Cryptocurrency Bloodbath and 5G Network

Whew! Things are starting to bounce back in the world of cryptocurrency after Red Wedding Monday. It IS still Monday so this quick positive correction speaks to the resilience of the cryptocoin ecosystem. Hopefully it continues this way (unless you were hoping to buy extra low :P). In these months of volatility it is probably a good thing to hold, you may be saving yourself unnecessary stress. Think long term, think the internet of things. Machines gifted with AI are going to populate an automated economy, making micro-transaction without human supervision from your phone to your fridge to the street lights and who knows, maybe to your personal robotic assistant/companion. At that time, it will be much more difficult to make winning investments with cryptocurrency because the market is going to plateau and directly correlate with the ebbs and flows of the World Economy. Once this new money is backed with a vanishing supply of real world ressources, making a profit will be just as hard as making one on the stock market, albeit with lower transaction fees. In this digital predicament however, you should hope that hackers and devastating worms like Stuxnet don't get the best of this system. If we are lucky in that regard and there is no solar EMP to take the grid down, we should be gold.

I chose this picture to represent the horror I felt when I went on Bittrex this morning

Don't be nervous, this is where the world is going so keep an eye on short term gain but ultimately invest on the side of history. Take the city of Songdo in South Korea Coined a "Ubiquitous City" as an example. This living laboratory of high tech application is put in large part at the service of the environment for a better future. Even before the advent of 5G network, here is a place where the internet of things is well underway. Are cryptocurrency still at a mostly speculative stage? Absolutely but there is proof out there that people are embracing increased levels of efficiency and in this scenario, Etherium and others will ensure that there is still a semblance of privacy. If we know where we are going, no one will be able to stop us!