It's starting to feel like the good old days again!

jrcornel in #crypto • 6 years ago

It's starting to feel a lot like the good old days again!

With prices flying up, positive sentiment emerging, and of course popular crypto sites crashing... it's starting to remind me of better times.

I tried to login to my Coinbase account earlier and this what I saw:

(Source: https://www.coinbase.com/dashboard)

Reminds me of what we used to see during the late 2017 and early 2018 euphoric periods.

Back when Coinbase was on-boarding thousands of users per day.

Now all we need is multi-dollar steem prices and it will really start to feel like the old days again!

Anyone have any ideas how we can make that happen by the way?

I feel like we really need to get steem listed on more exchanges if we want it to fully participate in these bitcoin/crypto pumps.

Perhaps we can use the DAO to fund some steem exchange listings? Seems like a great use of the funds to me...

Though, admittedly, it may be a tough sell to get steem listed right now if we are just going to have to HF (possibly multiple times) right away after the listing...

Either way, probably still worth the shot, and overall glad to see some positive feelings in the crypto space again, it's been far too long!

Stay informed my friends.

-Doc

#steem #palnet #steemleo #marlians #dblog #bilpcoin #blog

6 years ago in #crypto by jrcornel

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cryptovlogz 6 years ago

If $btc goes up to $100,000, all alts will pump like never before

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2 votes

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jrcornel 6 years ago

That is the hope. Money from bitcoin will likely spill over... we just need to ensure that steem benefits again like it did that last time. There is no guarantee it will this time around though considering it is barely in the top 100 coins on CM, whereas last time it was within the top 20-30 coins.

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1 vote

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edicted 6 years ago

Yeah people say dumb money is not coming back... but a Bitcoin pump creates dumb money out of thin air.

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lordneroo 6 years ago

We need to use Facebook and Instagram stories to our advantage. That's where the masses are.

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1 vote

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jrcornel 6 years ago

Yes, that would likely help for sure. Though with low coin prices it has been hard to keep those who do make their way over...

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1 vote

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toofasteddie 6 years ago

Indeed a good signal 😂😂

Posted using Partiko iOS

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jrcornel 6 years ago

Crypto sites crashing as long as it is due to too much traffic, is always nice to see.

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2 votes

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toofasteddie 6 years ago

Yep, I’m waiting for kraken as well to fail 😉

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russia-btc 6 years ago

This is a fraudulent exchange - do not trade there

Posted via Steemleo | A Decentralized Community for Investors

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1 vote

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chekohler 6 years ago

Lol you’d think with this long ass time of low interest they would have improved their capacity by now but a good sign none the less jusy means we need more exchanges and less centralization

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jrcornel 6 years ago

Yea, I am not sure exactly why it went down, but I do remember a pattern back in the day of high volume and large price moves coinciding with coinbase going down. It was like clockwork. Coinbase is back up and running now, but hopefully this type of positive activity continues, though maybe not coinbase crashing every time it does.

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1 vote

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oldtimer 6 years ago

We don't need steem pump. Steady price rise in much healthier.

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jrcornel 6 years ago

I think a pump and a price rise can be very much the same thing, just as long as the former isn't followed by a dump.

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1 vote

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freddio 6 years ago

Steem need to teach Investors and Devs what it is and what it can.

Reason for bad price is super simple.
Big Investors dont know what Steem is. Most think is only some Content Platform.

They dont know about SMT / Steem Engine / Dapps / SPS /Tribes / Keychain and all this cool shit we have and we get.

Most think Steem = Steemit .....

Bitcoin is for them more easy to understand " storred value".

Is like first Social Media Stocks, they all sucks at the start.

I think some really good, professional and short Content for Investors " what Steem is" bring them in.

Information should not be like " everyday you go on Steem you see some new Shit" :D

I think the best would be something like Coinbase earn with soem Videos they get a Free account and some delegation/ Steem if they do it right.

So teaching is way more easy.

https://steemit.com/steem/@freddio/q4471h

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edicted 6 years ago

The value of Steem will go up when devs start actually using this place for all the crazy things it can actually do.

Zero rake (break-even) gambling.
Decentralized video/text games with provable ownership and monetized communal development.
Porn? (just trying to think of the big money makers)

There are a lot of things we can do here that you can't really do on a lot of the higher market cap coins. On top of that we have the built in community.

The really big problem is that the best products have no financial incentive to be built in the first place because it's difficult to siphon off money for the devs. Decentralized organization and payment for work is really hard to attain. Everyone tries to game the system and take as much as they can for themselves. .. then the final product ends up getting gutted and looks nothing like originally envisioned.

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jrcornel 6 years ago

Agreed. We need someone to build something that they believe in and think big picture about, think about the billions it could generate down the road instead of trying to make a couple thousand right of the bat.

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1 vote

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edicted 6 years ago

Essentially what I think is going to happen is that we're going to have to wait for a lot of sub-par products to come out first. These projects will kick and scrape for every last user they can find. Then there will be a critical mass moment when someone realizes they can undercut those projects and give those users a way better deal. There will be a migration from the sub-par projects to the superior ones that don't leech off the product.

I imagine it will be a lot like what happened when the video game industry realized that free-to-play games are ironically a lot more profitable than forcing people to pay.

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cryptopie 6 years ago

Crypto exchanges crashing means a good thing, I am thinking that it is the start of the bull market @jrcornel :D
I really, really need some money.

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jrcornel 6 years ago

It sure would be nice to see a bull market again. I'm sure we all could use some gains here.

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tts (1) 6 years ago

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