2018 - The defining year for cryptocurrencies
2018- The defining year for cryptocurrencies
2017 has been a stellar year for cryptocurrencies . However, the mainstream media still believes it to be a bubble and compares it to the Tulip Mania. That for me is the most inane comparison I've heard or read in a long time. While the naysayers who believe this to be a bubble are still ignorant of the revolutionary technology behind cryptocurrencies. That to me , wreaks of stupid ignorance and plain foolishness.
While I believe that, returns in many of the coins is plain speculation without any solid backing , i know and believe that the blockchain technology solves many of the problems we face today. You can read about the blockchain technology in one of my earlier posts
https://steemit.com/cryptocurrency/@cryptogem/blockchain-ushering-the-internet-of-value
I truly believe that 2018 will be a watershed year for cryptocurrencies with mainstream adoption. Yes, we might see huge wild corrections in price along the way, but as I ve said earlier, investors should remain invested in cryptocurrencies for a long time, they shpuld be hodlers and stop panicking and worrying about these stupid daily moves.
Cheers!
I think 2018 will be the year for consolidation in the number of coins/projects currently on the market. There are honestly less than 100 projects in hard development, with good teams, good communications, and a solid pipeline. These are criteria that projects need to have if they're to generate any real equity in the eyes of competent investors, wall street, and the media. That being said, the projects that don't should be dumped as the cryptospace sheds its useless, vestigial projects and grows to new heights.
Agreed, we really do need consolidation. Along with that, I hope we will find reputable sources that report on altcoins. Right now if you go on Reddit or here on Steemit there are people touting all types of coins based on what the coins vision is. The thing with that is they could have the best vision, but if there is no deliverable or a team working towards these deliverables then it is all just fluff.
Also I am hoping to see a decoupling with BTC in 2018. When Coinbase/GDAX lists more altcoins we should start to see some decoupling of altcoins from BTC.
Cheers to a great 2018 cryptocurrency market :)
Hey man, I agree with all your points about market consolidation. However, I really dont think that we will see any significant decoupling from BTC as it is kinda the bellwether for cryptocurrencies, the flagbearer, the one and only!
As unfortunate as it is, this is most likely the case for all of 2018. The brand equity of BTC is just too strong.
The developers behind the various cryptocurrency projects will not go down without a fight. While i think ypure right about consolidation, it could get ugly with intentional pump-&-dumps, wallet hacks, and a flood of misinformation. That being said, expect to see many developers with less of an anarchist spirit join the ranks of government & industry blockchain development teams. The talent pool will be a huge factor in which coins survive and the future of blockchain integration in society.
I agree, 2018 will be the big one. Lot's of people will be surprised by it.
Yea man, couldnt agree more!
2018 - The defining year for cryptocurrencies. true in many aspects Holochain, hash graph and taxes
All crypto trades are taxable events in US 2018 Merry Christmas
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