Why most people are still weary of investing in Crypto-currencies globally !

in #crypto7 years ago

vector_world_map_design_graphics_set_573342.jpg
By the time, I write this post out of my Country (which is still unsure on Cryptos), the market cap of the entire Crypto Currency has already touched around $ 750 Billion USD.

A complete dominance by the Asian continent (Thank you S.Korea, Japan, et al).

As the world continues to speculate on whether all of this hype created by Bitcoin (The Leader), is just a bubble or the next big wave after Oil.

Many a country are still orthodox, conservative & weary. The simple reason being a lot of pillars would tumble after this wave of Crypto hits their shores, the entire Banking system would be at risk (plainly said)

Who would not want to get paid, watching an Ad, or being part of a survey or simply get a free air drop of tokens. (I surely would love to).

This should raise an alarm bell, to all the Countries who are still defiant and trust the age old system of Banking, Centralization of Data, Customer Profiling and still not adapting to the evolving Block Chain Technology and its cascading effects.

Adapt & Evolve or Ignore & perish - The choice is yours.

The Question on everybody's mind would be "when is my country going to go all in and adopt this Technology and have all of this regulated". Frankly speaking, nobody knows but everybody cares and is watchful.

Would we ever have an Decentralised Exchange or an Universal Wallet, without any chinks, time would tell, there are quite a few, which claim to have cracked the puzzle, but again we gotta wait and watch.

As of now, all the exchanges are making a killing and so are the miners, and so are the whales. Where does thisleave the common man. He is still left in the lurch, apprehensive about his future and family.

For the layman who is new to the Crypto-world, here are a few pointers which need to be adhered and followed to the "T"

  1. Always evaluate the Team behind the Coin - You would need real smart people to manage a million/billion $ company
  2. Evaluate the Project (what does the coin do -FinTech, Anonymity, Payment System etc)
  3. Evaluate the funding and the distribution of the Tokens
  4. Check the market sentiment on the Coin (public opinion)
  5. Check the Community support (Steem,Reddit, Facebook, etc)
  6. Check the Market Cap, Total Supply, Circulating Supply, past performances, road map, upcoming events, partnerships etc.
  7. If nothing goes your way, HODL, (if it is a good coin) else SODL if its a crappy coin.

Having said this, in early Jan'18, we gotta look at the developments over the next few months and look at how various countries react to this "Crypto-revolution".

Please see, I am not a Financial Advisor - and these are not financial tips butjust pointers.

If you feel, this article adds value, and changes your perception - feel free to shout-out, like, and/or comment

You could also donate to my Address - 155PmpKxvtAYwvYc3ZTpYuYggbvbdnDAd7

Sort:  

Congratulations @cryptoshiva! You received a personal award!

1 Year on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @cryptoshiva! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!