2018 was particularly difficult for the cryptocurrency markets. According to data from Coinmarketcap, the pre-eminent cryptocurrency has reached a low for two months around $ 8,800

The market was trampled during the first month of the new year. Much of this has been due to uncertainty about regulatory moves by governments around the world, in reaction to what was a groundbreaking year for the entire cryptocurrency market.

a tightening of the regulatory belt in massive economies such as China and India, and severe comments from financial leaders and world leaders at the World Economic Forum in Davos resulted in a liquidation cryptocurrency markets.

The overall market capitalization dropped to $ 415 billion, with Bitcoin's dominant position being about 35%. Its price drop has been mimicked by almost every altcoin in the top 50, all in all, summing up the current mood in the space.

However, it is not all bad condition, the gurus of the cryptocurrency who from the beginning we have seized the moment to highlight the vital characteristics that led to the adoption cryptocurrencies around the world.

Leaving aside fear, uncertainty and doubt, community members believe in the qualities that underlie the revolutionary aspects of Bitcoin and other cryptocurrencies will inevitably be their saving grace of market manipulation and government repression.

Taking Shrem

The founder of the Bitcoin Foundation Charlie Shrem posted some insightful comments on Twitter this week, while Bitcoin continued to slide to the recent lows.

In a series of Tweets in eight parts, Shrem unpacked the prevailing sentiment towards crypto-currencies by "

Initially, he stated that" Bitcoin and other decentralized crypto-currencies and Privacy is the biggest innovation of my life. They literally take power and control of money out of the hands of the government and into the hands of the people who use it.

He hit the recent ICOs that created "a dilution of our beautiful technology". "Blockchains authorized" and "digital accounting technology" glorified "google spreadsheets." He also said that everything that claims to be Blockchain technology, but is controlled by a single entity is not Blockchain.

After that, he explained why "liberating" technology will be targeted and undermined by established institutions.

"Of course, governments will do the same, what did you think?" They would turn around as we built our alternative financial system and people started to use it? governments do not like competition. "

The World Economic Forum in Davos also gave a glimpse into the future, as more governments are likely to follow the footsteps of Russia and Venezuela, who issued

Shrem also warned against this measure, saying that we will "see a systemic push for Blockchains regulated and controlled by the companies" DLT ", the banking consortia and the governments. not CRYPTOCURRENCES Do not be fooled! "

Check out his complete post: