We Are Not in a Bubble - It is an Emerging Market
TLTR - This is going to change the financial markets as we know them, and speculation and some evidence below.
As you might have noticed the financial markets took an interest in Bitcoin and Blockchain Technology. Everyone is hungry to get in on the action. A news story I heard covered many times today reported that regular companies are using the words "Blockchain" in press releases to increase the value of their stocks. (link and story below)
The media is covering the frenzy, and it will come and go, but the over all impact is that we are discovering the world wants blockchain and crypto-currencies. Businesses are not ignoring that, in fact they are providing funding as they try to figure out how to capitalize from the emerging market. They are just beginning to build businesses around it. (link and story of PayPal investing below)
I still feel confident that the Global Crypto Markets have a lot of room for growth and the fact that large companies are joining the space and Wall Street wants to trade it bringing in funds and providing name recognition for the Market Space in General.
A lot of people look at this from the angle of what coins/tokens are going to win. I look at it from a Mass Adoption point of view. When there is a hot new Industry and the money comes in they bring their Organizational Networks with them. They will quickly overwhelm the current players either buying them up or replicating the technology.
What I have seen happen before at this point is those businesses start to acquire knowledge and projects that are ahead in the emerging space. I am unclear how that will play out in the Crypto space. My guess is, there will be head hunters looking for anyone with blockchain experience. There will be companies buying stake and looking to see what projects they might be able to acquire more than 51% . In some cases they will create their own companies.
The Crypto Trading Game has changed in my opinion. It isn't about which coin has the best blockchain anymore, for a short period it might even be about what companies will the big companies put money in. I promise you they will not be worried about whether or not a project was Ninja Mined. Or who "Bipped" and "segwitted". They also will not be asking if someone "Raped the Reward Pool". These issues will go back to developers which is where they belong. The question will be where are the projects that have real-use cases, end-users and functionality. As I keep saying we are winning. We really need to find our voice though to ensure we have a message, a vision and the ability to communicate it.
If you want to profit from an Emerging Market don't marry a Project, watch how the market is developing, watch for companies that are positioning themselves to win. However Steem is a great place to watch and learn, combined with real use cases and an economy which functions.
At the time of this writing:
- Market Cap: $632,995,201,755
- / 24h Vol: $45,793,740,283 / BTC Dominance: 43.7%
The Market Cap is at $600+ Billion
That is not a bubble that is money to fund and build future businesses and take Bitcoin to the next level.
Are you ready?
Sources and supporting stories
- Bitwise Asset Management closes a $4 million funding round backed by investors including Keith Rabois, David Sacks and Naval Ravikant.
- Bitwise's Hold 10 index fund, the world's first crypto-index fund, is now taking on investors.
- Hold 10 is another way to get in on the cryptocurrency craze.
https://pitchbook.com/news/articles/the-top-venture-capital-investors-in-cryptocurrency-startups
In the last two years, 179 US investors have participated in at least one VC deal for a crypto startup, according to PitchBook data. In the last week alone, Bitwise raised $4 million from Khosla Ventures, General Catalyst and others for its cryptocurrency index fund. BitGo, which helps businesses integrate cryptocurrencies into their financial systems, secured a $42.5 million Series B led by Valor Equity Partners. And bitcoin payments provider BitPay raised a $30 million Series B led by Aquiline Technology Growth.
Power Of The Blockchain Buzzword
Dennis Dick, cohost of Benzinga’s PreMarket Prep radio show and proprietary trader at Bright Trading LLC, said the buzzword-based phenomenon is unprecedented.“This stuff is nuts,” Dick said on Wednesday’s show. “...You have companies that actually have business models already put in place. They mention blockchain technology in a press release and then go up ... 700 percent in days.”In some cases, the plan isn’t even detailed — maybe not even formed.NXT-ID Inc NXTD rallied 138 percent on news of its mere intent to develop a platform converting cryptocurrency to retail-accepted currency.On Track Innovations Ltd (USA) OTIV nearly tripled after citing vague development of bitcoin capabilities on Monday, and Top Image Systems Ltd. TISA popped 45 percent on a recirculated October report mentioning mere potential to embrace blockchain.
You ain’t seen nuthin yet.
My wife’s jaw literally dropped this morning when I told her how much the value of my Steemit account had gone up in the last six weeks.
I don't know how old you are, but I remember when Yahoo and Google hit Wallstreet and everyone was confused.
What? They do not have any revenue stream, how can they be worthy of an Investment, they said. :)
I was just telling my family about that the other day. It wasn't just Yahoo and Google. The whole business model was under suspicion. Article after article after article about how these fly by night companies can't possibly survive if they're not charging for their content. Eventually, the market will force them to stop letting people access free content.
Unrelated, but in the same conversation, I also said that as soon as you hear the word "tulip" in a criticism of bitcoin or block chain, the speaker instantly loses all credibility. At that point, it's safe to stop listening to anything else the person might have to say. ; -) A six month bubble in one tiny region of the world is somehow comparable to a 9 year global rally?
I am so glad someone else remembers that time period. Nobody believed in the Internet space at first either and look at it now. There is no turning back.
Tulip... Guess what if you would have HODLed your tulip bulb you would be winning. :)
I'll never forget having my family tour my office some time around 1993, coincidentally, right after I had compiled the NCSA Mosaic browser for the first time. I tried to bring up the browser and show them how awesome this whole Internet thing was, and I didn't have the words to explain it. They were all like, "yeah, ok, whatever (yawn)..."
That's how block chain feels now.
lol... Even Amazon took a lot of shit for a long time. One always knows when we are in the right place at the right time... Everyone else things you are crazy.
I’m 62. Old enough to have seen Lee Harvey Oswald get shot on live TV.
You have exactly 1 decade on me. :)
Great post. I am just beginning to understand the power of crypto.
Surprised you didn't sneak the Adopt a Minnow Project into this post. :)
I totally should have! Hashtag "MissedOpportunity" :)
I forwarded this post to a friend who is getting into crypto. Good work.
Thx
Well said. This was a great post. Not that the other ones weren't great too.
Well, I find that the Market View doesn't do that well on SteemIt, so I usually write about other things. :)
I am glad you enjoyed it.
Excellent article and a very progressive analysis of what is happening on the crypto-currency market. You are absolutely right, Bitcoin and the rest of the crypto-currencies take up more and more space in our lives and fully adapt to a market economy. Take only the news that the Amazon wants to cooperate with the RIPPLE, and for this recognition of Japan and so on! Thank you @whatsup and keep us informed of what's happening!
@whatsup,
Few days back Japan and Korean main banks started their transactions based on XRP blockchain! So, this is the way the Blockchain is emerging to the real world use cases! So, in future we can see more enhance projects based on STEEM blockchain! I am not surprise if STEEM will get into that level! So as you said this is the best in every corner! 0.36% Network Capacity used to 1,032,338 transactions in last 24 hrs! So, just imagine how things going on! Best thing is HODL whatever you have now! It makes millions of USD in near future!
"If you want to profit from an Emerging Market don't marry a Project, watch how the market is developing, watch for companies that are positioning themselves to win."
You are absolutely correct! Well said!
Cheers~
I believe this is just the beginning. Where are the haters now huh?
Where are those people who said we were wasting our time?
Where are they now!
Look at my stick loser! Im crypto'ing it up!
Haters gonna hate.
Upvoted
12 days ago, the BTC dominance was 65%. Yesterday, BCH manipulative price hype put a dent on BTC dominance. However, BTC will dominate the market once again, that's my perspective. The best part is, STEEM and SBD are taking their due share from the market and this is good news for all of us, STEEMIANS. I've seen many people here who were making not so good money but the recent increase in STEEM and SBD has changed the whole scenario. Specially the STEEM price hit $4 mark today was the great news. Now the next question is:
Also, what's your crypto investment plan for 2018? Can you share so that we could learn from that. By the way, I wrote a simple investment plan for noobs here at Steemit today and I hope you can spare a few minutes to take a look at it. Your input on it would be encouraging.
@whatsup, Great post like all your previous ones. Keep up the awesome job.
Steem On!
Agree completely whatsup. I've been saying the same thing. When mainstream financial markets start investing in cryptos, the cryptos will boom as many people formerly afraid or ignorant of the crypto market can now get in!
Awesome post @whatsup! I never thought that SBD price would rise above 3-4 $ but this too went out of my expectations. Seeing steem and Sbd price going up had me jumping crazily, lol. I am looking forward to more surprises from Crypto market. So many new ideas, projects will make this platform one of the most revolutionary platform of the world. Steemit has power to change the world and it's alread changing lives of so many of us. ☺
Have a great time ahead! ✌
nice post, well i think it's good for the overall growth of cryptos, the more companies and investor's taking interest in blockchain technology means more rise in the price and that's great for coin holder's, we are observing now that more investor's are taking interest in steem blockchain too and the way it is growing and the potential that chain has, i am not surprised to see at least 10 to 20$ steem in very near future.
I agree. There might be a drop or two along the way, but the value of early technology is there and will be discovered.
I'm a bit scared of the crypto future.
More companies adopting the blockchain means for sure, stability and maybe a price rise, but it also brings the corruption and scammy part of the market into the game
You cant skip that. It's part of every business.
We already have scammers, it is only a matter of size. :)
I agree, a scammer with a net worth containing allot of digits can be a game changer
its hot industry too damm hot can't even touch right now with red bubble bath going on
The mass adoption is so damm high that the prices went up so quickly than never expected rate its still a beginning and will stabilize later soon
Can't it be both? The internet didn't go away after the bubble burst. It's so hard to imagine how this is going to go, or what's going on behind the scenes, but crypto surely isn't going anywhere.
Yes, except most people think bubbles pop and so they are afraid of them.
While the new things are lurking... Will DAG kill the miners?
I am not very educated on the miners. I tend to look at markets and business fundamentals and let the more technical people worry about which coin is currently being mined at a profit.
Very true. I'm sure many of the coins/blockchain technologies of today will evolve - some won't exist - there will be bumps and bangs and pops - the 'early adopters' will most likely gain more than they lose ...it's an exciting time - and I can't deny I gloat a bit when the friends I'd tried to discuss BTC with "way back" in 2012/2013 - as their eyes glazed over -call me up for advice now lol. (I know a little bit...they think I know a lot just because I know words beyond 'bitcoin' - I get my ego infusions where I can, don't judge ;-P)
I wish the nay-sayers would find something else besides "tulips" or "ponzi" to say. Emerging markets is the best description I've heard in a long time!
i think it is very profitable platform . i like bitcoin . can i resteem this post @whatsup ?
@whatsup as we can see the bright future of cryptocurrency, they should prepared some strict stratigies for the scammers so they won't even thing to do scam with someone so every one can be secured with there currency as they do there best to earn and learn!!
All of us have to keep ourselves from being scammed there is nobody here to protect you. Know what you are buying before you buy.
yes sure bro
This too! I think this is what makes so many people uneasy - you can't just one-click buy most of the crypto out there. Google "gatehub.net scam" right now - because Ripple XRP is hot, everyone is FOMO-ing and screwing up in the process by not knowing how to read. Because they didn't bother to set a trust line - or don't understand how it works - they call Gatehub a scam.
Obviously regulation is in the future - it's inevitable because that's 'Merica for you...but I kinda like being forced to figure stuff out beyond a click. Makes my brain alive lol.
@resteemed and upvote
yeah absulately......
@resteem
nice post ( Merry christmas )
Excellent. Nice Information.Thanks for the post.Upvoted and Resteemed.
Thanks for that post
its not a bubble for sure its the begging to the greatest market of all time
Hey @whatsup sir...
I'm new comer in this platform....and I'm always try learn something with every posts...
Ur analyse is very useful to me...I want stay in this crypto world...
And I realy know and trust steem can changr my future life...
Good luck...
Hey sir @whatsup
Every time your post is wonderful regarding this is a great informative and nice to get good earing. You introduce bitcoin marketing and increasing l. Keep sharing
@whatsup not a sir. She is Mam.... Lol... :D
@whatsup - Ma'm I got the point... Crypto is not a tiny project... We should not bound to a single project... This is something huge, something enormous... A good idea behind the article... Nice you decided to share it Ma'm...
+W+ [UpVoted & ReSteemed]
Great publication
Distinctive analysis
All the steemian community is blessed. This morning when I get up and check the prices of altcoins I was shocked to see the price of steem. I was so happy and my family and friends all are happy. In my view point stem will go up slowly and will stay at $5. What do you say on it dear @whatsup.
The mainstream market is now completely dissolving in the crypto world as seeing a new opportunity rise they just don't wanna miss it while others who don't wanna join just keep spreading the FUD
That's a nice post. I always pay attention to your posts, because your post contains many important information that is very valuable to me. Thank you very much for sharing this valuable post with us. I hope that you will be with us for many more valuable posts like this.
The more the money coming in the system the better it is the power will deviate from the strong ones to the more common people
steemit is a great place to watch and learn with fun with having others suggestions its cool that how cypto has come a long way
Those who will stick around it for long they would know how patience pays off even being in the bubble according to some
Hello dear @whatsup
I truly believe in this Statement that
As You said the financial markets are taking more interest in this market yeah i truly agree with you as this is a new market for many people and as soon as they heard the term bitcoin they search more and deep dive into its technology and keep it as an investment or may be as per they like to trade
Not only the Big companies for instance are taking interest in this Block chain technology recently Major Big country like INDIA announced that their bank is going to adopt the blockchain technology for the system and soon will implement it on the large scale.
So its just a beginning where even the centralized power like banks who are the main competitors of these new market are also going to be friendly with them.
I don't feel i can say this better than you as you said it ...but 2018 is the year which will decide the fate of crypto currencies all over the world.
Couldn't deny this fact take you post as an example came to learn many new different things from others people point of view and could see a one platform how it is growing along with understanding different things at a single time. The market cap will hit the Trillions of dollar in a matter of days or less than a month i guess at this pace of growth then it will be interesting to see how it goes from then on.
Are you ready?
Absolutely!!! Everyone is so pumped up about this Thing it like having a lost opportunity back in hands and no one wanna miss out on this one for sure !!
With that being said would like to conclude it by saying thanks for sharing this post with lot of information and knowledge you had on this subject with great content and links from your research.
Have an Amazing weekend Ahead !!
Cheers.
bubble making millionaires out of now where if this is a bubble we will do one more hard fork for free cash lol ;)
the power of blockchain is not yet discovered by many
the bubble just popping up and down with time
lol - if this is not the you do not like to be consulted feel free to mute my posts.