✴️ ARE WE TOO EARLY IN THE CRYPTOCURRENCY GAME? 🤷🏼♂️
Hey STACKERS!
This question is asked from time to time... “Are we just to early in cryptocurrency and the blockchain game?”
I’ve expressed my opinions about this in the past and I do believe so (most people hated on me for this 😂).
People need to realize that blockchain is here to stay but 99% of the current cryptocurrencies that we see today won’t be around in a few years.
Too many people are drivin’ on speculation and fast money right now with coins that have hardly no use case at all. 👀
The evaluation and market cap of most coins are ridiculous high. They don’t even make any money but is the tech worth billions of dollars?
For example, look at the beloved Ethereum... are they really worth 20+ billion dollars?! Heck no! No real investor will say so, they don’t even make money as a business. 🤔
There are only a few thousands people even using the Dapps on a daily bases and the coin is literally useless and just good for running a money grab ICO’s. Just in a few months, the tech is already outdated and slow as fu*k! 😂
This just reminds me of the 90’s dot com bubble when any website you launched was worth hundreds of millions of dollars but they never made one cent. If you guys been around at that time, you might know what happened to all of them.
“Well Charles, some of them can be the next Amazon or Google?” I highly doubt it, most of them came out after many failed and it took them decades to have mass adoption. 🤦🏼♂️
Check out what Gary Vaynerchuk had to say at the chainxchange conference in Las Vegas:
Within 20 minutes, Gary hit the nail right on the head... like him or not, he is totally right.
I’m still a huge believer in Bitcoin and only a few cryptos like Steem + EOS. They are not going anywhere. Many more coins will come and go in a few years... and only a few will survive.
What do you guys think? Are most of these coins already set up for failure while new cryptos later down the road will be the monsters of crypto?
Keep On STACKIN! 💞
~ Charles Fuchs
For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
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I think we’re pretty early and we’re taking on a lot of personal risk at this stage and many of us who are invested are going to get burned but in the grand scheme of things it will be pennies towards a greater good
I agree most of the Crypto’s today won’t be around for very long and we will continue to see projects belly up and consolidate into bigger projects not just in value but in some of the tech they have produced
Bitcoin will always be around since it’s the gateway to crypto and the brand is so strong while I still think ETH has a lot to offer. I also think the valuations are crazy for many of these projects especially when they have no revenue streams
The Crypto’s I like are still BTC and ETH and STEEM perhaps I’m bias on that one since I’m invested so much time and money into it but it’s one of the few functional blockhains for day to day use
I also like NULS simply for the concept of modular blockchain deployment and even though the project may not make it I feel it’s concepts would be valuable I future and absorbed into other crypto projects
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nice (y)
Makes sense. I’ve been looking into nuls, I might have to get some so I can stake it and get free tokens lol
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I totally agree most coins will rightly so disappear over the next few years and hopefully we be left with some great coins, keep stacking. Cheers mike
Thanks for your honest opinion I totally agree with you most project, even if they have good tech, will have a hard time surviving over time because user adoption is slow and it needs a lot of community work to grow. Thats why I'm also optimistic about Steem we have great people here who are willing to go thru bumps in the market and still develop Steem further. I also think that Steem isn't that in regards to decentralization it will take time but the Steem Ecosystem and usage of Steem&SBD are growing. Steems really lives off its User base and independent developers thats what I like most.
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The reason I like steem is because they been around for over 2 years and not even one single crypto/blockchain could even come close to starting one out. In other words, even though steem has problems, it’s years ahead 😎
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Right on, lets Rock the Steem-Boat!!!
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🙌🏼🙌🏼🙌🏼
I agree with Fuchs
You better not... you will trolled by all the “moon boys” on social media! 🤣 😂
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Ah ah ah I know🤣 I just was joking😁😆😉 Besides we love to create controversy that's fun😘
Let's create some drama haha jk 😋
Ahahah Charles Fuchs is the only King of Cryptodrama!😂😂😂
Dude, that Gary V video was awesome. Watched the whole thing. We gotta get him on Steem!! 💪🏻
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Dude knows what he’s talkin about. Wondering why he’s not on steem, he has a huge social media team 🤔😀
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Well yeah in a way I do agree with your points and the ETH ex was cool and yeah in time it will be overtaken by if they do not find any solution and in the long many coins will come and go .LOL lets see what time will do those coins ;)
The ETH foundation is great and they will be around but as a token, the days of dominating will come to an end 😬
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Well said man. Currently, Bitcoin is the only blockchain that is secure enough to be truly censorship resistant.
That’s a fact, wonder is the super computers that will come out in a few years can break it. Who knows lol
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Hey mate, I'm quite new into the whole cryptocurrencies myself and have one of those erc20 wallets with bulk shit coin tokens heck they are useless. I thought I read an article recently that the American private sector will lead on innovation in the crypto world lol see link here https://www.ccn.com/u-s-lawmaker-introduces-3-pro-cryptocurrency-bills-to-congress/
As for the next Amazon or Google we will see what's in the pipeline I know lots of focus around the social media development scene with snapchat users
Did Microsoft purchase github yet?
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Totally agree, most ICO have already started private round before and or if they do launch it to the public. The future looks bright but the “powers” to be will do what ever they can do to control it 😀
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Yeah probably in the future people will be laughing from us all excited for the highest value for bitcoin was 12k lololol because it will me 200k in the future. Lol
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Then I can buy be a lambo haha
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Or 2 eheheh
I think a few coins will moon but it's going to be because of pump-and-dump type deals. Or maybe some kind of news that makes something rise up, but I don't think most of the coins we see today will exist in a few years.
It’s a game of patience lol
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