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RE: Crazy things happening in Crypto World Lately!
Crazy, indeed. Never seen anything like this in my lifetime. Honesty, this could be the best of times and the worst of times.
This is going to either turn out to be the biggest mania in history, or a revolutionary moment of profound change in how humans transact with each other...
Either way, it's a great time to be alive...
If you are like me you lived through the dot com days. This is the biggest thing since then and I fully believe it is a real revolution.
I agree. I also think it will be the biggest transfer of wealth that I am going to witness in my lifetime. I think it will be bigger than the dot com days.
No where near the dot com Bubble, crypto is no where near in a bubble. For it to be a bubble you need many many more backers involved. A tiny percentage of people are in crypto compared to the tech stocks of 2000
This is exactly the reason why I think it will be bigger. Only a small % of people even know about it at this point. :)
I agree, I've been asking in tech shops and friends in IT..they havent a clue about it, a word they're begining to recognise.
Welcome to Steemit @fodhla!
I have run the exact same type of experiment with friends and family in IT. Many have heard of Bitcoin, most don't understand it or the potential efficiencies that can be achieved by using blockchain technology in businesses. They certainly have been unaware that there are other coins available besides Bitcoin.
Last Friday, a news paper article ran in the Toronto Star (which is a large national newspaper in Canada). It talked about the explosion in the cryptocoin market.
Here's the article:
https://www.thestar.com/business/tech_news/2017/06/09/demand-surges-for-digital-coins-as-risks-rewards-climb.html
Our nephew who is in his late 20's and works in the computer technology industry basically felt that because it was showing up in the newspaper, he had missed "the window" to make currency in crypto.
I don't agree at all, I think the opportunity is stronger than ever because hardly anyone knows about it or even has the skills to work through all the steps of exchanging fiat, buying cryptos on an exchange and then, storing them in a wallet.
I think until that whole process is streamlined we won't have mass adoption.
Couldn't agree more. A big barrier for the people I've spoken to seems to be their emotions around it and what it symbolises to them...an unfamiliar, scary and more detached world in which they have less control. I think there's alot being projected onto the cryptos and that may be working in early birds' favour! Those of us projecting hope onto it are happy to engage!
You are absolutely right! All of us earlier adopters "get it" and are projecting positive change into all of our actions, whether we are education people about Steemit or how the crypto-world works. We know the current system is not in our control and are thrilled to find something that is giving us our power back.
grow time
Was the hype similar? Maybe you and I could do a little interview comparing the two on my youtube channel. Let me know if you are interested cqdx!
Back in the dot com hype a lot of shallow and dubious online companies / websites were formed. They got a lot of funding but in the end had nothing to show for it. In the world of crypto currencies, an analogy would be the countless sh**coins that show up fast, get pumped, dumped, and are gone just about as fast.
it will all end in tears, but that is how just about everything ends.
We have to map out our escape plans with survival in mind. In the mean time, BTFD!
i think usa gonna burn before it can get better
The banks will be first in line.
Think it will be a mixed bag. Some people will lose, others will gain. My worry is for people that borrow to get into cyrpto, see this I wrote earlier today
Crazy stuff going on really!!!
Heard about #Digibyte plummeting too? I'm sure you did. I had some DGB on Poloniex and was expecting it to go to the moon. It went inside the Earth crust, reached mantle and now is in the outer core of the mother Earth. Lol
#Ethereum crossing $300 is bigggg and as compared to #BTC's rise, Eth's rise is far greater and must have filled some pockets already.
#Bitshares skyrocketed too and still going strong. Too bad I could buy any when I could.
Thanks for sharing the info and I've followed you to stay tuned!
Same thing happened to me brother. I cut my loses from DGB and made it all up in Bitshares. Bitshares and STEEMIT are great because they are both so strong fundamentally and are undervalued. I'm using them as safe havens, that also let me profit. I'm long on both, and I havent found a reason to move out of either. BTS will be over a dollar once this exodus from fiat dollar systems starts to really rev up here soon.
Yes Crypto is getting very big this year :)