Is the Crypto Dance and Blockchain Boogie Over?

It was the wave of the future for a hot minute on cable news and online it seemed, and within a year scammers, hackers, and regulators killed all the fun. Now, if you hear anything about Bitcoin the cryptocurrency or blockchain technology, the odds are the news probably isn’t anything positive. So for the layman on the street, is all this internet witchcraft going anywhere or was it a one-time thing? Well, the answer is kinda complicated.

When cryptocurrencies became more of a household name towards the end of 2017 during its historic bull run, everyone and their grandmother thought of these alt-coins as the next penny stock which would take them from in-debt to millions overnight based solely off consumer speculation. Many new HODLRs and investors didn’t have a clue what they were getting into but they knew it was making some people boatloads of cash, which was good enough for many who saw their fortunes go from the moon to crashing down to reality, sadly. Now, the wave is gone and the cryptomarket seems to be at a healthy, normal rate as of right now.

sound money and technology is the ultimate consumer revolution of the twenty-first century.

The biggest mistake many newbies made was that they didn’t understand the underlying purpose of crypto- privacy and sound money. They treated it like stock and speculation caused ridiculous spikes in coins that were very obviously overvalued. Then when people began to lose money they sold all they had and left the crypto game entirely, not knowing any more than when they first invested. While your average middle-class consumer won’t be tipping their waiter in Bitcoin anytime soon, Bitcoin and crypto ATM’s are popping up around the country while online stores such as Overstock and other online boutique stores are understanding that there is a market for crypto consumers. Progress takes time, and silence doesn’t necessarily mean death. Nations like Venezuela are learning the hard way what inflationary fiat currency can do to an economy, which is why Latin America is one of the highest trading crypto regions in the world.

In terms of the blockchain, this is perhaps the most exciting time to get involved in understanding blockchain technology, which many banks, businesses, and even governments are attempting to understand better as a way to simplify existing systems, build new products, and eliminate potential old systems of fraud, waste, and abuse. While many new and old alt-coins live and die in seconds, blockchain technology might become implemented in some aspect of your life very soon.

Ultimately, consumers have to make decisions in their lives to adopt certain decisions which ultimately effect market movement. If you want to start utilizing crypto in your life and leading the future, there is only one way to do it- take the jump and dance the dance often and loud enough until others start to notice, and then convince themselves that this form of sound money and technology is the ultimate consumer revolution of the twenty-first century.