This morning I was looking at the markets and my portfolio was losing unnecessary amounts of value and I was thinking about how things have changed since the last bull in 2017. The game has changed a lot since then, although many people still see it referring to those times.

One of the biggest changes has been the widespread launch and growth of stable coins such as USDT, USDC, BUSD and DAI, which took their place in the top 100 by market value. These coins don't offer much on the way back, but they have a great deal of utility as tokens that can maintain a fixed value in blood baths. Previously, traders would switch to other cryptos or directly to fiat, but with cryptos being ruled by BTC and fiat causing other headaches, the stables offer the best of both worlds.

Now, I don't know how the dynamics will change, but many people look at Bitcoin's dominance in the market as an indicator of how alts is performing. This was a pretty good indicator as people moved from high BTC to bottom in 2017, but is it the same now? What I think is happening is that in falls as the merchants move, dominance will obviously fall, but they don't actually encounter bottoms, they run to the stables, and when they're ready, they'll come back. BTC from that point on.

This will likely fundamentally change the dynamics of this bull-related market, as it will not be the same urge to "pick a winner" and "pick a winner" that won't lose as much as BTC in percentage terms. This could also mean that the market pumps will remain alts longer than they were in 2017, because there is so much more now.

What I hope will happen is that traders will realize that for the sustainability and growth of the crypto industry as an industry that can change the way the entire economy is functioning, it is more than moving to projects for immediate gain or protection. real projects need to be supported. I don't know if there is yet the maturity in the market that allows investment to start a business, but long-term, that's what is needed.

While the dotcom bubble is considered a bubble because it has a higher monetary value than practical value, when you start looking at what's made from it, it wasn't a bubble with many of the world's most valuable companies. during, he was heavily supported by those who were born after or came from him. The loss in the "bubble" collision is well and truly behind, thanks to the wealth the dotcom industry has generated since then.

Many people compared Bitcoin to Tulip Mania, but did not take into account the differences. The tulip bulb balloon in the Netherlands lasted between 1636 and 1637, but not the time of the difference, but the potential of the market. In fact, there was no room for the tulip bulb market to develop, innovate, add value to guarantee the bubble in the first place.

Perhaps this could have been said about Bitcoin before the first pizzas were bought, but since then, use cases have been added to the point that some people worry that it could be a global reserve currency. Not only that, it can be used to generate earnings in a variety of ways, as in DeFi liquidity pools, and can be used to balance the stables themselves in the future and support cooperative business models.

Connecting barns to US dollars is only for convenience as it is so widely used, but as long as it is stable enough to provide the benefits it needs for various forms of trade, barns can be effectively fixed to anything. participants can trust. When the US government and financial institutions continue to print money to solve internal monetary problems, can the US dollar be trusted globally?

For a while, a catch is much more valuable than the current market, and there is an increasing amount of wealth, crypto innovations will evolve rapidly and impact on many forms of traditional business, while values ​​for come will be worth a tiny two trillion dollars. The growth potential is absolutely enormous, so many financial institutions are researching and building it because it's just like the dotcom bubble.

This is not a balloon

Market values will move up and down until there are sufficient use cases and participants (supply and demand) to reach a moving equilibrium, as any industry or business will have its ups and downs during the formation stages. At this point, it comes to project competition and innovation to get the attention of the market to create wealth. The investment opportunities the industry has to offer to create the new economy are numerous, and the wealth that the maturing industry will generate will seem like a dwarf in the early days.

When we look at the biggest example of a "project" from that dotcom bubble, we can see its potential for good investment.

And one of the beneficiaries of the dotcom bubble:

What was the cost of the dotcom bubble?

What people should remember, too, was that this value not only disappeared but was transferred. Some people become insanely rich from that period. But what is the value of the resulting companies and how much do they produce?

At least for value, here are the top 10 of the Nasdaq.

The top 3 alone are worth more than the "loss" of the bubble burst.

As they say, when in doubt, take it away and this applies to all bubbles. It is important to accept whether a bubble is a bubble because it is not a value, or whether the value is a bubble because it has not yet been filled to fill the space. While there is nowhere where the tulip bulb bubble could evolve to fill the gaps, there was and is plenty of room for technology innovation to grow and generate wealth, and I suspect that the next change that will power the ongoing evolution is connecting this technology. Innovation to decentralized economies of businesses competing not only on products and services but also on the economic benefits they can offer to their users. However, this is also stepping outside the tech industry and attaching itself to all types of commercial activity, trade and consumption.

The blockchain and crypto industry is evolving rapidly, and comparing the current situation with the past may be increasingly unimportant - but probably not so irrelevant that the current situation would look like the future in the industry is now, ten or two years later.

Stables will have a huge impact on the markets, but what will actually stabilize Bitcoin in the long run is businesses built on other blockchains, all of which form a complex use-case matrix that adds economic weight to the digital economy.

It's easy to get caught up in the daily scam, but it's worth remembering that there is a long game in the game and that is the way in which most of the value will be created. People are talking about the risks of investing in crypto, but there is actually little risk - the risk will help everyone who survive and develop and come to have a future.

One of the opportunities for cryptocurrencies is that we, as owners, have a say in the results.