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
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