One thing is sure... Bitcoin is the driving force in the entire emerging crypto marketplace. Once Bitcoin recovers Steem is going to receive a boost in price.
I think we may even have a jump that is higher than expected because Steemit is a social platform. When people talk about Bitcoin they are going to be doing it here on Steemit.
I see this as a catalyst to mass adoption and when we reach a tipping point it could mean Steem will be incredibly valuable.
I'm very worried that if someday something happens to the whole crypto world , then Don't know what happens because according to me the whole system very very overpriced. See If i want to use Bitcoins as exchange for something then it should not be priced at 8000$ and if have Bitcoin priced at 7000$ today it should not be 6000$ or 8000$ tomorrow. Somewhere it seems unsustainable for me according to valuation of various cryptos. When they become normal I want to see the participants in whole crypto platforms😀😀
The way I see it is right now the crypto markets are just emerging. For the first time in human history we have a way to vote financially for the future we want in a decentralized way... after thousands of years of centralized control.
To be honest I don’t really care what the fiat price is... the only reason people care about this is because:
A) They have fiat as their main holdings.
B) Their positions in relation to that fiat is upside down. They bought at the top of the market rather than the bottom.
C) The haven’t examined the fundamentals of what technology like Bitcoin is designed to do... become money. So they are attempting to increase their amounts of old world money rather than move with the wealth transfer into the new money.
This is a special time in human history and I believe that time will show us this.
So yeah... I’m not worried about the price at all... Andreas Antonopoulos explains this so eloquently in his latest video:
Thanks for sharing the video. I will watch it completely in the evening. I read somewhere in the internet that around 73% of the people actually don't know what is block chain technology and what are cryptos and how it is advantageous when compared to old exchange system but they still invest in it hoping to become rich in days.....Lot of speculation....Even I don't know completely....Do you any suggestions where I can learn about cryptos and block chain technology.....I want to know from very basics...in layman terms😊😊
Yeah! If 73% of people don't understand crypto currency... How many people actually understand government issued money? People use fiat every single day... It's one part of every transaction they make... But how many people have taken the time to understand how what they consider money actually works... let alone crypto currency.
It's good to be in this space because it means that we are still very early and there is a lot of opportunity especially here on Steemit. If we can become a major credible source of community and information then not only are we educating people we are also going to be able to completely change the way we receive income. Brilliant if you ask me!
Can't agree more ✌️✌️