To Burst or Not To Burst...That's The Bubble Question
Bitcoin is a bubble...
It's going to burst...
So...what are you going to do when it does...?
Those first 2 sentences are 100% true...
The third is a specific question...
One you better start thinking about if you hold Bitcoin...
But here's the thing...
Blockchains are the future...
All blockchain supported cryptocurrencies are finite instruments of finance...
This means that at some point there won't be anymore Bitcoin to mine...
Cryptocurrencies are going to decentralize the financial systems of the world...
Blockchains are going to create new forms of cryptocurrency well into the future...
You will be able to buy, sell, and trade these cryptocurrencies across the board...
Certain blockchains are more advantageous than others...
The Steem blockchain is one of the more advantageous...
You do not have to mine Steem...
You can earn Steem...
You can't do that with many other cryptocurrencies...
Most of them you have to mine, or invest fiat currency to obtain...
Now might be the time to invest those Bitcoin earnings...
There are new cryptcocurrencies coming online all the time...
Why hold Bitcoin until that bubble bursts...
Prick that bitch yourself and move on...
Get in on the ground floor of the next high performing crypto...
Wow!Amazing post! This is the best post in Steemit! Everybody should see it! I gave you mine little vote, but with big Thanks!🤗 Cardano... there Im investing now, I think this coin have a big FUTURE!🔥Good luck my friend and keep posting! 💸
I'm glad you enjoyed the post. Thanks for the upvote!
I think it's better to invest in steem than Bitcoin, few days ago steem got higher than she and I think that's a good development. This is just my opinion though.
I like the newer cryptos coming onto the market...should make for interesting investments in the future...Steem is a good one to be involved with right now!
True fact, but steem is the best in respect to earning.
My vote would be for a cryptocurrency that has the promise of value beyond a means of speculating. Ethereum has functionality with smart contracts, Iota could be a huge player in the IoT space, FileCoin for distributed storage, GridPlus as a distributed energy exchange. No way am I picking winners here but there's a Mark Twain saying, "“During the gold rush its a good time to be in the pick and shovel business”.
That certainly applies now.
Very true! I like Ethereum, and the others all have potential as well. I love the Mark Twain quote...definitely applicable!
Bitcoin is joined to the hip of all the other altcoins until we have a DEX with fiat gateway there is never going to be a free market. just look at top 5 coins .tech is not driving this market its hype and over promotion
True...to a point...I believe we will see a DEX with fiat gateway that manages several types of cryptocurrency. Think about it...credit card companies came online to take advantage of banking habits by automating the way we all did banking...they further taught us how to use debit cards to replace checks...they are going to have to come on board with cryptocurrencies and provide that fiat gateway, or somebody else will, and do to them what they did to the banking industry...and when it comes down to MONEY, they're not going to want to watch from the backseat.
For any reason any government can shut down trading with their currency not under their control. That means as long as alt-coins are attached to fiat currency be it the dollar or euro ect. The fiat currency has control of all alt coin.
Now if the alt coins were attached to hard assets like gold , silver, or a extensive barter for goods system, and is not exchanged in any government fiat currency I would say yes its a free driven system.
I think the question will be most countries are working on their own block systems and when they get done will they allow trading with other non government systems
Okay, I'm a bit confused by your assessment of the situation regarding alt coins and hard assets. Hard assets, such as gold and silver, have always been controlled by the governments of the world...the federal government in the U.S. even confiscated gold from every citizen who had it at the time...so how would that create a "free driven system"?
Hard assets are anything of value that are in YOUR possession, gold and silver being an example of large value per size vs per say a 64 corvette. Gold and silver was so easy to hide back then because there were few records of sales the GOV had, many did not give theirs up that was in their possession.
A lot back in those days converted their gold and silver to assets that the Gov could not touch, to transfer the risk of getting caught to those that did not care and saw it as easy assets. Example where I grew up back in the early 70s there was a old german couple that did not have any children and lived very quite on a large farm. After they both passed away the state went in because of no relatives and found over 4 million usd worth of antique cars in the barn.. Hard assets... Today he could have backed 4 million usd in crypto with those assets.
Either you personally would have to have trade in hard assets with your coin or the exchanges would have to have hard assets to back up the exchange, so it would have value.
Otherwise its a ( free driven system ) controlled by the countries fiat currencies its exchanged at and can be shut down very fast by those countries saying that it is illegal to purchase crypto with their fiat currency within the boundaries of their country for security reasons.
The point is to keep fiat as a base of exchange out of it. Anything that keeps the GOV hands out of it. If their hands are in and tacked to something like a fiat currency. Then the system is only a ( free driven system ) as long as the GOVs that own those currencies want it to look like it is.
It would be a very hard system to create for it would challenge fiat and I do not think they would like that. How it could be done is something I would have to think on, main objective would be getting away from fiat. To truly be a "free driven system" it can not ride on the backbone of a countries fiat and be considered free. Or i guess you can call it that until the countries say otherwise.