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RE: Well, it looks like the bubble has officially popped
Ohhhh....No,No,No. The bubble has not even begun popping. Bitcoin is still trading at $6k. LOL!
Steemit.com has over a million users and is a unique website.
I completely agree with this. Steemit is one of the most successful blockchain projects if you look at daily active users and the amount of used dApps like Dlive and Dtube.
Ethereum's dApps barely have any users after hundreds of millions in funds and years in development. It's and embarrassment. Just look at the numbers on https://dappradar.com/
Oh the bubble has begun popping for sure. Regardless of your thoughts on bitcoin, $900 billion to $190 billion surely represents a popping of a bubble.
That being said, bitcoin could go lower for sure.
Though, if I had to place any bets at this point I think bitcoin has the best chance of any coin of losing the least amount from current levels.
That's true but many dapps just launched on Etheruem. Ether is also used as a currency and store of value , which gives it a much higher value since every exchange trades it. Scaling is coming to Ethereum but it's taking longer than many had predicted but it's already happening with games especially off-chain. Still very smart to spread that risk out and diversify some.
Also many exchanges price in Bitcion AND Ether, which gives it use case. Of all the coins that are overvalued and overhyped, Ether would not be the first one I would point to.