The pioneers of bitcoin saw little growth over the past few years. Besides the shitcoin pump and dumps there was little to no action. Ethereum recently brought a new light to the blockchain scene and got things moving. A few other noticeable blockchain technologies with functional applications such as Steemit emerged.
For People who have ben around the blockchain scene for a while now, the recent market cap boner might be overwhelming. We can't keep up with everything going on. Even though we were expecting this, we have hard time dealing with such change. Hands get weak.
We have to keep in mind here that for the new guys that are pouring new capital is more than a safe bet. This is not a pump and dumb for them. We might have gotten into cryptos knowing their high-risk nature but for investment firms and large corporate conglomerates this is no joke. We are talking about 80 billion dollars being invested from the largest companies around the world in a matter of few months. They are barely tipping their toes in.
Bubble? What Bubble? We haven't even start chewing the gum yet.
It is understandable for the technical analysis crystal ballers to equivocate their charts with those of past bubbles. Patternicity though (a massive cognitive bias) is never your friend. Even if current whales start cashing out, there is massive interest and capital pouring in.
This is not like Bitcoin hitting $1000 for the first time. We are talking about a new industry that will transform the world. It is understandable that is quite hard to take all this in but the evidence is all there. Remember. Blockchain technologies are not perfect. Far from it. They are just more efficient than what we already have. Even if you hate crypto-currencies, you can't deny this fact.
I am known to be skeptical for just about everything. I got into cryptocurrencies mostly because of ideological reasons. I saw the flaws of the current system and was researching alternatives. From the time I stumbled upon bitcoin it made sense to me that the future would be revolved around digital currencies.
At the same time I understood that it was going to take some time. So many decades after the invention of the ATM and some people would still tangle up their balls trying to get money out. The enemy of blockchain technologies was never whales, speculators, crooks and online assholes. It was the complexity of interface and overall usage. This is where the second blockchain wave came in and brought solutions with easy to use wallets. Now a noob can have his phone set up and with a press of a button can send digital money.
There is no moon here so we can cash out. When we truly reach the moon level we so desire, we won't have to. Cryptocurrencies will be widely accepted everywhere and circulating in just about every corner. There will be massive liquidity and constant growth. They will be more stable than any other fiat currency due to their sheer volume and functional variety.
Many people don't realize that a dollar is much like a euro. At the end of the day is just primitive debt notes of exchange. Compare those with smart contract technology and you can understand quite easy how obsolete they are. In addition to this, most national economies are struggling. They too need a way out from this economic clustefuck. A small hiccup from China for example (which is imminent) will make the current market cap look like lunch money. So yeah. Fuck it. We are headed for the sun either we like it or not.
"There is no moon here so we can cash out. When we truly reach the moon level we so desire, we won't have to. Cryptocurrencies will be widely accepted everywhere and circulating in just about every corner. There will be massive liquidity and constant growth. They will be more stable than any other fiat currency due to their sheer volume and functional variety."
You tell here something that most peoples don't understand yet... People still comparing cryptos to dollars (and other fiat money), but there is so much a big difference between them that is finally not a good way to look at the ture value of a numeric token.
yeap. this is why it is so important to hold and be patient.
My plan is just hold my Crypto. All tools are not ready yet. That alone is strong sign that we are all early birds here and we gonna be the ones shitting golden bricks, like guy on your picture from one of your comments. They all gonna want to jump on Crypto wagon latter, specially governments. They like money the most. We'll win, my friend.
of-course we will . i am also loving the current corrections. they create an excellent support.
For some reason, I knew it was gonna be epic yesterday already.
This I should be both a great reminder and a very efficient argument against those who resort to ridicule anything that is new.
P.S: This I will quote you for someday soon "Bubble? What Bubble? We haven't even start chewing the gum yet." Brilliant.
Yeap, This is no meager 1% market cap P&D like we've seen in the past.
quote freely
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Is this a bot?
It's more a cyborg than a bot ;)
Stop being so sexy. I can't contain myself.
we need a steemit logo right up that tail bone
hahahah thats it....... i'm investing
Very nice post. Answered a couple of questions for me.
glad to be of help
Love your post... Thanks for sharing
Upvoted for the title alone!
Thanks @kyriacos I've got a newb question for you if you don't mind. :)
If I keep all of my steem in steempower, do I still benefit from the rising price? Or do I have to keep some of my steem in steem in order to do that? Thanks again!
Due to the fact that that we are still in beta and the markets are also quite volatile I would say to keep your steempower untouched unless you want to trade your steem now. I have never powered down since last year that I joined and only powered up. I tried to power down the other day just to see the process. You can do the same. You just have to wait a week. 10% of your steempower will be converted into Steem. You can power up right after if you want.
OK. Thank you!
np. any time.
You mean NOT perfect?
LOL! I am invested in cryptos little by little and it feels great. :)
thank you. corrected the typo.
hodl man. hodl strong!
My biggest fear is I will grow older hodling.
Really.
You are an early adopter. you won't be,
Thank you for the faith. I did a noob move by selling bitcoin in 2013. Was in my early twenties. Now in mids... and wish to hodl smartly. :)
there you go :)
Interesting perspective, thanks for the post :)
i despise the word "interesting" :)
Nice read mate! I hope htis comes to pass.
Btw, do you ever get flagged for swearing? Just curious as I'm still a noob here .
Thanks for the good post :)
I got a couple of flags in the past but I think its ok. We will find out :)
The point of Steemit is freedom of expression. (unlike other platforms). I find it quite absurd that we still treat some words much like the Spanish Acquisition treated sinners in the middle ages...
Thanks for the heads up. I have a friend who thinks he's being flagged on the back end. Maybe getting low payouts. Is this a thing? I suggested to him that is was probably low steem power voting that contributed to his low payouts.
Maybe he was offending someone on purpose? There are a couple of bots i think that might flag randomly but I don't think this is a regular thing. What's you friend's handle? (name)
Well I don't want to talk about it in public yet. I'll ask him first if he's ok with that. It made me a bit paranoid when he told me. I was getting some really low payouts of just 2 cents for some recent posts. But I think it's just a common thing for us noobs. So much to learn on here...
yes. the low payouts are because he is just came. I was getting the same last year. It takes effort and dedication but anyone can reach a good level in a year's time.
That's good to know! I teally had to think of some strategies to get my first couple of big payout posts. Hope it gets easier in a year.
You'll not gonna be flagged just for swearing here on steemit.
Ok cool
This is a Fantastic and very Thoughtful Post. We Followed and ReSteemed and look forward to reading your future posts.
thank you. glad you liked it
I agree! There is nothing else out there like Steem and this platform. Followed
Indeed, once the investors find out about it the will be pooring in it like crazy.
Great post. Nice work ^^
thank you
STEEM is a long hold, for sure. I reluctantly had to power down and sell a little earlier on in this year, due to falling on more difficult times, however, things are slowly starting to turn around more positively for me, so I've been able to start trading my STEEM back in the crypto markets lately. Exciting times ahead for STEEM/Steemit/Steemians :)
Indeed, patience will prove to be one of the most valuable commodities in the crypto-sphere.
I'm in!
Upvoted
right on
Steem to the Moon and then to the Sun?
nuh. Straight to the sun. We need the fuel to conquer the galaxy
Set the controls for the heart of the sun.
done.
awesome post ;)
glad you enjoyed it :)
nice post
steem will be on the top @kyriacos real soon !
Thank you, good to hear that optimism!! upvoted and look forward to reading more posts.
thank you . will deliver
Excellent post, cheers.
That's the coolest meme around!
I use it all the time!!
oh you better
great post man, much better than mine. don't quote me on this! :P
oh I will screencap the shit out of it :D
The cryptocurrency market is still small and it can go much much higgher.
yeah. i expect 1.5 trillion by 2020. at least.
You are dreaming a bit. Facebook has not even that marketcap and not everybody has a cellphone.
Maybe in 10 years. I think it will go higher but I don't know how much.
Doesn't matter. We are talking about the entirety of cryptos here. Not just steem
I love this post man!
glad you do
The rich will get richer, as always.
"we haven't even started to chew gum yet",,, good line! (-: peace