Is Boring Bitcoin Such A Bad Thing?

Hey JessCoiners

So many of us got into cryptocurrency bright-eyed, and though we're going to strike it rich, we're were going to stick it to the man, we were changing the system, we were on the cutting edge. There was so much excitement, but like an 80-year-old with an erection, it quickly waned into obscurity for most of the world. It's time to face facts; Bitcoin has become boring; it been a steady climb and projects have been slow to build while struggling to keep and maintain a user base.

We've seen many projects and scams die in the wind; we see smaller scams still going, we're seeing coins living on outside investment instead of what they raise from the use of their product or the value they provide to attract investors and users.

The volatility is still there and if you want to trade the swings you can, and many are still making money this way, but it just doesn't have the buzz it used to have back in 2017. We can see people have grown tired of waiting for this miracle we promised, talk on crypto sites are down, and many crypto Youtubers have given up.

To most, they see this as a bad thing, that the hype is over, and the ones still in it are delusional and yet haven't realised what others have and moved on.

Image path - qz.com

Is boring such a bad thing?

Personally I think the boring phase has done a lot of good for the market purging all the shitty projects, scams and chance takers and allocating capital to the projects who want to build for the long term. The projects that will lay the foundation for other projects to flourish. I think the boring times is when you need to make strides to invest and learn because you're doing something with high risk and the upside could be massive.

I think the boring brings with it a level of rational thinking, a level of better decision making and a defining your roadmap for projects. If space was flooded with cash we'd see money being wasted on all sort so of garbage as we saw during the ICO boom.

The boring helps rebuild the reputation of cryptocurrency as the focus becomes less on price and more on what we can produce in the space.

So I say, let me stack my boring Bitcoin, let me continue to at Sats in silence and I'm happy to wait it out because I don't see a better game in town that would take my time and capital.

I guess what I'm saying is, I'm happy to be boring.

Have your say

What do you good people of steem think?

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