Cryptocurrency market is back
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A long winter for cryptocurrencies market has finally end, but we don't know if it is truly end. Since December 2017, the price of crytocurrencies keep dropping until the end of April 2018.
Those who are invest in cryptocurrency doesn't understand the philosophy behind the invention of electronic cash without 3rd party, without centralized control. What they know is "Buy cheap, Sell expensive" or "Sell when panic", those who are buying cryptocurrency is for selling and get rich. They hold it for a long time without spending it, and they spend it only when they want to sell it, which turn cryptocurrency into asset class, but not currency class.
The price of cryptocurrency getting high, when there are many holder for a long period of time with high demand.
The price of cryptocurrency is dropping, when people start to sell it back to fiat currency.
What is the meaning of currency, it is use to buy something not use to sell it and get fiat currency.
So if you want the cryptocurrency to be the future currency, just uses it to buy something, not sell it for money back.
By. @Cryptopreneur
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