With the price of BTC seeming to be trapped in an unstoppable downtrend, many are feeling the pinch in more ways than one. Adding to the fuel is the tabloid press stories that want to do nothing more than destroy crypto and all it stands for. And the latest articles to be making the rounds, aren't breaking that norm.
A recent interview on CNBC with a certain Jan Van Eck has stated that all the pundits who were loading up on BTC last year, are now turning to where the "real" value asset lies. That being gold. Now, this is an arguement that has been waged for many months in the past, with both sides each holding strong opinions of the matter. However, with the huge slump in price, "camp gold" are having a field day.
It's no shock or surprise that we're all feeling it. And the funny thing is that in terms of crypto market and developmental activities, there has never been a busier time. BTC with it's lightening network, Ethereum working on scalability, even Steem putting measures in for decentralization and easier future onboarding. In theory, things have not looked better.
But the media are as flippant as a polished silver coin. They'll suddenly back whomever is the new most popular and backstab any competitor they once hailed as the victor. This is the "way of the headline". And I'm sure people are jumping ship in their droves, whereas only the firm believers are left behind to keep spirits alive. I'd like to think I lie in that camp, although it can get difficult at times, that's for sure.
Try to turn a blind eye to what the press have to say. They are no less in the dark about the future of this space than we are. The waves of the crypto market run high and low to the extreme, in equal measure. And as long as you can hold the mind in focus and detract from all the negative hype being bandied around, we may actually end up being the last ones standing. Who knows?
Stay positive, alert and most of all, calm. Let's see what the future brings. :)
