Bubbles and CryptossteemCreated with Sketch.

in cryptocurrency •  7 years ago  (edited)

Is



cryptocurrency a bubble?

The definition of a bubble, is a part of the economy developing an out of proportion price scale compared to the rest of the market, due to a big increase in the amount of debt tokens created for this business.

Therefore, except in accordance to the rate of issuance of crypto tokens, they are not a bubble, but a new financial instrument for payment and saving, and consequently those who enter early are going to reap a reward when the flock discovers it and comes to join in.

We don't need banks anymore...

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i could not agree more!

Nope, we don't. There's quite a few institutions of authority that we don't need, that are nothing more than tools to keep us clueless, unproductive when it comes to what should matter to us, unimaginative, uncooperative with each other, and relatively unhappy. The banks hold everything else in place., and all the shackles are coming off soon. Disruptive technologies, along with radically different ways of thinking many of us are starting to embrace are allowing us to take control of our lives..

Yo apenas estoy identificando cuando es que se logran las brujas Gracias por compartir

VERY GOOD CONGRATULATIONS I LIKED SO MUCH I HOPE TO FOLLOW SHARING YOUR GOOD ITEMS WITH ALL OUR SUCCESSES

Very good reflection thanks

Crypto may not be a bubble. They will exist. The bubble may be in their price rising.

There is a common acronym thrown around now, well, two, relating to the benefits of early adoption in finance - FOMO and FMA...

I think that the utility, and especially when it is outside of the parameters of those kinds of services offered by banks, like Steem Power, for example, an automatic savings/disbursement system, will distinguish those that really stand out in the growth rate race. Privacy and fast transactions are the two things that will decide where all the money eventually pools up, as will the right rate (or no more than a threshold) of inflation of supply.

A lot of cryptos are just riding on fancy marketing and not really actually practical schemes. There will be a shakeout, and how astute you are at discerning what is useful and what is just waffle will decide how much you win or lose.

The shakeout will indeed happen. But it may take a few years and those years attract a lot of bright minds and capital to the game. Unfortunately, this is necessary to advance.

It is by no means possible already to determine who will survive.

Because of the popularity. The value of cryptos are going up. Though some may not be as good as btc or eth