it pumped a lot already lately. We have to consider being in a rather later state of this crypto hype / bubble 2017.
Everything is bought if the story/reason/fake reason even holds water as thought of food only for some people for some days. (For example it is interesting to imagine of course what if XRP would be worth $1? But it should not have an effect on the real market, except it is any special. Whe) SC: Cloud storage is an important product. SC came last next to SJCX and MAID but catched up through pure/clean open source appeareance. MAID is working on much more.
one year ago many people bought some SC for 5 Satoshi each and while it is nice. Most people arent too rich yet and wont keep the work away if it just brought in 50000% profit in $
have a nice sunday
kulie
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@fineregex, yeah the bubble is going to bust soon! but dapps with use cases will survive. The question is , is SC one of them?
thetazeta
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@kulie, bubbles can last a long time, esp when other markets (stocks) are in even longer bubbles, or (bonds etc) have negligible/negative returns...
re: SC, I can't think of dapp with a more compelling up and running use case. All the ETH dapps worth billions of market cap that don't even work yet, on the other hand...
kulie
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@thetazeta, since when bonds are in negative returns? However , stocks and bonds have government and masses to back them up ,but crypto is bunch of suckers flipping from one ico to another while reciting half definition of liberty and dreaming free/uncontrolled world.
As soon as this gets big the manipulation cannot survive! without pumps and dumps there is no attraction!
Dapps ? the uncertainty is more than enough to make it a self-destructive industry. Yes, i m not optimistic about crypto future :( would be happy if u prove me wrong.
thetazeta
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@kulie, short term bonds and bank notes have been negative in Europe for a while. US bonds aren't but crypto is global, and some crypto buyers don't have easy access to US bonds.
Totally fair perspective on crypto, I see that too (;
My 2 cents - the crypto bubble has plenty of half-baked ico and buzzword chasers. But it took big money to get us to 100 Billion market cap - hedge funds, IB's etc. When you see this, while markets are such that fund managers happily admit they have large cash positions, it's worth wondering if something bigger might be happening with crypto.
kulie
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@thetazeta,i think most of the crypto users dont have easy access to bonds etc (which is y the ICO market is so attractive, needs no papers)... One thing i can see coming is a 'global stock market on drugs' :) and money could be made!