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RE: Can’t Eat the Cake Twice: Don’t be a Steemit Tourist
The prices will turn but I think investors are going to have to be very picky on what alt coins have a proper value and have a genuine use. There are too many that are just speculation and will disappear.
Empress, I was actually working on an article that is bullish about SteemIt.
The crypto market at large has a problem. While each crypto-currency might have a cap on its production of coins, there really is no upper limit on the number of ICOs that can exist.
We are basically to the point that anyone can download software, put up a server and claim that they have a new currency.
We are going to have to see a large number of failures in this space. My big worry is that regulators will heed the cries of people who lost money in the crypto market and use that as an excuse to regulate the market.