Why The Crypto Revolution Needed a Correction and What’s in Store for Cryptoia in 2019

Crypto struggled mightily in 2018

In many ways this was overdue. Public perception and general sentiment overtook utility for the first time in years, leading to the retrace that was experienced. The correction forced those who were only in it for the money to reassess what they believed and dump their losses, running for the hills with their tales between their legs. For those who see a future for crypto, and are actively contributing to that realisation, this was a welcome relief. Not only did it help separate the wheat from the chaff, but it also ensured those who were planning on sticking around were doing it for the right reasons.

And the right reasons are with a view to individual sovereignty. Freedom is as simple as not being affected by unilateral or arbitrary decisions made by someone or something else. You can argue that you are free — you have $500 and could fly to France tomorrow and start a new life — but you would be wrong. Sure you can afford the flight but what if the government decided to implement a quantitative easing programme like it did in 2008 devaluing your savings by 20%? You could no longer go. This is the story of what happened in Venezuela, Turkey and Zimbabwe. Inflation eroding your ability to subsist.