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      "author": "steemitboard",
      "permlink": "steemitboard-notify-jackapple-20200209t225741000z",
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      "body": "Congratulations @jackapple! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@jackapple/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@jackapple) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=jackapple)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "jackapple",
      "permlink": "what-if-2018-is-not-the-year-of-crypto",
      "title": "What if 2018 is not the year of crypto",
      "body": "So it seems to me that there is still a lot of hype and hope around in the crypto community. If you google for predictions on bitcoin value in 2018 most of them still are above ATH even though the current market is not that promising.\n\nHowever in my opinion it is possible that the whole of 2018 will be a bad year for crypto and we will end up with Bitcoin being worth less then 5k in december. (and a similiar low total crypto marketcap over all)\n\nWhat I am wondering is what this would mean. Will people still have faith and hodl into 2019 or will the hype vanish and the market collapse? What will happen to the mining industry ec.\n\nPersonally I think the second is not that unlikely. I believe the majority of people could move out of crypto after a dissapointing 2018 and same goes for the coins. I refuse to believe that projects such as Verge are created because they want to create revolutional technology. To me it is rather clear they are purely in it for the money, which probably applies to a lot of other coins as well, especially those resulting from ICOs. (Not trying to bash here, obviously the main goal of a company is to be profitable)\n\nAnyway please don't see this post as FUD or predictions. And please don't tell me how this scenario is impossible and could never happen ec. ec. I just want to discuss a hypothetical situation and it's implications. Even though I am a developer myself and are in fact interested in the technology I as well hodl crypto only in hopes of the monetary gains. (With the exception of Dogecoin, which I only own because Dogecoin is fucking cool)\n\nAlso posting this to Steem just in case anybody wonders.",
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      "body": "Your points about interest are undoubtly true, however the correlation between interest and price is not really that clear.\n\nIn the second half of 2017 crypto prices where skyrocking and so was the interest in cryptocurrency. However one might argue that the rising price was driving the interest into the topic rather then the other way around, because the recent \"crash\" in february was not correlating with a suddenly dropping interest. Now after some weeks of limited price action we are seeing a decrease in interest, however we do not see a decrease in price. (At least this holds for bitcoin) If Bitcoin was to suddenly increase a lot in price again (or even decrease) this would very likely increase the interest again.\n\nSo in conclusion I am arguing that interest in cryptocurrency is not a good metric to \"forecast\" price evolution as the correlation between those two is rather unclear and judging from past events it seems as if price action is  dictating interest rather more then the other way around.",
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