09-04-2021, 07:44 PM
Could Crypto get to a point where it’s a Bubble?
<!-- SC_OFF --><div class="md"><p>Crypto mainstream adoption equals more and more like a new fancy way for Gen Z investing. — My question is: <strong>If the majority isn’t even using the blockchain technology, and is investing in it to simply profit off it, can it lead to a bubble?</strong></p> <ul> <li><p>The majority of Crypto isn’t even on-chain anymore. Most of the transactions are off-chain.</p></li> <li><p>New users don’t even want to understand the technology and the usefulness behind Crypto.</p></li> <li><p>Mainstream adoption means relying mainly on centralized solutions, regarding storage and security.</p></li> <li><p>Blockchain technology will probably be unnecessarily implemented in industries where other tech solutions are more efficient.</p></li> </ul> <p>I think in the future this could potentially play out like the dotcom bubble. That cryptocurrencies become so overvalued for the simple fact, that they are cryptocurrencies, “the new big thing”.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sikeig"> /u/sikeig </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/phoh1o/could_crypto_get_to_a_point_where_its_a_bubble/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/phoh1o/could_crypto_get_to_a_point_where_its_a_bubble/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Crypto mainstream adoption equals more and more like a new fancy way for Gen Z investing. — My question is: <strong>If the majority isn’t even using the blockchain technology, and is investing in it to simply profit off it, can it lead to a bubble?</strong></p> <ul> <li><p>The majority of Crypto isn’t even on-chain anymore. Most of the transactions are off-chain.</p></li> <li><p>New users don’t even want to understand the technology and the usefulness behind Crypto.</p></li> <li><p>Mainstream adoption means relying mainly on centralized solutions, regarding storage and security.</p></li> <li><p>Blockchain technology will probably be unnecessarily implemented in industries where other tech solutions are more efficient.</p></li> </ul> <p>I think in the future this could potentially play out like the dotcom bubble. That cryptocurrencies become so overvalued for the simple fact, that they are cryptocurrencies, “the new big thing”.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sikeig"> /u/sikeig </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/phoh1o/could_crypto_get_to_a_point_where_its_a_bubble/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/phoh1o/could_crypto_get_to_a_point_where_its_a_bubble/">[comments]</a></span>Kind Regards R