Stability in price and change in mentality
In the meantime, we see that the prices of cryptocurrencies are moving in an almost constant line, around a certain level, rising or falling by a small percentage not exceeding 2%. On the other hand, there are currencies that are moving away from the path, such as Cake and others, but for most currencies, they follow Bitcoin, which is currently reaching 35 thousand dollars after reaching 34 thousand dollars a few days ago.
But at the beginning of the month, we are witnessing an unusual momentum in cryptocurrencies in terms of the beginning of acceptance of ETFs and many development and adoption processes for intangible currencies, but they have caused a stir and a major transformation in the global financial system, and to be fair, as for cryptocurrencies, they do not only express a financial system or a means of payment. It is a new technology that has come to our time and is called Blockchain, and if you look closely, you will find that it includes many aspects of life.
- Change in user mentality
The mentality of the user of cryptocurrencies has changed during this period due to the changes that we see every day in the world of blockchain, which has made us more experienced than before, as we do not shake much when we see a decline in currency prices. Rather, we may consider it a somewhat positive thing, so that we can convert the money into currencies. Buying more cryptocurrencies is a good thing for many when the price is low.
When the price rises, this is what we want, but for me, long-term investment is the best until you see good results and gains, not short-term profit. Also, with regard to Blockchain, I see that adopting its idea through health and education, as well as mail and other various areas of life, will facilitate a lot of... matters and reduces the energy used.
Bitcoin, which represents the cornerstone of encrypted currencies, is no longer considered an encrypted currency only for trading, but rather it and other encrypted currencies constitute a new civilizational breakthrough in the twenty-first century after the Internet boom. I believe that we aspire to further development and greater adoption of the use of encrypted currencies in the coming.
