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RE: Genesis mining has stopped to pay since Nicehash was hacked, coincidence?

in #cryptocurrency7 years ago

It is the adoption of crypto-currencies world-wide that is a driving force right now. Everyone knows to buy on the pull-backs, this could be why the pull-backs are not as severe. Of course if a major exchange is hacked again, then that could cause a sharp pull-back in price.

In terms of the world-wide population getting into crypto-currencies, it is estimated that we are just about to leave the "innovators" phase of penetrating the entire market.

Over the Thanksgiving holiday, many people told friends and family about how they have been making money in crypto-currencies. That started a wave of people signing up on exchanges and buying the main three: Bitcoin, Litecoin, and Ethereum.

Get prepared for another wave as those people tell their friends and family about crypto-currencies and the spectacular run they have seen since Thanksgiving.

As people gather for the holidays at the end of the year, they are going to hear about crypto-currencies and the stories of wealth generation. This will cause an even a greater number of people to signup on the exchanges and buy the main crypto-currencies.

And those who got into crypto-currencies over Thanksgiving will be learning more about the alternative coins which will cause them to rise in value too.

Take a look at the adoption curve. The acceleration of people into crypto-currencies is just beginning.

You are very fortunate to be one of the "innovators" in this space and you will reap the rewards for your forethought.

Have a fantastic week!
Steem on,
Mike

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Oh so this is why very nice and detailed explanation you give me i couldn't found it anywhere thanks for sharing your knowledge i appreciate it :) thank you once again

Have an awesome year
Cheers