READ THIS EVERYTIME THERE'S A BITCOIN BEAR MARKET

in #bitcoin7 years ago (edited)

John McAffee, the controversial cyber security legend, claimed Bitcoin will hit $1 million by 2020 and if it doesn't he will have a feast of his own "manhood" on national T.V. Along with him, hedge fund manager Mark Yusko predicts Bitcoin could someday reach $1 million as well, and in a more precise and approximate way, Tom Lee, head of research at Fundstrat Global Advisors, says Bitcoin could reach $25 000 by the end of 2018.

These personalities are not alone on their bullish beliefs about the cryptocurrencies success, working with altcoins projects, many other celebrities and public figures like Floyd "Crypto" Mayweather, the recent crypto millionaire 50 Cent, ICO promoter Paris Hilton, the early crypto investor Ashton Kutcher, even the Canadian-Irish equivalent to Donald Trump, Kevin O'Leary, and several others have been talking about their involvement in cryptocurrencies or the great potential of blockchain technology and how it is going to be huge in the future.

But there are big questions here! Are the ones claiming cryptocurrencies and blockchain success right? Are there truly well founded reasons out there for this "to the moon" scenario to happen? What if it really is a bubble like many people have claimed or what if almighty governments and banks do everything they can to not let it happen?

Constantly there are questions like these crossing the mind of whoever's involved in cryptocurrencies and/or blockchain, making one feel like the bears will not get killed anytime soon, the market won't adopt the technology and the price will never reach an all time high again, and all this thoughts create an environment of fear, rejection and distrust in the market.

But... There are facts.

Indeed, facts and well founded reasons that prove all these thoughts wrong and far from reality! The way things are developing right now proves that a scenario in which cryptocurrencies and blockchain getting adopted by the market in its entirety is not only possible but real and it is taking place as you read this!

It is growing exponentially!

The amount of people all over the world buying cryptocurrencies on their devices along with the number of companies adopting the blockchain technology and great new entrepreneurs developing and funding great projects through blockchain and ICOs is increasing at an impressive rate.

And what can we see here? It's people going from the old to the new, people receiving a miraculous spontaneously originated market solution that makes things happen better, safer, faster and cheaper! And its not the first time something like this happens, it has happened several other times with other technology.

It's more than clear that when a great solution solves the market's problems, that same market embraces the technology that brought the solution until a better one comes out.

There will be challenges and oppositions of course, things like government limitations, volatility, hacking, frauds, lies and many more; but one really needs to have in mind that many technological developments survived world wars, depressions and several other recessions, tough stuff compared to puny government regulations and weak dishonest people.

Bitcoin and the blockchain are here to stay, have no doubt about that! The challenges this amazing technology is facing are no threat to it and will for sure overcome them.

TO THE MOON!

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