Cryptocurrency has been given various names over its existence. Some people levelled it as a SCAM of the century, while some have stated it as a way of being free! More precise meaning would be to get hold of their true ownership of their data, crypto (aka money) and security(via blockchain). There has been controversies regarding crypto and there will be in the future as well. Unless, someone gets a hold of valid information about crypto and how it operates via the blockchain network and the different use cases of different blockchain that exists till date. But either way I have been getting some vibe and some very legit points about the fact how crypto is slowly moving towards the true acceptance that we have been talking for years.
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More influencers are getting involved with Crypto
Situations changes! So does our thoughts. Lately I have been spending a lot of my time in different social medias. You may as well say, I am wasting my time in those things and to my surprise I have been seeing some influencers who are really promoting crypto in several ways. Probably the algorithm is making those appear in front of my screen but seeing those people promoting and that even in a positive way is somehow giving a lot of hope which was not present during our early days of crypto.
Some of them are promoting the fact about security issues. How some things can be solved using the tech of blockchain. How we can truly own our data and also our money. In fact a new world is being created for those who had close to no idea about crypto and the endless possibilities of crypto use cases. The mainstream media has been polluting crypto in several ways but seems like the time has arrived how technology and its users are helping crypto to make things right and to get actual knowledge about crypto. In probably 5 or ten years we will see the true value of crypto and its use cases. Till than lets see what we can do about our portfolio and help crypto reach to others.
Bull and Bear affect
Let's be honest, crypto bulls and bears does attracts people from all across the globe. Whenever something happens in crypto, may that it be positive or negative we tend to get a lot of attention. In fact this was one of the reason why I was able to get to know about crypto and get introduced to it. Although, the rest is now history ;)
Bulls and bears will always attract people towards crypto. Although, some will possibly leave crypto and say good bye to it while some people like me will probably try to utilize the bears and build their castle for the future ;) What I am trying to say is, do not believe whatever others, mainstream media says about crypto , just for the sake of yourself do some of your own research and take the decision for yourself.
Publicity is indeed necessary. While some of the situations are entirely not in our hand. Such as this bear which has been going on for months. Some people have left crypto due to the price impacts and some are still here and trying to utilize everything that they have. Negative impact can be harsh to deal with. While not everything is in our control. So as for me I am doing what I can in this present situation so should you as well. I suppose what I can only say is, bull market will answer everything in the coming days/weeks/months.
There are different aspects of Crypto
Yes, there has been countless failed attempts made to crypto ventures. NFT's, Defi, Crypto games, Juicy APR projects and many more. In those projects people lost millions. Countless people were scammed. But lets not forget that there were successful projects as well. Some of those projects really made things worse for others. While some of the projects were made without doing proper research which resulted in crashing the whole crypto market. Such examples are Terra, FTX and many more.
Crypto has set examples to many routes. Decentralization, owning true power for own assets, no third party involvements in terms of transactions so much has been accomplished over the period. Some misconceptions and also some negative news about crypto has made it seem like a fail attempt. But those who have seen and learned wisely about crypto they know it is the future and it will change the course of us in the coming days. Lets see how long it takes!
Best regards
Rehan
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