Since Bitcoin has found its way into the crypto space, it is averting major hits but for the most suffering the brunt of these major hits.
Although in spite of Bitcoin enduring the heavy bruises encountered by these hits, the crypto market has managed to stand against the test of time. And till date, crypto's big names state the history of crypto, how they entered the market and most importantly, managed to stay there.
So how did the crypto audience manage to stay there for so long? It was simply because crypto does pose some incredible possibilities which when scaled practically and formatively make way for a huge market scope and business bonuses.
Working with Crypto
Be it online shopping or booking tickets to a movie, cryptocurrencies such as Bitcoin and Ethereum are used to buy, sell or exchange goods and other cash. What this indicates is how far crypto has come and how much farther it aims to reach.
Cryptocurrency Exchanges are on the rise and judging from their massive market lunge, crypto is only going to grow more.
When 2017 turned out to be successful for Bitcoin, it seemed like almost everyone wanted to be trading in cryptocurrencies. And in no time, Bitcoin became the most famous currency there ever was.
The popularity led to a lot of businesses taking up Bitcoin as an accepted form of payment to acquire more customers. That was until Dash came into the picture.
A lot of businesses surprisingly agreed to accept Dash instead. But here was the catch. These businesses were also the same people who stayed informed about everything that took place in the crypto world. And these same people also knew that crypto was going through some hardships.
Ever since then, Dash has found a way into the cash payment systems for a lot of businesses.
Questioning Crypto's Status: Is Crypto Alive Or Dead?
The way we view it, only two things can happen. Crypto will play a huge role on the society - The current financial system will be tweaked or will face an age of evolution which will include the existing social adaptive processes into more reliable less trusty social contracts that the population will directly be able to consent to or leave as they desire.
Now this modification will lead to a major crypto power uproar as the people who do not assist the concerns of the pictured parties will be stripped of authority.
Digital currency exchanges will be adopted by huge companies that will understand its importance and give reason for the public to believe in this financial innovation.
The present situation indicates the various pitfalls that Bitcoin is facing and crypto users' negligence to allow it to a chance to bloom instead of understanding that just like all technological novelties, crypto is also evolving. All it requires is time and before everyone knows it, crypto will find its course of way.