This ridiculous cryptocurrencies market

Roberto Gorini
Sep 7, 2018 · 2 min read

Bitcoin and Ethereum have lost 60–70% of their value since the beginning of 2018. The maximum market capitalization has decreased from 800 billion to 200 billion.

It’s a bluff, it’s a bubble … what a ridiculous market!

This is what someone today says. And he laughs.

After gnawing for not taking advantage of the great cryptos’ boom, today he takes a small revenge. But it’s all false.

False are the euphoria of 2017 and the dysphoria of 2018, both.

If someone perceives the cryptos’ world as a trading activity, he has not understood anything about this sector, and he will be disappointed.

As long as we use dollar quotations, we’ll lose.

The whole cryptos’ market is 200 billion dollars, the gold market is estimated at 7.8 trillion, all the stock markets are 73 trillion, all the fiat currencies of the world are supposed to be about 100 trillion, and all the financial products … no one knows.

So what are we talking about? Of a fly in a room that can be slammed into a wall if someone inadvertently (or deliberately) opens a window.

Large financial lobbies can do whatever they want with this tiny market, but nobody can stop the technology.

Of course, everyone is pleased that the values ​​of the crypto “rise”, but confusing the trading with the technology, it’s like confusing the price with the value.

The world is at the beginning of a revolution, like for Internet, telephone or television. The news is that everyone can create a digital information and send it to the world without fear of duplication, deletion or modification. You can create money, you can create financial assets or certificates. And everyone can do it without intermediaries.

In 2016 I wrote in my book Crypto Economy: everything will end in a big bubble, but technology will change the world. And so it is.

Everything is changing, but someone does not realize it because he is trading and thinking about “Lambo”. Which is ok because everyone is free to do whatever he likes, but the important thing is not to get confused and not to confuse.

And if someone thinks that it takes money to change the world, he is wrong, rather it is by changing the world that makes money. It’s a matter of ideas, and money follows ideas.

Roberto Gorini

Written by

Entrepreneur, author of books Matrix Economy and Crypto Economy. Founder and CEO of Noku project www.noku.io

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade