I agree with you and think you hit the nail on the head. It is difficult to not be greedy and think about the quick profit. I think the media as always is miss guiding people and giving them the intention of it being a new sort of investment. I think the only investment maybe for the decentralized coins. It gives you full control of you assets instead of a 3rd party. I feel as though that is what crypto is about. The blockchain technology is the golden nugget that most people do not understand.
Which touches back on your subject of it being an tech bubble and I agree. There are not many uses for a lot of these coins and most will never be traded daily for commodities. Not saying anything bad about any of the coins, I just do not think people do their due diligence and have an misconception about their utility. I am a complete newbie and only know what I have educated myself on, but the speculation behind these coins are phenomenal. We are living in a crazy time, it is very interesting to see a change come to fiat for this first time in about 200 years.
I think that Steemit and the tech behind it will revolutionize social media though. There will be many changes to come in many different fields. Like I said, blockchain is the golden nugget.
Yes!
Fon’t rush things. We will keep having plenty of opporunities to grow our wealth, especially on robust technologies. Better donit slow and steady than rushing into it and learning through harsh mistakes.
Exactly. People should do their due diligence first and fore most.