Crypto Market: Should Cryptocurrency Be Given Another Chance?
December 10, 2018
The crypto market saw a major breakthrough for cryptocurrencies, observing the highest sales of all time in 2017; only to see it lose its crown and spiral all the way downhill in the blink of an eye.
In recent years, the news of Cryptocurrency surfaced with ICOs (Initial Coin Offerings) being the talk of the entire industry, giving a whole new meaning to digital transactions. The Internet was the driving force that rode cryptocurrencies to skyrocket to unbelievable heights.
What looked like the new age digital manifestation that gripped investors to well, "invest" big bucks or cryptocurrencies by large numbers, soon saw the crypto market crash and burn. The notion that had been established in the industry that crypto was going to change the world, vanished in a jiffy. So what led to the downfall of cryptocurrencies?
Crypto is dead. Or is it?
Survival is imperative. Success is unprecedented. However, the road to success demands survival. The crypto market observed exactly that with regulators raking in huge cash numbers by investors willing to shell in all to get more. Only last year, money trading seemed like the best thing to surge investment benefits, with commoners from office-goers to drivers, forking out money aimed at investments that would result in short-term profits.
Money exchange was changing lives last year. But soon, the crypto market hit an all time low, with 2018 seeing a debacle of 80% in crypto value, sending people in a frantic rush, flailing to recover their incurred losses and save whatever that was left.
This might lead you to wonder, where exactly did the crypto market go wrong? How did one of the biggest businesses of all time topple off its pedestal?
Let's talk about investors. Putting in big cash by the better off people may not seem like a big deal. The average bread earners who tried to invest cannot be held accountable either. However, it's no new news that everyone's hungry to earn some quick cash. The rich will remain rich, the commoners will go on and the poor will need a miracle to bring back what they have lost. The heavy crash in crypto market somehow made people forget the only secret to success: Time and patience. And also, brilliant strategies to blow off that market roof.
Cryptocurrency Exchange Platforms are going to change the entire world. But it's going to involve time and a whole lot of patience so if you are looking for success and a life that could turn around by crypto, you are in it for the long haul.
As Joseph Lubin, the CEO of ConsenSys and Ethereum's co-founder was stated saying, “We must retain, and in some cases regain, the lean and gritty start-up mindset that made us who we are. We now find ourselves occupying a very competitive universe, to ‘succeed wildly’ we must recognize that what got us here will probably not get us there, wherever ‘there’ is.”
Basically, one thing is clear: Crypto will succeed and the idea is looming far over the horizon, with time being the key to it.
How to bring crypto back?
We live in a world where privacy is meek and money is important to strive as well as thrive. The answer was Cryptocurrency Exchange Platform, the first being "Bitcoin", a quick fix for encrypted money transactions. A unique solution for Internet users, conflicts were taken care of and a pillar of trust was established for the crypto market. What seemed like an ideal solution of decentralized technology should be given a chance to shine its light.
So what should someone do to bounce on his feet and get back to the grind in the crypto market? Start off by thinking. People generally have a habit of rushing into trying publicised inventions that are overhyped by the large. Investors need to understand the crypto market first, what it stands for and how is it going to benefit them. Crypto might be gasping for air right now but it just might surprise everyone, someday. The smart investors will profit from it and celebrate gratuities.
Bringing our attention to the investors, they are the true game players of the crypto market. Invest to get back, without becoming crypto-hungry. The rich will remain rich, the commoners will endure and regain their losses but money is money. A valuable asset, it is essential that investors understand when to invest, know the right time to do it and believe in the power of crypto. Strategizing your options will work in favour, with market-strategies being a boon for investors looking to achieve. Market strategies will take time to acquire investment bonuses, set to give investors a good five years of patient wait.
So how will market strategies help an investor? Analyze the flipsides. An investor, who only invests in 15% cryptocurrencies every month, will have double the crypto value after ten years. As for people who invest 45% per month have an unsure journey ahead of them. Have certainty in your instincts and plan for the right investments.
Lastly, believe in the power of time. Trust your timing and the luck that comes along with it. Patience is bound to bear fruit, recklessness is not. Invest in cryptocurrencies to reap long-term benefits, overnight success is just a notion that nurtures impatience. As Steve Jobs once said, "If you really look closely, most overnight successes took a long time."