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RE: Why the crypto bubble will be much bigger than the dotcom bubble
The dot com bubble was based on .. nothing. Huge evaluations for a website that could be put together in 30 minutes... remember pets.com? Crypto is an inherently useful wealth transfer mechanism, and the implementations which are being developed across the space as a whole are oftentimes very unique. When people wake up to what is happening here... yeah... the bubble is going to dwarf anything that has ever happened before.
20 trillion works for me! :)
I'll take it as well :)
Most altcoins are also just quick money grabs that don't offer any value. I'ts based on nothing just like the dotcom bubble. You can copy the bitcoin code and make your own altcoin in 30min time. 90% of the cryptocurrency that exist today will probably disappear within 10 years.
That is a good point. Lot of garbage out there. I envision a few coins holding most of the value with a whole host of much smaller niche coins that don't hold much value.
Oh gosh, lets see there are 2112 cryptos currently listed on coin market cap. Id go much further than 90% that still leaves over 200 of currently listed cryptocurrencies of today still around in 10 years. Even good ideas fail, so Id bet that no more than 2% of current day cryptos remain in 10 years. That gives us 42 winners out of the current 2112.
Will steem be one?
I wouldn't be here If I thought it wouldn't. Trying to do my part to ensure that 10 years from now, we are looking forward to the next 10.
@remind.bot 10 years