The Game has Changed, Are you Paying Attention? (Bitcoin and The Global Market Space)
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.
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 $4 mark today was the great news. Now the next question is:
Also, what's your crypto investment plan for 2018? Can you share so that we could learn from that. By the way, I wrote a simple investment plan for noobs here at Steemit today and I hope you can spare a few minutes to take a look at it. Your input on it would be encouraging.
@whatsup, Great post like all your previous ones. Keep up the awesome job.
Steem On!
Agree completely whatsup. I've been saying the same thing. When mainstream financial markets start investing in cryptos, the cryptos will boom as many people formerly afraid or ignorant of the crypto market can now get in!
nice post, well i think it's good for the overall growth of cryptos, the more companies and investor's taking interest in blockchain technology means more rise in the price and that's great for coin holder's, we are observing now that more investor's are taking interest in steem blockchain too and the way it is growing and the potential that chain has, i am not surprised to see at least 10 to 20$ 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