The world has been rocked by bitcoin’s volatility within the last few weeks. “Experts” around the world have had widely conflicting views. Although some call it a temporary setback, others call it permanent. At EndChain, our point of view is different than most in the market.
Our team believes that the crypto economy is similar to the stock market. In the stock market, there are cycles of booms and busts, which is dictated by the economy. The market often has years of boom, followed by a period of bust. However, in these cycles, the overall trend is usually upwards.
The same can be seen in the crypto market, but in a much quicker fashion. There are quick cycles of booms and busts. We believe the reason that these cycles are quicker are due to a few main reasons:
Market participation barrier- Anybody can buy/sell crypto for a small fee and there is no minimum needed. The barrier is lower than traditional markets.
Comparatively lack regulations- Compared to traditional markets
Global players- The market is 24/7 and can be accessed by anybody in the world
Mentality- Those in the crypto market often put in “no more than they can afford to lose”, making them go into and leave the market on a regular basis, instead of parking their money there for a long time
Due to these reasons above, the market sees a quicker cycle as there are more players, with less regulations and an entirely different mentality. One needs to not compare crypto prices to their peak, but their growth over 1–2 years. We believe that in due time, the market will not only recover, but exceed its peak prices.
This is why EndChain has decided to continue with its ICO and its Pre-ICO starts on Dec 1st, 2018 with a 50% bonus
Email- support@EndChain.io
Website- www.endchain.io
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