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RE: Why CryptoCurrencies are Falling
Crypto currencies are still in their infancy so I agree it is too soon for mass adoption. Use in the business world will take the lead and use by the masses will only follow after. Once businesses have shown how successful blockchain technology it will be good advertisement for mass adoption of the technology.
At the moment cryptos still limited to a small section of the population and funds are exhausted because of the recent ICO fever. Many as a result are locked in until the project come on line. Many of these project will become active fairly soon by Q4 2017 or by Q2 2018. If these blockchain based companies prove themselves to be a hit then I would say that cryptos mania would really pick up again.
so many things coming late 2017 and next year, so i'm not concerned, but for now its definitely not ready.
I am looking forward this!
"Once businesses have shown how successful blockchain technology it will be good advertisement for mass adoption of the technology."
Agreed, but how do we know that the business world maybe create/use their own cryptocurrency instead of using ours?
We'll just have to wait and see. Blockchain technology can make them honest because there is a high level of transaparancy. A lot of the recent ICOs ride on top of the ethereum blockchain so in effect they are not cryptos per se, but tokens. To be able to use their platofrm you need to use their tokens. The success of the tokens depend on the success of the business. For example - FUN, PPT, VERI, SNT to name a few.