De Sudden arrives at a very optimistic forecast for 2018.

In 2017, the cryptographic currencies produced furor. From the category of unknown technology, which is only understandable to a few crazy thinkers and geniuses, they have become a popular phenomenon of general interest. The number of requests on Google "what bitcoin" has quadrupled in the last month of last year: people were looking to learn more about the nature of this revolutionary technology. Everyone was interested in technology and its impact on the financial sector, right? Do not! Everyone was interested in a fantastic price increase.

It's about money

Although the blocking technology, the underlying cryptocurrency, is revolutionary and can improve the performance of many industries, it is not these characteristics that attracted the attention of most people. The global HYIP was generated by an unprecedented price increase of almost all cryptocurrencies last year. Investors got exorbitant profits: for example, the price of XRP, the Ripple token, increased by more than 30,000%.

As encryption currencies proved to be a better investment than anything else, for a long time people were eager to invest, which only increased demand and contributed to a further increase in prices. Many investors had no idea what these cryptocurrencies are, why they were created and what problems they solve. Confirmation of this fact: a large number of fraudulent schemes, exposed in 2017.

Typically, a typical popular crypto project, which promises gigantic profits, attracted many investors who had enough of their popularity and promises. Investors did not bother looking for additional information and were more than willing to invest their own blood. Investment fever peaked when people invested in a cryptographic currency called Ponzicoin. The project was touted as the first "legitimate" financial pyramid in the world, which did not scare investors. This is one of the clearest indications that most people do not understand the nature of the cryptographic currency.

Many, who invested in 2017, really made a solid profit, and some of these lucky ones even saved for "Lamborghini". It was expected that by 2018 the market would heat up even more, but, unfortunately, this did not happen, and most of the kriptovalut lost value twice. Although in recent days the market has shown some signs of recovery, it is still far from reaching record levels.

Uncomfortable truth

The recovery should not be interpreted as an indicator of the final maturation of the market, since it is far from its maturity. The sad truth is that the criptodivisa sector has fought for stability ten years after birth. Many investors see this situation as a way to make quick and easy money. Perhaps this category exceeds the number of those who understand what real problems cryptocurrencies solve, and this is one of the most serious difficulties.

This group will not hesitate to sell the last coin if the prices go down: after all, these people came exclusively for money. They are even ignored by the most insignificant negative news. (Remember the episode when Google banned advertising from the cryptographic currency and the price of bitcoin decreased by around $ 1000 for a few hours?) A beautiful illustration.

True crypto followers, "true believers", understand how technology works, how applications work, what equipment is behind their favorite currencies and what the usage scenarios are. For example, Ripple fans understand exactly how this cryptocurrency facilitates cross-border payments, Etereum lovers understand how smart contracts automate cumbersome processes once, Monero followers appreciate privacy, which provides currency, and so on. They are not kept in the prohibition of advertising in rigid cryptocurrency policy of the Securities Commission, in the ban of the OIC in China and the fact that Warren Buffet has called Bitcoin bubble.

As the market matures, people who come for easy and quick money will be phased out, and the time will come when all coin bearers will become "true believers." While the market is volatile, and prices in the foreseeable future will continue to grow, but sooner or later the scenario described above will materialize. Cryptocurrencies that do not solve real problems will be eradicated, and only coins that improve life will remain: more convenient, efficient, profitable and fast.

Well, for now, hold on tight to your cryptocurrencies, because this year they will fly to unprecedented heights!