Why Is The Crypto Market Not Moving? Lack Of Interest? Anticipation of EOS? Are we really that early any longer? Time to be realistic
crypto·@baronvonbitcoin·
0.000 HBDWhy Is The Crypto Market Not Moving? Lack Of Interest? Anticipation of EOS? Are we really that early any longer? Time to be realistic
 Just a quick update on how I see the market right now. First of all, there are mainly good news coming out. Let's keep that in mind. Recently a study made by the Wall Street Journal that 20% of all ICO's are scams. 20%?!?!? I thought 90% were scams. That's the number I've been told by everyone. https://cryptovest.com/news/nearly-20-of-icos-are-possible-scams-new-study-by-wsj-finds/ Second, there is just a lack of interest. Ethereum is not performing well and is struggeling to make transactions. The network is clogged up like the arteries of a 80 year long smoker. Bitcoin is just drama and not even the Bitcoin events are accepting Bitcoin as payment because it doesnt work as a currency. ( I know this is cursing in the church, but Bitcoin Cash accept BCH at all their events) Just look at Bitcoin on Google Trends  What a depressing sight.  Ethereum not much better But how about EOS then?  Well, EOS is a project that has held public interest for quite some time. It is a gigantic project with a lot of promises and hype, and it is set to launch June 1. I think a lot of the future of cryptos this year at least depends on EOS. If EOS launched on time and everything goes smoothly I think we will see more interest in cryptos again. It will at least show some promise. Ethereum has died out. It has been here for 4 years and during that time almost none of the projects ER20 tokens has actually done anything other than promises and beta testing. And Ethereum it self is just struggeling with scaling and transactions. So my bet is that a lot depends on EOS. Fortunately EOS seems to be ahead of schedule, and a lot of more technical people say what they see is amazing. I think people now are getting impatience. It has been a year since the public started knowing about cryptos and investing in cryptos, and not much has really happened the past 12 months. Sure, a lot of SMALL stuff has happened. A lot of smaller projects. But we lack the adoption and usecases. Even with Steem there is a lot of issues. Dtube is not running well, all these other projects like Dmania etc just clogs up your blog, all the drama with bots etc. This of course means we are in the early phase..but I don't think we should pat ourselves on the back and tell ourselves that we are only in the early phase, so no worries..for ever. We can't sit here in 10 years and keep telling ourselves we are in the early phase duuuude. We're so early. No, we're NOT that early anymore. We need to start seeing some actual usecase and proper projects. Not just wild dreams and speculations on high prices. A funny joke I came up with was that the only thing the crypto space has produced is a lot of cool 3d images of cool lines and dots. It's not true of course, but it's a little bit funny and true      
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