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RE: Curious how much demand there might be out there still for cryptocurrencies?

in #cryptocurrency7 years ago

Hey jrcornel, appreciate your posts, thanks for contributing to the community! I think a lot of participants in the crypto-revolution need to study Statistics to gain further insight. A lot of important information can be garnered, such as the patent fallacy of using "Market Capitalization" (which cannot be applied to a currency at all, only a business entity) as an indicator in digital currency, as well as drawing inferences based on convenient-sampling method (saying cryptos will grow at the rate of 2017, without taking 2009-2016 data into account, for example).

There is still a steep learning curve for participants, despite applications like Robinhood and the seemingly easy profits many have seen by doing absolutely nothing last year. IMHO by 2020, we will have proper mainstream adoption (with commensurate price stability for many assets), until then, its like the wild west!

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Great comment and I agree, though I think it might be slightly sooner. I think there is going to be a lot of headway in that direction this year and next. Regulations are coming and they are going to help the masses get in and feel much safer doing so.