Many people say's that the cryptocurrency changes their life because many of the Bitcoiner especially people here really earn a lot from the cryptocurrency.
But currently, the cryptocurrency is down unlike its price on 2017, and the bitcoin is still crushing.
what would you think will be the future of the cryptocurrency? I know many people here really believe in Bitcoin and Cryptocurrency, but as of the moment, I'm starting to lose hope on the crypto because of it continues downfall.
When would you think it will end, and what is the most promising coin as of the moment?
Cryptos are currently mainly being used as an investment asset. People are buying and holding in the hope of getting a good return. Nothing wrong in it but we will not be able to harness the actual power of cryptos unless people starts using it as a currency.
Cryptos, most importantly bitcoin, was founded to become a currency and not as an investment. The increased adoption by the merchant establishments is the key to growth. The legal status is also playing a role of bottleneck. So the legal framework needs to be defined first so that it can lead the way for increased adoption.
The future looks strong. But every new thing usually takes some time for the mass to consume especially when serious amount of money is involved. It is just going through this phase.