Bitcoin and other altcoins are on the continuous decline for some time now. Started from the beginning of this year, Still, Downtrend is continuing. At the end of last year, Bitcoin reached its all-time high price. After that Bitcoin along with other coins shows the downtrend. There are some speculations about the crypto market decline. Some believe that There may be a market manipulation.
Big Names Praised Blockchain Technology
A lot of people know blockchain technology due to digital currency especially Bitcoin. Couple months ago, One bitcoin crossed $20k. Bitcoin got a lot of mainstream media attention, Everyday new news about bitcoin or blockchain technology. Though All are not a big fan of Cryptocurrency or the technology. We have seen a lot of negative statements regarding Bitcoin.
Bitcoin is a fraud - JP Morgan CEO
Recently, Alibaba founder Jack Ma praised blockchain technology when he is skeptical about Bitcoin.
China is adopting Blockchain Technology:
At the end of last year, China banned cryptocurrency exchange and ICO. Even they go after cryptocurrency miners. China has done all the possible measures to the growth and uses cryptocurrency. Now it seems that China is also impressed with blockchain technology.
Recently, Chinese Ministry of industry and information technology released a list of the best public blockchain. Ethereum is the number one blockchain project in that list. Steem blockchain secured the second position.
An interesting fact is that Chinese city, Shenzhen, adopting blockchain technology to fight against tax evasion. Source
Blockchain Vs Cryptocurrency Adoption
Cryptocurrency is built on blockchain technology. Now it is obvious that some countries like China, will not allow cryptocurrency. China will develop and adopt blockchain technology. Some countries may adopt both. like South korea and Japan.
What is your opinion on the separation between Blockchain Technology and Cryptocurrency
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only China may think like this. They will embrace BT soon
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Anything to promote the technology that cryptocurrency is based on is a good thin in my opinion!
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I'm pretty sure it's been manipulated at the moment a lot... it is important that you do not go along with this manipulation.... and keep your coins in your pocket not sell.
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I think selling is a bad idea. Lets wait and see the success of the tech
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I think next month we see something ...
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You got a 3.18% upvote from @upmewhale courtesy of @steemero!
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Oh man, title of your blog is so dangerous like crypto is based on blockchain and you are predicting separation. I have to open the link to know the secret. Now I understand your claim and I am out of shock :)
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Thank you for reading the blog. This is just an assumptions that separation will happen
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Once the value of the blockchain exceeds that of the cost associated with it I believe that businesses will start paying for their own internal blockchains. I also believe that there will always be a few public ones that people can support, like BTC, ETH, etc.
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Thank you for your reply and have a nice thought on the topics
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You got a 7.13% upvote from @brupvoter courtesy of @steemero!
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Great post. It doesn't seem like you are getting the likes it deserves though. Have you checked out the upvote communities? You should check out steemengine. or steemfollower.com.
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This post has received a 2.16 % upvote from @booster thanks to: @neyamulhasan.
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Let us see what the future will bring. I do not know much about crypto but i am hoping for good things to come.
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