• I am Mike Chang, I have 8 years of experience in Crypto Market. According to the current scenario of the new upcoming Era, one thing that comes into mind is that there is no global acceptability of crypto currencies.
• Many countries in the world are already running only crypto currency Exchange for the trading purposes while some other are moving towards on crypto currency mining platforms. As per my survey, every month more than 200 ICO’s are launched, but only 10 % of them sustain and thereby the profits are distributed to the people. World’s Top economist expert has predicted the Price of Bitcoin to hit around $50,000 at the end of year 2018 and many others (John McAfee) have even predicted the price to reach above $5,00,000 by the end of year 2020. There is no doubt that Bitcoin will hit this high, but the main point to focus in between this is the issue related with its “Stability.” Talking about the last year only, on Dec. 2017 Bitcoin price sky-rocketed hitting a height at $20,000 but in just two months after that, the crypto market had fallen to about 70% with its worst impacts on the economy of the people associated with it giving a negative testimony, out of which some countries partially or completely banned the crypto currencies.
• Currently people are very limited to using their crypto’s, at the trading platforms (Crypto Exchanges) only. This could be the main reason found in manipulating the crypto community. If people are able to use their crypto’s in their daily routines, this trend of market manipulation could be decreased by more than 60%.
• Even the original idea of Satoshi Nakamoto, The founder of bitcoin’s was to develop a new digital payment system which would be globally accepted as a new mode of payments transfer, eliminating the middle man but currently this motto of bitcoins is altered by the purpose of earning profits through trading margins only.
• Blockchain technology associated with the crypto currency, as well as it is an innovative technology which is fully understood an implemented for new era to give countless opportunities. Our aim of Acceptability lies on increasing public interest and providing them with very same options wisely rather than in the fiat currencies only. We can't prevent manipulation in crypto market unless the acceptability of crypto currency in the global scenario.
You might also get votes if you also post in your native language.
I am just share my experience.
there are way more reasons than these.
I can convert Fiat into Steem, but I can't convert Steem back to Fiat without going through either Bitcoin or Etherium. Change this and Steem will go to the moon.
It doesn't help that @ned is powering down. It doesn't show good faith in his own product.
Ya its really truth. Crypto Market has not been rise until increase acceptability of bitcoin in global market.
Hey nice content, I upvote you and expecting the same as well. Do follow me and I follow you back. Together we can.
ok sir. i m new here i don't know, how to work here and thanks for comment.
✅ @mikechang, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
@introduce.bot, i accept your proposal
Thanks for vote and comment
give me a vote and I will follow you