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RE: STEEM/BTC Fundamental Analysis #1: Why is the price tanking?
I wish to reply using picture from another steemit article
With steemit we are somewhere between Peak of inflated Expectations and Trough of Disillusionment. So, downing-trend will go on. Such is my quick analysis)
Maybe, but I think the entire crypto space is just now hitting its stride on the journey upwards to the peak of inflated expectations. Bitcoin was the innovation trigger. As much potential as this technology has, the peak of inflated expectations should rival or possibly even dwarf the 2000 nasdaq bubble.
As for amount of people involved or know exactly what is crypto - seems You are right. And as for perspectives every libertarian was waiting from crypto-technologies (censorship absense, anonimity, decentralization and so on) - it is on the way to Trough of Disillusionment.