simoilmari posted: Good question, no one can view the future...
Probably only a few of cryptos currencies will survive and will be used in the future, but it doesn't mean that it's value will grow up...
That it will recover soon I'm in doubt but that it will recover there is a possibility.
Good luck !
It is very unfortunate for people like me who recently jumped into the Crypto market thinking of gains. Lol. Thank god I did not put my lafe savings into it. I’m not very happy with the loss but it’s not that I can’t recover it from other trading activities.
marindateal posted: The crypto market is highly volatile. The crashes are deep but it takes no time for the bull run to make a return. The recent market performance is proof to it .
I have been trading in crypto for a while now and I think its volatility is what makes it special . But with such regular crashes it also brings a lot of doubts in the minds of the people , whether it is really a good deal to risk their money.
@marcusobrien These short term fluctuations are a part and parcel of the cryptomarket. A trader always enters the market after much thought. These temporary situations should not weigh him down as much as to rethink his decision whether it's worth it or not.
croisssan posted: I think that now the cryptocurrency is at the start stage. It's still a long way to death.
Not everything is born to die. Besides being a convenient method of payment, cryptocurrency is a revolution. Also, blockchain technology has a huge potential. We can only expect it to grow and develop into something more useful instead of disappearing someday.
I don't think that crypto is dead or it's going the end. Nowadays we can see the correction on the crypto market and it's okay. The market is tired because of huge impulses downward and upward, so now there is a period of consolidation. Actually, it's kinda tough to speak about crypto death, because the market is pretty fresh. It exists only ten years and I don't think it will extinct sometimes. In my opinion, nowadays you have a great chance to enter this market in order to provide yourself with funds in future.
I don’t think crypto will ever die. Although we can expect some changes in the whole process of how it operates. Given its volatile nature, it’s natural for the crypto market to fall sometimes but as quickly as it drops, it climbs back just as rapidly.
I’m not gonna bother my head with such thing as a probable death of the crypto market. I think it’s worthless to think about such things. As I know the crypto market has a very big capitalization and I think that it’s going to drastically increase in the near future. I do believe that the number of people who believe in a good future of cryptos is more than those who are skeptical about it. Afterall, blockchain is a very promising technology that can make the financial sector more transparent and less vulnerable to money laundering. Since blockchain is what cryptocurrency is based on, I think that cryptos will not disappear despite an evident conflict between the traditional financial world and the crypto market. Perhaps, officials are afraid that cryptos may outclass traditional fiat money soon and numerous clampdowns on cryptos we observe for the last time take place because the traditional economy is struggling to accept cryptos as something inevitable. I don’t think that cryptos will replace traditional money. I think they will act as a new format of e-wallets such as Skrill or Neteller. So, in my understanding, cryptos are just a new way to pay for products and services online. By the way, when some experts criticize cryptos for no real value, I can argue that fiat money doesn’t have real value too especially after the gold standard was abolished. So, in this regard, cryptos don’t seem too terrible, haha. I think in the end cryptos and fiat money will co-exist peacefully and I want it to happen very much.
JuliaEvans posted: I don't think that the cryptocurrency is dead. It will take a little time for it to start gaining momentum again. Now the entire global economy is in decline, not just crypto.
Sure, and this shows how cryptocurrencies are linked to banks and the stock exchange and they are not as independent from banks as they wanted or want us to believe. Who is the largest owner of cryptocurrencies can speculate with them. Who has the money to be the largest owner of cryptocurrencies if not the banks? Greetings. Trading is applied to any financial instrument.
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