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RE: IS IT GOOD TIME FOR ANOTHER CRYPTO BULL RUN ? Do we really need it now?

in #crypto5 years ago

You're right, it's a hard question to ask, "Is the crypto world ready for a bull run?" I mean, are there enough developed projects in existence that have something to offer your everyday investor other than an altcoin with speculative value? I remember all those altcoins sprouting almost every day last year claiming to be the next big thing or promising to disrupt every industry under the sun. Where are they now? Most of them seem to have disappeared after harvesting emails through an airdrop or generating funds through an ICO. We really don't want a repeat of that.

Sadly, any bull run will always generate interest from all sorts of people from the investors and technology creators down to those looking make a quick buck and even the bad actors who will always find ways to abuse the system.

As for STEEM, unless we fix the current problems plaguing the blockchain, a bull run might just attract the bad actors looking to game and abuse the system, again. I remember last year when STEEM was still trading between $2 and $3. I would get all sorts of wallet messages every day with one dubious offer after another. There were also a few instances of STEEM and SBDs stolen from accounts, and what not. I guess the low prices drove them away?

Personally, though, I'm still hoping for a bull run for STEEM and the rest of the cryptos. But, as you pointed out, it's something that we need to be cautious of. So, I hope it comes, but I am also hoping that we're more prepared for it, both so we could really benefit when it happens and so that it's not followed by a terrible crypto winter right after.

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Dear @cryptocopy

This is absolutely one of the best comment I've read today. Late thank you for taking the time to share your opionion with me.

are there enough developed projects in existence that have something to offer your everyday investor other than an altcoin with speculative value

Solid question. One that I'm also asking myself from time to time.

We really don't want a repeat of that.

Clearly we're on the same page here.

I also wanted to make some suggestion.

My impression is, that the hardest part of attracting attention on STEEMIT is the fact, that our audience have very little chance to actually find our publications. Lack of solid notification system is an obvious issue. And regardless how hard I would try - there is very little chance I would find out about your new interesting publications (my feed is just flooded with to many posts).

Please allow me to share some suggestion with you. If you would ever publish content related to blockchain, crypto, artificial intelligence, psychology etc. then perhaps you could simply send me memo with link to that post.

This way not only I would have a chance to read your publication, but I will also upvote it right away with 20k SP voting power. If I would consider it interesting then I may also share it with wider audience.

Please let me know what do you think.

Cheers, Piotr

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