Alts Insanity and Irrational Fears
Cryptocurrency market cap will soon reach one trillion dollars. Just to put things in perspective only one year ago the whole Crypto market cap was around 19 billion dollars. Nobody can deny anymore the impact the Blockchain technology is having on the planet these days. Everything is booming and Humanity is going full digital, soon the paper money could become obsolete.
However, there are still some irrational fears like what if an electrical, or internet grid goes down for a large period of time. Electrical grid is is very robust, internet can't be shut down. Let us just say that the probability of everything going down is very very slim at best, I can only imagine the worst case scenario if some lunatic starts a nuclear war, well then we're all fucked, but we just can't think like that.
So if we forget about all the possible negatives that will probably never happen, we are riding on a train to ultimate freedom right now. Buckle up boys and girls, it is alt hunting season, but also be wary of a possible correction!
Steem is holding above 7$, good sign of stability, but the volume is going down, let us observe will it hold. Everything seems to be in a bubble territory these days, but like I said earlier the blockchain technology is changing the world, these are no ordinary flowers.
National currencies* I totally agree!
yeah right man
I also like how so called "experts" like to compare the tulip mania bubble in 16th century with the cutting edge Blockchain technology, looks like a bubble but it is a completely different beast. National currencies are all hanging on the debt model, the crash will be epic, crypto is our way out.
The entire point of the Steem block-chain is that you get a fair payout for your efforts.
Since their aren't that many shops (yet) who accept Steem as a payment. People will have to convert their Steem to $$$. Because that's currently the only way to 'cashout' the reward.
Therefore, unless their is a bigger adaptation of Steem in the 'normal' economy. Steem will always be in a downwards trend.
With it's current jumps in price mainly because Steem is so undervalued compared to other cryptos.
Undervalued indeed. 2018 is looking promising for any Steem user.
It's a new world indeed. What a huge growth rate, from $19 billion, to almost a $1 trillion. I can understand why people would believe that is a bubble. But to me it isn't (not to say a correction may not occur), it is in fact the start of a new and very different world. This is just the beginning.
Everyone will start working online and dealing in digital currencies
lolzz...these are very funny speculations, though they are not impossible occurrences, but i think its best we all live by the day and leave tomorroe to worry for itself.
crypto will be our freedom to fiat-controlled money...but I expect heavy regulations by governments. They did not plan this in the Bilderberg meetings lol
"Cryptocurrency market cap will soon reach one trillion dollars."
Wow, that's huge!!! To put that into perspective: the crypto world is larger than AAPL :)
seems the price is so much up.
Yes, I agree with you because of technology everybody is going digital.working online,the blockchain technology is changing the world.
the numbers are mind boggling even for the season economist and all is powered by blockchain, i believe their is more to come and for old money guy who bash cryptos and favor FIAT, well you guys are in for a rude awakening