Few seem to realize that the potential of blockchain is NOT to articulate trading exchanges, but to disrupt technologies entrenched by an oligopoly. Pasting from another space where i write:

Many of you of read my posts (ok, all three of you.. 😇 Ⓥ 🤓 🙏 ) .. know that I share a view that mainstream media is a well-oiled component, part of a larger machine that is in essence a business plan. There are 4 main machines (media, medical, food, finance) that are tightly-coupled.

When a component is damaged, the machine efficiency is impacted. When that happens you fix the machine, if you can.

What you are witnessing in the crypto markets is the beginning of an *attempt* to fix the components being impacted by cryptocurrency. If anyone thought the owners of the machine would go down without a fight, they would be wrong.

Here is the thing: disruption is seldom pretty or easy. The loss of revenue sources usually results in fights and bloodshed. So it will be with cryptocurrency, mark my words.

Do you really think those who profit in the billions and trillions would not be doing their best to impart FUD (Fear Uncertainty Doubt) into the mix? A few well-known old-school pundits speaking out (follow the money), speaking out and having their words spread far and wide, to help feed the FUD. When that doesn't work, a few accidents shall be seen.

Here is the deeper truth: There are many emerging blockchain services that can truly disrupt established ways of doing things: escrow, banking, notary services, many legal actions, car registries, proofs of concept, patent exploration, and many more. BUT, and this is a but few realize: none of the services are yet mainstream, as most are actively being birthed. Once they start to manifest, once real-life actions are impacted by the ability of blockchain-based services, THEN you will see the reason for the hype. It ain't just the profits by trading.

The goal of crypto is to wrestle control of services from the group that owns so much of this world. That will happen. Be strong, do not own the FUD.

Yes, cryptocurrencies are trending down, but keep the bigger picture in mind.

Disruption is rarely pretty.