We are so into cryptocurrency bubble era, how long this will last nobody knows, what happens when bubble gets inflated way too much? It will pop and so many people will lose money. Market cap has gone up way too much and way too fast.
There are so many experts out there and the general atmosphere is that we are in the bubble, it's gonna blow. While bitcoin maximalists say that only altcoin markets will bust and bitcoin will stay strong, in the end nobody really knows what will happen. Are we going to 200 billion market cap, trillion perhaps if this goes ballistic, or we go back down to 20 billion market cap? Again, nobody knows. Strong fundamental intrinsic value of cryptocurrencies keeps me optimistic that the bullish trend will continue, correction is inevitable though.
Altcoins new Bitcoins?
Right now in crypto space new bitcoins are rising up in terms of profitability, ethereum was 20 cents 2 years ago, look at it now, it's a new bitcoin with 1000x profit if you bought at 20 cents. There are so many more out there that could possibly end up being new bitcoins, Digibyte went 40x in 2 months, my largest opportunity to win big, but I sold way to early. Waves went from 30 cents to 3 dollars, opportunities are everywhere in altcoins, people can become very rich very fast, fascinating times we are living in.
The thing about Steem
We are sitting on a fully functioning rising platform with the fastest blockchain with so many great possibilities most people are not aware of. We are not even close to mainstream and our user numbers are going up nicely. Oldtimers here on steemit are used to 10 cent steem price, 13x from that point is a bubble, if the price dumps which is a very probable scenario, long term for steem is still bullish, as long as devs keep on improving the platform and the community continues producing great blogs and we improve user retention. I think we are good in all those areas and we don't need to be scared of any possible bubble pops. So keep on Steeming Steemsters, we are golden!
