Cryptocurrencies are experiencing a hunger for information
The participants of the crypto market again feel cheated. As a result of the withdrawal of the order by the CBOE, the Commission on securities and stock exchanges of the USA for another 240 days for a final decision, and something tells me that they intentionally will pull to the last.
In the current situation on the crypto market is blamed not only the wires from the regulator, but also a large capital, which does not want to open the “money taps” at current prices for bitcoin. Added to this are the controversial actions of President trump, the shutdown of the government and other reasons.
Surely each of them makes sense, but basically the problem lies in the excessive expectations. Growth in 2017 has become for many like a drug, the thrill of trying to repeat all his life. However, the General theory of dependencies sounds like “will never be as good as the first time.”
Last year the market has covered the higher the demand for cryptocurrency, and this year we see the demand for events in the industry. The bottom line is, there are stable volumes of transactions in the bitcoin network, a lot of plans to launch a crypto-products, delays from regulators and confusion for investors.
Vitaly Buterin at the recent conference Blockchain Connect San Francisco and even stated that the race for the number of transactions has become a kind of meaningless game in which there is a lot of “junk projects.” It should be noted that one of the founders of Ethereum always extremely negatively expressed in relation to the hype around digital point and overvaluation, warning that at any moment the value of those assets could fall to zero. I must say that in times of uncertainty should listen to these experts.
Have a big capital enough patience and resources to remain quietly on the sidelines until the crypto industry from venture capital investments will turn into an operating business, or to squeeze out of the market “whales” and exchange. The latter is unlikely to survive the pressure of regulators, many years of falling prices and reduced trading volumes.