Digital Asset Ice Age
Digital Asset Ice Age
Digital Asset Ice Age
Most digital assets & currencies have fallen back in price and this was to be expected. The cooling off period will not last long. There are a few factors that are coming into play at the moment such as;
Some of the really interesting things coming out of the digital asset space is that we are seeing people globally transferring value using digital assets. We are seeing products & services delivered for digital assets & currency instead of fiat. Some people and businesses are preferring digital assets instead of fiat currency. To be sure this technology will only develop and increase in value and utility globally.
Today we saw a buy back into the entire market across every asset class. The market popped to 88 Billion before a sell off and now it's back to 83 Billion. The volatility of this market is what drives excitement. The day traders are like gamblers and there are many people going broke trying to play the market as day traders. Still there are many day traders that are making some great returns.
This market is like the stock market on Adrenalin, it fluctuates like crazy with no logic to its movement. This underpinned with real technology and deliverables is what is driving innovation as we explore value globally.
I am excited to see how the new digital global economy develops, how will payments be made, how will micro payments of hundredths of a cent influence product and service evolution & delivery, how will blockchain and the transfer of ownership affect assets in general and can we see a boom of asset rental like AirBnB does with housing but with cars, bikes, tools, etc.
and this can be see within the With this size market it is easy see mass adoption buy ins, or institutional investors coming in or general interest and adoption.
What is for certain is that there will be a short iceage as the market waits to see the outcome of 1st Aug UASF with Bitcoin. I'm eagerly awaiting the move to POS with Ethereum and to see if this will force another Ethereum fork with a third chain developing. DASH is working on it's payment gateway integration and this will surely add real value to it's network. I am excited to see DASH develop as a platform and become a medium of exchange as I believe it has huge utility as a currency.
This blockchain architecture is here to stay, Bitcoin is a digital chameleon that is going to keep evolving and it will continue to become more valuable.
Happy bitcoin-ing :)
Digital Asset Ice Age
Most digital assets & currencies have fallen back in price and this was to be expected. The cooling off period will not last long. There are a few factors that are coming into play at the moment such as;
- The move from Proof Of Work to Proof Of Stake in Ethereum could lead to another fork,
- The implementation of BIP148 in Bitcoin,
- The search for delivery and transfer of value globally and without friction
- Services waiting to come online from projects and companies,
- There has been market manipulation with selling across the entire market systematically with profit taking across the whole market.
Some of the really interesting things coming out of the digital asset space is that we are seeing people globally transferring value using digital assets. We are seeing products & services delivered for digital assets & currency instead of fiat. Some people and businesses are preferring digital assets instead of fiat currency. To be sure this technology will only develop and increase in value and utility globally.
Today we saw a buy back into the entire market across every asset class. The market popped to 88 Billion before a sell off and now it's back to 83 Billion. The volatility of this market is what drives excitement. The day traders are like gamblers and there are many people going broke trying to play the market as day traders. Still there are many day traders that are making some great returns.
This market is like the stock market on Adrenalin, it fluctuates like crazy with no logic to its movement. This underpinned with real technology and deliverables is what is driving innovation as we explore value globally.
I am excited to see how the new digital global economy develops, how will payments be made, how will micro payments of hundredths of a cent influence product and service evolution & delivery, how will blockchain and the transfer of ownership affect assets in general and can we see a boom of asset rental like AirBnB does with housing but with cars, bikes, tools, etc.
and this can be see within the With this size market it is easy see mass adoption buy ins, or institutional investors coming in or general interest and adoption.
What is for certain is that there will be a short iceage as the market waits to see the outcome of 1st Aug UASF with Bitcoin. I'm eagerly awaiting the move to POS with Ethereum and to see if this will force another Ethereum fork with a third chain developing. DASH is working on it's payment gateway integration and this will surely add real value to it's network. I am excited to see DASH develop as a platform and become a medium of exchange as I believe it has huge utility as a currency.
This blockchain architecture is here to stay, Bitcoin is a digital chameleon that is going to keep evolving and it will continue to become more valuable.
Happy bitcoin-ing :)
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