[Vlog] 2017, the year of cryptocurrency awareness... 2018, the year of adoption?

in vlog •  last year 

So 2017 comes to a close. To say it has been a crazy year for cryptocurrency is an understatement!

Over-valued over-achiever!

I remember the end of 2016 and bitcoin touching $1000. My thinking then was it was over-valued and due a correction. How wrong was I!

I've spent much of 2017 thinking every cryptocurrency is over-valued relative to it's utility. However I've been in this space long enough to know that the maxim; 'the market can stay irrational, longer than you can stay solvent applies more to cryptocurrency than anything else.

Anyone that held the majority of their position in pretty much any cryptocurrency throughout 2017 is likely to have done very well indeed.

Growing awareness

The biggest thing to come out of this year has been the growing awareness in cryptocurrency. Pretty much anyone I speak to wants to know more about bitcoin, cryptocurrency and blockchain technology. The majority of the interest has been spurred by price speculation. It's a double-edged sword.

People understanding bitcoin as a place where people can make ludicrous returns on their investments has a greater measure of social acceptability than bitcoin being known as a mechanism for buying illegal drugs on the dark web. However one of the challenges for 2018 is going to be demonstrating the technology's use case.

1 million tx Steem

I'd love to see Steem getting more shine in 2018. Alongside Ethereum it is the most activity used blockchain. The Steem blockchain is consistently processing over 1 million transactions a day. The main difference being that Steem is barely scratching the surface of it's capacity. It is also processing blocks faster than Ethereum. Not to mention powering a real world use case in terms of rewarding content creators that contribute to the Steem blockchain via posts.

In 2018, I'd love to see more Dapps like Steem and it's front-ends. I'd love to see more blockchains proving they have the ability to scale and handle the kind of through-put Steem handles.

Beyond Speculation

I think the cryptocurrency speculation can go on for years. However the longer it is pure speculation the more the industry becomes more about gambling and risk taking than utility and innovation. I think in 2018 we will begin to see how much value is placed on utility.

What does it stand for?

When I tell people I've been into cryptocurrency for a few years, they look at me like I must have the 'secret sauce' to earning them fortunes! I can see their frustrations at my non-committal answers. I can talk about what I value in the technology and how I see it impacting the world, however I honestly have no idea what coin is going to pump next nor how high it will pump nor for how long.

Honestly, pretty much any coin with a decent 'story' can pump, pretty much at any time.

I know people that have got involved with things like Ripple and Bitconnect that have had a great year in terms of returns on their investment. Do those coins stand for anything I would endorse? No. Does it matter a jot to those looking for ROIs? No.

On the flip side, I've heard pretty much every coin worth it's salt called a 'scam'. Hell there are those that think this whole thing is a scam.

Digging heels in

I think 2018 will see a lot more people become more entrenched in the protocols they believe in. I've seen it this year. It never seizes to amaze me the weird and wonderful coins people get engrossed with. People dig their heels in and back 'their coin'. The pumps then validate their stance. Everyone has selective amnesia to that fact that every other coin is pumping at around the same time!

Compelling users

As I've said in a previous post. I think it will become harder to get people to "switch allegiances" in 2018. People have an allegiance to their investment than to the overall mission of the technology. I think utility will drive conversion. For example, I've seen many crypto YouTubers 'come around' to Steem, based on the compelling use case and opportunity Steem offers to them.

I think this could be the blueprint for 2018; people fall in love with the pretty crypto in the shop window promising the world but go home with the crypto next door promising her heart!

And with that...

I wish you a Happy New Year!

Obligatory Vlog ;0)

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really nodding along with you as you speak about this. 2018 feels good for the year of adoption by the masses. I think there are so many people working on this the tech is booming. gonna be addicting to watch

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Have you gotten any potcoin?

Great recap of the year, lets hope the trend continues

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Thanks for sharing

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Good Work Follow x Follow please <3

Happy New Year to all Steemians!!!

And remember...

This is your life, and its ending one minute at a time.

If we follow the tendencies set by multiple forerunners of our cryptocurrency world on the rise, the advent of Bitshares, steem, EOS and their family, which includes Zephyr and ERISTICA, should see a monumental rise in popularity and exposure as many others will be known and exposed for the weaknesses solved by the latter.

Great sharing again, I love reading your content and see how you think, it is always a thrilling ride for me. Thanks a lot for it all, Happy New Year, keep your smile and taking good care of your self and the beloveds, Steem on and, above all, thrive on!

Namaste :)

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You put a good content on each point !!!what a good article about cryptocurrency awareness,good one!!!!!happy new year to all steemit and steemian..nice one i want you to watch on yourself and all steemite..

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Good post and a very good maxim which is why I never buy on margin or credit, bitcoin/crypto maybe in a bubble but who in their right mind would try to short?

Wishing Bitcoin and rest of the crptos happy new year

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😆😆

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Whats your favorite 3 cryptos

@nanzo-scoop 2018 will be a year of mass adoption

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Have you invested in Potcoin?

You were born to win, but to be a winner you must:
Plan to win.
Be prepared to win.
Expect to win.
I am prepared to succeed.
Protect your dreams.

Thanks for sharing such useful content with us i will plan to win this year.
Happy new year to everyone...

2018.. I could see it already.


Happy New Year Man!

If you ask me, in 2018 the whole world will be seriously concerned with the crypto money.. Steemit will go through a rapid rise. Steem will reach $ peak

I for one don’t know any thing about cryptocurrency, bitcoin, or steemit till last 8 monts. I saw some post in facebook about steemit with two catching points that we can earn large amount of $ by posting, voting and commenting. I first thought it a scam. as i started digging deep found the potentiality i decieded to jump int to steemit. It took me a month time to read study and understand the concept of crypto market.

Today i am confident and found the ways and means of earning on steemit. With my 5 and half months experience on steemit gained confidence I can really earn, though till now my earnings are negligable.
Your post gave me more WILL to put more hard work. Your link " the most activity used blockchain " gave good confidence.

As you have very aptly said “in 2018 we will begin to see how much value is placed on utility". This is very valied statment. It should come in to the stage as one can ues their visa credit card. With the guidence of people like it will reach soon.

Thank you very much for the post.

hi... scoop
we met in delhi ... in cryptocurrency seminar, that time you told me about your steemit account ..there your speech is quit interesting or knowledgeable

Amazing and very interessing post thank you for sharing
resteemed and shared in the steemit

optimisim is the best good bet, nothing can stand in it's way, come what may

crypto currencies shocked the world with its potential and the adoption is going to be massive this year :) thanks for the video and wishing you a Happy New Year

cryptocurrency ithink was the bitcoin do fast movment people make much money up then they thought

@Nanzo-scoop, only been here for 3 months and your Vlogs of wisdom are invaluable to me and my colleagues. To me at that time "I think utility will drive conversion" is most powerful. Hopefully I'll be a successful contributor of that in 2018! Live long and prosper!

Happy new year sir

and a prosperous 2018.

I'm not sure about adoption this year. I have a feeling the "old paradigm" system will try to fight back more and more by implementing more and more means of control. I don't think they can stop it, but like you, I therefore expect big turbulences and more volatility than before.
Until the crash comes, of course. Then people will have to adopt crypto very quickly :D Latest in 2020 I think... ;)

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should i buy bitcoins right now?

indeed 2018 is a big year for Crypto, I can see some major things will be launched and incorporated in 2018. Blockchain technological advances are actually going to be implemented not just talked about.. Very exciting :)

I think 2018 will be a massive year for cryptos despite the fight to have it under control

Nice post and Happy New Year I hope that crypto currencies will be utilized to benefit the millions in developing countries gain access to enable swift cheap payments. As a newbie the fees to transfer crypto currencies is quite high across some of the exchanges. New to investing in Cryptos so do hope to see some gains and real life value from my invests. 2018 wishing you all the best @nanzo-scoop.

Thanks for your great sharing with insight to the crypto world. This is valuable sharing that provides newbies like me with good check points and avoid misconceptions!

  ·  last year (edited)

This new tecnhology (blockchain) its a revolution going on. bitcoin is a
simbolic criptocurrency that stars the run for a new world. a free, transparent and democratic one. soon all the banks are going to adopt criptocurrencies and so goverments all over. (venezuela is the first country with a criptocurrency with backup of natural resources) blockchain tecnhology its justs staring and we are going to see how companies and industries, goverments, banks, social media and so on and so on.. are gonna use this tecnhology for all his transsactions, contabilities y the way they interact between and others.

Happy new year

Nice post and a happy new year. I personally trade cryptocurrencies. Right now bitcoins is doing a major retracement on the currency chart. Also ripple has a very high potential of shooting higher this year. As you know ripple has become the 2nd largest crypto in the world following bitcoins. We should really keep an eye on this crypto currencies. They have huge potentials.

2018 will be the year of crypto

Interesting perspective and info!
Speculators will come and go and crypto prices will fluctuate, but the blockchain technology will continue to develop and create greater value for people

What a crazy ride full of adventures 2017 has been lets hope this will be even amazing 2018 here we come
May this New Year brings you a peace filled life, warmth and togetherness in your family and much prosperity! Happy New Year!

Happy New Year sir

2018 year will be a good year on the Group steemit

Happy and prosperous 2018 to us all. More Cryptocurrency to our wallets

2017 has been an amazing year for the cryptoworld. Unexpected soaring growth was seen.
I predict greater growth and a wider acceptability in 2018.
Happy new year

2018 is going to be amazing i hope you have a great year :)
Happy New Year

extraordinary
best regards to friendship steemit
guide us so we like you ..
I am still a steemit beginner

I am in the early stages of Steemit. I am completely clueless. 2018 will be my year of learning.

If suddenly my mother starts talking about Bitcoin followed by Steemit I know the bubble is about to explode! She is a good barometer for that!

Have you seen some of the crazy ass stuff going down with Verge today and on their Discord. Lot of passion in Crypto right now.

Nice post keep posting
Happy new year

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Good job bro

It will grow massive, as soon as people have more knowledge.

You've got a new follower here. Check out my blog if you like crypto content, I am new here and I am giving away 1000 bytecoin! Keep up the good work!

Imagine my utter shock when I clicked on HOT and the number one post was yet another cryptocurrency article.

2018 looks to be a solid year in general. I think we'll see the maturation of a lot of great products with solid use cases. We'll probably also see the eroding of market dominance from Bitcoin.

This is the year that every Crypto investor should make some decent $$

hey , amazing post!
In your opinion, this year will be good for cryptocurrency ?
what about ETH and 2.0 version ? thx :)

Congratulations @nanzo-scoop!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 7 with $ 338,17

happy new years mr nanzo

Great recap!

This will be the key, long-term only use case will drive the value. Looking forward. 🐳

2018 will define the fate of crypto currency around the world :)

crypto is a future of other currencys
@nanzo-scoop great post

There are also few people like me who were aware of crypto currencies since the 2010 but we never invested in it. Me personally, i had developed a deep rooted feeling for a long time that it was a scam. Then when i realized that it was not a scam, Asic Miners Entered the space. Too Bad.
Because of Asic i could not start mining. I wish i had some knowledge about altcoins at that time. If i had any knowledge then i would have entered into this field sooner.
At-least better late than never.

It will be a great year for the steemit !! happy New Year!

Crypto currency is the new money. Yes you are defintely right no one thought of bitcoin price going higher on a faster pace which has made people tons of money who got in early. People are really delving into crypto currency now they know the returns they could get from these coins. Things are evolving and smart people adapting to the changes in world. I remember telling a friend to buy bitcoin in 2016 which was just 1000$ my friend would have made fortune today but he was skeptical about the whole thing, long story short it’s good to make researches, acquire as many information as you can.

Nice cuy

I really like your post.
may i follow you

Well, 2018 may be the year of adoption or it may very well be the year of another freefall like 2013... I think before mass adoption there are 1 or 2 big corrections left in the marketcap of crypto world. Looking at the charts of various currencies the later senario looks more probable..!!! What do you think..?

Happy new year.

@nanzo-scoop You know something, I always see your publication to inspire me Someday I will be in trend and you will see me. I always see you ... greetings and may God bless you and spend a happy year full of blessings, this has nothing to do with your subject, but with the treatment of what you read

Congratulations @nanzo-scoop!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 5 with $ 368,33

Wishing you a very happy new year

That is all we pray and cryptocurrencies will replace tangible monies because we are going digital

Thanks for the great recap. I agree. The tribal nature of our affiliation should not be overlooked. You brought up another good point - the different reasons people get involved with cryptocurrencies. For some its the promise of financial gains while for others the freedom from opressive monetary regimes and the utopian dream of decentralization.
Anyway, being new here, how do I upvote your post?

good one sir

Cryptocurrency is the way to go for 2018

Very good, Loved the write up too! yeh its the same for me everyone asks for tips but its not that simple! lets hope the coins we Hold go up for 2018!

very crazy Year so far. But I bet 2018 will be Bhooom for crypto currency as China being a powerful country making a cryto bank.

If 2017 set an example for crypto than 2018 would be a banner year. I hope to learn from many experience crypto investors to deal with obstacles along with picking coins that are not scams. Thanks. Good luck for 2018.

good post I like your work an follow you hope you will do same for me thanks and happy new year

Interesting, thank you for you info, I am learning. Happy New Year!

Although the system looks simple, it is quite complicated in the beginning. You can think of this social network as a virtual bank that generates and uses steem.

HAPPY NEW YEAR🎉
@adedoyinwealth

Happy new year!!! You might like these new years pictures an AI produced check it out

Extraordinary recap of the year, how about we trust the pattern proceeds...
Upvoted and resteemed

Excellent summary @nanzo-scoop .... not sure how I did not know you existed until today {frown}... I have been part of the Steemit community since July 2016 and have certainly experienced ups and downs in motivation.... but I believe the coming of SMT's will really ignite the Steem rocket ship and provide a lot of that shine you are hoping for... so 2018 is my Steemit revival year. Watch this space {grin}

Predicting the next big thing in crypto is almost impossible no matter how much you know about the subject. Steem offers utility. I don't know what most of these other coins offer. Most seem like bitcoin clones.

Glad new year! 2018 will be an incredible year. What an adventure it has been with Steem. We both have seen a considerable measure over the previous year or something like that. This undertaking has shown me to such an extent. The things I have learned are worth more than any measure of cash en route. I see the world in an entirely different manner after all I have learned since beginning with Blockchains. I truly trust the world is moving into a superior place. In the expressions of the colossal Naveen Jain we as a whole should "have an outlook of plenitude". This blockchain can be a device to change the world for good and show individuals numerous things if utilized as a part of the correct way. Information is power and It will be a blockchain loaded with learning. The Steem blockchain is getting more grounded by the day. We have seen some astounding development since this blockchain began and I know this is just the begin. When we have a completely refined item it will have the capacity to do things we cannot envision yet. The expansion of SMTs into the blockchain will intrigue and will change the way we consider the web and what is conceivable. Groups and discussions are a gigantic piece of the web. The conceivable utilizations of SMTs are stunning to consider. With Steemit and Steem we are now rolling out improvements in places that need it and offering assistance to those in require. Envision what's on the horizon for us and this blockchain. We additionally have an incredible group behind this blockchain. That is one of the principle reasons I put my BTC into this task over a year prior in the wake of discovering it on the Bitcointalk gathering and faltering onto Steemit through google look through a couple of times (accidentally hunting down different things). I at that point started some examination and saw @dan talking a couple of times about Steem. At that point saw @ned talking on YouTube and on CheddarTV and knew instinctively then he was resolved to make something extraordinary. Its awesome to see designers as you doing extraordinary things for the eco framework also @exyle with things like Steemify and Blockbrothers. Cheerful New Year again @exyle - Lets take Steemit and Steem to the following level in 2018!

If you are interested, which altcoin has gained the most in 2017, I invite you to: https://steemit.com/cryptocurrency/@cryptorep/which-cryptocurrency-has-the-largest-increase-in-value-in-2017

@nanzo-scoop, when you say that the technology has a lot more going for it than just price, it just made me realize that if we focus too much on the price of a coin, we could talk ourselves out of investing in a coin that has a real use case and is here to stay and end up buying a coin that's here today and gone tomorrow.

I want you to be good for 2018

Thanks #nanzo-scoop for sharing such unique info.
Happy New Year Everyone

Steemit and the people who contribute their blogs such as yours are infinitely inspiring to people like me!
Im a minimalist , self imposed.
I had more than my fill of the establishment, and the the b.s. and lies and deception fed to us on a daily basis, so this kind of platform to is like the coming light at the end of my 63+ year long tunnel!😎

muy buen post @nanzo-scoop saludos desde Venezuela, ya te segui espero que pases por mi ultimo post y te guste mucho, saludos.