RE: Cryptocurrencies are not in a Bubble, and here's why:
I'm not sure I agree. The infrastructure surrounding the bitcoin is getting stronger and stronger. We all know that platinum is more valuable than gold, but gold remains the preferred precious metal to the masses. That is, it will be the digital currency of the masses, while ETH will be the currency of complex business. The question is, will Ethereum be able to handle the IOT demands. I've been buying up domain names on the Ethereum platform, and the performance has been sluggish, if not downright frustrating. Bitcoin works now. ETH is still a promise. I guess we'll see. If we don't see some quality, live applications of Ethereum by Xmas, we could see it face a dot.com correction. If they get things rolling by then, it has a very good chance of maintaining through the inevitable correction, then skyrocketing in March.
Thoughts?
I think that Bitcoin will always maintain a mythical status as the pioneer coin that arrived along with the blockchain and legend of Satoshi. I believe that this emotional connection people feel with this creation story will result in a dedicated crypto-community that will keep Bitcoin at the core. Other coins will continue to populate the ecosystem around Bitcoin and some may gain broader acceptance, greater utility, or even possibly higher monetary value, but Bitcoin will always be the Sun in this Crypto-Universe.
Well said!!!
Following and voted, my friend!
Thanks, following you now as well. What an exciting time to be alive and so happy to have something positive to put energy into for real change in this world instead of just complaining about broken centralized powers.
Amen!!!!