I don't really subscribe to the idea of holing elites on pedestals. They are human like you and I and as such can make mistakes. However, this does not mean that every now and then someone of note won't say something that leaves me scratching my beard in surprised approval.
Known to the "mainstream" world by the antivirus, and to the crypto enthusiasts for his outrageous predictions, constant coin shillings and over the top personality, Mcaffee is someone you just can't miss. I personally don't think he is that fantastic, in the sense that I'm willing to bet he has taken large sums of money to shill some coins, but then again, would any of us do different if presented with the opportunity? Maybe not, maybe we would all learn to dance the chacha if there is enough 0s on the check.
Like thousands that participate of Steem I'm sure, I follow John on the twittersphere. It's the best way to know what he is up to, and being someone who can move markets with one tweet, I believe all of us should pay close to attention to what his thumbs are doing.
The video that has me thinking this morning both makes me very bearish on hundreds of cryptos I personally like, and super bullish on this one we are currently participating in. The logic is hard to argue with, and as much as I'm trying to poke holes in it, it seems to hold water very well.
The video is very short, and honestly it does need to be any longer. The argument if you can't be bothered spending a minute on the video (you've read this far, but OK) is that if there is no application for the currency, if there is no effective users of the currency, if we just hold it in exchanges waiting for it to pump so we can make money, the currency no doubt is bound to fail.
This translates to this in my mind:
There is no such thing as a safe investment, of course not. No one could tell me they can guarantee 100% success rate on anything, and if they did, they would be either idiots or liars, but there is probably no other choice. However, in this cryptosphere where you can wake up one morning with a market that stabs your portfolio into double digits reds due to one Korean FUD that just got reheated on the microwave. Steem, is probably the only crypto I hold that does not hurt my liver.
The capacity utilization Index of Steem has not even hit 1% and that is saying something. Ether which is a crypto I hold in high regards is attempting to keep up, and we have not seen the new wave of crypto kitties, crypto zombies or whatever it's going to be take over the network.
Don't slow down, Don't stop posting, Don't think to yourself... OMG THE MARKETS ARE RED!!! So what? If the proverbial boat is sinking, is the right course of action to stare at the water pouring in? Or is it better to work harder to keep it afloat?
I'm sure you will agree with logic on this one too...
