Unless you have been living in an isolated remote island somewhere you may have heard that the Crypto community has been at odds, the market has reacted, lines have been drawn and shots fired.
It turns out the ghosts in the Crypto past must be dealth with.
https://i.redd.it/f892f6ktl8z11.jpg
Any CryptoCurrency project is inadvertently connected to the rise and fall of Bitcoin. While on one hand, this is a positive metric to gauge the health of the overall Crypto Market, in the short term this lends an increasing layer of volatility that is directly hurting competing currencies and projects.
Unless your ecosystem or community can adopt a sustainable use - your project will eventually run out of money and die.
Imagine something like an ego fight between to Crypto Giants crushing the work of others who are not even related to Bitcoin and BitcoinCash. It's a very real reality of the day to day work of many.
As Technology evolves it regresses into natural human behavior- the CryptoCurrency boom is no different. At present it has become a race for utility and adoption in the face of fortunes being created or wiped out overnight.
Sadly this deft undertaking has lent many a late night of high blood pressure insomnia - I myself can attest to it.
We have to pay attention then to the world outside our bubbles and the narrative that the external world out beyond our crypto universe recognized and reacts too.
-Kevin Leversee
#SUP
#SuperiorCoin
#Kryptonia
#Kblog
I got the following from = https://www.newsbtc.com/2018/11/15/brian-kelly-bitcoin-cash-hard-fork-caused-crypto-civil-war/
The cryptocurrency market is experiencing a downward momentum because of Bitcoin’s dominance (52.7 percent, according to CoinmMrketcCp.com) and very thin trading in most digital assets. Meltem Demirors, CEO of cryptocurrency research firm CoinShares, told CNBC that some investment funds have taken “some money off the table” after a number of events piled up.
“I think all other assets that are not Bitcoin are in the midst of a liquidity crisis. What we’re seeing across the board is asset prices are down 75 percent or more, in some cases 95 percent. We’re now at a point where projects are running out of money. They’re going to need to start firing employees. They’re going to need to cut costs. You’re going to see consolidation, and some of these assets, inevitably, will get marked to zero.”
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