So I have been off of steemit for a while as the crypto prices plunged into the apocalyptic abyss everyone was crying about. For us intelligent and patient people, who have been with Crypto for several years, this was our hibernation period. We stored up as much as we could during the beginning of the "end of the world" for cryptos and let me tell you guys, our hibernation period is almost over!
I am starting to see the break in the metaphoric snow and the crypto spring is almost upon us. Monitoring the trends, yes we are exiting the correction period and prices are starting to return to a moderate level. If we maintain a lower pace of increase this time I doubt, barring any government intervention, we will have a large crash like that again. I mentioned government intervention because as we may like to keep our money hidden, we also do not care for jail time or unfair tax implications. So those who sell to avoid the aforementioned government intervention, I have sympathy for them but do not call them unwise like the people who panic sell.
So why do I think we are in a very large upswing? Well first off reading the news lately, as I start to wake up from my 3 month hibernation, I see pornhub involved with XVG. XVG was great before, especially when we profited off McAfee's public endorsement on twitter, but now to involve itself with the large multinational enterprise of porn (a service that will never be going away) is a huge step. I don't really care if you dislike porn, pretend it is too good for you, are a closet porn watcher, or watch it everyday the fact of the matter is that porn is a huge profit generator. Now to add crypto's security to those actor/actresses is probably going to be very helpful to those trying not to be stalked down when they go out on the street.
Now BTC is trying to hit that 10k USD mark once again, but it's stepcousin LTC is racing to it's prime once again at a seemingly faster rate. Then we have ETC splitting last month and creating another token thus increasing the inherent value. The more widespread adoption of these cryptos is beginning to show the world that our hidden trading society is now something we are willing to share, for a price. Bitpay allowing brick and mortar stores to accept coin payments without the volatile risk, by directly exchanging at the time of service. Even the scum of the Earth, George Soros (he who shall not be named), is buying in to the coins. But the one that hit home for me is USAA, a credit union, connection to a coinbase account to show your value with your other assets.
I don't keep money in coinbase because I don't like the 1099s they may send eventually... but I do think this is a cool trick for those who are just getting in... I guess it will be a matter of time before we will be asked at the register "Cash, Check, Card or Crypto?"
Coins mentioned in post:
This is a great robot! kudos to the creator.
This post is resteemed and upvoted by @bestboom
Im new in steemit please upvote me
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STOPThanks, that is pretty in depth and almost intimidating! I will have to take a look at that.