The biggest challenges with cryptocurrencies are, price stability and their functionality to make them a better form of transactional currency. This is a problem that can not be solved today or tomorrow, but there are new blockchain startups like Reserve that is aiming at solving price stability as the major challenge facing cryptocurrencies today.
It has been clear that, whenever big business men make negative comments about cryptocurrencies, prices tend to drop until when they bounce back and correct their comments,that's when prices go bullish again. Such cases have been around especially at the start of this year. These big guys make false predictions that will favour their crypto investments causing panic in the market. Whenever negative information circulates, crypto holders tend to sell causing price to drop hard.
Have you noticed that whenever Steem/SBD prices drop, a big number of Steemit users become inactive. Most people only want to blog when prices are high. Maybe some of them think Steemit is a get rich quick scheme. If you think like that, then you are lost in the wild.
Are we at the same point in time as the internet was in 1994?
I think comparing these two would signal that there is enormous potential for crypto assets to continue their bullish run.
Let me read your supplements in the comments section below.
Thank you.
