With A Drop In Price Comes Negativity: Time To Look Up

We go through this each time STEEM heads lower. There appears to be a relationship between the price and the tone of the posting on the blockchain. As prices decrease, negativity increases.

At times like these, it is good to take a step back and look at what is going on. There are a couple of points that I want to cover which could help some.

We are getting very close to a bull run in cryptocurrency. This is something that I do not know exactly when it will happen but I would guess in the next 3-6 months will see things start to take off. Wall Street is very close to taking action. The last 8 or 9 months saw a lot of activity with them positioning themselves.

Throughout the year, we saw a major FUD campaign taking place by the media. A big part of that was the financial media specifically CNBC and Bloomberg. These two networks have little positive to say about this industry which is not surprising since they are beholden to the banks like most everyone else in the public eye.

Yet we are starting to see a change. There was this report by Bloomberg that casts tokens in a different light. No longer are they scams, worthless, or going to zero.

This is a short video that I suggest everyone take a look at.

I wrote about security tokens on a few occasions. As you can see, this is taking place. There are hundreds of trillions of dollars in art, real estate, and intellectual property that is not liquid. A great deal of this will be tokenized which increases the liquidity.

Of course, at present, and probably the reason why Bloomberg covered it is that these tokens are only available to "accredited investors" i.e. rich people. So once again they are establishing a system where only the elite can partake. Fortunately, as we move towards decentralized exchanges we will see this change.

The best part of that video was the reference to the transaction being completed without the need for a bank. There is a note on that $30M building that comes due in January. The process of issuing a token enables them to pay back the note and sell the units at a more "normal" pace. This is just another example of how tokenization is a win all around with the exception of the banks.

Another video that I watched which is helpful in times of negativity covers one of my favorite topics, development. As you all know, I believe that the development of the DApps is the true barometer of what is taking place. Prices will run and pull back but the coding that is taking place is consistent. We are seeing a lot of growth from those individuals who are involved in that.

The video that I am referring to came from Steemfest 3. It is about 30 minutes long and will really get your juices flowing. It has presentations by teams from a number of the applications on this blockchain laying out their plans. It is a worthwhile view.

It is important to keep in mind these are just a few of the applications on the Steem blockchain. There are at least 5 times as many that were not presented there. Naturally, not all the applications are going to be huge but the point is we are seeing a lot added to this blockchain. If only a few breakthrough to the mainstream, Steem will be see enormous growth.

Last week, Joe Lubin, the co-founder of Ethereum made some news when he said that we are going to see a radical overhaul to society. The reason for this was decentralization. With blockchain, we have the ability to create businesses that are decentralized in nature, breaking away from the old model. Web 3.0 enables people to control their data and decide who gets it. This entails compensation, something we do not see now.

These ideas were not only covered by the major crypto sites but also Forbes. This is as mainstream finance as you can get. Suddenly, they are paying attention.

https://www.forbes.com/sites/billybambrough/2018/11/12/ethereum-co-founder-predicts-a-radical-overhaul-of-society/#6506a213f60c

These are just three examples of what should get everyone excited. One thing Lubin did mention is that things would take time, at least another few years. This radical transformation is not going to take place overnight. Yes, we could and, most likely, will see the bull emerge. As I said, prices ebb and flow. The true transformation will come from the development that takes place by millions of innovators. That process cannot be sped up.

With each passing day, we are getting closer to that date. There will be a tipping point when the masses will see what is taking place.

And when that does happen, those who were involved early will be very happy.

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