Enjoy the video: my comments below
My Comments:
The amount of people entering the space is incredible. This is very important that exchanges, new projects, wallets, etc are attracting new people. Also some projects are very attractive to newbies in terms of interface, usability or overall users experience. Which is a great thing, when anyone not familiar too much with programming, or neither being a geeky background, can actually use cryptos. Try them, and understand them.
I personally was very surprised by the amount of exchanges around. So many of them..... this ofc brings new money, new people, and make the exchanges to compete with each other. And the overall winner will be the user. When we look at the variety of exchanges now (Binance, Huobi, Bittrex, Poloniex, KuCoin, etc etc many more smaller ones...), they are very attractive to new customers. The new user can choose on criteria's such as trading fees, speed of executions, liquidity of coins, volumes, or other important factors when investing or trading cryptos.
One of the biggest down sides, very highly marked by media, and just people around, is that cryptos are very volatile at the moment. Coins can swing 10%/20%/30% on a daily basis... even Bitcoin swings by a crazy percentages. For some investors or traders this can be scary, and "a bit too much stress". So following from the point I made earlier, that many people entering the space: this brings more money, more exposure. So following this, the overall market is growing fast, and making it more stable.
I entered the space myself in early January 2017, some Yutubers or crypto influencers joined even later than me, lol. Technically when they are called "crypto specialists..." so who am I then?! :P Anyways, I have been spending weeks, and weeks researching coins, projects, ICOs, forums, reddit topics etc. And I can say: now there is way more information accessible and variety than it was a year ago. Once again this is a very positive sign for those who just entering the crypto space.
The whole fact that many blockchain, crypto conferences are being organised all over the world, shows that the interest into those topics is huge. Almost every conference is being filled fast. For example in Consensus 2018, firstly the planned attendee number was around 5000. As I know the actual number reached around 8-9k! Considering the tickets cost 2 000 USD, and this is arguably the most important conference in Bitcoin / Blockchain / Crypto / ICO space. The projects are really hitting the ground. There are tons of programmers working on various solutions, every day. More and more talent is being attracted to Cryptos / Blockchain.
Referring to the video, I agree that next big thing will be the implementation blockchain into our lifes. When mass adoption will make a massive breakthrough, this will be a 10x / 100x bullish move, on anything there is excising at the moment in the space. Imagine if Amazon, eBay, or Starbucks accepting any crypto, or few cryptos. This would be enough to spark a massive hysteria into the cryptospace once again.
Another very important point, people have to look into the past. Sounds simple, but harder to do I suppose. When the price of BTC, or other altcoin is droping from a cliff edge.... people panic, selling etc. But if looking back years and years, right 9 years since BTC is alive. That type of sharp fluctuations happened earlier, and BTC always ended up going higher that before. Always hitting all time highs, sooner or later.
This bear market we have now, not necessary is a very bad time. As some bad projects will be "weeded out". Those ICOs which promised to make things, they have to deliver now. It is time to rise and shine, specially in that negative overall market mood. The hype is kind of fading, so time to make implementations into real life, full fill those steps drawed in roadmaps, and whitepapers. On the other hand, if the project is struggling now, and there is now way for expansion or even surviving, this just shows, that this project was not a great idea in the first place. Many people using this hype, with blockchain, and trying "to put anything on a blockchain", for good or wrong reasons. Only smart, experienced investor is able to recognise valuable projects from just those who are pushing their agenda and wanting to making a quick buck.
Another very important point (refering to the video): this year 2018 is crucial for crypto space looking from the legislation and regulatory points. Some countries are taking firm stance and announcing loud that they are very supportive for blockchain expansions etc. But other ones banning any activity related with it. The third type, they waiting and still researching for more information. So this waiting game is not helping to blockchain developers, as they want more certainty, and reasurance that in the future particular country's gov won't change laws, and regulations when it comes to running a blochckain or crypto related projects (companies).
