The impulse that speculation gives
All the news and information media that announce everything that happens with cryptocurrencies and DEFI technologies inform what they see and what they speculate about this market that has given so much to talk about and it will continue to be announced that cryptocurrencies will be in trouble, but at the same time there will be the enthusiasts who encourage us to continue undertaking in this industry.
What is certain is that when a technological creation comes to the fore and persists over time, it gives us the signal that it will be part of our future and that is what has happened with the Internet age. It is the same that happens with decentralized technologies that today are part of our activities as entrepreneurs and will continue to persist as long as we accept them because they are really working in many areas of the market.
One of the things that generate speculation is the way in which cryptocurrencies are operated because while some treasure them, others get rid of them believing that they will not have a good future and others only intend to profit from them by exchanging them for other values. Countries like El Salvador that adopt bitcoin may not have done it in the best way by imposing a currency like this without the consent or democratic approval of the people and in the end they would not have to do it that way, but that would be the right thing to do. .
And every action executed with cryptocurrency operations will always generate what we call the fluctuations of crypto values. They will rise, fall, also collapse and generate losses in those who risk unrestrained trading with them. It is as simple as when a person invests to trade with cryptocurrencies or fiat money and when they lose their money, the only thing they think is that what they are doing does not work because perhaps the trading operation is a scam or for whatever reason they are happens and in the end you blame the market.
And so speculation could lead us to make wild decisions that get us nowhere and only frustrate us to never try to operate with cryptocurrencies again. I say this from my own experience when looking to trade bitcoin on some platforms and simply lose what I had. Fortunately, I decided to learn to wait for the right moments to trade and make a profit.
My world in cryptocurrencies is very short and young, since I don't know much about them, but I understand that they are a novelty in the financial market and that over time they will be very popular among communities. And I think that after a few days the behavior of these will mature and settle in such a way that they can be seen as a safeguard of value and other types of operations can also be carried out with more security for profit.
Cryptocurrencies like bitcoin still have a long way to go and solve their scalability problems to be able to adopt it massively and not enter into greater risks. Some claim that it is good to pay high commissions for bitcoin transactions and the truth is that I do not find any sense to this. It is good that bitcoin is seen as the main and most important currency for now, but you also have to see that in the world there are many people who can benefit from cryptocurrency only if it had easy access through cheaper commissions and greater speed in transactions.
Another drawback is that of those companies that intervene to produce more layers to the bitcoin technology in order to make it more accessible to everyone, but the reality of this is that no matter how many solutions are sought to improve the cryptocurrency, they are sought as something that although it is compatible with the bitcoin blockchain, they are not really part of said chain and in such a way the privacy and anonymity of users is lost.
Remember that cryptocurrencies are also made to provide us with privacy when operating with them and the only thing that this company like Blockstream does is alter in some way the behavior and technology of bitcoin. In conclusion the centralization of it. Even so, the maturation of cryptographic and decentralized technologies will continue and no matter how much speculation and setbacks they may have, that is what will really make them prosper and continue on their way.
Every day more users join DEFI
Without a doubt, it is surprising to see how there are now many merchants who have adopted cryptocurrencies and there is more confidence in them every day. It is possible to understand how fluctuation in these digital assets works and it is obvious that this market still lacks maturity, but even so they behave as they should.
It is a matter of time when we are going to have such a common activity to trade with cryptocurrencies and more retailers will continue to join the cause because when people realize that an asset retakes the appropriate monetary properties, they will use it without any trouble.
We all know that every day the banking system is more complicated for many people, since there is no access for everyone and the world looks for an opportunity to participate in banking in one way or another. It is also necessary, since commercial exchange is something that comes with the human being since time immemorial, giving the human being the way to barter with his fellow men and where the only difference that there is today is that we can have a greater reach in the world to develop these commercial activities through the network.
Logically, it will be necessary to understand how these decentralization technologies work to have a stronger degree of confidence in these events and that is very easy, since we are in the information age and through the Internet we can learn a lot.
All this and more is what is coming with the evolution of the blockchain in the construction of fungible and non-fungible tokens and if this is what is now moving on the internet networks, we could imagine that it will be in the future. Smart contracts are the ones that efficiently mount our products on platforms and this is a great innovation that will not be ignored tomorrow.
Using cryptocurrencies will be the most normal thing in a short time
Human beings act according to the massive behavior of the masses and when a novelty arises that is well recommended and publicized because others adopt it with a good degree of confidence and there is no doubt that there are many projects that today are well received by people. The opposite of this is manifested when an innovation is not publicized in the way that we have all perceived as the media (television, radio, posters and others) and in that case people doubt the product, since trust is gives traditional advertising.
Here we understand by this that today other means of advertising are being used such as the Internet and word of mouth that lately are being used too much and they have worked although not enough for now. In any case the world and the blockchain industry is taking shape to give people a way to trade and make profits that cannot be achieved in the traditional way.
Rest assured that enough time has passed that cryptocurrencies and their technologies were tried and now there is little that can be done with this. The trade of digital assets is booming and there is nothing to stop them, even if we organize state and bank organizations want to prevent it. What will happen is easier that they will adopt the mother codes of these technologies and adapt them to their interests so that they can regulate and monitor the people who make transactions.