Cryptocurrency has made people go bananas.

in #cryptocurrency7 years ago (edited)

I dove head first into the crypto world on December 30, 2017 after having heard from a few friends that had invested a few thousand dollars over the summer of 2017 to find themselves sitting on tens of thousands of dollars all of a sudden. Four and a half months later, countless hours digesting as much information as I can, and with a portfolio 35% down, I am more excited than ever for the future of this space. Although, being down is never fun, I have learned countless lessons and most importantly, I didn't put in any money I couldn't afford to lose. (Not saying it wouldn't sting a bit, but doesn't anything worth doing have that problem?)

Anyone in the tech space had heard about Bitcoin and cryptocurrency and maybe even understood the finer technical details, but the jaw-dropping bull run at the end of 2017 made even the most skeptical among us have to pay attention to what was going on. The infographic below shows the scale of the alt coin market explosion in 2017 and the decline of BTC dominance to the first time it had ever gone below 50 percent.

Now that we have come back down to earth and BTC is now below it's 200 day moving average (and has been for a good several days), it's continuously looking more probable that money will come flooding back into the market in the coming months. At its peak, total market cap in crypto was around 820 Billion USD, and we are now down around 324 Billion USD. How soon will we get back to 800 Billion and beyond? Your guess is as good as mine, and don't let anyone tell you they know exactly when things will skyrocket again.

now to my main point...

People have gone B-A-N-A-N-A-S

... But I don't mean that in a bad way.

People have gone bananas realizing that they can utilize coins and tokens to get in on the ground floor of projects that will revolutionize the world.

People have gone bananas realizing that banks no longer will control their financial futures.

Young people have gone bananas realizing that investing their money in these digital assets will help secure their financial freedom. More people are feeling confident that they can build something for themselves through these technologies.

This is a brain virus that will capture the imagination of billions.

The technological barrier of entry will continue to drop and we will see direct fiat pairs to a wide variety of coins and tokens. Exchanges will quickly raise their security procedures to an acceptable level as we head towards fully decentralized exchanges. People will be able to learn how to become their own bank. It will be much like when we hid money under our mattresses but this time we have cryptography on our side. We will see an exorbitant amount of money come into this space in the coming years, because people want to control and invest money as they see fit.

Finally...

Vires in numeris. Strength in numbers.

vires-e1411423579688_1024x.jpg
credit: https://cryptograffiti.com/collections/fine-art/products/vires-in-numeris-2014

Donations Welcome

Nano Address: xrb_3b39jj7fzrtie6tb195986ghy9mi1uc75kq9fo5u1oy8dam3bdx5ua96nuus

Sort:  

People have gone bananas realizing that banks no longer will control their financial futures.

Bananas in pajamas - click. But your post was very profound. The more scammy ads appear on youtube, the more people study and join in on crypto thinking. Banks are goners.

I thought a little click bait wouldn't hurt! But glad you took a read as well. There are too many projects that people will be much more willing to use when they come to fruition. Will continue to keep posting stuff like this so thanks for reading and please follow :)

Welcome to the platform. Nice to meet you as well. We happy to have you here!

I am very happy with your presence in Steemit. I wish you the best! Hope you gonna have fun with our community and see you soon.

Here are link you might find useful:

http://www.steemapps.info/

This blog is a list of the best web apps interconnected to Steem Blockchain. Moreover, any useful feedback on our blog would get back a shared reward. (COMING SOON)


Kind Regards,
@lytieulong

Nice post , as to when who knows ! I’m 14 so I really hope it happens as I finish school in about 10 years . That would be an amazing way to start life . Regardless of what happens I think this is an experience I’ll always remember .

Invest wisely and you will be golden. I don't even think it will take 10 years :)

#introduceyourself/#introducemyself

The “introduceyourself/introducemyself” tag is for creating one introductory post that tells us about you. Users are encouraged to use this tag exclusively for that, and not to reuse it.

@gupta9, welcome and congratulations on making your first post! I gave you a $.05 vote! If you would be so kind to give me a follow in return, that would be most kind of you!!

Done. Thank you kind bot sir.

Thank you, more to come!

Welcome to Steemit! I hope you’ll enjoy being here as much as I do.

Bananas In Pajamas! That's a classic! The crypto world is definitely a roller-coaster. It's down now, but starting to climb once again!

You might find these YouTube videos useful. They are created specifically to help new Steemers grow and be successful on Steemit and will be posted on the @steemitvideos account as well.

How To Write A Good Intro Post

All The Best!
Spencer Coffman
My Latest Article: Importance of Saying No

Love bananas hehe but hate Bananas Republic Disease which is killing people in the USA and in other countries and we got to do stuff or else haha.

Welcome to Steem Community @gupta9! As a gentle reminder, please keep your master password safe. The best practise is to use your private posting key to login to Steemit when posting; and the private active key for wallet related transactions.

In the New Steemians project, we help new members of steem by education and resteeeming their articles. Get your articles resteemed too for maximum exposure. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch