Hello Steemians, I have a quick question for everybody here:
With Crypto currencies falling across the board I am curious as to which coins people are holding and what price (USD) you would sell off at? If BTC hits $2000 will you sell? What if it hits $200?
Clearly blockchain technology isn't going anywhere anytime soon (we're just getting started baby!) but will any of the current crypto-currencies be around in ten years? It wouldn't take long for Bitcoin to go from $5000 to $2000 and then to practically $0, a reality that so many people seem unwilling to consider (until it's too late) and I suspect most people are nowhere near prepared for. Of all the cryptos out there, a handful (if that) will survive the next ten years.
I think that similar to the dotcom bubble, we are going to see major players emerge as the winners and the rest will crash and burn (along will billions of dollars). Major companies such as exchanges, miners and other services will be acquired by larger companies who lobby the government to create strict regulations, keeping only a handful of currencies in circulation (the ones theyare invested in). Coins that operate solely in the black-market (and/or anonymously) will not be accepted by any major institutions, only ones approved by the government will be accepted. With the recent crypto projects by Venezuela and the Marshal Islands, it's safe to say governments are starting to consider making their own. WHEN this happens it will be game over for most coins.
Let me know what you think below, there is no better community to get information about crypto-currencies from than Steemit, so please leave a comment!
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@ozwald