This is really exciting news.
Experts see a greater bull run in 2018 than we witnessed in 2017. This might see hard to believe considering that cryptocurrencies have been beat up the past 6 weeks. However, there are many factors playing into this.
Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, noted that regulatory recognition, technological development, and the entrance of institutional capital will contribute to this year’s push.
To Glucksmann, there’s no reason not to see bitcoin push to $50,000 by December.
As noted by many on here, the technological advancements of blockchain keep forging ahead.
Jamie Burke, CEO at venture capital firm Outlier Ventures, noted that the astounding price rises the cryptocurrency market saw last year could be topped this year. He stated:
“We believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a proper crypto winter sets in where the market becomes more focused on proper market fundamentals.”
Considering we pulled back to under $400B in total market cap, this is a 2.5 x increase from where we are at presently.
As for STEEM, I must confess they did not mention it by name. However, many, including some interviewed here, believe that utility tokens (which STEEM is) are going to be the ones to buy. These are the currencies I term "Cryptocurrency 2.0" since they can be acquired via their utility.
Mick Sherman, CEO and co-founder of data science company Hercules Tech, said cryptocurrency like IOTA, NEO, and Ethereum are the ones to keep an eye on, as they are creating platforms developers can build on.
He said:
“Utility tokens and assets with a working platform and a clear-cut reason for requiring both a blockchain and their own token, are more likely to appreciate in value this year. Some of these cryptoassets will not be used for years, meaning they have no utility value,”
(emphasis mine)
STEEM is already in use with over 60K daily users. It has a number of applications that are going by the day AND are armed with Steem Power to upvote content providers.
It is easy to discount the statements of a few. However, I find it refreshing to hear some who actually look at this industry with realistic eye as compared to the stock nitwits on shows like Fast Money who do nothing but spread FUD around.
The key to making large profits in cryptocurrencies is HODLing through the rough times. They do not call it hold on for dear life for nothing. It takes inner strength to be able to withstand periods like we are going through. Nevertheless, when you look at what is going on with the blockchain underlying said currency, like STEEM, it is easy to maintain one's optimisim.
To see full article:
https://www.ccn.com/cryptocurrency-markets-hit-1-trillion-bitcoin-price-50000-year-experts-predict/
There is nothing to fear, the Age of Abundance is coming upon us. Cryptocurrencies are going to lead the way.
2018 will be an ever bigger year than 2017 was.
If you found this article helpful, please give it an upvote and a resteem.
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Experts know nothing. You can find one with ANY opinion.
But, nevertheless, I also belive 2018 will be a splendid year for crypto. Maybe far greater than a 1T market. All fundementals are still here, despite any FUD on markets.
I'm rather worried about the possibility of a global collapse in the markets of stocks, bonds and real estate this year.
Institutional money was never going to come in at the highs, so a pullback was necessary. "Smart money" will never invest when the price is high and climbing - and they've had to be patient.
The question is now, is whether we've seen the bottom. A few days of green isn't a bounce. I'm not sure when Tether/Bitfinex will play out, but that could be a big factor in where the market goes, and when.
When we do turn back into a bull market (and I 100% believe it's when, not if), that's when we'll see a lot of big money pile in. There could be a lot of turbulent sideways movement coming, but I completely agree with @taskmaster4450 in that crypto, and STEEM in particular has a huge upside around the corner.
I'm so excited to be involved now, and equally excited about new developments on STEEM, like zappl and appics, which I think will be killer apps, as well as DTube, which I think is already making huge waves.
I agree with all you said @m-ssed-t.
Is the bottom in? No telling. There might be some more downward action for a little while.
However, once a reversal does take place, we are going to see a violent move upwards. This is how crypto tends to move. The reversals are powerful...in both directions. We felt it from the BTC top at $20K (and the top for the other alt-coins).
I watch the action on the blockchain itself. The development is the question...not the pricing. If the development is there, we see success.
There's so much to learn here, and I'm still finding my feet, but I'm starting to pay attention to other projects on STEEM too - thanks in large part to your content & bringing them to my/our attention (so many thanks for your continued efforts).
The SMTs launch will be huge for STEEM in the long-term, which benefits us all. And as Steemians, supporting new projects and spreading the word off-platform can underpin the growth. I have everything crossed that this pans-out the way it looks like it will.
Thanks for that @m-ssed-t.
I am sure there will be challenges along the way. We are also going to see some things fail that we expect to succeed. That is okay since it will be offset by projects that we have no idea about today.
In due time, I think STEEM is a safe bet and is going to be one of the better performing cryptocurrencies.
The market will even out by March or April. Steem will take longer to bottom out because of the vesting dynamic. The next bull run will be end of Quarter 2 in June/July.
Personally I'm going to be buying all the crypto I can in April and swing trading the waves during the crazy times.
For someone like me who has absolutely ZERO income in FIAT for a very long time the concept of HODL seems somehow bizarre. To me it doesn't matter what the price of a crypto is as long as I can pay my rent at the end of the month with it. I never feel like I have lost tons of money because the market goes down. I did had ZERO money before I entered Steemit and every single bit is a win. If Steem goes back to $0.80 fine to me, I was doing great when it was there. If my EOS never goes up but crashes into oblivion I have lost nothing. It's a good feeling.
Certainly @flauwy...you are a trend-setter. You look at cryptocurrency as currency since it is money you are living on. I do not care what the dollar is worth versus the JPY just like I am sure a person in Tokyo could care less what the JPY is worth in USD (unless traveling to the states of course).
As for the rest of your post, that is freedom. The ability to not care and realize that you lose nothing if it all goes away is an incredible outlook. It is a rarity based upon what I have seen. I attempt to have the mindset and think, for the most part, I have it but it is tough. I have my moments. LOL
Thanks for your comment.
This is the most ideal outlook one could possibly have regarding The Blockchain. I commend your non-materialistic ideological platform.
Exciting future ahead of us! 🤑
Let the bull come, steem will be one of the top gainers.
The optimism for steem growth is real...despite the bear and bitcoin dragging most down. Steem remains strong...
The future is so bright. And I am walking straight into it, Someone get me a shade... Hehe.
$100,000 per Bitcoin translates into a total market cap well beyond $1 Trillion, over 1.6 Trillion. $50,000 per Bitcoin translates into a market cap of 0.8 Trillion. In 2018 it's possible to hit the 1 Trillion market cap.
Everyone seems a bit obsessed with the market cap. I always wonder how much crypto is actually worth... because there is no way you'd actually be able to liquidate crypto for the market cap worth. The market cap is created by assuming you could sell every coin for the value it's currently at.
However, the only thing that gives crypto value are the people HODLing it. Less coins on the market equal more valuable coins. Supply; demand; yada yada yada.
Let's hope the X-Mas 2017 highs will be the new bottom! :-D
This is ofcause for sure. If we could experience what we experience in 2017 then it's only natural for us to experience more in this year and years to come.
This simply goes to show the advancement of steem .
With this many users steem isn't going anywhere, and with the technology behind it, blockchain isn't either. It never was, the media just want to control us using fear, just like they do in all cases, and to some degree it still works.
Steem itself will see gains along with the rest of the crytpo space, the difference is that steem will keep growing naturally, within the entire crypto space, while the rest of the market is growing together. I could see it 2xing compared to the rest of the market at a minimum.
It still really bothers me how banks say crypto is too high risk that they don't let you put your own money on, its your money! Find a new bank if this happens to you, they shouldn't be able to tell you what to do with your money
I've only heard about credit card denial. Some banks don't allow checking account transfers? That's messed up.
Hmm, maybe I mispoke there, I have heard that some banks threaten to close your account if you continue purchasing crypto though
Oh my god
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This is true
l don't know why btc is decreasing but as known it will increase during next weeks I think that this year will be better than the last year
Thanks for share information about cryptocurrency.
I wanna know something about cryptocurrency like how many days will continue this ups and downs.
I think this year is a game changer.
Thanks for sharing this post.
I like your every post
I love Bitcoin ..Resteemit.
At the present time bitcoin price is low maximum steemiter upset see tHis condition..
Between you and @timbo, I don't know who's the greatest cryptocurrency enthusiast. During times like this one, I always love to come read your post for my inner strength and hope. Of a truth, Steem blockchain offers a lot of valuable services through its many platform that its easy to see how easy it will be for Steem to appreciate in value. Lets keep hodling and Steeming. Better days ahead.
Finally a positive article after a flood of FUD articles.
2018 will indeed be a greater year for steem.....the more members participate actively in building the community the more success is achieved. Was introduced to this community just fee months ago, now I am loving it more and participatng actively because I really want it to be a succes
Never knew a platform like steemit existed, a platform that rewards intellectual works and the diligent ones.
I am proud to be part of this community and whatever it will take to make it reach it's zenith of success, I am willing to do it.
Usually the beginning of anything is not easy but consistency, diligence and perseverance makes the thing a success.
Cryptos like steem will definitely lead the way.
Lovely update @taskmaster4450
While I don't really trust any "experts" - I do agree that utility tokens (or whatever people are calling them these days) are where it's at. It's the reason I'm so bullish on Steem and Steemit. I see Steem as a wonderful platform that other people can build on top of. It's interesting that the so-called expert mentions Ethereum. That's one of the cryptos that I also really believe in. The more I learn about its founder (Vitalik Buterin), the more amazed I am. (he's like a teenage boy genius!) He really sees Ethereum as a platform to build apps on top of, and so there's the "utility" that you mention.
i like it, perhaps steem and sbd go up again.
resteem this post.
I love crypto enthusiasts honestly..
And I love optimist more.
I've seen a couple of post recently about crypto coming out from the dip and skyrocketing later in the year.
And I feel this is a good news to many including me.
So I think we should be patient and watch the market unfold.
I believe for every increase in the Btc market, it has a way of positively affecting other alt coins.
Thanks @taskmaster4450 for sharing
Its a really good news.
Yes, finally there is light at the end of the tunnel. After several weeks of constant negative news and updates, positives have started to come from across the world. This is good. Very good.
“Utility tokens and assets with a working platform and a clear-cut reason for requiring both a blockchain and their own token, are more likely to appreciate in value this year. Some of these cryptoassets will not be used for years, meaning they have no utility value,”
its a great news for inverters too
I feel more confident when read your blogs. Thanks for explaining so nicely.
You know how I know that Bitcoin and other cryptos are nowhere near bubble proportions? Because the nitwits on shows like Fast Money are still spreading FUD. When those show hosts are screaming "buy, buy, buy", that's when the bubble will be nearly fully inflated.
I agree with Steem, but doubt the rest. Especially a BTC with this utopian prices would mean, that the whole crypto market will stay dependent on it, and I guess this is nothing we all are looking forward to....
We see soon... but steem is strong ...and very strong .
I don't find it that difficult to HODL. I just ignore the bad news and get one with my day.
Whatever happens this is year it is going to be spectacular :)
"Experts" in blockhain are a handful of people - vitalik, dan and 5-6 more. People smart enough to not make such predictions. Other experts said that it's a bubble - lol. Only time will tell, I guess we are a lot more educated than CNBC regarding blockchain and crypto.
Coins mentioned in post:
It's a tricky thing.
We have people purchasing Steem because they use it on the Blockchain, and then, obviously we have the investors that only care about price action. Investors are clearly extremely skittish and run away at the slightest issue. Instituitional investment manipulates the price for its own benefit and requires retail investors to make money off. Retail investors are still in the bankers grips though, they won't risk their Fiat bank accounts to buy crypto.
Australia has 4 big banks. Of those 4, 2 have cancelled the accounts of people purchasing from Coinbase... but last week all 4 came out and said they won't do that any more... and I think that's because we're getting to that critical mass point where the banks can't afford to treat people so badly. They now need us more than we need them.... which is as good a sign as any that the future of crypto is bright. Despite the last couple of months.
I ordered my Monaco card last week... we'll be able to make any purchase using a range of fiat and crypto at anywhere that accepts Visa. This is huge! We won't even need retailers to accept crypto.
The bottom of bitcoin is around $3,500..but we should stay well above that...the fundamentals of mining support those price levels...should we see a massive drop in hashing power we can expect a drop in price but that is not happening anytime soon
Hey! A wonderful article and I found it thanks to a resteem by @swissclive... I wonder if perhaps you have any advice for me...
Right now I have a few thousand pounds worth of Silver Coins at home. I am currently travelling in Guatemala. I keep getting the feeling I should sell my silver and invest in Crypto, especially Steem, because I truly believe in this platform and this coin.
What are your thoughts? Maybe it would be wise to keep half my silver and put half into Steem. I just don't know what's best!
Any advice you could offer would be greatly appreciated.
This is a really informative post and it's made me so excited about the year ahead!
Thank you so much for writing and sharing this. I've upvoted and resteemed because I think others need to read this too!
With love
Hart Floe
<3
No matter how much of an expert you are, no body is able to predict markets with 100% accuracy. So I am wary of these articles. However if we look at the total market cap crypto is at around 400 billion now. Amazon is 200 million market cap bigger and that is just one company. I firmly believe it's still too early.
I think a utility crypto for burning calories would be awesome, but it would need a cap on it, so that no one over works.
It's good to see that specifically utility cryptocurrencies are being mentioned here, as it specifically goes more towards Steem.
Oh! my god,seriously it's a true?
Buying gold and silver and adding Steem to my portfolio, by creating quality content, that's my goal for 2018 and beyond.
Upvoting your informative content and the knowledge you bring to the table, helps all these new Steemians to understand the Steemit lingo. Keep it coming Task. 😎
Looking forward to that. And holding and building right now...