Even As USD Price Of Crypto Weakens, Blockchain Technology Advances - So, Fear Not
Crypto was looking weak for a little and it is still a possibility that it could weaken further form a financial standpoint; it still has a lot of recovery in front of it to get back to top levels of late 2017/early 2018. That said, even as the USD price point of crypto weakens, Blockchain Technology continues to grow stronger. The underlying software behind this explosive movement has a growing number of faithful developers, pushing the technology further and further. These advancements and this push to become better and better make me confident in the future of Blockchain and, in turn, crypto. The price will rise again because of the utility and the underlying technology.
Huge companies are pushing Blockchain boundaries, which include the phenomenal young successes in the Blockchain Inudstry, as well as Veteran Tech/Finance Behemoths such as IBM, PayPal, Microsoft-Affiliated companies (team behind Hadoop), and others! People liken this to the dotCOM Boom which is a fair likening because of the fact that we are dealing with a new innovative technical concept and software paradigm, one that is revolutionizing the Information Industry and will do so to the same exponential degree as the dotCOM Boom did. IBM is even developing Hardware specifically with Crypto in mind, for Internet Of Things application among other things. They are developing tiny computers smaller than a grain of salt in some cases that allow for metric gathering on the blockchain for medical, food, and other consumer industries. These 'cryptographic anchors' are expected to be embedded in many many devices within the next 5 years (https://www.ciodive.com/news/the-worlds-tiniest-computer-among-ibms-expected-crypto-anchors/519411/).
The Blockchain Movement is in full swing despite any market uncertainty. The uncertainty is due to the crash, which is due to a mix of weak hands and those predators who would prey on those with weak hands so they can scalp, buy on the dip, and/or short. Those who hold are likely to do better here unless they have overwhelmingly powerful market data/trading software, as timing the market in situations like this can be near impossible. Fundamentally though, there are some great projects in the Blockchain Realm, great Cryptocurrencies out there, and those projects and currencies will do well long-term. Those are the ones to get into and hold onto. Then, don't worry, because the movement grows even when the market is showing an appeared weakness. That weakness is artificial and temporary. So get in before it is too late if you're not already positioned; otherwise, hold on tight and we can meet on the moon together.
way way cool stuff, blockchain tech is the future, and thought of selling my SBD but i'm holding on, i do hope it recovers soon
I think it's important to mention that Bitcoin's price and the adoption on blockchain technology are not really related (other than perhaps a bit of hype from those who really don't know the Bitcoin <> Blockchain relationship).
Yeah, very true. I think that the advancement of Blockchain Technology does open doors for more efficient use of Bitcion/Other Cryptocurrencies though, which is good for price. I think as Blockchain Tech succeeds too, speculative valuation of cryptos by the majority will increase as well.
Good news for crypto holders... specially me....It is a very informative article and
helpful also..@biddle
Yeah the blockchain is advancing really quickly. So many innovations are coming our way which will change the world!
Blockchain is the future
Amen to that!
Crypto wil be the future and to mention Blockchain the adoption will be even huge in the coming days ;)
Let's hope for the best !
I think I have not been a good patient, I have already sold 70% of my sbd income due to the low level
Have faith, my friend! If you feel you need to sell, that's your prerogative, but I really think SBD/Steem will spike soon again! :)
It would be awesome to implement teslas technology to the block chain. This is the beginning of our civilization living peacefully off world.
Hell yeah, that would be really great for PR and the Tech! :)
It's really great to hear that because IBM is an giant company and if they are working towards Blockchain Technology then it's an great news and i really like your words as, hold tight and we'll meet together on the moon, and in my opinion also we will going to move towards the uptrend. Thanks for sharing and wishing you an great day. Stay blessed. 🙂
Blockchain is advancing and it is the future.