As a hypothetical John Snow would have put it: "the winter is going away". The crypto winter, that is.
And boy, it's been a cold and harsh winter in the crypto land. The shrinkage was dramatic, with the king of tokens, Bitcoin, going as low as $6,000, after reaching as high as $20,000 just a couple of months ago.
But nothing lasts forever. Not even a harsh shrinkage.
Today Bitcoin pierced through $11,000 and the total market cap of cryptos climbed again after half a trillion. Chinese New Year is already behind us and there's a lot of positive expectation in the air.
It's quite easy to get carried away and expect that the following period will copy the last years pattern - which is to keep climbing from this point on. As I do believe this is the tendency, I also believe we live in a very different world now, compared with, let's say, last year.
We have regulations coming in, Bitcoin futures (which is not a very positive thing for the price, mind you), ICO rules and bans, scams going down the toilet (BitConnect) and a lot of mainstream publicity for Bitcoin itself, which tends to become famous because, well, it's famous.
The winter that just ended (in the crypto world, not outside, where it's still ugly and cold, at least in the part of the world I'm in now) also took with it a lot of hype. People are starting to see clearer which currency is just a scam and which one is here to stay, they are getting better at spotting "pump and dump" schemes and, overall, they are less prone to "just dive in".
So while the ride may still getting us higher, I reckon it may do so at a slower pace this year.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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