Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?steemCreated with Sketch.

in blockchain •  6 years ago  (edited)

With only ten years of the launch of Bitcoin, the first cryptocurrency we could call the "genesis" block of this cryptographic process that has revolutionized the financial world as we knew it, the cryptographic industry is advancing at a dizzying speed every day we see how new projects take place in the scene improving or trying to improve those that exist, however Bitcoin has remained as spearhead by setting the pace of the prices of the other cryptocurrencies by dragging them up or down according to the trend of their current price.


Fuente

After a decade of its irruption in the world economic scene, now, what's next? Is the bubble definitely deflated? Is the time for a stable trend and the mass adoption of this virtual currency?

Historical behavior

Let's look at the historical behavior of the price of the "alpha" currency in the Blockchain and try to understand what awaits us in the future, obviously we can not be certain of what will happen in the future but the study of the historical behavior of a market It throws us data that allows us to intuit more less than it can happen in the future, you will not have 100% certainty, but if you can get closer to understanding what comes next, it is the principle used by stockbrokers or cryptocurrency enthusiasts. Know when to buy or sell.

I have been working on a new electronic money system that is totally peer-to-peer, with no trusted third party.
• Satoshi Nakamoto

Since this famous unknown said these words have happened many things around his creation:

Historical price behavior

The first year of its launch between January 2009 and January 2010 Bitcoin did not register any value in reference to existing fiduciary currencies, at the end of May of that same year it was that the currency began to register value arriving at a price of 0.003 $ , for July 2010 and it cost 0.08 $, in 2011 the incipient virtual currency reached the historic sum of $ 1 this indicated that people began to trust this monetary alternative.

For that same year, specifically on June 8, 2011, Bitcoin had climbed to $ 31, which experts called the first "bubble" that preceded the first fall in the price of the BTC. In December 2011, the currency fell. price to reach cost $ 2, apparently the Bitcoin had lost confidence and seemed the end of the illusion, a year later in December 2012 a little recovered to be quoted at $ 13.

April 2013, $ 266, May 2013, $ 130, June 2013, $ 100


Fuente

November 2013, $ 350 - $ 1250: From October to November it went from $ 150 to $ 200, growing in this month to $ 400, then $ 600, $ 900 and finally breaking the ceiling of $ 1000 on November 27, 2013

December 2013, $ 600 - $ 1000: The price plummets to $ 600, bounces back to $ 1000 and falls again to $ 500. It stays oscillating between $ 650 and $ 800

Between January 2014 and December 2017 the currency fluctuated reaching high peaks and fall, but it was December of this year when it registered its historical maximum approximately eight years after its launch.

December 17, 2017. $ 19,900: Historical maximum of 1 BTC according to CoinMarketCap. South Korean exchanges passed $ 21,000 for every 1 BTC.

February 2, 2018. $ 6,375: Just over a month after the historic high loses more than two thirds of its value in an extremely strong price correction.

February 20, 2018. $ 11,785: Increase the value of Bitcoin again.

As of April 2018, the BTC price starts to fluctuate between $ 3,000 and $ 6,000, maintaining that trend throughout the
year and so far in 2019.

For some experts the real price of the BTC should stabilize around $ 6000, what are they based on to assume this? I do not know, I have even read some authors who speculate that Bitcoin can reach its historical maximum, reach $ 50,000 or even $ 100,000. We'll see! What is clear is that about two years ago the BTC reached its historic maximum and apparently remains in a line that has not been able to overcome.



Fuente


Historical in the creation of cryptocurrencies

According to data, there are more than 2000 blockchain-based projects in the world, of which more than 1600 cryptocurrencies are listed in Coin Market Cap. All these projects have multiplied exponentially the number of cryptocurrencies in relation to a decade after when everything started with the "Genesis" block of BTC.

Cryptocurrencies are developed in many countries of the world and what is most striking is that not only in the developed countries are projects based on Blockchain emerging, poor or developing countries are saying that they are becoming more and more present in the world of this technology developing projects that promises to revolutionize Latin America.

In Latin countries there are already more than 20 cryptocurrencies, of which I will mention some in this publication:

ARGENTINABRAZILCHILECOLOMBIA
JasperCoin (JAC)Nióbio Cash (NBR)ChauchaCelCoin (CELC)
COSTA RICAECUADORMEXICOPERU
PuraSucrecoinAgrocoinLekCoin
URUGUAYVENEZUELA
e-PesoOnixCoin (ONX)

Just to mention some cryptocurrency projects in Latin America, being Venezuela the Latin American country where more projects of this type have been developed including the controversial Petro created by the Venezuelan government.

First of all this cryptographic panorama I return to the title of my publication, What to expect in the future, of cryptocurrencies? What does the future hold? Can BTC overcome its historical maximum or are we facing the stabilization of the crypto market?

Share with me your opinion about this topic, I am open to any comment, suggestion or clarification of this topic, I will also respond kindly to each comment you want to make.

Note: this article is framed in the hope project PROJEC #HOPE.

FOR VENEZUELA IF THERE IS HOPE!

Pr EV


Proyecto Esperanza.jpg

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Always interesting to know more about cryptocurrencies and creation projects! Thank you for the post @fucho80 :)

Dear @tysler, thank you for visiting and commenting on my publication. The world of cryptocurrencies is very interesting and in constant movement it is always interesting to read about this topic.

Blessings
Pr EV

Dear @fucho80

Another great piece of work buddy. Amazing introduction to world of cryptocurrencies.

Is the time for a stable trend and the mass adoption of this virtual currency?

We're stil far from mass adoption. Lack of proper regulations around the world is still an issue. Lack of TRUST is another big problem. But at the same time crypto space is moving in right direction. So I can only be optimistic.

ps. I found your post interesting and valuable and I decided to share with with wider audience (people that I know and who share similar interests towards AI and blockchain). Hope you dont mind :)

Yours
Piotr

Dear friend @crypto.piotr, thanks for reading this publication.

Another great piece of work partner. Incredible introduction to the world of cryptocurrencies

This is very motivating for me, thanks for such kind words, coming from you I feel privileged to receive this valuable comment.

We are very far from mass adoption. The lack of adequate regulations around the world remains a problem. Lack of TRUST is another big problem. But at the same time, the cryptographic space is moving in the right direction. So I can only be an optimist.

Then I can understand that it will only be a question of time the massive adoption? I am also optimistic about this, waiting for the necessary to happen so that we can see the dream fulfilled.

PD. I found your publication interesting and valuable, and I decided to share it with a wider audience (people I know and who share similar interests towards AI and blockchain). I hope you do not mind :)

Friend, for me it is a privilege to be able to share my work with other people and to help me spread it is something wonderful.

Thanks for stopping by here brother.

Dear @fucho80

I just visited this topic one more time to have a look at amount of your comments and I'm highly impressed :) Great job buddy

Piotr

Thank you friend, making an effort to fulfill the commitment that this work represents and trying to be reciprocal with those who support.

Thank you for making me aware of this post Piotr. Great read.

@fucho80, reading your post reminded me of why everyone was so excited about Bitcoin and crypto's in general. Very good read.

For myself, when I look back, I think the most important item is the issue that the Bitcoin code solved. Essentially it addressed the Byzantine general issue. Let's say you have a number of generals deciding on whether or not to attach a foe. No one general can succeed with out some of the others, but who will go first and who will follow. The logic behind the Bitcoin code solved this problem using the concept of a blockchain protected with cryptography. Cutting edge at the time.

The Bitcoin code opened the door for more cryptocurrencies who have moved from proof of work to proof of stake and even a few other modes. But to my way of thinking, it is not the value of the coins or tokens that is important, but the trustless structure that can and are being built by top businesses.

Major companies such as Ford, Google and Amazon are taking out patents on blockchain technologies at a very rapid pace. So while coins may come and go, the technology is here to stay and will continue to evolve.

Friend @guysellars, thank you for visiting my publication and drop this comment that has impacted me.

Let's say you have a number of generals who decide whether or not to unite an enemy. No general can succeed without some of the others, but who will go first and who will follow him. The logic behind the Bitcoin code solved this problem using the concept of a blockchain protected with cryptography. The vanguard at the moment.

Wooo, A scientific and detailed analogy, is a very good explanation of the Blockchain and its operation, I agree with you is a very safe innovator that generates trust in people, which makes Bitcoin and cryptocurrencies a very valuable asset.

Major companies such as Ford, Google and Amazon are obtaining patents on blockchain technologies at a very fast rate. So, while currencies can come and go, technology is here to stay and will continue to evolve.

This of the main companies adapting to the use of the blockchain further strengthens the trust in Bitcoin. This becomes an engine that drives Bitcoin to its real value. If you have not got it yet.

Thanks once more for your comment, you leave me a valuable teaching.
Pr EV

Hello @fucho80

That's an amazing piece..a great showcase of the journey of BTC and other cryptocurrencies.

In my opinion, lack of stability and trust issues, are some drawbacks that needs thorough attention so that people from, around the globe feel free and confident to trade in..

In anyways,the more trustworthy the payment system is, the more it will generate customer participation.

Lastly, thank you @crypto.piotr for sharing this link...it's really amazing.

thanks
jeoleena

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Dear @jeoleena, Thank you for visiting this blog and reading my publication, it is a pleasure to be able to read your comment.

In my opinion, the lack of stability and problems of trust are some drawbacks that require exhaustive attention so that people around the world feel free and confident to trade.

I totally agree with you and I think it is in the opinion of many people, the instability of bitcoin prices generates distrust in investors and this is something negative for cryptocurrencies, as soon as there is stability I think things can improve.

Thank you, it is a privilege that you have visited me.

Pr EV

I agree that the space is moving in the right direction. The trust part will be resolved with the next financial crisis and the regulation part I believe it's not that relevant if we are talking about public and permissionless blockchains. Most probably, governments will have a real problem with these blockchains when they become a real competitor for institutions, we will see :)

Most likely, governments will have a real problem with these block chains when they become a true competitor for institutions, we'll see :)

My dear @lishu, thank you for visiting this publication and leave your comment. That is something that is coming, that is why many governments try to get ahead to be prepared, it is to imagine that now they are internally dealing with these issues and trying to take their forecasts.

Thank you for your visit.

Blessings.
Pr EV

Resteemed with great love and respect

and i have up voted the original post

Thank you for visiting and reading the publication, thanks for the support.

Blessings
Pr EV

Greetings,
To @crypto.piotr, @fucho80, and everyone,
I agree, the crypto space is moving in the right direction.
As a result of volatile prices, it is because of the people who understand it are still not massive enough, to be considered, so mass adoption may be for the internet savvy and technologically aware people at this point.
Those who understand blockchain technology already have great powers, but with great power lies great responsibility aka Spiderman.
Regards

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Dear @jackramsey, thank you for reading this post and leave your comment.

As a result of volatile prices, it is because people who understand it are not yet massive enough to be considered, so mass adoption can be for people with Internet knowledge and technologically aware at this time.

I think that is the case in many countries, it is the case in Venezuela, the people who have access to the internet are the ones who can now enjoy everything that Blockchain means.

successes
Pr EV

👍✌️👏🙋🏻‍♂️

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thanks for the memo @crypto.piotr I think it is time for cryptos to mature and take centre stage of finance

Hello there @fucho80. This is an amazing write up.
@crypto.piotr let me check this link out for me to read.

I hope Venezuela has already coped up with inflation. I believed there is sometime 2 years ago that the price of BTC is way 600% higher in Venezuela compared to what's in the market in USD value.

Seeing that most countries have already adopted crypto and created their own platforms, I believe that the evolution of digital assets would soon be a real success and widely used. Been here in this business for almost 4 years and actively playing in the exchangers too. Seen all the drama here but nevertheless, let's not lose hope and just HODL.

It gives us excitement every time there is a bull-run. We get to meet a lot of people who is also into this business here on Steemit or any of its condensers. Already followed you.

Dear @fycee, I'm really happy to read this comment, thanks for those wonderful and motivating words, I'm glad you like the article.

Seeing that most countries have already adopted cryptography and created their own platforms, I believe that the evolution of digital assets will soon be a real success and will be widely used.

It is the hope of many here, that the cryptocurrencies begin to have a wider use and that of that massive adoption that we are waiting for. I think we're doing well.

I have been here in this business for almost 4 years and actively playing in the exchangers as well. Seen all the drama here, but nevertheless, let's not lose hope and just HODL.

I'm happy to meet people who have experience in this type of business because this helps me grow. It is true that we have seen a lot of instability but I think that can improve.

We can meet many people who are also interested in this business here in Steemit or in any of its condensers. I already followed you.

Here I have met many valuable people and that gives me great satisfaction. I follow you too.

Thank you.
Pr EV

Dear @fycee

Thank you for your comment buddy.

Been here in this business for almost 4 years and actively playing in the exchangers too.

Wow. So you've seen a lot. Surely more than many of us did.

ps. Im sorry for your lost. I can hardly imagine how painful it must be to lose a dog :(

Yours,
Piotr

Thank you for the kind words, it truly eases the pain a bit. Yeah, pretty much I have seen a lot. I even have my first account here on steemit. @fyzeon. I lost my keys there already and never opened it up. If only I just knew then that Steemit is gonna be as huge as what it is today then I should've started it with a blast. That account was created August 2016.

Yeah I even proudly posted my first ever cash-out in BTC before from my HYIP earnings. Seen all the scams come and go. Literally seen Bitcoin reached its peak last December 2017 and also been given FREE Bitcoin Cash from its fork. A lot of wonderful things happened as well so the evolution of cryptocurrency will never stop as technology also advances.

Thank you for coming up with this nice topic to discuss with fellow amazing minds. :) Or sharing it to me.

Yes, I even proudly published my first BTC withdrawal before my HYIP earnings. Seen all the scams come and go. Literally seen, Bitcoin reached its peak in December 2017 and also received FREE Bitcoin Cash from its fork. There were also many wonderful things happening, so the evolution of the cryptocurrency will never stop as technology advances too.

wooo brother is a lot of condensed history here, these years sound little, but it's all about steemit's life. Something amazing.

Congratulations, I take my hat off.
Pr EV

In my perspective, cryptocurrency will be the next thing. I am not saying that it will be worth that much in the future, but in our modern world where computers and internet are already part of our society, usage of cryptocurrency will be in demand. It is efficient and can be used for transactions. It has many applications and it is continuously evolving.

Great article @fucho80.

In my perspective, cryptocurrency will be the next thing

My dear @edencourage, I totally agree with you, I am convinced that the use of cryptocurrencies will grow in the future.

Thanks for your comment.
Pr EV

Hello @fucho80. Memo well received.

Really intrigued by your article. Glad to see you've been paying close attention to the market.

For some experts the real price of the BTC should stabilize around $ 6000, what are they based on to assume this? I do not know, I have even read some authors who speculate that Bitcoin can reach its historical maximum, reach $ 50,000 or even $ 100,000.

That's true. There are lot of people going on the record arbitrarily quoting any price they want, saying so and so is the price btc will reach. We also have our very own unofficial mascot, John McAfee saying that bitcoin will reach $1 million by the end of next year. I am sure they have reasons behind their predictions. But as we have seen time and again, bitcoin has a reputation of always surprising everyone, be it critics or enthusiasts. No one person can play a major role, it's the whole network that will.

Great read. Thanks for taking the time.

I

Dear @reverseacid, thank you for kindly receiving the memo and for this wonderful response.

It's true. There are many people in the file who arbitrarily quote any price they want, and they say that this will be the price that the BTC will reach. We also have our own unofficial mascot, John McAfee, who says that Bitcoin will reach $ 1 million by the end of next year.

Correct friend, we find many predictions which we do not know if they are right or not, in any scenario of these optimists we will benefit, I think we must continue acting with sanity and hoping that these predictions come true.

Thank you for that valuable comment, I think that many of these days we are all right to be attentive to this market.

Success for you.
Pr EV

There is so many articles about adoption of cryptos among these countries, but, I hope I am wrong, that reports of this kind should not be coming from one source only, there should be more validating news reports of real and actual adoption.

It already happens that, a single news item is being used all over again of many crypto news agencies, thus no real validation of the latest updates on those articles, and no side stories and other angles are explored.

@fucho80 most of this developments are in their infantile stage, and have no real traction in the country that are mention.

We need more crypto-journalist who do not rely on just one report.

This is my angle to this article.

@fucho80 Most of these developments are in their infant stage, and they do not have real traction in the country they are mentioned.

Dear @guruvaj, thank you for your comment, it is possible that this is as you affirm but I also believe that some of these projects will go away.

We need more cryptographic journalists who do not trust a single report.

Of course, we need much more information in order to be able to judge with good judgment the progress of these projects, but since the mass dissemination with articles like this will attract the attention of more people interested in investigating this issue.

That is my personal opinion.

Blessings
Pr EV

If I'm honest, I can not keep up with all the new crypto currencies, because there's just too many of them. But some of them are made just for fun, some have somewhat real meaning, and some of them are made for doing business.

As few best programmers said.... in near future, everyone will have his own crypto currency and there will be exchange for all of them. Some of them will have no value, some will have it. But those in the top 100 will play the role of the market changers.

Some of them will not have any value, others will have it. But those in the top 100 will play the role of those who change the market.

Very true brother @worldfinances, today there are many cryptographic projects but there are some that make a difference.

Thank you for participating in this healthy discussion, for reading my publication and for the valuable comment that you dropped.

Pr EV

Indeed @worldfinances, there is just to many of them .

As few best programmers said.... in near future, everyone will have his own crypto currency and there will be exchange for all of them.

Do you personally believe that? I don't.

Yours
Piotr

It's not about belief, it is already happening. But the problem at the moment is, that to do something like that you have to have at least some knowledge to make crypto and put it on private exchange. In future this should be as easy as sliding on your smartphone

I think crypto has much more potential then we actually see and have seen many things like games being built on blockchains which i think will eliminate the cheat problems in most games going around i am also following the enjin crypto i think it will have an impact in game industry which will make more people look into cryptocurrency

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Dear @khussan, thank you for your comment I find it very valuable and with very good information.

I think that crypto has much more potential than what we actually see and we have seen many things, like the games that are built in blockchains, which I think will eliminate the cheating problems in most games. I'm also following the crypto enjin. I think it will have an impact on the gaming industry that will make more people look at the cryptocurrency.

Totally in agreement with you, there is much more potential to be developed, I think this is just beginning and that in the future we will be inundated with more incredible things related to blockchain.

Thank you brother, that you succeed.
Pr EV

Hey @fucho80 I found you once again via @crypto.piotr.
Thank you for sharing this nice introducition into the crypto space. I fell in "love" end of 2016, beginning of the bubble. I had zero trading experience and I have to say I made so many mistakes.

I do not know, I have even read some authors who speculate that Bitcoin can reach its historical maximum, reach $ 50,000 or even $ 100,000. We'll see!

I think that is really possible, depending on the mass adoption. We believe everyone knows about bitcoin but thats not the case. We are in a circle where everyone talks about it. So our horizont is limited to those who work/are interested in with crypto.

I still believe we are not done with the downtrend but soon there will be a new cycle and some new money to be made :)

Hope we can use the chance this time and make some good money.
Keep up the good work & all the best
Max

Dear @mcnestler, thank you for visiting my publication and commenting this work thanks also to our common friend @crypto.piotr

I think that is really possible, depending on the mass adoption. We think everyone knows about bitcoin, but that is not the case. We are in a circle where everyone talks about it. Therefore, our horizon is limited to those who work / are interested in cryptography.

Friend that is very encouraging for me, there are many people who share your opinion, I do not know if it will be because of the desire for this to happen but I am beginning to believe that something like this could happen and I benefit from this.

I hope we can take the opportunity this time and make some good money.

I also hope for that opportunity brother, you just have to stay alert and focused on this work.

Once again thank you for your valuable comment.

Much success

Pr
EV

John McAfee is still saying he'll eat his own dick if BTC isn't at least one million USD by end of 2020. We shall see.

The great stumbling block remains the verification process on most exchanges, which must be completed in order to convert fiat into crypto.

That's it right there... mass adoption will not occur if it's to depend entirely on people (inconveniently) maintaining local wallets barring some major catalyst in which the human herd is driven to mass adopt through crisis (like what is sort of occurring in Venezuela right now, or happened in Greece and Spain to a degree before).

I think John McCaffee's date was a little soon... I feel like the fiat lords could kick their can down the road at least a couple more years (he could be right though).

I think that John Mcafee's date was a little early ... I feel that the fiduciary gentlemen could kick their cans down the road at least a couple of years more (although I could be right).

Dear @jbgarrison, if the prediction of this man is going to happen, I think it does not matter if it happens two years later, it would be an event that would leave many crypt enthusiasts in a very good position.

If this happens that happens with the other cryptocurrencies, BTC will push them upwards

Very well said @jbgarrison72

ps. I would love to see John having lunch and his dick being served as a main dish :)

Yours
Piotr

Welcome dear @redpossum,

John McAfee keeps saying that he will eat his own cock if BTC does not reach at least a million dollars by the end of 2020. We'll see.

This guy is really convinced that this will happen, particularly I have not had the privilege of reading any McAfee work, I guess he must have valid arguments to affirm this, if that happens it will be something extraordinary for many, I hope to have something from BTC when that price explode

The great stumbling block remains the verification process in most exchanges, which must be completed in order to convert the fiat into cryptography.

I do not understand what you say about the verification process. What is it about?

Thank you friend for leaving that great comment.

Blessings
Pr EV

Dear @redpossum

I would love to see John having lunch and his dick being served as a main dish :)

What he is saying doesn't make any sense. If BTC would reach even 100k usd then we would already witness the biggest bubble in history of mainkind.

Enjoy your monday,
Piotr

well, @crypto.piotr, when you say that, I suspect you're assuming a situation in which the USD remains relatively stable. But in the event, much of the result McAfee predicts may be made up of the collapse of the dollar.

Did cryptocurrencies revolutionized the financial world or only in some countries?
As soon as it became a bit more famous in the Netherlands banks, taxes jumped right into it and to be honest it does not make it attractive over here. All the so-called benefits of cryptocurrencies we do not have.

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As soon as he became a bit more famous in the banks of the Netherlands, the taxes went up directly and, to be honest, he does not make it attractive around here. All the so-called benefits of cryptocurrencies that we do not have.

My dear @wakeupkitty, I appreciate your comment and the fact that you give me when referring to the particular experience in the Netherlands. I am from Venezuela and in our current economic situation, cryptocurrencies have become a real alternative to this strong crisis we are going through. The statistics say that in recent months Venezuela has become the country with the most transactions in BTC, being surpassed in the world only by Russia, you can see it here: https://steemit.com/blockchain/@fucho80/venezuela-crises-and-cryptocurrencies

In my particular case and I think that in the majority of Venezuelans in steemit this has become the sustenance of the family.

As for what you mention happening there, the government is also trying to put controls on cryptocurrencies, but these have become the safest way for migrants to help their relatives who stayed here.

Thanks for your valuable comment.
Pr EV

I understand how it works with you but it is just 1 country and I wonder how people without an income and relatives abroad can lay her hands on cryptocurrencies since I was not able to earn 1 dime here in the year I join.

You wrote: it changed the financial world worldwide if I remember it well and that is not the case.

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You wrote: changed the financial world around the world if I remember it well and that is not the case.

Dear @wakeupkitty, it is possible that in your country they do not have a good experience with cryptocurrencies, but in spite of this you are here in a network based on blockchain what tells me that the system reached you.

Maybe exaggerate a little by ignoimineto cases like yours, (I'm guilty) but the fact is that this continues to advance and sooner or later affect more countries in a positive way.

Thanks once more for your comment, you are very kind.
Pr EV

Why didn't you up vote wakeupkitty? You need to up vote people for steem to work.

Dear @coinchaos

I think you're very wrong. People care more about decent comments (like the one @fucho80 did) and interesting engagement instead of receiving votes that will have absolutely no value.

Even if you or @fucho80 would upvote some post or comment, then your voting power is just to small to make any difference. Basically your vote would give 0$ to anyone (if reward under comment has value less than 0.03$ then this reward is being treated as a "dust" and ignored by the platform).

Yours
Piotr

I think you are wrong, steem needs both. People want rewards for the value they add to the steem network. It will not work without up votes and engagement. The two are not mutually exclusive.
I did not know about this .03 dust threshold for steem. ty. But that is another negative for the network in my book.

Dear @wakeupkitty

All the so-called benefits of cryptocurrencies we do not have.

What do you mean by that? What benefits of crypto did you lose since taxes have been introduced?

Yours
Piotr

I never had any benefits of cryptocurrencies. In the Netherlands we always had registration, fees (even high ones), transaction costs and taxes over it and the impossibility to buy anything with it (same with credit cards by the way, high costs and less ways to use it and if you consider the fact not everyone can have one in the Netherlands at all).

The 'benefits' are what people (they) say are the benefits of it.

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A very complete piece that you have given us today, appreciated @fucho80.

Some time ago I heard of the release of Onixcoin. I thought it was great that this initiative was taken in Venezuela.
But I have not heard anything else about this. I will have to investigate.

This post is of high quality and has very valuable material. Thank you again Brother Pastor.

Yours, Juan.

This post is of high quality and has a very valuable material. Thanks again Brother Pastor.

Dear Juan, thank you for your kind words, you know that coming from you have a lot of value for me. God bless you and continue your successes.

Thanks for the support.
Pr EV

I say this because really, I really feel that way.

It has nothing to do with the fact that I appreciate you very much my brother.

You're doing better every day. You are getting over yourself pretty fast.

I know, brother, I know your words are sincere. I myself am surprised to see the evolution of someone who at the end of the year had no knowledge of this. I must also be cincero, @crypto.piotr to me challenged helping to develop the potential.

Thanks @juanmolina
Pr EV

Go ahead dear friend.

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Nice post, I think blockchain is only going to do one thing in the future. I do not think it needs to be trusted. It just needs to be better understood, but trust is not something that is needed in blockchain. Only person you need to trust is yourself.

Dear @coinchaos, thank you for joining this discussion.

You only need to understand it better, but trust is not something that is needed in blockchain.

There are few people who have received a comment like this, I understand that cryptocurrencies have their value based on the trust of the people. What arguments do you have to affirm something like this?

Pr EV

Crypto actually gets value from not having to trust people. It is a mathematical equation and once you understand it is secure you are good and don't have to trust anyone.

It's a mathematical equation and once you understand that it's safe, you're good and you do not have to trust anyone.

Ok I understand, then even though people withdraw their crypto confidence it will stay and not collapse. Good friend point.

Thank you.

Yes, exactly. It does not matter what confidence people have in bitcoin. Only person that needs to have confidence is yourself.

I understand friend, thank you for sharing your knowledge with me, you are very kind.

Your welcome

Hi @fucho80

Personally i do not agree with coinchaos words. Problem of trust exist and it's the biggest issue when it comes to anything that is decentralized. That's my opinion anyway.

Yours
Piotr

Problem of trust and it's the biggest issue when it comes to anything that is decentralized.

I imagine that it must be like you say, according to what I understand it is based on, but everyone has an opinion to the respect. I think that if you do not feel safe using something you just leave it and the less people use them, the interest will be lost.

Thanks, you're always clear.
Pr EV

Friend of Venezeula @crypto.piotr sent this interesting link to me.

Living in South Africa our fiat currency bounces around daily, conditions I believe in Venezeula are far worse, wishing you well going forward.

Crypto currencies are going to take a long time to become a reality in every day use, my reasoning is education along with security.

Too many smaller cryptocurrencies being introduced is actually causing a bit of confusion to those who don't know much about the technology.

Thank you friend @joanstewart, for joining this discussion and leaving this valuable comment, thanks also to our friend @crypto.piotr for referring you.

Living in South Africa, our fiduciary currency bounces daily, the conditions that I think are much worse in Venezeula, and we wish it to continue advancing.

The case of us in Venezuela is something aarmante and I do not know if I get paabras to explain the magnitude of this disaster, maybe they are the ideal conditions for crypto to advance.

Cryptographic currencies will take a long time to become a reality in daily use, my reasoning is education along with security.

You're right in that, I think there's still a long way to go but I think we're going in the right direction. It is what we are asking for education regarding this issue and resources to be able to access them.

The fact that too many cryptocurrencies are introduced is actually causing some confusion to those who do not know much about technology.

It is alarming to see the amount of cryptocurrencies and projects based on blockchain, I think there is a lot of ambition behind this, wanting to get rich which leads us to take so many crypts.

Very good comment, thanks for the support.

Pr EV

I support a small blockchain where people are able to earn/learn and start without having to finance with money. It takes time and effort to build up a balance, however it can be done.

The link is always at the foot of my content for anyone interested.

Thanks friend for the information

Great post about the world of cryptos and i think it´s good especially for developing countries that they are more and more interested in using these currencies!

gr

@sternblitz

Great publication about the world of cryptos and I think it is especially good for developing countries that are more interested in using these currencies!

Thank you @sternblitz for visiting the post, for eler and comment. I'm happy that you liked it.

Thank you
Pr EV

Bitcoin and other cryptocurrencies have come a long way since its birth but I also believe that bitcoin should stabilize at $6000. Bcoz just think about it, would you use money for daily use if it's value changes tremendously within seconds?

You go to a grocery store to buy Bananas, the price of 1kg of it is 10 dollars and when you were about to send bitcoin the price suddenly slumps and you have to pay more bitcoin and after a few minutes if the market recovers, the merchant of bananas will be getting away with maybe 12 or 13 dollars.

Stability is important if you want it for daily use. It is a myth that mass adoption will bring the price higher, the truth is it will start to stabilize.

Posted using Partiko Android

Bitcoin and other cryptocurrencies have come a long way since birth, but I also believe that bitcoin should stabilize at $ 6000. Bcoz, think about it, would you use the money for daily use if its value changes enormously in seconds?

I think just as you must that there should be a stabilization of prices, with so many falls and drastic increases I think that you will begin to lose confidence in the currency, now, there may be fluctuations but not so pronounced. That's my opinion.

Stability is important if you want it for daily use. It is a myth that mass adoption will increase the price, the truth is that it will begin to stabilize.

In agreement with you, I think that what is now taking place is that the price stabilizes, this time there have not been big fluctuations.

Thank you my dear @n1hal, for reading this publication and for leaving your comment so valuable.

Pr EV

Welcome, loved the post @fucho80😊

Posted using Partiko Android

Thank you brother @n1hal, that is very motivating for me, it challenges me to keep growing.

Actually it's a chain @n1hal. Stability of crypto depends on people's trust on it. This trust is being depleted by some narrow-minded people. So mass adoption is not happening. So trust is not building up. And so is the stabilization!

The BTC's price is catching up slowly and steadily and before when all of the general public come to a strong conclusion and start to repose faith on BTC, nasty scams shooting up blasting all the expectations into bits and pieces. So the chain ends here. While many people are pinning hopes on the growth of the crypto and investing a portion of their hard earned money, some dirty, greedy people are playing havoc and trying to destroy the very foundation of blockchain.

"It is a myth that mass adoption will bring the price higher, the truth is it will start to stabilize."

How can you say it for sure?

Just like a BTC's price(or anything) goes down when there is mass selling, why don't the price of BTCs go up when there is mass adoption?

Please clarify.

Posted using Partiko Android

I don't think there are any trust issues with a blockchain. Yes there are scanners but there is nothing special. Scanners are present in every industry. That cannot be justified for the trust issue.

OK tell me what gives a dollar it's value? Before it was backed by gold but now it is backed by trust and also supply and demand. If you see the history, dollar has been the most stable currency until 2008 financial crisis because it was a hedgemnoic fund.

Which means a dollar can be used all over the world for contract payments though not adopted by shops. That has only brought stability to the dollar.

You may argue over these words of mine by telling that the FED has been printing dollars to maintain stability but actually it is no different than BTC because BTC is deflationary and also keeps getting created during mining.

I am not telling that the price will not increase at all. What I am telling is that BTC will not show the crazy skyrocketing it has showed till date but will increase very very gradually compared to present scenario.

And also mass adoption will be a very slow process because.... you know masses. It takes time to accept a virtual thing with people telling it does have value.

I have used BTC everywhere because you spoke of BTC.

Posted using Partiko Android

"I am not telling that the price will not increase at all. What I am telling is that BTC will not show the crazy skyrocketing it has showed till date but will increase very very gradually compared to present scenario."

Of course, I agree to it. I also doubt the concept of crypto's crazy skyrocketing as was predicted by Mr. John McAfee, but he may have his justifiable reasons for his prediction. At the present situation, it is impossible, but at the same time, if the BTC hangs on consistently at $10,000 AS A THRESHOLD VALUE, it is more than enough for BTC investors.

Thank you very much @n1hal Sir for responding to my query.

Welcome bud. 😊

Posted using Partiko Android

Consider that crypto currencies which are only traded back and forth for fiat currencies. Few cryptos are used very rarely to buy actual goods and services themselves and thus are still simply riding on the "bubbles" of those fiat currencies used to trade in and out of them.

"Value" for BTC right now is largely based on how much USD you can sell it for while only a tiny portion of the value is tied to any actual commodity, good or service, but hey wait, there's always the smoking hot alpaca sock market!

Few crypts are rarely used to buy real goods and services on their own and, therefore, are simply mounted on the "bubbles" of fiat currencies used for trade in and out of them.

That is very true and we can not say how many cryptocurrencies will be accepted as part of payment for goods, but those accepted today are paving the way for others to follow.

If the thing is given up to this time it will continue advancing, taking ground and begin to join for and exchange for goods other cryptocurrencies. This is unstoppable.

Thank you for participating and leave this great comment.

Pr EV

Another great comment @jbgarrison72.

I was wondering why did you stop posting anything on Steemit. 3 months since your latest publication is quite a long time :(

Yours
Piotr

Thanks @crypto.piotr, I have been slow posting lately but I am involved with Steemit for the long term. :)

Hi @fucho80
I think cryptocurrency is the future and if we look at growth of last 5 years then it has grown tremendously.
The kind of retuns people have earned is not at all possible with anything else other than crytpo. You nicely explained the historical prices and growth of BitCoin. Lover the post. Great work @fucho80
And Thanks for sending memo.

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I believe that the cryptocurrency is the future and if we look at the growth of the last 5 years, then it has grown enormously.

Dear @alokkumar121, I agree with you, although today may be some detractors of cryptocurrencies, we are in the presence of a system that came to stay something innovative that many are not explained because it has been successful. Particularly I think that one of the things that has given him success is the need for people to have a totally free financial system.

The kind of rewards that people have won is not entirely possible with anything other than crypto

Very good appreciation of this case, the profits generated by the cryptos are very good, for that reason they have also reached where they are and I think there is no turning back.

You explained very well the historical prices and the growth of BitCoin. Lover of the publication. Great job @fucho80
And thanks for sending memo.

Thanks to you friend for taking the time to read this publication and for leaving this comment so valuable to me, it is a privilege to know that you liked the publication.

Successes
Pr EV

@fucho80, Time really changed for Blockchain and Cryptocurrency Space. Before we saw many clouds of speculation around Cryptocurrency Space but now many are heading towards Cryptocurrency and Blockchain space and it will grow phase by phase.

Before we saw many clouds of speculation around the space Cryptocurrency, but now many are heading towards the space Cryptocurrency and Blockchain and will grow phase by phase.

Appreciated @chireerocks, I agree with you, I think that there was a very accelerated growth, an exorbitant increase in prices and now entering the stage of the blockchain's sincere growth.

Thank you for visiting my sister publication, thank you for leaving this valuable comment.

Successes
Pr EV

Welcome and let's see how this journey will continue ahead.

With regard to bubbles, bitcoin has gone through several boom-and-bust cycles (or what looks like such a cycle), and each time, it has in fact not suffered any terminal or final bust.

Apart from the 2011 bubble that you mention, there was a similar bubble in 2013, followed by several other less extreme ones over the next few years. And of course, the big $20,000-boom in 2017.

The way I see it, the 2017-19 boom-bust cycle is just another series of moves and fluctuations as BTC ascends to its true value.

As for the current extended lethargy, it's hardly any cause for concern. In fact, it might be a good reason for optimism.

Onwards and upwards.

Excellent comment @majes.tytyty

Have a great day James :)
Yours, Piotr

Dear @majes.tytyty, it is true that the price of the crypto-tons is very fluctuating and I still do not understand why this happens.

In my view, the boom and bust cycle of 2017-19 is just another series of movements and fluctuations as BTC rises to its true value.

As I can understand in your assessment that we should wait for the real price of bitcoin, I would like to know what you think about the real price ... what would this "real" price be? If we can speculate a bit with this.

Regarding the current extended lethargy, there is no cause for concern. In fact, it could be a good reason for optimism.

There are so many positive opinions that I have heard and read about it that just like you I am very optimistic that there will be a speedy recovery and this will help us solve some problems.

I really liked your comment, thanks for reading and commenting on this article.

Successes
Pr EV

I'm not an expert, so I aint gonna say what the "real" price of bitcoin is. But I know enough about the current situation of the world economy, with its overvalued fiat currencies, that we can safely say that many cryptos (not to mention gold and silver) are insanely UNDER-valued.

So, maybe the value of bitcoin will stay the same, but as the US$ plummets in value, the relative value and price of bitcoin will be seen to skyrocket.

The collapse of fiat currencies has already begun. Watch in wonder as they collapse further, and cryptos and precious metals take their place.

I'm not an expert, so I'm not going to say what the "real" price of Bitcoin is. But I know enough about the current situation of the world economy, with its overvalued fiduciary currencies, that we can safely say that many crypts (not to mention gold and silver) have an unhealthy valuation.

Totally agree with you, I think that although we are experts in the subject (I am not an expert) it is very difficult to know what is the real price of BTC, it is also true that there is a lot of overvaluation in some fiduciary currencies and it is the time that cryptocurrencies take the place that corresponds to them.

The collapse of fiat currencies has already begun. Watch astounded how they collapse even more, and cryptos and precious metals take their place.

That collapse is imminent, I just hope that it benefits all cryptocurrency enthusiasts.

Thanks again for your comment.

Friend @fucho80

Grace for this excellent way to explain. I agree with you, however I can say that always the behavior of the BTC price originates organically, and I am saying this for the following reason, who are those who buy and sell BTC.
Starting from the fact that we are the human beings who act directly in these markets, because the price will be determined by the supply and demand of it.

We all want the price to go up, but when that just happens. Those that we sell in that high point cause the loss of it.

So I'm thinking that it is preferable to keep it always standard and high, to then reach a high point and then fall precipitously as happened last year

And as I repeat, that is due to the people who buy and sell the BTC.

A virtual hug for you.

We all want the price to rise, but when that happens. Those that we sell at that high point cause the loss of it.

Brother @lanzjoseg, it is very reasonable what you explain, according to what I understand when there is a rise in prices it is best not to sell hastily because when there are many people selling the prices fall.

My dear, thank you for your comment it shows that you have great knowledge of the market.

Successes
Pr EV

Well said @lanjoseg.

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A very valuable article. Thank you for this post. In the next decade cryptocurrancy will conquer all trades in world. Every finance companies know this and change their structures to adopt new stuation. For example the last pole from IMF about payings in next decade.

My dear friend @huseyinunozkan16, thank you for your comment.

In the next decade, cryptocurrancy will conquer all trades in the world. All financial companies know this and change their structures to adopt a new position.

According to you, my friend, it is only a matter of time for the cryptocurrencies to take their final position, this is something progressive that we should adapt to.

For example, the last IMF pole on payments in the next decade.

What good information brother, these are indications of what you say, that is, are taking important steps to introduce this system for good. Let's hope it happens.

Thanks for visiting, you are very kind.

Successes
Pr EV

hi @fucho80 I know this post from @crypto.piort if in my opinion we as humans must be really optimistic about the progress of the crypto world, because I'm sure someday the crypto world will become more famous, we must be optimistic about all that

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Hello @anitacarolina, thanks for visiting and leaving this kind comment.

We, as humans, must be really optimistic about the progress of the cryptographic world, because I am sure that one day the cryptographic world will become more famous.

Undoubtedly the cryptographic world will continue to grow and bring great benefits for all involved. You have to stay on this route.

Thank you.
Pr EV

Yes you are right😄

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Hi @fucho80, your post is very interesting because it take the soul of crypto, the place of crazy speculation.
You cannot find any other thing that can let you make or loose money like cryto market.
Bitcoin is the king of this crazyness, no any intrinsecally value, but it is always alive.
Now it is navigating over 5000 usd, it got 20% up in the last month, but who know what will be...
For sure it will never reach again 20000 usd, this was crazy bubble of an unknow market, now cryptos are part of our life, so this market will loose step by step the crazyness and as internet bubble of end of 20th century, only reliable coins will survive....

Dear @intellihandling, thank you for your kind words and for the analysis made of the BTC.

Bitcoin is the king of this madness, has no intrinsic value, but is always alive.

It is something crazy or magical, because it has no support behind it, nothing that supports it more than the trust of the people and yet reached $ 20,000 and still remains with a relatively high price. Amazing!

Surely it will never reach 20,000 USD, this was a crazy bubble from an unknown market, now the crypts are part of our life, so this market will lose step by step the madness and as an Internet bubble of the late 20th century , only reliable coins. survive to...

Some think that, but more optimistic people are still betting on the recovery of BTC and believe that it can surpass its historical maximum, something that is to be seen but that we all want to happen.

Blessings for you and thank you for sharing this comment with me.

Pr EV

The problem with crypto is that it has no fundamentals. It can't be traded for a fixed amount of goods. BTC's bubble was due to price manipulation. Crypto prices have been falling overall because the market for crypto is saturated. The "killer app" for crypto is replacing credit cards and no crypto can come close to regular currencies ' liquidity. To what extent consumers will adopt crypto is in doubt because of the lack of a performance guarantee currently offered by credit card companies for the future. If you use a credit card to make an internet purchase, the merchant has to deliver or give a refund. This isn't a problem for groceries, haircuts and the like, but how large is that market? That may very well be the only type of market for which crypto is suited.

Dear @rufusfirefly, thank you for visiting this publication and leave your comment.

The problem with cryptography is that it has no foundations. It can not be exchanged for a fixed amount of goods.

I believe that cryptocurrencies face a large number of problems and perhaps that has prevented the massive adoption of it, but it is also true that it has had a great impact that grows over time, so we accept it or not this will continue to take its place in the commercial world.

I am grateful to know your opinion on this subject, it is very valuable for me to collect different points of view and appreciations around the cryptocurrencies.

Successes
Pr EV

I meant to say "fundamentals," not " foundations." Thanks for taking the time to read and respond to my comment and for your open mind.

Posted using Partiko Android

This good friend, thank you for leaving your comment and read my publication.

Es difícil predecir que pasará con el precio del BTC, lo que si puedo decirte es que las ICO's le han restado mucho capital al BTC y sus proyectos no han sido eficientes, es decir, hay muchas ICO que no progresaron porque el proyecto que las respalda no fué exitoso.
Creo que finalmente el precio del BTC se va a ir estabilizando por fases; cada vez que nos acerquemos al tope de los 21.000.000 de BTC el precio irá aumentando y se irá estabilizando tambien.

2do-Pie-de-pagina-Steemit.png

Amigo @luiscalzadilla, gracias por tu comentario.

Creo que finalmente el precio del BTC se va a ir estabilizando por fases; cada vez que nos acerquemos al tope de los 21.000.000 de BTC el precio irá aumentando y se irá estabilizando también.

También creo que es necesario que llegue a una estabilidad, y si lo planteas de esa manera ojala que suceda. Lo que a mi me gustaría saber y creo que a todos aquí, es cual sera el precio real de BTC , se que es algo muy difícil de predecir pero eso es lo que genera el morbo que hay en el ambiente. A todos quizás nos gustaría que superara su máximo histórico y estar en posesión de unas buenas fracciones para salir beneficiados de todo esto.

Gracias por visitar este espacio.

Bendiciones para ti.
Pr EV

Hey there a great intro for any newbie looking for information regarding the world of cryptocurrency keep up the good work dude.

Posted using Partiko Android

Hello, there is an excellent introduction for any newbie looking for information on the world of cryptocurrency.

Hello friend @shaeerbari, I'm glad this information is useful for you. In the world of cryptocurrencies we all have much to learn yet, this is just developing and has much ahead.

Thanks for participating.
Pe EV

I believe that there needs to be a new major innovation within the blockchain space in order for the market to develop. We saw that the last bull run was triggered by ICO's, which really are a mojor innovation in global project funding.

On the other hand, this type of stable market keep away the scammers and speculator which drag everything down.

And another thing I believe is needed for a mature market is to determine what are the viable blockchains, because not all of them are secure and most can are vulnerable to the 51% attack.

Wooo friend @lishu, you really leave me impacted with your comment, I must tell you that it has no waste.

I think it is necessary that there is a new important innovation within the blockchain space for the market to develop. We saw that the last bullish race was caused by the ICO, which really is a fundamental innovation in the global financing of projects.

I had not thought about that, but if that served as an impulse for the market, something would already emerge that would inject some fuel into the blockchain, at this moment there should be a lot of expert developers trying to innovate in this field to improve it. Pray for something to happen.

On the other hand, this type of stable market keeps away the scammers and the speculator that drags everything down.

An advantage in that aspect.

And another thing that I think is needed for a mature market is to determine which are the viable block chains, because not all are secure and most can be vulnerable to 51% attack.

Certainly, but I think that in the future those that are viable and those that bring the best results will survive.

Thanks for passing.
Pr EV

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A very valuable article. Thanks for this post.

Dear @yousufatik, thank you for visiting and commenting on this work, I'm glad you like it.

Blessings
Pr EV

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thanks for informations about cryptocurency it's very important Mr fucho80

I'm glad you like it, thanks to you for passing and commenting on this post.

Successes
Pr EV

  ·  6 years ago 

Very useful introduction.
Cryptographic currency Very suitable for transactions between multinational industries.
But countries would not give up thier foreign exchange earnings.

But countries do not give up their earnings in foreign currency.

Dear @cloudblade, that is one of the biggest obstacles to cryptography, but as they say, cryptography is on the right track.

Thanks for sharing your time with us.
Pr EV

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I wish creptocurrency will make me rich in future. Lolol

I wish creptocurrency will make me rich in future. Lolol

hahaha, I want you to become rich some day brother @usman119, that is the purpose of which we are here, I also wish the same for me. but with the current situation of my country for now that allows me to feed my family.

Thanks for reading the publication and leave your comment.

Pr EV

Soo i can pray for you that you become very rich person soon and feed your family best ever things.

So I can pray for you so that you become a very rich person soon and feed your family in the best way.

Sure friend, that is what we are looking for and it is possible that it happens here, it would be something wonderful, today have something in your wallet and love the other day with everything multiplied.

I will pray for you too so that you can participate in this.

@fucho80 - Very useful post with history of price. Thanks for sharing. :-)

Friend @andyjim, thank you for visiting this publication and leave this comment. I'm very glad you like it.

Successes
Pr EV

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Hi @fucho80,

Thanks for the memo. Actually Mr. Piotr made me aware of this wonderful post. Well-researched with complete history of crypto, really a very informative post by all standards.

".......some authors who speculate that Bitcoin can reach its historical maximum, reach $ 50,000 or even $ 100,000. We'll see!"

If it touches $1L it is well and good, but what is my angle of thought is that this BTC must get standardized itself, must have a threshold value of at least $10K. If the BTC's value stay put in this value, it will get the faith of investors to begin with, let alone the idea of mass adoption. But this will also follow suit very soon. Then automatically, its value will surge continuously.

Actually Mr. Piotr made me aware of this wonderful post. Well-researched with complete history of crypto, really a very informative post by all standards.

Hello friend @marvyinnovation, thank you for your kind words you have made my heart beat with what you write, thanks also to our friend @crypto.piotr who is doing a great job with this community.

The truth is that what we say now is pure speculation and conjecture, let's hope that BTC will consolidate and with all the cryptocurrencies including steem.

I read a lot of experience in what you write, thanks and take good care of yourself.
Pr EV

Welcome @fucho80. Always!

Posted using Partiko Android

thanks

We have truly gone a long way from where we've come from but you know what, I think that over creation of a lot of coins will actually impede the general adaptation of tokens in the main stream since everyone would be rooting/promoting their own tokens. Why not just create one official tokens for all the projects so its value and adaptation will be easier?

Hello @nurseanne84, thank you for visiting this publication and leave this interesting comment.

I think that the creation of a lot of coins will actually impede the general adaptation of tokens in the main stream since everyone would be rooting / promoting their own tokens.

I had not observed it from that point of view but it really makes sense, there are many blockchain-based projects and few truly successful ones and the proliferation of so many tokens may affect adoption.

Why not just create one official tokens for all the projects so its value and adaptation will be easier?

It's a good approach but the freedom to create projects of this type of project I think makes it difficult for something like this to happen.

Thank you
Pr EV