It is a fact: the cryptomarket is on the diving mode! Is it the crucial period for the bitcoin and the altcoins? Is it the end at the tunnel's exit? Is this continuous downtrend a sign of the cryptomarket's fatal decadence? Is this negative momentum predicting the total annihilation of the cryptosphere?
Most of us are certainly disappointed, the trend is not the expected for a long time, crypto-enthusiasts lose faith -aka trust- and eventually sell at low thus proving the complete loss of any last hope. The Bitcoin is it really going to capitulate? The Institutions are the rulers of the global economic activity. The Bitcoin is the challenge. If the Institutions cannot dominate the Bitcoin if the Institutional control cannot be fully applied on the crypto-economy then the way to handle it is to undervalue it.
Every economic activity is based on emotions such as on basic needs. Emotions generate trends, the market is its psychology at any given moment. When bearish periods users tend to become pessimistic. In the case of a constantly crashing market users could reach the limits of depression. Thus there is no chance for a fast recovery. The more the pessimistic mood in the air the less air for a deep breath. And the market is eventually suffocated.
And, Institutional funds will attempt to swallow crypto-funds, it is a very probable situation considering the absurd game of ETF approvals or disapprovals, the role of central banks and their vital interests, the eminent global deficit that leads to an imminent monetary collapse etc...
But... I 'm optimistic! Because of the nature of the cryptos, because nothing can swallow, undervalue or simply destroy the Blockchain!!! Because Bitcoin and most of the decent altcoins are simply not money, at least as we all conceive what is money - if we conceive it the right way. Because this kind of new economy is not based on the Debt, every attempt to control it via the Institutional market's economy causes serious damages to the whole Institutional system of payments and gives riddles to resolve for the Central Bankers. Eventually, it is rather probable that the Institutions will be adopted by the Blockchain technology and the growing crypto-economy than the opposite to happen...
Well, am I too optimistic? Is it all this digital economy a money for nothing scheme? Let's answer by a question: Is it really the right time to analyze the future of the digital economy? It's Christmas time out there, why don't we enjoy Mark Knopfler, Eric Clapton, Sting, Phill Collins in a great performance, it's a festive period, isn't it? Let's forget for a while the prices and cryptos, let's invest in love, peace, and serenity and the miracle will happen!!!
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