It is good to see individuals such as Kim Dotcom keep the bigger picture in mind in tumultuous times. The current Bitcoin price trend is a good reason to see the cryptocurrency markets as bearish. Some projects may even want to reconsider their affiliation with Bitcoin when prices are dropping like flies. However, it is simply one of the growing pains cryptocurrencies such as Bitcoin will have to deal with along the way.
K.im and Bitcache will introduce crypto to hundreds of millions of new users. Don't worry about #Bitcoin price. Everybody will use crypto ????
Dotcom confirms BitCache will introduce cryptocurrency to hundreds of millions of users in due time. Contrary to what cryptocurrency enthusiasts may think, Bitcoin and altcoins are still very niche markets right now. It does not take trillions of dollars to move markets by any means. Just one piece of news from a country representing 12% of all Bitcoin trading volume has been enough to send prices plummeting in short order.
Assuming Kim Dotcom can successfully launch BitCache and evade further governmental scrutiny, he may be one of the individuals to put Bitcoin on the global map. There is a dire need for more companies and service providers that are willing to experiment with cryptocurrency payments. The year 2017 has been pretty rough in that regard. Some retailers have reneged on their Bitcoin positions during the first half of 2017. With the current price drop looking worse by the hour, it is not unlikely some other retailers would do the exact same unless things pick up again.
Full story at http://bit.ly/2wz0qBQ
Source: The Merkle
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