Stay Strong — Crypto Community!
You never know how strong you are until being strong is the only choice you have.
Dear Community,
Blockchain and cryptocurrency is the tech that has brought revolution all around the world!
Bitcoin and other cryptos have seen many ups and downs till date. When there is hype of anything, people are irrationally excited and full of energy. When there is hopelessness, people believe that the worst will happen. To be honest, neither one of them is true and the actual reality lies somewhere in between.
The statements that Bitcoin will reach X by the year Y are just mere speculations.If you check the history of Bitcoin, there have been many minor and major bubbles each year since 2013. Here are some screenshots for your reference:
If you follow closely, you can find a pattern in the Bitcoin charts. 😉
Adam B. Levine has rightly said that:
“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.”
Bitcoin has increased so much over the years because we have given it the “value”. It’s our belief in the cryptocurrencies and blockchain technology that Bitcoin rose from $100 in 2013 to ~$20000 in 2017.
We encourage you to ignore the headlines that you come across nowadays.
The status of cryptocurrencies is yet to be decided in our country-India and nothing can be said until an official announcement is made by the Supreme Court of India.
Although, the panel setup by the Government of India has submitted the crypto recommendations to the Ministry of Finance but the content of the report has not been made public yet!
All those making speculations about the future of cryptocurrencies, prices of Bitcoin and other cryptocurrencies or the content of the report submitted for a legal framework are just guessing it without any solid evidences.
Our job is to rise above all these speculations and to stay strong and together as a community. We know that we are on the right track and believe that the decision will come in our favor, be it anytime.
You must have heard of the term Hype Cycle.
Hype Cycle represent the maturity, adoption, and social application of specific technologies. The hype cycle provides a graphical and conceptual presentation of the maturity of emerging technologies through five phases.
We leave it to you to think that in which phase the cryptocurrencies and blockchain technology currently is!
Stay Strong, Stay Positive!
With love for the Blockchain and Cryptocurrencies,
Coindelta Family
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