A look at the share price pages over the past few weeks may not be exactly inspiring for Bitcoin investors. Even though the Bitcoin share price currently stands at EUR 3,570 (USD 4,054), a slight plus of just under six percent, it has fallen sharply over the past few months measured against its all-time high. The situation is very similar for the entire crypto market. One wonders:
Where is the journey going, Bitcoin Revolution?
The Bitcoin revolution situation on Wednesday. If Bitcoin revolution investors are currently looking at their portfolio, they should not only enjoy it. Whether Bitcoin, Ripple, Ethereum or IOTA: Prices were clearly closer to the moon. And this despite the fact that the technology – compared to November 2017 – has made significant progress. But that could actually be the “problem”. If the market was completely overheated last year, it still seems to be cooling down. The big ICO hype seems to be over. No wonder that Prince Michael of Liechtenstein says: “Now comes a disappointment phase”.
A necessary Bitcoin loophole?
During this phase, established Bitcoin loophole projects have the opportunity to assert themselves. Shitcoins, on the other hand, finally have the opportunity to dissolve. As is currently the case with Bitcoin loophole. It was one of the most successful ICO projects on German soil, but had neither a product nor a technology. The only thing that the German start-up seems to leave behind are investors who have been put off. The idea was a good one, as was the execution – at least from the point of view of the profit-oriented initiators.
However, it is such projects that ultimately help the ecosystem (at least that is to be hoped) to extend the trimmed decentralised wings. The scene is still struggling with fraud. But in the end it can learn and reach a consensus.
This was demonstrated by the trench warfare over Bitcoin Cash. Some of them were undoubtedly led at a questionable level. Nevertheless, the war is (for the time being) over and we have a new old crypto currency in the top 10: Bitcoin ABC. Whether Bitcoin Cash ABC will prevail or turn out to be a Shitcoin, remains to be seen: Every further development of the ecosystem has its part to play in the progress of the technological revolution.
Crypto currencies grow with their adaptation
Finally, crypto currencies (if they are suitable) also grow with their adaptation: In Ohio you can pay your taxes with Bitcoin, in France you can soon buy the crypto currency together with a pack of cigarettes. For a short time, such progress may seem marginal (in terms of price slides). In the long run, however, it is such small steps that bring Bitcoin forward with big leaps. It must find its way into society in order to move away from the object of speculation and become what it wants to be: a global monetary system based on technology. Then the course will work out again.