Will STEEM be the next Amazon of blockchain after the ICO/crypto super bubble.

There are recent talks on how large the cryptocurrency market be that can be called proper bubble. One trillion, 20 trillion. Billionaire Mike Novogratz thinks so. Now, the question is that what happens after the bubble.

When a bubble burst, all the hyped and weak companies die. It happened to pets.com after the Dotcom bubble of 2000. But the bubble burst made the Internet business stronger and technology behind Internet drew attention. We saw exponential growth in Internet related businesses such as e-commerce, e-governance, e-trading. Virtually, every business sectors are influenced by the Internet.

The similar type of events are entailing. We may not yet in a bubble within a super bubble such as $20T. However, when it will burst we will all these over hyped ICOs and coins will vanish. Only the strongest ones with technology and community will survive.

With each short bubble burst we are seeing the refining of technology. When 2013 short term bubble busted, we saw death of copycat PoW coins such as all animal themed, planet themed, country themed coins. However, we saw rise of next generation of smart contract coins rise from that bubble burst- ethereum, neo or STEEM. We are seeing lots of scams got busted after December 2017 bubble, such as BitConnect. Still we are seeing rise of too many privacy coins, coins with zero transaction fees (Nano, IOTA etc.) and too many smart-contract coins. Next bubble burst will see demise of most of them. STEEM has early mover advantage and strong community, if it continues its growth and can release SMT successfully and then, it will be stronger against the next bubble burst.

STEEM will probably survive and flourish. Its business model is similar to Amazon. It is bringing new DApps for all kinds of online businesses. STEEM is getting widely diversified in its offerings similar to Amazon. STEEM will be becoming robust since several DApps can fail, few will see great success and bring millions of users. The ultimate winner is the blockchain that powers it.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger