- 2017 has been a wild ride for the cryptocurrency community. It marks the year when Bitcoin went mainstream, with many left to wonder: ¨Why did I not invest?¨ and perhaps taking comfort in the ¨inevitable¨ bust, ironically trusting this will be their change to buy-in. Yet the windy charts continue to follow a steep upward pattern, and the ¨bubble¨ keeps getting bigger. Every new obstacle threatents to burst this bubble, but it also brings about new attention, interest and demand. This demand is what fuels the price, and new buyers keep pilling up. Skyroketting prices and the luxurious lifestyle of cryptomillionares has attracted mainstream attention, which in turn legitimizes Bitcoin, and other cryptocurrencies.
- Yet for all the buzz, Bitcoin, which continues to be the main player, is still primarily a store of value. Altcoins like Steem, go beyond that, and offer to built real life application on top of the blockchain. Rather than the fierce competition you would expect in other industries the crypto-community seems to be benefiting as a whole, from the rising tide. Bitcoin, Etherium and other entrypoints took the blont of the benefit in 2017, but as investors look to diversify to other cryptocurrencies Steem stands to win.
- There seems to be new ICO everyday now. Within the sea of options, most people can´t keep up. Not all offers are legitimate, and finding a coin that is backed up by anything more than a promise or a dream is daunting. Steemit is up and running (very smoothly I think) and there is a growing community around it. Therefore it seems perfectly positioned to make big gains, as the rising tide spreads, and people help pick the big winners.
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