Last week, we looked at the fluctuations of the stock exchange with its bullish or bearish trends according to the financial climate. We looked at how this behaviour is similar when applied to ICOs. Our conclusion, along with the experts, was that while ICO’s are currently experiencing a difficult climate, it is a temporary phase following a pattern similar of investor behaviour to that of the stock exchanges investments.
This difficult moment has been felt by promising ICOs and has disturbed, what has been ,up until presently, a pure blue pond. It has subsequently caused a large amount of unease. However, as pointed out, this slight moment of disagreeable doubt will almost certainly be brief. One of the clear reasons to be confident lies in the pure genius of those many ICO projects which are currently concentrated on developing blockchain technology to the benefit of diverse industries today. They quite clearly answer a need and have been conceived to optimize and in turn increase profits in their own domain. Indeed the vision of high potential projects such as Productivist will be crucial to continued technological progression. With this in mind, the market temperature fluctuation could be compared to someone drawing a deep breath before continuing a conversation; a moment of reflection and direction. The ICO is simply entering a new phase which has slowed momentum down. Many argue that this shift in pace is partly caused by a change in investment behaviour caused by the public’s silent confirmation that blockchain may well be the future. The concept is going mainstream.
No-one would deny that the buzzwords since December last year have been blockchain and crypto currency. Although for the vast majority of punters, a clear understanding of this technology still remains nebulous, as the year progresses interest is increasing. Indeed these terms have stepped out of the closed, hushed environment of engineers and financial circles and can be now found as a subject introduced to the dinner party table. Like during the period of the beginnings of the internet, the gradual understanding of what advantages it can bring to our lives today is becoming apparent. And why? The answer is fairly simple: the influencers have already been convinced and their confidence is now been shared. This sharing, however, is with a different kind of investor. It is a more cautious one with more to lose. The result of this has been inevitable. It has catalysed a period of questioning by them as to its viability. They have effectively sowed a grain of doubt where it does not need to be sown. Influence, therefore at this stage of development needs to be at its height and will be pivotal to continued growth and success. It is here that the giants of industry are highly important.
It is these movers and shakers who will little by little keep this technology at the forefront making it continue to become more mainstream and therefore increase confidence in ICO projects. However, for those savvy investors, thankfully it is not yet mainstream. The beauty, therefore, for both businesses and individuals’ who are on the verge of investing today, is that those investments made now are bound to grow over time. High potential projects such as Productivist, despite the past few months of bearish behaviour, will be certainly highly valuable in years to come.
Thanks to those big names and the well- known people who are popularising this technology (and so driving it to success), it will become a “must-have” form of investment rather than something to be considered as something marginal and high risk. This sea change in interest can be discerned if you scan the internet for academic programs. More and more you will fall upon educational programs for blockchain and crypto. Proof of this near mainstream interest is that it has been validated as noteworthy by some of the major universities who are developing numerous programs centered around blockchain technology and crypto currency. A true indicator, you may say, of not only the general public‘s increasing interest in it but also an acquiescence that it is not a fad.
The more daring the project, the more blockchain’s profile is raised. An example would be, after many years of concern with regard to cyber security in cars, blockchain has now stepped in to be a solution. Big names such as Google have made headlines claiming that it is the technology that they require to make self driving cars untouchable. So far, Google has been one of the largest blockchain investors and this continues to be so this year. A simple validation of its incredible industry potential. Another high profile influencer to the public eye would be David Marcus - now Facebook’s VP of Messaging products. In 2017 Marcus, joined the Coinbox Board. Another big name, another push of positive vibes.
However it is not only the influencers and big names which will carry enthusiasm for this technology. Influence and confidence also come from successful projects already underway which potential investors can relate to. A good example would be PUREGOLD’s reponse to our inherent hesitation to the virtual word. The general public are always somewhat sceptical. On the whole simply because the majority of us are doubting Thomas’s lead by the belief that we need to see before we believe. The arrival of the ICO PUREGOLD is therefore, undoubtedly positive news. This ICO makes it something both virtual and tangible using tokens supported by gold.
Again influence and confidence can be gained by those projects which fight against crime and fraud, so giving credibility to this technology’s prowess. Increasingly we are experiencing Projects which seek to do good and fight corruption with the use of blockchain. An example of this would be in the pharmaceutical industry whereby blockchain is being used to eliminate counterfeit drugs. Such profiles exude credibility in the fact that their raison d’être is a good cause. They effectively act as advocators of blockchain; raising its profile and its feasibility in the minds of the general public. .
So the general public are gaining confidence in the idea, making it gradually become a hot topic, and those at the helm of companies therefore are too beginning to question how their company can harness the sheer potential of blockchain and improve productivity in their industry. This is one reason why Quartz Media recently claimed that 2018 is a pivotal year in this technology’s history.
There can be no doubt that blockchain and the crypto world are here to stay. It is only the momentum which has flagged. As those influencers continue to avocate its future, the growing interest along with the strength of blockchain technology will continue to augment so making not just a topic for discussion but something which is understood by the majority and acknowledged as a technology designed to improve our daily lives.
To conclude, while it is certainly clear that the blue pond has been disturbed, it has only caused a few ripples. They are dispersing and soon the water will be clear again giving clarity to the positive future it has. It is indeed a breakthrough in the way we do business and it is changing the whole investment landscape. The bear may be briefly licking its paws but the bull is not far behind to kick it on its way.
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