The confidence level isn't the same as the one that you had last month. So you've seen the market fluctuating playing games with you, you see it in green you're saying yet this is it we're going up for the moon and then a few minutes or an hour later it goes down on value and you are back in the red and you get frustrated again and lose hope in the market and then the stage reaches where you say look I'm just going to give up.
There is this fear that is stopping price movement, this obstacle of fear of regulations.
I want to share with you that cryptocurrency has provided so far for the world. So I am going to share a future outlook of cryptocurrencies and what you should expect.
1. Wall Street
Wall Street has tapped into this market, Goldman Sachs JP Morgan has begun and you know the first crypto trading desk where people call up the desk and say hey I want to invest in this and also they hired their first trading analyst.
There's the thing, what company in this right mind is going to come out in a bear market and say we are going to come out and establish a trading desk? Nobody, because the way they are going to make money is through commission and if there's no volume and buyers then how are they going to make money?
So, they are getting ready and they know something that you don't know.
2. Growth of Exchanges and Wallets
You're seeing a lot of wallets being established, a lot of crypto exchanges are being developed and established and everywhere you looked as a new advertisement of how this wallet is going to be etc.
So that tells you something, cryptocurrencies has caused the growth of companies, the creation of companies.
3. Job Creation
Cryptocurrency, this new asset class has caused the creation of jobs, the generation of jobs and it all leads to one thing and this will all lead back to regulations.
So, if we have companies being established in the country and jobs been created in a country all because of something called cryptocurrency, then what does that mean for the country, what does that mean for the economy? Taxations, attraction of foreign investors, economical growth.
4. Innovation
Now, we all know that the whole blockchain thing and cryptos, the whole purpose here is to improve the way companies do things.
Take this example,
Nokia and Motorola were some time ago a huge mobile companies owning the mobile markets but with the introduction of Apple and Samsung introducing this touch screen technology they put Nokia and Motorola behind.
So what does this tell us is that they were late to adopt the touchscreen technology.
So, it's the same here, you can see there's a race for integration, around the world banks are racing to integrate Ripple into their platform and systems.
5. NASDAQ
NASDAQ, one of the big stock exchanges in the world where most stocks and large companies like Apple are listed on that exchange and basically on that exchange you can invest in stocks and buy sell stocks.
So the came out and said that we're going to allow for cryptocurrency trading once the regulations are clarified. That means that they are going to set up their own crypto exchange where investors can go in and ICOs are going to be listed there and you can buy them and sell them there.
That means you can trade this volatile money in the same exchange where the stock traders will jump onto this volatile asset because this volatile asset in two hours you can make the same money, that you're trading stocks in two weeks, so you are going to have volume.
OTHER READS
- The Reason WHY Bitcoin Drop is Continue to Happening and The Cost of Mining 1 BTC Across The World
- Covesting a New Cryptocurrency Exchange Launched in Beta
- We Live in a Society Where We Expect Everything Overnight & This Is Why Most of Us FAIL
- Kuwait Finance House (KFH) Is the First Bank in Kuwait To Join RippleNet For Cross-Border Instant Payments
- What You Need To Do to Be Successful At Day Trading
- Volatility of Cryptocurrencies | Is it Good for Cryptocurrencies or It MIght be a Necessary Evil?
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