A vision of the crash of the Cryptocurrency Market
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What is the course of the Market of the cryptocurrencies and the Blockchain?
In a world of Bulls and Bears, where everyone struggles to survive and emerge afloat in an ocean of financial blood, it is difficult to predict the future of cryptocurrencies and the technology that supports it, the Blockchain.
ICO's, ICO's and more ICOs appear every day without a concrete project that can help society in any way, but they only hope to raise an amount of money for their creators and then, if possible, execute the silver project in their "WhitePaper" " Added to this, there is the appearance of inexperienced investors who are induced to the market by a wave of financial excitement that in a short time drowns them; Investors that do not know much about this type of business ends up being vulnerable to the market and potential deceptions. Many of these investors are the ones who give life to the ICO's and projects without a future that end up taking over a large part of the volume of money that can be invested in ICO's with a real project.
All this large number of projects, one bad and the other good, but they have different directions, are those that have been generating the crisis of the active crypto market, many go in opposite directions to good practices, many do not intend to contribute something to society, and the results can be seen in the large number of ICO's that fail and that have not been able to materialize the project for which they were launched to the market in search of financing. In this sense fits a maxim of Steve Jobs that said:
"If the projects go in different directions, then: The Total, is less than the sum of its parts."
And these words make a lot of sense at this time that is living criptomercado, all those ICO's instead of adding, are subtracting volume from the market of the cryptocurrencies that really contribute something, which ends up weakening them and decreasing the confidence of investors.
Why do we invest in ICO's ??? Do we really invest to support a proposed project?
The reality is that the vast majority invests in these ICO's, thinking about obtaining fiduciary money profits in the short and medium term, even without reviewing the project that supports it, without investigating the creators or the blockchain used, and many other factors of greater relevance, which leads to blood loss and the fall of the most valuable projects.
The Venezuelan hero Simón Bolívar once said:
"An uneducated being is a victim of its own destruction"
Very wise words to describe what is happening now in the world of cryptocurrencies.
I hope I have contributed a little more to expand the reader's vision in this new world that we live with cryptocurrencies.
I invite you to review my previous post, where I spoke of: Cryptocurrencies. Safe Horizon ???
Until the next delivery
And today, I want to make a special mention to @crypto.piotr for your support
Bye
@luiscalzadilla
Agree with you my friend. Around 1043 ICOs came in 2018 and more more to come.
Totally agree with you my friend. recent scams is the proof.
True
Yes my friend you have. You wrote great article for sure.
Keep posting informative article like this.
Thank you. Very valuable for me to know that another cryptocurrency enthusiast like me is reading my posts and agrees with what he reads there. I'm pleased :)
I wonder how many of those 1043 were succesful and how many do not exist any more ....
1043 is just such a huge number.
@crypto.piotr
Very hard to tell. This will require very big research, which will take months 😃
I love this piece but from my own view i feel bounties and airdrop is what killing the cryptocurrency, because, people no longer invest. They only earn free money.
I don't know if you can share your view if this.
@luiscalzadilla
Yes, in a way you are right with the issue of the Bounty and the AirDrops, but what I mean is that when there is investment in ICO's that are not supported by a good project we stop investing in ICO's if they have a good plan . That is why the cryptocurrency market is down, because the cake remains the same and the participants increase, so there is less cake for each one.
ICO.... am amazed at great things coming up from cryptocurrencies and blockchain technology.
And that's not all, what's coming is great. One day I told a friend that this world of cryptocurrencies and the blockchain is about to explode and he answered that from his perspective he already exploded. Today I still think that it is still to explode, still much missing.
lol... that's true , blockchain technology still has a lot of untapped potentials, you can see people building unimaginable things off-chain.
It might be like that, but there is also the possibility of a few ICOs being very successful and creating a lot of value to the blockchain industry.
Not every ICO is a failure, we shouldn't forget that.
Yes, I agree with you, but I refer to the large number of failed ICO's, that is the money that stops investing in valuable projects, that is the money that stops investing in the ICO's that generate value to the industry of the blockchain . I am pleased to read your comment.
So interesting article @luiscalzadilla
That's really sad that people invest in some ICOs without making any deeper research. As @flash07 have recently wrote in his article about types of ICO, many of them have just one aim - extending business. Is such case, they unfortunately don't bring any value to the blockchain sphere.
Greetings, Jan
Yes, I hope that we and Steemit can serve as support for those new investors who have less knowledge than we do in this world. Thanks for reading me.
Good points. Crypto is still in its very early stages and like in the industrial revolution, it also needs to establish its own foundations etc. So things that might sound completely superficial, might make sense, if crypto as a broad concept actually succeeds. And then on a merely economic base, if the whole world thinks, crypto is the thing, you might still be successfull despite, you could just old school centralized.
I believe that the world of cryptocurrencies is still in the initial stage, and that there is still a lot to develop, I firmly believe that we will be able to stabilize the market and that is when cryptocurrencies will replace fiduciary money.
Wow, well done @luiscalzadilla this is as short as possible and precise, you spoke a lot with little letters, i hope people can begin to learn before investing in ico's.
My question:- You cant really blame a naive person for investing in a doom to fail project, because he/she is naive, what can the cryptocurrency world do to educate these people(naive) so that they do a better research before investing?
Well, I really do not blame anyone, as Nelson Mandela said: Everyone is master of their destiny. The world of cryptocurrencies can not do anything, we are the users who can disseminate information for those who are interested to know more. Steemit has a lot of information that can help anyone who reads it. Our contribution is the dissemination of what we know through these post. Each one is in charge of investigating what he needs.
Thanks for this insight @luiscalzadilla. You have really educated me on the fears and the encouragements I should have to float well in the crypto space.
I have curated you wholly... Big thanks to crypto.poitr for the encouragements.
Hope to read more from your stable.
@jodekss
Hello @jodekss, thanks for reading. We make an effort to bring quality content to the followers. With effort I think I can continue on the route we have drawn.
It is basically what it should be. Everyone wants to make money and I'm personally against the intention of making money through ICOs. My only problem is that most people invest in ICOs based on what was presented to them as whitepaper or review. There should be a lot of research done before investing in ICOs or Cryptocurrencies as a whole.
BTW, You have a good article though I feel it does not match well with the title but I did enjoy reading and I left you an upvote for this.
Have a great weekebd!
Agree with you
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