Believe In The Crypto Movement! Growth Will Come!

biddle (61) in steem • 7 years ago

Growth is coming in the crypto movement. There are some barriers to the entry by some huge money, such as the notion of 'custodial services', which Coinbase is now offering (https://custody.coinbase.com/), which, once fully resolved, will allow institutions that were hesitant to enter without the fear/risk of losing money based on negligence, theft, or technical failure. This will make money more insurable in the space and it will allow people to not worry about the fine details while treating crypto as a new asset class to invest in. So, fear not. The market has been down for a while, but it is only temporary. I'm Hodling and I'm especially prepping for the massive movement in Steem which will come from SMTs being implemented. I would be INCREDIBLY SURPRISED if SMTs don't SPIKE the price. It is almost definite as long as they are implemented successfully. They have more potential than EOS in my opinion for a number of reasons, which I'll go over in a coming article, but not the least of which is the fact that we already have a vibrant community surrounding the Steem blockchain and they have a scalable, working blockchain already that can run many DApps! :)

AS ALWAYS, WISHES OF WEALTH AND HEALTH FOR ALL! :)

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7 years ago by biddle (61)

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bscrypto (56) · 7 years ago

I totally agree about the SMT's, Steem is going to kill it, I am thinking se will see a 10x here in the near future. With a previous $12 + high, I don't think that $15-$16 is too far off... once the market starts to turn of course.

biddle (61) · 7 years ago

I think you're right about that! :)

bankthecrypto (68) · 7 years ago

Growth will come , the crypto market is very volatility market we so that many times and we will see it again
my tip is stay for long time do not run away when prices are drop and never user money which you can not afford to loss

biddle (61) · 7 years ago

Agreed! If you're not ready to hibernate, you're going to be in a bad spot! :)

kilojo (52) · 7 years ago

Hibernation is scary, I don't know how folks do it, Id rather stay active in the market

biddle (61) · 7 years ago

it's one method, but not for those who aren't really savvy traders. My first experience with crypto actually was a bit of a bummer, because I didn't Hodl. If I had hodl'd Ethereum, Bitcoin, Steem early on, etc., I would have been SET. Being active is very tough, but hopefully it is working well for you! :)

kilojo (52) · 7 years ago

In a way it is, I cut my losses quick and take profits fast. However when there's a sudden crash...which has more than necessary been the case, the loses are devastating. That's when I hodl till more favourable market conditions

dim753 (65) · 7 years ago (edited)

Hi @biddle solo es tener paciencia e invertir en los dips ya que la tecnologia es la apuesta de valor en este negocio. Un saludo

obest (59) · 7 years ago

I truly believe in steem moving forward as a valuable crypto asset to hodl, when SMT is finally implemented into the steem blockchain there will be a lot of apps that will be using these SMT tokens to run their app, which will definately leads to a price surge for steem

biddle (61) · 7 years ago

Agreed, I don't see a way around it. Building on Steem will be hugely adopted and SMTs, as long as they are useful, will be hugely valuable.

susano (50) · 7 years ago

Some tokens may even end up being more valuable than Steem and SBD

biddle (61) · 7 years ago

It's very possible for sure; I don't think it is likely (but definitely possible) because there will likely be a component of allowing cross functionality between STEEM and most other SMTs/Dapps. But you're right anything could happen! EOS, for example, is on the tail of Ethereum (and it started as an Ethereum Token from what I understand)! :)

susano (50) · 7 years ago

Custodial services 👌

msena (60) · 7 years ago

I agree with you sir that the market has been down for a while but very soon we will see a magic in crypto market. Just invest more in crypto and hold it. I believe crypto investors are the future billionaire.

kilojo (52) · 7 years ago

I believe in Cryptos, they aren't fully mature just yet but it's the right time for regular folks to get on before all the big coperations and institutions do

feelsomoon (52) · 7 years ago

Got my ethereum percentage to something I liked in my portfolio. I may get some XEM next.

biddle (61) · 7 years ago

Ethereum is definitely in a good spot to boost if the overall market boosts! :)

nishant24 (31) · 7 years ago

I have written for the bounty program. When will I receive my bounty.

biddle (61) · 7 years ago

Hi @nishant24, you will receive those within 24 hours; I will send an update once that transaction has been sent!

cryptoviki (35) · 7 years ago

What is beta testing of Boolean? I read that it is about to begin this month.

biddle (61) · 7 years ago

It begins at the end of the month, June 31st is expected (July 1st potentially)! :)

amylane (50) · 7 years ago

Should SMTs be adopted on a large scale and Steem forks and is split into two things might get pretty mesy

biddle (61) · 7 years ago

Yeah, a fork would be dangerous and I think should only be done if there is a severe technical issue, although Steem has been pretty strongly stress-tested so far and is doing great! :)

chireerocks (72) · 7 years ago

Yes, there are some stopping forces which is stopping the growth of the Crypto Sphere at this moment and as you said when it will resolve then we can see more Institutional investors and inturn huge money will flow in Crypto.

Steem Blockchain is number one in all aspects and already hundreds of Applications are running on the Steem Blockchain, and no other Blockchain achieved it. So, SMT's are game changing and this is the time of Hodling.

Thanks for sharing this post with us and wishing you an great day. Stay blessed. 🙂

biddle (61) · 7 years ago

Agreed that SMTs are a game changer! You're very welcome and you stay blessed as well! :)

chireerocks (72) · 7 years ago

Thank you so much. 🙂

biddle (61) · 7 years ago

Any time!

chireerocks (72) · 7 years ago

🙂

$0.00

premkumarroy (40) · 7 years ago

Where do you think Steem should be, in terms of marketcap?

biddle (61) · 7 years ago

I think it should be a top 10 token (top 5 once SMTs are out), so that would currently place it at about 3.5 Billion. Once SMTs are out AND if they live up to expectations, I think it should be at least 10 Billion, just to begin with. :)

premkumarroy (40) · 7 years ago

Like for real, we are talking about a nine fold increase in market cap and a six fold increase in price.
Considering that there is no hard cap, don’t ypu think it’s way too much.

biddle (61) · 7 years ago

I would say that's the case if Steemit were able to just print it arbitrarily the way the US can print the dollar, but the inflation rate of Steem is limited and planned, and I think the growth of the utility of Steem will outweigh the inflation rate by many orders of magnitude. Utility is why Ethereum is a high price, why Ripple is a high price, and perceived eventual utility is why EOS is a high price. Steem is in the same boat as a token that will have great utility, ESPECIALLY when SMTs come out.

Bitcoin and Litecoin are closer to 'pure cryptocurrencies' and are a high price purely because of popularity and bitcoin because of trust in it as the main, first crypto and the one holding the market up. Those are my thoughts on the matter. :)

biddle (61) · 7 years ago (edited)

Also, this is in addition to my belief that there will be an overall market bullish trend, so some gains will be due to that. And again, note my wording, this is IF SMTs live up to the hype (I believe they will, but we can't know until we see them)! :)

pheonixdown-dee (12) · 7 years ago

Completely agree, good things come to those who work hard and wait.

biddle (61) · 7 years ago

Yes, sir! :)

dragonking (57) · 7 years ago

I believe lot cryto will start big bounce very soon. This is a time for buy dip and just hodl. Finally we'll sell cryptos multiple times than when we buy rates.

xawi (71) · 7 years ago

yeah sir have full faith and believe fingers are crossed ✌️🤞✌️

amylane (50) · 7 years ago

Thanks, gotta learn about this custodial services

anandjadhao (54) · 7 years ago

Fully agreed dear....

rehan12 (73) · 7 years ago

Some good news after some time .

Well we sure are hoping to have some good results in the coming days.

cryptomage (50) · 7 years ago

It's those that truly believe in Cryptos that would fully reap it's benefits 🙏