What does the future bring? Through the eyes of giants
All of us here have a personal opinion where cryptocurrencies are going to in the future, or at least some of us are hoping for clear skies. All are not going to make, as cryptocurrency traders and hodlers ranks are filled with rookies. Making money is not easy and even veterans often fail.
But lets forget our own thoughts for a second and visit the thoughts of giants.
Brian Armstrong, the CEO of Coinbase points out that historically the price of Bitcoin has exploded 4 times after which a major pullback followed. But all these explosive growth moments have introduced new technology, new use cases, new sides to the cryptocurrency scene.
According to Armstrong, the real-world usage and adoption of cryptocurrencies is moving up in a steady fashion - and we can all attest to that. New shops and services accepting cryptos popping up, major banks entering the scene and so on.
Armstrong goes on to point out that a few years ago, they were signing up 500 people a day for Coinbase. The next year the number was 5000 people per day, but now, he says, a whopping 50 000 new users sign up for Coinbase services per day.
On a further inspection, this number - 50 000 new users per day - applied during the 2017 December peak. It may or may not be lower today. But there is one blockchain wallet and investing service, who actually does sign up 50K new users per day. Peter Smith, the CEO of Blockchain says:
Materials:
cryptonewmedia.press
Remember the charismatic CEO of Bitmex, Arthur Hayes? Of course you do. Arthur Hayes wants to share his thoughts about Ethereum and Bitcoin.
According to Hayes, Ethereum is a total shticoin and it's slide should only come to halt, when it's price has reached a double-digit number. Puffed and pumped by Venture Capitalists without any experience, who have no idea how to properly trade and no clue about exiting a position, the VC should, according to him, all flee to the tiny door soon, leaving behind skidmarks of blood and crap.
For Bitcoin, Hayes has to say this:
My hunch tells me that similar to the 2015 bear market, the price at which the average miner turns off their ASICs will be the local bottom.
Where is that, can be anyone's guess, but you can read Hayeses entire rant here on BitMex Crypto Trader Digest.
Materials:
cryptonewmedia.press
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thanks for sharing this important information
Posted using Partiko iOS
The future will bring a higher adoption for cryptocurrency in time. 😁
Coins mentioned in post:
How is a bot like this made?
i deeply believe crypto and blockchain will be our future world, but still need take some time to build it :)