Thoughts on Currencies and Valuations

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(Edited)

There will always be people attempting to predict the markets. This is not only the case of cryptocurrencies, but something that reflects across all of them. The techniques used are widely studied by people who want to participate of these markets, but mastering them I’m convinced is highly improbable. As much as it may be correct to say that analysts are more right than wrong, but for a really long time I’ve been trying to think exactly why that is the case.

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What I’m attempting to express is hardly complicated. All the technical aspects used to read charts, the RSI, the moving averages, the bullish flag, etc. Might be attempting to predict market sentiment, the reaction of investors and not so much the asset’s value being traded. In other words, an unspoken agreement is made between those who are looking at the charts and a majority of investors jump in at the point of maximum agreement.

I’m thinking of this because this says very little about the value of an asset. If you were to think logically about the value gasoline for that matter. I doubt your way of looking at its value would be to attempt to predict if others would be willing to pay the same price for the gallon. You know you need it, you know it’s going to be used, so you simply purchase it.

If you are wondering why this is relevant to me or why I’m thinking about this today. Well, that is because I think a token like Steem is very close to becoming a usable asset and leave its days of exclusive speculation behind. The way I understand the upcoming SMT’s are going to give Steem the much needed boost it deserves.

I’m aware some might disagree with me on this matter, but I’m willing to backup my claims. An exclusive speculative market is extremely vulnerable to short term sentiment. If someone is speculating on Steem for example, that speculator is hardly interested in the long term valuation and a lot more in the short to medium profits to be made. This in turns gives Steem its current volatility making it harder for Long term investors to make the leap.

I’m saying this not because I believe speculation is a bad thing. In every single market in existence speculators are what give assets their liquidity thus making them an extremely important element of the ecosystem. But a healthy asset class, and more specifically a healthy asset’s value should probably not be exclusively derived from speculation.

Since it seems a little obvious to me at the moment that the speculative market is mainly driven by market sentiment, it’s also obvious that if someone would want to do something to improve the value of an asset, that contribution should be focused on improving sentiment. In other words, a positive representation of the asset, a proposed application, a working product.

On these respects Steem has a huge advantage over other assets on the cryptocurrency world and as such remains a blockchain no investor could really dismiss lightly.

I remain positive about the future of Steem as I believe it’s right on the brink of a huge transformative transition. @steemitblog has been extremely active keeping us informed. Something I’m told is fairly new, and it’s quite possible SMTs will launch before years end.

I hope many here remain positive and not allow fear to dominate. There is a lot of track before the true take off.

Steem on my friends...

@chbartist



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Its great to read such article but when someone predict the market i feel like what the hell is that guy saying.

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I agree with you what you say about steem it will going to touch new heights in future. What I that if the steemit community grows value of steem will also grow I’m I right sir @chbartist

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(Edited)

The crypto market on its own is filled with its share of uncertanities .No one exactly when the bullish run is coming or when the slow down is going to come every one is using one or other set of basic methods to predict the movement no body can claim and be sure about what or how it's going to move .I think that's why so many people are attracted to its same in every phase of life. No body knows what's up in the box.
I am super excited for this SMTs . We have been waiting too long for the SMTs but I know that the result of this end product will be damn good.Although know I finally know it's happening and happening for good.

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Yes it is true that predicting cryptocurrencies is a complex work.Also steem is a good asset as you suggested,agree with your article.

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Yeah, people always predict about Cryptocurrencies market on the basis of chart's and past behavior of market as well as current news and fud in the market. Chart's studies and News or the only source to predict any thing about Bitcoin and other currencies..

But some times their prediction become right and some times their prediction becomes wrong...

But I think Cryptocurrencies market is highly volatile and uncertain market so it is difficult to make any prediction about this market..

By the way @chbartist I was missing your blog for past two weeks.

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Yes, you are right Steem can gives us a good profit in future.
we can see in January we got 6X in the comparison of today price. It can be a sleeping giant. When it start moving it will fly like a space ship then we see STEEM to the moon.
What you think How much increase we see in December,2018 in Steem Price??????????????? @chbartist

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Exactly I agree with you, in steem short term market is not leap.. And people thinking for the long term in steemit will be have more profits.
@chbartist But can we trade in this volatile market or we should wait for hiking of bitcoin price or ICO prices?
Nowadays market is totally volatility we cannot say anything.. let's hope for the best 👍
I hope you will clear me doubt.

By yours,
@majestyman

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You are right sir
What do you think about steem can touch $100 in 2018 end

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That seems rather optimistic. Not impossible but optimistic. Not even sure the value of steem will fluctuate widely in the long run, up or down, seen as the supply isnt limited like in the case of bitcoin. Though, vests obviously will gain value even just due to the generation of more steem which holders of vests benefit from through the exchange rate (and thats fixed by the system) of vests to steem and vice versa changing to vests being worth more and more steem... Whats it worth in real money... Well, thats allways going to be based on how people feel about it, just like with anything else thats of no utility value, such as all currency or precious metals (precious metals are in reality also pretty damn worthless if it wasnt for us arbitrarily deciding it had some worth...)

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The only thing that makes money have value, is the fact that everyone BELIEVES that money has value.

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all money is faith based. Faith it can be spent. once the faith is gone it is just paper.

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Power resides where one believes it resides, same goes with money. As long as people believe it has value, it has power. So yeah, just transfer me your useless money to my bank account so I could show you how stupid money actually is, don't worry, not a scam.

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(Edited)

hi^^nice too meet you!

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I liked the way you are looking at steemit, meanwhile I do believe the matter of "Trust" should be considered. It will convince people about any assets like steemit etc.

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Steemit is not an asset, Steem is.

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Jajaja. Muy interesante y ocurrente tu comentario. Pero es cierto, estoy de acuerdo contigo en cuanto a la energía que tiene el dinero. La gente le da un poder casi sobrenatural, tanto así que transforma a las personas si no saben canalizar esa energía.

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cryptocurrency market are highly volatile and there are no one in the world who can make right prediction on bitcoin.

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The Dollar is a currency based on racketeering - Take the Petro-Dolar out of the picture and the dollar will crash to the bottom! That is why they need to keep killing innocent people in the middle east, so that fat muricans can still pay for their burgers!

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Funny how he talks about how the Federal Reserve controls very "delicately" how much money there is in supply. He conveniently forgot to mention that in 2009 the Federal Reserve printed over $2 trillion and went to foreign banks. And when questioned about it from Congress they basically gave no answer and stated they didn't need to tell Congress. how's that for transparency?

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seya agree with your opinion @chbartist, steem will be more secure compared with storing other assets. although now the price is mired I am sure that will come will be a very good price spike

Posted using Partiko Android

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Steem is a highly potential cryptocurrency but till date it has no practical use outside of the steem blockchain. It is mainly used for rewarding the content creators but those content creators are very few who receive reward for their good content. Take the example of your post. You received 251 votes (when I wrote this comment) but what is the current payout? It is just $1.20 while some others get more than $100 even if they receive only a few dozen votes. Is this justified? No.
Also, the long awaited SMT is nowhere till now. So, the future is still unclear. I am not a pessimistic person. I am rather skeptic. Nothing is going in right direction till now. I don't know what future will bring for us.

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Congratulations!

This post has been upvoted from Steemit Bangladesh, @steemitbd. It's the first steemit community project run by Bangladeshi steemians to empower youths from Bangladesh through STEEM blockchain. If you are from Bangladesh and looking for community support, Join Steemit Bangladesh Discord Server.

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YOU ARE INVITED TO JOIN THE SERVER!

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Powerful words.

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(Edited)

Well, that is because I think a token like Steem is very close to becoming a usable asset and leave its days of exclusive speculation behind. The way I understand the upcoming SMT’s are going to give Steem the much needed boost it deserves.

How can you take a statement like this seriously? It's already a usable asset.

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Hey bro,@chbartist you post really very impressive blog and i am totally agreed to you.
But can we trade in this volatile #market or we should wait for hiking of bitcoin price or ICO prices?

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@chbartist, do you think that digital currency is useful to thrid world countries in their economic growth? Some countries declear band upon bitcoin,eg. India. Is Valuation of currency most effective to socio-ecomic development?

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I agree with you man . But at this time it's very difficult.

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I have not enough experience in this market. But I think this whole market based on your luck.

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Try Coinbase, out of all the Crypto exchanges it's the least of a headache. (I speak from painful experience).

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definitely for sure steemit will become usable asset , but again it has long way to do many things , before it reached any where near to bitcoin , Steemit platform and steemit promotors will need to work hard to get this done , lets hope for the best , thank you for this update , lets work successfully together.

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I wish more people would just accept cryptocurrency as a form of payment

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Only if there is regulation to control the pump and dump

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Look at Gold, there's regulation to prevent corruption in that market but there's still manipulation going on to this day.

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austin101 if there wasnt, itd be worthless. Other than a few high end uses such as high conductivity gold is utterly worthless.

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"currency" in cryptocurrency defines it as means of trade.

Unluckily (or luckily?) it's considered by many as sit on chicken egg till it turns into golden egg.

Even the late ones in the game hope not to be the last in the game. So the value of whatever TOP crypto they have will probably just go up.

Is it good or bad? It's obviously good.

If Bitcoin was worth $1 like in 2011 or 2012, there would be no headlines and the adoption would be 1% of nowadays adoption both by users and retailers. There's won't be any significant retailer accepting BTC, LTC ...
Because of value, Bitcoin became TRENDY and as payment option (and other crypto's) became the must have for progressive companies.

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APeople starts accepting crypto as real money 💰 that will happen but slowly may take years ..or it may become precious metal which we got after mining like gold ...

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Not possible for a long time. The US government only takes dollars to pay taxes, not Crypto. Until that changes there will always be need for fiat.

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but also since bitcoin is a fixed supply that will be over time people will want to hoard it

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headspace21 thats not actualy an issue though. Yes, you only have a limited supply but you can send 0.000000001 bitcoin if you want to. That would be 0,0000082 $US at the moment. Hording will only drive the value up, thus eventualy prohibiting very small (or urgent and relativly small due to not including a fee or a low fee for the transaction) transactions, but not really a problem. Bitcoin of course isnt the only currency available though the only one that thus far has wide acceptance with big corporations.

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Check out Arizona leading the charge. They're in the process of accepting crypto to pay for property tax. Long time is very broad.

Put it this way, any country who doesn't accept crypto as a way of tax is going to end up as a third world country.

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Crypto is still in its infancy. The debate is still on whether it is a payment mechanism or a store of value.
The current volatility discourages businesses from accepting it .
Like all new things, crypto has to go through the adoption cycles. For example, early adopters of electric cars suffered the first years on finding places to plug in, today there are more and more charging stations popping up around; not enough but a huge improvements compared to few years ago

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on one hand, the speculative nature and potential value of the blockchain-based crypto sways people into not using it as currency. on the other hand, there aren't enough places currently accepting it. thus, it is a bit of a standstill at this point. with that in mind, loads of potential and i'm really excited not only for payment, but all the ways blockchain and crypto can be used to help people in a decentralized way.

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These damn wallets need to be set up so I can send a set amount of fiat to people and it just automatically, using market rates, gives them the appropriate amount of crypto. And every store operator needs to be able to instantly convert their crypto into fiat, else they will be too scared of the downside risk. It's one thing to lose an investment its another to have your business crumble.

Obviously big companies have less to worry about, but for the little guys who have started accepting their favorite altcoins it can make or break them. I know NANO has quite a few small businesses that accept it as payment.

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We won't have global acceptance of crypto currency until businesses begin to accept Crypto as payment for everyday transactions. And I mean accepting it directly without the need for an intermediary.

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CryptoCurrency was the next world 20th-century future and will be everyone accept him and Crypto was grown just with the help of Markets and people will increase the markets.

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Only few guys could have profits from speculation in a very high terms!!

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Hi frnd..... I like your way of explaining that how your are looking on steemit.... It should really be appreciated.. So far as value of money is concerned... It's absolutely the way you believe on....

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yes i agree with you Steemit is good asset as u said in your article.

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Hey great post i will be interested on knowing the detail about it

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Thank you for sharing your toughts. I think steemit might have a bright future.

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I do not know anything about cryptocurrency, I have to know everything about it

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The whole cryptocurrency market is based on wide spread speculation. People are willing to pay the prevalent prices since they think there is demand for it and someone out there will pay higher prices, thereby making him or her a profit. Technology or its actual value are second nature to people. If there was no speculation, the masses would not have known about Bitcoin, rest alone Blockchain mania. So, there is a bright side to speculation. But I think that is short-sighted and has no real outcome. The real deal is in for the long haul. Steem has a proven working model and that's where it stands out from the rest. So, I, too believe the future is bright for Steem.

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sir i like your post and get important knowledge.. thank sir

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I wish more people believe in the potential and the future of cryptocurrencies in general. The revolution is not stoppable...

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(Edited)

It would be a significant change @chbartist in the world to break those paradigms and accept the @criptomonedas, which are common circulation, great article, excellent work. Congratulations.

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It will take ages until shops will be accepting cryptos. Like for example in Czech Republic are still many shops that are not even accepting visa cards.

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Well, Steam (the gaming plattform) accepts bitcoin and many to most german restaurant deliveries accept payment through an app/website which accepts bitcoin. (thats for deliveries, not for you sitting there), so id say bitcoin is being adopted by some of the early majority or at least most of the early adopters.

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The funny thing about technical analysis is that people put way too much value in it when it comes to crypto. In traditional markets most investors see it as complete BS. For example Warren Buffet says TA is ridiculous and doesn't work. Granted I think Buffet is wrong on crypto but he is probably the greatest Stock investor in history. When it comes to Crypto I think TA is completely useless. Crypto is still a very young and volatile market. Almost every crypto that is worth anything follows Bitcoin exactly and Bitcoin bounces around with every piece of news.

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Cryptocurrencies are a great means of payment

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Hello chbartist..great idea, but do you think the predictions can really drive the crypto market? Or can influence the market? As those are also given by the market experts and experience guys..

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cryptocurrency is an investment time will come when the value of cash is very low so it cryptocurrency the you will depend on

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That's just the point - some people predict the markets of others doing business.

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I am totally Agree with crypto currency but in india there are government's Rules are very restrictable ..images.png

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This is not 100 % true bro. Government is planning to regulate crypto currencies. They create panel to give recommendation for regulating crypto currencies. RbI banning banks to provide payment services to crypto exchanges and their customers, not the goverment. Crypto exchanges fight in court to reverse this decesion. Now the results are shown soon..

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Compare to bitcoin, steem price should around 40 usd by now. With all that, I still remain steem believer. I hope steem will soon moon.

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More people would just accept cryptocurrency as a form

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Yes it is true that predicting cryptocurrencies is a complex work.

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The revaluation is unlikely to take away China���s competitive edge, especially if it dampens the recent acceleration in its prices via more imports. Robert Mundell, US professor of trade and Nobel Prize winner in economics (1999), predicted in April that a revaluation would just be a ���drop in the bucket���. It could yield even the opposite of what the US wants, by cooling-off prices in the recently inflating economy; that will make Chinese exports not only more price-competitive.

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Rubique-bitcoin-3-378x252.jpg

But in a present day, all marketer invests in cryptocurrencies....why?

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yes i agree and no losh no profit sir plese help to my blok

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hiiii@chbartist.....it's really a fact about cryptocurrencies agreed with you...

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Predicting crypto currency is really hard cause many there are so many factors affecting the fluctuations of it's price

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Can't wait until no one uses bid bots and you drown in irrelevance

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Haha at least they are buying Steem in order to use bid bots. This is helpful in keeping Steem velocity up.

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You have so nmgood content I started following you and upvoted you too can u please upvote me ? I am new here it will help me a lot

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no doubt cryptocurruncy can volatile.but i think it may change the total money into digital form as well.

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What anyone ever thought that the price of bitcoin will be high. Probably people had not thought about it. But before few months back when a price of bitcoin increase than people take more interest on cryptocurrency so please be positive and support steem. It depends on us how far we can take its price.

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Exactly! My thoughts how can you predict cryptocurrencies or anything until and unless you have a proper data stating this much amount of bitcoin has been purchased and people are demanding more of it.

Great post! Will upvote and follow you, if possible have a look at my recent blogs and upvote if you like it or leave your opinion in comment section anything would be appreciated! :)

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cryptocurrency is more valuable than the other currency in the world, these days cryptocurrency has a wide future and the people who used this have bright future.

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People starts accepting crypto as real money 💰 that will happen but slowly may take years ..or it may become precious metal which we got after mining like gold ...

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Big companies tend to accept at least bitcoin. Steam (the games plattform) does, so does a big german website coordinating food deliveries of restaurants across the nation for restaurants that sign up to it, typicly pizza joints or other ethnic cuisine stuff. Mostly pizza though.

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super interesting this post, the truth

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Future is all about crypto currencies. In future all online transaction will be in crypto. I hope so....

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@chbartist can you please tell me how i can earn from steemit i am not getting even a single dollar by my post please suggest me i will be very thankful 2 u dear

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Yes i am agree with you we have to stick and don't let the fear take over us and time of rise comes and we will be rewarded

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Yeah, I agree completely. I don't think that it's completely a good idea to "try" to estimate where values of given currencies will be at a certain time.

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Economical principles are basically mere assumptions, and this governs any marketing system in the world. Most businesses and markets have survived based on this laid out principles and models, so definitely I don't feel there's anything wrong with predicting or speculating the market as this helps mitigate risk in businessGBWA-20180629144558.jpg. Risk neutrality, is just like living a default kinda life. Furthermore, if a healthy asset value shouldn't be derived from speculations, then what should it be derived from?

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Should I hold onto my steem or trade out for liteocin> It's just a matter of which will rise faster.

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crypto is a best way to get max profit in some time

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Everyone should use cryptocurrencies .. What do you think?

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The world is slowly change. Maybe later people will use crypto as a form of payment

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one day cryptocurrency will be the most popular payment method

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For me It will be the best thing to have, no one is corrupt in this blockchain^^

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i dont know what happend in asia why pakistani and indian governments banned cryptocurrency. even banks debit and credit cards not accept in any online buy cryptocurrency sites work , i try many times but transaction failed massage saw in screen , when i connect my bank help line and ask about transaction faild he simply said goverment banned all these type online sites there sale/buy bitcoin because bitcoin banned .

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Can you explain something to me? What exactly is 'the asset' that backs up the value of either, Bitcoin or Steemit? I just don't understand this part of the whole equation. I think the world is on the brink of a massive shift regarding currency and value and I think its great that you brought this up... the difference.

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Adoption is slow. Legitimate value stores have to prove their use case, and STEEM is for sure in the fight for doing just that.

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Its the real time of digital currencies we can effort it after some time crypto will be needed for us so in future we can't ignore it .

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The people trust in criptocurrency everyday as a comun way of payment. The future is her, right now36504115_1966419740037926_6306241111383867392_n.jpg

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We purchase gas because it’s easy to use in our car, it takes quite a price hike before we consider driving less or not completely filling our tank. For steem I see it as a much used currency behind the mouth piece of the crypto world, Steemit. Sure getting the smart contracts out will be great, makes steem all the better.

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(Edited)

Gold and silver prices are manipulated. The stock market is manipulated. I think now slowly so are cyptocurrencies.

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tu positivismo me agrada, Steemit es pionero y eso le da ventajas, imagino que en la medida en que mayor numero de usuario vean su potencial, le darán respaldo al steem. gracias por este gran artículo

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Cryptocurrencies born as decentralized form of payment but looks like most investor don't understand nothing about blockchain transation and they are not really interested on something that is not "USD<crypto rate"

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The thinking of individuals may changed about cryptocurrency in upcoming time,

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I am totally agree with you.....

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Countries are working on the regulation of cryptocurency. So when al these solved. It must be on its peak.

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Yes defenately. But it requires time to regulate cryptocurrencies. And also crypto exchanges should be highly secured.

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Yep,bitcoin is facing regulatory pressure. When this all drama will over everyrhing should be fine

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Also, Steem is one of the best cryptos out there. There's already real utility.

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Very Incredible Your posts are very good at me for all and for all the friends Steemians all may be your buses better getting forward Amiin.

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Speaking as someone who worked with multiple cash managers for large corporations during my time at Chase Manhattan Bank, currency speculation is a sure way to go broke. Yes, there are those who luck out and make a killing, but the only one in the transaction for whom it is a sure thing, is the broker.

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a place to read and learn about the stories of terror and fear, a place where only fear and suffering and terror is valid,
if you like follow me

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Very good, I like this article, I hope you can give me voted, I have voted for you.@zero12345

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People starts accepting crypto as real money 💰 that will happen but slowly may take years ..or it may become precious metal which we got after mining like gold ...

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I wish more people would just accept cryptocurrency as a form of payment
@techwain

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It is so difficult to predict the exact trend of the crypto market due to its being so volatile. In just a few pump or dump, the market moves significantly and this makes crypto an exciting asset to invest and trade. If you know how the market behaves and know how to play this game then you will earn huge due to its volatility. Steem on the other hand was so promising and I am so excited what steem will bring us in the future :)

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i agree totally. with that in mind, if we have "stable" crypto markets, then the ingenuity of blockchain can be seen by larger amounts of people. in that sense, i'd rather take a thriving blockchain adoption over crypto, but that is just my honest opinion. cheers,-willy

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(Edited)

Cryptocurrency is deflationary it can never be stable... If any one cryptocurrency becomes the de facto method of currency it will still take over 20 years for it to stabilize. And even then maybe never.

The currency is supposed to be international. Though the USD is stable inside the US, its value relative to the EURO is constantly fluctuating. Further the amount of goods you can buy with a set amount of USD fluctuates more than people think. And in crypto this would cause the value of the cryptocurrency to fluctuate as well. I mean more than 30% of the world don't have access to bank accounts, monetary value fluctuates all the time between countries.

If we want cryptocurrency to be used we cannot wait for it to stop fluctuating.. These damn wallets need to be set up so I can send a set amount of fiat to people and it just automatically, using market rates, gives them the appropriate amount of crypto.

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you follow @jigneshbar and i am already follnw you so please follow @jigneshbar and upvotes on my articles

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Alright I will follow you... but your gonna have to start posting some interesting stuff on cryptocurrencies.

What I saw so far was just you listing some well known coins, calling them your top 5 and then posting a two generic sentences about them, information I already knew.

Give me your insights and your reasons.

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i agree , the only way for stability is for usage to increase.

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I upvote you,you can do the same with my posts,thank you!

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i little bit think that steem price can go upto 500-600 dollar in 2021

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As you wrote...People likes predict a lot of things...Cryptomarkets and currencies are exceptional for this! To much people acts like an experts make predictions about cryptocoins or tokens behavior (prices tend) and sometimes their arguments are weak or crazy...but the better if they are wrong, it is always another crazy argument for explain why their predictions were totally different a what happened :)...

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Cryptocurrency will change the future of bank payments!

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According to me, TA not only factor that works, there are many other factors, it only shows the past behaviour of an asset, with TA, only speculation can be made that sometimes go right and sometimes wrong.

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indeed there is so much out there. with price volatility and scams running wild across the space, who wouldn't be afraid to jump in? with that in mind, take a look at this 3-part series on evaluating token sale offerings. it is instructive and looks at multiple sources on the subject matter to compile a collective statement:

https://www.finnoq.com/en/blog/ico-evaluation-1/

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i think prediction comes from expirience ,and for a newbie like me its kinda tough .Started following you your posts are cool and a lot to be learnt from your writing style

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There will be no boundaries for cross broader payments. Every person on any country use cryptocurrencies as a first payment choice. All crypto exchanges should be highly secured. New cyber security experts should be employed in this exchanges. If that happens crypto market achieving unbelievable recors in shorter time period.

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Yes, I agree with you that analysts are more right than wrong because mathematics is a perfect science.

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Speculation but with a strong background and a supportive historical data is not bad. Yet wild speculation without any basis is the most damaging.

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coming future seemit will dominate google alphabit.co and offer more features and revenue options like dtube,dsound, definitly steem Price will be Predictable upto $4.00 End of December 2018
Future Digital crypto world steem will Dominate the market ,no doubt..

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In future all the payments are payabe in cyptocurrency.....
I am waiting for this moment in future..

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Sir,what are your thoughts about future of cryptocurrencies?

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It reminds me of government released statistical analysis. They are quite often fabricated or speculative. Their convincing effect however, shapes reality. Voila!

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It is very difficult to predict about Crypto market but its attract huge people day by day.

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Wao nice tranding in ur new post good luck for more

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Completely agree with you that Steem is on the brink of a huge transformation. Not only steem but the whole blockchain community is going to witness a great transition. You have rightly mentioned that speculation is driven by market sentiments but i would like to add that cryptos are also driven by pump and dump method which is done by some group of people for short term gain. But all in all kudos to Steem for giving serious people like us a great platform to share our views and also get enlightened on the topics of our choice by learned people all across the world.
Thanks

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In the future, cryptocurrency will definitely be used by more people, but more regulations are needed to regulate the cryptocurrency market.

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I hope that cryptocurrency will be accepted worldwide and people will open their minds on it. Some people think that bitcoin will shutdown cos this kind of currency can be use by terrosist in the way of buying weapons and they can pay for it using wallet to wallet transfer and also its like cryptocurrencies are threat for those banks. just my opinion.

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Yes! I am also very positive about Steemit. I believe this platform will be part of our future. Time will prove us Steemers right that we adopted to this platform early.

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Crypto Currency Market is highly fluctuating with people entering with sole purpose of earning Short term Profits...making it more unstable.. on the other hand Steemit works in a totally different way as there is also mechanism implemented for barring any possibility of arbitrage gain and serious member will retail active and gain in future...

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Anything can be happens here . nobody know ./ predict the exact trend of the crypto market place

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Cryptocourrency good and big futher

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sir please next article in you write on which is the best cryptocurrency for long time investment ?

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I watch market some body pumping some days but most of coins dead or working very slow.Most of investors fear about market behavior. I hope market working well coming soon.

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Yes i am also absolutely agree that due to unstability of cryptocurrency it is very difficult to bring the traders toward cryptocurrency but still a huge number of traders are showing interest this is surprising

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So good to see such a truthful and intensesive post. I've not seen this kind of post for such a long time, based on cryptocurrency. The predictions are "in" by many people nowadays. You came with this kind of stuff can relate to being human
Thanks for this post!

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So good to see such a truthful and intensesive post. I've not seen this kind of post for such a long time, based on cryptocurrency. The predictions are "in" by many people nowadays. You came with this kind of stuff can relate to being human
Thanks for this post!

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yep man i absolutely agree with you but i also take this into account that due to the fluctuation of cryptocurrency it could be much hard for steem coin to grow but i believe with this steem community steem coin get success quicker as compared to other coin

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Steemit offers a remote perspective from speculations. This approach should be congratulated.

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Bitcoin looks more like gold than a currency
Bitcoin.jpg

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago:

So what does the future hold for the world’s first and still most famous cryptocurrency? I see three basic scenarios

No. 1. Bitcoin Triumph: Bitcoin replaces the dollar (and probably other fiat currencies as well) as the economy’s main unit of exchange. People buy pizzas, finance their mortgages and pay their rent in Bitcoin.

No. 2. Bitcoin as Gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely dysfunctional economies like Venezuela’s. But Bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.

No. 3. Bitcoin Bust: Bitcoin is abandoned, crashing relative to the dollar and never being useful as a payment method for daily necessities

One can observe which of these scenarios the world is moving toward by keeping track of two prices: the exchange rate of Bitcoin against the dollar (pictured above), and the dollar inflation rate, which measures the exchange rate of the dollar against a basket of goods and services. If Bitcoin’s price plunges and approaches zero, it’s a clear sign the third scenario is underway. If the dollar crashes against both Bitcoin and real goods and services — that is, if Bitcoin and inflation both go to the moon — it indicates that Bitcoin Triumph is happening. And if Bitcoin rises against the dollar but inflation stays low, it means the middle scenario, Bitcoin as Gold, is in effect.

I have long believed in the middle scenario. Since the total number of Bitcoins that can be created is finite, the currency is inherently deflationary, meaning it has a positive expected return, like gold. Finance theory implies that an asset with a high expected rate of return should also be volatile, which makes it not very useful as money. No one wants to see the value of their paycheck get cut in half between payday and grocery day. But it also seems unlikely that interest in Bitcoin will ever die out, especially given its usefulness in the black-market economy. So my prediction is that Bitcoin will stick around, experiencing repeated bubbles and busts, but slowly gaining in value. That is why I personally still own some Bitcoin.

So far, the Bitcoin as Gold scenario has been borne out by the data. As pictured above, Bitcoin has risen in price even after taking the recent bubble into account. But inflation has been low and steady, showing that people are not abandoning fiat currency either:

So far, this looks very much like gold, which has risen in value despite experiencing a bubble and bust in the early 2010s:
But Bitcoin is only superficially similar to gold. There are powerful arguments for the Bitcoin Bust scenario, in which the cryptocurrency is abandoned. One such argument is made by University of Chicago Booth School of Business economist Eric Budish in a new working paper entitled “The Economic Limits of Bitcoin and the Blockchain.”

All money works via trust — you have to trust that the person paying you in a transaction won’t send you fake money, or somehow take the money back after you give them the goods. Banks, which certify fiat money transactions, have built up a large stock of trust over time, so each new transaction is very cheap to perform — to pay someone a dollar, you just have a widely trusted bank mark your account down by $1, and the other person’s up by $1, and you trust that there will be no funny business involved. But Bitcoin runs on a decentralized network, so there’s no trusted bank — in other words, trust has to be reestablished each time there’s a transaction. The innovation of the blockchain represents a way of doing this via a distributed network of competing players, who get a reward for certifying the transaction faithfully.

But Budish notes that reestablishing trust every time there’s a transaction can get very expensive. If you devote a huge amount of computing power to dominating the blockchain, you can create fake Bitcoin transactions, thus stealing things from people without paying them. Budish shows that in order to prevent this from happening, the payoff for the blockchain players has to be high relative to the value of the attack. In other words, the more there is to gain from an attack, the more each Bitcoin transaction costs.

The value of using a Bitcoin attack to steal things is related to the size of the largest Bitcoin transaction you can make, so this means that in order to keep Bitcoin usage costs low, transactions have to be kept small — which makes paying for things cumbersome and slow.

Even worse, you can attack Bitcoin in order to sabotage and destroy it — perhaps so that your own cryptocurrency or fiat currency can gain popularity in its stead. Budish conjectures that the value of this kind of sabotage could potentially be enormous — comparable, in fact, to the total value of Bitcoins in existence.

And if he’s right, it means that Bitcoin as a whole can never get very valuable. If it does, it either becomes way too expensive to maintain (because it consumes electricity), or it becomes vulnerable to sabotage by a rival. If Budish is right, it means that Bitcoin’s total value has an upper limit. And once people realize that, they’ll abandon the cryptocurrency, leading to the Bitcoin Bust scenario

So far, Budish’s apocalyptic scenario hasn’t come to pass, even though Bitcoin’s market capitalization briefly surged above $300 billion in late 2017. So the danger seems remote for now. But if Bitcoin is going to replace fiat money, its market value will have to reach into the tens of trillions of dollars — more than 100 times higher than anything it has attained so far. The weakness Budish has identified — the inherent cost of repeatedly reestablishing trust under constant thread of sabotage — may make Bitcoin economically unviable. If so, either another cryptocurrency will take its place, or fiat money may continue its reign as the world’s dominant monetary system.

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good morning friends and happy start of the week, as I see it we are still in a very young market where volatility is also given by the big capital speculation to obtain their profits, the market sentiment this year has been varied, as I see it the market reached more than $ 800,000,000,000 and is currently around $ 300,000,000,000, so a group of investors have more than $ 500,000,000,000 in profits, some are prepared for these big jumps and others are not! we can also see that the market is always ahead from what has been achieved , this way it comes the overvalue of an asset by speculation on the price, in the case of steem I agree that it has already reached many goals and its application is incredible, the power of knowledge, influence, strategy, leadership and reward make it a powerful social network, to see its operation and statistics as a network also make it unique, i believe that is going to rise massively, this also depends on how we all involve more people in the space of steemit, we are all part of the growth and change that comes, if we make the greatest effort to involve everyone that can, for sure we will change the world !! Happy week and many blessings

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(Edited)

yes, I say EOS to $1000 before new year:

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i hope too but for this to be happen, market cap of eos must be nearly equal to $ .91T.

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hello chbartist
i read you post i like it and i also like your earning from this post
i also like to earn like you but i can't so can you please just upvote my post please sir

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I upvote you,you can do the same with my posts,thank you!

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I think that sooner or later, crypto being a legitimate currency will be inevitable in the future, since although it's still a bit elusive and volatile at the moment, especially with the pump and dump mechanism which tends to fluctuate, it's reliability will continue to develop. And if it succeeds, it will practically be the most secure and accessible currency + trading system mankind has ever known. Awesome post btw!

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Sounds logic, but I think it's unfair, because you need to invest if you want to get rewards, if don't you are going to have cents posts

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$1220+ in upvotes received (for one page of writing) so far, but only 30 cents in comment upvotes handed out? What kind of channel have I stumbled across? Not one worth another look, apparently :/

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Percieving crytocurrencies as 21st century curriency is a fact which can't be over emphasised irrespective of market uncertainty.
Meanwhile, considering the following fact bellow; Security:
Cryptocurrency systems are based upon cryptographic security and cryptography. What this means is, rather than ‘trusting in the bank’ and its I.T department to keep your money and banking details safe, when you invest in cryptocurrency, you’re trusting in ‘the math’. This security means that it’s highly unlikely your account will ever be compromised.
Anonymity & Privacy:
While once an attractive advantage to those on the ‘dark web’, the pseudonymous nature of crypto is still a plus to everyday investors and traders.
This pseudonymous feature is a benefit which ultimately means that neither a transaction nor the accounts to which they’re sent, are ever connected to real world identities. Once a person is given the crypto address it is almost impossible to track it to them. The addresses are seemingly random chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses
cryptocurrency transaction feesTransaction Fees:
Cryptocurrencies are made more advantageous by the fact that they involve lower fees than any other money transaction processes. Usually there are zero, or very low transaction fees for cryptocurrency exchanges because the miners are compensated by the network.
Use & Barrier to Entry:
The joy behind cryptocurrency is that, unlike some traditional investment methods which are difficult to jump into, investing in crypto is easy, permissionless and accessible to trade with 24/hours a day.
Portability:
Ever tried carrying a large amount of money abroad? Well, we haven’t, but we understand in certain jurisdictions it’s difficult, if not sometimes impossible. Cryptocurrency solves this issue, these currencies are easily and legally portable.
Fast Speed of Transaction:
No Debt:
Unlike the normal banking system, cryptocurrencies have no debt but are the bearer. This is to say that the Fiat-money on your bank account is created by debt.
Controlled Supply & Low Inflationary Risk
Many argue that cryptocurrency trumps FIAT currency like USD and GBP for one key reason – quantitative easing. Most cryptocurrencies operate under controlled supply, which means no ‘printing of money’. In Fact, networks limit the supply of the tokens even in cases where the demand is high.
However, the future of steemit is so bright to stand the test of a strong 21st century currency if not the best.

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You right @chbartist
Price of a token or coin as per use case of it. Use-case attracts investors and investors makes market sentiment. All i believe it's a just beginning. I think in near future, National Crypto-Currencies will take place to their own fiat, Iran is already thinking about it..

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Congratulations @chbartist!
Your post was mentioned in the Steemit Hit Parade in the following categories:

  • Upvotes - Ranked 6 with 1387 upvotes
  • Comments - Ranked 2 with 240 comments
  • Pending payout - Ranked 1 with $ 1217,24
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Total mente de acuerdo con tu publicación, y es verdad que muchos hablan de especulación y así como a algunos les favorece a otros no, pero porque no invertir en herramientas como estas en donde siendo un aporte para muchos, aportando ideas o mejoras a la sociedad sean compensadas, Todos queremos y necesitamos ganancias a corto plazo, pero si buscamos ganancias a largo plazo seria la mejor manera para todos. A decir verdad me gustaría que se generara un sistema "especulativo " y lo digo entre comillas porque no solo importaría el trafico o las transacciones generadas a diario sino VALORAR EL APORTE SOCIAL A LARGO PLAZO. Proyectos como este o SCORUM con un objetivo principal pero del que pueden salir mas ramas e ideas con la que cualquier usuario pueda aportar.

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In fact,I'm suggesting my partner and myself sell stuff by accepting Crypto currencies. Thats the only way to move forward.

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@chbartist Do you really think that bitcoin can cross all time heights this year ? Please give your review

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In our country crypto currency is fully banned by the government as a method of transaction...

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the way you describe my point of view like you seem so wise in reading the phenomenon that everyone can agree or not with your views, the focus of discussion is not on your views accepted or not but how you respond to the dynamics that interest me. therefore I give you vote 100%

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While all your points and reservations have been well established, may I quickly point out to you that it's fine and just natural a reaction for investors in this new clime to fret, considering the economic windfall the block-chain industry has been experiencing lately?

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I agree with you but not 100% because of the volatility of cryptos. With the release of SMT's it might boost and reach the peaks, but one should also keep in mind that bitcoin's peak was 18k and it is again down to 8k.
STEEM also, was at $3 last year and now it is down to 1.4$.
One can make profits in cryptocurrency, as you said, if he nows the right time of bidding.
BTW it was great thinking of yours for explaining expected future of STEEM.

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Your post is always good...........You will continue to have such a good post
steemit is a platform where everyone works together and achieves success

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What I love about Steem is that you can explain the concept without even getting into blockchain technology! That just happens in the background while someone gets money for writing a great piece. Reminds me of apple making things much simpler than the PC. I have been using different crypto platforms for the last two years and not one of them is that simplified that my dad or mam could use it. With steem they probably could.

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mastering a field can make a person's menu a success because with it one can predict the most difficult possibility that will be experienced and it can be a way out of all disaster

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STEEM has a ton of issues to overcome before it will be taking off in price. Not speculating, but unless they begin to control inflation or increase user base price will be stagnating for while.

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(Edited)

I don’t mind the price staying low for a while longer.... gives me a better chance to accumulate at lower levels ..... As soon as I have 100,000 it can skyrocket.

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(Edited)

...

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Seems to be working ok for me. I went from investing zero dollars to earning $40,000 in a few months posting my artwork and photography.

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(Edited)

...

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Ok... thanks for your input. I have seen a lot of artists do very well on Steemit. Better than me. At least they are getting paid for their original creative work here. That is a big step forward for artists like me that have worked years and years and years for nothing at all.

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Many people make nothing on Steemit since they have not read the White Paper. All the Secret Knowledge to make a living on Steemit can be found there,

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(Edited)

...

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I can not even sign up to u.network .... ???? Is it in Test Mode or something ?

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It's very sad @kendrahill that you have such a low opinion about entire population of people here on Steemit.

I've been here less than half year and I met number of valuable bloggers and influencers. People creating great content and supporting others.

I believe you just didn't have luck with getting to know right people.

Yours
Piotr

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STEEM is a great place for Artists and people who CREATE original Content .... My kids made over $1,000 so far.

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(Edited)

...

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It looks like you have been here on Steemit since July 2018. .... 30 days so far ?

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I create paintings, photography and digital art .... I post 5-10 times a day. I wait for 30minutes before I Upvote my own post so that anyone who voted before me share 99 % of the reward.. Curation Rewards.... it is through Giving that you Receive.

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this is a live project, many smart people are involved in it and it will only grow despite the market.

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STEEM truly does have a lot of smart people with fairly brilliant ideas for enhancing and increasing the platform. @icopulse has it right that its a live project. It isn't just some idea someone made for the laughs or just to into the cryptocurrency wave but people have real ideas that can be used with STEEM. Dlive can be a Twitch contender, Dtube instead of youtube, Dsound and Steem Monsters for music and a game integrated to accept cryptocurrency. You only need to have an idea and pitch it so its great that people share STEEM with everyone.

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(Edited)

...

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I think the biggest barrier for entry is the actual process of getting people involved in the Steem Ecosystem. I mean I can see it being complicated for some who aren't very technical but want to know how it works. They have over complicated the system and shot themselves in the foot in a way. For example drawing the distinction between steem ,steem power and sbd and knowing which is more important may take some getting used to for the lay person. Steem cannot remain niche forever or else it will fail. Simple things like making sure users understand how to use the system and signing up for accounts should be taken care before they can charge. But I do agree that I don't see the system surviving without actual valued currency coming in.

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I have seen couple of guys whi invested as very little amount today they are mega rich,all thanks to cryptocurency . My openion on market on all the signal are not reliable, i dont realy know how to invest on steem.

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One of those issues being this shitpost

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I hope many here remain positive and not allow fear to dominate. There is a lot of track before the true take off.

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Wow I love that image so much. Nice one

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Hello, very good content, I liked it a lot, I gave you a vote in favor, I hope you follow me and give me votes in favor too, kisses

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¡Great post! I didn't know about this topic and you help me to understand it a little more.

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Congratulations @chbartist! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Your post got the highest payout on one day

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

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Steem needs to be improved much more.

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Valuation by definition is subjective, The whole market cycle is boom bust with news stories fuelling the fire in both directions.

As it stands btc is now more usable than in December with lower fees and a 60% reduction in price.

When I look at Alts I compare them in btc. fuck USD! BTC should be the reserve currency.

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I think Artificial intelligence and software prediction software will be the main stay. There are many software available. However I suggest using one programmer or team of programmers from taskeveryday.com. With their expertise they custom program a software that is vetted by a expert in currencies and economics. Outsource and be the boss. Hope this helps inspire anyone to be successful by leveraging and utilizing capable and skilled talented people. However, You as the buyer and customer must know more than them and let them do the work. Hope this advice will propel your business and investments to the next level of greatness. All the best to Everyone.

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I think im gonna make Flyers about Steemit and crypto and put them in all the mailboxes on my street, offering to help with any troubles they may have. I believe we should do more simple things here and there. Tell the lady at the gas station how you just made $300 off an article you wrote. Get their attention, tell them a little here, a little there, eventually they’ll decide they need to start looking into this stuff. The only way we could possibly find a shortcut to the moon, is if we get a lot more people working on it right now. One percent of the world owns crypto. So if only one percent of that one percent posts online, or actively talks about it, then it might just be September 2019 before we see prices around 20k again. So we can wait, or we can do more. I choose to do more. Or at least put in more effort to do more. Personally I should have jumped in here months ago. Finally got an account tho so no excuses for me. Im gonna help get this show on the road. And definitely maybe tell the younger folks, they make up the majority of the work force and might just be the ONLY ones that will listen. We want to make money, its a job, we gotta work for the "companies" we hold value in. If we don't do our part for crypto, crypto cant do its part for us. Good vibes only, peace.

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(Edited)

I think im gonna make Flyers about Steemit and crypto and put them in all the mailboxes on my street, offering to help with any troubles they may have. I believe we should do more simple things here and there. Tell the lady at the gas station how you just made $300 off an article you wrote. Get their attention, tell them a little here, a little there, eventually they’ll decide they need to start looking into this stuff. The only way we could possibly find a shortcut to the moon, is if we get a lot more people working on it right now. One percent of the world owns crypto. So if only one percent of that one percent posts online, or actively talks about it, then it might just be September 2019 before we see prices around 20k again. So we can wait, or we can do more. I choose to do more. Or at least put in more effort to do more. Personally I should have jumped in here months ago. Finally got an account tho so no excuses for me. Im gonna help get this show on the road. And definitely maybe tell the younger folks, they make up the majority of the work force and might just be the ONLY ones that will listen. We want to make money, its a job, we gotta work for the
companies we hold value in. If we don't do our part for crypto, crypto cant do its part for us. Good vibes only, peace.

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Awful. Not compared to the worst, but compared to anything that’s ever been paid for IRL. No idea What kind of person you are otherwise, but whatever you’re doing here, it’s not great to say the least.

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bitcoin has some upward direction now..

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Wonderful thought, positive mind, positive energy, healthy body, beautiful picture posted by you_ i completely support you. Thanks for giving us this kind of opportunity.FB_IMG_1532874800261.jpg

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@chbartist hi today i posted a similar article on crypcurrency . Kindly upvote me. Thank you in advance

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(Edited)

It' very lovely sight seeing. Good photo~20180731_104656.jpg

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Its difficult..but hope everything will be good for crypto lovers...what do u think?

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Will the price of steem dollars increase in upcoming week/days ??????

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Love this picture! Check out my new post. It is about my first shoot i did 6 years ago.

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I'm totally agreed to you mind. This is a very AWESOME project. I appreciate you for this. Really impressive post. WELL DONE :)

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This is my thoughts on valuation ;P

discord-moon-lambo.gif

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well in steem for the longterm, so this is positive!

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SMTs will give the value of steem to rise and we are just in the beginning of its history as one of the most successful tokens because as of now applications on top of the steem blockchain are adding up along with its users and soon the steem token will get scarce and will make its price rise. @chbartist

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Yes,definitely future of cryptocurrency is very much bright for everyone's life in coming future.

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The dollar will be down soon in future..!!

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Crypto will have a bright future as it will gain its reputation amongst the common @chbartist

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You are right and i agree with you in believe that cryptocurrency are here to stay block chain is revolution.holding cryptocurrency for long term give you definitely huge profit

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I want my country government to let me buy the cryptocurrency ..

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I’ve recently seen a surge of posts on the use of cryptocurrencies as actual currencies. This is extremely interesting to me because I’ve been thinking of cryptocurrencies as an investment for quite some time now. But that could be purely a result of the recent price appreciation, and I’m always willing to examine new evidence to change my thoughts.

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steem will follow bitcoin just like all the others will

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This is amazing.... Great display of indepth Knowledge on subject...
Kudos

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Sounds like this shitpost was created by an AI. Steemit is such a fucking joke these days

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You got a 4.10% upvote from @upme thanks to @chbartist! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

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On these respects Steem has a huge advantage over other assets on the cryptocurrency world and as such remains a blockchain no investor could really dismiss lightly.

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You are viewing a single comment's thread from

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The cryptocurrency market is very volatile and unpredictable. Crypto assets are full of hopes. Like the technological evolution, the cryptocurrency is going to evolve and become better and better. The potential is therefore unprecedented, which is why Blockbasis wants to support this continous development through our platform, where users can send and receive cryptocurrency like Bitcoin, Ethereum and more with just an email address. Besides sending and receiving via email, users can exchange cryptocurrency on our DEX.

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Oh wow wow wow. I never seen before this type beautiful photo

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Oh wow wow wow. I
Never seen before this type
Beautiful photo

                 - anon9


I'm a bot. I detect haiku.

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I really like every post you, I always follow you, but I hard to get into your steemit, due to inadequate internet network, how can I help you ??? @chbartist

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your article is very good. At the moment we just leave behind the currency. That is not right. We do not evaluate anything. But your writing has to learn a lot from the people of our society.

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we have no fear about dominance...... as we saw last year bitcoin will run like a bull just within 1 to 2 weeks from bottom to moon.

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Just checked your profile just to realize that we seem to share a number of interests :)

In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

I believe that STEEMIT will still face many challenges and the fact is that SMT is still nothing more than promisses. It can be easily biggest dissapointment ever since hype is already so great.

big fat upvote on the way! :)

I will follow you closely :)
Take care, Piotr

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@chbartist - what do you think that predicts is always right ? i am asking because some people believe it.

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@chbartist sir what you think about litecoin price going up or down bcoz i am going to buy some lite coins ???

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This is really educative for a crypto currency fanatics like me. Thank you

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This is really educative for a crypto currency fanatic like me. Thank you

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Great article I like reading 📖 it

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me too have a lot of good information !

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(Edited)

Great post, Thanks you.

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The market have a lot of speculation but still you can predict the flow of where it will go just need time for study the market just that, good article btw you have my upvote ! XD

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i think steem has more than enough intrinsic value to stick around for the forseeable future :) nowhere else quite like steem

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Thanks so much for this word of encouragement

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