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RE: How Are You Feeling About Crypto Today?

in #busy7 years ago

Hi Emmyem. Ironically I feel optimistic. After months of skepticism the more I learn and go down this rabbit hole the more excited I am. I have been dabbling in day trading (more like swing trading, lol) and am starting to get the hang of it. I have slowly been researching coins, and a few of them are really leaving me in the wow zone. And of course there is Steemit, the platform that was enticing enough to help me over my skepticism.

Like with all things, coins are going through their growing pains, various groups are staking their positions. Don't let any of that dissuade you. I do believe a few things on this.

The first, Bitcoin will at some point not be the dominant coin. I don't see how it can be, when it is more expensive to transact and offers less that a newer coin like Ethereum, which is so much more than a coin. Bitcoin is supposed to be a currency, but for the most part it is like having Canadian money in your pocket but you aren't in Canada.

Second, we have some amazing ingenuity amidst all the shit coins, partnerships with gaming, writers (this one I discovered yesterday and it has me so geeked out), and of course Steemit. The social platform that is for the people and not the rich guy in the mansion to sell your most private thoughts you share. Now it is you who have the opportunity to profit from sharing your private thoughts, while having a real say in ideas and structure.

You see companies wanting in, I even read Amazon is floating the idea of their own coin. Robinhood is now in crypto, it is going to grow. Don't let momentary downturns get to you. I believe some of this is being caused by whales to be blunt, and when they tear down their walls all of the hodlers will feel so euphoric as the coins climb to the skies again.

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Thanks for your comment @practicalthought !I like that you are being optimistic, I guess that's the weird part about me and my thoughts about crypto! I also think that cryptos are becoming more mainstream! Maybe im also just a worrier and its in my nature to think the worst. Who knows!