This year is definitely not a good time to encrypt. In fact, in the first two quarters of 2018, we saw that the entire market struggled with its King bitcoin was a clear decline, pushing the price of several coins to a worrying height. In this sense, both lovers and investors are waiting for things to start changing, which is a general trend in the market.
To say the least, when the situation began to improve a few days ago, we all felt calm, because the market seems to be getting better. Of course, this is enough to allow all of us to celebrate the market is proof that it is once again resilient. However, the sad part of the story is that it is just a momentary stimuli that shakes the entire community as it is now.
Nevertheless, we all need to recall the similar situation that occurred in 2015. When the market went bankrupt by reducing the market value of 80% and reaching the value of 170 billion, considering the facts at the time, this situation made us feel to some extent. comfort. The department managed to survive... but what do we really expect to happen this time? Let's see what is happening in the market right now!
Indeed, we have recovered from this loss before, and the market is just a turbulent environment. But this time we really will recover again?
So, one of the key factors we need to remember is the utility of the virtual coins we hold. As long as the currency we have has purpose and personal utility, we can be sure that the coin will proliferate again because people will continue to buy coins to use it.
This is a bit of a bitcoin coin that we can be sure of, and it has actually proven to be one of the most popular shopping coins.
On the other hand, the landscape of the altcoin is completely different. Some of the existing altcoins are likely to create a survival strategy, but what is certain is that we can only ensure that bitcoin can achieve this goal.
Related to this, Vitalik Buterin, co-founder of eth coin and bitcoin magazine, recently said that encryption strategies need to change in order to see different responses from the community.
According to him, we are not in a place where we can no longer grow 1000 times at current prices. He said that the industry should focus on building coins with real purpose rather than making hype.
Considering the fact that ethereum value has fallen by 34% in the past three to four days, and ico is the first utility of the ethereum network, Vitalik’s statement is very interesting. It seems that people are no longer investing in ico because This is not profitable in the long run. To say the least, investing in ethereum so far may be considered an adventure.
On this topic, many users on Twitter gave an interesting view of this situation. @Apompliano sent a message saying that despite the fall in market prices, people still think it will recover soon. But this is not the case; we need to accept and "really believe that encryption is over" to see the recovery.
On the other hand, another Twitter user posted a message worthy of attention. Message as follows: Utilities can guarantee coins like bitcoin. People from all over the world can actually buy bitcoin and use it, so we can definitely be sure that the coin will continue to grow and it will recover soon.
On the other hand, this story is completely different from the altcoin... This is not a market issue; it is simply a question of the number of offers that have no purpose at all. In my opinion, the fourth quarter may be the time for the market (bitcoin market first) to take off again. So please continue to pay attention.