I would like to start by saying hello to my fellow Steemers. This is my first blog and words cannot describe how happy I am to be on this platform; OK so here we go!!!
I will be covering the following subjects in this blog.
*My thoughts on crypto market.
*Will crypto rise again like it did back in 2017.
*Going forward to the future what will be the position of Cryptocurrency .
My thoughts on the Crypto market now
As we all know that the crypto market has come down all the way from it's highest point and by the word crypto I do not just mean bitcoin here we are talking about all the currencies .As of today there are more than 1500 cryptocurrencies available in the market !!! Tough to digest right!!!! check it for yourself in some reputed websites such as coin market cap but off course bitcoin is the god of all the currencies with the highest value for a single coin compared to all the other coins available in the market and as bitcoin was the first ever crypto coin majority of the people only know about just this coin but that will not be for a longer time ! I am aware that everyone on steemit knows this basics but i just added this in my introduction so that my readers will know what exactly I am talking about in this blog.
So we were talking about the current market that it has come to a low point but do you think that it will remain here forever??The answer is "NO". We all know that all the start ups has to go with ups and downs so we can say that all our coins are now in this phase but from 5-10 years from now everyone will know about its potential and I can say that crypto will be adopted by majoirty of the countries. Just keep in mind as we talk now ...What is scarce has more value, We all know that gold is limited and it has been around from a long time and it certainly will have more value in the future because it is limited and the same point goes to Bitcoin as the coin is limited it has such a great value and certainly this will be a reason for the coin to go more high than it's value of 2017.
Now to prove this to you let me take all of you to the past where the only way of communication for long distances were through posts and people were comfortable with it .I can say that there were times where if you would send a post and after two days you had to visit the same place where the post was going you would reach there faster....funny right ? If you have experienced this you probably are smiling now .But why did I bring this up? let us continue with the story then after a few years came up a device called as a phone .A simple device which would change the way of communication of the world, nothing was faster than that and at first people were afraid to use it because of rumours and false statements such as telephone calls have a bad effect on the brain .. But as of now I don't think that more people use posts to communicate majority of the people prefer to have a phone to communicate..............see this is called as adaption.
The same thing had happened when internet was introduced to the world for the first time during its starting period people rejected it but as of now people cant live without it.
So what ?? Why am I telling you about this?
By the above two examples do you think that in the near future we still will be using paper notes and still be walking 10 miles towards the bank for a simple transaction ....No we won't..... We in the coming years will slowly adopt to online currencies same way as we have chosen online shopping to roaming around different shops for hours together.
The greatest example that i can give to you readers is that of the current generation youngsters of which most of them are living in developing countries and if you have noticed majority of them send their money or even their tuition fees through various online platforms ,Countries like India are also contributing through their various new policies the latest of them being digital India in which they are trying to adapt to the technology ....So do you still think that Crypto wont be our future mode of payments????? I hope that by this all of you have understood what will be the future position of the crypto field .Till here I have covered my first and third topic now let us move forward to our second topic which is........
Will crypto rise again like it did back in 2017
YES, crypto will surely rise back up and I think that it will rise more than the time of 2017 which was it's all time high . But when will the next rise in price be ??? To be true the answer is unpredictable it can be in the coming year or maybe in the next five years . It all depends upon how fast the world will adopt crypto , many of the businesses have started accepting payments through bitcoins which is a good sign . Companies such as subway and microsoft are already accepting bitcoin, slowly companies in the same field will start to accept bitcoin and other currencies in order to stay in the competition (SURVIVAL). Ripple (xrp) with it's various partnerships and accomplishments such as donations XRP is leading a good and positive path to the entire crypto market it's contribution is completely on a different level there are also various other coins like the one we steemers love STEEM which has a reward blockchain platform that is the first of it's kind which pays users for their posts .So yes off course crypto will rise again in the near future and the ones who invest in crypto at it's low levels will have the greatest advantage .