RE: Crypto market capitalization has reached 100 billion USD - Some thoughts about the future of crypto by smallmiracles

View this thread on steempeak.com

Viewing a response to: @capitalism/crypto-market-capitalization-has-reached-100-billion-usd-some-thoughts-about-the-future-of-crypto

· @smallmiracles ·
The chart really helps put things in perspective. Crypto currencies are not yet heavily traded by the same people who trade commodities, precious metal or even fiat currency.

Once this asset class becomes the focus of the big institutional investors, you can bet they will aim their high tech weaponry at it the same way they handle other volatile assets. Using high frequency algorithmic trading and other robot magick. This will level out the winning cryptocurrencies until their trading range is as narrow as any of the major fiat currencies, as armies of bots scalp each other for a few pips up and down.

I think the winners in the short term will be Bitcoin and Ethereum. Perhaps if Facebook figured out a way to pay users to create and promote content like Steemit and/or YouTube starts paying users with a cryptocurrency, the big investors will flood right on in.
👍  
properties (23)
post_id3,468,665
authorsmallmiracles
permlinkre-capitalism-crypto-market-capitalization-has-reached-100-billion-usd-some-thoughts-about-the-future-of-crypto-20170606t094814238z
categorycryptocurrency
json_metadata"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
created2017-06-06 09:47:42
last_update2017-06-06 09:47:42
depth1
children1
net_rshares741,300,303
last_payout2017-06-13 09:47:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length872
author_reputation3,811,633,288
root_title"Crypto market capitalization has reached 100 billion USD - Some thoughts about the future of crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@capitalism ·
I'm waiting for the day, that some of them is creating a crypto index. Then crypto index funds will follow. STEEM is now #12 of all crypto based on market cap. And it has a real business model. So it should be in the focus of this institutional investors.
properties (22)
post_id3,475,466
authorcapitalism
permlinkre-smallmiracles-re-capitalism-crypto-market-capitalization-has-reached-100-billion-usd-some-thoughts-about-the-future-of-crypto-20170606t131609753z
categorycryptocurrency
json_metadata"{"app": "steemit/0.1", "tags": ["cryptocurrency"]}"
created2017-06-06 13:16:09
last_update2017-06-06 13:16:09
depth2
children0
net_rshares0
last_payout2017-06-13 13:16:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length255
author_reputation6,883,000,130,340
root_title"Crypto market capitalization has reached 100 billion USD - Some thoughts about the future of crypto"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000