RE: It's been a bad week to own cryptocurrency

[jondoe]

Good thoughts there, can't say I disagree. If you are right, we could see some blood letting for a few more months yet?

Comments

[miroslavm]

I am more inclined to believe in several waves of growth before the actual boom. January 31st we will see the KodakCoin ICO. This is a revolutionary event for at least two reasons:

• A new blockchain which is built by a major non-fiancial corporation.
• A blockchain that actually adds real value other than tokens.

This will spur the first wave of growth. BTC and altcoins will grow too, but not much. The focus will be on blockchains, not tokens. Those tokens backed by really useful blockchains which can find a wide application in everyday life and business will explode. And we will see a big growth in proof-of-stake and hybrid coins.

"Proof of contribution" which is the model of Steem will have a great future. Steem is, as to my knowledge the largest and most known BC that rewards its users for active participation and sharing knowledge, rather than "mining".