Hoskinson states Cryptocurrency is in need of a wifi or bluetooth momentMarch 29, 2019
Charles Hoskinson, founder of Cardano, stated that cryptocurrency needs interoperability. According to Hoskinson, cryptocurrency is in need of a “WiFi or Bluetooth moment.”
The potential for adoption increases exponentially with interoperability, thereby permitting crypto users to be able to integrate with several other platforms and coin projects.
Hoskinzon stated, “What we are looking at is a collection of standards which are created, which will inevitably converge in the next three to five years thus creating a situation where one will be able to move information and value between all different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account.”
However, the WiFi Bluetooth moment is not there in the blockchain industry as of yet. There has been a lot of suffering in terms of price in the cryptocurrency industry. The bear market is ultimately fading, and the price of the Bitcoin is exceeding the $4000 mark for the first time ever since November.
Every trader is scared of losing their money and they want to be sure that they are putting their money into the right digital asset. They come intending to trade at a fast pace. From a strategic point of view, it is not a nice thing to invest the money for chasing a breakout. And, most of the cryptocurrency investors do not chase the breakout either.
Anything which rises sharply will as well fall sharply and this is true about the cryptocurrency trading process.
While in the process of the cryptocurrency trading several investors have trouble subduing their emotions in the process. Greed takes over and they land up making a huge profit in just a short period of time.
Chasing the Breakouts leads to investors buying the asset at the peak, and after a peak, there is a fall, and the investors sense the pinch of it. Therefore, the main point is to focus on the bottom.
With minimal risk and setting daily profits, one will be able to build profits slowly. It is about learning the technical analysis, studying the chart patterns, choosing one and even making use of it.
With online trading of cryptocurrency growing by the year, every kind of cryptocurrency is functioning within its own space. Successful traders are those who are knowledgeable about the process.
While the future of the cryptocurrency is yet in the air, it is now seen that all of these cryptocurrency tokens are evolving into something more than a bubble.