Interesting points, but i don't think it's fair to compare adoption rates to Steem just yet seeing that most people can't even buy the coin right now. I also don't think that transaction speed is the sole reason why people are invested in it long term, either. I would, however, agree with you completely that hype around the thing has reached the early "euphoric" stage.. but this is not really enough to convince me that the thing is a classic "pump and dump" or that this WILL dump hard. Even when Verge started selling off, it still didn't drop to even half of pre-pump levels.. or how about the crazy pump on Power Ledger(POWR), 100% purely driven by hype? POWR predictably deflated back down, however, it also didn't take long to gradually rise back up to it's all time high(less than a month). Did either Verge or Power Ledger die? Did investors forget about them quickly to move on to the next popular flavor of the week? Of course not and it won't happen with RaiBlocks even IF it "dumps" as you say. Why do you think this is?
The classic pump and dumps of the old penny stock days and now crypto always have the exact same characteristics. Very quiet flat trading chart for months with no development progress, then a sudden and sharp 2-3 day pop up to get that spark going, followed by an immediate gap down to half of the initial pump, then sometimes a rapid swing in both directions once or twice to bait more newbie fomo buyers, and finally ending with either a fast or slow bleed out as volume dries up(ReddCoin is a good recent example). While RaiBlocks DID rapidly grow in December, it started off very organic and if you take a closer look there wasn't that much selling pressure on the thing even as it started doubling in price before it went into the hype overdrive today. This lack of short term dumpers to me tells me that there are more long term believers in the thing than there are quick flippers. A good sign. The chart looks way more like Power Ledger an less like ReddCoin. Remember, time is accelerated in the crypto world. 1 month in stocks = 1 day in crypto.
On the tech fundamentals and adoption:
One thing I learned from the stock market world is that fundamentals aren't a bullet proof way of determining whether or not market sentiment will drop on a stock or that one company will win over another. RaiBlocks might not be solving an immediate demand right now in the crypto space(this is to address your comment about RaiBlocks not doing anything that is in current demand at the moment) but people are invested because they believe that the value of what RaiBlocks attempts to solve will be more relevant eventually.. Everything comes down to your time frame on when you are expecting a ROI. People are invested in Tesla and Amazon even though they are still not profitable companies at the moment and are currently trading at high multiples of their forward earnings. It may not seem rational, but this doesn't really matter if enough people believe that they WILL be profitable in the long term. There is what many will claim should be the "true value" and then their is perceived value. The second matters way more. Remember, VHS won the battle against Betamax. At the end of the day, the old Maynard quote still applies, "The market can remain 'irrational' for longer than you can remain solvent."
The idiot OP didn't even understand why this coin was flat for so long. I'm not going to do his homework for him, because I let idiots be idiots, however the price rise correlated in time with an event in the lifecycle of XRB.
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XRB is going to be huge! People called Bitcoin a pump n dump back in 2012...
but what I am really here for is to thank you @steemed for your hospitality at STEEM Park on New Years day... it was a great little place to start the year
https://steemit.com/steempark/@jeffjagoe/visiting-steem-park-in-brooklyn-ny-an-epic-start-to-2018
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I respect Crypto Investor and watch his content a lot(even though he's been wrong lately on some predictions. BTC dominance increasing, for example), but his biggest blindspot is that he thinks too much like a trader and not like an investor, which is ironic given the name of his channel. Specifically, he only thinks in the short-term. You can clearly see this when he claims that RaiBlocks does not solve "the immediate need in the crypto space" at the moment. Adoption, interface, ease of use, etc.
It is commonly known that in the investment world, the BIG money does not chase these short term gains. It goes for the unique and interesting projects, regardless of their immediate applications. I'm talking about the billion dollar investors, not the million dollar ones. These types of investors ALWAYS try to get in early on something that will give them 100x, 1000x gains in a few years when demand for what they are invested in becomes more relevant. They look at big picture potential here. I work in the tech field and have personally met at least 2 billionaires in my lifetime. When you talk to these people about investment and the types of things that they are interested in, they always gravitate towards those types of projects that break new ground. Stuff that nobody else is doing in that space.
My father studied Quantum mechanics in the 60s, had a PhD in the topic and taught at Virginia Tech for a number of years afterwards. At the time, everyone told him that what he was investing his time in was a waste because it did not address an immediate problem, nor did it have any practical implementation at the time. It was purely theoretical. Today, you've got the top tech firms paying millions for the brightest minds in that very field, now that quantum computing is a reality. This is why people are interested in RaiBlocks, in my opinion. It's laying down a foundation for the future.
One final point I'll make is that when you are investing in a stock/crypto, you are not just investing in the tech or the project. You are investing in the people behind it. It's obvious that the RaiBlocks team is very passionate and forward-thinking.. and that they are trying to do something radically different from everyone else. Regardless of whether or not this is currently relevant or that it is something in high demand today, this is always where big investment opportunity lays.
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