Over the years, people and abstract phenomena have always been viewed and defined by many through the screen of absolutes — White or black, Good or Bad, Dreamer or Doer, Idealist or Pragmatist, those who live for the past/present or those who live for the future?
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The world of cryptocurrencies has not been an exception to these discrete views. In fact, skeptics and enthusiasts alike once viewed cryptocurrencies as real or fake, truth or falsehood, a possibility or a product of wishful thinking depending on the side of the divide the holder of the view belongs. It was only a matter of time before the narrative changed and many came to agree that Cryptocurrencies are here to stay after all. However, the increased awareness did not just open doors for what is perhaps the biggest revolution in the finance market but it also led to an influx of shallow enthusiasts who only dabbled into cryptocurrencies like it’s a get-rich-quick scheme. Dilettantes who are missing the ultimate point that cryptocurrency is the future of the financial world. To insightful analysts, the current dip in value being experienced by most cryptocurrencies isn’t much of a surprise but an inevitable bubble — causing a ripple effect in the industry. We liken this ripple to a necessary wind for separating the real deals from charlatans and dabblers. This weeding is indeed necessary for ushering in the propitious future of cryptocurrencies in the financial world. History is surely about to repeat itself. How do we know this? The dot-com bubble (1) provides valuable insights.
From the early to the late 1990's, usage and widespread commercialization of the internet grew in leaps, with the market capitalization of internet-based companies peaking in value in the first quarter of the year 2000. Then the unexpected happened — market capitalization plummeted astronomically. During the crash, many internet-based companies went out of business. Interestingly, a few survived. Guess what? The few survivors ended up growing into mammoth billion dollar empires. Talk of Amazon, talk of eBay. Drawing a parallel, cryptocurrencies started evolving in 2008 but it gained massive traction in the successive years. To put that in perspective, a bitcoin traded at USD 0.30 on 1st Jan. 2011, and $100 investment would have fetched 333 bitcoins. By 17th December, 2017 those 333 bitcoins would have amounted to $6,594,267 when bitcoin values peaked at $19,783 (2). Since then the value of bitcoin and other cryptocurrencies have experienced a roller-coaster, to put it mildly, or a downward spiral to be more pessimistic, giving skeptics and naysayers something to laugh about. [TI2] To really have a full grasp of what is happening here, let’s revisit our world of dichotomies.
One thousand and one reasons can be ascribed to why the dot-com bubble survived where the majority failed. However, one overarching fact is that in the midst of all inevitable changes and downtown of events, the survivors aren’t those who see the world from the screen of black and white but those who see things in shades of grey and adapt to changes accordingly. They are not only dreamers who see the future but also doers who take practical steps in the light of prevailing realities. They may be idealists but their pragmatic stand is so palpable, they are always adapting and evolving. They aren’t trapped by the mistakes of the past or the limitations of the present. They aren’t so enraptured by the possibilities of the future either, but as firm thinkers, they take practical steps in the present towards delivering those lofty realities.
This is where Trade Nexi comes in. As a melting pot/nexus of three market models — Trade Nexi Market, Trade Nexi Exchange and Trade Nexi Community, our startup with the relentless efforts of her team of experts are about to take our use and approach to cryptocurrencies to the next level. By tapping into the fast-growing eCommerce market and reinventing the way transaction is being done online with the use of cryptocurrencies, Trade Nexi presents radical shift — trade without limits. The key point is synergizing Blockchains with eCommerce and blurring the distinction between the two. With about 2 billion annual online shoppers and millions of cryptocurrency users, Trade Nexi is set to take a pivotal place in the e-commerce market and with a lot of room to grow and be profitable to both investors and users. We are not seeing discrete entities of Black vs White, Idealist vs Pragmatist, Cryptoworld vs Ecommerce but practical shades of grey by creating a platform where cryptocurrencies become a standard payment option for goods and services with comparatively lower costs.
In the grand scheme of things, individual opinions are of little consequence to revolutions and evolution of ideas. The only question is — which side of the divide will you as an individual be? — Those that stood aloof and watched things happen or those who contributed to the making of the history? Reward only comes to those who balance the dreams with commensurate actions. Are you going to be a dreamer, a doer or find the effective balance of shade of grey in the world of black-white dichotomy?
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