Bitcoin’s transaction volume is slumping, though fees have gone down substantially.
It’s important to understand that BTC must deliver real value to its users, if it aspires to stay relevant.
In 2017, hundreds of thousands of people bought BTC as pure speculation, not because they needed to use it. This is an important point, which must be kept in mind.
Therefore, Pure Blockchain Wealth issued a time-sensitive alert, as BTC crossed over the $10,000 in Q4 of 2017, suggesting that it was now frenzy season and best not to add to the Bitcoin position. In fact, the better idea was to take some profits!
Many emailed us, questioning this strategy, citing that Bitcoin would go to $100,000 and eventually $1,000,000 per coin, but we remained steadfast that better entry points would present themselves in the future.
Two weeks later, we saw BTC nose diving from $20,000 back to $5,900, at which point, our proprietary signal system triggered a buy alert. You see, making profits with any asset depends upon three factors:
- A. Betting big when it’s cheap.
- B. Waiting for a clear uptrend.
- C. Holding, I mean HODLing
Right now, BTC is trying to define its identity, but what’s clearly taking-off and in no need of soul searching is blockchain technology, with its growing acceptance.
Pure Blockchain Wealth sees the adoption of it as the main vehicle by which the general population will learn about the crypto economy.
The major opportunities, then, reside with businesses, which lead the blockchain application into traditional industries.
Every state is issuing conflicting regulatory laws concerning cryptocurrencies and ICO’s, like Wyoming’s new bill, which exempts tokens from security regulations, while in NYC, a judge ruled that cryptocurrencies can be regulated as commodities.
These conflicting rulings make it hard on cryptocurrency investors, but blockchain technology keeps on charging forward, and that’s where we’ll be making our presence known, by partnering with the best teams.
You see, all over the globe, blockchain is being utilized at greater levels and in new use-cases.
For example, The Swedish government will complete its 1st real estate transaction using blockchain.
In Russia, polls used for elections will take advantage of blockchain.
BMW and Mercedes-Benz have both just announced that they’ll be using blockchain technology for their own purposes.
General Electric, one of the oldest and most established companies on the planet, has joined the Blockchain Trade Association.
This is what adoption looks like on a grand scale, and it reminds me of the early days of the Internet, where websites were starting to pop-up everywhere and then the early days of social media, where every brand and each person had his own account.
In fact, Cambodia just joined Venezuela, Turkey, Russia, and Iran, along with other exotic islands, which have all expressed their willingness to launch a state-issued coin.
PayPal and Amazon are going to great lengths to jump the gun themselves and prepare for this mass adoption, which is coming, by positioning with blockchain-focused investments of their own.
We’re in the midst of a 5-week research sprint to make sure that we cover the most undervalued opportunities, which are hitting the market right now!
Remain poised and concentrate on the big picture.