Market Avalanche with the hometeam full in the green
Total market cap soon to pass 70 billion!
Bitshares, Steem and Steem (Backed) Dollar full steam ahead!
On the move, big time
The crypto avalanche is picking up more and more speed and volume as we go. Since februari 21st of 2017 especially the market capacity part of the so called 'Altcoins' went up. After 23rd of april that line almost went straight up. And currently Bitcoin has lost its market dominance that it had for such a long time. That is quite alright though, in my opinion, because Bitcoin has a transaction limit challenge. It is good to have a lot of different types of BitMoney {AKA: coins, cryptos and so on}. There are about 720 different types of cryptocurrencies that make up the main market. That passed a total capacity of 66 billion US Dollar already! And we have only just begun... Or to put it in a song title: "You ain't seen nothing, yet!"
Market Avalanche, full in the green
image cc-by-sa @oaldamster
Green candles for the hometeam
Bitshares has passed 6 dollar cents, Steem already did $ 1.02 again and SBD {Steem (Backed) Dollar} is still solid rock at an impressive 1 dollar 85 cents, going towards 2 USD fast! (There was even a weird $ 22 all time high recently.) In a market, with 720 different kinds of BitMoney, being within the top 15, is superb. Remember, Steem is only one year young and Bitshares just three years. Both on a climb in a market that is going like an avalanche. There could be quite a grow in demand for Bitshares, Steem and Steem Backed Dollar. And there is enough around for Golos and Peerplays to get their share too. It looks like it is just a matter of days before the total market capacity will burst throuhg the magical 100 Billion frontier...
Scaling, speed and decentralization
The recent traffic challenges for a centralized trading platform might have put the Bitshares Decentralized Exchange {DEX} in the spotlight again. And this could boost the price for Bitshares towards 10 cents fast and quite a usage growth of the DEX. And if one platform can handle lots of transactions, with even more operations in them, then it is Bitshares. While Bitcoin has a hard time getting rid of the stockpile of 200K transactions, blockchains like Bithares and Steem would fix it in just over a minute...! Yes, that is right, blockchains like Golos, Peerplays, Bitshares and Steem would have chewed away that pile-up in a jiffy! While it would take Bitcoin forever, and they really need to go for 4 MegaByte blocks to solve this long term, as I see it.
Yes, Bitcoin can only do about 3 transactions per second. It is not ment for day-to-day use, it was ment to hold large value, to hold morgages and so on. This transaction stockpile challenge was caused due to hyping Bitcoin as a day-to-day payment system as some developement team still seems to do. Litecoin that went Segwit, like Vertcoin and DigiByte would do a far better job than Bitcoin could ever do. For me that is like it was supposed to be, Bitcoin the digital equivalent of gold, Litecoin the silver, Vertcoin the copper and Digibyte the iron. Just to give a reference that most of these will be used for the long term, where single transactions on those blockchains will carry a lot of value.
Bitcoin should get a consensus hardfork soon, get those 4 MB blocks in, or it will lose a lot of its potential market to Litecoin, Vertcoin, Digibyte and others, like Steem. It is crazy to have this congestion of 200000 transactions. And it maybe a good idea to enforce a minimum transaction fee for BTC. For goodness sakes, Bitcoin was never ment to be for small value transactions, those who still promote that should be kept out off developement. It simply can not handle it! For me it is still to be one of the most expensive cryptos in the Bitmoney realm. And I am okay with paying tens of dollars worth of BTC to get a huge values transaction secured, even if a full confirmation takes an hour. That it should aim at: holding and transporting large values.
Bitshares and Steem do it like 3-2-1-Done!
Even if those at Bitcoin have a hard time getting real, Litecoin and others will take a lot of capital from it, anyway. The market avalanche has only started to really take off recently. And with a potential growth of 33 billion, there is a lot to get for our hometeam members too. Bitshares offering real value with its Decentralized Exchange and Steem with its Social Media Platform. While others spread news that they are working on these kind of things, those who know and use Bitshares and Steem will have a hard time not to smile. Platforms that take ages to create blocks want to add services that should compete with our blockchain mantra: 3-2-1-DONE...!? They are kidding right?
Yes, that might be consired a bit arrogant, but no matter what these other blockchain technologies claim, it is still and idea, a developement or tested. Yet in reality it states that it is soon to be released. And none has really delivered, yet it gets hyped all the time. While Golos and Steem already proof day after day how easy their Social Media platform can scale and still does the 1-2-3-BLOCK! And they can handle thousands of transactions per second, there is proof of that, it is reality already. Next up is Peerplays to go life, based on the Graphene technology it will handle things also like 1-2-3! And EOS is not even released yet, because that will be another game changer. Millions and more transations per second, parallel processed smart contracts! That will also attract a lot more attention towards Bitshares and Steem, giving their price another boost in the proces.
Can Steem handle a price of 135 USD?
Imagine that, Steem costing a 135 US Dollar, while chewing away 200000 transactions in no time. Market cap of 33 plus billion. And still transactions fee free, the same for 0.001 STM or 1000.000 STM {Steem}, at no cost. An account holding a few thousand in Steem Power {SP}, getting a nice 3% dividend per year. That is almost too weird to imagine right? Well, the platform can handle it. If Steem and Bitshares could lend a helping hand to the 200K Bitcoin transactions on hold, they would have fixed it in about a minute...! The fastest kids on the blockchain could absolutely do it.
Best thing would be for others just to get over to the Bitshares DEX, the Steem Social Media platform and the others of the hometeam like Golos. Soon Peerplays will be another unique addition to the 3-2-1-Done blockchain family. And there is even more excitement to come with EOS, it is just around the corner...
Steem on and have a great one!
Bitshares gaining in 24 hour trading volume
Looks like the next Steem price jump is ahead
Steem (Backed) Dollar hard like diamond
screenshots by @oaldamster
NOTE: Only put in what your are willing and able to lose. And your speculation might be as bad or as good as mine.
It's going wild. When you said about steem going up to 135 dollars I felt almost giddy at the idea!
It is in high speed acceleration, jaw dropping and mind blowing. Every day I get ready for another surprise. :-)
Think I would feel quite a bit dizzy and stunned for a while if Steem got to a 135 USD value...
The idea can already give a sense of lightheadedness indeed. =D
If it went to a tenner in value I'd need to hold on to a bottle for a while I think.
Good times in the past, great time now and the best to come!
If it went to a tenner I would faint!!!
Then I would hold on to a bottle :0)
Hahaha, yes, that would be the best order to do it, I think!
@oaldamster
how about 1k please or even a 100 is also okay
no make it 1k please hahaha
these days the moment I wake up I turn my phone on and check the coinmarketcap link you gave me - damn it keeps soaring high
what on earth is happening
Yes, why not 1000 USD for one Steem @englishtchrivy. =D
That would mean thing really went nuts, hahaha
A hundred per Steem, that be mind blowing!
First 10 a Steem, or in small steps, like 2.5, then 5, 10, 20 and so on. :-)
It seems cryptos have attracted a lot of attention lately. It started already slightly in end 2016, I think, and after a certain threshold had been past it really went fast. End of march it really went up steep, and that triggert even more attention.
Cryptos is no longer a field of nerds and geeks only, it broke trough into mainstream, and it is in what I refer to as the avalanche effect. When it starts it is hardly noticed. But then it picks up momentum and the it expands fast and extreme.
It will attract more along the way. Getting more to invest in cryptos, especially in the so called 'Alts' because on the short/ mid term there is still a lot to gain. And I think that also the traditional financial market is getting more attracted to the Crypto financial market.
Simply, I guess, because there is a lot of profit to be made there. So, more attention attracts more attention, gets more investment and so on. Especially when the ROI gets word and spread around. :-)
And I do think that a platform like Steem did have a positive stimulus effect in this proces, that is still going on. Even though Bitcoin lost its market dominance, already cleary below 50%, it still goes towards 2K. And the total market is booming business, so that means there is a lot of new investments, mainly in the 'Alts'.
My prediction is that the total cryptocurrency market capacity will burst through the 100 billion mark on monday... :-) So there is room there for Bitshares and Steem to gain a lot, and I mean, a lot.
Yet, no guarantee, because my guess might be as bad or as good as yours. ;-)
But it is exciting to witness, WOW...!
Well I don't know about 135 USD per unit but 10 USD looks quite realistic. The potential of Steemit as whole entire daily evolving world is hard to be predicted. One is sure Facebook and Twitter will become history. Steemit is the next phase in Social Networking.
We're running! Steem on!
I'm trying to optimize this green period
On a roll! :-)
A good time to optimize on the green.
Thanks for the follow, will follow in return.
Steem 'n Roll!
Green is hope! :D
Thanks back!
It is good to have green. :-)
You're welcome!
eheheh green power ;)
Nice one. =D
Steem at $135, wouldn't that be great!
These days I hear and read a lot about Apple, moving closer and closer to a 1 Trillion USD market cap. And that is just one company of many. If all cryptos combined will make 1 Trillion USD, they will be worth just one company on the stock market. Personally I think it is a very realistic possibility and with (just) 70 Billion, we are still at the bottom of all of it.
Amazing times right now!
That would be crazy when Steem would hit that heigh!
And this first big avalanche is a sign of things to come, I think. Total market cap allready passed the 67 billion mark, almost halfway to 68...
Exciting times, Steem looking on the edge of another jump, to ...? Bitshares already climbing towards 7 cents, could go to 10 soon. Great to see!
2017 definitely is the cryptocurrency breakthrough year
Very excited about Bitshares also
BTS doing well is good for Steem too.
Thanks for the ReSteem by the way, have a great weekend!
Same to you ;-)
Thanks! :-)
I hope ...I need it :)
Thumbs up! =D
I hope :))
It is only a matter of time before people realize there are solutions that work swift. I just wish Bitshares was fast on track to implement payment solutions. I think they work on it, but i would like it now.
True, it will soon it will get more known.
There is things like Blockpay, they have a Bitshares wallet.
http://bitshares-munich.de/