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RE: Crazy things happening in Crypto World Lately!
No where near the dot com Bubble, crypto is no where near in a bubble. For it to be a bubble you need many many more backers involved. A tiny percentage of people are in crypto compared to the tech stocks of 2000
This is exactly the reason why I think it will be bigger. Only a small % of people even know about it at this point. :)
I agree, I've been asking in tech shops and friends in IT..they havent a clue about it, a word they're begining to recognise.
Welcome to Steemit @fodhla!
I have run the exact same type of experiment with friends and family in IT. Many have heard of Bitcoin, most don't understand it or the potential efficiencies that can be achieved by using blockchain technology in businesses. They certainly have been unaware that there are other coins available besides Bitcoin.
Last Friday, a news paper article ran in the Toronto Star (which is a large national newspaper in Canada). It talked about the explosion in the cryptocoin market.
Here's the article:
https://www.thestar.com/business/tech_news/2017/06/09/demand-surges-for-digital-coins-as-risks-rewards-climb.html
Our nephew who is in his late 20's and works in the computer technology industry basically felt that because it was showing up in the newspaper, he had missed "the window" to make currency in crypto.
I don't agree at all, I think the opportunity is stronger than ever because hardly anyone knows about it or even has the skills to work through all the steps of exchanging fiat, buying cryptos on an exchange and then, storing them in a wallet.
I think until that whole process is streamlined we won't have mass adoption.
Couldn't agree more. A big barrier for the people I've spoken to seems to be their emotions around it and what it symbolises to them...an unfamiliar, scary and more detached world in which they have less control. I think there's alot being projected onto the cryptos and that may be working in early birds' favour! Those of us projecting hope onto it are happy to engage!
You are absolutely right! All of us earlier adopters "get it" and are projecting positive change into all of our actions, whether we are education people about Steemit or how the crypto-world works. We know the current system is not in our control and are thrilled to find something that is giving us our power back.
grow time