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RE: Where are we in Blockchain Technologies Development?

in #steem6 years ago

Finally, I have time to reply to this sweet article. Good work, as pretty always brother.
I could write a whole text about this but I think you already know my opinion regarding this topic anyway haha, so, I've simply to admit that I (pretty much) completely agree with you and even learned something new in regards to the Internet history, thx for that mate.
However, crypto definitely is at it's beginning stages. We achieved a lot but mass adoption still ain't here - and currently there's no hype. Way to go and it's looking good. Simply waiting for btc and the other alts to blow up again - like many other people do too, I reckon.
Btw. concerning your picture displaying the "dot-com market cycle". That ain't nothing special. It's just a typical market cycle and guess what, btc looks pretty much the same bro. That's market psychology etc. It will keep coming (of course there are other factors too you have to consider).
We've seen it at the btc chart too ($).


Current cycle on the right, same cycle on the left (simply smaller now because of the growth of crypto, price of xbt)
GTW10.JPG


Current cycle (2017/18) - the right one (maybe it's already going for a new cycle - I really hope so)
GTW3.JPG


Older cycle (2013-2015/16) - the left one of the second picture of these four pictures
GTW7.JPG

All in all, if we do not witness a black swan then btc "soon" should be going for the next cycle.

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Thanks for the detailed comments my friend! I do hope for the next bull run to come. However, do you agree that the market is currently manipulated? Since the volume has been quite low for a period of time and many traders are on leveraged trading platforms like Bitmex instead of doing actual fiat to BTC trading

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You are welcome my dear. Most of us do. Of course it's manipulated. I believe pretty every market is manipulated somehow. In the crypto space we have whales too and they know how to trade. They're pushing down the price (if you can say so) but new money is constantly coming in so it should start getting more bullish in this last quarter of the year. Simply hope the support is strong enough and bitcoin won't reach new lower lows. It must not fall! We want those 10k$. :D

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