I would submit that the "crypto winter" we have been in was pretty much inevitable. It's much like the "dot-com" boom/bust cycle of 20 years ago. Back then, all you needed was to say "dot com" and "web site" in your business plan, and greedy fools stood ready to throw millions/billions in funding at you. This time, the key words were "blockchain" and "cryptocurrency."

As was true then remains true: 95% of those "companies" had no business even existing. Of course, what we feel is the fact that everything — good, bad, horrible, indifferent — gets tarred with the same brush. But the good news was that the companies with a solid plan in the 2000's came roaring back and made their investors very, very rich.

Which is all a very long-winded way of saying that Steem seems poised as one of the ones that will end up standing tall because there is actually something HERE. And we keep seeing new things coming online... at some point, that means investors (and developers) will see this as a value play and then — I suspect — it will be "off to the races."

=^..^=

Posted via Steemleo