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What is the course of the Market of the cryptocurrencies and the Blockchain?
In a world of Bulls and Bears, where everyone struggles to survive and emerge afloat in an ocean of financial blood, it is difficult to predict the future of cryptocurrencies and the technology that supports it, the Blockchain.
ICO's, ICO's and more ICOs appear every day without a concrete project that can help society in any way, but they only hope to raise an amount of money for their creators and then, if possible, execute the silver project in their "WhitePaper" " Added to this, there is the appearance of inexperienced investors who are induced to the market by a wave of financial excitement that in a short time drowns them; Investors that do not know much about this type of business ends up being vulnerable to the market and potential deceptions. Many of these investors are the ones who give life to the ICO's and projects without a future that end up taking over a large part of the volume of money that can be invested in ICO's with a real project.
All this large number of projects, one bad and the other good, but they have different directions, are those that have been generating the crisis of the active crypto market, many go in opposite directions to good practices, many do not intend to contribute something to society, and the results can be seen in the large number of ICO's that fail and that have not been able to materialize the project for which they were launched to the market in search of financing. In this sense fits a maxim of Steve Jobs that said:
"If the projects go in different directions, then: The Total, is less than the sum of its parts."
And these words make a lot of sense at this time that is living criptomercado, all those ICO's instead of adding, are subtracting volume from the market of the cryptocurrencies that really contribute something, which ends up weakening them and decreasing the confidence of investors.
Why do we invest in ICO's ??? Do we really invest to support a proposed project?
The reality is that the vast majority invests in these ICO's, thinking about obtaining fiduciary money profits in the short and medium term, even without reviewing the project that supports it, without investigating the creators or the blockchain used, and many other factors of greater relevance, which leads to blood loss and the fall of the most valuable projects.
The Venezuelan hero Simón Bolívar once said:
"An uneducated being is a victim of its own destruction"
Very wise words to describe what is happening now in the world of cryptocurrencies.
I hope I have contributed a little more to expand the reader's vision in this new world that we live with cryptocurrencies.
