Missing The Forest For The Trees
Too much fear around the supposedly bear market that might be just around the corner for crypto is making us blind to the bright side of crypto, to what's fundamentally changing for this space. We often times, in this space, miss the forest for the trees.
It's like blockchain technology and its dollar valuation through cryptocurrencies is the only thing that matters about it. Wasn't it supposed to be used as a decentralized peer to peer currency that was supposed to disrupt these disgraceful banks?
Well, here you have it... El Salvador uses it that way, twitter is tryin to do the same with its lightning network integration used for tipping and I bet there's more to come on the pipeline.
90% of the crypto twitter seems to be "in it just for the money". It's like nothing else matters but their damn charts, the peak price targets they have, some more bullish than others, and "how everything is going to unfold" in the months to come. I bet 99% of these predictions are wrong, same as they were wrong before the March 2020 crash...
Crypto outlets are not far away from the crypto twitter influencers when it comes to spinning around a piece of news/FUD over and over. It's been over 24 hours since they keep on posting about China "rebanning Bitcoin". Everybody and their mother knows about it, can we move on now...
Instead of spreading FUD as they do all the time, they should have approached this situation from a slightly different manner, telling their readers that there's not actually anything to worry about that because there's not much to ban anymore in China. They banned Brad Pitt for Christ's Sake...
China is still a communist country willing to be using technology only to the benefit of the ruling power and nothing's ever gonna change it. The Chinese people has probably become a slave for decades and it's impossible to stand against the state's tyranny.
There's nothing critical about crypto. Nevertheless, I find charts from Michael van de Pope showing "a critical situation" for the altcoin marketcap. What the hell is critical in a bull market? Having patience and a vision along with a well nailed plan is definitely critical. But once you've shared that with your followers, what content will you upload for them.
Most of the crypto twitter influencers are just a bunch of pussies who simply dwindle with the wind pretending they know what's going to happen when in reality they don't know shit.
Nobody knows at what price Bitcoin is going to peak, whether it will do that this year or the next one, if we enter a super cycle or not and if more countries will actually "do as El Salvador did". It's all nothing but suppositions, but there is stuff going on right now in crypto that's totally different to what we had four years ago.
The industry is no longer what it used to be. Hive is no longer just a Steem fork and Ethereum has a bit of competition right now. China doesn't matter for crypto anymore and there's nothing critical about the altcoin marketcap. Enjoy your weekend and see you to the next post.
Thanks for attention,
Adrian
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I say something like this on my yesterday post.
Crypto is not like that again.Things are changing every day.
El Salvador bought Crypto since them Crypto are moving up and down.
Imagine where all the countries regularise crypto like El Salvador, check what's going to happen.
We can't predict were BTC are going now, because if more country regularise it, Crypto maybe be using as normal digital currency that will not be increasing like that because the government will look for a way to be regulating the movement because you don't know their plan.
They may regulate crypto in a way that it will not have value more than gold.
Let watch what's happening.
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Crypto is much more than just an asset.
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Thank you
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Too many are losing sight of end game, peer to peer trading over borders, projects in blockchain technology are much larger than cryptocurrencies only.
Look at the projects, Hive is a project toward decentralized social media, gaming plus many extras that works with crypto making it viable.
Contracts by what I understood originally placed into blockchain technology using Ethereum based on decentralized technology.
Bitcoin was the first, holds the reigns being discussed, whether up or down remains in most minds as the one to follow to know what possibly will happen moving forward in digital.
My insight, may be a little wrong, everyone has to decide which horse to bet on!
@tipu curate
Upvoted 👌 (Mana: 75/95) Liquid rewards.
You're insight is not wrong at all. Thanks for appreciating my content.
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Some will rise others fall, still early days. Interesting to read different opinions and ideas.
This is the danger of focusing upon price and what the markets are doing as opposed to the underlying changes that come from development.
If the Internet was mark-to-market each day like the development of cryptp projects are, I wonder how fast that would have advanced.
People need to ignore what is taking place in markets, or at least not put all the emphasis there.
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I'm on the side not emphasizing much on the market. It's pointless to do that.
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It's funny to see how people living in North or South America feel threatened because China banned cryptocurrencies, what the hell does that have to do with me being on the other side of the world?
It just doesn't make sense the market in red.
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EXACTLY
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