Seems like beginning of 2018 is Altcoins season. All the action seems to be in Altcoins. Some of the biggest gains now are in Altcoins. BTC is taking a rest and consolidating around 14-15,ooo range. BTC dominance is now at a low of 35.1 %. It seems the rest of the market is catching up to the recent, extraordinary gains of BTC. Crypto market cap is now $744 billion and it looks like we will soon hit 1 trillion market cap. How unbelievable is that!!! Cryptocurrency is starting to make a splash. More people are starting to hear of it. Mass adoption will enevitably come, but it is still very early in the game.
1 trillion is huge but we must understand that compared to gold/silver market (3 trillion market cap) and stock exchange (66 trillion market cap), cryptocurrency is just a baby. That's just great news, don't you think ? .It means that the opportunity is huge for all of us that are in the crypto space. Our investment in time to educate ourselves will soon pay off. We understand and believe that bitcoin and blockchain technology is here to stay. It is the future and society will change accordingly. A major transition is taking place.
First there was gold and silver, then cash (dollars), then checks, then credit cards, and now digital assets will take its place. We are becoming a cashless society. Cryptocurrency/ blockchain technology will soon change so many industries and how monies are transacted. We need to educate ourselves and adopt to the new system. This is so similar to what happened when the internet was first introduced. Look how the internet has changed society. We learned and adopted to the internet revolution. Now e-mails, skype, and internet commerce is a common and day to day action that we perform without even thinking. This too, we will do with BTC/ blockchain technology.
I agree, BTC/blockchain technology will be the biggest "bubble" ever. After all, this technology will be a world adoption True that, the bubble is big but its growth is exponential. The numbers will be big and astronomical. Remember, the world has 7.6 billion people and the world will adopt this BTC/blockchain technology. The math and the numbers will be unheared of . This is why I am so excited because the opportunity for the "enlightened" ones will be monumental and very profitable to say the least.
Bottom line guys, do your homework , do your due diligence, and immersed yourself in Cryptocurrencies and blockchain technology. It may very well change your life!!!
Disclaimer : Never invest funds more than what you can afford to lose. This post is my own personal opinion/speculations/ insights . Please do your own research before making any investment decisions. I am not a financial adviser, nor am I giving any financial advice. If you make any trades after reading this post, you accept accountability and responsibility for any lose that you may incur. By reading this post you acknowledge and accept that.
Great content. Altcoins try to do better job than the coins before them. New technology and new solutions. Nowadays you have so many different coins to choose from and pretty much all the popular altcoins have great technology and revolutionizing ideas behind them.
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There will be a bubble, but there will also be survivors. The bubble will get rid of all the shit and we'll be left with genuine coins for actual use.
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Please , can you explain the pros and cons of Altcoin? Thank you.
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https://steemit.com/alhamdullilah/@steemitgirl11/al-qaun-is-betar
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