I sincerely hope that all the non-crypto people that joined Steemit over the last year or so, does not still have the question if Crypto or Bitcoin or any other coin for that matter is just another fad and think that it will fade away in the future.
Blockchain is just too useful for humanity
The underlying technology of Bitcoin, brought a giant leap into technology advances. The Blockchain is just to powerful technology to go anywhere. It will solve many problems which we are facing as a human race. It might not be able to counter things like Corruption, Fraud and other issues which we face as a civilisation, but the values that lies in Blockchain is Transparency, Auditability, Immutability and Better Security. Corruption will always be there, but now we have an audit trail, of everything, and most importantly it is tranks ansparent.
And what about Crypto Currency?
In my opinion, the only reason we still have banks is basically because Banks are the only entities that are trusted by everybody in the value chain. We have banks because the world needs a place where we can transact. People need to receive there salaries somewhere and people need somewhere to pay their debts from. Before Blockchain and Cryptocurrency, there were no other trusted entities. Well, this is what Blockchain and cryptocurrency brings. It is a trustless entity, which means, that is is so trusted, that nobody even needs to question the trust.
Building a Crypto Portfolio is of the essence
Each and every one of us can be seen as early adopters of the new technologies, which includes both Blockchain and Crypto Currencies. I am not a financial expert, but in my opinion, there will always be Crypto Currencies. There will always be new projects, but only a few will survive in the long run. I see Bitcoin as a store of Value, the new gold standard essentially. I do not believe the slow speed of payments on the Bitcoin Blockchain is a problem. I never want to buy a cup of coffee with Bitcoin. There are other better coins and networks for that.
My approach is to gather a little of each of the projects I believe in. I gather a little bit of each of the coins of projects that is essential for the world to operate in. I keep these coins locked away and hold on for dear life as in 5 - 10 years from now, I am pretty sure that these coins might be worth 100 maybe a thousand if not ten thousand times at which I bought them at.
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