I would like to talk about the last price drop of Bitcoin and Crypto space in General.
Crypto coins and all this market is a technological market.
Most of the market is not really working yet! Most people don't use coins as every day money transfer, it does happen but not in the scale it should really be in the future.
When people choose coins to invest today, they are actually trying to predict the future.
The future has many options, my believe is that Crypto will eventually win or be much bigger than it is today! But which coins will get widely adopted is unknown!
We see that the adoption of Ethereum Bitcoin and Dash has caused major price rise!!!
On the other hand some coins that offer very little to nothing have had a price rise of hundreds percents in one month and people are trying to buy them in ridicules prices Herd behavior which I must say is very common in the Crypto space.
I am big believer of technology and timing! Like we say in Martial arts: "You have to hit with a big hit at the right time at right place".
So If you choose the right tech in the next few years you will get some reward, if you are looking for instant reward it very difficult to predict because very rich people entered the market and together they can manipulate prices very radically. (Along with scared people who invested too much).
So how is all what I wrote related to last crash?
I think Bitcoin technologically is not functioning well in 2017 , That does not say if I know what his price will be, I just predict that he will not be a big player as he was before.
The market will eventually refresh itself and the big players we know today might not be here tomorrow (at least not in the same scale) that might cause market crashes, market drops so that can be very disturbing!
What do I suggest, If you really believe in this space!!!
Mine some coins that helps you to get to know the space and helps approve transactions and create new coins!
If you are a programmer try to contribute! (That is my wish I was a programmer 10 years ago)
If you understand the promise that crypto brings spread the word out there! make everybody know!
Thank you ! !
I am Eli Elfassy
If you want more from what I wrote you can like this !
Or send a donation !
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