Crypto is Not a Fad
Cryptocurrencies are definitely going to be relevant in the future. Many new tokens are taking on utilitarian functions. This means they will be used specifically (not exclusively) within their respective projects. Some of these tokens have some very profitable projects to support. Trade of these tokens will likely be sought after.
The fad phase of crypto is the belief in a universal currency after Bitcoin. Ethereum, Dash, and Ripple are the most likely to stay around after the fad crashes. EOS, Litecoin, and ZCash are probably going to fall victim to or even cause the fad crash itself.
These currencies are caught up in the fantasy of believing they are the new world order. Bitcoin had this stigma as well from the whitepaper. It defined decentralized as having nothing to do with a central bank. As of late, decentralized has come to mean crowdsourced, and many new tokens have taken to using the term to mean the utility token of the project will pay out to members who participate in the project.
Traditional investment managers have loosely called crypto a "bubble that hasn't exploded yet." This means that the fad of the currency in general hasn't worn off, but it will and hvave drastic consequences. That's what happened to the .com market. For a few years the .com industry was worth billions. It quickly fell off with the advent of GoDaddy and other website platforms that mass marketed that anyone could make their own website and sell it.
There's something that crypto has that the .com market didn't. Value. The .com market depended on websites that had visitors. There got to be so many websites that people would quit visiting the big websites. It drained the market with saturation. Crypto depends on users and new functions. It will be a long time before crypto "pops" and people stop using it, if ever.
Adaption is the biggest challenge in crypto. Some companies have found that crypto makes payments easier and more accessible. They have seen an increase in profits. Others are going to feel the brunt of the new trade policies and slowly adapt or go away.
Crypto and Bitcoin are here to stay, and if you don't get on the train now you'll be left at the station thinking shoulda, woulda, and even worse coulda.
Cool article. I've been watching the market closely since the end of 2017 peak.
If we leave the crypto world and speak to the general public, you will realise we are nowhere near bubble territory. Most people still have no clue what cryptocurrencies are, let alone how to buy some.
The volumes have held up well, even if the prices have dropped.
The fact that people are talking about it means out of many of those that were drawn in by those price rises, a good number have stuck around.
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