CryptoRobby

The price increase in autumn and winter 2017 was dramatic, it went vertically upwards. Therefore, it was clear to experienced traders that this would not end well. And so it came in January and February 2018 to the big crash. Many weak blockchain projects and scams have been swept away by the market. Suddenly Bitcoin and cryptocurrency were not so cool anymore, crypto trading was not that easy anymore.

I think it was very beneficial that it came to a market adjustment, it sifted chaff from the wheat. People working on long-term projects now have a chance to program their blockchains and develop their decentralised applications with much less hustle and bustle.

Currently, I see the market in a sideways movement, which will certainly last for another 2-3 years. Well-known, but not undisputed, influencer Julian Hosp saw the bitcoin price of $ 50,000 in July. He had to retract his forecast recently. Such announcements are simply dubious.

Already in March, I warned that 2-3 difficult years for cryptocurrencies are imminent. There is a pattern in the Bitcoin price that occurred in 2011 and 2013: a sharp rise followed by a crash and a longer phase of sideways movement. Of course the conditions are similar.

Blockchain is a digital ledger that records transactions or other data over time. A blockchain can be designed to be operated by a group of companies or individuals together such that no single entity controls the system or its data.

It offers a way for people who do not know each other to create a record of who owns what, that will compel the assent of everyone concerned.

What does that mean for real life? At the moment we hear a lot about Bitcoin and cryptocurrencies. It made blockchain technology famous.

My personal focus goes well beyond Bitcoin and cryptocurrencies towards blockchain use cases which serve the needs of people; which create an added value for the society, a #ReturnOnSociety

Internet giants like Google and Facebook contributed to a total centralised cyber world. Startups like Blockstack want to change that. They plan to release software, based on blockchain, that will enable your regular browser to explore a parallel universe to the Web where users have more control of their data.