Panic At The Disco
If bitcoin did not fall, you would not like it.
Nowadays many crypto-investors, especially those who spent on bitcoin more than ten thousand dollars, are concerned about the fall of the rate. Their mood spoils, they are filled with skepticism about the crypto-currency and uncertainty about the success of their investments, and alarmists even sell bitcoin amid unfavorable news.
Serious players of the classical stock market have already joined the market of crypto-currencies: there is a trade of bitcoin futures, and, thanks to the hype, it turns into an ordinary speculative tool. The capitalization of bitcoin is almost equal to the capitalization of such large companies as Apple — it’s a lot, but not for the stock market, where there are dozens of such companies, which makes it possible to make effective efforts for pumps and dumps. Undoubtedly, bitcoin is useful for humanity as a technological product, but its usefulness can not jump, then increase, then decrease 10 times a year.
If bitcoin grew up rapidly without significant corrections, we would not do without serious economic shocks. In this case, the number of “believers” in it would incredibly increase, and the profitability of the bank deposit and bitcoin is significantly different. People would hastily take their bank deposits and invest in bitcoins. Further, banks and financial institutions would also act this way, and then, in turn, the states would follow them. Moreover, small states would be among the first to introduce the official turnover of bitcoin instead of the local national currency. All this would very quickly lead to the collapse of the banking system, galloping bitcoin growth, devaluation of weak national currencies, the global economic crisis and to significant social tension, when people will be divided into those who managed to buy a significant number of bitcoins and those who stayed out.
Digital gold keeps afloat by the influx of new adepts. When their flow runs out, the attention of crypto-investors will attract more technological crypto-currencies, like Ethereum or IZX https://izx.io/. There is no large hype around IZX, but the technology behind this token can fundamentally change the advertising market and also become the first mass crypto-currency in the world to make micropayments quickly and easily. Time will put everything in its place and it is worth trying to invest in everything new and progressive, just remember: you need to diversify the investment.
