The calm before the storm?
It all seems to be gone a bit quiet in the crypto world.
Prices have steadied since the January bloodbath. The market seems stable. Steemit is moving along gradually. The price is the same but there are plenty of new members joining every day. It all seems a bit stagnant though.
Maybe this is more of a mature crypto market. Slower, steadier and more responsible. Maybe this is how the future will look. I’m not sure if I like it though. It seems far more like a strategic long term investment in emerging technology rather than the reckless gambling of fake money that we signed up for.
Maybe there is a new upswing on the way. SMT’s to drive a bull run for STEEM. According to legend they will be going into test mode soon and released once everything is running smoothly. Could this kick-start a mad scramble for sites to produce their own tokens and start buying into STEEM?
I hope so. As much as this is probably better for the whole blockchain ecosystem, I kind of miss the excitement where nothing was safe or definite.
Even STEEMIT seems to be growing nicely at the moment. Around 38,000 new accounts this week. Moving into the top 1000 sites on the worldwide alexa ratings. Dtube, Dlive and Dmania are all picking up pace too. New add ons for Steemit are emerging all the time. If you like gaming, check out my last post on Steemgar. A game on the steem blockchain with reards for the winners.
https://steemit.com/blog/@niallon11/the-most-fun-i-ve-had-on-steemit-steemgar
All of these signs point to a strong future for STEEM and other coins. There has been a lot less talk of shutting down coins and regulations coming in so it all looks good.
Still something seems to be missing. I just don’t know what it is.
It is funny that we are all kind of throwing our hands up when things are bad, but then a little disappointed when things are evening out. I think there are still some booms on the horizon. Some speculation of BTC had it pegged at 100k by the end of 2018. If that holds true, it needs to be more than slow climb to get there. Also if that does happen a lot of the other Alts will probably follow suit. I think by mid year we will have a better gauge of where things are going. Then again, it is all speculative so... :)
It's pretty much the Irish mentality at any stage of the year. We are only happy when there is something to complain about. The slow climb is better for the system as a whole allowing more people to join and gradually get involved without the madness.
There should be more to come, when it gains momentum people will jump on again thinking that they will become rich overnight and causing the next wave.
I think the Alts more than BTC this year. I can see some of them like STEEM making ig gains as they get better integrated into the mainstream. Whoever can bring out a working multi alt debit card first will make a fortune.
We have a hard time seeing progress because we are sitting right in the middle of it. I think that we will see a rush of new members when the whole market goes up. There are a lot of people that were thinking of buying crypto in December only to miss out on the run and feel relieved they didn't join in. If a bull market takes place, we will see a huge influx of new investors who truly believe in crypto. Part of me eagerly awaits the market to enter another bull run, and the other part of me is hoping it doesnt happen just yet as I need to buy more Steem :)
I think a lot of people are waiting of all this talk of regulation to take some sort of definite form as well. People aren't willing to put money into a market that might be changing its rules and operations very shortly. Once we know what regulations are coming in then people can make educated decisions about what money to put where.
Personally I think STEEM is where you want to be. It will have a big run before the year is over.
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