The Real Value Of Everything!

9 days ago
69 in joy

Many times since I've known about cryptocurrencies, I've thought to myself, if I had done this trade or these trades, I would have made many thousands of dollars sometimes more than I ever did in an entire year.

To put this into perspective, I try to think to myself, many people go to sleep every day thinking: "I might not have eaten to full satiation today but tomorrow, tomorrow might be different." This is part of the reality we live in. The eight richest men possess more than the half of the world's poorest and the share of the wealthiest is growing. [source]

Whether or not, the powers that ought not to be, created the current situation humanity is in today, mostly intentionally or unintentionally, they won't listen to our solutions, in fact they will try to stop us any of our actions that would challenge their pyramid of power.

So no matter what brought us in the situation we're in today, those of us who want a better world need to design and bring about the much needed fixes.

Cryptocurrencies

Cryptocurrency is a new technology created in January 2009 with the first cryptocurrency named Bitcoin.

If their current growth rate of the past couple of years continue, they will soon represent most of the world currency value. In the current post I will try to make those stats and trends as easy to comprehend and verify as possible.

I will give an in-depth explanation of what is Bitcoin and a little primer on cryptocurrencies in an upcoming post.

Cryptocurrency Markets Are Huge!

The combined value (market cap) of all cryptocurrencies currently sits at around $117B. It's an all-time high. If cryptocurrency were a company it would be the 57th biggest one by market cap. [Forbes]

If cryptocurrencies were compare to the M3 (the total amount of money of a country), it would rank cryptocurrencies as the 54th biggest economy, right between Bangladesh and New Zealand.

Cryptocurrencies' market cap have gone up 908% in the last 365 days, from $11,7B to $117B.

At this rate, cryptocurrencies would surpass Apple's market cap of $752B in under a year and become part of the G20, ranking as the 18th biggest economy. In less than 2 years, cryptocurrencies would rank as the third biggest economy, right under China and the USA and 1 year later. They would then represent $120T.

As of January 1 2017, all fiat currencies, stock and gold markets combined equated to roughly $159T. [souce: Economy - under broad money.]

These are only extrapolations of past trends but they are very interesting nonetheless. If these trends hold, cryptocurrrencies will rapidly become a real challenge to all national currencies.

The equation: $117B10.0810.08*10.08≈$120T

Investing Our Time Wisely

I've known about cryptocurrencies since July 2011. I've began reading about them daily in 2013 and began investing in the same year. (I might have erroneously stated 2012 in the past.)

I've been telling people to have a serious look into cryptocurrency since 2014 and have begun encouraging people to invest in early 2015 when I felt like Bitcoin's biggest bubble had passed.

Cryptocurrencies are a form of currency or money and have a nominal value in dollars. Their value fluctuate in relation with the offer and demand on online markets, called exchanges. These exchanges are websites where anyone can log onto and buy or sell cryptocurrencies.

These exchanges act like the different stock exchanges. A list of close to 500 active cryptocurrencies can be found here at coinmarketcap.com. It also list more than 400 other cryptocurrencies which have low to no activities which mean are possibly not being used anymore.

Clicking on the price of each cryptocurrencies on the list will bring up a page listing the biggest exchanges for each cryptocurrencies. Here's an example of such a list for Bitcoin which currently is the cryptocurrency with the biggest market cap. The market cap of Bitcoin is the total value of all Bitcoin.

The cryptocurrency space overall price performances are simply staggering. No matter what is anyone's take on cryptocurrencies or if they ever heard about them, their price performance since their debut, make it so that anyone in their right mind, must seriously begin to consider allocating time to their investigation.

Comparing Cryptocurrencies To Stock Markets

Bitcoin and Ethereum's performance over the last couple of years leave the best performing stocks of "all-time" in the dust. (Ethereum is the second largest cryptocurrency by market cap.)

In 2016, only 8 companies of the S&P 500 had a better price performance than 2016 Bitcoin performance and only 2 of these 8 companies have a bigger market cap than current Bitcoin market cap. [source]

Ethereum was sold at 0.29$-0.32$ on its ICO lauch date of 22 July to 5 August 2014. It's current price, on July 17, is 184$. This is an increase of 84,275% over 3 year. [source]

Other interesting stats on all-time best performing stocks can be seen here.

Bitcoin Price


The Graph

Cryptocurrencies Market Cap

(In Billions)

Shares Of Top 5 Cryptocurrencies Market Cap

  • Bitcoin (47.26%)
  • Ethereum (21.49%)
  • Ripple (5.88%)
  • Bitcoin Cash (3.89%)
  • NEM (2.10%)
  • Litecoin (2.05%)
  • Ethereum Classic (1.23%)
  • Dash (1.22%)
  • IOTA (1.13%)
  • (Found more here)

Cryptocurrencies In Numbers

Though the current cryptocurrency trends have an upper limit, they will continue their growth and help us to create a better, more enjoyable world.

I will repeat my simple comparison from my previous post which can help people understand why cryptocurrencies are shifting power away from central authorities and how this is greatly benefiting everyone.

I want to add, cryptocurrencies cost less to transact than fiat-currencies. They can also be used as contracts, smart contracts, systems of item tracking and much more.

National Currencies

  • The cost of creating new money is negligible.
  • The future creation rate is unknown and decided by a small group.
  • They can be counter-fitted.
  • Nobody knows exactly how much money there is.
  • Benefit those who benefit from the growing money supply, at the expense of everyone else. (It's that simple.)

Bitcoin

  • The cost of creating Bitcoin is non-negligible.
  • The exact future creation rate is known.
  • They can't be counter-fitted.
  • Everyone can know exactly how much Bitcoin has been created.
  • Benefit everyone fairly.

The Upward Trends Of Cryptocurrencies

This great shift of wealth from national currencies to cryptocurrencies is well on its way and as I said will continue its course. Only a black swan even could reverse the current trends.

Anyone with some money sitting somewhere can benefit from these trends and will benefit from learning about why these trends will most likely continue in the direction they have for the past couple of years.

As I explain how cryptocurrencies are created, the reasons why these upward trends will continue will become clearer.

Let me just say, hardware miners capable of mining cryptocurrencies have become the most profitable commodities as well as the cryptoccurrencies themselves. Cryptocurrencies based on other mining process than POW, like those based on DPOS such as Bitshares, Steem and EOS could very soon change that meaning those process could become more profitable.

Creating Enjoyable Human Experiences!

If anyone of us lack water to drink and food to eat, no bits of computer data, paper money or precious metals could ever make up for it. Let us not forget that what we fundamentally value the most is the food and water that sustain us, and what makes our consciousness able enjoy itself.

If there are people dying of hunger and going insane all around us because of the barbaric ways of our current society, then no amount of food could ever be enough to satiate our universal hunger for justice.

Let's try to avoid greedily acquiring bits of digital information os subjective value. Let's instead favor creating meaningful and enjoyable human experiences.

Share Your Truths And Humbly Admit Your Mistakes!

We share our truths so as to maximize our life's enjoyment. These truths are our personal truths and fluctuate ever closer to a greater truth.

Let us not forget the current faith of those who go hungry, those who have lost their freedom to injustices and anyone going through some hardships whatever those are.

Let's all look to improve our ways of life and spreading this idea far and wide.

Steemit's Popularity Is Still Skyrocketing!

Steem is a cryptocurrency. It allows for new feature Bitcoin and other cryptocurrencies don't have. Click here to learn more.

Steemit.com is still quite small but its potential is infinite and its popularity is still rocketing!

Share the fun by inviting your friends!

Approving My Witness!

I'm a couple of thousands minnow votes away from reaching the top 50 witnesses or 1-2 whales votes.

Would you consider voting for my witness here as to help us Steeming the world we all long for? (Your 30 most important Steem votes.)

Thank you for reading and for commenting! I read all comments!

Good To Know

I use Markdown Pad (free version) to create my posts and I recommend it to everyone.

How to align pictures.

Get On The Chats!

Not the private messages but in the chat rooms. These are some of the best places to makes some Steem friends.

Find Out More!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending
56
  ·  9 days ago

Nice post.... also have a witness vote from me 😄

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69
  ·  9 days ago

Wow! Thank you so much @xaero1! I'm honored to have your support! This means a lot to me! I'm also glad you enjoyed my post and took the time to comment. This also means a lot!

If I can do anything to help you just let me know. I just left you a pm on the official chat.

And I'll continue to do my very best!

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56
  ·  9 days ago

Thanks! And good luck with the campaign😀

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41
  ·  7 days ago

Really Nice post thanks !! ....My post ...[Surrender-To-The-Existence]

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25
  ·  8 days ago

Tnx for upvote zero

71
  ·  9 days ago

The combined value (market cap) of all cryptocurrencies currently sits at around $117B. It's an all-time high. If cryptocurrency were a company it would be the 57th biggest one by market cap. [Forbes]


And we have only scratched the surface of this too, that is really mind blowing the amount of LIBERTY that is right on our doorstep, if we consider our moves carefully individually and collectively to take back the power the corrupt have thieved from us --- and that our statism and laziness has given to them.

Another amazing post FILLED and packed with gold nuggets.

GOLD I SAY!!!


Thank you for another stellar piece of life changing material @teamsteem.

Sleep well brother!!

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35
  ·  9 days ago

The powers would be will start a war before the submit they're power and control of us all like petulant children at a food fight at a local crèche for retards. They did not make these weapons of diplomacy for farmers in Vietnam and goat herders in Iraq, they made them for this type of revolution. Food and Water has and always will be the one true currency when all the talking is done.
Nice article too, props to the author.
Many blessings to you all, from the best minnow writer you've never heard of x

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69
  ·  9 days ago

I'm really honored to be here with you my friend! I realize that we share so many of those sometimes heavy and hard to carry convictions! And this is a very good feeling!

As you said so well, there's a whole lot of liberty on our doorstep and this too feel really good.

I agree with you that is up to us to take it back!

I'm really recognizant of all the special attentions you give everyone. You're a very thoughtful and very fun person!

I'm inviting everyone to go take a look at Barry's latest post: Today's my 1 Year birthday on Steemit as it is a real treat one of the best post I've ever read.

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71
  ·  9 days ago

Such...

JOY ...


  • you bring us here!!

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25
  ·  9 days ago

Im honored to be here as well. From philippines here!

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35
  ·  9 days ago

from philippines here too ;)

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25
  ·  8 days ago

I'm also from the PH🖐😁

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71
  ·  9 days ago

Thanks for the support my brother...... have a good week my man!

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25
  ·  8 days ago

Very well said, Love tha.

37
  ·  9 days ago

Thanks @teamsteam, good article. I just start reading your articles, saw couple other good ones already. I have couple questions;
I could not understand how you came up with $120T?
Do you think, ICOs are creating bubble in coin valuations?
Looking forward to see your upcoming posts. Thanks again

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69
  ·  9 days ago

The market cap increase 908% in the last 365 days.

The current market cap is 117 billions.

117 * 9.08+117= 1179 after a year.
or
11710.08=1179 after a year
and
117
10.0810.0810.08=120 Trillions after 3 years.

I've said away from most ICO besides EOS. They might be creating little bubbles but compare to Bitcoin and other cryptocurrencies, with the exception of EOS, these ICO are still relatively small and these bubbles if they one shouldn't affect the market too much.

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37
  ·  9 days ago

Good thinking, I like the way you are simplifying the numbers.
I think, I made it unnecessarily complicated in my mind. In my calculations, I was looking for the total available bitcoin (with consideration of the new segwit and supply issues) x future bitcoin price (with factoring the future increase demand).
Thanks again :)

51
  ·  9 days ago

Great thanks;)

47
  ·  9 days ago

UPVOTED.
Sorry for saying offer here, but if you like you can receive 2 SBD immediately by RESTEEMing below link.

https://steemit.com/girls/@beautypics/girlish-201788t11718389z

55
  ·  9 days ago

Great post! I agree wholeheartedly that block chain levels the monetary playing field and can help bring the manipulated monetary policy out from the shadows and into the light. As more people begin to understand the basic principles of crypto and the utility they provide, their acceptance will spread the world over. You've earned a follow and my witness vote.

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69
  ·  9 days ago

We do share the a lot of the same conviction on the current monetary system. Thank you for support my witness. I really appreciate. I follow you and look forward to learn more from you!

53
  ·  9 days ago

Great post - thanks

52
  ·  9 days ago

Great post

42
  ·  9 days ago

Thanks for helping us understand and learn a little more. I hope I can continue learning from you.

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69
  ·  9 days ago

I'm grateful for it! I'm hoping to be able to continue being grateful for every joy I feel, things I learn and teach!

36
  ·  9 days ago

makes me cry

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41
  ·  9 days ago
62
  ·  9 days ago

"Steem potential is infinite" That's what I like to hear @teamsteem!

Also just voted you as a witness, let's go! :)

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71
  ·  9 days ago

Good choice for witness votes @stackin !!!!

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69
  ·  9 days ago

Thank you @stackin! I really much appreciate your support!

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62
  ·  9 days ago

You deserve it boss 😎

58
  ·  9 days ago

You have definitely earned a Witness vote from me . And I totally agree with you, cryptocurrency is expanding bigger and bigger every year , you're lucky to know about it from years ago and now you can educate others on it as well. I know that crypto currency will take over , it's already happening with the rise this month . @teamsteem

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69
  ·  9 days ago

Thank you @journeyoflife! I very much appreciate your support.

It's true that I was "lucky" to learn about them early. I've put lucky between quotation marks because it was equal part luck and part wilful determination.

The sudden rise of the past few days was a bit of a surprise for me. A nice surprise indeed!

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58
  ·  9 days ago

A nice surprise towards the future . All the best :)

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71
  ·  9 days ago

A big amen to that.

LOL

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43
  ·  9 days ago

great post teamsteem! crypto will take over because the general public knows​ it's fairer than the current system!

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69
  ·  9 days ago

It is very true and markets are discovering this truth too.

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71
  ·  9 days ago

I am glad to hear it. He earned my witness vote so long ago, like @timcliff -- I cannot remember LOL.

I love active people on here who are detail oriented.

@teamsteem is a very smart choice @journeyoflife

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58
  ·  9 days ago

I agree , great content creators deserve to be at their highest point .

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69
  ·  9 days ago

Thank you very much to both of you!

38
  ·  9 days ago

Wow! What a great wealth of information! Thank You! I would love to hear more on the ins and outs of cryptocurrencies. Might be a good mini-series of posts?

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69
  ·  9 days ago

Ha ha! I'm very glad to have you ask this. It is a mini-series. There's at least another one coming in this series and probably more.

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71
  ·  9 days ago

I've always thought this about your posts, they are packed with good stuff LOL

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38
  ·  8 days ago

That's great to hear! I'll be looking forward to it!

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71
  ·  9 days ago

Some of his posts have so much good stuff in them, I have long thought the same thing @sarahsayjay

71
  ·  9 days ago

Shared on Twitter for you man. I will have 2k followers there soon!


--

https://twitter.com/BarryDutton/status/894967705618534402

58
  ·  9 days ago

and still so many people do not understand what the word means, and are 'scared' to learn because they are heavily sedated by the mainstream media.
My next step is investing in some silver and hopefully later gold. What are others opinions on this? Anybody hear investing in the same way?
I am excited about the future of crypto.. I am still new with the learning kind of wish I had some kind of cryptocurrency mentor to point me in the right direction =D lol...

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69
  ·  9 days ago

As a mentor I would say, begin to invest, buying cryptocurrencies in particular Bitcoin. In my next post I plan on explaining more of my reasoning.

Edit: I really love your comment by the way.

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58
  ·  9 days ago

Thanking you. Anyone I speak to (in the real world) about this seems to be sleeping!:)... so your advice is important to me! Therefore I look forward to your next post!I will keep an eye on your blog for it to appear there...

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69
  ·  9 days ago

Also I would reconsider investing in precious metals. Warren Buffet once said, he'd much prefer having all the agricultural land of the USA than having all the gold in the world. He said he always prefer to have something working form him than old on to currencies like the US Dollars or something like precious metal.

Sure precious metals are infinitely better than the US Dollars but in today's economy I'd seriously take a look and cryptocurrencies and if you want to diversify further taking a look at investing in gardening, food forests, solar panels, something that will work for you.

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58
  ·  9 days ago

That's funny because I was at an event recently where I overheard some people discussing foraging ( not in terms of economy), but as a means preventing us from not losing touch with the land.- I definitely do not have green fingers =) -, but again I can see their are huge benefits financially such as herbs yields of cut flowers and vegetables, all of which can be very valuable in the long term.
Time to think ahead , while we are at the beginning eh?
Thank You for your time, I know you must be busy!

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71
  ·  9 days ago

You are making good comments on posts today I noticed sister.

Bitcoin is now 3x the value of gold (see part of my early-day post about 12 hours ago) -- and gold is hard to store and carry LOL.

I joke but there is some truth to this.

Diversify and sounds like you are sharp and determined to learn, you will be fine I am sure.

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58
  ·  9 days ago

I am very curious , and determined. I want to learn more just incase I will be kicking myself down the line. Also, important if the Euro were to turn completely worthless ( not far off already lol) over night. - who will think that I already planned for it :)
Thank you for taking time out of your busy steemit comments to reply!!.. it encouraged me to learn, & I will take it as a sign that I should start investing!!!
Ill hold off on the gold for now after reading ur last post... x3 !!!!.. id be a fool not to jump on the bandwagon!

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71
  ·  9 days ago

It is important to remember..... we are all here early. It's a fact.

Sure, we were all not here in crypto maybe 2, 3 or 5 yrs ago....... but if you consider the bell curve and where we are at on it, we are here early / as early adopters.

The crypto market cap has been on a bull run since the NIGHT of the Bitcoin Forkening, which a lot of people are forgetting that was THE key trigger to moving the markets. It just was, the charts show it.

We just crossed the $120B market cap last nite, I am going to say maybe ~15 hours ago.

Compare that with the global money markets reach and the world population, and you can see what I am saying today is true in all my comments in this post.

We are here early, this is just the beginning.

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58
  ·  9 days ago

I have to say again what I said in previous comment to 'teamsteem', It is sounding more and more sensible to me that I should think ahead, while we are at the beginning! =) ,Going from a lot of current events, I am worried about the strength of my euro for the future, and I have been looking here and there for smarter ways to protect myself from inflation. I hope crypto will also gain value because of the demand for it increasing =) There is no crystal ball, but as you stated you have been pretty much confident about it from the start- so I am pretty much going to take your advice. ..& blame you if it doesn't work out ( Just kidding!!!>.lol;) )

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38
  ·  9 days ago

You can actually invest in gold and a cryptocurrency at the same time with something like OGC (OneGram Coin)... a Shariah-compliant crypto backed by gold: https://onegram.org. Of course this is not the only choice and I implore you to read the white-paper and do other research before starting a new investment. Best of luck!

54
  ·  8 days ago

Awesome post! I'll vote for you to become a witness.

29
  ·  8 days ago

Thanks for the post. I would like to share a nice infographic about all the money in the world.

The numbers are a little bit different than yours I think, but nevertheless nice to see what the possibilities are for the future :-)

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html
()

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25
  ·  8 days ago

Hi

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69
  ·  7 days ago

I don't think I ever seen this one.

47
  ·  8 days ago

Great post. Got my vote

54
  ·  9 days ago

only a matter of time until homes are sold and credit cards are maxed out to buy Bitcoin.

You want to be on this train!
Best,
Isaac

59
  ·  9 days ago

This post has been resteemed by @netuoso courtesy of @netuoso from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

Be sure to go to https://steemit.com/~witnesses, scroll to the bottom of the page, and vote for @netuoso.

56
  ·  5 days ago

Steem should hit $2 soon and I think its very real that it reaches at least $5 by the end of year , if you look at the growth

50
  ·  9 days ago

Amazing article, dude.

I really like the part with how we should invest our time and the part about the cryptos.

Yes the market is huge, but enough and could be manipulated easily, however the cryptos are our future. Our opportunity for becoming millionares.

I believe one day they will replace fiat. The are created for that, thats their primary goal.

About investing our time wisely, yes we have to know what is productive for us and develop it.

Cheers, @duhov

50
  ·  5 days ago

I really like your strategy of posting very high quality articles every few days as opposed to posting something meh every day. You have my full uv!

44
  ·  9 days ago

I think the explanation about cryptocurrency and bitcoin for new people here like me really need master @teamsteem. For me personally so far is still very difficult to understand both. But by often reading postings like this @teamsteem I am sure, me and others in steemit who have not understood will immediately understand... Thank you for sharing @teamsteem

45
  ·  9 days ago

A post that is very useful for all newbies who are new to the bitcoin world.
They can find out how this bitcoin history can exist.
And also they can see and know the comparison of bitcoin progress each year.
In my opinion, this is a very unusual post.
I am @aroyl thanking you.
I will wait for your post more extraordinary again.

48
  ·  7 days ago

It's an in depth article and a very detailed analysis is presented. I am thankful that I've come across this. I am inspired by the sheer talents in writing in steemit day by day. Congratulations to all of us!

45
  ·  9 days ago

Amazing post - upvoted, resteemed & followed!

49
  ·  9 days ago

The main thing is we work with love!)

51
  ·  8 days ago

Nice informative post.

45
  ·  9 days ago

Great post! Very insightful!

43
  ·  9 days ago

Brilliant article, you got my vote.

I just wanted to add, these aren't all strictly "currencies" either, they are versatile technologies, some unique and the only emerging in their field. Others will crush the competition, and victors will take the entire markets in many areas.

Blockchain is going to be implemented GLOBALLY (the chinese are about to start paying taxes with it) whether people like it or not.

And 100 fold opportunities are out there, in a ridiculous frequency.

44
  ·  9 days ago

This is a very informative post. You hit on a lot of good topics. I have been feeling a little worried about investing in crypto, but I am pumped again. Also I liked the link on Steemit. it had some helpful hints too!

61
  ·  9 days ago

Very informative post :D

51
  ·  3 days ago

Great post and insights. Thank you

44
  ·  9 days ago

Great post. I think Steem will one day be worth several 100 dollars, and I look forward to that! Who would have ever thought BitCoin to be in the thousands back in 2010.. I certainly didn't. If Steem can get to $10 that would be very practicable in comparison.

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69
  ·  9 days ago

I wish so too! We'd live in a very different and much better world by then too. But Steem is just one cryptocurrency among many other crypto. It is very different and is bringing a lot of new innovation and opportunity but it's only a piece of a bigger puzzle. Let's not forget it!

44
  ·  9 days ago

Awesome post! Resteemed.

50
  ·  9 days ago

"The eight richest men possess more than the half of the world's poorest and the share of the wealthiest is growing. "

This is exactly why I've dedicated my life to giving back to those who are not as fortunate as me. I'm not going to have kids because they take up too much time and energy which I could be using to help people who really need it.

To that effect I donate my birthday to charity every year. Today is my birthday and I don't accept any presents from anyone, I simply ask people to donate to a charity which I've spent a lot of time researching to ascertain its' effectiveness. Anyone who's interested in donating can find out more info here.

42
  ·  9 days ago

Some ppl aren't ready to wake up to the fact that they are actually in charge of themselves. It's articles like this that pull in the ones that are. Cheers to the future

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69
  ·  9 days ago

Cheers to your very nice comment my friend!

6
  ·  9 days ago

I agree with you sir, and a hardcore believer that the steem would be the only solution of poverty. In fact it's far different from other crypto currencies, everyone has a chance to earn some few dollar to thousand a day without the need of expensive devices.

And the small step we make to spread the knowledge today, would be rewarded big in the future. We are all affected with this humble beginning.

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69
  ·  9 days ago

I think we should see Steem as part of the solution. Without internet cryptocurrencies wouldn't exist and without Bitcoin, Steem wouldn't exist... Steem is only a part of a bigger picture. Everything is always part of a bigger picture.

"In order to properly understand the big picture, everyone should fear becoming mentally clouded and obsessed with one small section of truth." - Xunzi

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6
  ·  8 days ago

Somehow it is.

51
  ·  9 days ago

I found your article very interesting !!! Thank you

50
  ·  4 days ago

Wow! Great article with tons of useful info.
Upvoting and resteemed. I will definitely consider casting my vote for you.

Cheers! from @thedamus

50
  ·  9 days ago

You can bring a horse to water but you can't make them drink is what I always say.

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69
  ·  9 days ago

That is so true!

50
  ·  8 days ago

Witness already approved. It's our duty to make a positive change and not focus on greed.
Greed will kill us all but I believe it is evitable if we all have the courage to change/to evolve.

The potential of Steemit and the crypto world are infinite.
Are we all willing to make a positive difference ?

44
  ·  9 days ago

Thanks. nice Articles as always

let's see this another steemit rival
https://steemit.com/karbon/@doqstrader/karbon-anonther-steemit-rival

47
  ·  9 days ago

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47
  ·  9 days ago

ha! , that about sums it up !

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47
  ·  9 days ago

Yes, it sure does!

46
  ·  9 days ago

Very informative post and very useful to anyone new to crypto. Well done @teamsteem

Crypto <3!!

43
  ·  8 days ago

Good post! Cryptos can act as a world wide currency hedge against fiat currencys. For instance, Venezuela has hyper-inflation, but if you had Bitcoin the purchasing power would have remained the same as before, as opposed to the fiat money that has become worth less and less...

41
  ·  6 days ago

Thank you to much @teamsteem
Too much valuable information to think about it.

34
  ·  7 days ago

Hey Great Article!!
It was really useful and Informative!!
Thanks for posting such an impressive article...it totally inspired me..
I write articles on bitcoins and would really appreciate if you would check them out and give your views on it..
Thanks and i already upvoted and followed you :)
Hope to get followed back.
Cheers!!

46
  ·  8 days ago

Good info. Have a follow!

Also shared it on the Trending on Steem Facebook page.

49
  ·  9 days ago

good article

50
  ·  9 days ago

Very well presented and informative for those of us still getting our ~crypto~feet~ wet! An upvote and resteem for your effort @teamsteem - here's to hoping Steemit goes to the moon and beyond! Thank you very much

51
  ·  9 days ago

I think it is time to start explore this subject very intensively as well.
Thank you for sharing :)

25
  ·  9 days ago

Great informative post, thank you! So glad to have gotten into #bitcoin early in the game! Crypto is the future!!

33
  ·  9 days ago

Thank you very much for your great post.
That is very useful.thanks for sharing.
Have super fabulous day.
I like your post
I follow you and
I am waiting for your next post.

60
  ·  9 days ago

Very clear and approachable. Thanks for sharing and all the helpful recommendations :)

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60
  ·  9 days ago

Do I need an invite to get into Peace, Abundance, Liberty ? I'm new to discord.

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69
  ·  9 days ago

Nope.

25
  ·  2 days ago

good

25
  ·  9 days ago

support my post to buy new iphone :p

39
  ·  9 days ago

Excellent post and thank you. Your writing is insightful, you make Steem and cryptocurrencies so much easier to understand with an urgency that drives the reader to investigate further with clear instructions on how to do this. Again thank you.

43
  ·  9 days ago

Overall good info. I do question when people compare the M3 of country to all of or a single crypto's market cap. It just doesn't have a correlation other than both of them are numbers.

66
  ·  9 days ago

Excellent stuff and I have also had the same feeling as well. 2015 was a very bad year for me in general and I primarily got washed out of my crypto investments. I had mined 1000 Monero in 2014 and early 2015. I couldn't survive the crypto nuclear winter. It really sucked but I have learned a ton since I first found out about Bitcoin in 2013. I knew it was the future for sure but things got rough. I just know what during these boom cycles I'm going to work hard but I know that we will likely enter a nuclear winter again and I will be waiting for my chance to strike to take a large position.

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69
  ·  9 days ago

I get you. Back then all those coins were many times easier to mine. I began to mine in 2012 and made so many bad deal selling to altcoin when I totally shouldn't have. Let's look toward the future though.

25
  ·  9 days ago

Good post. Thanks you. I get almost knowledge.

56
  ·  9 days ago

i'm already thinking that everyone who has now some cryptocurrencies in their portfolio, will be rich in less than 5 years just holding them.

25
  ·  9 days ago

Thanks for providing this value!

25
  ·  9 days ago

Great Post my friend

30
  ·  9 days ago

It is pretty darn subjective, however, the digital currency realm is so different from other known areas so we should all learn to embrace it...

52
  ·  9 days ago

Wow, powerful post with massive info. Thanks! I just wish - like many others - I would have heard earlier of cryptos. The relations are so strange sometimes... I was working almost a whole year to finance 5 months of a painting academy. With living costs 7.500 euros and some people make this money with cryptos per day, some even in an hour. But in the end I am happy that I am here - cause on steemit I already learned a lot about cryptos So thanks to all my teachers here 😊

46
  ·  9 days ago

I fully enjoy reading your post , this was really deep and informative outlining the history of crypto and what it will do for the world , thanks again

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69
  ·  9 days ago

I'm glad you got a lot out of it and took the time to leave this nice comment!

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46
  ·  9 days ago

you are welcome my brother

66
  ·  9 days ago

Well, it's nice that more people are taking notice of crypto.

For a long time, I never told anyone I was involved, and during those few times that I did talk about it, nobody could understand what I was talking about.

But now I get chances to talk about it all the time. My family, my coworkers---everyone is curious about crypto, and they all come to me with their questions. It's like I've become a kind of celebrity.

And it just keeps getting better and better.

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69
  ·  9 days ago

Hahaha! It is! I think this is only the very beginning. Your comment maybe me chuckle quite a lot!

36
  ·  9 days ago

amazing post...i readed your post its great!!!!! WOW
many people lives are changed because of cryptocurrencies
at the time cryptocurrency launched bitcoin people not having trust on cryptocurrency after some years peoples started believing in Bitcoin and many other coins.the crypto coin market cap is daily increasing day by day. it will reach the top of the world currency.
Thank you @teamsteam for sharing your information.

48
  ·  9 days ago

Great post. I didn't know about cryptos until earlier of the year, and it took me few months before I really started to look into the opportunities. I wish I was on Steemit earlier that I am able to get a lot more informative info. But better than never. Thanks,

25
  ·  9 days ago

As someone new to the concept of cryptocurrency, I must say that this post has given me a thorough insight into what all the hassle is about. I have been trying to understand the concepts for some time now and I can surely say that I have not come across any such "To the point" explanation. Looking forward to reading all your material.
@teamsteem

46
  ·  9 days ago

You are an inspiration...!

Many thanks!

44
  ·  9 days ago

The water of the river Bolon Sump in Pematangsiantar, North Sumatra, changes color. The river water is now red like the blood flowing. What is the cause?
image
Red River sightings were uploaded in the form of a video by a Twitter account head of Data, information, and Sutopo Purwo Nugroho BNPB Publicist. He describes the changes the color of the water of the River because of the waste.

48
  ·  9 days ago

Digital currency the era has come. Thank for the post

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69
  ·  9 days ago

I think so!

50
  ·  9 days ago

I Think The Main Advantage That Crypto Has Is That It Has No Loans And No Debt Which Is What The F**k Is Wrong With Our Financial System :)

52
  ·  9 days ago

I still do not understand why bitcoin in cash is growing a little, although it should fall to all predictions ...

45
  ·  9 days ago

Thank you for this this helps me understand this a little bit more!

29
  ·  9 days ago

So interesting. Keep going and good luck! :)

55
  ·  9 days ago

Hey! Thanks for the info!!

45
  ·  9 days ago

Wow...What an incredibly informative post. I only just started investing in the crypto space this year, and oh what an exciting year it has been. I learned of bitcoin in 2011, and at that time was running scripts on a game called Runescape and was farming currency to sell for fiat.

Oh how I wish that I could have had just a small nudge to go a bit further. I remember downloading the bitcoin and litecoin wallet, but having issues getting the wallets to sync. I never conducted a crypto transaction in the 6 years those wallets were sitting on my PC. I totally would have jumped into mining back then if I could figure it out. I remember BTC at $40-50 at the time.

But better late than never. This has become quite the obsession, and I look forward to seeing what else comes out of the crypto space soon.

@Cryptounicorn
PS: How do I vote for someone to become a witness???

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69
  ·  9 days ago

To vote for witness click the link below. Head at the bottom of the page and write my name teamsteem then click vote. My name will appear down the list with a little blue arrow. Don't click back on the arrow or you'll remove your witness vote for me and you'll have to recast your vote.

https://steemit.com/~witnesses

48
  ·  9 days ago

I voted and resteemed Dear @teamsteem! 🌻
Good news & good post, Thank you!

3!.jpg

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69
  ·  9 days ago

Thank you very much @deleni!

26
  ·  9 days ago

well i do doubt that crypto will really get that big, that quickly, but it certainly does have a long way to go in terms of potential markets and money investments that will be made available to the general public.

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69
  ·  9 days ago

Yeah. I think my mind went off on a semi bad tangent. I had thought about better metrics to look at but kind of forgot to include them. I'll include at least one of them in my next post. I think it will give a much more realistic forecast.

37
  ·  9 days ago

Es un post alencionador yo soy venezola y vivo en venezuela, somos en este momento el ejemplo mas famoso de como el poder politico y economico oprime a la humanidad, para mi las criptomonedas es el ejemplo mas grande de como podemos liberarnos de esas manipulaciones que solo benefician a un grupo pequeño de la sociedad, creo en las nuevas necnologias y sus beneficios gracias a personas como tu que dedican su tiempo a concienciar sobre este cambio positivo, que es una opcion real de cambiar nuestro modo de vida.

62
  ·  9 days ago

Hello @teamsteem, indeed we have a bright future ahead of us those who have seen and understood the potential value and use of crypto currency in this our changing world ! Great post upvoted ) TeamSteemOn )

36
  ·  9 days ago

This is a long debate, "A great shift of paper money to the digital currency".

48
  ·  9 days ago

Hello, nice posting, i like it and i have restem your write ..... i'm @mukhtar.juned from Aceh Indonesia, please give me the tricks for me to get a lotv upvote from steemiters world, I can not write because I am just an employee who daily just work on schedule from the company. Give me your advice so I can go forward like you, thank you.

Best regards
@mukhtar.juned

#indonesia
#ksi
#post

25
  ·  9 days ago

The next generation set of millionaires are not those who invested in the oil and gas sector but those who did in cryptocurrencies. Keep it up. So lovely.

36
  ·  9 days ago

@teamsteem - overwhelming collection and research.

Sir how do you see the future of bitcoin?

Would it be challenged by Etheruem and Ripple?

36
  ·  9 days ago

Enjoying the content.

love to exchange ideas

13
  ·  9 days ago

Great Post!
Hi Guys, today 1 Bitcoin = $3,448 Have you been interested investing in crypto currency,
but you don`t know where to start...
Learn how to trade Bitcoin and all Cryptocurrency! and Earn Passive Income!
Secure Your FREE Position NOW! Click Here to Get Instant Access
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Guys, please upvote I will do the same in return.

Please Follow me : @bogz
Please Follow me on Tweeter/Instagram: @bogzky
Add me on Facebook : https://www.facebook.com/bogz.catangay
Please sign up : http://bit.ly/2v3Stem
Like my Page : https://www.facebook.com/FutureNetPH

45
  ·  9 days ago

Cryptocurrency market grows very fast, but it's just a beginning. There is still much to do. When I'm investing on cryptocurrency market, I always think about real value of this project. What technology is behind this project? How it can help people? I never invest on coins whose value is based only on speculation. On Steemit I do the same. I read only valuable posts like yours @teamsteem :) Good luck!

50
  ·  9 days ago

I will put have to read this later.. so much great info.. Like this: Cryptocurrencies' market cap have gone up 908% in the last 365 days, from $11,7B to $117B... so glad my friend @lanceman shared it now this post is in my feed. Great job @teemsteem

40
  ·  9 days ago

The excelente news of market capital and get more.

36
  ·  9 days ago

wow - exciting post.
Im in work at the moment alleviating the pain with your knowledge. going to give this post a re-read later on and share the love. thanks :)

40
  ·  9 days ago

Buena info, gracias por compartirla. Saludos!!

58
  ·  9 days ago

"all fiat currencies, stock and gold markets combined equated to roughly $159T."

Great Insights

And Crypto Currency Market Cap of $117B when compared to this is "Nothing"

Someone estimated that Crypto Currency Market Cap will reach 5 Trillion in the Next few Years.

So it is a good time to be invested in crypto currencies, maybe in the ones that are in the Top 3 / 5 according to market cap currently.

-- and Steemit was at 10,000 Alexa rank 2 months back and its now at 2850.

On this pace, Steemit will soon be in the Top 100 websites worldwide and then we can all guess what the Price of Steem will be.

Wishing Good Luck to the Steem Team and all its Users :)

Have a Nice Day

44
  ·  9 days ago

@teamsteem As it takes longer to read across a computer screen than on paper, I am delighted with my time investment to ingest this entire post. The little Good To Know paragraph was worth it alone. Thank you for your service to me and the entire Steemit community.

37
  ·  9 days ago

I'd love to vote for you but I'm so fresh in this space (1 week old) that I don't know yet how how to do it. Could you briefly explain or sent a link and I'll be glad to proceed asap. Rien ne résiste à la bienveillance !

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69
  ·  9 days ago

To vote for witness click the link below. Head at the bottom of the page and write my name teamsteem then click vote. My name will appear down the list with a little blue arrow. Don't click back on the arrow or you'll remove your witness vote for me and you'll have to recast your vote.

https://steemit.com/~witnesses

31
  ·  9 days ago

very informative to introduce the new digital currency..

50
  ·  9 days ago

Thanks for this informative post man! We're hitting daily records with BTC and the market cap in general so the future is looking good indeed! Also cool to hear you're holding EOS 😎
A lot of people don't like it because of the hype but I'm looking forward to seeing the coinmarketcap with @dan's cryptos at the top!
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

47
  ·  9 days ago

Hi @teamsteem
Great post ! bro. I still do not understand this step, but I will try to study it. Thank you very much for sharing.

31
  ·  9 days ago

Great run through on cryptocurrency. At what price point did you get in?

57
  ·  9 days ago

Congratulations @teamsteem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

37
  ·  9 days ago

Crypto is the future!!! When the dollar buys nothing these will!!

41
  ·  9 days ago

Nice. Thanks for sharing. I follow you.

62
  ·  9 days ago

Great post. It's a good primer for the typical complaints (of the uninitiated) that all cryptos/Bitcoin are in a bubble. They've been saying that pretty much since it was $1, and they'll keep saying that until it actually becomes true.

Your data is a good indicator that this is not the case yet, however. You've got my witness vote.

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69
  ·  9 days ago

Thank you for your support! I really appreciate it!

32
  ·  9 days ago

Wow, a lot of information. Great post.

58
  ·  9 days ago

I really enjoyed reading this (you know an article is great when you read it beginning to end without once tabbing to check on the exchange prices of your coins!).

You also have my witness vote. You raise so many of the same reasons for why I'm so excited about steem and steemit myself. Look forward to your next stuff and hope to get to know you better!

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69
  ·  9 days ago

Thank you @fredrikaa for your support! I really appreciate it!

36
  ·  9 days ago

Wow a ton of awesome information here! Bookmarked!

33
  ·  9 days ago

Very good post!

52
  ·  9 days ago

Good Evening TeamSTEEM, Excellent Post but haven't really finished reading it so will come back a bit later to edit & add on. (( I'm in the middle of some pretty BIG trades... sorry ))

UpVoted & ReSTEEMed Now...

Cheers !!

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69
  ·  9 days ago

Happy trading!

38
  ·  9 days ago

Followed all in this thread upvoted and Resteemed

40
  ·  9 days ago

thank you for posting. wow i feel so left behind! I got into the crypto game 2 years ago and i constantly feel like i miss out!

54
  ·  9 days ago

Crypticurrencies giving more returns when compared to stockmarket, there is a circuit limit in stocks. People who cathed cryptos are lucky they are enjoying the fruits of it.

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69
  ·  9 days ago

Everyone will benefit.

57
  ·  9 days ago

Nice post @teamsteem! I really liked it. Just one remark. You stated: Bitcoin: The cost of creating Bitcoin is non-negligible. Is this really true, what about the high electric cost to mine them? Just my 2 satoshis. Steem on!

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69
  ·  9 days ago

It is non-negligible. It cost a lot of electricity to mine Bitcoin no matter what the price of electricity.

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57
  ·  8 days ago

I kind of misread it. Agreed: Non-negligible

45
  ·  9 days ago

cool, resteem :)

59
  ·  9 days ago

I invest almost all my free time here because i believe in the value and potential of Steem. Crypto is the currency of the new economy.

37
  ·  9 days ago

Really great post. teamsteem. I hope this kind of article keep on coming on steemit.
Upvoted and Resteemed.

40
  ·  9 days ago

Since everything is based on Bitcoin it is very difficult to get the true value of the alts. Looking forward to having more than a handful of FIAT purchase options.

39
  ·  9 days ago

You know everything about Virtual money.

35
  ·  9 days ago

I can't wait for Steem to rise just like Bitcoin has

29
  ·  9 days ago

Totally agree

47
  ·  9 days ago

$117 Billion... that's a fair amount of money

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69
  ·  9 days ago

It is! It seems like most people aren't realizing what is happening, even some of my friend who are well verse into stock markets... they are totally missing the big picture.

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71
  ·  9 days ago

You are a beacon to so many people man. If anyone can live this out and show people the way --- it is you @teamsteem

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71
  ·  9 days ago

Do you know how much pizza that buys?

LOL

55
  ·  9 days ago

Just a little precision about your comment "The cost of creating Bitcoin is non-negligible."
It may seem negligible for the common users, but it's not negligible for the miners, especially that the problem solving difficulty for mining bitcoin increased exponentially. The cost for running a big mining farm nowadays can reach millions of dollars in monthly electric bills.

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69
  ·  9 days ago

When you said correction you meant to add to what I said. I guess cause you're not correcting my information but adding more precision to it...

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55
  ·  8 days ago

You're right. My bad. I misread the "non-negligible" part, I read it too quickly and in my mind it was "negligible". Happens when reading Steem comments and posts all day lol. Comment edited.

33
  ·  9 days ago

Intelligent person :)

32
  ·  9 days ago

I love this post

59
  ·  9 days ago

Always a good thing to see your post, thanks for the info and more success to you.

53
  ·  9 days ago

Smart money, the people paying attention and who are informed, is getting out of fiat currencies. They see what's coming.

I genuinely worry about the average investor though. They have no clue about what's coming. They are also usually in a lot of debt.

I wish the best for everyone and hope people will prosper, but I'm also a realist. I'm surrounded by people who are unwilling to do the hard things to become wealthy.

They want the expensive car payment for some crazy reason. They want to eat out all the time. They want to go on vacation all the time instead of saving money.

Most people I know, very sadly, have no extra money to invest. They make sure, because of terrible spending habits, that they never have extra money to risk.

They can't buy crypto because they don't have the extra money left over at the end of the month to "afford" it. The concept of living below their means today to retire comfortably tomorrow just isn't being considered.

What can we do other than try to inform them? I know I cannot change them. Even my closest friends are foolish when it comes to this type of stuff. They pay off a car and buy another one to always have a huge car payment. All they have for retirement is a lousy 401 too, and they don't even have a little extra money for some STEEM.

I often hear and read about how life is so unfair. People complain that no matter what they do, they can never get ahead. It's all lies though. They are the reason they are broke. Their terrible spending habits are to blame, not me or anyone else.

Wealthy people get and stay wealthy because they live below their means. They accumulate capital, and then they put that capital to work. Money works for them; they do not work for money.

I know you, @teamsteem, get it. You get what I'm writing. Most people we know do not though. I wish I could magically make them understand too, for their lives would be much better because of it!

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69
  ·  9 days ago

I think the coming changes are so drastic but so much more positive than what we are use to that everyone will benefit even if we have to hit the bottom of the barrel before everything starts to go better for everyone but for once in our life I see this as a realistic possibility.

I know what you mean. These people are kind of too far off in their daily bad habits.

29
  ·  9 days ago

Thank you for this post!

45
  ·  9 days ago

I think that crypto is the future of everything.

35
  ·  9 days ago

So beautiful..

34
  ·  9 days ago

You have mastery over the field, Sir. It is your experience and hard work in the field of cryptocurrency which is going to be paid off. I wish you all the best and I thank you so much for such the great share.

36
  ·  9 days ago
28
  ·  9 days ago

What an amazing informative post. I have it bookmarked for future read and to share with frienda that are new to krypto

44
  ·  9 days ago

cryptocurrency will only help to an extend
as long the evil doers are still doing what they
programed and like to do nothing will change
it stays the same like so many decades, war
killing, destroy, exploit the human race and
there societies ! nice post STeemOn

40
  ·  9 days ago

Good post

35
  ·  9 days ago

This is a good article

54
  ·  9 days ago

Thanks for your time to write this. I really appreciate it.

You gave me 3 wonderful thoughts:

  1. It's not too late for crypto. It is only just beginning. There is still plenty of room for friends and family who believe it's too late.

  2. Blockchain is decentralizing our culture. We finally have a way to grab some of our wealth back from the power structure and hand it back to the people who can create love with it. This is much bigger than just money.

  3. Steemit is an inspiring place to meet and help pe