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RE: Altcoins: Understanding the Bearish Cycle (a.k.a. Roundtrip to the Moon and Back)

in #cryptocurrency7 years ago

I believe the crypto market is still largely speculative nature. This might change once the demand for crypto is backed by the actual utility of goods and services. The blockchain is here to stay, no doubt about it. It's a matter of finding the right token or currency to invest in. Not every investment will work out however. Time will tell in the next 3 to 4 years.

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Very true. Right now we are speculating that any of these coins will start to generate real economic value. For the moment that value is incredibly small. I can only see real value at this stage with countries facing a hyperinflation hell storm where crypto currency comparatively might seem like a cool breeze on a calm sunny day as ironic as that is from where we stand today.

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