Actually, we already did.
Over the last few weeks, we have seen the @dan blockchains really take off.
EOS went from about $5 to its present price of $20. This is an amazing move considering the fact that EOS is still more than a month away from its release.
While that was happening, STEEM, the social media blockchain, went from sub $2 to over $5 before settling back into the $4.20 range.
Finally, BTS bottomed at about $.10 and shot up to $.35 today. This is more than a triple in less than a month.
I will acknowledge that the entire cryptocurrency market moved up with most tokens bouncing off their lows. It certainly was a rough few months in 2018 for the HODLers of cryptocurrency. However, perhaps we are seeing a turning point.
It is easy to buy into FUD or hype, depending upon which direction things are moving. Nevertheless, there comes a time when newer technologies have to perform. While the entire blockchain world is still very young, it is far enough along where promises need to be met. People are investing real money into these technologies and are expecting results.
For this reason, the @dan blockchains might start to receive some more attention. As those of us on STEEM regularly allude to, having a blockchain capable of doing upwards towards 100K transactions per second gives a great deal of confidence to those who are starting to develop applications for it. The same holds true for Bitshares. One only need to look at blocktivity.info to see what is happening.
Each day, BTC and ETH are gassed. They consistently have a backlog of transactions to process. ETH was totally spent by CryptoKitties. This does not happen on either STEEM or Bitshares. Both of these blockchains are processing a lot more transactions each day while still using less than 1% of the total capability of the network. This is absolutely mind-blowing.
The first quarter of 2018 experienced a couple of things. The first was a FUD attack never seen on the industry. We saw the bankster inspired guns coming out in full force. The usual demonizers of CNBC and Bloomberg came out on almost a daily basis. The attack was focused, consistent, and effective. The price movement reflected this.
What received less attention was the development. Even the blockchains that are trying to scale up, BTC and ETH in particular, made advancements that was unnoticed because of the barrage of negativity. Of course, STEEM and Bitshares saw massive amounts of development that are taking each of those blockchains to the next level.
I do not pay much attention to things of this nature but, in the blockchain world, @dan has to be acquiring quite a reputation. It does not take a genius to figure out that a guy who created the two blockchains that are processing more than 2/3 of all the transactions in the world while not even breathing hard is worth watching. Both blockchains were able to fly under the radar in terms of market focus but that might be changing.
When it comes to being able to perform, both these blockchains are able to do that. @stan is making headway convincing companies that are presently on other blockchains having performance issues to switch to Bitshares. This will only increase as these blockchains start to receive attention for being able to deliver on what is promised.
Finally, the micropayment world is starting to receive some insight into the potential of blockchain. Third world nations stand to benefit a great deal from this ability. Sending .001 of something is possible with these blockchains, not so much in the fiat world. Since STEEM has zero direct transactoin fees, this means sending small amounts of money to those in the poorer nations is now possible. This is an aspect to the STEEM blockchain that few focus upon.
While it was designed as a social media platform, STEEM is able to process many microtransactions in ways other blockchains cannot. Not only does this have possibilities in the microfunding arena, it could also transform the advertising world. Imagine, instead of spending money to reach 50K through an ad, a company sends .001 to the same people.
None of this information is new to people who are on STEEM or invested in any of these blockchains. However, are we at the point where others are starting to catch on? Is the word starting to get out about the potential of each of these blockchains? We already know that EOS is garnering a great deal of money because of the prospects for what it does. Perhaps STEEM and Bitshares are emerging to complete the trifecta in the eyes of others on the outside.
We will see if the pricing action of the market continue along these lines.
If you found this article informative, please give it an upvore and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
Pictures by Google Images
These guys are the "hot" items in the market right now, and it's not P&D hot either - it's steady sustainable price increases that shows us that the market likes them! There's no better confirmation of an investment decision than seeing that the market agrees with you!
The best part is that there is still a lot more growth to be had. June and July are going to be crazy.
I'll just keep posting this until I get proved wrong.
@edicted do you plan to switch to fiat during the later summer months? might be good from a trading perspective... cash out and buy back in on a low. last summer was brutal! :O
Lol.. last summer was great for me... I didn't even know what I was getting into but still kept buying STEEM
Steem and EOS will be my HODL coins. I'm willing to take the loss. I like to swing trade Litecoin, which sadly is one of the worst performing coins right now. When I see a big spike in the market (40% or more) I will move 10%-20% of my Litecoin holdings. spike up: sell 10%, spike down: buy 10%. I used to just go all in but the variance you get from doing that is aggravating.
Even though Steem and EOS are my hodl coins I'll probably not power up while they are spiking up... just turn all SBD into fiat during those months and reinvest during September.
Even with the long ICO that EOS is doing people are just excited about it.
And although dan is concentrating on EOS he has plans for bitshares.
Now Steem is eagerly awaiting Hive and SMT anfd we may experience another bull run!
Any idea what his plans are with Bitshares?
I know that @stan has some ideas and have the "bench" team working on some ideas....but I hadnt heard that @dan was involved with anything.
I think the recent ramp up in EOS is good news for STEEM - people will start to learn more about @dan from EOS's recent run of form and top 5 market cap and start to wonder what else he's been involved in....
God bless Dan and Stan Larimer! Truly making the world a better place!
Being from a third world country, I can tell you that Steemit is a blessing in disguise for us :D
I can see that...that is why I dedicated my efforts this year to both STEEM and Manna...both are of great help to those in third world nations.
If you havent signed up for Manna, I suggest you do...you can use the link at the bottom of the post to get yourself 50% extra Manna for the first 12 months.
I'm somehow skeptical about providing all my details. I'd have signed up for manna long ago if not for that one factor.
It really is amazing. I mean, I use Steemit & Bitshares almost every day! And I would use the coins more if they were more widely accepted. I can't imagine what EOS is going to bring to the party!?!!! Thanks for your unbridled optimism @taskmaster4450!!
It is looking very very promising EOS levels are levels I was honestly unsure we would see and has totally blown my mind right now lol
I do love the fact that bitshares is catching on to me that site and the tokens that make it up have come a very long way from when it was valued at just $0.07 a coin.
Agreed...and @stan seems to think they are going to be able to tie BTS and EOS together and have BTS projected into each EOS blockchain created.
Well both systems use the same underlying chain (graphene) so compatibility would seem to be a very strong possibility if the intent is there!!
What i want to know, is the near future of @dan coins. I feel we have seen their move for this quarter, and now other cryptos will make their moves.
But then, EOS is going to go live, and that will generate some movement.
So, i really do not know. What are your expectations?
I appreciate that you highlight the fact that there are no direct transaction costs to sending money to someone. Especially when getting it to the 3rd world, this is very helpful.
I think you wrote a while ago about how aid groups in Africa are using retina scans to allow people to buy supplies. What if they used SBD? Then it would be even easier to get real world supplies from the Steem blockchain!
This is exactly why we need a whitelist for wallet transactions. According to the Steemit guidelines, you're not supposed to use the wallet for advertisements, yet we see it often. It will get much worse if companies come in and start sending out mass transactions to people. The purpose of the wallet (keeping track of transactions) will have been hijacked by spammers. Hopefully this will get fixed before more mainstream companies get on board.
New term, the @danic-boom?!
Watching the rise of EOS has been a blast, I only have enough money to buy 5. I wish I had more BTS, Im a HUGE fan of block trades.
It would be a life changing experience if we there’s a dan explosion, it’s what we all hope for
just awsome post sir..i just want to tell u tht u always shared an infrmative thing which we needed...I also agree with sir # edicted...😎
Thnxxx fr sharing...👌
hopefully steem will be top 1 crypt once upon a time. best wish for steem
Wait and see STEEM will be in top 10 coins very soon
thanks for good information
It is great news all steemit .Steemit price increasing ..
Steem is the real deal
esperemos que sea la primera
very good post, thanks for sharing
Coins mentioned in post:
Oh yeah! It's Official - FOMO has began..
Every day cryptocurrencies have more acceptance in the world, therefore, a greater number of transactions are carried out, resulting in an increase in them. I am very happy every time the STEEM rises, I hope it continues to do so!
I'm really glad to see the upswing of Steem and trying to bring more onto the platform. One new recruit last week :)
Sure wish I bought more EOS !
Triple Header is set for a home run!
But what are the differences between bitshares and eos?
Steem has it's clear goal (social media token) but I don't see it for the other 2.
You're on the @abusereports naughty list! Bad Steemian!