I think the increase in icos and new coins is making the market weaker. The spread of capital is too wide and far that a lot of it is being loss to devaluation of the coins being invested.
The non-crypto investments have fair much better such as stocks and real estate. So who wants to get into crypto right now if everything else seems to be doing so well?
Long term believer in crypto so the devaluation we are seeing I believe will not last so long. Thanks.
You are wrong. We have billions of humans on Earth we are not close to "spread capital too wide". Read @taskmaster4450 and get up to date to the abundant society we will enter.
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It comes down to yin and yang. If there are rich there must be poor. That is a reality we live. Every equity is spread evenly then why has wealth gap widened more now than in past.
Let's face it even if a coin can be distributed fairly it does not mean we all have equal share of food and land. Deep down I want to be wrong but human history has proven otherwise.
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First of all there must not be poor that is not some universal law. That is based on scarcity in a human's mind. Wealth gap has not widened. Your mistake is that you hasn't taken into the account that the world population is still growing mega fast. More people are coming in faster. That means it gives the impression that we have more poor but we have not. Everyone across the board is richer than their grandfathers.
There is no such thing as equality you are correct on that one. But that is the beauty of humanity how we are all different in our capability. That you can take it into your own hands and empower yourself that is the beauty. Human history hasn't had this explosion of abundance as we seen the last 500 years. Perhaps once they had but not as far as we know. So look at the past may not be a good model.
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Even though they aren't technically stocks, cryptocurrencies act like a decentralized stock market for the rest of the world. The market is consolidating right now so we need to educate the masses before prices go back up!
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The masses will come automatically. Abundance is coming so price won't matter in the future. We are moving into an Attention Economy.
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I agree. I think the ICO phase will eventually end and there will be more traditional crowdfunding in the space. STO's will be the next big thing for tech startups.
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There is no point of Bitcoin Ban in India, Pls go through this video U will get the right AnswerOn 1st Week of July we will solve the Crypto Issue of India – (Subhash Chandra Garg, Economic Affairs Secretary of India INDIA) @mycryptoverse
https://steemit.com/cryptocurrency/@important-to-us/on-1st-week-of-july-we-will-solve-the-crypto-issue-of-india-subhash-chandra-garg-economic-affairs-secretary-of-india-india
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There is no difference real between a token and a share in the traditional sense other than the "number" is a piece of digital property and the management is automated by code rather than by lawyers and accountants.
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I think we can have a parallel universe on the blockchain. #facebook (with icos like Howdoo) #linkedin (with ICOs like Aworker) #banks etc are all replicable on the blockchain and so it is waiting for global adoption. Regulation will allow global adoption and institutional money and thereby it will
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