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RE: CAN FIDELITY AND BAKKT START A CRYPTO BULL RUN IN 2019

in #bitcoin6 years ago

Trends like bull markets reflect the thinking of participants and the trend it self reinforces the thinking further. Self reinforcing spirals (up and down) due to reflexive relation between thinking agents and price bring us boom and bust cycles.

but the price it self is not a democratic/majority vote. Money and other Influence (like hashpower or political influence) is allways power-law-distributed. A few agents hold most of the ressource. A few agents will kick start the trend. Our thinking will be influenced by the initial event. But our thinking has no influence on whether some even X will happen or not. ...

im not interestet in when it will happen but IF it will happen. And if it will happen which technologys can be used as a store of value safe haven. And there is only one (Bitcoin, due to the power of simplicity and redundance) to think EOS or Steem as dPOS Systems can be used to store trillions like in the FX-Markets is lel. Its not about mass adoption but more about custodians and instruments to hedge (becouse obviously most big funds are hedge funds). For every-day-use and micropayments there are systems like Steem, bitshares, Eos and for nano payments maybe the tangle (its like apples and oranges. FX and the Hedgefund industry does not need crypto (maybe as a fancy asset class for their customers) but only the information theoretical - most secure structure human has ever invented which is Bitcoin

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