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RE: Bitcoin now accounts for less than half the market cap of all Cryptocurrencies
I would agree with most of this except for your timing prediction... This could last a heck of a lot longer than a couple months. The dot.com bubble you referenced lasted for the better part of 5 years. This looks more like the beginnings of something than the top of it, but that is just my gut feeling. I think we could see prices go a lot higher before we see a huge crash.
On Steam this will also have negatively affect too?
Perhaps. However, steem has an entire social networking site behind it that is just getting starting. Hopefully steem has many use cases besides just as a currency. If that is the case it should have many factors helping support it when times get lean.
I am not sure about steem. If, for example steem.com has exponential users growth and therefore exponential steem adoption, then it might not crush and its growth rate is justifiable. But if, users growth is just linear but steem price is exponential, then we are going to see a correction. Steem.com owners have much better picture than we do.
Good point. But crypro market is different from stock market as well. Main difference is amount of capital invested in those markets. Crypto market is tiny compared with stocks market. If you look back at Bitcoin bubble in the end of 2013 (Bitcoin was around $1K at that time), then you will see that it crushed just within 1 year to around $200 for Bitcoin (80% drop). I would expect similar timing for many alt coins bubble burst.
Yes the markets are different sizes and things move a lot faster now than they did in the late 90's. However I still stick with my premise that this is more of a shift than just a flash in the pan bubble. Time will tell I guess.