Monday, June 11, 2018 7:15:11 AM
The Hype is done with blockchain. Price action in crypto is reflecting that. All those ICO's , ERC20 tokens and coins have yet to provide much of anything---> a use case. Its time for those project to show something rather than hype.
Consensus event had no impact with crypto and no driver. A big catalyst that couldn't budge the market instead it broke down. The biggest thing out of Concession was CVC with the beer vending machine.
Blockchain firm R3 raised 100m and then some more and reports are they are now broke - with nothing to show for it. We are in the weeding out phase, bear market and let the the scammers / cons / BS projects go broke and exit the space.
The use case for bitcoin currently seems to be you need to buy it when the alt coins bottom out and begin to pump. The entire crypto sector is being traded as a basket and not individually. The devs need to start showing progress and working hard - so a full blown bear market should make them focus. The hype and pump is over.
Tons of OTC stocks are still PR'ing with Blockchain and price action isn't doing anything, so yeah Blockchain is dead for now.
Good luck
Recent GAHC News
- Management Discusses Financial Filing of Global Arena Holding Inc., for 10-Q, Third Quarter 2023 • InvestorsHub NewsWire • 01/25/2024 02:19:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/11/2024 09:12:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/01/2023 08:53:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 06:29:27 PM
- Global Arena Holding Updates Shareholders on Expanding Business Opportunities • InvestorsHub NewsWire • 05/11/2023 06:47:10 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM