2018-01-24

Hello, Steemians and investors today we are going to analyze Bitcoin Dip

The mainstream media debate over Bitcoin as a success or failure, the banks are banning it but gaining over 2bln yen fees over the crypto account, and G20 have not decided yet how to deal with it.

Most of the cryptoers think we are in the Early adopters' phase, and in each early phase of an improvement, there is a denial, instead of being a challenge it's becoming a threat. It will take some time for our community to understand the advantages of the new technology and then to adopt it, maybe they don't have to adopt it but use it. Today nobody knows the Internet protocols however they still have a daily use of Internet.

We are now in the acceptance graph in phase 4 (Anger), the time to reach acceptance depends on two majors group, you can see the attitude of JP morgan manager

The developers - creating a product showing there is an added value compared to the old one

Us - to expand the knowledge, and to help sell the product.

 

Remember more Wall Street firms are joining in, making the cryptocurrencies more real, and this is also the reason for the dip btw. 

 

 

Don't worry it will go up again, but the market will be more volatile...