After all of the recent FUD events we've seen bitcoin reaching it's all time highs again without even worrying about the past 'bans' and the fake/hypocritical propagandas. Now my question is if this crypto-currency RALLY is going to continue at the same rate it has been going the last couple of years.
Recent FUDs(2017)
Just like in the first era of the internet there has been a lot of speculation and off course a lot of disbelief. In the crypto-currency world this 'speculation' is a major trend and this will keep going on until mass adoption kicks in. Before this 'mass adoption' kicks in we must remember that there will be a lot of turbulence before we get to the promised land. For example China has banned initial coin offerings(ICOs) and bitcoin exchanges in the first week of September. This ban has caused a signifficant drop in the crypto-currency market. An ICO is a crypto-currency funding mechanism for start-ups which involves lot's of money 'laundering and fraud' according to regulators. China's central bank banned ICOs together with some bitcoin exchanges in the first week of September.
"JPMorgan Chase & Co. CEO Jamie Dimon said he would fire any employee trading bitcoin for being “stupid." Jamie Dimon calls Bitcoin a ‘Fraud’ while his daughter is making some money in these markets. These statements has caused BTC to drop by an astonishing 2.7% which is a lot for just a couple of hypocritical words i'd say. It's a bit paradoxical when you 'state' something to be a fraud when your whole business is considered being a fraud on it's own right? for more info on this figure check out the link below:
https://www.cryptocoinsnews.com/jpmorgan-begins-blockchain-trials/
Are we going to see this continuous RALLY in this market and is mass adoption around the corner?
I'm really enthusiastic in seeing how far this road of cryptocurrency road will take us and how it will affect this world(which it's been doing already.