No matter how long you have been involved with cryptocurrency or financial markets, you have likely asked yourself at some point this year (2018) what the hell is going on with crypto and when things will change. Am I right?
But, how will crypto change and will we like the outcome of it?
The bouncing up and down of the market has kept things interesting and has allowed speculators to claim crypto is dead or going to make a huge run (depending on what side of the argument you choose to take).
Crypto does still run on hype and that is why we see so much volatility in the price. Someone influential releases bad news and the market drops, someone else releases great news and the market rushes back up. But, there’s so much going on behind the scenes that not everyone is aware of.
Dawning of a New Age
Entrepreneurship in and of itself is a fairly recently acceptable thing. The dotcom era had turned people off from business in many ways and left many with a bad taste in their mouths. Some saw entrepreneurs as “get rich quick” schemers or scammers that were only out for themselves.
But, for others that truly believed in the power of changing the world, they saw an opportunity to build a solid foundation that would take a decade or more to build but would start a revolution and led to the innovative technologies that we have today.
What Does This Have to Do With Crypto?
The computer and network infrastructures that were built in order to make companies like Google and Facebook or the giant of Microsoft have given millennials and Gen Xers the ability to build blockchains and cryptocurrency platforms today.
The empires of today have been built upon the technology of yesterday to create something revolutionary that is changing the way that money changes hands the world over while giving power back to the people instead of leaving it in large powers like banks.
We are seeing history being made and shifts away from paper pushing to working on exciting projects virtually with teams from all over the world. Daily, I work with a crypto team that hails from USA, England, India, and China. This never would have been possible without the technology that we now have at our fingertips.
Weeding Out the Bad
Right now, we are still in the infancy of the market, part of why price manipulation is still so rampant. This is a great time to be a part of things because we are now starting to see the bad get weeded out. Unfortunately, many people have lost money on ICOs that have failed or were scams so many hard lessons have been learned.
But, the point is that we are learning what makes a solid investment and what doesn’t. There are coins that will equate to an Amazon when the dust clears.
Early adopters have made (and possibly lost) millions of dollars off of modest investments that have led to some of the smartest technical minds of our times creating not only technical products but new monetary systems.
Crypto is no longer a hobby for teenagers that are tech obsessed. The game has changed.
Crypto has raised a need for tech businesses and entrepreneurs now that want to change the world and set the old way of doing things on fire.
Someone told me recently that the “nerds have been weaponized” and that really resonated with me. I mean, how cool is that?!
We haven’t found the Jeff Bezos of crypto yet or the Amazon company but we will soon. I completely believe that. We still have many changes to go but its been amazing to watch so far!
What do you think about the current state of crypto and where it’s going from here? I want to hear your thoughts!
Thanks for reading,