Home / Crypto Currency / The Potential of the Cryptocurrency Market – Why Giving into FOMO Isn’t a Bad Idea

The Potential of the Cryptocurrency Market – Why Giving into FOMO Isn’t a Bad Idea

In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.

ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $16.3 million in 2018 to $144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift.

However, even though the industry as a whole has garnered considerable support, it remains fairly controversial. This is primarily due to the lack of governmental regulation, as well as the fear generated by fraudulent scams and illegitimate behavior.

We tend to forget that this is a normal process for every innovative revolution; in fact, the crypto market’s evolution is very similar to that of the Stock Exchange market circa late 19th and early 20th century. At the time, the financial boom occurred so fast that it took a while for proper regulation to catch up. It can be difficult to imagine a time when investment and stock trading markets didn’t exist in the form as we know it now, especially without the presence of institutions such as the SEC and FINRA who now set the rules that help to organize and regulate the sector.

Change is underway as more and more countries are embracing the industry and initiating conversations about future regulation. This holds huge promise for cryptocurrencies, as regulations are strongly linked to a wider acceptance of digital tokens.

At Blockchain.io, we believe that Crypto-Exchanges will lead the way in the new era of how value is traded. The Crypto market holds great potential when it comes to simplifying access to financial payment systems; as such, participation will not be determined by credit history, but by the willingness to access the technology itself. To facilitate ease of access into this new financial ecosystem, we have worked diligently to deliver a product that is intuitive and easy to use for traders, investors, and the everyday people.

We are mindful of the role that Europe can play in helping to develop this industry further. To transform Europe into a credible Crypto hub that can compete with Asia and the US, we need innovative projects that will deliver stellar products and value to advance the growth and innovation of this sector further. That is precisely what we aim to do with Blockchain.io, a new gateway into the era of the Internet of Value. Our goal is to become the leading Cryptocurrency Exchange platform in Europe by 2020 – to accomplish that, we are aware that we must actively build a flourishing community of Crypto-enthusiasts around the world.

We look forward to leading the crypto revolution alongside you. You can join us by participating in our public sale that opens on September 27th!

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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