End of the ICO era? Ethereum's Hash Rate doesn't look good
It’s no surprise that there was a lot of Bitcoin/FIAT made during the elusive ICO era brought on to us by blockchains such as Ethereum and NEO. With the notion of making money at hand however, scammers and corrupt companies were quick to emerge.
With bans from China for cryptocurrency trading and ICO’s many people were thinking that this was negative news for Bitcoin, along with other countries doing the same.
Now let’s stop for a moment here.
Countries banning illegal practice of investing and trading is considered negative in the cryptocurrency space?
We need to stop and think for a moment.
A: Do we want: A cryptocurrency community that is divided by the likes of scammers, and investors. Scammers make up 5% of the industry, there are still 95% of amazing people out there that are genuinely into cryptocurrencies.
Or do we want
B:A safe experience where users can easily buy/sell cryptocurrencies. A place where users can invest without being scammed, with actual financial regulations put in place that prevent businesses from operating such dodgy operations. If your answer was B, you're correct - the bans on ICO’s and illegal cryptocurrency trading HAD TO HAPPEN! Albeit it did slow down the uptrend of Bitcoin.
However, as with any market this is A CORRECTION! We’re not going to continuously fly up to the moon, sometimes we need to go back to earn and get supplies to keep on moving until we finally hit water!
Whilst mainstream adoption could come later now, we’re on the right path that is more to the legal side of the fence. This is great news. However, many people are worried where Bitcoin, or cryptocurrencies for that are going.
People are worried that after December many portfolios that are using the “HODL” strategy are down around 70%.Where do we go from here? One question we need to ask ourselves, is how actively mined the top cryptocurrencies are, and how that could give us an idea of where things are going.