1. Cryptocurrency markets have already gone through a major correction with Bitcoin down almost 80% from its all time high and other major altcoins down more than 90% from their all time high.
2. Many retail investors looking for quick profits have already left the market and only true believers of the blockchain technology are still around.
3. The whole ICO craze is completely gone and smart money is flowing into the markets.
4. Many altcoins/shitcoins have lost as much as 95-99% of value from their all time high and investors have started focusing more on the fundamentals and the token utility to identify the winners for the long run.
5. Major cryptocurrency exchanges such as Coinbase, Binance and Huobi are expanding their operations even in this bear market and continue to operate as profitable businesses.
6. Top crptocurrency projects such as Brave browser and Steemit have added more than a million users to their platform already and continue to attract new users everyday.
7. The infrastructure for institutional investors is being laid down, Coinbase is currently offering its custodial services, ICE's Bakkt is set to launch in January,2019 and Six Swiss Exchange (fourth largest stock exchange in Europe) is launching its first multi-crypto exchange traded product (ETP) next week.
8. Many family businesses and VC's have started entering the space such as Rockefeller family’s venture-capital arm, Goldman Sachs, George Soros, JPMorgan and CitiGroup.
9. People like Alexis Ohanian (Reddit co-founder), Richard Branson (Virgin Group founder), Jack Dorsey (CEO of Twitter and Square), John McAfee (McAfee Associates founder) and Steve Wozniak (Apple co-founder) are firm believers of blockchain technology.
10. Top blockchain patents are being filed by companies such as Alibaba, IBM, MasterCard, Bank of America, Tencent and Accenture which shows the growing interest in the blockchain technology.
Great points. I feel for the people who were unlucky enough to get in at a much higher price. I am in that group to some degree in that I mined a whole bunch and didn't sell so I don't feel as much pain, but the loss still hurts. I'm excited for all of those who have a chance to get an entry point a much lower price. I am extremely bullish on the tech so I feel good about investing even if the price in the short term goes lower.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have seen it all in this one year, I am a person who is very actively involved in various telegram groups and I have seen a phase where there was a lot of excitement surrounding cryptocurrencies and a lot of chatter in the cryptocurrency discussion groups and now even a 1000 member group feels like a 10 member group as there are minimal discussions happening.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
To your first point, I agree. In previous years Bitcoin has not dropped further than 90%, so we're definitely near the bottom. To your last point, the application of patents shows that corporations have an interest in the space, but patents discourage innovation and don't belong in this industry.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Patents are both good and bad, patents are required by corporations as their main purpose is to make money and they won't let their code be available for free as anyone can use it and probably copy it to make several versions of that code and market it as a separate product. On the other hand, patents limits innovation as there are only a bunch of people working on that particular piece of code.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@brennanhm you are pretty much like me. The truth be told we are all looking for that breakthrough ..... I consider myself falling in this category too. I entered into the crypto space towards the end of 2016, with absolute zero knowledge. In retrospect i think I entered into the space a the wrong time, just when the bull market was gaining momentum and consequently I got burnt, I lost 95% of my portfolio, which I had at the height of the bull run in December 2018. Why? because I did not know better ..... Thanks goodness I am still here. This has prompted me just 3 days ago to open steemit blog with the intention to share my experience @taterb . What I hope to achieve is to help anyone who will stumble into my blog and hopefully learn from my experience, especially my mistakes, which are many. I am hoping to add a perspective Crypto Newbie Investors into the ongoing discussion, sharing my good,bad and urgly experience in the crypto space. My heart goes out indeed to that individual who hears about crypto, jumbs in with zero knowledge, only to get burnt, it is really not funny it hurts. I do not wish anybody to experience what I experienced.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
pretty much agrees with your points. on point 2, Don't you think we should be more sympathetic to retail investors and publish more content that will hopefully educate them and show them how to come into the game and stay . The truth be told we are all looking for that breakthrough ..... I consider myself falling in this category. I entered into the crypto space towards the end of 2016, with absolute zero knowledge. I think I entered into the space a the wrong time, just when the bull market was gaining momentum and consequently I got burnt, I lost 95% of what I eventually had at the height of the bull run in December 2018. Why? because I did not know better ..... Thanks goodness I am still here. This has prompted me just 3 days ago to open steemit blog with the intention to share my experience @taterb . What I hope to achieve is to help anyone who will stumble into my blog and hopefully learn from my experience, especially my mistakes, which by the way are many. I am hoping to add Crypto Newbie Investor Perspective into the ongoing discussion, sharing my good,bad and urgly experience in the crypto space. My heart goes to that individual who hears about crypto, jumbs in with zero knowledge, only to get burnt.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have given you a follow, hope to see some good content from you :) Also, to respond to the point you mentioned, I believe you entered at a very good time, you saw the crypto markets growing and crashing... One complete cycle and I believe you would have still done well when compared to your initial investment.. I feel for the people who entered at the start of 2018, crypto wasn't a good experience for them for sure... Yes, more education is indeed required but education will never alone be enough.. It is human's greed which destroys him and I have seen people wanting to earn instant money from ICOs.. 2x-3x in a week wasn't considered anything..People were looking for 10x, 50x, 100x... This was never going to work in long run and we are seeing its consequences..
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @sagarthukral! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @sagarthukral! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for following us! Hopefully you will get a chance to use Partiko soon! And let us know whenever you have questions!
Posted using Partiko Messaging
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, I was thinking of Delegating some of my Steem Power to Partiko and therefore wanted to use the app and it looks good :)
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit