Published: Mar 19, 2018 4:18 p.m. ET To pioneers in the crypto field it’s all about a vision, not the price At least according to early adopters, the bitcoin selloff isn’t as worrisome as you may think. The recent plunge in the price of bitcoin
has social media and online forums debating whether a bottom is in sight.
The price of a single bitcoin is worth less than half it was in December and has lost 40% year-to-date. However, while the online conversations heat-up, to those bitcoin and blockchain trailblazers, the price of the No.
1 digital currency is a secondary thought. Read: Don’t fight the FUD: HODL onto this list of bitcoin terms you need in your vocabulary Speaking at lavish retreats and conferences, industry pioneers are not talking about the day’s price rise and fall in the price of bitcoin.
They are there to discuss a vision; one where blockchain and cryptocurrencies replace standard payment systems and record-keeping methods. And with any asset, if the vision is there, the price really doesn’t matter.
“The real question is what the long-term story is. If they believe in the technology, the price is arbitrary,” said Thomas Flake, founder and chief marketing officer at bcause. Read more from marketwatch.com…
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