Blockchain / Cryptocurrency is far from dead

[tinakoya]

I have been hearing rumor that crypto is on it's way to death because couple of investors lost their money chasing DeFi bubbles. Many of these folks FOMO into a coin when they see 1000% increased in price which lead to losing once retracement starts or shall I say dump right to the very bottom.

Amidst all the loss, many investors have had a good year actually as they were lucky enough to have invested right at the bottom due to early research or just hunch.

Blockchain is here to stay and it's far from dead. Companies like UNISWAP, PAYPAL, etc has increased cryptocurrencies' mass adoption by attracting more investors into the space. Governments are also actively working on CBDC.

Though many poor and scam project will fade away and we will be left with genuine projects which will be part of our lives for a very long time. What's your take on this? Your opinion will be much appreciates.

[flyaccount]

Of course, especially now that this crypto is starting to get a lot of attention from the government because of the stable coins. And I think in the future this crypto will be more advanced and more and more known. So that it will be difficult to die.

[Jaephoenix]

This is the gospel truth. We are yet to see the might and far-reaching effects of cryptocurrency and Blockchain. Even mainstream adoption is rising day by day

[ShadowCrypto]

Only shitcoins are dead for now, all the good projects and cryptos are alive and getting every day more visibility, more uses, more market, it's just the beginning, let's see how far we will be in 10 years.

[MinePlex]

A competent approach when choosing a project for investment will not only save your funds, but also increase them.

[svetlana]

Cryptocurrency was not created to disappear. She has just begun her development. The market is growing, projects are developing. There are no prerequisites for the crypto world to disappear.

[Cryptoz]

Blockchain technology is getting more massively used by more people in the world. People seem very enthusiastic about using Blockchain technology or crypto investment. Indeed, it doesn't make sense if some people stated that Blockchain / Cryptocurrency will be dead soon, in the near future. I don't see a reason for it, we are not on the way to see a dead Blockchain / Cryptocurrency.

[I-Bit]

We can't think that blockchain and also crypto will be dead. As we know that so far, both blockchain and also crypto are the means of media, they are trusted enough for business and others. And now, it is about the technology where we can't deny the development. Additionally, cryptos are profitable and worthy to invest or trade

[TomPluz]

I am sure that blockchain and cryptocurrency are two big trends that can be staying for good into the future. What is happening right now is that because of the immense potential and virtually global reach of the cryptocurrency marketplace, there are many projects and platforms taking advantage of the greed of the people.

Plus, of course, since this is just a young industry, we can expect many failed start-up projects along the way. Sadly, there is nothing concrete we can do on scams, frauds, and failures except to educate people, so they know the risks they are entering, and they can do the vetting process themselves -- and hopefully not be blinded by the possible gains only to realize they are already holding empty bags or should I say worthless tokens and coins.

[H2O]

One should mind that before investing any bubble projects, one should analyse deeply and future development. DeFi projects are temporary hype and it wouldn't be last more.

[Pheonyx]

Such thing is just nothing but considerably a fake news enticing the crypto community to loose their faith in crypto. That is why there is nothing to worry about in fact as we can see bitcoin is moving up right a good sign how cryptocurrency is still healthy specially during this pandemic.

[@chison]

This can not be true. The adoption of crypto is still at ealfy stage. More and more people are coming in to invest in crypto. Recently, Iran govt agree to start importing goods with bitcoin, that's a big boost.

[CriptoLH]

Blockchain technologies are developing new cryptocurrencies are emerging and it is premature to talk about the death of cryptocurrencies. Now the adoption of cryptocurrencies in different countries is just beginning, so the cryptocurrency is only at the beginning of its journey.

[Hope4life]

Cryptocurrency will not die because many parties support its mass use, this is needed by some isolated countries. Hype projects like DeFi don't change anything, because every year there will always be new hype and people will get attracted and repeat the same mistakes just for quick profit.

[hushpupppy]

Well, the blockchain and crypto currency space is such a cruel space, where you can be rich in the morning and experience - 1000% loss in the night.

So when they say crypto currency is dying, it is in reference to a particular projects. Several projects has died, is dying and will die in the crypto space.

And you should understand that when a project dies, it does not have any existing buy volume and in the long run gets de listed.