here are a lot of things that we can't explain
in terms of cryptography around the world. Many FUDs continue to happen all
over the world with a purpose. The most recent of these is the Korea stock
exchange shutdown group that panicked by the hundreds due to the plummeting
truth fees... but it wasn't genuine. There is a group of narrow-minded people
on the road who often insist that Crypto is a scam, just like thousands and
hundreds of people resisted the Internet in those days. However, others have
actually been scammed out of bitcoins. And, of course, bitcoin can be very
risky. What we have seen during these months fully explains this volatility. In
fact, if you have a sensitive heart and a very low level of risk tolerance, you
are better off staying away from the bitcoin world. Or at least tweak what they
can without losing the issue.
Where is the crypto revolution headed?
Unless you were born the day before or chose not to see it,
cryptocurrencies exist to live. They can also take on outstanding forms and
office work, with a king, but I don't doubt my thoughts. This is your time. I
look at cryptocurrencies like a pregnancy. No matter how you hide it, try to
disguise it, try to fight it, you won't be able to do it for long. It will come
true. Yes, things will get a little more complicated as the left-right and
center sliders try to get their share. However, those who are well-established,
people who are willing to swim in these waters and play sports, will get a BIG
advantage.
