RE: Crypto Space BLEEDING OUT? BUCKLE UP - recent correction AIN'T OVER just yet [my personal expectations]
Hello and greetings! I would like to give my thoughts as requested about your post, it was informative to read your perspective and I appreciate the time you took to share..
When it comes to Bitcoin I feel the community that has been adopted has no clue that the very adoption itself is the value, and the reasons most people adopt are drawn to it is by way of the price going up and down. There are no other uses cases from what I read or see other than the network marketing or MLM scene that has found a use case for it by using it instead of FIAT currency on ponzi structures, which has brought regulators since the community found ways to use Bitcoin illegally.
The principles of Bitcoin that is mostly overlooked as value is that it is ownerless, decentralized, and to earn you do not need to invest but contribute to the protocol with mining or being a node. That is somewhat oversaturated as of now, but the principles still apply. More can be built upon these principles rather than using old logic on new innovations.
To one that looks at the price of bitcoin rising and falling.. where can you find the proof of it's value?
Thank you for sharing your thoughts with me @wisetoken
I appreciate it a lot.
Do you write about topics related to technology and blockchain? Check out our community and consider subscribing and joining us: https://steemit.com/trending/hive-175254
Yours, Piotr