I agree we are in interesting times with Steem as we speak. Last week it was pump and for some also dump time in crypto land, and also Steem benefited but lost on it again, however keeping a much higher net result (18ct instead of 6/7ct a week before). Question is: is it 1) pump/dump, 2) shift from BTC to other ALT-coins and/or 3) new FIAT flowing into crypto land? I think to believe the later 2.
Maybe because of EFT thing around Bitcoin, a wider audience of investors are now drawn to crypto land. Last Sunday in one of these Dutch TV investors programs, I saw some more or less traditional investors talking about crypto to be in, not directly in shares to the companies, or buying crypto as a currency, but through trackers. We are talking about investors who invest at the major stock exchanges; A good sign to me more money will be flowing into crypto currencies, from people with deep pockets. Even if it are trackers now, crypto getting attention from a wider audience of investors.
Really good observation. I would say both 2 & 3
I think what we are seeing is what we were expecting. The crypto world is levelling. BTC is losing its power and other cryptos are rising (eth, dash, ...)
We were all shocked when eth reached 1M last year and now it seems just another news that it is valued at 4M. Dash is the ETH of 2016. This year is not over yet and things are accelerating. I would bet we'll see a bunch more crypto hitting hundreds of millions this year. Hopefully graphene chains, these are my preferred ones ;)
Am quite a newbie in crypto land. Do not know what Graphene based is, but Steem is based on that, right? The other day I was watching some stuff around PIVX, they seem to be even better than Dash, although it was said it solved a potential issue Dash may run into, but at this stage very theoretical. At least Dash gets quite a lot of attention on the exchanges, and they have some very good marketing material pushed into the world, that helps them in their attractiveness I believe. I can not wait until Steem is ready to go for a big market push as well, with a brilliant marketing campaign I hope.
The chief engineer of Steem (Dan Larimer) created first created BitShares, the first Graphene chain ( http://coinmarketcap.com/currencies/bitshares/ )
Then he created Steem. Much easier to promote a social platform than a decentralised exchange but the sleeping giant BitShares is slowly waking up and he will rock the crypto world. ( http://coinmarketcap.com/currencies/bitshares/ )
There is also a small but promising graphene chain called MUSE ( http://coinmarketcap.com/currencies/bitshares-music/ )
The last one is PEERPLAYS, they are running their ICO at the moment. Already 4.2 million in ;)
( https://www.peerplays.com/ )
The chief engineer of Steem (Dan Larimer) created first created BitShares, the first Graphene chain ( http://coinmarketcap.com/currencies/bitshares/ )
Then he created Steem. Much easier to promote a social platform than a decentralised exchange but the sleeping giant BitShares is slowly waking up and he will rock the crypto world. ( http://coinmarketcap.com/currencies/bitshares/ )
There is also a small but promising graphene chain called MUSE ( http://coinmarketcap.com/currencies/bitshares-music/ )
The last one is PEERPLAYS, they are running their ICO at the moment. Already 4.2 million in ;)
( https://www.peerplays.com/ )
You can't find better technology in the crypto world at the moment, these chains are technologically much ahead ETH, Dash and others. Nobody seems to notice that but it's slowly getting there.
Thanks for your insights and info on Graphene; Inspiring! I'll for sure research Graphene better to understand myself what makes it so great and will have a closer look at the cryptos you mentioned. Super!
You're very welcome sir ^^